Sick man walking

The hollowing of America's manufacturing capacity and other super horribleness

Is America the sick man of the globe?

a trillion here, a trillion there...

and pretty soon you're talking serious money.

Senate passes Obama's $858 billion tax-cut plan

oy. this does not bode well.

healthy wealthy world

if you peel the Band-Aid too slowly...

it only hurts MORE.

the ever-falling sky

John Taylor says "The U.S. economy is headed for a new recession"

but doesn't that statement assume we already EXITED the current one?

it doesn't end

up down up down up down

freakin yo yo

Click your heels together and chant "there's no place like home there's no place like home there's no place like home"

My 5 stupidest predictions / moves during The Economic Apocalype

1. "A CD at 4% is too low a rate. Let's not lock it in for more than 6 months."

2. "New York City real estate is overvalued. Surely it must drop an additional 15 to 20 percent."

3. "Pull out of Apple. No one's gonna buy expensive niche electronics in the middle of a deep recession."

4. "Gold is topped out at $1050. We're in Recovery mode already."

5. Failure to take advantage of every goddamn stock rally from October 09 til now.

American Nightmare

http://blogs.reuters.com/great-debate/2010/09/24/obama-and-the-american-dream-in-reverse/

Less is more.

Learn to live with "more".

I'm with stupid... I mean: i am stupid

We must BURRRRNNNN witches !!!!
ooops... sorry

size matters

I found some informative infographics on reuters.com of the gulf oil spill.

And through the magic of free clip art, made this new one:



That is the Empire State Building over there on the side... in the correct scale (height).

Sort of gives you an idea of why it might be so hard to cap. It is WAYYYY in the hell down there.

and by "change" what I meant was "no change"

Squelching uncomfortable fact in favor of political expediency is still business as usual under the Obama Administration.

10,000 fixation

Now that's a rally


schizophrenia much?

Americans NEED cocaine

And they need it so badly, drug runners will build submarines to get it to them.

Trillions for defense, but not one penny for jobs

H.R.5297 - State Small Business Credit Initiative Act of 2010

Yes, we are running horrific deficits that will eventually bite us in the ass.

Yes, just throwing money at a problem is not a solution.

Yes, this Initiative does not force banks to lend money, it is simply an incentive for them to do so.

BUT... the cost of this thing ($30 billion dollars) is about what we pay pursuing foreign wars for a two month period.

At least this legislation is attempting to jump start jobs recovery which is the NUMBER ONE thing America needs right now.

Let's put less money into killing and more into "life-ing". This and tax cuts for business is what we need. NOW. We're trying to avoid Depression 3.0 here people.

You go, Boy

Shai Agassi wants to clean up the planet - a million cars at a time.








cnn.com - Shai Agassi: One man's mission to turn all cars electric

http://www.betterplace.com/

DC follies

When Main Street needed stimulus, they gave the money to Wall Street.

When we needed financial reform (smackdown punishment), they (sloowwwwwwly) brought us Health Care "reform".

We need a Jobs Bill / SBA loan guarantees, but they give us Finance Industry "reform".

Soooooo... when something to stimulate business and jobs finally rolls around, how deep into the new Great Depression quagmire will we be?

Hope, Change = Bad timing, Making it worse.

Collapse-a-mundo!!!!

What would Fonzie say?



Seriously. Watching the ticker this week is better than the World Cup.

It's not even 11am fer chrisssakes.

exciting

Media Dinosaurs blather about their irrelevance

I learned NOTHING from this clip.

double dip in housing?

Does all this Doom and Gloom news just evil self-fulfilling prophecy?

...or simple observations that help us in preparing for collapse?

yes and yes.

ouch, why does my anus hurt?

Krugman: The 3rd Depression

Krugman:

"We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

And this third depression will be primarily a failure of policy. "

http://www.nytimes.com/2010/06/28/opinion/28krugman.html

"de-incentivizing" growth...

...the Obama Formula

Trillions for Defense, trillions for entitlements - stratospheric spending. What's gonna happen?

Budget is broken, sez Bill Clinton

"...you can't get milk out of a turnip."

Slick Willie advocates large scale SBA loan guarantees to free up the 1.5 trillion the banks are currently hoarding to gain a million jobs in 6 months time.

Housing recovery as elusive as Jesus and Waldo

as in: not any time soon, Chuckles.

These are Dark Days, people.

home prices

When Shiller speaks... usually no one wants to listen.

just wish him into the corn field and everything will be alright.



Best case scenario:
"starting in 2011, going up at 2 to 3 percent a year"

Worst case scenario:
"when that (bubble) burst, home prices fell in Japan from 1991 to 2006.... 15 years of decline"

do ya feel lucky punk? well do ya?

People who claim to know shit say the chance of a double dip recession has sunk to 20%. Some same the chances have increased.

Everyone predicts slow growth at best.

Obviously, no one knows for sure about anything.

But the consensus ranges from semi-crappy to horribly crappy.

months of right-sizing, still no takers

151 23rd Street in "Greenwood Heights" Brooklyn.

$595K down to $399K

Who do you gotta blow to get this market re-started?

Huaxi, the richest village in China

Do you ever wonder where all that money goes for the cheap electronics and clothes and crap we're always buying? Wonder no more.

In Huaxi, everyone has a villa, a car, free cooking oil, total health care... McMansion-ey American-Dream-like hive living for all.

The catch?

A 7-day work week and you can never leave.

http://english.cri.cn/7146/2009/04/16/2041s475214.htm

Oh, and they're building the 15th tallest scyscraper on earth.

It took only 30 years from a rural muddy-road village to first world trappings.

When do the crystal meth dealers arrive? How many decades before it resembles Detroit?

yay... oil has collapsed

there's one thing to keep the wheels of commerce rolling along.

food, oil... way up

Hungry?

Want to go places? do stuff?

Expect to pay more. remember the 70s... 80s? Yeah, like that.

Petrochem increases are at the danger threshold. Vegetables up 56% from a year ago... fruits up 29%.

See, the government tracks this stuff: http://www.bls.gov/news.release/ppi.htm

Does anyone in D.C. bother to read this stuff?

feed the bear

which way are home prices going?

Doom on you, home buyer

10 charts to scare the piss out of you prospective home buyers.

The Future

Mismanaged health care, rising costs.

Further housing market shocks and after shocks.

Employment stagnation.

Extended retail slump.

Double dip.

Civil War.

Revolution / Race War.

More Civil War.

Triple dip.

Eating of babies.

Trolling the Wasteland in search of petrol and dog food cans.