Scott Burns raises an interesting and terrifying issue--what happens when all those ARMs adjust upwards? I see an "uh oh" in the future...
http://assetbuilder.com/blogs/scott_burns/archive/2007/08/10/the-nitwit-sector.aspx
Also, if financial services is 20% of all market value, what is going to replace it as its percentage shrinks? I don't see any killer apps on the horizon--do you?
"And if an epitaph be my story, I'd have a short one ready for my own: I had a lover's quarrel with the world." -- Robert Frost
Monday, October 20, 2008
Peggy Noonan on Sarah Palin
Peggy Noonan, one of my favorite columnists, has broken party lines and questioned the Republican Party's VP choice:
http://www.peggynoonan.com/article.php?article=438
Talk about a true maverick.
http://www.peggynoonan.com/article.php?article=438
Talk about a true maverick.
The Two-Headed Monster
Denis MacShane, in this quarter's WQ (Autumn 2008, p. 51), reminds us that we desperately need a third party:
I'm reminded of President Julius Nyerere's joking retort decades ago to American visitors who criticized his one-party state in Tanzania. The United States is a one-party state, too, he would say, but since America is so big, it takes two parties to do the job.
Touché.
I'm reminded of President Julius Nyerere's joking retort decades ago to American visitors who criticized his one-party state in Tanzania. The United States is a one-party state, too, he would say, but since America is so big, it takes two parties to do the job.
Touché.
The Three Ideals?
Joshua Kucera had a good line about Greenlandic culture in the Autumn 2008 WQ edition:
Both Danish and Greenlandic cultures "value communitarianism, egalitarianism, and emotional restraint."
It's not as poetic, but to me, it sounds substantively better than France's "Liberté, égalité, fraternité."
Both Danish and Greenlandic cultures "value communitarianism, egalitarianism, and emotional restraint."
It's not as poetic, but to me, it sounds substantively better than France's "Liberté, égalité, fraternité."
Bruce Schneier on Terrorism
I don't usually like Jeffrey Goldberg's articles, but this one is hilarious and tragic at the same time:
http://www.theatlantic.com/doc/200811/airport-security
I couldn’t believe that what Schneier was saying was true—in the national debate over the no-fly list, it is seldom, if ever, mentioned that the no-fly list doesn’t work.
Gotta love Bruce Schneier's honesty and intelligence. Here is his blog:
PinDebit Blog on Visa
The PinDebit blog (pindebit Blog) has a great article on Visa:
http://pindebit.blogspot.com/2008/10/it-all-about-visa-forbes.html
They apparently liked my post on Visa:
http://pindebit.blogspot.com/2008/10/visa-1st-annual-sh-meeting-called-non.html
http://pindebit.blogspot.com/2008/10/it-all-about-visa-forbes.html
They apparently liked my post on Visa:
http://pindebit.blogspot.com/2008/10/visa-1st-annual-sh-meeting-called-non.html
G-7 Redux
The CS Monitor has an interesting article on the economy:
http://www.csmonitor.com/2008/1020/p16s03-wmgn.html
Froehlich suggests the G-7 reflect the "changing global landscape" by adding China, India, Mexico, South Korea, Russia, and Brazil, all with economies exceeding $1 trillion in size, to the current members – the US, Britain, France, Germany, Canada, Italy, and Japan.
Sounds similar to what I suggested in this post:
http://willworkforjustice.blogspot.com/2008/10/g-7-to-rescue-dont-bet-on-it.html
http://www.csmonitor.com/2008/1020/p16s03-wmgn.html
Froehlich suggests the G-7 reflect the "changing global landscape" by adding China, India, Mexico, South Korea, Russia, and Brazil, all with economies exceeding $1 trillion in size, to the current members – the US, Britain, France, Germany, Canada, Italy, and Japan.
Sounds similar to what I suggested in this post:
http://willworkforjustice.blogspot.com/2008/10/g-7-to-rescue-dont-bet-on-it.html
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