Tuesday, January 19, 2010

Derek Dooley is the Man

With a son named Peyton, and with five years coaching under Nick Saban,  what could be wrong with the coaching skills and thought processes of Derek Dooley??!

I believe for the record that we have found the man to lead the VOLS for the next 5 years, until Peyton Manning is ready to coach, that is, perhaps that might be 3 years, perhaps 10 years. Average of 5 years. Whatever.  Peyton Manning will be our next coach. But yet,  I wonder why Peyton would want to work that hard after having amassed a huge fortune playing professional football for the Colts. But, I digress.

Derek Dooley, despite his Georgia upbringing, is absolutely perfect for the challenge of leading the Vols. After having consumed the Kool Aid of Lane Kiffin, I have hereby vomited it out, and live for the day that Kiffin is laughed out of Southern California, or fired, whichever comes first.

As for Derek Dooley, I am hereby already a huge fan and ready to rumble next fall.

This expert sees a bubble in China; Crash coming

Most people talk and read about how great the overall economy is in China, and how they are kicking everyone's butt in terms of economic growth, output, and every other economic indicator. Could it be that China is similar to Japan  in the 1980's--and  that China is near or at it's peak given the history of other nations in  attempting to industrialize to the max? The road cannot be straight up all the way, there has to be some downhill from time to time.  Read this from the New York Times as written by David Barboza.

HANGHAI — James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.
Daniel Acker/Bloomberg News
James Chanos made his hedge fund fortune predicting problems at companies and shorting their stock.
Now Mr. Chanos is betting against China, and is promoting his view that the China miracle has blinded investors to the risks in that economy.
Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.
As most of the world bets on China to help lift the global economy out ofrecession, Mr. Chanos is warning that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like “Dubai times 1,000 — or worse,” he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.
“Bubbles are best identified by credit excesses, not valuation excesses,” he said in a recent appearance on CNBC. “And there’s no bigger credit excess than in China.” He is planning a speech later this month at the University of Oxford to drive home his point.
As America’s pre-eminent short-seller — he bets big money that companies’ strategies will fail — Mr. Chanos’s narrative runs counter to the prevailing wisdom on China. Most economists and governments expect Chinese growth momentum to continue this year, buoyed by what remains of a $586 billion government stimulus program that began last year, meant to lift exports and consumption among Chinese consumers.
Still, betting against China will not be easy. Because foreigners are restricted from investing in stocks listed inside China, Mr. Chanos has said he is searching for other ways to make his bets, including focusing on construction- and infrastructure-related companies that sell cement,coal, steel and iron ore.
Mr. Chanos, 51, whose hedge fund, Kynikos Associates, based in New York, has $6 billion under management, is hardly the only skeptic on China. But he is certainly the most prominent and vocal.
For all his record of prescience — in addition to predicting Enron’s demise, he also spotted the looming problems of Tyco International, the Boston Market restaurant chain and, more recently, home builders and some of the world’s biggest banks — his detractors say that he knows little or nothing about China or its economy and that his bearish calls should be ignored.

Time will tell if Mr. Chanos is correct or incorrect.