November 23, 2011

DOOM: Breaking up is hard to do
— Monty

DOOOOM

PSA: This is the last DOOM of the week. Have a happy Thanksgiving and try to forget about the DOOM while you're spending the holiday with friends and family. DOOM will resume as usual next Monday.

The SSDI disaster. Just another reason among the multitudes as to why Social Security as a program is doomed.

GDP revised down to 2%. The productivity falloff in the past decade has been one of the great under-appreciated trends in modern economics, I think.

The CMEÂ’s reputation has been tarnished by this MF Global business, but there is also a lot of investor confusion and misunderstandings about just how regulated (and risky) the futures market really is. When investing in futures (or really any derivative), follow the same basic advice as you would when gambling: donÂ’t bet what you canÂ’t afford to lose.

Mark Steyn on the failure of the Super Committee:

Those who can do. Those who canÂ’t form a supercommittee. Those who canÂ’t produce a majority vote in a supercommittee sequester. Those who canÂ’t even sequester are telling the world something profound about American inertia.

Three scenarios where Uncle Sugar bails out the EU. No money? No problem! WeÂ’ll just print more!

And now for the next wheel falling off the Eurozone train...Belgium! (Who has been without a government for more than a year now, by the way.).

More terrifying chart-fu.

Back off, man, IÂ’m a scientist. (Always go to the classics for tasty quotes, that's my opinion.)

German Chancellor Angela Merkel: “We must re-establish the primacy of politics over the market.” This in a nutshell is everything that is wrong with the sovereign governments of both Europe and the United States (and China, and Russia, and...well, you get my point). The “market” is not a thing to be managed, or a process to be controlled. The market is just an aspect of the natural world, working on the creatures who move through it. Merkel’s comment reflects the combination of arrogance and ignorance that is at the root of so many of our economic problems.

UPDATE 1: Chinese manufacturing at a 32-month low. The signs of a Chinese economic downturn are multiplying rapidly.

Posted by: Monty at 04:35 AM | Comments (137)
Post contains 374 words, total size 4 kb.

1 Want!!!!!!

Migrant kitteh want free turkey........and cheese.

Posted by: Vic at November 23, 2011 04:45 AM (YdQQY)

2 I have been raising hell about the SSDI disaster for a long time now. If they fixed the fraud and abuse there it would go a long way to balancing the budget.

Posted by: Vic at November 23, 2011 04:47 AM (YdQQY)

3 No money? No problem! WeÂ’ll just print more!

As I said in yesterday's doom, the SOBs are killing me.

Posted by: Vic at November 23, 2011 04:48 AM (YdQQY)

4 From the Steyn link:

Forget the Supercommittee; the timidity of the GOP frontrunners is far more disturbing. In a sane polity, they would be competing over the abolition of departments, the rollback of regulatory tyranny, the shrinking of entitlements – not to mention flying commercial and making do with a mere 20-car motorcade. This close to the abyss, public discourse is nowhere near where it ought to be.

I, for one, welcome our new Chinese overlords.

Posted by: Andy at November 23, 2011 04:48 AM (5Rurq)

5 When investing in futures (or really any derivative), follow the same basic advice as you would when gambling: donÂ’t bet what you canÂ’t afford to lose.

Very good and true and I would like to offer a friendly amendment.  Every option house that I am aware of has SIPC insurance that covers up to half a million of your equity.  Futures accounts, not so much.

Posted by: Bob Saget at November 23, 2011 04:49 AM (SDkq3)

6 Anyone who claims economists are scientists is a damnable fool who knows nothing about actual science.

Posted by: Vic at November 23, 2011 04:50 AM (YdQQY)

7 Happy Birthday to Chemjeff, William H. Bonney and Meeee!

Posted by: SCRednek at November 23, 2011 04:50 AM (Lv85W)

8 Forget the Supercommittee; the timidity of the GOP frontrunners is far more disturbing. In a sane polity, they would be competing over the abolition of departments, the rollback of regulatory tyranny, the shrinking of entitlements – not to mention flying commercial and making do with a mere 20-car motorcade.

Perry HAS called for that.

Posted by: Vic at November 23, 2011 04:51 AM (YdQQY)

9 Barack Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 04:53 AM (8y9MW)

10 Investing in commodity futures is for professionals only. And even they screw it up regularly. The fact is, commodity future were never intended as an "investment vehicle".

Posted by: Vic at November 23, 2011 04:53 AM (YdQQY)

11 I, for one, welcome our new Chinese overlords.

Posted by: Andy at November 23, 2011 08:48 AM (5Rurq)

BTW Andy, the Chinese no longer hold our debt. The fed does.

Posted by: Vic at November 23, 2011 04:54 AM (YdQQY)

12 If they fixed the fraud and abuse there it would go a long way to balancing the budget.

Vic, if they fixed the "fraud and abuse" in SSDI, it basically wouldn't exist.  Oh, there would still be some, but there are very, very few people who are so injured or ill that they literally cannot do any sort of work.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 04:56 AM (8y9MW)

13 11 I, for one, welcome our new Chinese overlords. Posted by: Andy at November 23, 2011 08:48 AM (5Rurq) Darling, I give you very best Peking duck.

