November 2008
Inflation has been largely contained over the past three decades as production and manufacturing shifted from high wage countries to low wage countries. What will contain inflation over the next three decades as hundreds of millions of Chinese aspire to the middle class? I don’t see how productivity increases solve the problem.
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The Worst Is Yet To Come: Anonymous Banker Weighs... →
26-Year-Old To See Every Asshole He Ever Went To... →
rockuboff:
One of my biggest fears during the holiday season.
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“You must go home early. The dwindling birthrate and the aging population, along...”
– Nippon Oil Corp. President Shinji Nishio, Bloomberg.com: Salarymen Told to Save Japan by Raising More Children, Working Fewer Hours
“[Robert] Mugabe’s decision to forbid a humanitarian visit by Mr. Carter, former...”
– Celia Dugger, Jimmy Carter Denied Zimbabwe Visa
“[F]ollowers of onetime BBC reporter David Icke believe that certain powerful...”
– The Best Conspiracy Theories (Lizard-People Are Running the World!)
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Looks like this was right →
If the markets were really worried about Geithner, they wouldn’t have rallied so much on this news.
“New company policy. You’re not allowed to say stocks are going down,...”
– Anon.
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“The U.S. may need to spend another $1.2 trillion to recapitalize the eight...”
– Bloomberg
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“We have no money.”
– Michael Bloomberg
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“On any given day, a 1 percent move up or down is not unthinkable and as we’ve...”
– Barry Ritholtz
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“That Mr. Obama had been sent by history to assuage the insecurities of the...”
– Obama Hears a Giant Sucking Sound - WSJ.com
I wonder if that $99.2 trillion figure is correct. Cause if so, that’s pretty crazy. But I wonder if that means billion. (via josephweisenthal)
I’ve read two books and many articles on this subject and $99 trillion is the biggest number I’ve...
gmail themes?
yay or nay? I don’t like the new default colors.
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The Worst Mortgage Predator Ever →
(via clusterstock)
Great article. I’d love to see where this ranks among the worst domestic policy initiatives by a President ever.
“If it keeps up, man will atrophy all his limbs but the push-button finger.”
– Frank Lloyd Wright
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“Just as bonuses (Latin for “good”) are paid out for good performance, maluses...”
– Patrick Hosking, Times UK, via UBS Overhauling Bonuses So Much That Execs Could Owe Money
Yahoo’s Jerry Yang to Step Down →
How much will the stock be up tomorrow? It’s up about 4.4% now from the 4pm close.
“At one time, the President and Vice-President were given three-inch-high models...”
– Barack Obama: What life will be like for new US President - mirror.co.uk (via mikehudack)
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SEC's Mark Cuban Insider Trading Allegations... →
He’s screwed.
Detroit
mikehudack:
jeffmiller:
Given I choice, I’d rather the Government buy something than just give money away.
Instead of giving the automakers $50 billion, suppose the Government were to simply place orders for 1.5 million hybrid vehicles at $35,000 each. The Government could replace every car it owns and then some, Detroit would have a huge order to make profits on, and the action would have a...
WatchWhere do the millions of computer monitors, cell phones and other electronic refuse our society generates end up? (via The Electronic Wasteland Video - CBSNews.com)
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“A federal cash infusion will not infuse wisdom into management. It will not...”
– David Brooks, Bailout to Nowhere
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“In the United States there is already a funding crisis. And they will have to...”
– Martin Hennecke, see video.
GM
All of this talk about “would you buy a car from a company in bankruptcy?” is kind of ridiculous to me. No one is buying their cars now.
“Even if growth in global demand was at zero for the next 22 years, in order to...”
– Fatih Birol, author of the IEA’s World Energy Outlook which published today. (via dihard)
Peak oil. Definitely a problem, but could help force a solution.
Adelson Survives Like `Cockroach' After $30... →
Headline of the day. Honorable mention to “Here’s Why We Need A General Motors (GM) Bailout, You F***er.”
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“It’s lonely up here on the sports front. The Seahawks stink. The...”
– David Betz, Dear NBA: DROP DEAD
“In an earlier transformative era in American history, President John F. Kennedy...”
– Al Gore, The Climate for Change
“…how about a bone-crunching, bubble-bursting, no soft landing, Chinese auto...”
– Tyler Cowen, Feb. 28, 2006 (via azspot)
Fannie Mae Loses $29 Billion on Write-Downs →
This is scary:
The company’s results suggested that home prices are far from a bottom and that the government would probably have to pump tens of billions of dollars into Fannie Mae and its sister company Freddie Mac. Regulators took control of the two companies in September and the Treasury Department said it would invest up to $100 billion in each but it had not yet put any money into the...
