Set your TIVOs: Tonight’s show (Apr 24, 2009) looks to be a good one:
1. A conversation with hedge fund manager Bill Ackman and Columbia economics professor and Nobel Laureate Joe Stiglitz;
2. A conversation with Lionel Barber, editor of the “Financial Times”
I’ll post the video once the show puts it online . . .
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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April 24th, 2009 at 5:37 pm
Ackman, from what I’ve seen, has been one of the few *Truth tellers throughout this affaire..
Stiglitz, if only for calling BS on the World Bank, deserves our thanks, as well.
Most telling, to me, should be how C. Rose guides the conversation/the questions he asks..
April 24th, 2009 at 6:30 pm
Way to go, Get’em
April 24th, 2009 at 8:59 pm
Also I heard Simon Johnson to be on Bill Moyers tonight, another program to TIVO
April 24th, 2009 at 9:43 pm
Barry whats with all these Russian bloggers quoting pieces of your posts in the comments section? Are they trying to spam you or something?
April 25th, 2009 at 12:36 am
Barry’s blog appears to have attracted the attention of a Russian bot …wonder what the probe is attempting to accomplish.
April 25th, 2009 at 12:58 am
Completely off topic.
How is New York City doing? I’m coming for a visit in May and curious if ther is a noticable difference in activity.
April 25th, 2009 at 7:05 am
BR, those plans on the BP site for the F-35 on the site might explain the Cyrillic.
…didn’t anybody “tell” those bots know that this WSJ BS about stolen plans to secret weapons are a bunch of placed pieces in a turf war between Homeland Security Dept’s National Cyber Security Center NCSC and the NSA?
April 25th, 2009 at 7:45 am
VD,
if it were so. more like another log on the fire to fan the flames of ‘Internet insecurity’..
Welcome Internet2/”Secure Computing”.
~~
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge — even to ourselves — that we’ve been so credulous.” — Carl Sagan
April 25th, 2009 at 9:36 am
These Russians made me glad I installed Sandboxie on my PC. Now my browser operates in sandbox that looks like a real PC to the program running inside it. If anything bad were to enter, it would stay in the sandbox, which gets secure deleted via Eraser, automatically, when I close it. KeyScrambler Personal kills any keylogger that might have sneaked in. Plus normal internet security software is installed. I am invincible.
April 25th, 2009 at 9:38 am
I suppose if I were really paranoid, I could be running all that a virtual PC, such as VMWare or Microsoft Virtual PC.
April 25th, 2009 at 9:43 am
dh,
just remember: on the web, there Always a string.
if you want ’safe computing’, buy an Abacus.
http://www.ee.ryerson.ca/~elf/abacus/
April 25th, 2009 at 9:50 am
@dead hobo
Any thoughts about the need to do the same thing for MACS?
April 25th, 2009 at 10:01 am
Myr,
I don’t know. MACS are /were basically Linux.Basic security in Linux makes it a lot safer if you don’t sign on as the administrator. I’m not as fluent in Linux anymore so I really don’t know. I suspect a keylogger could be installed regardless if someone weren’t careful or had a nosy friend.
April 25th, 2009 at 10:41 am
dh,
do some more research, ‘keylogger’ need not be installed.
in a way, when you ‘type’ you’re playing an electronic xylophone..
those freqs can be picked up remotely by someone on the street outside of your house
remember, the 21st C. is here.
see: http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=electronic+keystroke+logging+by+frequency
JC! even wikipedia will tell you..
Hello! R.I.F. http://www.rif.org/
April 25th, 2009 at 10:44 am
Watched the first half this morning. The big take away I took was the brief comment about the current market trading. With Bear and Lehman gone there is less competition. The broker dealers are basically naming their price (implied GS). This was mentioned on how some of the “banks” are enhancing their earning through their trading desks and not through more traditional means.
Another item I saw which I really hadn’t followed is the amount of FDIC insure bonds that these banks are issuing.
April 25th, 2009 at 1:02 pm
It’s obvious that the bondholders at the big banks have a stranglehold on the U.S. government. What’s less obvious is how they acquired that power, and how, exactly, they exercise it. Do the bondholders simply provide (to the politicians) briefcases filled with $100 dollar bills? Or is it more complicated than that?
April 25th, 2009 at 1:14 pm
Barry, turn off “pingbacks” in Wordpress. It’s basically used for link spamming..