May 19, 2010
— Purple Avenger Oh, my bad, did I say inflation? I meant to say that inflation has suddenly disappeared and prices are falling.
Inflation has essentially disappeared...Apparently all that supposed recent consumer buying frenzy hasn't done much to increase demand/prices. I wonder why that might be?...Consumer prices fell in April for the first time in more than a year...
...Declining gas prices pulled overall prices down 0.1 percent last month. Gas prices are predicted to sink lower still this summer...
...Core inflation, which excludes volatile food and energy prices, was flat in April. Over the past 12 months, it has risen just 0.9 percent -- the smallest increase in 44 years...
...The weakness of the economy has kept inflation so low that some economists are beginning to worry about the possibility of deflation -- a destabilizing period of falling prices and wages...
Similarly, all those freshly employed folks don't seem geared up to do much driving during what is supposed to be the peak driving season. When is the last time you saw gas prices declining significantly during summer in an economy that is claimed to be in recovery? My guess would be ummmm...never.
A nice round of deflation and further declining interest rates must have those people who just bought new cribs under the ObamaBucks giveaway program feeling kinda green at the gills...many could be underwater before the year is out.
Posted by: Purple Avenger at
03:53 PM
| Comments (185)
Post contains 250 words, total size 2 kb.
Posted by: Dr Spank at May 19, 2010 03:59 PM (SbFur)
Posted by: Timmy Geithner at May 19, 2010 04:01 PM (KCEPJ)
Posted by: dananjcon at May 19, 2010 04:02 PM (IbZ+0)
Posted by: 4thGenerationBuck at May 19, 2010 04:03 PM (h78yC)
Perhaps if they applied Obama's laser like focus to something else?
Posted by: garrett at May 19, 2010 04:03 PM (KCEPJ)
Posted by: Purple Avenger at May 19, 2010 04:05 PM (CwfEA)
Posted by: Eeyore at May 19, 2010 04:06 PM (8OTio)
Posted by: bergerbilder at May 19, 2010 04:06 PM (S1Ttj)
Posted by: WalrusRex at May 19, 2010 04:06 PM (xxgag)
consequently making multi-tasking in the can much more efficient.
Recently though, my findings would indicate little change, which is known in some circles as flatulent.
Posted by: ontherocks at May 19, 2010 04:06 PM (HBqDo)
Increasing employment with decreasing prices is just common sense.
Posted by: smackwagon at May 19, 2010 04:07 PM (Mmw0q)
Being a pessimist means never having to be disappointed, and occasionally you get a pleasant surprise.
Sorry, wrong answer. We were looking for :
"If my dick's in the glass, it's full."
Better luck next time.
Posted by: garrett at May 19, 2010 04:07 PM (KCEPJ)
I think we're at an inflection point deciding if we'll go with a depression or major-inflation. Obviously the government would in the near term prefer major inflation since a full blown depression would compel real and drastic cutbacks.
Posted by: Purple Avenger at May 19, 2010 04:07 PM (CwfEA)
Posted by: dananjcon at May 19, 2010 04:08 PM (IbZ+0)
I said several months ago that "The Stimulus Did Its Job" was Obama's Mission Accomplished.
Well, it would've been if the fucking Republicans hammered him on it 24/7.
Posted by: Mr Peebles at May 19, 2010 04:08 PM (FAI37)
Posted by: 4thGenerationBuck at May 19, 2010 08:03 PM (h78yC)
When the glass used to be filled to overflowing, what sort of person would call it half-full as we see it being depleted before our eyes?
Posted by: progressoverpeace at May 19, 2010 04:08 PM (Qp4DT)
Posted by: Jane D'oh at May 19, 2010 04:08 PM (UOM48)
Posted by: Japan's Lost Decade at May 19, 2010 04:10 PM (eWtdM)
But today Obama said he's gonna save the narcotic and human trafficking industry, so we've got that going for us, which is nice.
Posted by: Mr Peebles at May 19, 2010 04:10 PM (FAI37)
Deflation would be a tragedy. People could get kicked into a lower tax bracket and then where would Obama be?
When the govt. steps back, things fix themselves. I'm sure Obama is working on another plan.
Posted by: katya at May 19, 2010 04:10 PM (x0M6y)
Posted by: progressoverpeace at May 19, 2010 04:11 PM (Qp4DT)
Color me whatevah.
Posted by: sifty at May 19, 2010 04:11 PM (P8eW0)
Plan 9 From Outer Space. I think it has to do with flesh eating zombies or something like that.
