Month September 2007

Hedge fund math does not compute

Calculated Risk wonders how a retired investor thought he could get a low risk investment yielding 12% from a Bear Stearns hedge fund invested in mortgages when mortgages weren’t paying anywhere close to 12%. Thus, the hedge fund must have…

All war all the time

“If you think the wars in Iraq and Afghanistan will end with this Presidency, think again. These wars will likely outlast the next several Presidents” says John Robb, citing a number of reasons why this 4GW conflict will continue. For…

Petroglyphs. Parowan Gap, Utah

The Parowan Gap petroglyphs were made about 1,000 years ago by the ancestors of the Piute. While no one knows exactly what they mean, it’s thought this one might be a calendar of some type.

Let’s hope these are just contingency plans

The Pentagon has drawn up plans for massive airstrikes against 1,200 targets in Iran, designed to annihilate the Iranians’ military capability in three days, according to a national security expert. This of course is the same “strategy” the US military…