June 07, 2010
— Monty Last night's DJIA futures were down about 1%, but seem to have recovered overnight. "It was all just a bad dream," officials said soothingly. "Just go back to sleepy-bye, my darlings."
Many economists are predicting the end of the Euro, but Jean-Claude Trichet insists that it's only a flesh wound. "We'll make it up on exports!", cry the optimists. (No word yet as to who in the world has enough money to buy those exports.)
Even the lunatic-state North Korea is not immune to economic pressures. Due to the failure of the "You'll do what I tell you and like it!" economic plan, and failing health, Kim Jong-Il is trying to establish the succession of power in preparation for the day when the Devil comes to collect his black shrivelled raisin of a soul. Heightened tensions with South Korea have put world markets on edge.
"Our representative was apparently smoking crack-rock", said Hungarian officials over the weekend, in response to questions about Hungary's potential for default on its debts. "Seriously, this dude was tripping balls. We're not broke or anything -- honest! Pinkie swear!" Hungarian officials then whipped out rolls of Hungarian bank-notes and riffled them. "Check out this cheeze. Does this look like we're broke, bitches?"
In other news, California is still boned.
Brought to you by Purina Human Chow.
Posted by: Monty at
04:27 AM
| Comments (152)
Post contains 229 words, total size 2 kb.
Posted by: dr kill at June 07, 2010 04:37 AM (w9bVp)
Posted by: Monty at June 07, 2010 04:42 AM (4Pleu)
Posted by: nevergiveup at June 07, 2010 04:45 AM (0GFWk)
Posted by: jcjimi at June 07, 2010 04:49 AM (I7L+g)
Posted by: Jean at June 07, 2010 04:50 AM (JaO+v)
UK Cameron: Interest Payments On Govt Debt GBP70 Bln By 2015
LONDON (Dow Jones)--The U.K. government would have to pay GBP70 billion in interest on its debt by 2015 if it doesn't take urgent action to cut its borrowing, Prime Minister David Cameron said Monday.
When paying off the interest on your debt starts to be the primary allocation for your budget...only chaos ensues.
Posted by: Kratos (missing from the side of Mt Olympus) at June 07, 2010 04:51 AM (9hSKh)
Posted by: bigred at June 07, 2010 04:51 AM (WUwAu)
Posted by: Johnnyreb at June 07, 2010 04:52 AM (Mv/2X)
Try some free-range hobos if the canned Human Chow gets too old for you. If there's one thing that Obamanomics is going to stimulate the production of, it's more hobos.
Posted by: Kratos (missing from the side of Mt Olympus) at June 07, 2010 04:53 AM (9hSKh)
The Joos spread their human chow on bagels. They call it "lox."
I'm always sad that when I was in Korea, I never got a sideways-pinstripe suit.
Posted by: Big Fat Meanie at June 07, 2010 04:55 AM (8lCJT)
Posted by: jcjimi at June 07, 2010 04:57 AM (I7L+g)
Posted by: Mjim at June 07, 2010 04:57 AM (mMdWG)
Posted by: Big Fat Meanie at June 07, 2010 04:59 AM (8lCJT)
Posted by: alexthechick at June 07, 2010 04:59 AM (8WZWv)
Posted by: Jean at June 07, 2010 04:59 AM (QFzyw)
Posted by: Todd Bridges, Survivor. Outwit, outlast and outplay. at June 07, 2010 05:00 AM (qL20/)
Posted by: andycanuck at June 07, 2010 05:00 AM (7b1Uc)
Posted by: bigred at June 07, 2010 05:00 AM (WUwAu)
That's the problem with fiat currency. Without a commodity to index against, currencies are as valuable as people "feel" they are, which is as irrational as the DJIA shitting 1000 points in a single session, then making up nearly all the losses the next trading day.
The Euro's strength has always been based on European feelings of superiority to the U.S. and now they're having their pants pulled down. Fuck 'em with a bent rebar. I'm glad to see their socialist experiment go down in flames. Hopefully we'll learn from it in time.
