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November 12, 2010

Financial Briefing: Quick hits

It'll be a fairly short briefing today.

The zombies are attacking Ben Bernanke from all sides, and he's out of shotgun shells.

A wizened little dwarf straight out of a Brothers Grimm fairy tale Teh Krugman climbs up on his shouting stump, points a trembling, gnarled finger at the castle in the distance, and announces that demons straight from hell have infested His Majesty's palace.

The endgame is rapidly approaching for the PIIGS in Europe. I suspect that the problem, as it is here, is to find some way to allow the sovereigns to default without actually calling it a "default". The ECB has been throwing good money after bad all summer (like some other central bank which shall remain nameless), and has done nothing but delay the reckoning.

Whiskey, leprechauns, and shamrocks: Why Ireland is boned.

Noted prevaricator, wastrel, and ineffectual blowhard calls out the Chinese. The Chinese have responded by telling him to roll his pimp ass up and bust a move if he's so inclined. (Or words to that effect.)

When no one has any money, it's kind of hard to decide how to spread all that nothing around.

So...apparently investing in lean hogs is a sin. It felt dirty. I must be punished.

Have I mentioned that California is boned? I might have; I can't remember. Anyway, they're boned.

This is what people back in the 1960's should have been listening to instead of the God Damned Beatles.

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posted by Monty at 08:48 AM

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