Paul Kedrosky's Infectious Greed

This is more than a little mischievous, but it’s at least worth knowing that the US is newly a net exporter in finished oil products. /via Bloomberg

From earlier today, Kyle Bass doing his weirdly patient Euro-apocalyptic thing:

• The fight to save Cooper Union http://t.co/k0YOEz55 #
• JJS the new DFW http://t.co/fI354a5e #
• Remember five years ago when I said I hated T-W Roadrunner for its absence of status, flaky service, etc? Update: Still do. #
• New Scientist: The rise and fall and rise of peer-to-peer lending – http://t.co/HBIiLRty #
• It's like the entire Interweb is running at 33 1/3 instead of 45 rpm this morning. You all sound funny. #thankstimewarner #
• JP Morgan has out a crazy-long 156-page doc forecasting US markets in 2012. tl;dr: Right – 15 times; Wrong – 1 time. #
• Pew: Extending all the tax bennies set to expire in Jan 2012 would raise budget deficit by 152b – http://t.co/oIhTRDkP #
• Note to China bulls: Hendry's China "short fund" up 52% in 2011 – http://t.co/BJ0SOaEz #
• Is it just me missing a teensy icon, or does @flipboard for iPhone really not support Readitlater? #
• Drives me mad that T-W RR response to issues is always to reboot, direct connect to cable modem, etc. Drives me blinking mad #
• Convinced that TW R-R asks people to direct connect mostly because they know people won't, and then feel guilty & won't pester further. #
• Nice RT @fredwilson: Let Everyone In Congress Know Just How Many Of Us There Are: I Work For The Internet: http://t.co/43CYHRpc #
• With MF Global CEO, CFO and COO now all saying they don't know where customer funds went, that leaves me and I'm not talking. #
• The Scientist: Why People Lost Their Fur http://t.co/tZGCgGTI #
• Fun with faux unemployment graphs: Today In Dishonest Fox News Charts – http://t.co/A1fYyEEm /via @sacca #
• So, to summarize: the president of Microsoft Phone is still the president, but he's now been replaced & not there. Got it. #
• Alchemy, the new alt investment magazine from SecondMarket – http://t.co/Iz4VFmRp / via @mikesimonsen #
• Infinite stupidity, docile copiers and the trouble with innovation – http://t.co/QuPKpFrp #
• FT: Fat-tail fever in oil markets – http://t.co/5wBGYNz0 #
• This can't possibly work — someone report back: How to Peel a Head of Garlic in Less Than 10 Seconds http://t.co/YZeglmNc /via @nelderini #
• Twitter consensus is that the garlic-peeled-in-10-seconds thing works. My life is turned upside-down-ish. #
• Not to digress from garlic, but I see that Jive Software IPO priced tonight at $12, higher than expected. #
• 2005 was the first year that US homes priced >$500K outsold homes sold for <$100k. That ended in 2008. http://t.co/iR7N2KYA #
• Giving two talks in early January on my three best investing ideas for 2012. Long, short, whatever. Always like doing those. #
• .@specialsin Work in progress. Have 5-6 I'm sorting through to decide what I really want to talk through publicly. #
• Looking back at 2011 ideas, critical Sony piece on Bloomberg tonight: Sony Shopping is ‘Wrong Direction’ in Apple War http://t.co/tMaAbijC #
• I defy you to not be blown out of your ever-loving mind by JP Auclair at 2m15s of the All.I.Can trailer – http://t.co/qDHnOTeY #
• Nifty historical multi-currency inflation graph from DB – http://t.co/6TCrJNM7 #
• Good point by Citi in oil market report: In contrast to every other market, higher Middle East oil prices boosts oil demand there. #

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• Such a strange feeling in the age of twitter, email, & realtime to discover a former colleague died a month ago. #
• It takes just one early chart of aggregate debt, money supply, etc not normalized against GDP before I exit presentations. #
• Another life goal completed: I'm in the Aspen Times today – http://t.co/hei7lnJ6 #
• Handy chart from UBS summarizing "at risk" IT spending in countries with debt issues – http://t.co/FnKrzTxl #
• One more useful graphic from that new UBS report: Cloud services spending growth. Big numbers. http://t.co/tpizmfNy #
• Word of the day: beard googles. To be convinced one's facial hair looks great, even if looks bad to everyone else. http://t.co/HkV6mWSn #
• Coldest temperature in the world last month? A balmy -77.8 F (-61 C) in Vostok, Antarctica – http://t.co/KX4Nxuee #
• QotD: Monocle isn’t just a read, it’s a status stmt suggesting u travel with blankets made of baby alpaca http://t.co/zowLYxGw /via @s_m_i #
• Does @Dropbox newly hate me? Can't establish a secure connection with my Mac OSX widget. Am I the only one? #

