October 25, 2013
— Monty

Another nasty bite-sized nugget of DOOM, my groovy babies. One more day in His Majesty's Happy Kingdom.
Flee! Flee! Run for your lives!
Print, baby! Print until those presses catch fire!
The decline and fall of France.
The luckiest generation. The great mistake of liberalism was in assuming that this historical anomaly was the norm, and would continue to be so forever. (Also, bear this in mind: luck favors the well-prepared.)
Americans are accumulating debt faster than savings. But it's been that way for a long time now. Americans have been under-saving for fifty years or more.
Teh Krugman, Village Idiot: “Don’t worry! Be happy!” Don't get close to the strange little man with the beard, Timmy, I don't think he's quite right in the head.

Posted by: Monty at
10:11 AM
| Comments (165)
Post contains 145 words, total size 2 kb.
Posted by: bonhomme[/i][/b] at October 25, 2013 10:15 AM (sByIH)
Posted by: artisanal 'ette at October 25, 2013 10:15 AM (IXrOn)
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea [/i][/s][/u][/b] at October 25, 2013 10:16 AM (4df7R)
Posted by: artisanal 'ette at October 25, 2013 10:16 AM (IXrOn)
Posted by: Monty at October 25, 2013 10:16 AM (G8OwX)
Posted by: artisanal 'ette at October 25, 2013 10:17 AM (IXrOn)
Posted by: alexthechick - SMOD. Mmmm. Blondies with whipped cream. at October 25, 2013 10:17 AM (VtjlW)
Posted by: WalrusRex at October 25, 2013 10:18 AM (APlZl)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 10:18 AM (da5Wo)
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea [/i][/s][/u][/b] at October 25, 2013 10:18 AM (4df7R)
Posted by: bonhomme[/i][/b] at October 25, 2013 10:19 AM (sByIH)
Posted by: Bigby's Oven Mitts at October 25, 2013 10:20 AM (3ZtZW)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 10:20 AM (da5Wo)
Posted by: rickb223 at October 25, 2013 10:20 AM (xZxMD)
Posted by: Lauren at October 25, 2013 10:20 AM (ELdpj)
Posted by: bonhomme[/i][/b] at October 25, 2013 10:21 AM (sByIH)
Posted by: sven10077 at October 25, 2013 10:21 AM (9jfyN)
Posted by: Cicero (@cicero) at October 25, 2013 10:21 AM (8ZskC)
I posted this earlier in re the Americans aren't good with their money article:
" Currently, workers with retirement savings accounts put aside more than 11 percent of their pay for retirement - 5 percent in their own accounts, and 6.2 percent in social security."
-
No, they are putting aside 5 percent of their pay for retirement, and paying a 6.2 percent tax.
Posted by: Vashta Nerada at October 25, 2013 10:21 AM (Eskni)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars [/i] [/b] [/s] at October 25, 2013 10:21 AM (XV8KK)
>>What's that cat doing? Looks like it's hunting or something, but what's with the tongue?
.
.Hairball.
Posted by: Registered Voter at October 25, 2013 10:22 AM (kYfFr)
Posted by: Mary Poppins' Practically Perfect Piercing at October 25, 2013 10:22 AM (zF6Iw)
Posted by: Circa (Insert Year Here)-also drooling imbecile incapable of doing algebra or something at October 25, 2013 10:22 AM (659DL)
Posted by: rickb223 at October 25, 2013 10:22 AM (xZxMD)
Posted by: Merovign, Dark Lord of the Sith's Other Mobile[/i][/b][/s][/u] at October 25, 2013 10:22 AM (qyfb5)
What, 30-odd comments in and no Sandy Fluke sock? I'm disappointed.
Posted by: Mary Poppins' Practically Perfect Piercing at October 25, 2013 10:24 AM (zF6Iw)
Posted by: Your Above Average Liberal, To Whom Math is Magic at October 25, 2013 10:24 AM (QF8uk)
Posted by: Mr. Moo Moo at October 25, 2013 10:24 AM (0LHZx)
Posted by: rickb223 at October 25, 2013 10:25 AM (xZxMD)
Posted by: Caliban at October 25, 2013 10:25 AM (DrC22)
>>The market's overinflated, so doesn't that mean there will be an eventual crash?
