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Bubble, Trouble, Toil, and Livestock
Fun and Profit in the Eye of the Beholder

September 2, 2002

There's a computer in there somewhere.

You get but you pay for
Well wouldn't you know it: here I am about to recommend a killer Web site with the scariest damn financial and economic truths you'd ever be upset to read, and the morons change it to a paid subscription site after I've been visiting for less than a week! If you're still interested, it's called Fallstreet.com. I wish I could send you to some of the articles I read there last week, but they're gone for good, unless you've got $45 for a minimum three-month sub. I hate that.

The most fascinating thing I read about was how the forces of darkness have created a mortgage debt bubble to replace the equities bubble. An interesting notion, to say the least. In hot housing markets like Denver and Boulder, prices have actually come down a bit. (Tick-tock, y'all.) Another article pointed out how ravenous consumers denied the "wealth effect" of swollen portfolios are browbeating appraisers so they can borrow even more against their homes. This should make for quite a show if prices really do come down, but they won't and never have, correct?

I had to laugh when I read how such-and-such an organization had been tracking residential real estate since 1964 (ooohhh) and that the average price has "always risen." Hell, that's good enough for me. People here in Taos will drag you out in back and shoot you if you dare suggest another possibility. Should you somehow survive and be recaptured, they make you wear a dunce cap and walk around the Plaza in your underwear.

This kind of edginess is part of what's keeping computer sales from speeding up, of course. That, and the fact that my five-year-old PowerMac can't take me to $45 subscription sites just as quickly as a new one won't. (Did I say that right?) Anyway, it's hard to justify the cost of something no one really needs when things are so uncertain in the world. Better wait until we're pumping that Iraqi oil, and just remember not to be the last one on your block to sell the mansion and cash out. Just kidding, of course. Boomers never do things all at once.

Magic, mud, and silence
Moving right along (and speaking of Taos as I was earlier), my wife just bought a nice new blouse at a store a few blocks from here. She noted with an emotion I haven't yet quite been able to classify that the dressing room there had no mirror. . . Hmm. I suggested it may have been a new "Holistic Dressing Room" and that she must have missed the sign instructing customers to visualize the garment's fit and adjust their auras accordingly. Be that as it may, the blouse is fine and she looks smashing. (Maybe if Motorola treated megahertz the way that clothing store treats dressing rooms, Apple could do the same with market share.)

In another not even remotely computer-related local adventure (please take the time to visualize a half-price iMac and feel really good), we actually drove out to San Cristobal where we used to live to inspect an old adobe house for rent. Good old San Cristobal. As soon as I stopped the car and opened the door, my ears were assaulted by, well, absolutely nothing... You don't know quiet until you're in that valley, at least if no coyotes are around. But then I noticed yes, there was a sound or two: when I turned my head and held my breath, I could just make out the muted tinkle of a wind chime hanging on the porch and the nearly silent hissing of a breeze moving through the pines.. .

Oh GOD, I love that place!

The house had lots to recommend itself, aside from the fact that if we'd taken it, I might have had to run a phone cord out the window and around the front to hook the Big Guy up where I'd most likely want to work. With adobe houses, there isn't any easy way to feed the cable through a wall. (Back in Maryland, a decent indoor sneeze would have made the siding flap like leghorns on a takeoff run and shown me any number of rot-enhanced gaps I could have used, hoho.) Not that everything is really tight in houses such as these, of course. The unrepaired erosion on the eastside wall beside the propane heater vent was less than reassuring, although on the other hand, it's only dirt returning to the earth. If you don't take care of an unstuccoed adobe by remudding the outside every year, eventually it more or less just disappears... And far from being cause for shame, this process is regarded locally as something natural, at least among folks not inclined to drag you out in back and shoot you for saying things like, "WHAT?! A quarter-million dollar fixer-upper?"

We turned it down, though. The savings from the lower rent would have been wiped out by commuting costs, and old adobes built when no one had anything better to do than cut ten cords of wood a year aren't oriented towards the sun. A house like that will hold the heat, all right, but getting it warm to start with costs a fortune in propane. I counted one nice fireplace and three lovely gas wall heaters. Brrr. And damn!

Oh, you did not!
I tried to write about computers this week, I really did. But now the same thing's happening with GRACK! that happened with my old Farr Site columns: since Apple makes such great machines, they never break or blow up on me and I can't afford to buy a new one just to entertain the troops, so what is there to write about except the kind of thing I started off with, which only made me happy to remember something nicer and more fun. Consider this anti-curmudgeon therapy, if it helps. Maybe by this time next week, enough will be known about the new federally-mandated DNA-sampling keyboard standards for me to have an opinion. In the meantime, here's another funny story:

My wife had a hard time at the supermarket this afternoon. Monday is a holiday, so everything you'd ever want to eat was missing from the shelves and all the lines were long and horrible. Be that as it may, she scored some grub and catfood, thoughtfully forgetting all her discount coupons so that Smith's could make more money on the sale, and finally escaped the parking lot, only to be held up fuming at a busy traffic signal. Suddenly she heard a honk, and then a "B-A-A-A-A-A!" (Huh?)

Right there in amongst the monster Texas S.U.V.s and Sunday lowrider cruisers was a big black-faced sheep making its way across Paseo del Pueblo Sur, just the sort of thing to make it all worthwhile.

  "Grack!"

Senior Applelinks editor and columnist John H. Farr really loves it when his FarrFeed blog hits are coming in hot and heavy. Please vote early and often.

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 GRACK Update List

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GRACK! 2001 archives are HERE.
(Current year's columns just below) 

Aug. 26 "Digital Video in el Norte"
Aug. 19: "
Vitamins for the Soul"
Aug. 12: "
PowerSuck G12 MP Killumded"
Aug. 5: "
Sublimity of the Mundane"
July 29: "
Sweating It Out"
July 22: "
Keynotes & Kittycats"
July 15: "
Weird Week in Store"
July 8: "
Beauty Treatment"
July 1: "
Quantum Warriors"
June 24: "
Wait, I'm Not Done Yet!"
June 17: "
Magnum Mysterium"
June 10 "
Six Weeks Before the Mast"
June 3: "
Hair, Skin, and Bare Feet"
May 27: "
I Went on a Trip to Mingus"
May 20: "
Creative Procrastination"
May 13: "
It's Ten O'clock!"
May 6: "
Sagebrush Saga"
Apr. 29 "
Universe of Lies"
Apr. 22: "
Earth Day All the Time"
Apr. 15: "
Oh, THOSE Taxes!"
Apr. 8: "
Turn Left at the Llamas"
Apr. 1: "
April Drool"
Mar. 25: "
Tuzas on the Curb"
Mar. 18: "
Holy Ghostbeak"
Mar. 11: "
Lord of the Turkeys"
Mar. 4: "
The Heart of the Matter"
Feb. 25: "
New Stuff: Browsers, Servers, etc."
Feb. 18: "
Mascot Lore & More"
Feb. 11: "
Killer Email & Wiccan PotLuck"
Feb. 4: "
Meanies, Guerillas, & Subscription Copycats"
Jan. 28: "
Full Moon Frenzy, w/ PowerMacs"
Jan. 21: "
iMacs & Webmaster Schadenfreude"
Jan. 14: "
Was It Only a Week Ago?"
Jan. 7: "
Useless Column"
Dec. 31, '01: "
I Want a Refund"

AUDIO CREDIT: embedded 44k file, European Birds -- Sounds and Sonograms.

DESIGN CREDIT: GRACK! byline graphic by Bob Farr.

"GRACK!" is © copyright 2002, John H. Farr, all rights reserved

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