It has been fun watching the talking heads try to defend Jamie on CNBC. Here is the poster boy for fighting banking and investment regulations, and in one month, thanks to a London Trader who was supposed to be "hedging" risk, instead lost 2 billion selling Credit Default Swaps. What has not been covered so far, is that at one point in april, HIS EXPOSURE EXCEEDED 100 BILLION DOLLARS! Jamie's response; "the losses were due to egregious and self inflicted mistakes from trades that were poorly executed and poorly monitored". So it continues to beg the question, if the supposed smartest guy in the business can be surprised by such a loss, we have to return to the question of too big to fail being just too big, and the separation of banks from investment houses. Let Jamie go run a private hedge fund and screw that up, and put someone in charge of the banking business. Add this to what is currently happening to the banks and currency devaluations in Europe, and this could be an interesting summer for world markets. Anyway, hit the gym today and tried a slightly different tact. I started out on one of those elypticals I hate and did that for five minutes as a warmup. Then I got on the treadmill at a 6% incline, and did two minute slog intervals with 30 second walks for a total of 20 minutes. Then I jumped on the exercycle for 20 minutes. So 45 minutes of aerobic activity followed by the usual full body weight lifting. Then I came home and iced while watched the Jamie Dimon show.
Yesterday after an hour and fifteen minute bike ride, I took a few blooming cactus pictures in the yard. We had 48 hours of solid rain for the first time this year, so everything bloomed. In the next week, all those little weed seeds will sprout, and I will end up at walmart picking up some weed killer.....
2 Mi 10:08 5:04 Pace 91' 5K 17:45 5:44 Pace 90' 4 Mi 23:20 5:52 Pace 90' 5 Mi 29:56 5:59 Pace 89' 10K 37:54 6:07 Pace 91' 15K 1:00:30 6:30 Pace 91' 1/2M 1:27:30 6:41 Pace 93' M 3:10:58 7:17 Pace 50Mi 8:22:50 10:03 Pace 94'
Just completed 40 years of running and racing distances from 1500 meters to 50 miles. After 4 back surgeries, surgeries to both feet, having my knee and ankle broken after being hit by a truck, and having had meniscus surgery in 2011, I have limited my competitive running to races I can complete in an hour or less. I think I have used up all 9 of my running lives, so I am hoping to stay injury free for a few more years! My goal now is to try and run 4 days a week with two days of quality work, and to supplement that with three days a week of weights and bike intervals at the gym. The Combination of Year/Kilometers (40 plus years and over 110,000 kilometers) have enjoyed their full effect on me orthopaedically.