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Posts by convex  

Joined: 25 Nov 2009 / Male ♂ 		Last Post: 28 Nov 2011
Threads: Total: 20 / In This Archive: 13
Posts: Total: 3928 / In This Archive: 3150 		From: Wroclaw
Speaks Polish?: un poco...wait
Interests: aviation

Displayed posts: 3163 / page 41 of 106
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convex   
15 Oct 2010
News / U.S. role in Poland is shrinking [82]

Sure it did. My generalization of the shield was both accurate and sufficient. You're just parsing and hair splitting, as you often do.

Not hair splitting at all. The EKV wouldn't have been able to intercept missiles targeting CEE. That's not parsing and hair splitting, that's a fact. A public fact at that, the NMD program was never sold as being able to protect Europe, because it's incapable of it.
convex   
15 Oct 2010
News / U.S. role in Poland is shrinking [82]

So it can indirectly prove that banks in Poland can lend more than they have deposits, they just do not do that.

Thanks for doing the legwork. I just can't even for a minute believe that Polish banks only loan what they have in deposits. Anyway, will do a bit of reading.

The stated intent of the shield was to protect Europe from Iran.

The stated intent of the shield was to protect The US from long range Iranian missiles. Russia opposed it for a number of reasons, political and military. The Political reasons is that it considered unilateral ABM installations to be a reversal of the arms reduction treaties. Militarily, it would have meant an advanced radar base very close to Russian territory. They could care less about the missiles themselves.
convex   
15 Oct 2010
News / U.S. role in Poland is shrinking [82]

The insult wasn't in a decision but in a date that USA choosen to made it public. It was 70 anniversary of Russian invasion on Poland. Quite a sensitive date.

Keep in mind that the information was leaked, and that was nothing more than an official response to the leak....and Obama had said earlier that he would push for the best technology to counter the threat, which was short to medium range missiles. Poland now has a system that can actually protect it from attack vs interceptor missiles which provided nothing but a liability. Most people interestingly enough believe that there is no missile defense system anymore, out of the media, out of the public eye. Interesting how that works.

Some nice table from 2008:loan to deposit ratio = 101,4% so almost balanced back then.

Wait, Polish banks can only loan what they have on deposits? Is that what the chart is saying?
convex   
15 Oct 2010
News / U.S. role in Poland is shrinking [82]

As I said: "regardless what I think about it". I agree with you that it ended well the way it did, but the insult was there nevertheless.

Where was the insult? That the US decided not to buy the car, but spent the money anyway?

I can assure you that securitization of mortgages is almost not existent on Polish market.

Mortgages are only sold as bonds? Without securitization, how are lenders staying liquid? (just wondering here)

he point about financial tools and USA made financial products was not to amplify about it here but to point out that Poland has not much direct exposure to that and if at all then only indirectly through west european banks.

I wouldn't demonize the product as much as the seller. There is nothing inherently wrong with swap contracts or CDOs in general. If the underlying securities of a CDO are in order, there isn't a problem. I do think that by attempting to spread risk in that manner, you start having to trust a whole new group of people to provide you with an assessment on the underlying assets which kind of negates any gain you have from securitization.

The issue with MBS in USA is that they were fraudulent as it turned out and thanks God we didn't buy them...

Absolutely.
convex   
15 Oct 2010
News / U.S. role in Poland is shrinking [82]

I sincerely believe that they announced their decision regarding The Shield (regardless what I think about it) on 17.09.09 on purpose. Well either it was straightforward insult or they have the worst diplomacy department on the planet... Anyway it was noted in Poland and will not be forgotten...

You do know that the missiles were the negative part for Poland, and the Patriots were the positive part right? Now you still get the Patriots, but don't have to take on the burden of basing the missiles in Poland. You, Poland got screwed over big time in that one.

If you don't know what you're talking about, you probably shouldn't talk about it. Everyone uses those tools, and have been for a while. The Polish government, all the banks (MBS, or what did you think they do with those mortgages?), all the big Polish companies.
convex   
15 Oct 2010
Life / Poland's population predictions [59]

Unless that purchase has already been made. Shelter does not need to be repurchased every generation. This is obvious based on debt free home ownership rates in Poland.

Plus, what capitalist society? The Polish government (like most CEE governments) provides subsidies and government housing to people that can't afford, or don't own their property.
convex   
15 Oct 2010
Life / Poland's population predictions [59]

In 2010 Internet surveys showed that Poland is one of countries with rather high house price to income ratio (13.58 - it decreased from 23.90 in 2009)

You assume that the majority of people need to lay out money to have shelter, which is false.
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

Heading up to Berlin in the near future, will definitely stop by one.
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

Heh, from the article:

But surely not everyone is as generous. "No, sometimes there are ******** who spend the entire night here and pay €5," said Mariano. "Especially Spanish people. We should have a monument dedicated to us in Madrid, they owe us so much money!

convex   
14 Oct 2010
Food / Polish fast food joints? [59]

You got to remember the vast majority of people are honest, it is only the minority that are scum-bags.

scumbag here.