Posted by: Purple Avenger at May 19, 2010 04:12 PM (CwfEA)
The dollar has been shooting up like a rocket because of the problems in Europe, both the dollar and a double dip recession in Europe is driving the price of oil down. Our bonds still have a low interest rate because they are the only ones in the world that you might have a chance of getting redeemed so eveyone is buying them and dumping junk bonds in Europe.
Our Economy has only grown an average of 3.5% for 3 quarters which puts us below what it was when Obama took office.
Outside of that eveything is sweet!
Posted by: robtr at May 19, 2010 04:12 PM (fwSHf)
It begs the question: What if Boosh had done it?
Posted by: Jane D'oh at May 19, 2010 04:13 PM (UOM48)
Those of you who like to stay warm and eat; you're fucked.
Posted by: B. H. Obama at May 19, 2010 04:14 PM (r0Zl3)
And most of that was probably the supposed stimulus. That sugar high is gonna wear off fast.
Posted by: Purple Avenger at May 19, 2010 04:14 PM (CwfEA)
Outside of that eveything is sweet!
Posted by: robtr at May 19, 2010 08:12 PM (fwSHf)
Well, outside of that, zombies, werewolves, and Skynet.
Posted by: WalrusRex at May 19, 2010 04:15 PM (xxgag)
Posted by: Purple Avenger at May 19, 2010 08:14 PM (CwfEA)
It's more of a cocaine high than a sugar high. At least, sugar gives you some actual energy. Cocaine just makes you think you have energy.
Posted by: progressoverpeace at May 19, 2010 04:16 PM (Qp4DT)
Better than salt!
Posted by: Michael Bloomberg at May 19, 2010 08:16 PM (8OTio)
Salaries are ... banned!
Posted by: progressoverpeace at May 19, 2010 04:17 PM (Qp4DT)
There's your problem, right there.
Posted by: huerfano at May 19, 2010 04:17 PM (Updet)
Bayless was giving away deep secrets about the mole sauce he was making.
I have lost all respect for Bayless. Great Chef, but apparently a sopping wet vagina.
I would have told Obama to go fuck himself and to get a different Chef.
Posted by: Home De Pot at May 19, 2010 04:17 PM (KCEPJ)
Posted by: Jane D'oh at May 19, 2010 04:17 PM (UOM48)
Posted by: Jane D'oh at May 19, 2010 08:17 PM (UOM4
--Levin just mentioned that too. Apparently Weenie has a hit list or something.
Posted by: logprof at May 19, 2010 04:18 PM (Mmw0q)
#47
Dude should really consider changing his name to Savage.
It's funny, he can never run for president.
Posted by: Delta Smelt at May 19, 2010 04:19 PM (8OTio)
Good News - with tens of millions of transnationals driving down the cost of production, prices should go down too! This is so much smarter than cranking up the printing presses and shoveling greenbacks onto the streets to offset higher costs.
Posted by: Druid at May 19, 2010 04:19 PM (Oe01r)
Posted by: Purple Avenger at May 19, 2010 08:14 PM (CwfEA)
Yeah pretty much all of it. If you take $1Trillion out of the economy that's about 10%. If you figure we end up with an average 4% growth 6% of the stimulus was either wasted or ended up in the Obama retirement fund.
Posted by: robtr at May 19, 2010 04:19 PM (fwSHf)
Golf? The field is wide open without Tiger.
Posted by: Jean at May 19, 2010 04:20 PM (CPefM)
Now, he can kiss my ass. Wonder how he's loving Bambi cutting off his Tweet?
Posted by: Jane D'oh at May 19, 2010 04:20 PM (UOM48)
Posted by: Some White Guy at May 19, 2010 04:20 PM (Ktq3v)
Who's getting stimulus?
Largest stimulus recipients in Cincinnati-Middletown Metropolitan
Area:
--And who is one of the biggest pimps for Cap and Trade?
Posted by: logprof at May 19, 2010 04:20 PM (Mmw0q)
Posted by: laceyunderalls at May 19, 2010 08:18 PM (yd2GH)
They may get new windows but I've got a feeling they will still be in the dark.
Posted by: WalrusRex at May 19, 2010 04:21 PM (xxgag)
Good thing I've got God, Gold, Guns, and Guts. Got a feeling I'm gonna be needing 'em.
Posted by: The Highland Pipes at May 19, 2010 04:21 PM (PCUu5)
Predict the next move is to make a big show of extending funemployment benefits, more La Raza talk, and possibly making noises about raising the minimum wage. Guaranteed to make the urban voters base salivate.