Posted by: Empire of Jeff at June 07, 2010 05:01 AM (CthB/)
although that Allie stuff is expensive so maybe not?
I wouldn't worry so much about the expense as the anal leakage. You know, that's not a side effect, that's a freaking oh HELL NO for use for me.
Posted by: alexthechick at June 07, 2010 05:01 AM (8WZWv)
Posted by: Monty at June 07, 2010 05:01 AM (4Pleu)
From the Nork article at the KCNA New York Times:
The departing premier reportedly made a rare apology in February for making a policy blunder after the government drastically revalued its currency in a move that was designed to fight inflation but created public unrest.
Inflation? Public Unrest? I do not think Pyongyang is like Athens.
Posted by: Big Fat Meanie at June 07, 2010 05:03 AM (8lCJT)
Posted by: Jean at June 07, 2010 05:03 AM (JaO+v)
I think I will be saving some money since I want to loose 20-30 pounds
It is one of the most annoying things of modern life that losing weight usually costs money... unless you are willing to lose weight by cutting meat and switching to one of those whole grain diets. Personally, I find I can only eat so much brown rice and beans!
Posted by: Y-not at June 07, 2010 05:03 AM (Kn9r7)
Kudos to you, Mjim! Any good news is welcome around here.
Iran's first women-only bank opens in holy city of Mashhad - IRNA news agency via Reuters
Aint that sweet of the Iranians...
Posted by: Kratos (missing from the side of Mt Olympus) at June 07, 2010 05:04 AM (9hSKh)
Posted by: Monty at June 07, 2010 05:04 AM (4Pleu)
Posted by: bigred at June 07, 2010 08:51 AM (WUwAu)
I hear ya!
Posted by: conscious, but incoherent at June 07, 2010 05:08 AM (YVZlY)
Thankfully I just landed a job. That's my Monday good news.
Outstanding! Good for you. One down, several million more to go...
Posted by: BackwardsBoy at June 07, 2010 05:10 AM (i3AsK)
Posted by: Jean at June 07, 2010 05:10 AM (PjevJ)
Posted by: Lincolntf at June 07, 2010 05:11 AM (7EDH5)
I lose weight when I can't afford beer and get it back when I can. *snicker*
Posted by: HeatherRadish at June 07, 2010 05:11 AM (OkT2m)
hahahhahhahahhahahhahahahhahah
Posted by: curious at June 07, 2010 05:11 AM (p302b)
Posted by: koopy at June 07, 2010 05:12 AM (awinc)
Posted by: nevergiveup at June 07, 2010 05:13 AM (0GFWk)
Posted by: Monty at June 07, 2010 05:13 AM (4Pleu)
Posted by: bigred at June 07, 2010 05:14 AM (WUwAu)
Posted by: Mjim at June 07, 2010 08:57 AM (mMdWG)"
wooo hoooo....great.....good for you....go get em.....you're the best...
oh what great news this morning!!!! congratulations...
Posted by: curious at June 07, 2010 05:14 AM (p302b)
Brought to you by Purina Human Chow.
Seriously real possibility at the rate things are going. Oh. well, Taco Bell is already serving that shit under the title of burrito.
Posted by: maddogg at June 07, 2010 05:15 AM (OlN4e)
Posted by: maddogg at June 07, 2010 05:17 AM (OlN4e)
Posted by: curious at June 07, 2010 05:17 AM (p302b)
A Real Profile In Courage
I concur with the following response from my agent to Helen Thomas’ lamentable remarks about Israel, and will no longer be working with Helen on our book projects.—Craig Crawford
Condemning an almost ninety year old woman and severing all ties over an offensive remark takes balls! So bold! So noble! Any thoughts on Jimmy the Greek or Howard Cosell? HeÂ’s already left MSNBC citing irreconcilable differences- how long before he is at PJTV or FOX?"
