gdp's Comments

Paul Kedrosky: Infectious Greed : The New Fear of Intimacy

Sun, 3 Jul 2011 07:14:39 +0000

I agree with Andrew and object fully to a view the digerati are replacing meetspace with FB, twitter, et al. I see 100% opposite. Of Course, F2F continues to be the most valuable way to spend our time with any human(s). More and more of my friends have relegated FB to photosharing and Twitter to self promotion, knowledge sharing, & meme monitoring. I believe --moving forward- only communications occurring off of this social (public) grid will be valued and desired. I dont have any studies to back this up but I challenge you to tell me about the last extremely important information you learned in a public (non private) setting. It doesnt happen.

Paul Kedrosky: Infectious Greed : Who Gets Rich(er(est)) From a Groupon IPO?

Mon, 6 Jun 2011 02:01:49 +0000

It appears (from eyeballing it) that *almost* all creatives/entrepreneurs get screwed and the commodity dollar providers and LPs make out like bandits. Lesson: If we could just get more people throwing money around, the innovation will accelerate like gangbusters!!!! ha ha

Paul Kedrosky: Infectious Greed : China's Shift: Sleeping in Internet Cafes

Tue, 17 May 2011 07:29:46 +0000

Gaming? YES. Porn? Absolutely forbidden in EVERY internet cafe I visited in my 3 weeks in China. I traveled across the country and there is NO PORN being viewed. There are actually state monitors walking up and down the aisles while you surf the internet. They are looking over your shoulder and YES the Great Firewall of China does exist and is very effective at censoring BOTH political (negative Chinese stories) and pornographic sites. Believe that.

Paul Kedrosky: Infectious Greed : America in the World

Sun, 20 Feb 2011 23:11:29 +0000

Let's see some real information. Pings of current statistics show _nothing_. How about a time line. How about some causality. Heck, how about some correlations. Nahhh, too hard. It's horrible here, it better most places!. Our readers aren't inquisitive. Bahhh!!!!

Paul Kedrosky: Infectious Greed : Field Notes

Thu, 17 Feb 2011 09:50:19 +0000

Taibbi is here -- as ALWAYS- a talented writer (a little left for me) but why not go for the meat, Matt. Goldman Sachs (according to Michael Lewis's brilliant The Big Short) is the Meat. They defrauded AIG into insuring subprime paper. They created the market shorting Credit Default Swaps. They created synthetic short CDS when the market was not liquid enough (created and sold short securities that were not shortable bc no one would loan them). They shorted the large IBs until the contagion spread to their shares and they ran to Mommy (US) to stop the pain. There was a lot of crime to go around but isn't FRAUD the easiest to prosecute. They committed fraud.

Paul Kedrosky: Infectious Greed : The Shorter Bill Gross

Tue, 12 May 2009 01:35:25 +0000

You travel in the same circles as Buffet? You work in a high end hotel? ....PuhLeeeze... Don't confuse Buffet's upside goals for his shareholders as subscribing to the scat you shite...

Paul Kedrosky: Infectious Greed : China's Statistical Factory

Tue, 12 May 2009 01:26:31 +0000

The Chinese will *LEAD* (snicker) the Globe in the post American Centuries from what I hear in the comments here and elsewhere. I have nothing but high regard for the Communist Party, these crony capitalists (used to be bad word , til Obama did it) and single minded.. ...aka murdererous... business genuises Own the future from what I hear. They Make stuff ! If their accounting system differs with the West it is by design and a Competency.

Paul Kedrosky: Infectious Greed : The Shorter Bill Gross

Wed, 6 May 2009 03:18:43 +0000

Wow! Free Market support is now equal to facism OR "small-town right"??? (thanks Mustard!) Hilarious...I guess, if u don't believe in free markets. Paul is smart enough (though his dinner party circuit wont allow, not that his position is tenable) to understand what the current Obamatrons have wrought but everyone else w/out pressure should Wake the F Up. Obama was Never the Messiah, his decisions are NOT ALWAYS right. IF you think they are, you are an Idiot. Bill Gross understands this, as does Buffet and virtually Every other large investor out there. Wake the F Up.

Paul Kedrosky: Infectious Greed : China Says U.S. Needs Adult Economic Supervision

Fri, 24 Apr 2009 04:49:37 +0000

Geeze I wish IntenseDebate had a "block commenter" widget for visitors.... Debate is healthy, but you can't have a true debate with the NPD afflicted. Somebody needs some help. Great Blog Paul! Great Twitter too!

Paul Kedrosky: Infectious Greed : The Big Takeover: AIG, The Fed, etc.

Sat, 21 Mar 2009 07:04:17 +0000

Paul, I luv ya BUT, did you just reference Rolling Stone???? Seriously, I do know it is Matt Taibbi who is a whip SMART wack job that is as ELOQUENT, opinionated, and certain of his opinions as they come. A REALLY smart guy..... for a journalist. I like reading him every once in a while and he is very critical (EVERYTHING is STUPID) of everyone without many solutions of his own. However he participated in one of the most satisfying television moments of my life on Bill Maher: Taibbi, Bill Maher & Mark Cuban and their partisan spouting were literally obliterated by the late Tony Snow and his truly AMAZING intellect. Tony knew every stat (that they did not) and caught every fabrication cold in its tracks. True Genuis doesn't have to yell 'Fire: in the theatre... BTW: That's what this "Depression" Is and I know you are seeing that by now with your investments....I am.

Paul Kedrosky: Infectious Greed : Michael Lewis: The End

Fri, 14 Nov 2008 03:01:19 +0000

Reading the description of how the brokerages were creating synthetic CDOs for sale and short was jaw dropping , and immediately understood.... simultaneously,,, therein lies the problem... I read this article after the Gladwell article in the New Yorker "“I don’t think anybody was being venal or corrupt. It’s not a scandal as we normally understand scandals,” he says. “It’s a case of the system being, the risk models being broken, the system not functioning as it should, regulation not being appropriate to what people were doing.” Tinker with the risk models, increase the regulatory structure, Gladwell says, and the problem is solved. That may not be as emotionally satisfying as punching out a CEO on a treadmill, but it’s a lot more comforting." http://www.printthis.clickability.com/pt/cpt?acti... WOW. f'ing WOW.

Paul Kedrosky: Infectious Greed : RNC/DNC: Crisis? What Crisis?

Sat, 6 Sep 2008 07:41:31 +0000

Conventions are commercials (MTV videos in the DNC case) designed to attract voters. Bad economy is as close as either party will go the credit mess for fear of losing viewers. Plus McCain (w his Substantial real estate holdings) & Obama (with his felonious real estate buddies & shady deals ) probably dont wanna really bring this up.

Paul Kedrosky: Infectious Greed : The End of Naive Contrarianism

Mon, 30 Jun 2008 23:17:34 +0000

Reflexive contrarianism can never win long term and will be proven wrong quickly however: " the market's investing pack is usually right:" is generous if not reckless. I still consider myself contrarian if polled though most don't hold me to it and simply call me difficult or cantankerous

Paul Kedrosky: Infectious Greed : China's Cement Fixation

Tue, 17 Jun 2008 20:19:35 +0000

I think the most interesting part of this cool crowdsourcing is how much larger China's cement (or seement as they say here in Texas) production has been for the entire data set and how small their GDP remains. BTW I am betting most of the US Cement is probably made in Mexico by that rich guy whose name escapes.