Sponsored Content

Intermarkets' Privacy Policy

Donate to Ace of Spades HQ!

Recent Entries
Absent Friends
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
Cutting The Cord And Email Security
Moron Meet-Ups

Top Headline Comments 5-5-11 | Main | Obama Administration Considers Plan to Tax Cars by the Mile
May 05, 2011

DOOM! fritters with taters and gravy


Why the killing of OBL didn't move markets much. My own take on this is simple: OBL was old business that had nothing to do with our current economic troubles. Most Americans are glad he's worm-food, but his death isn't providing the psychological lift it might have had in the dark days after 9/11. (And the Administration's increasingly-incoherent messaging on the event is only diluting the public opinion further.)

In Portugal, a DOOM delayed is only a DOOM deferred, not a DOOM avoided.

I sold a bunch of silver when it was nudging $50 an ounce because I thought that $50/oz silver was ludicrous. The price of silver crashed almost immediately after I did this. (What awful powers do I have?!?) I'm not saying this to brag (it really was a combination of guesswork and good luck) but just to point out that if even a dummy like me can see evidence of panic-buying, it must be really really obvious. I'm still pretty fond of silver and will probably buy some back when it goes back down some more.

Another call for states to go exclusively to defined-contribution plans rather than defined-benefit plans. I suspect that this will happen eventually, but only after the power of the public-sector unions have been broken and a lot of court cases have been filed. In other words: it'll take a financial catastrophe to force the issue. The pressure is going to mount when muni debt starts getting more expensive and states have to choose between paying pensions, servicing debt, and actually performing the day-to-day business of government.

California, senior member in good standing of the Loyal Order of the Terminally Boned (LOTB), is home to San Francisco -- a city whose finances are in pretty dire straits. San Francisco is one of the big cities I'm keeping an eye on in the next couple of years as an interesting test-case in how Democrat-controlled governments are going to handle onerous benefit costs when they start to chew away at funding for favorite liberal programs (not to mention more quotidian stuff like trash-collection, sewer and water, and all the rest).

Okay, so Social Security is doomed. We obviously need to reform it (or preferably abolish it and replace it with something better). The Democrat answer? Let's implement another entitlement program just like Social Security! It can't miss! (If this actually comes to pass, fair warning: I'm leaving the planet to open an off-world mining, manufacturing, and prostitution entertainment business in the asteroid belt.)

Public sector unions in Illinois gearing up to do what public-sector unions in Illinois do. Which is to say: wring money out of the taxpayers.

Teh Bernank: Inflation is low! Spend! Consume! Reality: What are you, high?

The jobs recovery? Not a "recovery", actually. More like the twitching of a corpse.

The GOP and Democrats may be reaching a deal on the debt-ceiling debate. It's not a question of whether the debt-ceiling will be raised; of course it will. The big question is what trade-offs the Donks will be willing to make in order for that to happen, and whether the GOP will blink if the Donks play hardball.

[UPDATE 1]: It's not just the employment numbers that are sucking wind. Manufacturing is down too.

The liquor store was all out of Val-U-Rite brand vodka, apparently.

digg this
posted by Monty at 09:08 AM

| Access Comments

Recent Comments
Trimegistus: "Our holidays are complicated. We're planning brisk ..."

Hairyback Guy: "Remember to make a big rib roast for the holidays ..."

Trimegistus: "Just finished a lovely smoked turkey breast. Took ..."

Drive By : "I don’t do prime rib because I don’t d ..."

insurgens ad opus : "This incompetent tool has been around a long time, ..."

nurse ratched : "Pug, I'm so very happy for you! I understand how ..."

PabloD: "I'm having a Martinez an watching Beard Meats Food ..."

JT: "Thanks Skip ! ..."

The Gauls - Wild boar with mint sauce, always: "150 Posted by: Alberta Oil Peon at December 10, 2 ..."

JackStraw: ">>Very dark. Very stormy. Whisky is called for. Bu ..."

iandeal: "I've made a standing rib roast the past few Christ ..."

Pug Mahon, Aspiring Codger: "Do you get to have kids with you this year? I have ..."

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