Paul Kedrosky's Infectious Greed

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• Principles of Economics, Translated
• Controlled vs Uncontrolled Defaults
• Trampled by Turtles-Wait So Long
• Kyle Bass on the Euro

Principles of Economics, Translated Posted: 14 Sep 2011 05:59 PM PDT Fun: This posting includes an audio/video/photo media file: Download Now

Controlled vs Uncontrolled Defaults Posted: 14 Sep 2011 05:51 PM PDT Paul Mason: If I borrow £1,000 from you and then, because of spectacular bad luck cannot pay it back, but I come to you and say, “here is £750, can we call it quits?” – that is a controlled default. If I borrow £1,000 from you and you ring me up and you get directory inquiries in the Dominican Republic – that is an uncontrolled default. Right now, Greece’s fate hangs in the balance somewhere between these two. More here via BBC News – What might a Greek default look like?.

Trampled by Turtles-Wait So Long Posted: 14 Sep 2011 05:48 PM PDT Best speed bluegrass ever. Or only. Whatever. This posting includes an audio/video/photo media file: Download Now

Kyle Bass on the Euro Posted: 14 Sep 2011 12:47 PM PDT Kyle Bass from CNBC this morning on the euro: This posting includes an audio/video/photo media file: Download Now

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