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Posts Tagged ‘Talk Like A Pirate Day’

Despite Katrina, Inflation Threat Allows No Rest For The Weary

September 20, 2005 | 8:09 am | |

Although we are recovering from yesterday’s annual Talk Like A Pirate Day, we are now facing the outcome of today’s Federal Open Market Committee’s meeting. Its widely expected that the Fed’s policy of raising short term rates regular 25 basis points will continue, but it may skip this increase in one of the few remaining meetings this year [WSJ]. This would be the 11th increase in the federal funds rate since June 2004.

YieldCurve9-05

Bond investors are starting to demand higher yields on the widely held consensus that the after-effects of Katrina will be inflationary. In fact, the yield curve, once flattening, is now reversing with the spread between lower short term rates and higher long term rates increasing.

Views of economic growth haven’t necessarily changed, but rather the rate of inflation alongside the growth has. Fuel and building material data will be skewed this fall, further adding to the confusion. This will likely provide upward influence to mortgage rates.

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Talk Like A Pirate Day: September 19, 2005

September 19, 2005 | 9:42 am |

We all need a break from real estate news every now and then…

pirate

Every September 19th is International Talk Like A Pirate Day where people stop concentrating on work and search for anything related to Pirates. According to Wikipedia, International Talk Like A Pirate Day is a parodic holiday invented in 1995 by two Americans, John Baur (“Ol’ Chum Bucket”) and Mark Summers (“Cap’n Slappy”), who proclaimed September 19 each year as the day when everyone in the world should talk like pirate. In 2002, humorist Dave Barry wrote a column on this and the rest, they say, is history.

Here’s a sampling of how much interest there is in this topic:

[Search For Talk Like A Pirate Day Sites]

Notable coverage of this event includes:

[Washington Post]
[National Review]

Other Sites of Interest:

[Talk Like A Pirate Day] This is my developer’s site which was the second most Googled search on the day the Dave Barry article came out in 2002.
[Flickr International Talk Like A Pirate Day Photo Group]
[The Landlover’s Guide to Pirates]
[The Official British Headquarters for International Talk Like A Pirate Day]
[The Official Aussie Site for Talk Like A Pirate Day]

What does this have to do with the real estate economy? I could say something clever like “Thats how some buyers feel about their sellers” or “capital gains tax = pirating profits by the government” but I’d rather not say something clever so…aye! get back to work ‘ya landlubber!


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