Posted by: Hawt Chinese Overlord Chick at November 23, 2011 04:56 AM (niZvt)

14 aw......happy bday scredneck and chemjeff and bonney......(who's bonney?)

Posted by: phoenixgirl ready to drink the perry flavor-aid..can i get a different flavor? at November 23, 2011 04:57 AM (SH3gZ)

15 You're all a bunch of heartless bastards!!

Posted by: Newt Gingrich Impaled on the Sybian with Pelosi at November 23, 2011 04:57 AM (niZvt)

16 Try this search on google to get an idea of the extent of SSDI fraud: site:dailykos.com ssdi mental Using government money for mental health is just as destructive as using government money to feed the lazy. How many constitutionally lazy people on the margins would work to support themselves if the so-called "safety net" wasn't there to catch them? How many sucks-at-life pieces of shit would hold it together to make their own way if the SSDI gravy train wasn't giving away tickets? In other words, our insane domestic social policies funded by coercive taxation are creating free riders. I know this is harsh. I know there is such thing as mental illnesses that need treatment and people who cannot support themselves. But there is no way to maintain footing on the slippery slope once we start robbing Peter to pay Paul in the name of a bullshit twisting of "promot[ing] the general welfare."

Posted by: FRONT TOWARD LEFT at November 23, 2011 04:57 AM (p7SSh)

17 Darling, I give you very best Peking duck.

Posted by: Hawt Chinese Overlord Chick at November 23, 2011 08:56 AM (niZvt)

LOL, the babe of the day is Katie Pavlich from Townhall.

Posted by: Vic at November 23, 2011 04:58 AM (YdQQY)

18 14 aw......happy bday scredneck and chemjeff and bonney......(who's bonney?)

Posted by: phoenixgirl ready to drink the perry flavor-aid..can i get a different flavor? at November 23, 2011 08:57 AM (SH3gZ)


AKA Billy the Kid

Posted by: No Whining at November 23, 2011 04:59 AM (4I7lI)

19 Vic, if they fixed the "fraud and abuse" in SSDI, it basically wouldn't exist.

I figured it was in the 50 to 75 percent category.

Posted by: Vic at November 23, 2011 04:59 AM (YdQQY)

20 >> BTW Andy, the Chinese no longer hold the majority of our debt. The fed does.

FIFY.

How many divisions does the Fed have?

Posted by: Andy at November 23, 2011 04:59 AM (5Rurq)

21 I figured it was in the 50 to 75 percent category.

It depends on what you define as "fraud and abuse."  "Fraud" of course, is easy: if you lied about your condition, it's fraud.  It's the "abuse" part that's so hard.  I doubt there are 20% of people on SSDI who truly cannot find any work.  They probably can't find work they like, or can't find work that pays what their old job did- but I sincerely doubt there are even that many who are completely disabled.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:02 AM (8y9MW)

22 How many divisions does the Fed have?

How many divisions will the Army have if the troops don't get paid? Jefferson Davis found that out the hard way: when your economy tanks, so does your national defense apparatus (in due course).

Posted by: Monty at November 23, 2011 05:04 AM (/0a60)

23

TAX John Kerry.

 

Posted by: Lemon Kitten at November 23, 2011 05:04 AM (O7ksG)

24 In the three scenarios, I don't see what the difference is between 1 and 2, and it's not clear to me how #3 works, or what the point of it is.

Posted by: Waterhouse at November 23, 2011 05:05 AM (N+nDK)

25 Nancy Pelosi and her husband are corrupt and are not paying their FAIR SHARE of the TAX burden. Pay up, Nancy.

Posted by: Lemon Kitten at November 23, 2011 05:06 AM (O7ksG)

26 As I said in yesterday's doom, the SOBs are killing me.

Posted by: Vic at November 23, 2011 08:48 AM (YdQQY)

Vic, I have an 80-yr-old buddy who's quite well to do. Every time we talk about the current mess he says, "Face it.  We're going to be poor.  We're all going to be poor, but we'll start over again.  There's nothing you're going to do to prevent this."

Posted by: RushBabe at November 23, 2011 05:06 AM (tQHzJ)

27 You'll have to pry my SSDI check (and rattle) from my cold, chubby fingers.

Posted by: 30 year old "baby" at November 23, 2011 05:07 AM (D5hxK)

28 andy whatever the number....it's that number too many

Posted by: phoenixgirl ready to drink the perry flavor-aid..can i get a different flavor? at November 23, 2011 05:07 AM (SH3gZ)

29

...and in Europe - Merkel is one of the "smart" ones. Sigh - they are boned.

 

Posted by: Lemon Kitten at November 23, 2011 05:07 AM (O7ksG)

30 Morning! I got an appoinment with an Air Force recruiter this morning! Wish me luck!

Posted by: Joffen at November 23, 2011 05:08 AM (zLeKL)

31   I doubt there are 20% of people on SSDI who truly cannot find any work.

That is probably true. That one with the adult pretend-baby really pisses me off.