.
.
.The market can't crash. QE Infinity and Beyond!!!!!!!
Posted by: Registered Voter at October 25, 2013 10:25 AM (kYfFr)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars [/i] [/b] [/s] at October 25, 2013 10:25 AM (XV8KK)
Posted by: WalrusRex at October 25, 2013 10:26 AM (APlZl)
Oh Monty, dear, dear Monty. How you tempt and taunt with your doom. You wily tease. A bit here, a taste there, but never the full serving of all encompassing doom that we crave. You wait, savoring our desperate thirst for more. When, oh dear sweet Monty, when will you fill us with your delicious doom?
Wait, was that controversial?
Posted by: madamemayhem at October 25, 2013 10:26 AM (S2RnE)
Posted by: bonhomme[/i][/b] at October 25, 2013 10:26 AM (sByIH)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 10:26 AM (da5Wo)
Posted by: rickb223 at October 25, 2013 10:27 AM (xZxMD)
>>>If the electorate is that stupid/lazy/gullible, well fuck it, what can you do?
Its why I'm pretty much convinced nothing much will change until around 2024
Posted by: Bigby's Oven Mitts at October 25, 2013 10:27 AM (3ZtZW)
Posted by: © Sponge at October 25, 2013 10:27 AM (xmcEQ)
Posted by: ConservativeMonster at October 25, 2013 10:28 AM (0wHyk)
Posted by: Circa (Insert Year Here)-also drooling imbecile incapable of doing algebra or something at October 25, 2013 10:28 AM (659DL)
Posted by: rickb223 at October 25, 2013 10:28 AM (xZxMD)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 10:29 AM (da5Wo)
Posted by: Paid for by Citizens for Clyde the Orangutan at October 25, 2013 10:29 AM (QF8uk)
Hacking up a hair ball.
As opposed to the phrase Barky hears so often, "Racking up an air ball."
I suspect Barky's hacked up a few hairy balls in his life, too.
Posted by: Mary Poppins' Practically Perfect Piercing at October 25, 2013 10:29 AM (zF6Iw)
Seven pages! Can anyone sum up?
-
France has been a basket case for centuries, with the exception of brief periods of Bourbon rule, and when a Corsican dictator ran things.
Posted by: Vashta Nerada at October 25, 2013 10:29 AM (Eskni)
Seven pages! Can anyone sum up?
It's a look into America's future. It isn't pretty.
Posted by: Cicero (@cicero) at October 25, 2013 10:29 AM (8ZskC)
Looks like that cat got to the end of Michelle Owebama's landing strip.
When the anchovy paste is all gone, the smell finally hits you.
Posted by: Toby the Cat at October 25, 2013 10:29 AM (OiYJp)
Posted by: The one-eyed undertaker who blows a futile horn at October 25, 2013 10:31 AM (zoehZ)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 02:29 PM (da5Wo)
Me, too: Asian youths.
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea [/i][/s][/u][/b] at October 25, 2013 10:32 AM (4df7R)
Posted by: Merovign, Dark Lord of the Sith's Other Mobile[/i][/b][/s][/u] at October 25, 2013 10:32 AM (qyfb5)
We Americans do not like to live within our means, so why should expect our elected officials to run the government within theirs?
Posted by: OregonMuse at October 25, 2013 10:33 AM (xm1A1)
Posted by: Vashta Nerada at October 25, 2013 02:21 PM (Eskni)
With another 6.2 percent "employer" tax contribution. Fictions and obfuscations to hide the amount taxed from us.
Posted by: ConservativeMonster at October 25, 2013 10:33 AM (0wHyk)
Posted by: rickb223 at October 25, 2013 10:34 AM (xZxMD)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 10:34 AM (da5Wo)
OK, 'rons and 'ronettes, I'm out for the weekend. Stay safe and happy. BTW, if anybody happens to win some sweet lottery cash, I'd like one of these in red, please:
http://tinyurl.com/kppzof5
See you all on Monday.