Posted by: sifty at May 19, 2010 04:21 PM (P8eW0)
I know, I know...don't call me Shirley.
Posted by: mpfs, Kia Hamster Fan at May 19, 2010 04:21 PM (QuP9W)
What does it mean when the meniscus is half way up the side of a glass?
Is the glass half full or half empty?
Depends on whether you're pouring or drinking.
Posted by: Philosopher at May 19, 2010 04:21 PM (o0R2E)
Posted by: progressoverpeace at May 19, 2010 04:22 PM (Qp4DT)
Posted by: Delta Smelt at May 19, 2010 04:24 PM (8OTio)
Posted by: sifty at May 19, 2010 04:24 PM (P8eW0)
Perspective:
The cost to erect the building in 1964-- $13.5 million.
The cost to replace the windows in 2010-- - $34 million.
Posted by: laceyunderalls at May 19, 2010 04:24 PM (yd2GH)
speaking of the oil spill...
does anyone really give a shit about it? I don't. I know the Obama admin and the Democrats are trying to make people think that people are outraged about it, but it's not working.
Sorta like the faux outrage generated by torture. And the faux outrage generated by racial profiling. Nobody gives a shit.
The only people who believe these fabricated outrages are the...
stupid Republicans in Congress.
Posted by: Mr Peebles at May 19, 2010 04:24 PM (FAI37)
We used to go to Bayless' restaurant Fronterra
Always been a fan of Rick's cooking and style.
I just can't believe a world renowned Chef would take any shit from a talentless hack like Obama.
Bayless is a culinary legend.
Obama is a little twat.
Posted by: garrett at May 19, 2010 04:24 PM (KCEPJ)
It's like...
nobody gave a shit about the caribou in Alaska. The only people who bought load of crap was, apparently, the ball-less Republicans.
Posted by: Mr Peebles at May 19, 2010 04:25 PM (FAI37)
Posted by: Jane D'oh at May 19, 2010 04:25 PM (UOM48)
Now, he can kiss my ass. Wonder how he's loving Bambi cutting off his Tweet?
What happened? I was supposed to meet this guy last year.
Posted by: 48%er at May 19, 2010 04:26 PM (gxpfq)
Posted by: Delta Smelt at May 19, 2010 08:24 PM (8OTio)
I think you're right. And he might lean towards feeding Christians to the lions, once again. There definitely is that sort of vibe, these days.
Posted by: progressoverpeace at May 19, 2010 04:26 PM (Qp4DT)
Posted by: mpfs, Kia Hamster Fan at May 19, 2010 04:27 PM (QuP9W)
#73
Drill in the damned ANWR!!!
I support the Arizona National Guard going up to Alaska and clearing out the caibou with their M-16s.
Posted by: Mav McCain at May 19, 2010 04:28 PM (8OTio)
nobody gave a shit about the caribou in Alaska.
I do!
Those fuckers are the tastiest thing on four legs in North America!
Posted by: garrett at May 19, 2010 04:28 PM (KCEPJ)
I've always have a use for a little twat. And look forward to the next time I get to see one.
Obama, not so much.
Posted by: sifty at May 19, 2010 04:28 PM (P8eW0)
Did somebody say "stand up and take a bow Joe", because I think I heard that.
I'm not saying I'm an economic genius, though some have said that, and worse.
Anyway now that I've got this economy humming, I'm going to take a break for a day or two, and then it's back to foreign affairs.
Think big, China "The 58th State". Yep, I gotta plan, and when Joe's got a plan look out nurse.
True story, and Joe wouldn't bullshit a bullshitter. Know what I mean?
Posted by: Joe the lawyer Biden at May 19, 2010 04:29 PM (3HxtL)
Hope if Bayless was drinking the Koolaid beforehand, he had his eyes opened by now. Bambi don't play.
Posted by: Jane D'oh at May 19, 2010 04:29 PM (UOM48)
Perspective:
The cost to erect the building in 1964-- $13.5 million.
The cost to replace the windows in 2010-- - $34 million.
Yearly savings: $250,000
Years to recoup investment: 136
Ouch!
Posted by: Atomic Roach at May 19, 2010 04:29 PM (Oxen1)
Posted by: mpfs, Kia Hamster Fan at May 19, 2010 08:27 PM (QuP9W)
No. They'll feed Christians to the lions - since the left are terrified of Christians - and they'll say that the lions are all owned by Jews.
The only "good" religion to them is the rock-praying moon cult.