Anyway, I think this was covered in freakanomics about self serve pastries or something. The simple little things that were done to, ahem, help that honesty along. Neat stuff.
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

Problem is of course, they may be right :p

Those places that charge by weight and it comes up to like 4zl for a plate....that's been a ripoff everytime I've went...
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

i like when my mammy and busias cook for me delicious Polish yummy dishes... :D

You have a mammy?
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

My idea of a BBQ.

First step is learning the difference between grilling (think kiss the cook apron wearing guy throwing hot dogs on a grill, possibly with an Irish accent), and ba-bachu (the guy with the smoker, the slab of brisket and ribs, and a whole lot of time on his hands). Second step is learn the rituals, which, depending on where you're from may or may not involve a sacrifice.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

No, very much they are not. The Left may play the pander game come election time but Obama's policies toward Israel have been a stark reversal of our traditional stance and everyone has noticed. He is clearly pro-Pal and anti-Is... since he himself is a Muslim... and a Radical Leftist.

Yea, that's got to be why. Maybe the relationship is a bit too one sided now, and it's time to reevaluate what we're getting for our money over there. The US has still used veto power in the UN for any criticism of Israel, still sending over more money than ever. Where's the stark reversal?

I didn't mean to imply that it did, but evidence shows the Right is more pro-Poland than is our Left.

How so?
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

Ah you're just an old fart.

No, I thought Ireland was like that until I moved over here. I am now left with shattered dreams.

But...what is missing here is decent barbecue. A taqueria would probably work well, out of a truck doing breakfast tacos and then beef or chicken at lunch.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

But seriously, on the missiles period...the US wanted to base interceptors in Poland....in exchange, Poland required security commitments....that's where the Patriots come in to play. So Poland is getting the benefits of the deal, without taking on any of the risk. How is that a bad deal for Poland?

Nice little writeup... Anyway, the idea behind the Patriots was to station a battery in Poland, train Polish troops on them, and then authorize their sale to Poland.

And it appears they're from Ft. Sill.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

They are on 6 month rotations from what I understand.

That's not what Torqi is talking about. Poland just isn't suffering from self important delusion and there is nothing wrong with that.

Ofcourse, but to deny that international forums are an important part of functioning in this wonderful global society that we've managed to find ourselves in, is a bit delusional. Not saying that I agree with it, it's just the way it is.

Well...I've learned that most of the american righties are very much pro-Israel, pro-Jewish and hence alot of them took over some of the worst anti-polish prejudices from the Jews.

Both are pro Israel. Very much so. You can see the pandering come election time.
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

What's wrong with that?

Like going to an Irish pub in San Diego with four leaf clovers and leprechauns all over the place.
convex   
14 Oct 2010
Food / Polish fast food joints? [59]

the walls are plastered with American memorabilia the works

Looks like a TGI Fridays :(
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Very important point. It is the American Left which disregards Poland. Not the Right and not America in general.

Neither cares. The F-16s and not allowing Poland to be part of the VWP happened during the time that the American Right was in control.

As I said above, Bush gave you the missile shield... Obama took it away. Enough said.

Missile shield provided nothing for Poland. At least the Patriots protect Poland.

That's irrelevant, really.

Sure, isolationism works for ole Kim and his paradise in South East Asia. But, good luck with that.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Probably. Anyway, apparently someone sees a benefit to it, otherwise Poland wouldn't be doing all the stupid things which he pointed out... There's got to be something....right?
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Poland is, by and large, self-sufficient country.

Poland can't punch very strong in international forums. Think two and three letter global organizations.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Like what?

Pressure against one of your neighbors.

And which country is? Beside the obvious one.

Germany, Russians, Japan, Saudis come to mind, India...and of course the boss.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Come on...you know you need it, want it even. Who are you going to go when you need something? The Germans? The Russians? The Chinese? Serbs?

You might go away for a while a bit mad, stomp the feet a bit...but, you'll be back*

* offer not valid during sovereign debt crisis.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Why the "F*uck you!" gestures all the time though? That's what I can't understand.
Where's the benefit to America from insulting us? Just for the fun of it? :)

Don't confuse not caring with insults. The US insulted the Japanese 60 years ago, they insult the Iranians, there were some insults towards Grenada. The US hasn't kicked out all those cabbage eaters from the US, so I figure we're still even somewhere.

From US ears, Polish "F*ck you!" sounds like birds chirping. Joe, did you hear something? No? Hmm, must be those sparrows again.

I will just sit back, relax and watch
(how do you say "sit back, relax and watch" in Chinese? :)).

No clue, but it has something to do with cracking atoms.
convex   
14 Oct 2010
News / U.S. role in Poland is shrinking [82]

Poland was faithful American ally

Poland isn't important to the US...even though they took in hundreds of thousands of Polish citizens. Poland is an economic and political minnow in the great game...it's no surprise that the US doesn't see Poland as priority one.