Krugman on Oil Price

I’m willing to listen to serious arguments about how speculation might be affecting the price, but you do see a lot of dumb stuff. And this is really, really dumb.

# by stupid-market | 2008-06-24 07:39 | Economy


Contracts for future delivery of dandelions -- once scorned as weeds -- rose 21 percent last week to $6.76 a bushel.


The dandelion boom was inevitable. Oh, something else about dandelions. They're also known as puffballs.

# by stupid-market | 2008-06-19 11:35 | Others

That's Why I Like Buffett

CNN Moneyより:
Protégé has placed its bet on five funds of hedge funds - specifically, the averaged returns that those vehicles deliver net of all fees, costs, and expenses.

On the other side, Buffett, who has long argued that the fees that such "helpers" as hedge funds and funds of funds command are onerous and to be avoided has bet that the returns from a low-cost S&P 500 index fund sold by Vanguard will beat the results delivered by the five funds that Protégé has selected.

# by stupid-market | 2008-06-10 08:54 | Buffett


I love Japan's curry in the same way that a heroin addict loves shooting up. The only significant difference between the two is that eventually, if you stop doing heroin long enough, you are no longer addicted to it. Japanese curry addiction does not leave you even when you move back home. You just spend your days wishing you could eat it again, saving your money so you can fly back to Tokyo and eat more.

# by stupid-market | 2008-05-02 12:55 | Others

Deja vu

Ambac Financial Group Inc., the bond insurer struggling to hold on to its AAA credit rating, has no liquidity issues and the majority of its portfolio is performing well, interim Chief Executive Officer Michael Callen said.

# by stupid-market | 2008-04-25 12:30 | Rating Agency