Worst-case scenario: Foreign central banks stop buying US paper, and US inflation shoots up. Paulson message to foreign central banks (especially China): "We're too big to fail and you have no choice except to continue buying US paper to keep Chinese employed. You're screwed! So shut up and grin and bear it!" - Paul Denlinger via Bookmarklet
“I know I am going to the geeky side when I prefer to use a text editor (Textmate) to a word processor (Word) because the text editor allows me to work as fast as I think.”
“Victor Wang, a banking researcher at UBS Securities Asia, said that Chinese banks, the largest foreign holder of agency debt, did not know how to read the possibility of a Treasury intervention. "Very few have full confidence of that," he said. "It's a 'may.' And 'may' means uncertainty. That's some”
These RNC attendees are true Americans because they don't know how to spell. Not like those Obama elitists who think that things like edukation ar impurtant to keep Amerika competitiv. Hah! - Paul Denlinger via Bookmarklet
“Listening to RNC speeches. This is a fairy tale telling contest for the speakers. This is like Disneyland meets right-wing politics. Has nothing to do with reality AT ALL. All you need is Minnie Mouse to talk about right to life.”
Is Chxnxy determined to run the US military into the ground with his policy over-commitments or what? Obviously he thinks that the US military has more time, people on its hands to defend Georgia from Russia. Good call, Dick! - Paul Denlinger via Bookmarklet
Good article on McCain's rocky relationship with the Republican party. Sounds like Palin was forced down his throat because his team had vetted Pawlenty, who seems halfway intelligent and sane (unlike Palin). Maybe McCain woke up with a horse's head in his bed? - Paul Denlinger via Bookmarklet
