Wednesday, May 5, 2010

Mid Week Linkage

Short again on time this evening. Going back to work is not that easy! Some small items and a few links.

Last Post
Reader Anon got my film quote question correct, it was from "The Last Dragon" which is a really fun martial arts film.

New reader Zaloett stopped in all the way from Spain! Hello there!

A few items that caught my eye.

Reader and fellow blogger C-T found a local Louisiana paper that had a great slide show of the big oil spill down there. It is well worth a look as local press coverage tends to be better than national coverage:
Photos and Slide show of Gulf Oil Spill
Great find!

I had mentioned last night that Argentina was a more apt fit when comparing deflation/inflation models to the US than the old school German one of the dumb Zimbabwe one. A comment on Zero Hedge pointed to this essay from the summer:
"The Royal Scam"
Notice the graphs and the time frames of bond market usage. A total default and Argentina was able to go back for funding after just a few years at low rates. And yes, the whole thing happened almost overnight.

I am either suffering from delayed sun stroke or the world is ending as I think I agree with Paul Krugman in his blog today titled:
Greek End Game
I know, shocking!

From the department of totally missing the point, via Barry Ritholtz:
US Greek Bailout Costs? Tiny.
So size matters? What about a debate about the bailout in general? It is super cheap to bailout Bernie Madoff, but is it right? Not the same I know, but in the words of Jedi Grandmaster Yoda:
"Size matters Not!".

For fun, Geekologie has this:
Stephen Hawking Explains How Time Travel is Possible
Which is one way.

Have a good night.


GawainsGhost said...

getyourselfconnected said...

Wowza, I wonder if that is how he titled that post! Too funny, nice pick up.

GawainsGhost said...

Yeah, I thought you might like that one. Steely Dan has long been one of my favorite bands. Incredibly complex and brilliant music and lyrics. There was a time in the early 80s when that was all I listened to. All day, every day.

And The Royal Scam is one of my favorite albums, right up there along with Katy Lied.

I'd recommend cuts from either for Friday Night Entertainment, but I'm on a Sammy Hagar kick right now. Specifically, Red and Rock N Roll Weekend. I keep playing this CD over and over.

And I was at this concert, by the way. San Antonio, 1978.

You're either in the black or the red.

"Come on to bed / Red! Red!/ Give me that expensive spread."

getyourselfconnected said...

The song that comes to mind when i think about your concert exploits is:
"I've Been Everywhere Man".

Lurker said...

This Friday, please play "An Old Fashioned Love Song" by Three Dog Night.

Dave in Denver said...

Is it football season yet?

zaloette said...

Well, nice reading today of your Post and link to the Greek bailout. For an European as I am, any of the options sound frightful but I guess there's no other way to it. I was really shocked when I watch videos of the disturbs in Athens.

Best Regards, Antonio (Zaloette)

regularly scheduled programming said...

Yeah, Krugman has occasional lucid moments.

sedintary state said...

A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC.

Nothing to see here folks. Keep moving.

insanity shelter said...

Now this would be a reasonable role, in my opinion, for a PPT. To stop a panic selling frenzy. At least the matter is debatable.

I was kind of horrified the last 6 months though to think those in charge might have decided that the ppt's role is to continually drive stocks higher.

As for 'human trading error', that's just fodder for the sheep.

getyourselfconnected said...

I will have a post up in a bit on this; quick preview:
I and many others have been called crazy because we believe the tape has been pushed ever higher on ultra low volume futures buying and HFT games. Now a monster 10% drop happens in a few seconds but that is an outlier? You cannot have it both ways folks.