Posted by: Mary Poppins' Practically Perfect Piercing at October 25, 2013 10:34 AM (zF6Iw)
Posted by: [/i][/b][/u][/s] Tami -GO CARDS!!!! at October 25, 2013 10:34 AM (bCEmE)
Posted by: Mary Poppins' Practically Perfect Piercing at October 25, 2013 10:35 AM (zF6Iw)
Posted by: Monty at October 25, 2013 10:35 AM (G8OwX)
Posted by: Caliban at October 25, 2013 10:35 AM (DrC22)
Posted by: Vote Lord Humungus 2016 at October 25, 2013 10:36 AM (HEa5q)
Posted by: rickb223 at October 25, 2013 10:36 AM (xZxMD)
Posted by: bonhomme[/i][/b] at October 25, 2013 10:36 AM (sByIH)
The correct libertarian answer is "get the government out of the way of the consequences so they hit good and hard".
Posted by: Ian S. at October 25, 2013 10:37 AM (B/VB5)
Street mimes.
Posted by: RedMindBlueState at October 25, 2013 10:37 AM (knoK7)
uh well maybe...I'm a cold war baby I know what they can do but am not thrilled they are being mainstreamed
Posted by: sven10077 at October 25, 2013 10:37 AM (9jfyN)
Posted by: Merovign, Dark Lord of the Sith's Other Mobile[/i][/b][/s][/u] at October 25, 2013 10:37 AM (qyfb5)
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 02:20 PM (da5Wo)
If she were better looking I would be enjoying her descent into porno with much more gusto.
Posted by: CharlieBrown'sDildo at October 25, 2013 10:37 AM (oJ5Fd)
Posted by: Monty at October 25, 2013 02:35 PM (G8OwX)
I'm confused. I thought all references to Paul Krugman WERE fart jokes.
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea [/i][/s][/u][/b] at October 25, 2013 10:37 AM (4df7R)
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea at October 25, 2013 02:32 PM"
Street mimes.
Posted by: RedMindBlueState at October 25, 2013 02:37 PM (knoK7)
Too bad they can't mime setting cars on fire.
Posted by: EC at October 25, 2013 10:37 AM (GQ8sn)
Posted by: alexthechick - SMOD. Mmmm. Blondies with whipped cream. at October 25, 2013 10:38 AM (VtjlW)
Posted by: Heywood Jablowme at October 25, 2013 10:38 AM (jsWA8)
Posted by: artisanal 'ette at October 25, 2013 10:40 AM (IXrOn)
Was reminded of you when I saw this animated GIF:
http://preview.tinyurl.com/m5ytnos
(BC complained that it wasn't short enough to be you, but it captures your Noble Spirit methinks.)
Posted by: ConservativeMonster at October 25, 2013 10:40 AM (0wHyk)
I merely besmirched a single country, you went for an entire continent.
*high five for the overachiever*
Posted by: BCochran1981 - Credible Hulk at October 25, 2013 02:34 PM (da5Wo)
Hey, go big or go home, that's my motto.
*high five!*
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea [/i][/s][/u][/b] at October 25, 2013 10:41 AM (4df7R)
Posted by: artisanal 'ette at October 25, 2013 10:41 AM (IXrOn)
Posted by: ConservativeMonster at October 25, 2013 02:40 PM (0wHyk) /i]
I believe BC's comment was that the .gif girl can't be AtC because .gif girl is too tall.
Posted by: MWR, Proud Tea(rrorist) Party Assault Hobbit Chelsea [/i][/s][/u][/b] at October 25, 2013 10:41 AM (4df7R)
I have started to wonder if accumulating a massive amount of personal debt may be the way to go. If you knew the timing of the eventual collapse, there would be no creditors to actually come collect. Unfortunately, we may be like Japan and have a lost generation from here on out for the next 20 years or so.
But still, 2nd look at Partying Hearty til the wheels fall off?
Posted by: Guy Mohawk at October 25, 2013 10:41 AM (nKUHR)
Posted by: bonhomme at October 25, 2013 02:15 PM (sByIH)
The cat is doing a miley right?
