Intermarkets' Privacy Policy

Donate to Ace of Spades HQ!

Recent Entries
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

"Absolutely Safe" | Main | The case for the trades
June 18, 2010

Friday Financial Briefing

Various hyperintelligent computers, acting from some obscure machine logic unknowable to mortal men, made sure that stocks rose yesterday in late-day trading after being down for most of the day. Their unblinking eyes stare without pity even now as they slowly and methodically draw their plans against us.

UPDATE: I have learned the name of our cybernetic adversary! I name thee...DAGGER!

As an inveterate space-geek and champion of a privatized space industry, I find this to be wonderful news. SpaceX just signed a half-billion dollar contract with the Iridium Communications Inc. for launch services. That is just cool.

More after the jump.

Face it, Britain. Obama's just not that into you. Based on the evidence, in fact, he hates your collective guts. I'm guessing this was not what you expected during the euphoric days just after the 2008 elections. W might have been a cowboy, but at least he was a polite cowboy.

The Italians are revolting! Hygiene aside (nyuk nyuk nyuk), they are concerned that "austerity" (i.e., working to pay off their debts rather than to buy slinky outfits and outrageously expensive cars) runs counter to the southern European ideal of sitting around and letting the Germans and Scandinavians pull the economic cart. Which is not to say that deflationary monetary policy is necessarily a good thing -- it worsens the debt-to-GDP ratio and makes the debt much harder to pay off. And when the debt is mostly owed to foreigners, the citizens begin to ask themselves if years of austerity are really worth it. Usually, the answer is "no".

Jobless claims came in a 472,000. Unexpectedly, can I hear Amen! This number is mostly bullshit anyway because it doesn't count "people who have stopped looking for jobs", whatever the hell that means. You're just as unemployed if you're sitting at home eating cheese-curds out of a tub as you are sitting in the local unemployment office wondering if the huge growth on the receptionist's face is a wart or a wen. The real rate of unemployment is probably closer to 18%, and if you count underemployment it probably shoots up to 25% or so.

Bring me the head of Alfredo Garcia AIG!

Spain is totally not broke, and if you suggest otherwise, you're nothing but a filthy-dirty gringo liar! By the way, Spain is wondering if you might have some spare change, or if you need your lawn mowed or anything.

Spain also subsidized something that everyone else gets for free...sunshine. And fucked it up. But hey, let's take a lesson from these Spaniards and do the same thing here, only with wind!

The coming war between the public sector and the private sector is getting harder to ignore all the time. In fact, I -- SQUIRREL!

China to the G-20: "Pointing out that we have been ruthless currency manipulators for much of the past two decades may lead to some awkward moments, so we'd really appreciate it if you'd just keep it on the down-low."

Those jokesters at ZeroHedge link a good CNBC interview with noted optimist Marc Faber. (Be sure not to have any poisons or sharp implements nearby before watching and keep repeating: Bernanke knows best! Bernanke knows best!)

You can add "free checking" to the list of things we used to have but can't have any more because we're stupid.

Maybe our alien insect overlords will show some God Damn fiscal responsibility. Pull quote:

We are so in debt to China that President Obama had to visit their president in his first year in office. It was an important meeting between the most powerful communist leader in the world and the president of China.
Heh. Burn.

Insty helpfully reminds everyone that more than 90 banks have missed TARP payments. Are you not stimulated?

Jealous of all the attention lavished on Greece, Spain, and Portugal, other Euro nations are now clamoring for Mom's attention. Apparently Denmark, Finland, and Cyprus have discovered that their Platinum Euro card did, in fact, have a limit. Who knew? Now Dad's gonna be pissed.

Some fairly terrifying words via the always-upbeat crew at ZeroHedge. Pull quote (emphasis mine):

The median age of the 78 million boomers is 54 going on 55 and even after two bubbles bursting less than a decade apart, this cohort still have 55% of the asset base in equities and real estate and a mere 6% in bonds.
As I often say: it's not "Boomer-bashing" if it's true. As I often also say: we're doomed!

I'm drawing more adherents to my "Germany is looking for a way to quit the Euro" conspiracy theory all the time. Bwah-hah-hah-hah! As soon as I've gained enough cultists, I'm going to dress them all in sack-cloth and make them sell stupid little tourist doodads at the airport. It's sort of my retirement plan. Pull quote:

At minimum, a powerful new agency, administered in Brussels, would scrutinise the tax and spending plans of all members of the eurozone. It would be empowered to order a profligate government to rein in its spending, or face unspecified penalties.
Oh my dear God NO! Not "unspecified penalties"! Anything but that! Anything!

Gold continues its march upwards, pretty much irrespective of what the stock markets are doing on any given day. Gold has in many ways become decoupled from the Monopoly-money equities world. It's no longer just a hedge or a backstop. It's being bought and sold as money. (A money of last resort, true, but still -- money.)

People who spend all day with their thumbs up their butts tend to end up with this problem.

California might be ever so slightly less boned. But then again...nah, they're still boned.

In honor of California, this briefing brought to you by....

digg this
posted by Monty at 06:39 AM

| Access Comments

Recent Comments
Sock Monkey * Invictus Maneo : "somedood I'm very aware of who Antifa is. The s ..."

Sam Adams: "Hard to know who to believe. Thankfully, the same ..."

Miklos actually quotes Socrates: "this means we know fuckall. Posted by: somedood ..."

m: ">>>The NSA ... says it lakes the ability (MuckRoc ..."

somedood: ""I believe the shooter is Maxwell Yearick. Posted ..."

Sam Adams: "How long has our national media been comparing Rep ..."

Maxwell Yearick: "I believe the shooter is Sam Adams ..."

somedood: ""Sure I saw all that in the 2017 attempt to win CA ..."

Chic Hot club: "It's very simple to find out any topic on net as c ..."

Biden's Dog sniffs a whole lotta malarkey, : "Thanks for that meme, Biden's Dog! Need t-shirts.. ..."

the more Mikloses the merrier: "Yep, my bad. Clumsy attempt at humor. Not good for ..."

Sam Adams: "Just saw a video from Thomas Mathew Crooks, statin ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
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)
Powered by
Movable Type 2.64