Consumer Price Index Reports and Bluto
Inspirational Quote of the Day
“We don’t stop playing because we grow old. We grow old because we stop playing.” – George Bernard Shaw
Dipped at the end of last week, mostly on the unemployment report. Yesterday a couple of reports came out showing inflation (which is bad for rates). The Consumer Price Index – which comes out today – will be the most important data this week. If inflation increases more than expected in this report, rates could spike up. Interestingly enough, since 2004 rates have dipped on the same day in September (9/10). It’s my belief that the Rate Gods are just really excited for football season.
Monday marked the year anniversary of the Lehman Brothers collapse that led to much of the well deserved panic that followed. Time flies when you’re not having fun! In his speech a few days ago, President Obama prodded lenders to modify more mortgages and extend more business loans. He said, “Many of the firms that are now returning to prosperity owe a debt to the American people.” One of my pet peeves over the last few years has been how the banks have lowered rates for people not paying their mortgage, and not rewarding the people who have been paying their mortgages. Reminds me of how my parents would punish my sister for getting a B on her report card, but throw me a party whenever I would get a C or higher!
Inspirational Quote of the Day 2
“Over? Did you say ‘over’? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor ? Hell no!” – Bluto (John Belushi), Animal House, 1978.
Timeout for Trivia
Congratulations for those of you last week who guessed Adam Sandler correctly. Want to win a $5.00 Starbucks gift card? Simple be one of the first ten to answer this week’s Who Am I? question. Good luck: “I turn 56 today. Before acting I was an amateur boxer and finished with a career record of 20-17. Then I turned to acting and in 1982 appeared in the movie Diner. My biggest movie after that was a steamy one in 1986 where – on the sex symbol scale – I would rank me a 9 ½ out of 10. Then I hit my slump. I tried a career as a professional boxer while passing on roles as Eliot Ness (The Untouchables), Axel Foley (Beverly Hills Cop), Jack Crawford (Silence of the Lambs) and Tom Cruise’s part in Rain Man. But last year I made a comeback and won a Golden Globe for a movie that wasn’t about boxing, but pretty close to it.