Archive for October 12th, 2008

  • Don’t worry. Skynet will fix it.

    Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, “toxic” financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.
    Somehow the genius quants — [...]

  • I just like these pictures

    Inky, Marley, Yo-Yo and Little Girl Cat, three years ago.

    Marley and Inky.  Marley loves coffee.

  • last stop for the greed train?

    James Wolcott, a Hillary partisan in the primaries, sees a a bright side to the news of late:
    … Even as I wave a farewell hankie at my investment holdings as they sink into the briny deep, I draw spiritual comfort from seeing the McCain-McWinky campaign unceremoniously drown with them. McCain could still win, but the [...]