Posted by: just a citizen at October 25, 2013 10:42 AM (Nx76m)
I'm lobbying Merriam-Webster to add a new definition to the word sycophant: a commenter on Krugman's blog.
Posted by: MacGruber at October 25, 2013 10:42 AM (sWgE+)
Posted by: Circa (Insert Year Here)-also drooling imbecile incapable of doing algebra or something at October 25, 2013 10:42 AM (659DL)
Posted by: just a citizen at October 25, 2013 02:42 PM (Nx76m)
I'm twerking it!
/twerk
Posted by: Mewly Cyrus at October 25, 2013 10:43 AM (0wHyk)
While in China, we rode in a taxi from the Hard Rock Café back to our hotel. The driver was insane, spoke no English, had one hand on the steering wheel in a position to stay on the horn, and drove by the rule "where the front end fits, the ass end follows". The boy spawn and I were in the back seat expecting to die in a fiery crash at any moment. I started laughing and couldn't stop. The boy looks at me, in horror and says "Mom, stop that, this is serious and we are in real danger here." I kept laughing and said " So? If we are going to be killed in a taxi in Beijing, sitting there being terrified won't change it. If I'm gonna be horribly mangled in a foreign country, then I will laugh about it, cause crying, screaming and wailing ain't gonna help."
Posted by: madamemayhem at October 25, 2013 10:43 AM (S2RnE)
Posted by: Guy Mohawk at October 25, 2013 02:41 PM (nKUHR)
----
Meh..... Im still trying to pay off having Aerosmith play at my "End of the World Party".
Posted by: Mayan Calander at October 25, 2013 10:43 AM (nELVU)
I'll have you know my HSA account made 44 cents last quarter. FORTY-FOUR CENTS.
And I'll have to report them on my income tax so the FSA can get 13 of them.
Posted by: HeatherRadish™ needs a beer at October 25, 2013 10:43 AM (/kI1Q)
Posted by: rickb223 at October 25, 2013 10:44 AM (xZxMD)
Posted by: alexthechick - SMOD. Mmmm. Blondies with whipped cream. at October 25, 2013 10:44 AM (VtjlW)
Posted by: bonhomme[/i][/b] at October 25, 2013 10:44 AM (sByIH)
Posted by: FRONT TOWARD LEFT at October 25, 2013 10:45 AM (V3kRK)
Posted by: Circa (Insert Year Here)-also drooling imbecile incapable of doing algebra or something at October 25, 2013 10:45 AM (659DL)
Posted by: MTF at October 25, 2013 10:46 AM (Wp/g8)
Posted by: IreneFingIrene at October 25, 2013 10:47 AM (X7MMs)
Posted by: Circa (Insert Year Here)-also drooling imbecile incapable of
doing algebra or something at October 25, 2013 02:45 PM (659DL)
P.P.P.S.: .....annnnnnd......... SOCIAL JUSTICE!!!
Posted by: fixerupper at October 25, 2013 10:47 AM (nELVU)
I think that's the right approach. My feel is that the market isn't actually bubbling, just that that's an effect of the inflation our betters say doesn't exist. With nowhere to park money where it'll even maintain it's value, the market's the only place to put it.
Barring gold/silver/whatever.
Posted by: Clownf*cker at October 25, 2013 10:48 AM (XiVKO)
Posted by: rickb223 at October 25, 2013 10:48 AM (xZxMD)
>>One of the best performing hedge fund managers of the last decade says the market will soon drop 40%.
.
.
I pulled everything the wife and I have in our TSP (401K) accounts into the G fund. We are slowly losing ground, but I don't care, cause the market is gong to seriously auto correct when the QE nonsense stops. And at some point it has to stop.
Posted by: Registered Voter at October 25, 2013 10:48 AM (kYfFr)
12 The only things certain in life are death, taxes, and the failure of socialism.
Thank you Walrus, you made my day, and did so succinctly.
