IntenseDebate

17 years ago @ Paul Kedrosky: Infecti... - Blackjack, Banking, an... · 0 replies · +1 points

The question is: Did the US banking system really take on that much risk? If you know that your too big to fail, is it still risk or a license to steal?

17 years ago @ Paul Kedrosky: Infecti... - China's Statistic... · 1 reply · +1 points

I believe that it was Martin Luther that stated, "Reason is a whore." The only reason that he said that was because Reason's sluttier sister; Statistics, wasn't available at the time.

17 years ago @ Paul Kedrosky: Infecti... - Personals Checks, and ... · 0 replies · +1 points

I always pay my bills by check. While I don't get the canceled check back, I do get a scanned image. This was invaluable last year, when Toyota Finance conveniently lost a prepayment. The codes stamped on the back told my bank everything it needed to prove that Toyota cashed the check.

17 years ago @ Paul Kedrosky: Infecti... - Cliche Watch: Less Wor... · 0 replies · +1 points

"implied volatility indicates X is stabilizing" - The only thing implied volatility indicates is that Black-Scholes is flawed.

"manufacturing capacity/inventory improvements"- The only time industrial inventories are accurate is at audit time.

"Bottoming process"- Like we've really been here before enough to make a process of it.

"It's only kinky the first time" - No matter how many times the prosecutor uses the phrase, "midget dominatrix," it still sounds bad.

17 years ago @ Paul Kedrosky: Infecti... - Are U.S. Investors Pat... · 1 reply · +1 points

Optimism is one explanation. But the idiocy of autopilot is the one that I prefer.
http://www.ici.org/stats/mf/flows_data_2009.pdf

17 years ago @ Paul Kedrosky: Infecti... - Hanz and Franz, and th... · 1 reply · +1 points

Let me see if I've got this right. Retail investors get hosed by the market. Institutional investors get hosed by the market. I think I just deduced the meaning of life: We are only here for GS's benefit.

17 years ago @ Paul Kedrosky: Infecti... - China Says U.S. Needs ... · 0 replies · +1 points

I think we are all misinterpreting the phrase "adult economic supervision." Upon reinspection, it's clear that the Chinese are pushing to have Ron Jeremy installed as the next Fed chairman.

17 years ago @ Paul Kedrosky: Infecti... - China Says U.S. Needs ... · 1 reply · +1 points

I expect that a very enthusiastic discussion regarding IMFing the US is taking place in Washington and Wall Street, as well. The privatization of monopolies like public services is too lucrative of a gravy train to be neglected.

17 years ago @ Paul Kedrosky: Infecti... - Credit Card Offers and... · 0 replies · +1 points

I miss the 0% offers. The last one I received was from Wachovia, which I accepted. They sent the checks that proclaimed that I could use them "like cash" with no interest for 9 months. They weren't fooling. I wrote one for $10k to myself and bought a $10k, 6mo CD for from Wachovia. I like easy money.

17 years ago @ Paul Kedrosky: Infecti... - Sunday Drive-By Economics · 0 replies · +1 points

In Baltimore, we're seeing inflation emerging in staples. We're seeing more open houses, but it's spring, so that's expected.

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