{"id":316,"date":"2009-05-10T18:18:01","date_gmt":"2009-05-10T18:18:01","guid":{"rendered":"http:\/\/themightyten.com\/blog19\/?p=316"},"modified":"2009-05-10T18:18:01","modified_gmt":"2009-05-10T18:18:01","slug":"cows-panics-and-brother-gregoryentry-for-october-15-2008","status":"publish","type":"post","link":"https:\/\/themightyten.com\/blog19\/?p=316","title":{"rendered":"Cows, panics and brother Gregory…..Entry for October 15, 2008"},"content":{"rendered":"

\"\"<\/a\nWhat I have found out about cows, I<\/strong> am not shocked. They require a lot of care. They don’t just hang around and cut the pasture lawn.<\/p>\n

If you take good care of your cows, they will produce dairy products, meat and calves for years !! I think I would like a Jersey cow, not because she comes from New Jersey but because she eats less.<\/p>\n

Politicians and myself are competing to see who can act most panicked and use the most exaggerated claims about economic crisis — yet the fundamentals of the U.S. economy are, in fact, strong. Productivity is high; innovation is high; the workforce is strong and well-educated; unemployment is, but nothing compared to the recent past, there are no shortages of resources, energy or goods.<\/p>\n

Why has a credit market problem expanded into a panic? One reason is the media and political systems are now programmed for panic mode. Everything’s a crisis! Crises, after all, keep people’s eyes glued to cable news shows, so the media have an interest in screaming crises. Crises make Washington seem more important.<\/p>\n

My last blog post featured a famous photograph of the depression. I panicked! Then on Monday night my football team totally self-destructed and I PANICKED !!<\/p>\n

I may have forgotten, but games like the one on Monday night do happen to teams in the NFL, even the good ones. Sometimes, even a less talented team can play real well, and a more talented team can play poorly and a blowout happens. Was it ugly? Yes. Was it painful to watch? Yes. The season will go on, the team will move forward, and the Giants are still in first place in the NFC East.<\/p>\n

This weekend was a perfect <\/strong>example of how unpredictable the NFL can be. If I walked into a Vegas casino last week and bet the Rams to beat the Skins, Cards to beat the Cowboys and Browns to beat the Giants outright with no spread, I would have gotten astronomical odds. Yet, it happened. Losses happen. The Giants weren’t going to go undefeated. They weren’t going to go undefeated on the road again. Eventually the odds catch up with every NFL team. That’s what the NFL is. There’s no reason to panic.
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