Michael B. Duff

Lubbock's answer to a question no one asked

links for 2010-11-30

  • Yet ANOTHER Zerohedge classic showing up on Balloon Juice! You guys are going to rue the day you told me to read your liberal blog. Another day, another libertarian conspiracy theory adopted by the other side. What's next, a Mises link?
  • QUOTE OF THE YEAR: "Then, with some exceptions, we have the group which — so very revealingly — is the angriest and most offended about the WikiLeaks disclosures: the American media, Our Watchdogs over the Powerful and Crusaders for Transparency. On CNN last night, Wolf Blitzer was beside himself with rage over the fact that the U.S. Government had failed to keep all these things secret from him…"
  • I finally found it! The most insightful article I've read in 10 years, originally posted in 2001. I think this article explains, better than anything where our culture is headed as these kids come of age. "They are disconcertingly comfortable with authority. That's the most common complaint the faculty has of Princeton students. They're eager to please, eager to jump through whatever hoops the faculty puts in front of them, eager to conform."
  • For this, there’s only one similar example. It’s like the Enron emails. Why were these so valuable? When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.
  • "These messages criticizing other world leaders and revealing how diplomats use, you know, diplomacy to get shit they want is stuff we really don't need to know."
    (tags: wikileaks)
  • According to a Google News search by New York Times blogger Nate Silver, Palin's name has been mentioned in about 20,300 articles this year, compared with 3,640 for Romney, 3,280 for Newt Gingrich, 2,980 for Pawlenty and 1,870 for Mike Huckabee. She has been Googled six times as often as these four gentlemen combined.
  • This morning Europeans once again are reminded that the best performing asset in 2010, on an absolute and relative basis, continues to be gold, as EUR-denominated gold passes its all time high yet again.
  • "In order for there to be a market, there has to be information. A perfect market requires perfect information." — Julian Assange Bonus quote: "So as far as markets are concerned I'm a libertarian, but I have enough expertise in politics and history to understand that a free market ends up as monopoly unless you force them to be free."
  • Big confirmation on the US Dollar today. DXY0 is now poised to rocket much higher, even if it takes a correction near-term. Euro is inverse the dollar, so a plunge is imminent. If DXY0 breaks 83.6 to the upside and/or EURUSD breaks 1.258 to the downside, then it's off to the races: USD will make new highs and EUR will make new lows in short order after that. However, I think the race has already started and USD has already taken a clear lead. The USD carry trade is in grave danger of coming completely unwound in short order. Trillions of dollars worth of short positions are bleeding traders white right now, and that's only going to get worse. The potential is there for the mother of all short squeezes in USD.
  • Trying to buy the 364 items repeated in all the song's verses — from 12 drummers drumming to a partridge in a pear tree — would cost $96,824, an increase of 10.8 percent over last year, according to the annual Christmas Price Index compiled by PNC Wealth Management.
  • The best protection? With a dash of irony Icelandic Wiki­Leaks staffer Kristinn Hrafnsson suggests that companies change their ways to avoid targeting. “They should resist the temptation to enter into corruption,” he says. Don Tapscott, coauthor of The Naked Corporation (Free Press, 2003), agrees. His simplistic conclusion: “Open your own kimono. You’re going to be naked. So you have to dig deep, look at your whole operation, make sure that integrity is part of your bones.”

Written by Michael B. Duff

November 30, 2010 at 23:01

Posted in Uncategorized

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