And his comments section is littered with anti-Semites now. Wow, that blog has really gone way downhill.Posted by: Phil at June 07, 2010 05:20 AM (6Oe5v)
Posted by: Monty at June 07, 2010 05:20 AM (4Pleu)
Posted by: Jean at June 07, 2010 05:24 AM (tJF9l)
Posted by: bigred at June 07, 2010 05:26 AM (WUwAu)
Posted by: The Cockroach at June 07, 2010 09:13 AM (5jCbz)
Get in line, bitch!
Posted by: The Meek at June 07, 2010 05:26 AM (YVZlY)
The European union. Has a flag no one salutes, an anthem no one sings, a army that couldn't defend its own barracks, and a currency no one really wanted.
Yup that sounds exactly like early America...
Posted by: Ben at June 07, 2010 05:27 AM (wuv1c)
Does Belgium have a Government yet - or are they still refighting the war of 1870?
how can you take a group with the name Walloons seriously?
Posted by: Ben at June 07, 2010 05:27 AM (wuv1c)
Posted by: Today's Stocke Market at June 07, 2010 05:28 AM (YVZlY)
Posted by: Ben at June 07, 2010 05:28 AM (wuv1c)
Posted by: Jean at June 07, 2010 05:29 AM (tTdaQ)
Posted by: BackwardsBoy at June 07, 2010 05:32 AM (i3AsK)
60 Germany should just make an economic union with all the germanic and nordic countries. it would be considerably stronger and more stable.
They tried that in the early forties, didn't work out.
Posted by: maddogg at June 07, 2010 05:33 AM (OlN4e)
Posted by: Jean at June 07, 2010 05:33 AM (tTdaQ)
Posted by: Monty at June 07, 2010 05:33 AM (4Pleu)
Posted by: curious at June 07, 2010 05:35 AM (p302b)
Posted by: Lincolntf at June 07, 2010 05:36 AM (7EDH5)
Posted by: Jean at June 07, 2010 05:36 AM (OlnxK)
Posted by: phoenixgirl at June 07, 2010 05:37 AM (ucxC/)
Posted by: America at June 07, 2010 05:38 AM (x4S2a)
Posted by: Jean at June 07, 2010 05:41 AM (vb5IK)
Posted by: nevergiveup at June 07, 2010 05:41 AM (0GFWk)
Posted by: Monty at June 07, 2010 05:41 AM (4Pleu)
A plan of dignity and balance for all
Political breakthrough, euphoria's high
More borrowed money, more borrowed time
Backed in a corner, caught up in the race
Means to an end ended in disgrace
Perspective is lost in the spirit of the chase
[chorus]
Foreclosure of a dream
Those visions never seen
Until all is lost
Personal holocaust
Foreclosure of a dream
Barren land that once filled a need
Are worthless now, dead without a dead
Slipping away from an iron grip
Nature's scales are forced to tip
The heartland cries, loss of all pride
To leave ain't believing, so try and be tried
Insufficient funds, insanity and suicide
[Chorus]
[Solo : Dave]
Now with new hope some will be proud
This is no hoax, no one pushed out
Receive a reprieve and be a pioneer
Break new ground of a new frontier
New ideas will surely get by
No deed, or dividend. Some may ask "Why?"
You'll find the solution, the answers in the sky
[Solo : Marty]
Rise so high, yet so far to fall
A plan of dignity and balance for all
Political breakthrough, euphoria's high
More borrowed money, more borrowed
Posted by: MelodicMetal at June 07, 2010 05:41 AM (x4S2a)
Posted by: Jean at June 07, 2010 05:41 AM (vb5IK)
Posted by: Monty at June 07, 2010 05:42 AM (4Pleu)
Posted by: bigred at June 07, 2010 05:42 AM (WUwAu)
Early America did start out with a EU-style decentralised system. This was the Articles Of Confederation era. About the nicest thing I can say about it is that it held the country together long enough for various factions to come up with a Constitution that lasted longer.