Posted by: Vic at November 23, 2011 05:08 AM (YdQQY)

32 I would almost bet that what we think the Chines owns vs what they actually own compared to the feds is very different. The MFM never prints this kind of shit when the Dems are in power.

Posted by: Vic at November 23, 2011 05:10 AM (YdQQY)

33 Merkel is one of the "smart" ones. Sigh - they are boned.

And they'll probably take us down with them.  Yay!

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:10 AM (8y9MW)

34 The better question is how many people on SSDI have jobs paid in cash off the books.

Posted by: Bob Saget at November 23, 2011 05:10 AM (SDkq3)

35 Anyone who claims economists are scientists is a damnable fool who knows nothing about actual science. Ok, climate scientists.

Posted by: Jean at November 23, 2011 05:12 AM (WkuV6)

36 That one with the adult pretend-baby really pisses me off.

Exactly.  And you can't call it "Fraud" because he never lied, and you have to argue "abuse" (instead of it just being accepted that it's abuse) because a court ruled that he should be eligible.

A far better thing would be to end SSDI completely.  Life insurance pays out if you really are completely disabled and can't find any work.  I'd say it's up to you to ensure you are insured properly, the Federal Taxpayer shouldn't be on the hook.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:13 AM (8y9MW)

37 "German Chancellor Angela Merkel: “We must re-establish the primacy of politics over the market.” This in a nutshell is everything that is wrong with the sovereign governments of both Europe and the United States (and China, and Russia, and...well, you get my point). The “market” is not a thing to be managed, or a process to be controlled. The market is just an aspect of the natural world, working on the creatures who move through it. Merkel’s comment reflects the combination of arrogance and ignorance that is at the root of so many of our economic problems."

Perfect in every way.   They show every day in every way why they don't understand why "free market capitalism is the best path to prosperity"

The operative word there is FREE

Posted by: blue bonnet at November 23, 2011 05:14 AM (oZfic)

38 21. I sincerely doubt there are even that many who are completely disabled.

And therein lies the poop.  I'm missing most of my vertebrae so I can't be a Tuskegee airman.  I qualify.  Right?

Posted by: SCRednek at November 23, 2011 05:15 AM (Lv85W)

39

WASHINGTON (AP) -- The number of Americans seeking unemployment benefits ticked up slightly last week after two months of steady declines.

But the increase isn't enough to reverse the downward trend. The four-week average of applications, a less volatile measure, fell to its lowest level since April. The decline in the average signals that companies are laying off fewer workers.


No matter what the bad economic news is our friends at MiniTrue will spin it positive. And of course the MFM will spin hiring at this time of the year as employment improving and come January the increase in unemployment will be "unexpected"

Posted by: TheQuietMan at November 23, 2011 05:15 AM (1Jaio)

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 05:17 AM (9hSKh)

41 The better question is how many people on SSDI have jobs paid in cash off the books.

I'm going to guess the inverse of the number who are actually fully disabled, so 80%+.

Ok, climate scientists.

The fact you can find another group calling itself "scientists" who aren't, doesn't suddenly make the first group legitimately "scientists."  Economists aren't scientists.  Nothing they do can be tested in a laboratory environment.  Which is not to say what they do is unimportant, just that it isn't "science."  Climate scientists (who aren't Michael Mann, et. al.) are real scientists- often with degrees in Physics or Chemistry or whatever- who can test their specific theories in a lab.  It's just the field of "climate science" is (like economics) too big to test.  Anyone claiming to be a "climate scientist" should be mocked and scorned.  On the other hand, a physicist investigating the effects of X on Y, and what that might do to the climate- that's legit science.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:18 AM (8y9MW)

42 Happy Birthday SCRednek.

Posted by: Pecos, All Perry, all the time at November 23, 2011 05:19 AM (2Gb0y)

43 WASHINGTON (AP) -- American consumers barely increased their spending in October but their incomes rose by the most in seven months. The rise in take-home pay could boost spending during the upcoming holiday shopping season.

After-tax, inflation-adjusted incomes fell at a 2.1 percent rate over the summer, the biggest drop since the third quarter of 2009, just as the recession was ending.


Comrades, it's nothing but good economic news!

Economists predict growth will strengthen to an annual growth rate of 3 percent in the final three months of the year, based on more encouraging data on retail sales and factory output.


The same geniuses who see every increase in unemployment as unexpected

Posted by: TheQuietMan at November 23, 2011 05:23 AM (1Jaio)

44 I know we get all bent out of shape worrying about the debt -- but whenever I talk to the wonks around town (here in DC), they shrug it off. The baseline assumption is that it will be inflated away.

Posted by: Jean at November 23, 2011 05:23 AM (WkuV6)

45 30 Morning! I got an appoinment with an Air Force recruiter this morning! Wish me luck!
Good Luck!

Posted by: Pecos, All Perry, all the time at November 23, 2011 05:23 AM (2Gb0y)

46 Will we at least get the Doom Kitty, minus the Doom....aw never mind, wouldn't be the same.  Bring on the "Holiday from Doom".  "Doom takes a Holiday"

I could just scream...

