Tumblr is where tens of millions of creative people around the world share and follow the things they love.Sign up to find more cool stuff to follow
Here’s a demo for “Borrowing” guys.
It still needs alot of production work.
We’re gonna slow it down, clean up the guitars, timing, etc.
But this version is just me, and some guitars. no effects. nothing.
Thought you might want to peep it a bit early.
UPDATE 1-Italy borrowing costs fall but investors wary
* First long-term debt sale after Fitch, Moody’s downgradesBy Valentina ZaMILAN, Oct 13 (Reuters) - Italy’s five-year debt costs fell at auction on Thursday helped by a more optimistic outlook for the euro zone debt crisis but there were signs investors are still wary of Italian bonds after two ratings downgrades in less than a week.The country’s towering debt pile and ailing growth rates have made it a focus of the crisis and Moody’s and Fitch cut Italy’s credit-ratings last week following a similar move by Standard & Poor’s in September.Domestic politics has created further uncertainty with Prime Minister Silvio Berlusconi facing a confidence vote in his government on Friday.Italy sold 6.19 billion euros of debt at the auction, close to the top of its target range.Despite solid demand at the sale, yields remained under pressure in the cast bond market and the European Central Bank stepped into the secondary market after the auction, buying Italian debt to cap rising yields.”Overall, then, a reasonably positive outcome but with the still relatively elevated level of borrowing costs underlining the imperative of continued support from the ECB,” said Richard McGuire, a rate strategist at Rabobank in London.Requests for the four bonds on offer totaled more than 9 billion euros. The auction yield on a five-year BTP bond eased to 5.32 percent from a euro lifetime high of 5.6 percent Italy paid a month ago.Market pressures have pushed Italian bond yields over the summer towards levels that could in the long-term threaten the sustainability of the country’s 1.9 trillion euro debt.In a sign of continued tensions, the yield on the 10-year BTP bond on the secondary market rose to its highest level in over two months ahead of Thursday’s auction.Selling a 15-year bond for the first time since mid-July at Thursday’s auction, Italy tested market appetite for a long maturity which traders say is not covered by the ECB’s bond buying programme.It sold nearly 1 billion euro of an off-the-run 2025 bond.”The bid/cover of the 2025 looks OK,” said David Schnautz, a rate strategist at Commerzbank in London.”But I don’t feel very encouraged looking forward for the ultra-long supply, especially towards year-end from Italy.”ECB’s purchases target mainly the five- to ten-year area, traders say.Italy last sold a 30-year bond in May.Italy plans to issue around 75 billion euros in the last quarter of the year, roughly equally split between short-tem bills and bonds.Rome has raised more than 16 billion euros this week.With a make-or-break summit of European leaders on Oct. 23 at which a comprehensive new Franco-German crisis plan is expected to be discussed, Italian domestic political turmoil has taken less prominence in investors’ minds.Friday’s confidence vote comes after Berlusconi’s centre-right government lost a key vote in parliament.Analysts said the government was unlikely to fall immediately but its ability to take action would be constantly hampered by internal disputes.
“Plato, too, like every great man, consumed his own times. What is a great man but one of great affinities, who takes up into himself all arts, sciences, all knowables, as his food? He can spare nothing; he can dispose of everything. What is not good for virtue, is good for knowledge. Hence his contemporaries tax him with plagiarism. But the inventor only knows how to borrow; and society is glad to forget the innumerable laborers who ministered to this architect, and reserves all its gratitude for him. When we are praising Plato, it seems we are praising quotations from Solon and Sophron and Philolaus. Be it so. Every book is a quotation; and every house is a quotation out of all forests and mines and stone quarries; and every man is a quotation from all his ancestors. And this grasping inventor puts all nations under contribution.”—Emerson, “Plato: or, the Philosopher”
Pointless Rant #1
Look, I have no problem sharing with certain people. It is almost like a formality. You say something like, “May I use _________?” and I respond, “Of course.” and the wheels continue to turn. But what I do mind is when someone assumes that they can just use my shit whenever they want. If you ask to borrow something and begin to reach for it, as if I have to let you borrow it, the answer turns from “yes” to “no” with the snap of a finger. Or to use something of mine without even asking like, “What, were you going to say no?”, well, I wasn’t before, but now I am seriously tempted. The notion that I am somehow obligated to turn my shit over to you for whatever reason, it seems a bit pretentious. Who the fuck do you think you are? But that’s just me.
This post is subject to change as other content comes to mind.