Thursday, October 29, 2009

Economic Recovery or Desperation

DOW posts a near 200 point rally!!!!

Yeah, but it's been dropping up to a hundred points a day the whole week.

We call that VOLATILITY.

i.e.- desperation. Magical Thinking.

in other words: delusion.

Who is profiting here?

the "Giant Squid" with it's millisecond HFT edge and a lot of other professionals.

it's still a closed game for only the Uber-greedy.

Let's see what tomorrow brings us.

Tuesday, October 27, 2009

Post Aocalyptic Urban Hell-Hole

Detroit goes from crap to crappier with more crap to come. Their Property Tax Foreclosure Auction was grim.
"On the auction block in Detroit: almost 9,000 homes and lots in various states of abandonment and decay from the tidy owner-occupied to the burned-out shell claimed by squatters... Despite a minimum bid of $500, less than a fifth of the Detroit land was sold after four days."

Tuesday, October 20, 2009

The Recession is OVER!!!!

The DOW is holding 10,000 this week. Yay!

Let's look at other figures.

1 out of 136 homes in the U.S. are in foreclosure.

Over 970,000 homes entered foreclosure in the 3rd Quarter of 2009.

oil prices are spiking. (speculation much?)

Sound familiar?

Add to that the "4 week moving average" of new jobless claims cresting 530,000...

...and you got a world of hurt.

as icing to the cake let's add: no specific and measurable finance regulation  and   nor reform of any kind.

let's chant it now: "DOUBLE DIP! DOUBLE DIP! DOUBLE DIP!"

Sunday, October 18, 2009

the medium is the message

newspaper and magazine layoffs every other day, CNN following Tweets and blogs, John Stewart mocking CNN's "we'll have to leave it right there" half-assed non-journalism...

and now scoops everybody on the balloon boy hoax revelation.

The medium is the internet. The message is "print is slow, television is irrelevant"

Friday, October 16, 2009


The federal deficit is now $11.9 trillion.

What the Frack!

How close are we to "Game Over bitches" ?

Monday, October 12, 2009

Tuesday, October 6, 2009

NYC, teach me to read

one in five New Yorkers can't read.

Thursday, October 1, 2009

Monetizing carbon cleanup

Leave it to Big Business to create solutions.

as reported by Reuters:
New technologies may grab carbon right out of air

New Technologies?!!?!!? How about OLD technologies?

like TREES. Just plant more trees.

You know: replace the 80% of the trees that humanity has "monetized" murdered already.


Horrible Quarter-2, 2009 economic figures

GDP is in the hole.
WAAAAY in the hole.
grrreeeeen shoots?