Posted by: Chaos the other dark meat at October 25, 2013 10:49 AM (oDCMR)
Posted by: rickb223 at October 25, 2013 10:49 AM (xZxMD)
not offered in offense....
read up on the Ukraine...that imaginary number will be propped up and we will fall first
Posted by: sven10077 at October 25, 2013 10:50 AM (9jfyN)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars [/i] [/b] [/s] at October 25, 2013 10:51 AM (9WUFT)
I think that's the right approach. My feel is that the market isn't actually bubbling, just that that's an effect of the inflation our betters say doesn't exist. With nowhere to park money where it'll even maintain it's value, the market's the only place to put it.
----
Yeah .... right now the market is up on liquidity and balance sheets.... not on fundamentals like market share, future earnings and PE ratios.
Once the Fed even thinks about reining in QE, the markets gonna crater, cause that the only thing pushing the market higher.
Posted by: fixerupper at October 25, 2013 10:51 AM (nELVU)
Posted by: rickb223 at October 25, 2013 10:52 AM (xZxMD)
a lot of us warned when Ben Bukakke cast his vote in June that QEleventy Forever was on that the Market and Govt were in a death embrace....
every time they crank back the market sells off
Posted by: sven10077 at October 25, 2013 10:54 AM (9jfyN)
Posted by: © Sponge at October 25, 2013 10:55 AM (xmcEQ)
Posted by: France at October 25, 2013 10:55 AM (8ZskC)
Posted by: cool breeze at October 25, 2013 10:56 AM (A+/8k)
Krugman, Village Idiot-
We are highly offended and incensed by this characterization. We do have standards after all.
Posted by: Village Idiots and Dufuses, Local #2673 at October 25, 2013 10:56 AM (N/Sup)
Meanwhile, your cash is losing value at an astronomical rate because of the zeroed out interest rates coupled with hidden real inflation.
I agree the market will take a hit, but on the total it's probably still better than the real losses of value that most "safe" savings instruments provide.
Posted by: Clownf*cker at October 25, 2013 10:58 AM (5npD/)
Posted by: cool breeze at October 25, 2013 02:56 PM (A+/8k)
Hey, we get all the credit, not the parents.
Posted by: the public schools and universites and college of America at October 25, 2013 10:58 AM (Nx76m)
Posted by: Herr Doktor Obamele at October 25, 2013 10:58 AM (FcR7P)
Posted by: cool breeze at October 25, 2013 02:56 PM (A+/8k)
Pride comes before the fall.
Posted by: ConservativeMonster at October 25, 2013 10:58 AM (0wHyk)
Posted by: maddogg at October 25, 2013 10:59 AM (xWW96)
Posted by: 98ZJUSMC Waiting for the Sun at October 25, 2013 11:00 AM (ppqGu)
>>a lot of us warned when Ben Bukakke cast his vote in June that QEleventy Forever was on that the Market and Govt were in a death embrace....
every time they crank back the market sells off.
.
.Heck when the Fed even mentions that at sometime in the future they might ease back, the market tanks. I remember reading one market analyst saying the DOW can't exist now above 10,000 without the Fed constantly buying up stuff.
Posted by: Registered Voter at October 25, 2013 11:01 AM (kYfFr)
Posted by: Margarita DeVille at October 25, 2013 11:01 AM (dfYL9)
112 One of the best performing hedge fund managers of the last decade says the market will soon drop 40%.
I don't disagree with this estimate. As soon as cash can earn real interest then the equity market implodes. Given we have been printing more money that earns nothing and borrowing roughly 40 cents on each dollar spent by the Government an estimate of an equity market overvalued by 40% doesn't sound too outlandish. Add to this the amount of Asian and European investors looking for something of a safe harbor relative to their home markets and you have a toxic stew awaiting an inflexion point. What triggers America to offer interest on deposits is the real question. Given our $17T debt we have no real reason to do it. Given Germany's control over European growth via their support of the Euro they have no real reason to do it. Given China's unknown and unknowable amount of leveraged debt they have no real reason to do it. Its a bit like the Cold War Nuclear Standoff known as Mutual Assured Destruction. Who wants to pull the trigger? So we shall all sit in the same boat and go nowhere seems to be the answer.
