Sunday, April 05, 2009
Confidence-Inspiring
The G20 leaders display the gravitas necessary to reassure a nervous public that all will be well.
Labels: poly-ticks, The Stupid Economy
Wednesday, February 18, 2009
Porkulus
Wednesday, February 11, 2009
"I do not think that word means what you think it means"
When I see headlines like these:
Up Next for Bankers: A Flogging
Bank CEOs flogged in Washington
Instead of pictures like this:
or this:
I really, really want to see pictures like this:
Up Next for Bankers: A Flogging
Bank CEOs flogged in Washington
Instead of pictures like this:
or this:
I really, really want to see pictures like this:
Labels: Abuse of Language, The Stupid Economy
Saturday, November 22, 2008
What Dale Said
Let me see if I have this straight...
Other than the fact that I don't listen to sports radio -- my thoughts exactly.
(1) Dubious financial minds come up with even more dubious [read: bullshit] derivative "securities" upon which transactions are based, and our Congressional masters sling the financial industry $700bn, no questions asked. In fact, the entire premise upon which the bailout was approved even gets changed in midstream, but no worries.
(2) Auto industry which employs hundreds of thousands (over a million if you kick in the cascade effects) and remains the largest part of the American manufacturing base asks for $25bn to get it through until new cost-saving labor agreements and reduced legacy costs kick in, and the answer is "Clear it with Countrywide Chris and Subprime Barney first." Oh, and you boot John Dingell for the Mayor of Whoville in the process.
Yeah, we're watching here in Michigan. Which reminds me, a word of advice for Senator Dick Shelby: I can't recommend sticking your schnozz north of Toledo for the foreseeable future--you've become a household name on sports radio, of all things. And not remotely in a good way.
Labels: Decline and Fall, Michigan, The Stupid Economy
Wednesday, November 12, 2008
Impressions of Detroit
John Michael Greer shares his impressions of Detroit:
I spent the flight staring out the window at half a continent’s worth of scenery while trying to fit my head around Bateson’s take on systems theory or the tangled syntax of some scrap of atrocious medieval Latin, and spent the ride from the airport to the hotel in suburban Auburn Hills taking in glimpses of Detroit: long-abandoned factory buildings in ruins, gritty slums with colorfully named churches and every third house boarded up, posh suburban neighborhoods with ostentatious yards, huge office buildings breaking the skyline, and then the huge mass of Chrysler’s headquarters complex looming up beside the freeway like a pharaoh’s tomb. I half-expected to see an inscription out of Shelley’s Ozymandias there:
My name is Iacocca, CEO of CEOs;
Look on my works, ye bankers, and despair!
Labels: Decline and Fall, Michigan, Motown, The Stupid Economy
Thursday, October 23, 2008
I'm Shocked, Shocked to Find...
Captain Renault, I mean, Alan Greenspan "shocked" at credit system breakdown
WASHINGTON (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities.
Labels: The Stupid Economy
Wednesday, October 22, 2008
Economics
Monday, October 06, 2008
Party Like It's 1929
"I was dreamin' when I wrote this
Forgive me if it goes astray..."
Labels: Decline and Fall, The Stupid Economy
Thursday, September 25, 2008
Restoring Confidence in the Economy
Tuesday, September 23, 2008
Wall Street Bailouts
It is well understood that nothing so excites the glands of a free-market capitalist as the offer of a government subsidy.
-- Wendell Berry, Conserving Forest Communities
Labels: Decline and Fall, The Stupid Economy
Thursday, July 18, 2002
Drowning Your Investment Sorrows
Budweiser kicks butt vs. Dow, NASDAQ, S&P500
I'm not quite sure what to make of that ...
Labels: The Stupid Economy
