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	<title>Michael Gracie &#187; equities markets</title>
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	<pubDate>Mon, 01 Dec 2008 20:43:27 +0000</pubDate>
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		<title>News I missed while I was intermittently visiting hell</title>
		<link>http://michaelgracie.com/2008/07/07/news-i-missed-while-i-was-intermittently-visiting-hell/</link>
		<comments>http://michaelgracie.com/2008/07/07/news-i-missed-while-i-was-intermittently-visiting-hell/#comments</comments>
		<pubDate>Mon, 07 Jul 2008 14:50:53 +0000</pubDate>
		<dc:creator>Michael Gracie</dc:creator>
		
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		<category><![CDATA[credit crisis]]></category>

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		<category><![CDATA[equities markets]]></category>

		<category><![CDATA[global warming]]></category>

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		<description><![CDATA[Hell = golf course
 From betting on the game when the other team doesn&#8217;t show&#8230;
Bridgewater Associates say financial losses from the credit meltdown will hit $1.6 trillion.  That means we&#8217;re just a few pitches into the second inning in this mess.  (h/t Paul Kedrosky)
In 2008, autumn seems to be coming early (and looking [...]]]></description>
			<content:encoded><![CDATA[<!-- sphereit start --><p><em>Hell = golf course</em></p>
<ul> From betting on the game when the other team doesn&#8217;t show&#8230;</p>
<li><a href="http://www.bwater.com/">Bridgewater Associates</a> say financial losses from the credit meltdown <a href="http://translate.google.com/translate?u=http%3A%2F%2Fwww.sonntagszeitung.ch%2Fhome%2Fartikel-detailseite%2F%3Fnewsid%3D32136&amp;hl=en&amp;ie=UTF8&amp;sl=de&amp;sl=es&amp;tl=en&amp;tl=en">will hit $1.6 trillion</a>.  That means we&#8217;re just a few pitches into the second inning in this mess.  (h/t <a href="http://paul.kedrosky.com/archives/2008/07/06/banking_losses.html">Paul Kedrosky</a>)</li>
<li>In 2008, autumn seems to be coming early (and <a href="http://www.forbes.com/2008/07/01/fed-bernanke-greenspan-oped-cx_jt_0702dollar.html">looking a lot like 1987</a>).  I&#8217;ve <a href="http://michaelgracie.com/2008/06/25/grab-those-life-rafts-financial-tsunami-on-the-way/">mentioned this</a> already.</li>
<li>Retailers won&#8217;t be able to hide rising prices in the revenue line forever - consumer spending is <a href="http://www.economist.com/world/britain/displayStory.cfm?source=hptextfeature&amp;story_id=11671702">invariably linked</a> to the housing market. (h/t <a href="http://calculatedrisk.blogspot.com/2008/07/house-prices-vs-consumer-spending.html">Calculated Risk</a>)</li>
<p>From pointing fingers is old hat, and old hats fit nicer than new ones&#8230;</p>
<li>European politicians are conflicted over <a href="http://techdirt.com/articles/20080627/0118491532.shtml">how to deal with bloggers</a>.  Might I suggest they <a href="http://michaelgracie.com/2008/06/16/ap-fight-protecting-content-or-temporarily-quelling-discontent/">send a patsy to quiet them down</a>?</li>
<li>Some social networks are having trouble monetizing their traffic.  Forget the problem of short attention spans amongst teenagers - <a href="http://www.alleyinsider.com/2008/7/blame-google-for-myspace-s-advertising-problems">blame Google</a>.</li>
<li>Global warming hysteria has a new friend, the <a href="http://www.abc.net.au/news/stories/2008/07/03/2293369.htm?section=justin">plasma TVs</a> everyone bought with their second mortgage loan.</li>
<p>And from technology is my oyster, now give it a sniff before you eat it&#8230;</p>
<li>How does a thriving technology company morph itself into General Motors?  Become <a href="http://googleblog.blogspot.com/2008/07/what-comes-next-in-this-series-13-33-53.html">extremely bureaucratic about minutia</a>.  ADDED: Make sure that minutia is <a href="http://techdirt.com/articles/20080707/0052451598.shtml">completely irrelevant</a> too.</li>
<li><a href="http://www.techcrunch.com/2008/07/05/think-before-you-voicemail/">Voicemail is dead</a>.  I agree, not because of fabulous web services, but something much simpler - caller id and internal phone contact lists.</li>
<li><a href="http://www.readwriteweb.com/archives/is_email_in_danger.php">Email is in trouble</a> too?  I&#8217;ll agree with that as well, but not because of the newfangled services that exist today.  Too few people are ever going to want their communication publicized, and too many are shifting platforms for Outlook to be a long term handicap.  Someone is going to rise to the occasion for the mainstream user.</li>
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