Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Recent Entries
Quick Hits
Recycled Garbage: The Leftwing Identity-Politics Media Claims That Biden Never Said You Were Garbage and If He Did, That's Because You Are Tim Walz: I Competely Support Late Third-Term Abortions Of Course: The Democrat Lunatic Who Shouted "Alluha Akbar" As He Shot a Jewish Man on the Way to Synogogue Is a, Get This, Illegal Alien Allowed Into the Country in the Past 18 Months by Harris-Biden Supreme Court Overturns Hawaiian Judge's Insane Ruling -- Sought by the DOJ -- To Force Virginia to Put Illegal Alien Illegal Voters BACK on the Voting Rolls "The Only Garbage I See Floating Out There Are His Supporters:" Biden Goes Even Further Than "Deplorables" Wednesday Morning Rant Mid-Morning Art Thread The Morning Report 10/30/24 Daily Tech News 30 October Absent Friends
Bandersnatch 2024
GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
|
« The "Stimulus," Illustrated |
Main
| Steele Wins! Race for the RNC Chair » January 30, 2009
GDP Contracts 3.8% Fourth Quarter; Largest Drop Since Deep Receession of 1982There are two bright spots. 1982's contraction wasn't merely sharper, it was greatly sharper. And analysts had predicted a 5.4% contraction. The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed, sinking deeper into recession as consumers and business cut spending. There are other optimistic signs. As already noted, the credit crisis is either passed or at least substantially abated: But back to the market problem overall: Investors continue to ignore one of the very brightest spots in the firmament: Namely, the credit freeze is thawing, according to all manner of key interest rates and spreads. In fact, LIBOR is around 1 percent now, back to where it was in the early summer of 2007 before the crunch started. This means that much of the uncertainty about lending, borrowing, investing, and hiring is receding from the market. This is a very positive sign. While retail sales and jobs are lagging indicators, the credit-market improvement is a leading indicator — pointing to recovery in the economy sometime this spring or summer. The Fed, too, thinks a recovery is possible later this year: The Fed was very gloomy in its Open Market Committee statement today. It suggested a gradual recovery could begin later this year, although there are plenty of downside risks. The Fed will keep its target rate near zero, and will keep expanding its balance sheet by purchasing plenty of government-sponsored debt and mortgage-backed securities. Its so-called TALF plan to finance consumer-related bonds will begin soon. It might even buy Treasuries, even though it can’t quite make its mind up on that. Taken together, these actions will keep injecting more cash into the financial system. That's Larry Kudlow, who is an indefatigable optimist, but that doesn't mean he's wrong. More often than not he's right. And the Fed itself agrees that a late-2009 recovery is quite possible. So why are we possibly slitting our economic necks with this "stimulus"? Do the Gods of Money Multipliers demand a blood sacrifice? | Recent Comments
Decaf:
"Reminds of a story my brother, a historian, told m ..."
Tim "Born to Kill" Walz: "Trump is Micheal Myers !!!!!!!!!!!!!!!!!!!!!!!!!!! ..." Xipe Totec: "The most pathetic Ford evah! The ALL NEW, Piece of ..." ...: "I think it has helped them quite a bit, for decade ..." People's Hippo Voice : "Why do people act like betting markets have some s ..." whig: "337 Why do people act like betting markets have so ..." ShainS -- In Trump's America, Garbage Throws YOU Out! [/b][/i][/s][/u] : "In hindsight it seems obvious. Yes, many people wa ..." gKWVE: "[i]how did they identify male Orthodox Jews, and h ..." Xipe Totec: "Babylon Bee: Millions of garbage bags seen lining ..." ChrisW: "It's like when the media told us that football cro ..." 18-1: "[i]In the 80s and 90s he was going off on Japan. C ..." Obligatory Seinfeld reference : ">>>An all white fiesta? What the hell is that? ..." Recent Entries
Quick Hits
Recycled Garbage: The Leftwing Identity-Politics Media Claims That Biden Never Said You Were Garbage and If He Did, That's Because You Are Tim Walz: I Competely Support Late Third-Term Abortions Of Course: The Democrat Lunatic Who Shouted "Alluha Akbar" As He Shot a Jewish Man on the Way to Synogogue Is a, Get This, Illegal Alien Allowed Into the Country in the Past 18 Months by Harris-Biden Supreme Court Overturns Hawaiian Judge's Insane Ruling -- Sought by the DOJ -- To Force Virginia to Put Illegal Alien Illegal Voters BACK on the Voting Rolls "The Only Garbage I See Floating Out There Are His Supporters:" Biden Goes Even Further Than "Deplorables" Wednesday Morning Rant Mid-Morning Art Thread The Morning Report 10/30/24 Daily Tech News 30 October Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |