Oh The Humanity!

I love soccer.  I loved it when I was a kid and played it, I loved it in Hungary when I lived there, and I loved coaching it as an adult.

Today’s 3-0 defeat to the Czech Republic is the worst thing I have seen on the pitch from the USA.  Ever.

Yes, 1990 was bad.  I laughed at us over that (I was just back from Hungary and knew what good football looked like – and we didn’t play any).  1998 was really bad in France, but we had a bad coach and an old, divided team, so that was about what I was expecting.  Today, though, we have an experienced, solid team that played quite simply the worst match in the entire World Cup.

I’m also watching the Ghana/Italy match, and it is absolutely possible that we will lose to everyone we play this year.

Markets are flat, waiting for some sort of direction from the Fed.  Why not?  Nothing else seems to make any difference.  The economy appears to be good, most of the numbers look good, but there’s this sense of malaise that just doesn’t seem to go away.  I’m afraid it’s going to get worse before it gets better.

Meantime, the 30-year is hanging out at 6.625% and the 15-year is at 6.375%, with the ARMs back in play, especially the 7-year ARM, which is at 6.5%.