Posted by: Paladin at November 23, 2011 05:23 AM (hxLER)

47

A far better thing would be to end SSDI completely. 

---

It's a major factor sucking Social Security dry. The explosive growth, both in percentage of Americans on SSDI and in total dollars makes it clear that SSDI is out of control and bleeding us into bankruptcy. That man-baby case is the perfect example of what a dysfunctional monstrosity SSDI has become. 

Next office over from mine in our office building is a plaintiff attorney who specializes in SSDI cases. I speak with him occassionally in the hall, usually talking about sports.. he tells me about how he goes on all kinds of expensive outings (hunting trips, Superbowl, etc.) with his doctor "friends" whom he uses to testify on his clients' behalf in SSDI cases. It's a rigged game, with taxpayers on the hook

Posted by: Mook at November 23, 2011 05:24 AM (hdIBl)

48 Happy birthday to SCredneck, chemjeff, and bonney!

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 05:24 AM (9hSKh)

49 Turned on Beck as "cooking company" and he was rattling off a list of Georgie poorgie investments wherein it may appear that georgie poorgie has access to the kind of information the plebeians do not have access to.  It was fascinating to hear that list.  Let's hope we get a list from the buffet too....

At this point, if you are in the beltway and aren't using your information as power and watching no push back really for those who do, you are feeling like a giant chump when in actuality, you should be patting yourself on the back for being moral.

Posted by: blue bonnet at November 23, 2011 05:24 AM (oZfic)

50

“The human race, to which so many of my readers belong, has been playing at children’s games from the beginning, and will probably do it till the end, which is a nuisance for the few people who grow up.” — The Napoleon of Notting Hill – G. K. Chesterton

Posted by: The Robot Devil at November 23, 2011 05:24 AM (SJzpD)

51

A far better thing would be to end SSDI completely.

There is no accountability, it will go on until it drains the coffers of all available resources...

Posted by: The Robot Devil at November 23, 2011 05:25 AM (SJzpD)

52 Thanks Pecos!

Posted by: Joffen at November 23, 2011 05:26 AM (zLeKL)

53 but whenever I talk to the wonks around town (here in DC), they shrug it off.;

Yes.  The wonks in DC have proven so effective.  They may be right that "it will be inflated away," but that's not something just to shrug off.  To "inflate away" our debt at this point is not just to invite Hyper-Inflation, but to request that it RSVP in a postage-paid envelope, and then to follow up with a phone-call to let it know how much we'd like it to come over.  National debt is now 15T.  That's bigger than our entire economy.  We can't, responsibly, just inflate that away.

Don't get me wrong- inflation will be some part of getting rid of it (if we ever do), but if inflation is the primary means of reduction of the Debt, then we're beyond "boned" all the way to "flayed," and working on "escroted."

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:26 AM (8y9MW)

54 Hi Jean.  Are you on the Yahoo Group?  Would you mind if sometime we discussed the finer points of WMDs?   

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 05:26 AM (9hSKh)

55 30 Morning! I got an appoinment with an Air Force recruiter this morning! Wish me luck!

Posted by: Joffen at November 23, 2011 09:08 AM (zLeKL)

Good luck, Joffen!  Hope all goes well.

Posted by: Tami at November 23, 2011 05:27 AM (X6akg)

56 Best of luck to you, Joffen!  Hope it goes well for you.

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 05:27 AM (9hSKh)

57 Don't sign anything w/o talking it over with a retired NCO. If you don't know any come here and ask!!!

Posted by: Jean at November 23, 2011 05:28 AM (WkuV6)

58 45 30 Morning! I got an appoinment with an Air Force recruiter this morning! Wish me luck!
Good Luck!

Posted by: Pecos, All Perry, all the time at November 23, 2011 09:23 AM (2Gb0y)

Good luck and thanks!

Posted by: The Robot Devil at November 23, 2011 05:28 AM (SJzpD)

59 They may be right that "it will be inflated away," but that's not something just to shrug off.

Think about this; they have been "inflating it away for the last 75 years and it has done nothing but get larger. You can't inflate it away.

Posted by: Vic at November 23, 2011 05:29 AM (YdQQY)

60 That was for Joffen

Posted by: Jean at November 23, 2011 05:29 AM (WkuV6)

61 Vic, I know. They think of inflation as an invisible, inevitable tax that the government can ride like a surfer.

Posted by: Jean at November 23, 2011 05:31 AM (WkuV6)

62 You can't inflate it away.

That's probably true, but you can inflate it so that it is no longer such a crippling percentage of GDP.  Of course, that would mean everything else would be correspondingly more expensive.  $50.00/gallon milk, anyone?

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:31 AM (8y9MW)

63 You will do great Joffen.
When you make it, just don't get cocky. A few decades back I was watching a Thunderbirds show, when one of the two young airmen behind me remarked "We can do that."
The taxpayer and parent in me shuddered. All I could picture was a million dollar hole in the ground and a young man BBRed.

Posted by: Pecos, All Perry, all the time at November 23, 2011 05:31 AM (2Gb0y)

64 48 Happy birthday to SCredneck, chemjeff, and bonney!