Posted by: Chaos the other dark meat at October 25, 2013 11:01 AM (oDCMR)
Posted by: © Sponge at October 25, 2013 11:02 AM (xmcEQ)
Posted by: Seamus Muldoon at October 25, 2013 11:03 AM (N/Sup)
http://www.americanthinker.com/2013/10/the_fall_of_barack.html
Posted by: artisanal 'ette at October 25, 2013 02:17 PM (IXrOn)
**
Heh...never occurred to me. He named his dog after himself "B-O"
Poor dog.
Posted by: dananjcon at October 25, 2013 11:09 AM (wmU4G)
Posted by: just a citizen at October 25, 2013 11:10 AM (Nx76m)
Posted by: 98ZJUSMC Waiting for the Sun at October 25, 2013 11:11 AM (ppqGu)
Posted by: 98ZJUSMC Waiting for the Sun at October 25, 2013 11:12 AM (ppqGu)
Posted by: AoSHQ Stylebook at October 25, 2013 11:12 AM (QupBk)
Gen X recoiled from the boomers, the millenials are their vote magnifier in my experience.
Gen X should have fought the hippies harder
Posted by: sven10077 at October 25, 2013 11:14 AM (9jfyN)
Posted by: artisanal 'ette at October 25, 2013 02:17 PM (IXrOn)
**
"Barry is America's Fredo -- without the love. "
Oh dear... another potential dog whistle/cross hair moment.
Posted by: dananjcon at October 25, 2013 11:16 AM (wmU4G)
coast to coast went twilight zone b/c libs wanted to blame Art Bell for Oklahoma City IIRC
Posted by: sven10077 at October 25, 2013 11:17 AM (9jfyN)
Cancel those offerings, forcing those who did enroll back into the exchange? Can they do that mid-year, is having your policy cancelled by the vendor a qualifying event? Does the IRS get a shot at you if your coverage is cancelled?
My guess would be that in each segment the choices will drop off as certain offerings get withdrawn, this could either sustain those plans that remain or crush them faster is the mix is sick.
They will be receiving increased revenues from all of the other Ocare mandates, and an unknown cost environment. So that side should be solvent, but risky.
I guess they will eat their losses in implementing Ocare interfaces - tax write-off baby.
I am going to assume the 'Pubs don't give in on the sequester cuts, so that will put additional downward pressure on the exchange. Coupled with the inevitable security and privacy fiasco that will happen, that should dampen any hope of a late surge in enrollments.
Posted by: Jean at October 25, 2013 11:27 AM (CMlD4)
coast to coast went twilight zone b/c libs wanted to blame Art Bell for Oklahoma City IIRC
Posted by: sven10077 at October 25, 2013 03:17 PM (9jfyN)
Well I don't listen much but I wanted to hear Schiff and the McAfee interview was much better than the interview the previous week that I was sent in an email. That George guy is a good interviewer so he got a great interview out of both of them. The first interview of McAfee was not as productive as the interviewer talked too much. I've heard of Art Bell and I've been meaning to try and listen to some of his programs but time has been my enemy lately.
Posted by: just a citizen at October 25, 2013 11:35 AM (Nx76m)
Posted by: just a citizen at October 25, 2013 11:38 AM (Nx76m)
Shut up. Sit your monkey ass down. Chill out.
Shit. I know shit's bad right now with all that starvin' bullshit. And the dust storms. And we runnin' out of French Fries and burrito coverings. But I got a solution.
Posted by: President Dwayne Elizondo Mountain Dew Herbert Camacho at October 25, 2013 12:05 PM (Xp1rX)
Brwando 2016
Posted by: sven10077 at October 25, 2013 12:09 PM (9jfyN)
I washed my tin foil to use again, I always had a roommate when I traveled, I owned little cars. In this terrible time of change, the bad kind of change, I'm sure glad I lived like my parents.
Posted by: PJ at October 25, 2013 02:23 PM (ZWaLo)
Posted by: President Dwayne Elizondo Mountain Dew Herbert Camacho at October 25, 2013 05:29 PM (rSifo)
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Posted by: artisanal 'ette at October 25, 2013 10:14 AM (IXrOn)