en-us https://www.intensedebate.com/users/341225 Comments by OSR http://paul.kedrosky.com/archives/2009/05/blackjack_banki.html#IDComment21679075 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? Sun, 17 May 2009 02:05:46 +0000 http://paul.kedrosky.com/archives/2009/05/blackjack_banki.html#IDComment21679075 http://paul.kedrosky.com/archives/2009/05/chinas_statisti.html#IDComment21273048 I believe that it was Martin Luther that stated, &quot;Reason is a whore.&quot; The only reason that he said that was because Reason&#039;s sluttier sister; Statistics, wasn&#039;t available at the time. Tue, 12 May 2009 01:12:25 +0000 http://paul.kedrosky.com/archives/2009/05/chinas_statisti.html#IDComment21273048 http://paul.kedrosky.com/archives/2009/05/personals_check.html#IDComment21179030 I always pay my bills by check. While I don&#039;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. Sun, 10 May 2009 12:05:10 +0000 http://paul.kedrosky.com/archives/2009/05/personals_check.html#IDComment21179030 http://paul.kedrosky.com/archives/2009/05/cliche_watch_le.html#IDComment21127736 &quot;implied volatility indicates X is stabilizing&quot; - The only thing implied volatility indicates is that Black-Scholes is flawed. &quot;manufacturing capacity/inventory improvements&quot;- The only time industrial inventories are accurate is at audit time. &quot;Bottoming process&quot;- Like we&#039;ve really been here before enough to make a process of it. &quot;It&#039;s only kinky the first time&quot; - No matter how many times the prosecutor uses the phrase, &quot;midget dominatrix,&quot; it still sounds bad. Sat, 9 May 2009 11:47:06 +0000 http://paul.kedrosky.com/archives/2009/05/cliche_watch_le.html#IDComment21127736 http://paul.kedrosky.com/archives/2009/05/are_us_investor.html#IDComment21042233 Optimism is one explanation. But the idiocy of autopilot is the one that I prefer. <a href="http://www.ici.org/stats/mf/flows_data_2009.pdf" target="_blank">http://www.ici.org/stats/mf/flows_data_2009.pdf</a> Fri, 8 May 2009 07:52:17 +0000 http://paul.kedrosky.com/archives/2009/05/are_us_investor.html#IDComment21042233 http://paul.kedrosky.com/archives/2009/04/hanz_and_franz.html#IDComment19976570 Let me see if I&#039;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&#039;s benefit. Mon, 27 Apr 2009 01:12:59 +0000 http://paul.kedrosky.com/archives/2009/04/hanz_and_franz.html#IDComment19976570 http://paul.kedrosky.com/archives/2009/04/china_says_us_n.html#IDComment19379321 I think we are all misinterpreting the phrase &quot;adult economic supervision.&quot; Upon reinspection, it&#039;s clear that the Chinese are pushing to have Ron Jeremy installed as the next Fed chairman. Sun, 19 Apr 2009 23:18:46 +0000 http://paul.kedrosky.com/archives/2009/04/china_says_us_n.html#IDComment19379321 http://paul.kedrosky.com/archives/2009/04/china_says_us_n.html#IDComment19280875 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. Sun, 19 Apr 2009 03:20:42 +0000 http://paul.kedrosky.com/archives/2009/04/china_says_us_n.html#IDComment19280875 http://paul.kedrosky.com/archives/2009/04/credit_card_off.html#IDComment18705702 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 &quot;like cash&quot; with no interest for 9 months. They weren&#039;t fooling. I wrote one for $10k to myself and bought a $10k, 6mo CD for from Wachovia. I like easy money. Tue, 14 Apr 2009 04:16:34 +0000 http://paul.kedrosky.com/archives/2009/04/credit_card_off.html#IDComment18705702 http://paul.kedrosky.com/archives/2009/04/sunday_drive-by.html#IDComment18230356 In Baltimore, we&#039;re seeing inflation emerging in staples. We&#039;re seeing more open houses, but it&#039;s spring, so that&#039;s expected. Mon, 6 Apr 2009 04:36:49 +0000 http://paul.kedrosky.com/archives/2009/04/sunday_drive-by.html#IDComment18230356 http://paul.kedrosky.com/archives/2009/03/abc_fbi_prosecu.html#IDComment17886594 It&#039;s about time they found a new distraction. Tue, 31 Mar 2009 00:11:32 +0000 http://paul.kedrosky.com/archives/2009/03/abc_fbi_prosecu.html#IDComment17886594 http://paul.kedrosky.com/archives/2009/03/caption_contest.html#IDComment17713867 It has been 6 long, tumultuous since the September crash. In that time, the administration has implemented many bulwarks to the financial system to ensure continued stability and prosp.....aww, Jesus. I can&#039;t do it with a straight face. Yeah, we&#039;d never thought you clowns would buy it, but here we are: still employed and richer than hell. Fri, 27 Mar 2009 21:45:25 +0000 http://paul.kedrosky.com/archives/2009/03/caption_contest.html#IDComment17713867 http://paul.kedrosky.com/archives/2009/03/is_this_obamas.html#IDComment17379484 Obama&#039;s selection of Joe Biden told me everything I needed know. Sun, 22 Mar 2009 05:04:30 +0000 http://paul.kedrosky.com/archives/2009/03/is_this_obamas.html#IDComment17379484 http://paul.kedrosky.com/archives/2009/03/readings_2.html#IDComment16261139 Your link about CDSs was interesting. By taking a large CDS position against a company&#039;s default, wouldn&#039;t I cause my counterparty to short the company to hedge, which ultimately helps my position. I&#039;m going to have to think about that one for awhile. Fri, 6 Mar 2009 01:12:42 +0000 http://paul.kedrosky.com/archives/2009/03/readings_2.html#IDComment16261139