Here's my rendition (with my buddy, Pete) of the old folk song "Billy the Kid". I'm playing mandolin using Ry Cooder's arrangement

http://tinyurl.com/7nm4m7b

Posted by: The Robot Devil at November 23, 2011 05:32 AM (SJzpD)

65 They think of inflation as an invisible, inevitable tax that the government can ride like a surfer.

So they're stupid.  Great to know.

They haven't figured out that inflation may mean more absolute dollars being devoured by the voracious monster that is our government, but that it ALSO means that every use to which the government puts our money is correspondingly more expensive?

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:32 AM (8y9MW)

66 Over at Zero Hedge they are playing the game:  "Whose Debt Am I"

Bet the Europeans are slightly upset about our Thanksgiving holiday.  We'll all be busy cooking, then eating, then shopping.  We won't be paying attention again until Monday morning and they could implode by then.

Posted by: blue bonnet at November 23, 2011 05:35 AM (oZfic)

67 We won't be paying attention again until Monday morning and they could implode by then.

Oh, goody.  Something to look forward to for Monday DOOM!

Honestly, I'm getting to the point where I think it will just be better to let it happen.  Let the collapse come.  Let me deal with the aftermath and building the foundation for the future, so my kids can actually build (and therefore have) a future.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:37 AM (8y9MW)

68

SSDI:

I rent property for a living.  The number of persons I see who are on SSDI has exploded since O' blah blah got into office.  As well, I have yet to see anyone of these persons in a wheelchair, missing an arm or leg, blind etc.  I don't see anyone with traditional disabilities.  In fact, they all look healthy as hell.  Working Americans are being played hard by this government as everyone has to work harder to support the legions of free-loaders.  As we used to say in the corps, it ain't hard till its stupid...It's getting real hard nowadays...

Posted by: Survey sez at November 23, 2011 05:37 AM (6jBlD)

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 05:38 AM (9hSKh)

70 30 Morning! I got an appoinment with an Air Force recruiter this morning! Wish me luck!

Good luck to you.

Interview at potential new gig today at 2:00. Didn't get nearly enough sleep last night and I have to face this goofy test they have.

85 multiple choice questions, 15 minutes about goofy stuff like "what do you call a maker of women's hats".

It's supposed to test how you perform under pressure but the recruiter I'm working with has been trying to tell them it sucks for evaluating IT types because we have this burning need to always be right.

Posted by: Scott J at November 23, 2011 05:38 AM (KC2BE)

71 Good luck, Scott.  You'll do well - best of luck! 

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 05:40 AM (9hSKh)

72 Good luck Joffen. Have a Happy Thanksgiving all. National Lampoon's Lincolntf Family Thanksgiving is about to kick off. Oh well, at least I'm planning on stopping at a highway McDonald's for a Filet-o-Fish today. Yum. 
Plus we'll have the complete set of Sherlock Holmes on CD to listen to, which is a bonus.
Bye all.

Posted by: Lincolntf at November 23, 2011 05:41 AM (Qjh0I)

73 So Scott, What do you call a milliner?

Posted by: Pecos, All Perry, all the time at November 23, 2011 05:42 AM (2Gb0y)

74 "what do you call a maker of women's hats".

Milliner.

For the record.  (Why, yes, yes I did just look that up on Google.)

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:42 AM (8y9MW)

75 OUTRAGE: Stevie Ray Vaughan isn't even ON Rolling Stone's list of Top Ten Guitarists of All Time. Jimi Hendrix is No. 1. Whatever. Keep sucking his dead dick over an extremely limited body of work. At least you can make a case based on his technical skill and more importantly, his creativity. But who else is on it? Who is such a hot-shit guitar player that he deserves a spot on Olympus? Duane Allman. Chuck Berry Keith. Fucking. Richards. Stevie Ray Vaughan doesn't belong up there but these fucking mooks do? And it's "All Time", right? Why is Django Reinhardt not on this list? Fuck Rolling Stone. Now, more than ever.

Posted by: Empire of Jeff at November 23, 2011 05:42 AM (vzFJV)

76 At least you can make a case based on his technical skill and more importantly, his creativity proclivity for getting stoned.

Fixed, EoJ.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:43 AM (8y9MW)

77 I have yet to see anyone of these persons in a wheelchair, missing an arm or leg, blind etc.

Their not even pretending it's about being disabled any more. The Man Baby kept his SSDI after an investigation.

Posted by: Buzzsaw at November 23, 2011 05:43 AM (tf9Ne)

78 Stevie Ray, Caught in the Crossfire again?

Posted by: Pecos, All Perry, all the time at November 23, 2011 05:44 AM (2Gb0y)

79 I know i dont run teh blog but can we haz thread at least by 11?

Posted by: Flapjackmaka at November 23, 2011 05:44 AM (ZDEMd)

80 EoJ, I don't disagree with Duane Allman being on the list, but whoever left SRV off should be thrown in a woodchipper.