Posted by: progressoverpeace at May 19, 2010 04:30 PM (Qp4DT)
Posted by: Jane D'oh at May 19, 2010 08:20 PM (UOM4
--I know what that's like.
Posted by: John Bobbitt at May 19, 2010 04:30 PM (Mmw0q)
Leave the rest for the Greenpeace bitches to cry over.
Buzzards gotta eat, same as worms.
Posted by: sifty at May 19, 2010 04:30 PM (P8eW0)
It's going to be a long hot summer........and global warming won't have anything to do with it.
Posted by: GarandFan at May 19, 2010 04:31 PM (6mwMs)
John Weld Peck? A federal building named after....who?
Didn't that guy work for the US EPA in Manhatten in the 80's and was killed in a bizarre incident when over 1,000 lb of melted marshmellows were poured on him?
I think I remember that. Or was it just a dream?
Posted by: Reader CJ Burch says.... at May 19, 2010 04:32 PM (sJTmU)
Hornier than a three-peckered billygoat drunk on tequila.
Doesn't help that all the women around here in Burbank forgot to wear half their clothes today.
Posted by: sifty at May 19, 2010 04:33 PM (P8eW0)
It ain't. And look for another big round of mortgage defaults.
Uhmm they just set a new record today and home sales dropped 27%.
Posted by: robtr at May 19, 2010 04:33 PM (fwSHf)
Posted by: Delta Smelt at May 19, 2010 04:33 PM (8OTio)
Probably could have gotten similar results with much cheaper TiO window films that wouldn't have required all the moving, and could have been applied in a matter of weeks rather than years.
Posted by: Purple Avenger at May 19, 2010 04:33 PM (CwfEA)
Posted by: robtr at May 19, 2010 04:34 PM (fwSHf)
Posted by: rim shot at May 19, 2010 04:34 PM (0K3p3)
I am so lookeeng forward to deener tonight.
Posted by: Sonia Sotomayor at May 19, 2010 04:35 PM (KCEPJ)
Posted by: robtr at May 19, 2010 04:35 PM (fwSHf)
Posted by: Elena "Hot" Kagan
How YOU doin'?
Posted by: Janet Napalitano at May 19, 2010 04:36 PM (yQWNf)
Posted by: Mosquitos and ticks, only other wildlife in ANWR at May 19, 2010 04:36 PM (OkT2m)
MFM?
I can't find the translation.
Meat Free Media?
Monkey Faced Maldivians?
Mad Fanciful Metrosexuals?
Posted by: Jimmy Doolittle at May 19, 2010 04:36 PM (vwh8M)
Posted by: sifty at May 19, 2010 04:36 PM (P8eW0)
Posted by: Jane D'oh at May 19, 2010 04:37 PM (UOM48)
Posted by: Jean at May 19, 2010 04:37 PM (CPefM)
Birria: What they do with the donkey after the show.
Posted by: sifty at May 19, 2010 04:38 PM (P8eW0)
Probably could have gotten similar results with much cheaper TiO window films that wouldn't have required all the moving, and could have been applied in a matter of weeks rather than years.
But then that wouldn't help the Neal Deal Coalition Part Deux: The Saved and/or Created Years.
Posted by: laceyunderalls at May 19, 2010 04:39 PM (yd2GH)
Posted by: sifty at May 19, 2010 04:40 PM (P8eW0)
Birria: What they do with the donkey after the show.
Posted by: sifty at May 19, 2010 08:38 PM (P8eW0)
It makes its own gravy!
Posted by: stuiec at May 19, 2010 04:41 PM (7AOgy)
Sooooo that's what Ace is always talking about. Got it.
Posted by: Delta Smelt at May 19, 2010 08:40 PM (8OTio)
I didn't say that, I was just giving you the first thing that came to mind.
Posted by: robtr at May 19, 2010 04:41 PM (fwSHf)
Posted by: Jane D'oh at May 19, 2010 04:42 PM (UOM48)
Posted by: Captain Hate at May 19, 2010 04:43 PM (YfeQ4)
Posted by: Scrooge McDuck at May 19, 2010 04:43 PM (2p0e3)
Posted by: slapwagon at May 19, 2010 04:43 PM (Gk/wA)
Posted by: Elena "Hot" Kagan at May 19, 2010 08:32 PM (UOM4
It wouldn't work out. We'd just fight about who eats beaver better.
Posted by: Herr Morgenholz at May 19, 2010 04:43 PM (r0Zl3)
MFM?
male-female-male, kind of like a sammich
Oh, you mean the European version of a three-way? Twice the man-ass and four times the fore arm.
