Weekly Twitter Updates
March 1st, 2009- Back in Spokane after East Coast trip. #
- One portfolio bright spot: Sirius up 140%! Bought a couple hundred shares, so I’ve made a whopping $15, ALMOST enough to cover commissions! #
- China in recent years listed shares of its large state-owned banks & insurance cos on public stock markets. US now owns large parts of ours. #
- Perhaps we should now talk about “Socialism with American characteristics.” #
- And the notion that we should disregard ideological labels and just fix problems is Deng Xiaoping’s “white cat, black cat” line, no? #
- And “feeling the way across the river stone by stone” (mo shi tou guo he) is Paulson’s ad hoc save-this-one-not-that-one approach. #
- Listening to Obama press conf. on fin sector reg. Goodbye, 1933 & 1934 Acts. Goodbye self-ordering market regulation to avoid systemic risk #
- Oh, just discovered Gao Xiqing used the “Socialism w/ Amer. characteristics” line in interview w/ James Fallows. http://tinyurl.com/5gmapp #
- Reading Meltdown by Thomas Woods, a libertarian take on the financial crisis. Blames housing bubble on govt. intervention in the market. #
- All these bailouts, debt-fueled stimulus plans & other interventions based on idea we’ll be be worse off if firms just collapse. Evidence? #
- SNOW in ALABAMA? It’s finally melting in Spokane. http://tinyurl.com/cgvavu #
- Didn’t realize Treas. Sec. Geithner majored in Asian Studies, has studied Chinese & worked for Kissinger Assoc. besides his IMF/Fed jobs. #
- Not sure why but I find HBO’s Big Love quite compelling. Besides CSPAN it’s my must see TV. #
- Buffet: During 2008 I did some dumb things in investments. I made at least one major mistake of commission . . . #
- Buffet con’t:…Furthermore, I made some errors of omission, sucking my thumb when new facts came in that shld have caused me to take ac … #
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