“The war situation has developed not necesarily to Japan’s advantage.” – Japanese Emperor Hirohito, August 14, 1945 “The economic situation has become distinctly less favorable since the time of our July report.” – Federal Reserve Chairman, Ben Bernanke, testimony to Congress…
Dow Jones and CNBC yesterday were reporting that in a speech in Toronto Warren Buffett said that if the current deficit didn’t improve, the dollar would would be “worthless” in 5-10 years. In a hilarious episode on Squawk Box this morning,…
As we work through a pretty slow day as investors try to get their bearings after yesterdays huge selloff, here are some things I’m looking at and thinking about: A lot of stocks are cheap. We aren’t dealing with the…
I recently came across this diagram of recent fiscal and monetary stimulus on the economy in a scholarly paper (hat tip The Big Picture): Propping Up The Economy Graphic. As you can see, everything is under control with the pros…
This is really funny: The Last Laugh – Subprime. (Via The Kirk Report)
“… during the last month of the quarter, we did start to see the beginning of some softening in demand and the channel research that we did and the studies that we conducted say that some plastic surgeons were starting…
This is really funny and well done: “Here Comes Another Bubble” (YouTube Video)(via The Big Picture). Catchy line: “It’s a monster rally….. All across the valley.” Also good: “Blog blog blog it all…. Blog it if it’s big or small…..Blog…
Being The Shiznit means you get your own action figure (Picture).
Shiznit, adj: (1) the best (2) the greatest in a certain category or universally (3) gaddam’ phenomenal, bi-atch! In the spirit of “Malibu’s Most Wanted”, which I had the pleasure of watching last night, and on the occasion of Fed…
Scene: Meeting between an unnamed money market manager and The MLEC (”The Entity”). Treasury Secretary Paulson is present. MLEC: Would you like to buy some of our asset backed commerical paper? Manager: Yes. But we’re fully invested right now. Maybe…