Monday, October 5, 2009

Hello Again

Okay, so I haven't written anything in forever...I'll be sure to post all the pictures and updates from the summer in the near future.

For now, the down and dirty:
June - My lil' sis, Bonnie, graduated from high school which required a trip to PA. Congrats B!

July - We celebrated our 8th wedding anniversary...and the next week Jimmy resigned from the Waffle House...both events evoking tears of joy because a)
I've survived another year being married to Jimmy Adams and b) I've survived another year being married to Jimmy Adams

August- Bonnie came for a visit and we went to Pinehurst for a relaxing day at the spa. Then we ventured back to PA for Jimmy's grandparents' pig roast. Mid-August we found ourselves trying not to get killed on Romanian highways. Finally, we went back to PA for another week to help Bonnie pack for college.

September - I worked the first two weeks of the month and then peaced out of the nursing world for some time. My last official day was 9/11. So, I guess that means Jimmy and I are both a bunch of slackers as neither of us has a job...or kids...or anything to do...oh well! We went to Missouri to tour liberty jail last week. We also saw the Truman Museum, the WWI museum, the LDS visitor's center, and the RLDS(Community of Christ) Temple.

October- Went to my friends wedding in Richmond and then picked up Aurora, my 8-week old puggle (a mix between a pug and a beagle) She is my new love and the sweetest thing in the world. Sorry Jimmy.











Wednesday, May 6, 2009

My Man

You are the love of my life - Happy Birthday!

Sunday, April 19, 2009

Updates

I had a birthday. Blah. I wasn't really looking forward to it this year...don't know why. I received a lot of great birthday cards - Bonnie gave me the card below that basically summarizes how I felt.

It read: "Oh poop - another birthday"

The best thing about my birthday was having my family in town. Mom, Bonnie, and Johnny battled the Easter traffic and suffered through a 10 hour trip from PA to NC just to wish me a happy birthday. They could only stay two days, but during that time my crazy mother helped me organize and decorate the entire upstairs of our house - thanks mom! You guys are the best!

Other festivities included:
-dining at the Waffle House with service from the cutest waiter in town


-watching a sad movie


-chowing down on Carolina BBQ at


-going to church


-and making an Easter feast
.

Jimmy's parents came into town this past Wednesday and Thursday as they were en route to Florida. Following a lovely dinner at Parizades, Jimmy graced us with a few brief excerpts from his book - we were laughing so hard and even moved to tears at times! Jane brought us some cute Easter bags full of goodies - thanks Jane!

We've both been working a lot lately. As we're on opposite shifts we sometimes go 2-3 days without seeing each other. Jimmy has turned into a fine waiter and his ability to multi-task is improving each day. It is definitely hard work keeping up with the Waffle House patrons...leaving him exhausted at times.


Unfortunately, he doesn't get much sympathy from me when he talks about the difficulties of "being on your feet for 10 hours while serving crazy, drunk people." Rather, I take pleasure in saying, "Welcome to my world."

Monday, March 16, 2009

Vindication

Longtime readers of this blog will remember my doom and gloom predictions from a year ago (Yes, it's been a year since Bear Stearns nearly imploded). Specifically, I stated that unless credit markets were quickly unclogged, equities were doomed. Well, I was right (in spades, unfortunately). And now I have empirical evidence to substantiate my thesis. Like many of my Waffle House colleagues, I run regression analyses for fun in my spare time.

Check out the attached chart. It shows the yield spread on 'AAA' commercial mortgage securities (Bank of America Index), plotted against the S&P 500. The "yield spread" is the interest rate at which commercial mortgages trade above the Libor rate. In plain English, it's a measure of the riskiness of commercial loans. You can see that the two series move in opposite directions (that's "negative correlation" for you quant geeks).


For the statistically-inclined, I also regressed the S&P 500 against the CMBS spreads over the past year. CMBS spreads have been a very solid predictor of stock market performance- the R-squared on the regression is 91%.


