Cake or Death: Weekly fantasy baseball update

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Name: jwookie

Location: Temecula, California, United States

I'm just a normal guy who was trying for medical school and ended up in finance. I'm not quite sure how I got here, but there aren't alot of hippie tree-huggers in finance, so I might stick around for a while. Other than that I'm spending time with my wife and dog, working out at the gym, sports (baseball mostly, but I'll settle for basketball and football), reading, music, and more. In the end, my free time isn't very free, so I'll probably do most of my posting from work. Hopefully they think all that typing is me actually working.

View my complete profile

AOL: Wookieblog
GMail: JWookie.CakeorDeath
I'm also crossposting all this at the hip new place to blog, Townhall! So stop by and check out the layout at Cake or Death@Townhall and let me know which one you like better.

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Tuesday, May 02, 2006

Weekly fantasy baseball update

In the bloggers league, The Hot Wing Conspiracy, I once again came away victorious! And this week's win puts me at the top of the standings. Number 1 overall, but only a slim 1 game lead over Poca Dots.

GOP and the City is hosting this weeks review, and here's his take on last weeks round up...

CZC Owns - 4
Wookies Will Win - 8

pitching - CZC beat up on a weak WWW pitching staff, winning 4 of 6 - even with Jeff Weaver and his 30.86 ERA last week.
batting - If Carlos Delgado had not struck out 8 times last week, WWW might have won every batting category.
MVP - Jermaine Dye (4 R, 3 HR, 6 RBI, .318 BA)

I wouldn't say my pitchers got beat up, just unlucky. I mean, how often will Schilling start twice in a week and not get one win? I was pretty impressed with my offensive stats though... a mediocre batting average of .261, but power stats through the roof. The Man could easily have named Pujols the MVP who had the same stats as Dye but scored 4 more runs and beat his average by 60 points, but Pujols can't be the MVP every week, so Dye, it's all yours baby. Good work.

For previous results...
Week 1: GOP and College
Week 2: Cake or Death
Week 3: Fmragtops
Week 4: GOP and the City

In my other league with my family, The Dorks, I extended my lead at the top of the standings to 4.5 games with a powerful performance winning 7 to 3. I had average offensive stats taking only the runs and batting average categories, but I dominated on the pitching side sweeping all five categories. I'll give the MVP in this one to my relievers. Billy Wagner, Tom Gordon, and Jason Isringhausen, combined for 1 win, 6 saves, and 12 K's while keeping the WHIP and ERA nice and low. Excellent work guys!

UPDATE: GOP and College has his own take on the week's roundup as well.

Link to me! Posted by jwookie : 11:23 AM

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