Observations and opinions. My opinion and $1 (it was 50 cents but I've adjusted for inflation) will get you a cup of really bad coffee.
Wednesday, November 2, 2011
So Long as Ben "The Punisher" Bernanke is Comfortable
"The Fed noted Wednesday that inflation is still within the central bank’s comfort zone."
It's not easy being The Gimp... wears a fellow out
Muscle Joining the Occupation?
"We're getting calls from veterans across the country who are extremely angry and appalled that someone who served two tours in Iraq got injured as a well-behaved protester,'' says Kimball, 27. "It's rallying vets across the country. We're just seeing the beginning of it."
Yikes! It occurred to me that it might be possible that what many of the 1% “don’t get” is that much of the muscle that forms their protection comes from the unwashed ranks of the 99%. As I am loathe to participate in “group activities”, I have no first hand knowledge but I’m told by some who enjoy group calisthenics and collectively blowing shit up that many sign up to be one of Uncle Sam’s Misguided Children first and foremost to earn a paycheck, support a family, overcome some personal hurdles, etc. In that process, my guess is that they are like any other human beings and tend to form close personal bonds with one another because of shared experiences.
To use a Dylan phrase: Strange how people who suffer together have stronger connections than people who are most content.
We Make Money the Old Fashioned Way
Great Crash of '29
Some people made money the old-fashioned way during the crash — i.e., by stealing it. After the initial crisis on Black Thursday, a group of high-powered bankers tried to stabilize the market by using a $130 million pool of funds to buy stocks, sometimes at prices above market value. A member of the group, Albert H. Wiggin, head of Chase National Bank, began short selling his own portfolio at the same time he was committing his bank's money to buying. He shorted more than 42,000 shares, making more than $4 million. Because he used a Canadian shell company to buy the stocks, he didn't even pay taxes on his gains. Though forced to resign in disgrace, Wiggin otherwise went unpunished and got to keep the money, the jerk.
Great Crash of '08
Take it away, David....
Tuesday, November 1, 2011
Ben Bernanke - The Masked Punisher
"The Fed's policies are "designed to reward spending and effectively p*u*n*i*s*h savers," said Eric Green, chief U.S. economist at TD Securities"
Kim Kardashian is Smarter Than Me
If only I had done the same 10 weeks into that clusterfuck of a marriage.... if only.....
Screw The Headlines - IT'S NOVEMBER!!!!
From Drudge today:
"Greek Vote Threatens European Bailout" - Don't much care for Europeans any-howz
"Government on Verge of Imploding" - Most Governments aren't worth a bucket of warm piss any-howz
"European Banks Sink on Bombshell" - their comeuppance is overdue in my humble O-Pinion
"World Markets Plunge" - tough shit, the Smug Bastard has not invested in that Ponzi scheme since 2001
THIS is what makes my tiny, black, thorny heart beat for the next few months:
"Greek Vote Threatens European Bailout" - Don't much care for Europeans any-howz
"Government on Verge of Imploding" - Most Governments aren't worth a bucket of warm piss any-howz
"European Banks Sink on Bombshell" - their comeuppance is overdue in my humble O-Pinion
"World Markets Plunge" - tough shit, the Smug Bastard has not invested in that Ponzi scheme since 2001
THIS is what makes my tiny, black, thorny heart beat for the next few months:
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