Paul Kedrosky's Infectious Greed

• Vallejo, Calif., once bankrupt, is now a model for cities in an age of austerity – http://t.co/i5LtctU4 ->
• And don't get me wrong, I'm advocating Ellisonian drinking & tweeting here. ->
• Ellison live at AllThingsD has been sort of the audio equivalent of drinking and tweeting – http://t.co/rDK4G78I ->
• Condé Nast Traveler: Why Now Is the Best Time to Book a Trip to Greece – http://t.co/wFSn30p5 #SoGreeceHasThatGoingForIt ->
• Kayak Said to Postpone IPO Following Facebook’s Tumble – Bloomberg http://t.co/SvmkcSWj ->
• Now off to meetings. You people will have to entertain yourself with graphs for rest of day. ->
• There's also this slide that annoys me. Meeker truly has skill to hold my opinions, and make me wish I didn't – http://t.co/QaJteVAZ ->

• QotD: “If you have to step over a dead body half way up then it’s classed as walk. On real climbs the bodies fall to the bottom”. ->
• Good fun: Lampooning movement futurology & the unbearable stasis of accelerating change – http://t.co/HD2Q49cE /via @nraford ->
• Pop quiz: When did you think original Blade Runner movie was set? Did you guess 2019? Unnervingly near. ->
• Most interesting anagram for "Rutger Hauer": Rare Rug Hut. ->

• Speaking of the USS Indianapolis, a decade-old Fresh Air segment with two survivors of said tragedy – http://t.co/8uQS9Md6 ->
• So, eleven hundred men went in the water; 316 men come out & the sharks took the rest, June the 29th, 1945. Anyway, we delivered the bomb. ->
• You just can't make shit like this up. Fine, you can, but it would only be 90% as entertaining. http://t.co/fmMJenY3 ->
• Inside Heathrow's VIP lounge — finally you people get to see how I roll – http://t.co/TtIr9Jvw ->
• NBC lays out 2012 London Olympics broadcast plan on TV, internet, apps, etc. – http://t.co/4TqevDpM /via @Techmeme ->

• Prior QotD of Elon Musk is from here http://t.co/dc4EQVH3 via @parand ->
• QotD: Optimism, pessimism, fuck that; we're going to make it happen. As God is my bloody witness, I'm hell-bent on making it work. – E. Musk ->
• Congrats to @Ryder_Hesjedal. Great ride today, and a great Giro win. Super stuff. First ever major tour win for a Canadian. ->
• Watching as Canadian cyclist Ryder Hesjedal out of start gate in Giro d'Italia final time trial in Stage 21. Ryder, ftw. ->
• Markets & Tacoma Narrows: Minute by minute, Nasdaq chaos engulfed Facebook IPO – http://t.co/cLeNbqG3 ->

• Usain Bolt posts his slowest ever winning time in 100m final. Weird how 10.04s even looked slow. http://t.co/Y4kMVucr ->
• [1205.5509] Four Degrees of Separation, Really http://t.co/GxnzQ6CI ->
• Enjoying a Saturday morning watching epic Stage 20 of Giro over Mortirolo and Passeo del Stelvio. Go Ryder Hesjedal! ->
• Joe Kraus: We're creating a culture of distraction – http://t.co/0ctyo3qr /via @bfeld ->
• Petition: Require free access over Internet to sci journal articles from taxpayer-funded research.
  https://t.co/monA7aHO ->
• Remarkable graphic (pdf) of Everest deaths by altitude and nationality http://t.co/ndcq8wrb ->

• Today in self refuting sentences: "Simply run {MA<GO>} and click on 96) to toggle to Advanced Search" ->
• Speaking of dueling FB algos, this: http://t.co/itWN54xe ->
• When the algos really went at it over FB last Friday reminds me of Close Encounters when computer & aliens did tonal sequence duet. ->
• Now Coveted – A Walkable, Convenient Place – http://t.co/zDlg0NZI /cc @richard_florida ->
• Just wrote a non-code email making extensive use of regular expressions. Yeesh, I can be geeky. ->
• The Verge reviews Samsung Galaxy S3. Shorter version: great hardware/perf; big; & a little Samsungy. http://t.co/qM3ew5jN ->

• Okay, I take back the nice things I've been saying about HTC One x. Nice hardware entirely ruined by horrific software. ->
• Chelsea F.C.: Can't Buy Me Love http://t.co/TDfWrMZJ /by @runofplay ->
• Nifty webcam video of 1,300 acre wildfire in mountains east of San Diego today – http://t.co/Iq2ad1Mr ->
• A time-honored tradition continues: European investors count losses on Detroit property – http://t.co/ovyuLKIm ->

• One more Toronto real estate graphic. I'm sure this will work out fine. http://t.co/ZkRiEbJc ->
• The official bird of Toronto: The construction crane. Remarkable. /via http://t.co/oNInbLB2 http://t.co/47Jvst2g ->
• Science is finally getting to the big questions: Why do bubbles in Guinness sink? – http://t.co/ZkVgHago ->
• This week's episode of Game of Thrones reminds me of Empire Strikes Back as re-done by medieval furriers. ->

This sort of thing tends to happen at turning points — people declaring equities are toast for as far as we can see — but it’s still worth reading.

Nikhil Srinivasan, the man who decides where one of the world’s biggest insurance funds places its assets, wants to know why he should invest in stocks. “We are delivering what policyholders want,” says Allianz Investment Management’s chief investment officer, speaking from his Munich base. “So there is no need to get aggressive about equities.”

Allianz, with a total of about €1.7tn under management, has only 6 per cent of its insurance portfolio in equities, while 90 per cent is in bonds. A decade ago, 20 per cent was in equities. It is far from alone: institutional investors, from pension funds to mutual funds sold directly to the public, have slashed holdings in the past decade. Stocks have not been so far out of favour for half a century. Many declare the “cult of the equity” dead.

Markets: Out of stock.

• Oil companies face off with Facebook: Driving becomes passé http://t.co/DfRunf0f /via @StockJockey ->
• Pettis: Europe’s depressing prospects http://t.co/66Oyv029 ->
• Methods for Studying Coincidences http://t.co/btjlqyfU /by @arbesman ->
• The End of Illness with Dr. David Agus http://t.co/ijuAJd6h ->
• Will let folks off hook. Here is list of open ski resorts: Whistler, Mammoth, Bachelor, Hood, Sunshine, Crystal and Alyeska ->
• Nicely done. One more. RT @SurrealCivic: @pkedrosky Mammoth, Whistler/Blackcomb, Bachelor, Timberline, Sunshine? ->
• Yup RT @sorenmacbeth: @pkedrosky whistler and mt. good for sure. Mt. Bachelor? ->
• .@finansakrobat Yes, sold all but 10 (of 100) of my Facebook shares Friday at around $41.25. in reply to finansakrobat ->
• On my ski question, will give two hints: two are in Oregon, two are in Canada. ->