Posted by: Zimriel at June 07, 2010 05:43 AM (9Sbz+)
Posted by: damian at June 07, 2010 05:43 AM (4WbTI)
Posted by: curious at June 07, 2010 05:43 AM (p302b)
Yeah, the article says Germany's GDP growth forecast is still only 1.6% for the year, which is pretty weaksauce.
Posted by: Waterhouse at June 07, 2010 05:43 AM (xOTwH)
Posted by: Today's Stock Market at June 07, 2010 05:44 AM (YVZlY)
Try Crusty Brand Imitation Human Chow, 4 out of 5 C.H.U.D. can't tell the difference.
each bag comes with a metal Krusty-O
Posted by: Ben at June 07, 2010 05:45 AM (wuv1c)
Posted by: Monty at June 07, 2010 05:45 AM (4Pleu)
Posted by: Waterhouse at June 07, 2010 05:46 AM (xOTwH)
Read that too. Seem like the kind of Gods that are impervious even to the Blade of Olympus.
And lookie here, Spain's reacting predictably to what they need to do.
MADRID, June 7 (Reuters) - Spain's public sector strike against a government austerity plan on Tuesday will allow the country's unemployed to vent their frustration but the real test will come in response to labour reform to be unveiled this week. Tuesday's work stoppage and planned marches, called after the government rammed through a plan to shave 15 billion euros ($17.91 billion) off the budget with public sector cuts, is a shot across the government's bows before unions receive its draft of much-awaited labour reform on Wednesday.
Posted by: Kratos (missing from the side of Mt Olympus) at June 07, 2010 05:46 AM (9hSKh)
Posted by: Jean at June 07, 2010 05:47 AM (PjevJ)
Jean 76, the ZH commenters are having a good long laugh at it.
Copper and crude are boomtime commodities, unless someone is interfering with the supply chain (by blockading Hormuz and Suez, for instance). When everything sucks, demand for that stuff falls off. Making those commodities the base for a monetary system makes no sense to me, and it doesn't make much sense to ZH either.
Sometimes ZH will run an article or quote an article from a moron just to give the commenters something to poop on.
Posted by: Zimriel at June 07, 2010 05:47 AM (9Sbz+)
Posted by: Monty at June 07, 2010 05:47 AM (4Pleu)
Posted by: curious at June 07, 2010 09:45 AM
Well my nose is clearing a little but I don't rub it all over my chest like mom did.
as far as you know
Posted by: jcjimi at June 07, 2010 05:48 AM (I7L+g)
Ask a Greek
Posted by: jcjimi at June 07, 2010 05:49 AM (I7L+g)
Posted by: Zimriel at June 07, 2010 05:50 AM (9Sbz+)
OT: But one of the "humanitarian" ships attempting to go to Gaza is called the ..... "Rachel Corrie".
Heh.
Posted by: IreneFingIrene at June 07, 2010 05:51 AM (JKe0g)
Well my nose is clearing a little but I don't rub it all over my chest like mom did.
oh i remember those days. you mom was the best.
Posted by: Ben at June 07, 2010 05:51 AM (wuv1c)
Posted by: Monty at June 07, 2010 05:52 AM (4Pleu)
Posted by: curious at June 07, 2010 09:51 AM
Yeah. Knew that. Check your URL.
Oh I meant "a Grecian" above. Not "a Greek".
Posted by: jcjimi at June 07, 2010 05:54 AM (I7L+g)
Posted by: Zimriel at June 07, 2010 05:54 AM (9Sbz+)
Posted by: Zimriel at June 07, 2010 09:54 AM (9Sbz+)"
This is what worries me. Last year they were stockpiling steel.
Posted by: curious at June 07, 2010 05:55 AM (p302b)
Posted by: Jean at June 07, 2010 05:55 AM (JaO+v)
Zim - so why is China stockpiling copper?
Hu Jin Tao plans on making a tomb that puts Qin Shi Huangdi's tomb to shame.
It requires a lot of lighting and therefore tons of copper.
