Baltimore — (TFN): With a sick, pregnant wife, it is tough to get a good night’s sleep. Between the coughing, the sneezing, the nose blowing and the five-times-a-night bathroom visits, there’s not a lot of time for rapid eye movement.

That’s okay. It gives me plenty of time to stare at the ceiling and think.

Last night, on the heels of Obama’s speech, I had a lot on my mind. While talking about the military struggles in Afghanistan, the 11-month president looked very “Bushish.” Whether you find that a good quality or not, is up to you.

Baltimore — (TFN): Did you feel it? Just a couple of hours ago, you went into debt for another $106. You never signed any paperwork or agreed to it – a handful of unelected officials took care of that for you – but you’re now on the hook for at least another Franklin.

Earlier today, the Treasury auctioned off yet another chunk of American debt. This time it offered seven-year bonds to the tune of $32 billion. In all, the nation will go in hock for yet another $118 billion this week.

Baltimore — (TFN): Some good friends of mine recently took their TV out to their front yard, put two high-brass shells in their 12 gauge and pulled the trigger.  They rendered the hunk of glass and plastic useless. Called it Alaskan waste disposal.

After last night, I’m ready to get out the 00 buckshot, myself.

I’ve got my eye out for good intentions, gone bad after spending the last three editions of Notes discussing the idea of financial regulatory reform.

Monday

Earnings Announcements: Novellus (NVLS)

You cannot open a newspaper without reading of major job cuts. The banking industry got slammed, now the ripples are spreading throughout the pond.