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• Wonderful: Vintage ski photos from the Times archive of a snowy bygone era: http://t.co/MrAL7a1x #
• Felix Zulauf on 2012: Sovereign defaults ahead http://t.co/62DqvOA4 #
• During high UK winds this week, a runaway trampoline. ("Omigod, trampoline! Trampoline!" shd be a ringtone.) http://t.co/aHjSRe86 #
• Sex, Insider Trading and the First U.S. Financial Panic – http://t.co/eAQe0OSv #
• Video: Comparison of recent and historical US earthquakes by energy release – http://t.co/Ty7TGxhD #
• Incredible avalanche debris slide footage from Colombia – http://t.co/WbdPHpf3 #
• Partly for the Pythonesque headline, but still … Shrubbery on the march in Quebec http://t.co/wXKAgZIq #
• Just filled out my TED 2012 profile card: two words — crosscountry snowboarding. #
• The extreme future of megacities – http://t.co/Hk4lr4mP /cc @richard_florida #
• #NowPlaying Andrew Whiteford / Earlyups on @Spotify
  http://t.co/SkwcM05h #
• NME‘s 50 Best Albums Of 2011 – http://t.co/evtP5gJM #
• NYT: Awakening in the Glow of a Bloomberg Terminal http://t.co/BEg8VwvI #

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From UBS, big numbers in cloud services spending growth ahead:

I’ve been arguing that there are strong similarities on at least one level between the U.S. debt ceiling meltdown this summer and the current Eurozone mess. The level that I’m interested in is how it affects the way people think about the future and the economy. The debt ceiling debate caused delayed spending and a loss of confidence, which played out in the public markets as well. We will are in the midst of seeing a comparable effect from Europe, with the extra “benefit” of austerity kicking in and causing apparent weakness to become real, thus producing an extra kick to the economic shins.

This chart from UBS helpfully summarizes the effect in the the IT sector:

LANA DEL REY-VIDEO GAMES – YouTube.

• Male Elite Athletes' Higher Prevalence of Hip and Knee Osteoarthritis – http://t.co/3voIbmLC #
• Finally read the remarkable Pop Mechanics piece on the crash of AF 447. Riveting and instructive. http://t.co/P0emnVj7 #
• Not to be all 1%-ish, but every time I ski in Vail I am reminded how much more I like Aspen. #
• 17 h of sustained wakefulness in adults is performance equivalent of a blood alcohol level of 0.05% http://t.co/4S8ldC1c #
• Warren Buffett wants his son Howard to succeed him as head of Berkshire Hathaway – http://t.co/Kmc0xzJW /via @BreakingNews #
• Canadian citizenship to be stripped from thousands in largest fraud sweep in country's history http://t.co/sIZyJpFk #
• I'm sucker for this sort of stuff: Calibrating the End-Permian Mass Extinction http://t.co/ni4av9YI #
• Playing with the new Twitter ui, echo most comments: hiding DM dumb, tiny search, discover is pointless, & connect is opaque. But pretty. #
• Late December weather forecast is looking fun: "Multiple dynamic storms", rains, snow, etc. Benign period ends. http://t.co/Do7UKeJX #
• Forget Stadiums, Cities Should Fight For Apple Stores – http://t.co/f531UnW5 #
• Mountain lion spotted a few hours ago on my usual running trail. Hate when those guys get training bug. #
• RT @nytimestravel: We want to hear your tales of epic ski slope wipeouts. Tweet them w/ #mywipeout #
• Will be hanging with @emilychangtv on @BloombergWest TV today around 3:10 pst. Think we're talking about hats. #
• LazyAudioTwitter: Does anyone have any idea what sort of audio filters NPR uses to make hosts sound like that? #
• Had a top strategist argue in NYC this week that the "set it and forget it" trade for next decade is … Asian healthcare. #
• NYT: 'Batman' Soars to No. 1. Again. http://t.co/69s2qR9G #
• At @bfeld's recommendation, picked up an iFitness belt for running with iPhone/Runkeeper. Very nice. #
• Getting my own medicine. RT @WBPetersen: @pkedrosky @bfeld Telluride Wednesday http://t.co/37oKAhfz #
• Just realized you can live sync the awesome Flight Track app with the equally awesome Tripit. I still hate travel, but life is way better. #

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“Newt doesn’t have ideas, he has ideas about ideas. He keeps saying what a good idea it is to have ideas.”—Barney Frank j.mp/tn0xuw

— NY Review of Books (@nybooks) December 10, 2011