Friday, November 14, 2008
Wednesday, November 12, 2008
Economics Update
From my man Dean B.;
"There is considerable effort by many analysts to blame the current downturn on a credit crunch, implying that if we could somehow fix the financial sector, then the economy would be back on its feet. While the troubles in the financial sector are certainly exacerbating the economy's problems, the main cause of the downturn is the loss of more than $5 trillion in housing wealth, coupled with a loss of an even larger amount of stock wealth over the last year. The disappearance of so much wealth is the main reason that the economy is crashing, not difficulties that individuals and businesses face getting credit."
Sam rephrases as;
The problem is not "credit".
The problem is also not, and never was, "subprime".
The problem is an overvalued housing market.
"There is considerable effort by many analysts to blame the current downturn on a credit crunch, implying that if we could somehow fix the financial sector, then the economy would be back on its feet. While the troubles in the financial sector are certainly exacerbating the economy's problems, the main cause of the downturn is the loss of more than $5 trillion in housing wealth, coupled with a loss of an even larger amount of stock wealth over the last year. The disappearance of so much wealth is the main reason that the economy is crashing, not difficulties that individuals and businesses face getting credit."
Sam rephrases as;
The problem is not "credit".
The problem is also not, and never was, "subprime".
The problem is an overvalued housing market.
Saturday, November 8, 2008
Gnocchi and Pork
This past week, we actually had time to cook some new stuff. First, Sam was in the mood for some pork, so he picked up some tenderloin and parsley and I tried out this recipe for Roasted Pork Tenderloin with Sage Corn Bread Crust. Very easy to make and it was a good opportunity to use some sage from our deck that has really grown huge (its actually taking over the rosemary a little bit).
And then later this week I finally got a chance to try out a recipe I've meant to try for a while - homemade gnocchi. Ricotta gnocchi is a lot easier than potato gnocchi - no ricing needed. Just some waiting for the water to drain out of the ricotta and some mixing. And the fluffiest gnocchi ever. So tasty.
And then later this week I finally got a chance to try out a recipe I've meant to try for a while - homemade gnocchi. Ricotta gnocchi is a lot easier than potato gnocchi - no ricing needed. Just some waiting for the water to drain out of the ricotta and some mixing. And the fluffiest gnocchi ever. So tasty.
Tuesday, November 4, 2008
Sunday, November 2, 2008
NYC Marathon 2008
As you can see from Sam's posts below, we spent this morning watching the New York City Marathon from our favorite viewing spot (three years in a row) outside of Choice Market on Lafayette and Grand. We probably would have been happier if we had worn gloves, but otherwise it was great weather to watch the race. Now just on to some studying and laundry for the afternoon, and probably some Pan Grilled Chicken for dinner. And maybe wishing we still had some leftover chili from last week.
+ More New York City Marathon 2008 photos
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