Kivikaasusauna

Tahtoo tämmösen! En tiedä mihin ja miksi, mutta kuitenkin. Oikeasti, olen miettinyt kaiken puolin huonon sähkökiukaani korvaamista puukiukaalla, mutta tuo kaasu olisi mielenkiintoinen vaihtoehto. Mukavuus, nopeus, kulut ja päästöt tuntuu kaikki äkkiseltää hyvältä.

Uusi ruotsi

Brad Setser: A new reason to be bullish on America: It is (almost) Sweden

A Merrill Lynch strategist seems to have come up with a new reason to buy stocks: The US isn’t far from adopting the “Swedish” approach to managing a financial crisis – and that didn’t turn out to be bad for the Swedish market.

Katalat köyhät

Finanssikriisiä seuratessa palautui mieleen tämä instant-klassikko viime syksyltä:

A Wall Street Trader Draws Some Subprime Lessons: Michael Lewis

Commentary by Michael Lewis

Sept. 5 (Bloomberg) -- So right after the Bear Stearns funds blew up, I had a thought: This is what happens when you lend money to poor people.

Don't get me wrong: I have nothing personally against the poor. To my knowledge, I have nothing personally to do with the poor at all. It's not personal when a guy cuts your grass: that's business. He does what you say, you pay him. But you don't pay him in advance: That would be finance. And finance is one thing you should never engage in with the poor. (By poor, I mean anyone who the SEC wouldn't allow to invest in my hedge fund.)

That's the biggest lesson I've learned from the subprime crisis. Along the way, as these people have torpedoed my portfolio, I had some other thoughts about the poor. I'll share them with you...