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Commentary

Readings: Japan, Expert Advise, Sec Theater

Japan, after the bubble. An old piece but amazingly informative about how real estate screwed that country. In the same context, WSJ on the London Real Estate Bubble.

Moneylife finds that expert advise is often wrong, with a recent example. Forecasting is such a joke.

Chastity, Poverty and Obedience in store for Ireland.

Oh, and they’re blaming the Sensex 1.3% fall on Korea’s tensions. Forget that – the stock went up 1.5% on Monday, I suppose because then the Koreans weren’t tense. And it was down Friday because the Koreans got a foot massage. This reason attribution is so silly.

Hilarious: The TSA in a US airport confiscates a pair of nail clippers from a soldier travelling with a rifle. It can’t get better than this:

Soldier: Why?

TSA Guy: They can be used as a weapon.

Soldier: [touches butt stock of the rifle] But this actually is a weapon. And I’m allowed to take it on.

TSA Guy: Yeah but you can’t use it to take over the plane. You don’t have bullets.

Soldier: And I can take over the plane with nail clippers?

TSA Guy: [awkward silence]

Me: Dude, just give him your damn nail clippers so we can get the f**k out of here. I’ll buy you a new set.

Soldier: [hands nail clippers to TSA guy, makes it through security]