The higher commercial mortgage yields rise, the lower the value of common stocks. Intuitively, this makes perfect sense. Higher bond yields imply higher discount rates for stock valuations, ergo lower share prices. That is, price-to-earnings ratios should fall as bond yields rise. Which is exactly what has been happening. (Additionally, earnings have also been falling precipitiously).

There are undoubtedly a few good buys out there in equity land, but for my money, it's a much safer (and smarter) bet to buy a diversified pool of high quality corporate bonds or commercial mortgages rather than an equity index fund. But what do I know- I'm just a bond geek.

Then again, we're the ones who caused this crisis in the first place. The equity guys are just dumb jocks along for the ride.

Sunday, March 1, 2009

A ray of sunshine

video

My sister found this video on the church's website and I loved it! I remember when President Uchtdorf gave this talk to the women of the church - it was very inspirational. I love and admire President Uchtdorf for his optimisim, cheerful disposition, and words of wisdom. His talk during the November 2008 general conference, "The Infinite Power of Hope" dramatically changed my life. In a time when many despair, his talk seems more poignant than ever. Enjoy!

www.lds.org/ldsorg/v/index.jsp?vgnextoid=f318118dd536c010VgnVCM1000004d82620aRCRD&locale=0&sourceId=25c5a0ad4843d110VgnVCM100000176f620a____&hideNav=1

Wednesday, February 25, 2009

The fruits of your educational "labors"

As you may have noticed, I've taken a leave of absence from blogging. Fortunately, Becky's sardonic prose has proven more popular with our readership than my own. As some of you may know, I've been spending much of my discretionary time writing in hopes of being published later this year. While this endeavor may ultimately prove nothing more than a pipe dream, I figure it's a shot worth taking right now. In Becky, the blog is obviously in very capable hands.

This morning, I came across a site for "United Professionals." It was started by Barbara Ehrenreich, a journalist who wrote "Nickeled and Dimed," a personal narrative of hellish minimum wage working conditions. (The author spent two years working as a waitress, chambermaid, etc.) I have not yet read the book, though I intend to.

Subsequent to the the publication of "Nickled and Dimed," Ehrenreich started "United Professionals."
www.unitedprofessionals.org/about/

"UP is a nonprofit, nonpartisan membership organization for white collar workers, regardless of profession or employment status. We reach out to all unemployed, underemployed and anxiously employed workers -- people who bought the American dream that education and credentials could lead to a secure middle class life, but now find their lives disrupted by forces beyond their control.

Our mission is to protect and preserve the American middle class, now under attack from so many directions, from downsizing and outsourcing to the steady erosion of health and pension benefits. We believe that education, skills and experience should be rewarded with appropriate jobs, livable incomes, benefits and social supports."

Entitlement manifestos like this really irritate me. Far too many GenXers have bought into this line of thinking, which goes something like this: "I worked hard in high school so I could get into Dartmouth and earn a BA in British literature. I went on to get an MBA. Therefore, because I'm obviously smart and well-educated, the market must pay me this. Otherwise, I'm going to pout because life's not fair."

I have two words for you people: so what? Do you know what education, skills and experience are worth? They're worth whatever an employer is willing to pay for them. Oh, by the way, skills and smarts are meaningless unless you are also hardworking and/or an effective communicator.

I don't give a damn about your "education." If you're so smart, then find a way to make money, you erudite wusses. I know that it's a cruel world that neglects to pay you a six figure salary when you know you're worth it, but you'll just have to be creative for once in your lives.

I know my words are harsh, but don't worry, you'll eventually get your due. Some future politician will undoubtedly erect a monument (maybe even a museum) to honor your suffering. I'm sure there's a place for it on the National Mall- perhaps next to the Vietnam Veterans Memorial. Because any "educated" person realizes your collegiate endeavors were just as heroic as a firefight in the bush with Charlie.

Thursday, February 19, 2009

Proof is in the Pictures

Just in case you thought I was joking....here he is in all his glory!!!