Should have folded KK Part VII

I thought for a bit but did end up folding. Obviously, the min bet confirmed he had an Ace. He flipped it over and showed AJ after I mucked...





Hope everyone has a safe and HAPPY THANKSGIVING!

All. My. Friends. Know the LOW RIDER

Rates are low, low, low...

Check out these graphs. The first one is courtesy of the Federal Reserve Bank of Saint Louis . It shows the average 30 year mortgage rates since 1970. I've marked the approximate dates of the Refi Boom; a time when some people would refinance their house 2 or 3 times over the course of A year.

The second graph (courtesy of Yahoo Finance) shows the 10 year treasury rates over the last 2 years. It corresponds with the shaded area of the top graph. Mortgage rates used to parallel the 10 year treasury pretty closely. Not anymore. No one really knows right now, how to predict the rates. You can see over the last 2 months how volatile the rates have been.

The 10 year Treasury is at it's lowest point ever. EVER! Lowest ever and it is threatening to go below 3%. But the 30 year mortgage rates are NOT at their lowest points ever. I underlined the lowest point from April, 2003 in green. You can see it is still a bit lower than today's rates, yet the 10 year is at record lows. Don't get me wrong, the 30 year rates are dropping. We might see record lows soon.

The Treasury rates are low, the Fed Funds Rates are low, so the Lending Institutions (the Banks) can pass along low rates to generate more loans, to generate more spending.... However, lately the Banks have been keeping the spread wider and trying to make up for their losses by pocketing that difference rather than passing it along to the borrowers.

AND they are begging for bailout money. It's a sick mess.

One thing I do know is that spending will help. Spend, spend, spend. As a family man, father, husband, provider, etc., I am inclined to save even more now to protect what I have in a rough economy. But this economy needs cash flowing. I guess we will see what this Holiday Season brings. I hope you buy everything you want for Christmas ; )

Oh, and if you haven't done so today already, be sure to google: Elephantitus of the Nuts

Stay Patient...

Technology Facts that will blow your mind...

Thank you

Thank all you donkeys who called my reraise when you thought I was bluffing. Thank all you donkeys who thought going all in with 88, 99, or K10 was a good idea. Thank all you donkeys who donated.

I cashed out a part of my bankroll to pick up this new laptop: 17" "desktop replacement". The 20" laptops are out, but at 2K I figured I could slum with a 17" for awhile. The great thing about these is that they have the added keyboard numbers on the right hand side, just like you'd find on a desktop. I love that for placing my bets. For $699 it was a steal!



Stay patient...

Every little bit counts

This was a nice little score for me. I was in 4 tournaments at once and took 1st in this one with 238 players and 1st in a 45 player, but couldn't cash in the other two that both had 4figure payouts. At least taking first in 2 was a nice boost of confidence.




Stay patient....

He's done it again! Sprstoner took down the $150 rebuy for $67K this time. Check out his score here: Sprstoner Big Win

I really enjoy the rebuy tournaments and hope to see the same kind of results someday. I took down the $50 rebuy but am not quite ready for the $150's level yet.

Go congratulate Sprstoner...

Stay patient...

The First HAWK tournament

Thanks to everyone for playing. It was pretty cool to know everyone that was playing. I set up a private tournament for people from the Saint Louis area only. We had 4 players at my house: Myself (Jamyhawk), My wife (Hawkette), My neighbor (Andybel142), and my son (Big0face). Here's how it looked:

It was pretty funny when my neighbor pushed all in on my son and he was dying to look around at his laptop and see if he should call or not.

Bowie 300 is the first to go out:

Stl_phily's aggressive play takes him out next:

Next, I take out my wife, proving there is no love in poker:

Andybel and my son both go out on the same hand and it is the last hand at their table so I don't get a chance at a screenshot.

The young Ohlsen is out after a coin flip goes my way:

Bill knocks out Dave with the un-foldable hand:

The senior ohlsen takes out a short stacked Tom:

Rich takes out Senior Ohlsen:

I've turned up the aggression, but get caught and Rich takes me out:

Joe knocks out Bill on a miracle river card:

The final hand gives it to the Closer!

Thanks again for playing. We'll do it again next month.