Posted by: Ben at June 07, 2010 05:57 AM (wuv1c)
Posted by: Jean at June 07, 2010 05:57 AM (tTdaQ)
Actually that started BEFORE the war which was the major cause of the South Seceding. When the South lost there was no reason for the Radical Republicans in the North to even make any bones about it. In fact, their spokesman in Congress told the Democrat leader on the floor of the House that it was the duty of the minority Party to sit down and shut up because the majority Party (Republicans) was going to rule the nation.
The "majority Party was the majority only at the point of the gun.
Along that same score there was a question on the book thread after I left:
Vic--name of that British civil war book?
Killer Angels hands down
Which is better...Catton or Foote? I'v read Catton but not Foote.
I have a link at post #53.http://tinyurl.com/22kq9va
Posted by: Vic at June 07, 2010 05:58 AM (6taRI)
Posted by: curious at June 07, 2010 05:58 AM (p302b)
Posted by: curious at June 07, 2010 06:00 AM (p302b)
Posted by: bigred at June 07, 2010 06:00 AM (WUwAu)
Just put on CNBS. That picture on the right of the oil spill seemingly gushing more today than ever before looks oddly like the burning top of the twin towers.
i saw CNN a couple days back. They had the entire bottom right of the sceen devoted to a live shot of the oil spilling out. They kept it their through all of their shows. It was very distracting. a full 1/5 of the screen was taken up.They also had a gallon count, kind of like the debt clock, which is stupid because no on knows exactly the rate and volume of the oil leakage. So they essentially had a made up number.
i haven't checked back in, but i am sure they stopped doing that as it is extremely stupid.
Posted by: Ben at June 07, 2010 06:01 AM (wuv1c)
you should comment over there on that article. Cause you just verified what I was thinking.
Posted by: curious at June 07, 2010 06:01 AM (p302b)
Posted by: Jean at June 07, 2010 06:11 AM (h0rZ/)
Wow, a lot of let-them-eat-cake comments from the pro-government-worker contingent at Business Insider. The apologetic for the public-sector having job security runs like: you had the choice to apply for a government job, you chose the private sector, you lost, suck it up and pay your taxes.
If I said what was on my mind reading this, I'm pretty sure I'd be banned from here and deserve it.
Shorter, self-censored version: the public sector and its defenders despise the rest of us, and they need a serious wake-up call.
Posted by: Zimriel at June 07, 2010 06:15 AM (9Sbz+)
I consider myself lucky, as I know there are still lots
without work.
Posted by: Mjim at June 07, 2010 06:15 AM (mMdWG)
No rumor; she was looking quite boobalicious too.
Posted by: Waterhouse at June 07, 2010 06:17 AM (xOTwH)
Posted by: bigred at June 07, 2010 06:18 AM (WUwAu)
Posted by: Jean at June 07, 2010 06:21 AM (OlnxK)
Damn. Think i may need a few moments alone after that pic.
Posted by: koopy at June 07, 2010 06:25 AM (awinc)
I don't care what anybody says, that IS teh hawt!
Posted by: Vic at June 07, 2010 06:26 AM (6taRI)
Posted by: bigred at June 07, 2010 06:32 AM (WUwAu)
Thanks, curious. You're right about cutting out (severely reducing) sugars and processed carbs as well -- those make a big difference. Also reducing alcohol, sad to say. We lost 40 (hubby) and 30 (me) pounds in Dec-Feb doing that. It was still expensive, though, as we cannot will not live without animal protein so we had to go to more expensive cuts of meat and more fish. Plus going to more fresh veggies and doing more cooking from scratch can add up.
We had to exercise, though, to get our metabolisms going.
Posted by: Y-not at June 07, 2010 06:36 AM (Kn9r7)
Here it comes, all that propping up overnight and 1st thing this morning is over, lost 7 pts in the last few minutes.
Hold on, kiddies.
Posted by: Dang Straights at June 07, 2010 06:40 AM (fx8sm)
Posted by: bigred at June 07, 2010 06:45 AM (WUwAu)
. . . so why is China stockpiling copper?
