naked capitalism

doc holiday says:

This is a visual metaphor for Abby Joseph Cohen and the fact that sleeping dogs must lie.

RE: “Not all dogs dream equally. Research suggests that small dogs dream more than larger dogs. A Toy Poodle may dream once every ten minutes while a Golden Retriever may only dream once every 90 minutes. Dreaming also seems to occur more frequently in puppies. This may be because they are processing huge quantities of newly acquired experiences.

What do dogs dream about? Since no dog has ever told anyone about a dream he’s had, we can only guess. It’s likely that dogs dream in a similar fashion to humans, replaying the everyday activities that make up their existence, like chasing, playing, and eating. If you’ve ever been tempted to wake your dog during a dream, try and resist. It’s best to “let sleeping dogs lie.” Dogs, like humans, need uninterrupted sleep for healthy mental activity.”

Our Best Friends Do Have Dreams.
http://media.herald-dispatch.com/blog/myers/2008/10/our-best-friends-do-have-dreams.html

Anonymous says:

“Hedge fund manager slams ‘idiot’ bankers Financial Times. Andrew Ladhe exits with a very successful record and savages the industry. Read the full text of his final letter to investors.”

The bulge bracket bankers weren’t idiotic. The BBBs knew exactly how risky their trades were for their clients and the public, but the BBBs did them in spite of that because it made them money. Given that Lahde was in the business for a fast buck and quick retirement, Lahde probably would have done the same thing as an efficient way to make quick money, and damn the consequences to shareholders, clients, or the public.

Anonymous says:

‘This is what happens when one is measured for a sarcophogus when one is still a growing puppy’.

Anonymous says:

The use of the 9/11 attack as a political weapon by both major political parties is old news.
The political corruption in America has reached levels that will require something other then more of the same.

Don says:

"China is the future of the world," Zardari said"
From the Washington Post:

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/17/AR2008101702964.html?hpid=topnews

"Investors who helped build the financial boomtowns of developing countries in recent years are now fleeing them, threatening to destabilize burgeoning economies and drag the world into a deep recession…

"There has been tremendous redistribution with the credit crunch. People are selling their higher risk assets — and emerging market equities qualify as higher risk," said Alec Young, international equity strategist for S&P Equity Research in New York."

This is bad news. We're managing to take everyone with us.

Check this out:

"Perhaps the only major economy that remains robust despite the crisis is China…

"China is the future of the world," Zardari said, according to the official state news agency. "A strong China means a strong Pakistan."

I guess we know where Pakistan stands.

By the way, thanks for the Guardian reference.

Don the libertarian Democrat

polit2k says:

@ dearieme, LOL.

Economic Computer Games says:

Mark to market is not perfect but it is the best way to determine the value of assets bar none. Anyways, changing it now will only cause the crisis to extend itself because everybody will know that any sudden revaluations of the books will look fake and undermine confidence in good and bad institutions. In the future we need regulation of all financial instruments, create counter-cyclical capital requirements for banks and try to convince Asian countries that should not hoard their dollar reserves but use them to create consumption during the coming recession. An easy way to do this would be to float their currency but because that is unlikely to happen, perhaps large scale infrastructure investment or tax credits can be used to pump their economies.

Whatever we do, we are in the tank for at least 2 years. Three cheers to bargain hunting until then and selling when the markets return to a high in 2010! Hopefully this time it will be Asian led consumption and Western lead investment.