Sunday, February 5, 2012

Calafia Beach winter

This photo was taken a few hours ago as we set off for a walk along the beach. Dana Point is in the upper right, and a piece of Catalina Island can be see in the upper left. Water temp is only 58º, but the air was close to 70º with a light breeze. This is arguably the most beautiful time of the year at the beach.


Squire said...

I lived in Seal Beach and Long Beach. I loved living at the beach. Everything was casual.

Benjamin Cole said...

SoCal beaches, and low in humidity. Very hard to top.

Lori said...

Since the former record high temp for February was around 92 degrees, are we not just a bit behind? :-)

Still, the surf conditions and size has been all time! And that is all that really matters.

Benjamin Cole said...

I want to vote for a pro-business president/party.

But then this.

The right-wing is becoming unhinged, when it comes to monetary policy.


NEW YORK (CNNMoney) -- A growing number of states are seeking shiny new currencies made of silver and gold.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.

Benjamin Cole said...
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Benjamin Cole said...

Add on: Perhaps right-wing bloggers want to re-assess their constant harping about possible hyper-inflation. It seems to be rabble-rousing at this point.

really, we are going to a gold or silver standard, state-by-state? Is this what passes for GOP monetary policy?

jj said...

Taken with your iphone 4s?

Cathy said...
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Scott Grannis said...

Taken with my iPhone 4S? Of course!

AusGarry said...

Here is an extract from Andrew Schleifer - 7 things I learned about transition from communism on Mankiw's blog:

'Sixth, it is important not to overestimate the long-run consequences of macroeconomic crises and even debt defaults. Russia experienced a major crisis in 1997–98, which some extremely knowledgeable observers said would set it back by 20 years, yet it began growing rapidly in 1999–2000. Similar stories apply elsewhere, from East Asia to Argentina. Debt restructurings do not necessarily make permanent scars. This experience bears a profound lesson for reformers, who are always intimidated by the international financial community: do not panic about crises; they blow over fast"

Maybe need to worry more about demographic shifts than debt defaults in Europe?