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July 2011



These morons are actually going to do it

July 30, 2011 – Comments (18)

It's starting to look like these Tea Party Republicans are actually going to force the US into default and ruin the US' credit rating.  [more]



Two Conversations About Debt

July 27, 2011 – Comments (3)

 two separate conversations we need to be having about the debt ceiling; and I feel like some interlocutors are confusing or conflating the two conversations.  [more]



It could happen here

July 26, 2011 – Comments (1)

A history of the 1998 Russian sovereign debt default:

It could happen here.  But I hope it doesn't, because it would be Bad.



A Read on the Economy

July 19, 2011 – Comments (12) | RELATED TICKERS: AAPL , MGM , WYNN

Spent 4 days in Vegas, just got back.  Was staying in the Mandalay Bay.  La Reve, Friday night at the Wynn: full.  (Spectacular show, by the way - if you get a chance, don't pass it up.)  Table 10, Emeril's resto at the Palazzo, Friday pre-theater: about 1/2 full.  The Mandalay on Saturday: absolutely jam-packed, 20+ min wait for elevators; we always stay there and it was the fullest I'd ever seen it.  No special conference that weekend either.  Crystals, the ultra-high-end shops at CityCenter - actually doing some business in Hermes, Tom Ford, Mikimoto - I saw transactions happening.  Shops at Caesar - mobbed.  Cash registers ringing, if they had real bells they'd've been louder than the slots.  Julian Serrano at Aria - what a fantastic meal.  Barely got a reservation - place was jam packed from 6 PM till 11.  Aria itself - jam packed.  The Stratosphere - all 4 craps tables hopping on Saturday night, jam packed.  The Mirage on Sunday?  Jammed.  Even at 113 degrees we fought crowds to look at white tigers and lions.  [more]



More Netflix thoughts

July 18, 2011 – Comments (12) | RELATED TICKERS: NFLX , KO

I posted a few months ago about an article I'd read on the web, which claimed that on peak evening weekday hours in the U.S., 20% of Internet traffic was made up of Netflix streaming video packets.  The usual run of folks piled on, with very wise and learned-sounding commentary about dark fiber and lying with statistics.  [more]



Thursday Thoughts

July 14, 2011 – Comments (1)

I like to take a little time every so often and collect my thoughts.  Here are a few random ones, in no particular order:  [more]



All in, baby!

July 08, 2011 – Comments (2)

Can anyone say "irrational exuberance?"  

I knew you could.

Days like today - ain't they great?  I love 'em. 



You People Are Idiots

July 03, 2011 – Comments (17)

There's a certain kind of commenter on TMF articles who has a very particular criticism to level.  He showed up lately on TMFUltraLong's post about TSLA and P, under the name "ramon123":  [more]



I Opened The Box

July 03, 2011 – Comments (2) | RELATED TICKERS: P

I own some Pandora.  Been a happy client of theirs for a long time.  People who listen to music want what Pandora has to offer, and some folks who listen to music even pay for it.  [more]

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