May 8, 2008
May 6, 2008

All the fuss over twitter and that’s it… 1M users.

That’s a Facebook or Myspace rounding error. Please email me when they hit 50M.

Once again it’s the blogsters making something seem so much bigger that it actually is. Normal people do not tweet and could care less and…. never will.

Social Networking is a generational shift (Gen Y) in media behavior similar in magnitude to the World Wide Web 14 years ago. Twitter is a bunch of early tech adopters.

Look around. The world’s tallest building is in Taipei, and will soon be in Dubai. Its largest publicly traded company is in Beijing. Its biggest refinery is being constructed in India. Its largest passenger airplane is built in Europe. The largest investment fund on the planet is in Abu Dhabi; the biggest movie industry is Bollywood, not Hollywood. Once quintessentially American icons have been usurped by the natives. The largest Ferris wheel is in Singapore. The largest casino is in Macao, which overtook Las Vegas in gambling revenues last year. America no longer dominates even its favorite sport, shopping. The Mall of America in Minnesota once boasted that it was the largest shopping mall in the world. Today it wouldn’t make the top ten. In the most recent rankings, only two of the world’s ten richest people are American. These lists are arbitrary and a bit silly, but consider that only ten years ago, the United States would have serenely topped almost every one of these categories.
May 5, 2008
bullshit:  The end is near; trust no one.

bullshit:

The end is near; trust no one.

The velocity of everything is going up past the “red line” where things really fly apart. The increased velocity of non-performing mortgages and deadbeat credit card accounts is one thing that can’t be hidden or escaped. America will feel and see very vividly when the repossession teams rush families from their homes, when the pickup truck is taken away, and when the pink slip appears in the pay envelope. Meanwhile all the higher-end banking shenanigans will only debase the dollar and make it more difficult for people already in distress to buy gasoline and food.
May 3, 2008

April 30, 2008