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 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]
A history of the 1998 Russian sovereign debt default:
It could happen here. But I hope it doesn't, because it would be Bad.
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]
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]
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]
Can anyone say "irrational exuberance?"
I knew you could.
Days like today - ain't they great? I love 'em.
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 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]