Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!





Recent Entries
« Cain To Hold Presser to Address Bialek's Accusations This Afternoon | Main | Week 9 Pick Results »
November 08, 2011

DOOM: There's a storm on the loose sirens in my head

DOOOOM

DOOM, narrowly averted. Remember, Mother Nature is always trying to kill you. If it's not asteroids, it's volcanoes; if it's not volcanoes, it's earthquakes; if it's not earthquakes, it's tsunamis. Disease, being eaten by wild animals or carnivorous fish, or just the implacable march of time: sooner or later, she's going to get you.

Walter Russell Meade: The crisis of young men is a crisis for us all.

While the markets obsess over Europe, China is on the brink. Tom Friedman is inconsolable.

Most of the unemployed have run out of benefits. (Via Truman North in the sidebar.)

A look inside the so-called “Super Committee”. It's pretty much what you expect.

Small businesses in Greece are being ruined as the catastrophe unfolds. I don’t know why this is surprising to anyone: small private businesses are always the most vulnerable parts of any economy. That’s why they’re good indicators of how well an economy is doing more generally.

The Euro: the case for the world's most hated currency.

So one week ago, I’m at a dinner in Amsterdam and, inevitably, the topic of Greece and the euro comes up. A Dutch book editor goes into a tart little diatribe about how outrageous it is for Greeks to have gladly taken massive loans yet now bristle at being forced to repay at least part of the money. I ask if she thinks Dutch people resent that. The Dutch, along with the Germans and other “responsible” northerners, are the likely ones to have to make up for whatever countries like Greece don’t pay. “Yes, we resent it,” she says. I pose what seems a logical followup: “Do you want out of the euro?” She and the Belgian translator across from her look stunned and reply in unison: “Of course not!”

Coming At You: "An Endless Series Of Hobgoblins, Most Of Them Imaginary".

Once the great goat rodeos and high melodrama (or, perhaps, farce) in which Washington excels die down the most likely result will be… nothing. Washington lives to preserve the status quo. It feels a need to theatricalize preserving that status quo by flamboyant gestures worthy of Tom Sawyer professing determination to mend his rascally ways. Not really.


Barry Ritholtz proves once again that he is a clueless tool. He tries mightily to exonerate the government as the Prime Mover behind the financial crash, in spite of the abundant evidence to the contrary. Yes, the banks deserve their share of the blame, as do improvident borrowers, but at the end of the day it was Leviathan who established the warped ecosystem in the first place. You will note that nowhere in Ritholtz's jeremiad is there a mention of Fannie Mae or Freddie Mac, two entities at Ground Zero of the financial meltdown -- this alone shows what a partisan hack Ritholtz really is.

Tyler Cowen on Euro contagion.

Why Italy is now the focus of the Eurozone crisis.

The weakness in the housing sector continues: late mortgage payments on the rise again. Unexpectedly, of course.

More on that neo-Luddite view that we're automating ourselves out of jobs. This article is by one Martin Ford, whose book The Lights In the Tunnel I savaged a few weeks back in the Sunday book thread. I find a lot of this alarm at computerization and automation completely unpersuasive: the benefits of this kind of thing have outweighed the costs so far, and I have yet to see compelling evidence that this will change going forward.

Reasons to be bullish about the US Dollar. Upshot: everyone else sucks worse. We benefit from being the least boned.

Just a reminder: public-sector unions and retirees will fight any attempts at significant reform. Remember back when public servants actually existed to serve the public rather than leech off of them? ....yeah, me neither.

California? Yeah, they're still boned. Worse than ever.


digg this
posted by Monty at 08:53 AM

| Access Comments




Recent Comments
phoenixgirl @phxazgrl, I Heart the SF Giants : "241 "Second case of Ebola, related to first case" ..."

Village Idiot's Apprentice: "OK....relax.CDC has issued guidelines.http://tinyu ..."

anon a mouse: ""They use all sorts of special chemicals" YGT ..."

Anna Puma (+SmuD): "NHS in the UK has been relaxing cleanliness guidel ..."

MrScribbler: "[i]Mama AJ you forgot that Patient Zero went to th ..."

AltonJackson: "[i]Second case of Ebola, related to first case[/i] ..."

Nip Sip: "@243THAT'S WHAT I AM TALKING ABOUT!!Are the TV sta ..."

Tattoo De Plane: "Not easily transmissable before when warnings were ..."

Grampa Jimbo: "My friend was at a hospital recovering from hip re ..."

ghost of hallelujah : "I have 2nd grade and 3rd grade kids. I was talkin ..."

Nip Sip: "OK, let's get this out.   The guy is fro ..."

t-bird: "[i]How 'bout that Ebola shit in Dallas?[/i] Wai ..."

Recent Entries
Search


MuNuvians
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)
News/Chat
Archives
Powered by
Movable Type 2.64