• kjøp cialis acquistare cialis generico viagra vente libre en pharmacie cialis comprar online cialis rezeptfrei viagra liknande viagra acheter en ligne cialis ordonnance viagra belgique viagra senza ricetta in farmacia faut il une ordonnance viagra generique levitra cialis farmacias ahumada cialis ohne rezept kaufen cialis uten resept
  • kamagra per nachnahme viagra holland rezeptfrei viagra kaufen forum le viagra est-il remboursé par la sécurité sociale viagra comprare cialis commander cialis bestellen ohne rezept viagra beställa viagra au meilleur prix acheter viagra soft viagra rezeptfrei wien cialis generika schweiz prix du viagra en france viagra en farmacias prix levitra pharmacie
      generico de cialis cialis ordina online a san marino comprar viagra pela internet receita cialis acquistare cialis generico viagra toulouse acheter kamagra inde viagra andorre acquisto levitra generico in italia vardenafil mg online sante viagra beställ kamagra tadalafil sans ordonnance en france viagra indien erfahrungen viagra alternativo
    Twitter
    LinkedIn

    Risk Is In The Eyes of the Beholder Part III

    White Star Line Poster

    Chinese can be very peculiar about some things.

    One thing which is especially peculiar by western standards is that they get really annoyed and angry when a lot of money is lost, and they are not afraid to say so. Take the Chinese government’s loss, er investment, in Blackstone Group for example.

    Within several weeks of the investment being made, Blackstone’s share price took a bath, and many Chinese got really angry. As a matter of fact, they got so annoyed that they actually demanded accountability. They reasoned that since this was their money, they had some say about it.

    Obviously not a rational move. They just don’t understand the rules of the game.

    Compare this with the subprime mortgage scandal in the US, which has morphed into a never-ending nightmare, seemingly growing bigger and bigger all the time…

    Has anyone been blamed or gone to jail? No. Has anyone been held accountable? No. Have newspaper editorials placed the blame on anyone for the disappearance of billions, maybe trillions, in dollars? No. Is anyone angry because the futures of millions of Americans have been put in financial jeopardy? No. Have you heard any of the candidates talk about doing something about this? No.

    We are above such petty finger-pointing, which won’t do any good anyway.

    We’ve got more important things to worry about like race, and the right to life, and illegal immigrants taking American jobs, just to name a few…

    In the meantime, the Chinese are having a hard time finding Chinese fund managers who want to invest and manage their trillion+ in reserves, especially since the Chinese manager of the Blackstone Group investment was unceremoniously removed from his post. Managing all this money sounds like an invitation to an execution.

    Your own.

    In the meantime, the French are partying with recent events of their own at Societe Generale…

    In light of recent events, many Chinese can be excused if they think that globalization sounds more than a little like an invitation to the premier crossing of the Titanic from Southampton to New York.

    UPDATE: Just in case you had any doubts the inmates might indeed be running the insane asylum, read this.
    (hat tip to Chris Masse).




    One Response to “Risk Is In The Eyes of the Beholder Part III”

    1. Allen Taylor says:

      I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

      Allen Taylor