Posted by: wooga at May 19, 2010 04:44 PM (2p0e3)
Posted by: Your electric bill at May 19, 2010 04:45 PM (kI9X8)
Posted by: Jane D'oh at May 19, 2010 04:45 PM (UOM48)
I suspect uncertainty is a larger factor in the price of gold these days than dollar strength or any data coming out of Washington.
Posted by: Purple Avenger at May 19, 2010 04:46 PM (CwfEA)
I didn't learn to lick through a 2x4 while playing piano for nothing.
Posted by: sifty at May 19, 2010 04:46 PM (P8eW0)
Posted by: Jane D'oh at May 19, 2010 04:47 PM (UOM48)
Posted by: gomm at May 19, 2010 04:49 PM (7JES6)
Squirmin' Brad Sherman tried this turd zeppelin at his town hall.
Posted by: sifty at May 19, 2010 04:49 PM (P8eW0)
Posted by: Purple Avenger at May 19, 2010 08:46 PM (CwfEA)
If by "uncertainty" you mean "lack of faith in the institutions and the monetary authorities, with a strong feeling that they are nothing but despicable, lying scumbags who are running everything into the ground" then I have to agree with you.
Posted by: progressoverpeace at May 19, 2010 04:49 PM (Qp4DT)
I didn't learn to lick through a 2x4 while playing piano for nothing.
Posted by: sifty at May 19, 2010 08:46 PM (P8eW0)
You've have taken the term "taking one for the team" to a whole new level.
Posted by: robtr at May 19, 2010 04:50 PM (fwSHf)
Which of course is why tax receipts have completely collapsed, right?
Posted by: Purple Avenger at May 19, 2010 04:52 PM (CwfEA)
When Barack and I get finished with you trash, you'll be grateful we're your betters.
Posted by: Michelle "skinny assed" O at May 19, 2010 04:53 PM (UOM48)
I knew I always hated her for some reason. What a dope.
Posted by: progressoverpeace at May 19, 2010 04:53 PM (Qp4DT)
Posted by: ParisParamus at May 19, 2010 04:53 PM (lf/rr)
Posted by: Ben Nelson's Hairpiece at May 19, 2010 04:56 PM (zfRju)
Posted by: sifty at May 19, 2010 04:57 PM (P8eW0)
The Wright State University's College of Engineering knows that "recovery is on the way" is bull$shit. One of the reasons that I picked WSU to get my Mechanical Engineering bachelor's degree was because they had an employment guarantee: if you graduated with a GPA of 3.0 or higher and could not get a job in your field within three months, they would give you your Masters degree for free.
Well that program just went by-by. Yea, Hope-n-Changetm.
Posted by: Retired Buckeye Cop-- at May 19, 2010 04:57 PM (bCQG3)
Posted by: bergerbilder at May 19, 2010 05:03 PM (S1Ttj)
Posted by: dananjcon at May 19, 2010 05:06 PM (PFfns)
Let me guess...you're doing car/boat repossessions, or processing foreclosures, right?
Posted by: Purple Avenger at May 19, 2010 05:08 PM (CwfEA)
Posted by: Todd Uso at May 19, 2010 05:10 PM (zfRju)
Posted by: gomm at May 19, 2010 05:11 PM (73jUp)
Posted by: dananjcon at May 19, 2010 05:13 PM (PFfns)
Yea, transitioning from employed to unemployed will do that. So will enforced shorter hours, or PhD's taking jobs as Walmart greeters.
Posted by: Purple Avenger at May 19, 2010 05:14 PM (CwfEA)
Posted by: gomm at May 19, 2010 05:15 PM (73jUp)
Posted by: Grasping Minnie's Peals at May 19, 2010 05:15 PM (zfRju)
@155: " 70's style european economy, with moderate growth, vastly expanded social benefits and redistribution of income, and centralized control from washington"
Don't forget the riots and homegrown terrorists.
*ponders*
I just gotta find some chick with a good last name so we can found the Itches-[whomever] Gang. Or I could go with something more Italian: Brigada Fa Cube.
Nope, Itches Republican Army - that's the one. Although, it does kinda remind one of the wimpy, socialist-lite political party.
Posted by: Fa Cube Itches at May 19, 2010 05:20 PM (kmEfr)
Posted by: Grasping Minnie's Peals at May 19, 2010 05:20 PM (zfRju)
Posted by: AngelEm at May 19, 2010 05:22 PM (Aq93A)
Posted by: ParisParamus at May 19, 2010 05:22 PM (lf/rr)
@162: "I've got a great last name, kinda old-school, though"
The Itches-Em Gang? Sounds like a cheap anti-fungal powder.