Posted by: Andy at November 23, 2011 05:45 AM (5Rurq)

81 I know i dont run teh blog but can we haz thread at least by 11?

The day before Thanksgiving?  We'll be lucky if we have an open thread by 1.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:45 AM (8y9MW)

82 8 Forget the Supercommittee; the timidity of the GOP frontrunners is far more disturbing. In a sane polity, they would be competing over the abolition of departments, the rollback of regulatory tyranny, the shrinking of entitlements – not to mention flying commercial and making do with a mere 20-car motorcade.

Perry HAS called for that.

Posted by: Vic at November 23, 2011 08:51 AM (YdQQY)

But, we can't support him! We think he called us heartless, and that hurt our widdle fewings.

Now Newt! That's a guy who's a through-and-through conservative, especially on illegal immigration.

If you think the size of the Federal government is too big and it's time to check its growth and even roll it back, there is only one guy in the race who's even talking about that.

If you like the size of the Federal government, well, that's why you're supporting Romney, Newt or Cain.

Posted by: Jimmuy at November 23, 2011 05:45 AM (fzG4W)

83 Thanks, folks, I already looked up milliner.

The thing is now that I know what the objective is I should do OK.

Recruiter told me he sent a former NASA engineer down there, he saw that thing about the hats as the first question and got so flustered he didn't score well enough to get the interview.


Posted by: Scott J at November 23, 2011 05:46 AM (KC2BE)

84

75 OUTRAGE:

Stevie Ray Vaughan isn't even ON Rolling Stone's list of Top Ten Guitarists of All Time.

EOJ, is top guitarist or top rock guitarist of all time? Confused. Yeah, Stevie was way good. BTW Rolling Stone is a bunch munch political rag.

Posted by: Sub-Tard Backhoe at November 23, 2011 05:47 AM (0M3AQ)

85 Rolling Stone still hasn't featured Rush on the cover, have they? Makes their pretense to being arbiters of musical excellence null and void.

Posted by: Waterhouse at November 23, 2011 05:47 AM (N+nDK)

86 The Robot Devil
Thanks for the B the K rendition.  Wife saw that I was on Ace and commented that I was having my social event of the day.  I said naw, more like my "fix".

Posted by: SCRednek at November 23, 2011 05:47 AM (Lv85W)

87 Stevie Ray Vaughan isn't even ON Rolling Stone's list of Top Ten Guitarists of All Time.

I have never been impressed with Jimi hendrix. He was a frammer. I'll lay money that Chet Atkins, Doc Watson, Merle Travis, and  Joe Maphis were not on there either.

Posted by: Vic at November 23, 2011 05:48 AM (YdQQY)

88 I said naw, more like my "fix".

"Type, type, post.  Type, type, post, man."

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:48 AM (8y9MW)

89 Stevie Ray Vaughan isn't even ON Rolling Stone's list of Top Ten Guitarists of All Time.

That is an outrage. Discovering him on Austin City Limits back in the late 80's is a major part of why I love the blues today.

Posted by: Scott J at November 23, 2011 05:49 AM (KC2BE)

90 Monty will weigh in here soon on this subject.

Posted by: Vic at November 23, 2011 05:51 AM (YdQQY)

91 Funny we're on the blues now. When I awoke this morning Eric Bibb's version of "Done Laid Around" popped into my head.

Posted by: Scott J at November 23, 2011 05:52 AM (KC2BE)

92 75. OUTRAGE:
----------------------------

Tommy Emmanuel

Posted by: SCRednek at November 23, 2011 05:52 AM (Lv85W)

93 On the ONT last night, I came up with a request for what I call the "Moron Mic Check" if any Occutards try their bullshit where you shop. Kind of a Mic Interception if you will ....

Mic check!

Obama is ....

a Stuttering Clusterfuck ..

of a ...

Miserable Failure ....

Posted by: kbdabear at November 23, 2011 05:53 AM (Y+DPZ)

94 One bit of doom you missed this time round that I covered in my doomy roundup is that EU staffers in Brussels are about to go on strike.

Sit back and grasp in the warm glow of the irony.

Posted by: Lawrence Person at November 23, 2011 05:53 AM (eRpHv)

95 Stevie Ray Vaughan doesn't belong up there but these fucking mooks do? And it's "All Time", right? Why is Django Reinhardt not on this list?

Fuck Rolling Stone. Now, more than ever. Posted by: Empire of Jeff at November 23, 2011 09:42 AM

Any Rolling Stone greatest list is going to be their own personal preferences. Since the top dogs are old hippies, every favorites list will be what's in their album collection in their attic from the 60s and 70s

Posted by: kbdabear at November 23, 2011 05:55 AM (Y+DPZ)

96 Sub-Tard, The RS issue in question comes out Friday. I checked back, and the article which references it says it's a list of the "greatest guitar players in history." In which case, fucking Charo deserves a spot ahead of Keith Richards.

Posted by: Empire of Jeff at November 23, 2011 05:55 AM (0yt4x)

97

Rick Perry for Pres, with Ron Paul as Treasury Secretary. That team might give us a fighting chance.. maybe. Still too many Boehner-style Repubs in the House and Senate to make the really tough cuts that are needed

Posted by: Mook at November 23, 2011 05:58 AM (hdIBl)

98 Rick Perry for Pres, with Ron Paul as Treasury Secretary

Forbes as Sec. Tres., Paul as Fed Chairman.

