Fun and games in Karachi
Sidin Vadukut -
Monday, October 13, 2008 12:06 PM
Paul Kedrosky's blog, Infectious Greed, is the blog to read if you, like me, have very few investments to worry about. And are prepared to laugh while the global economy melts down around us. Kedrosky, aided by a potent mix of wit and wisdom, writes scathing and funny posts about banks, stocks, public policy and Hank Paulson. Seldom have I read a blog that makes you want to forward posts as much as Inf. Greed.
We particularly liked this one:
After a few palpitations, the Karachi market has now flat-lined. It has fallen to the 9100 floor -- okay 9182 -- and now sits there, in the uncomfortable the way non-viable markets do. Volumes have collapsed, going from a healthy 186-million shares a day to a comatose million shares a day, a 99.4% decline. It is simply no longer a viable exchange, with companies unable to raise money and investors unable to get liquidity or -- heaven forfend -- buy shares. Nothing. Traders are reduced to sleeping and playing video games.
And Kedrosky is not joking. The image in his blog post actually shows a trader at the KSE playing a computer game:
So which game is he playing? At first sight I thought it was that flash cricket game on the BBC. But then on closer observation I think it is actually one of those EA Cricket series games. Which one? 2006? 2007?
Pic: REUTERS/Athar Hussain