Sponsored Content




Intermarkets' Privacy Policy
Support


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

NoVaMoMe 2024: 06/08/2024
Arlington, VA
Details to follow


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















« Top Headline Comments 10-3-11 | Main | Buffett: "Higher taxes on the ultra-rich is not going to solve the deficit problem" [Sexton] »
October 03, 2011

DOOM: You upset me, baby.

DOOOOM

In news that surprises absolutely nobody, Greece is set to miss the new deficit targets set by the EU. It won't matter; the bureaucrats will make threatening noises but will hand over the the bailout money anyway in return for more promises that will not be kept. That's how the Eurozone works.

North Dakota: America's answer to Saudi Arabia. Except in ND, you can have Bibles, women can drive, homosexuals aren't flogged in public (as far as I know), and the natives actually work for a living.

California: the nightmare scenario.

When journalists bust out the Shakespeare quotes, you can be sure that false profundity and labored metaphor will follow. And this is just precious:

Still, the consequences of a disorderly default are considered so dire that Athens has cards to play, too. A strike by workers at the national statistics bureau has made it difficult to get up-to-date fiscal data. The government has said it faces default by mid-October without the aid, but “we think they were exaggerating deliberately to put pressure on us,” a senior European official said.
Greece can’t get accurate numbers on how boned they are together because the people who compile the numbers are on strike. Greece has taken being boned to a whole new level of cosmic absurdity.

Bring me the head of Quincy the Quant!

Ronald Reagan used to say that "a rising tide lifts all boats". Liberals never really got that, neither then nor now.

You know what the world needs? More government!

What globalization requires, therefore, are smart government policies. Governments should promote high-quality education, to ensure that young people are prepared to face global competition. They should raise productivity by building modern infrastructure and promoting science and technology. And governments should cooperate globally to regulate those parts of the economy – notably finance and the environment – in which problems in one country can spill over to other parts of the world.
In Sachs' world, "government" is like grey duct tape: it can fix anything. And for only 50% or so of your yearly income! It's an amazing value, really, if only you wingnuts would sit down and think about it.

Tom Friedman hates those damned job-stealing robots. (Oh, he says that now. But wait until we get sexy replicants like Pris in Blade Runner. I bet he'll be singing a different tune then.)

Does business "despair of" Barack Obama? Barack Obama is an academic leftist ideologue with no real private-sector background or experience. I'm not sure why so many businessmen expected anything else out of His Majesty but hostility and contempt. (Here's another link if you can't get to the FT article.)

The NYT wails that "foreclosures are killing us". It may be painful, but we must clear the enormous debt-overhang in the real estate sector. Too many people took on too much debt, and it must be cleared in one way or another if a recovery is to take place. You're not doing underwater homeowners (or the real-estate market in general) any favors if you force them to stay in houses they cannot afford.

The media's war against the Koch brothers is heating up going into the 2012 elections. One wonders where this kind of due-diligence was during Barack Obama's campaign in 2008.

Americans are re-learning the virtues of thrift and saving, but it's going to be a long, tough road back to sustainability. Household debt is still historically very high.

A looming trade-war with China? It's like no one ever read about the Hawley-Smoot Tariff Act of 1930. Which is not to say that China is blameless; far from it. But they are simply behaving rationally according to their own priorities. We are the authors of our own misery in this case.

The latest number on public pension obligations? How does $30 Trillion dollars sound? Everybody out there who thinks all this money is actually going to be paid out, raise your hand.

UPDATE 1: The days of double-digit returns on financial assets may be over for a while. I think investors are going to have to learn to be satisfied with returns in the 5% range; an 8% return will be cause for celebration.


---------------------
The Janus cat.

digg this
posted by Monty at 09:04 AM

| Access Comments




Recent Comments
[/i][/b]andycanuck (2yu8s)[/s][/u]: "750-pound alligator seized from home near Buffalo, ..."

Ben Had: "Only 30 more years of these moronic statements ft ..."

2008 is calling: "Mahalia Jackson>>>>>>>>>>>Affimative Action Jackso ..."

BillyD: "[i]158 Mind you, a Moron claimed the car would sti ..."

Diogenes: "DEI in action, and that's a good thing! Posted by ..."

Piper: "Have we discussed KBJ and her gripe the 1sr amendm ..."

Commissar Hrothgar (hOUT3) ~ This year in Corsicana - [b]again[/b]! ~ [/i][/b][/u][/s]: "[i]257 Watching another Boeing United Airlines iss ..."

Loose Emergency Door Plug: "Return to Newark? I'd rather ditch. Posted by: D ..."

J. Random UA Flight: "[i]Return to Newark? I'd rather ditch. Posted by ..."

Diogenes: "Watching another Boeing United Airlines issue in r ..."

Truthbomb : "Watching another Boeing United Airlines issue in r ..."

Ciampino - on time: "About 43 minutes [b]SpaceX - Falcon 9 - Starlin ..."

Recent Entries
Search


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