Posted by: AllenG (Dedicated Tenther) says 'No' to RINO Romney at November 23, 2011 05:59 AM (8y9MW)

99 Looks like the Germans are suddenly not immune to DOOM either - "German Bund Auction Falls Flat".

Posted by: Waterhouse at November 23, 2011 06:00 AM (N+nDK)

Posted by: Kratos (Ghost of Sparta) at November 23, 2011 06:01 AM (9hSKh)

101 But the increase isn't enough to reverse the downward trend. The four-week average of applications, a less volatile measure, fell to its lowest level since April. The decline in the average signals that companies are laying off fewer workers.

Economists predict growth will strengthen to an annual growth rate of 3 percent in the final three months of the year, based on more encouraging data on retail sales and factory output.


Glorious New 5 Year Plan from Dear Leader will double the harvests.

Posted by: The MBM at November 23, 2011 06:01 AM (Y+DPZ)

102 Newt flamewar thread up now.

Posted by: Vic at November 23, 2011 06:02 AM (YdQQY)

103 Paul as Fed Chairman. That's actually quite brilliant. "So, Doctor! Ron Paul! The good news is we've abolished the Fed. The bad news is you're fired. Back to the mothership, fucker."

Posted by: Empire of Jeff at November 23, 2011 06:02 AM (XE2Oo)

104 Mic check!

We demand ....

Free Bacon ....

and Valu-Rite!

Posted by: Moron Mic Check at November 23, 2011 06:03 AM (Y+DPZ)

105 Where the hell is MY crazy check? I can bring the crazy, no prob.
 
I recall reading of one SSD judge that had never turned down a claim. Mr. Automatic, if you could draw him.

Posted by: GnuBreed at November 23, 2011 06:06 AM (ENKCw)

106

Stole this from a National Review-Jonah Goldberg article blogger. Good stuff - its as if I said it myself:

"Romney is good at one thing, running for public office. He has had lots and lots of practice. He will say whatever he thinks his audience wants to hear. Last night, no less than three times he simply picked up an answer that another candidate had given and showed it to the audience again, "look, isn't this pretty?"

The only time he has actually governed, he did so to the left of Ted Kennedy.

Gingrich, for all his much gone over baggage, has actually accomplished some truly outstanding (conservative) things: entitlement reform, welfare reform, budget reform. Is he as consistently Conservative as I would like? Absolutely not. But he is head and shoulders above Mr.Head and Shoulders model."

 

Compare and contrast. And Vic, Perry doesn't compare.

Posted by: Sub-Tard Backhoe at November 23, 2011 06:07 AM (0M3AQ)

107 Gingrich, for all his much gone over baggage, has actually accomplished some truly outstanding (conservative) things: entitlement reform, welfare reform, budget reform.

Hahahahaha, if he actually accomplished all that shit we wouldn't be in the mess we are in now. Budget Reform, hahhaha, we see where that went. Welfare reform hahhahaha, they just changed the nae of it and made it "for the children". It has grown by leaps and bounds. Entilment reform, again not a damn bit

In short, Goldberg is FOS and so is NRO.

Posted by: Vic at November 23, 2011 06:11 AM (YdQQY)

108

Forbes as Sec. Tres., Paul as Fed Chairman.

--

I like that too. The Fed needs to be severely curtailed, but Secretary of Treasury has the power over major entitlements and can prioritize spending. Ron Paul would be awesome in either role.. he could possibly bring enough of his rabid cult-followers on board to swing the election in 2012 if Perry promised to appoint him during the campaign. 

Posted by: Mook at November 23, 2011 06:12 AM (hdIBl)

109 So Scott, What do you call a milliner? By his first name, Martin!

Posted by: FRONT TOWARD LEFT at November 23, 2011 06:19 AM (p7SSh)

110 re commodity trading -- I've done it. You put up margin deposits against any positions you hold; if things go waaay south on you the clearinghouse can close out your positions and you are still on the hook for those additional losses beyond your margin account.
 
That does NOT sound like it is the case at MF. They used segregated margin account funds to speculate privately and lost them. That's theft and fraud, not 'commodity trading losses'.

Posted by: GnuBreed at November 23, 2011 06:20 AM (ENKCw)

111 "The “market” is not a thing to be managed, or a process to be controlled. The market is just an aspect of the natural world, working on the creatures who move through it."

May be the most accurate and succinct sentence ever written on the "market".  Just WOW.  Great!!

Happy Thanksgiving!!

Posted by: haavamaal at November 23, 2011 06:27 AM (3032/)

112 67 Oh, goody. Something to look forward to for Monday DOOM!
__________

Always look on the bright side of life

Posted by: I'm Brian and so is my wife! at November 23, 2011 06:28 AM (6fER6)

113

LOL, the babe of the day is Katie Pavlich from Townhall.

This.

 

Posted by: Sasha -N- Malia at November 23, 2011 06:31 AM (Bjf6P)

114

Merkel is one of the "smart" ones. Sigh - they are boned.