Posted by: Fa Cube Itches at May 19, 2010 05:26 PM (kmEfr)
Posted by: dananjcon at May 19, 2010 05:27 PM (PFfns)
Posted by: Grasping Minnie's Peals at May 19, 2010 05:27 PM (zfRju)
I don't; not at all. I'm just realistic about the current junta's proclivity for placing it in shackles and chains.
Posted by: Purple Avenger at May 19, 2010 05:28 PM (CwfEA)
Posted by: AngelEm at May 19, 2010 05:30 PM (Aq93A)
Posted by: torabora at May 19, 2010 05:31 PM (+FTzN)
Posted by: Dierdre Thwackhammer IV at May 19, 2010 05:31 PM (zfRju)
Posted by: Elena "Hot" Kagan
How YOU doin'?
Posted by: Janet Napalitano at May 19, 2010 08:36 PM (yQWNf)
Want to make a movie (hand spastics, body twitches)?
Posted by: Janet Reno at May 19, 2010 05:34 PM (+FTzN)
Try to keep up, Chicken Little. BP's capturing 60% of the leak as we speak, and sees no reason they can't increase that percentage as the week goes on.
Posted by: Waterhouse at May 19, 2010 05:36 PM (cBHtc)
bi-flation
Inflation on things needed for survival, deflation on luxury and unnecessary type goods.
Posted by: shibumi at May 19, 2010 05:46 PM (OKZrE)
Posted by: dogfish at May 19, 2010 06:03 PM (9dIfg)
Just a thought.
Posted by: progressoverpeace at May 19, 2010 06:35 PM (Qp4DT)
BTW, people should keep awares that the idiots in the federal government are touting price deflation, while we have been inflating the monetary supply. Their answer is that, as prices deflate, we must combat that by destroying the value of the currency through monetary inflation. This is the most insane conception of price stabilization that I have ever heard of in my life. It is perverted, in the extreme.
Thank you progressoverpeace for the most lucid explanation of why the current talk of deflation is completely idiotic. Prices will decline if 1) less and less dollars chase more and more economic activity or 2) prices will decline if demand is reduced from less and less economic activity or 3) prices will decline if supply is greatly increased.
Its hard to believe that the monetary supply (#1) is contracting given the easy money policy of the Fed.
Posted by: Ken at May 19, 2010 06:46 PM (UdULD)
Posted by: JorgXMcKie at May 19, 2010 07:25 PM (290l2)
The cup's half full, so cut the cup by half!!
Posted by: progressoverpeace at May 19, 2010 08:08 PM (Qp4DT)
Posted by: dfcvbcb at May 19, 2010 08:09 PM (n2yDq)
The Chinese are so fucked. They are going to want US debt over the next 10 years like Chris Reeve wanted baby fetuses.
The Fed just opened a mother fucking discount window to Europe. That tells you how fucked Europe is. European banks have eased lending to each other. The Greek Central bank was shorting it's own nation's assets. The Germans step in to ban naked short selling in the CDS markets. That's going to really piss off European central banks that are shorting against themselves to protect their gentry. The IMF and the Fed are the new lender of last resort.
Europe is so toast. The United States can pimp out China for a while. They still thurst for oil which we're now reducing in price so they can get a shit ton more with more valuable excess US dollars due to the trade surplus. You're welcome Beijing. You cocksuckers.
Posted by: wtfci at May 19, 2010 08:13 PM (EbpbH)
And they're talking about instituting circuit breakers for individual stocks, here. How fucked up is that? You know they just want to issue the prices every day. They seem to think they can.
If anyone thought the valuation of derivatives was difficult, just try and model all these ad hoc interventions into price movement. Sheesh.
Posted by: progressoverpeace at May 19, 2010 08:19 PM (Qp4DT)
Posted by: doug at May 20, 2010 05:37 AM (dDxif)
KY has heard of his father's incredible feats of pork, and they'd like some. Both Pauls are phony paleocon hustlers who belong in the LP, but Rand Paul will likely win that election and vote with our side.
Posted by: Tattoo De Plane at May 20, 2010 07:46 AM (mHQ7T)
Posted by: pdu at January 13, 2011 06:05 PM (hiiaP)
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Posted by: Vic at May 19, 2010 03:57 PM (6taRI)