It's a major component of Rearden metal.
Posted by: Ed Anger at June 07, 2010 10:31 AM (7+pP9)"
what is 'rearden metal" please?
Posted by: curious at June 07, 2010 06:51 AM (p302b)
Posted by: Truck Monkey at June 07, 2010 06:56 AM (yQWNf)
Posted by: Monty at June 07, 2010 07:01 AM (4Pleu)
Posted by: bigred at June 07, 2010 07:03 AM (WUwAu)
Why does an E-4 have access to so much information? http://j.mp/dzsOoR #wired ... http://tinyurl.com/244dkn2 /Persecute (prosecute) those truthtellers! ...
njuice.com/OLmSt-Intelligence-Analyst-Arreste... - 11 hours ago - Similar
U.S. Intelligence Analyst Arrested in Wikileaks Video Probe ...RT @Dimitrijevic_66 US Intel Analyst Arrested in Wikileaks VideoProbe http:// tinyurl.com/244dkn2 /Persecute (prosecute) those truthtellers! ...
www.linksalpha.com/link?id=us-intelligence-an... - 12 hours ago - Similar
MacBlips - Twitter Reactions - U.S. Intelligence Analyst ...Holy Crap the Wikileaks leaker stole 260000 in diplomatic cables and apparently sent it to Wikileaks? http://tinyurl.com/244dkn2 95 minutes
Jean is this link correct? i've never gotten a whole page before?
Posted by: willow at June 07, 2010 07:09 AM (HyUIR)
bigred, and the smaller vehicles being cause..
I have seen a dozen times at the least, smaller vehicles pull in front of moving trucks, thinking they can accelerate fast enough or the truck can slow down enough quickly enough to accomodate them.
Posted by: willow at June 07, 2010 07:11 AM (HyUIR)
Rank really has nothing to do with it. I had a secret clearance as an E-3.
Posted by: Vic at June 07, 2010 07:16 AM (6taRI)
Posted by: bigred at June 07, 2010 07:21 AM (WUwAu)
Also, don't date successful high-powered female business executives. Ever.
Posted by: Entropy at June 07, 2010 07:26 AM (IsLT6)
Posted by: Jean at June 07, 2010 07:26 AM (mtAmx)
I don't care what anybody says, that IS teh hawt!
Palin looks incredible. As I woman I can't be catty about her, she is fabulous.
Todd is rawrrrrrrrrrrrrrrrrrr.
Posted by: mpfs at June 07, 2010 07:32 AM (iYbLN)
assuming the Chinese government isn't just being silly, then because they're establishing a strategic reserve in case shit meets fan in a big way.
They're probably building up their strategic reserve of empty buildings.
China's economy is a bubble. If they stop building, everything explodes.
Posted by: Entropy at June 07, 2010 07:32 AM (IsLT6)
Posted by: bigred at June 07, 2010 07:32 AM (WUwAu)
mpfs, when he passes away the undertaker will never get that sh!t-eating grin off his face.
Lucky SOB!!
Posted by: bigred at June 07, 2010 07:38 AM (WUwAu)
True that about rank having nothing to do with it -- my kids are jr. enlisted (well, one not anymore) but they have security clearance. And thanks to both of them having better grammar, typing, foreign language, and computer skills than most -- they get to do stuff that would normally be above their rank and not in their MOS. (they also get to mow the lawns, drive buses, man the .50 and the SAW, and paint the humvees besides their actual job-jobs -- the military takes an holistic approach, lol).
Well, not matter if the apocalypse hits -- the weather has been lovely the last two days. I'm planting more garden.
Posted by: unknown jane at June 07, 2010 07:55 AM (5/yRG)
Posted by: unknown jane at June 07, 2010 08:00 AM (5/yRG)
Posted by: Aristomenes at June 07, 2010 10:58 AM (t2f+y)
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Posted by: Y-not at June 07, 2010 04:33 AM (Kn9r7)