Merkel has ZERO biological children, and she's now well past menopause.

Shame she couldn't have gotten "boned" a little more often, back when her ovaries were still ripe.

And so the demographic death of the West marches on, unabated...

 

Posted by: Sasha -N- Malia at November 23, 2011 06:41 AM (Bjf6P)

115 What do you call a milliner?

Sir! And hope he is  a big tipper.

Posted by: epobirs at November 23, 2011 06:56 AM (kcfmt)

116 Thanks, Monty.

Happy Thanksgiving.

Posted by: NC Ref at November 23, 2011 07:00 AM (/izg2)

117 Rolling Stones "top guitarists" list is stupid. For one thing, any list that doesn't have Doc Watson in the Top 10 is pure fail. For another, they completely ignored acoustic and some of the better jazz guys. (Charlie Christian is on there but not Joe Pass, for example).

Robert Johnson was good for his day, but no way is he one of the top 10 of all time.

Fuck Rolling Stone.

Posted by: Monty at November 23, 2011 07:00 AM (/0a60)

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Posted by: nanonu at November 23, 2011 07:10 AM (EcjQQ)

119 There are so many technically-proficient guitarists these days that any "greatest" list is mainly going to be a list of personal preferences and musical styles more than anything. My own list includes bluesmen like Joe Bonamassa, SRV, Freddie King; country pickers like Vince Gill and Roy Clark; folkies and bluegrass guys like David Rawlings, Tony Rice, Norman Blake, and David Grier; and rockers like Jack White. (Jack White is an odd one; he's a fabulous guitar player, but I don't care much for the music he plays.)

Posted by: Monty at November 23, 2011 07:10 AM (/0a60)

120 Re: Breaking up is hard to do: There's a wonderful fluff piece over at ABC about personal assistant and "Little Brother" Fluffer Reggie Love and his traumatic parting-of-ways with the Boner-in-Chief, President Obama.

It brought a tear to me eyes. *sniff*

Posted by: Fritz at November 23, 2011 07:11 AM (/ZZCn)

121 In which case, fucking Charo deserves a spot ahead of Keith Richards.

People may laugh, but Charo is a damned good flamenco player.


Posted by: Monty at November 23, 2011 07:13 AM (/0a60)

122 Tommy Emmanuel and Leo Kottke are of course amazing polymaths at the guitar as well. When they play they sound like four different people are playing the guitar at the same time -- I still have no clue how they do it.

Posted by: Monty at November 23, 2011 07:15 AM (/0a60)

123 I was wondering when you were going to weigh in on the guitar thing Monty.

I am also wondering if Rolling Stone even cares about music anymore. But be that as it may, they were never as good as Billboard.

Posted by: Vic at November 23, 2011 07:30 AM (YdQQY)

124 Part of me thinks it would be pretty cool if Europe chose this week to collapse. Since I don't care about sports it would make for some great TV.

Posted by: epobirs at November 23, 2011 07:54 AM (kcfmt)

125 Don't tell the Belgians they don't have a government. They think they're the government of Europe. Why spoil it?

Posted by: epobirs at November 23, 2011 07:58 AM (kcfmt)

126 Monty, do you think Uncle Benny "Sugar Daddy" is going to bailout Europe?
Man Americans are the nicest people on the planet. 

Posted by: blue bonnet at November 23, 2011 08:00 AM (oZfic)

127 And now for the next wheel falling off the Eurozone train...Belgium! (Who has been without a government for more than a year now, by the way.). I think we have, too.

Posted by: Socratease at November 23, 2011 08:07 AM (cmACn)

128 All due respect, the comment on the CME is off point.  The risk factor of futures is NOT at issue.  The CME operates as a clearinghouse, and has SRO responsibilities.  One of those is to assure, via audits, that customer monies are segregated from corporate funds. 
The issue here is whether investor funds are safe at any brokerage of any kind.  Seems silly, but 1.2B missing dollars says it ain't.

Posted by: dabney at November 23, 2011 10:07 AM (fzU/7)

129

Yeah I think Caddell and Schoen are right,  Dead Meat needs encouragement,  a few milligrams of potassium cyanide, strychnine, warfarin, plutonium, trans fats and Fritos,  each.

Lock 'im up good.

Posted by: icepick at November 23, 2011 10:29 AM (o0Uno)

130

*Ahem*!  Andres Segovia.

 

Happy Thanksgiving, M & Ms!

Posted by: delayna at November 23, 2011 11:12 AM (Vpydg)

131

When the Germans can't sell their bonds (specifically, they failed to sell over a third of a €6 billion offering of 10-year bonds earlier today), you know the pEU is terminally-boned.

Don't laugh; we're next.

Posted by: steveegg at November 23, 2011 11:40 AM (o44nj)

132

Posted by: Waterhouse at November 23, 2011 10:00 AM (N+nDK)

I hate it when I'm late to the DOOM.

Posted by: steveegg at November 23, 2011 11:42 AM (o44nj)

133 Obama is a stuttering clusterf*ck of a miserable failure.

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