Tag Archives: recession

Intellitech College still recruiting students for really crappy jobs

It’s how we know the economy doesn’t actually exist in any meaningful form. I might have written much the same thing 9 years ago when the Banks took us into a Great Recession or Massive Market Adjustment by buying debt, … Continue reading

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Happy (International) Labor Day

Because the official one will be (a) months away and (b) it’s going to be a party for office workers more than laborers. All the bars and restaurants and stores will be open. THEIR employees ain’t going to have the … Continue reading

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It’s not a recession, it’s a robbery.

This image gets my vote for the KILLER APP of internet memes to explain what the “economic crisis” and its global banking “austerity measures” are really about: pure greed. All the rich have ever wanted is everything. Damn the middle … Continue reading

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Flag pin betrayal

Of course you know I would just never unleash a vicious attack like mocking a fake-patriot or faux-elitist move like wrapping ones bullshit in either the flag or the cross. Just have to point out that the flag lapel pin, … Continue reading

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Dogbert explained financial meltdown two decades ago.

If it didn’t embed the picture, that’s where Dogbert applied for one credit card, with the aim of using the phantom money on that card to order another, and another, until eventually he would have all the money in the … Continue reading

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Remember Fred Thompson and his Little Red Pickup?

The one that he had somebody deliver to a short driving distance from his rallies, so he could pretend to be “jes plain folks”? He’s doing Bankster Commercials. Yep. Working for an investment group, who are hawking a “reverse mortgage”. … Continue reading

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How Does It Feel?

So I’ve been letting this ferment for about a week. Good Morning America had a session about “Money in Your Closet” which wasn’t aimed to the vast majority of Americans who make substantially less than “Average Income”. How to sell … Continue reading

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BP, Meet Agatha

As in, the first named storm of the season. So far, 12 killed in Guatemala. Oh, and we were duly informed that the Top Kill maneuver failed. If it’s any consolation to us they didn’t wait two weeks to tell … Continue reading

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Alfred Lownstein and Carrion Fowl Capital

We got our satellite TV today, and on History International there’s “History’s Mysteries”. War Profiteer/Wall Street Weasel (ok, so the European version thereof) financier Lownstein is flying across the English Channel. End of life history is he’s reported to go … Continue reading

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Wasn’t the Recession simply terrible?!

From the infamous 1931 sign above a bread-and-soup line showing a happy smiling family smartly dressed riding in their new car… Dow Jones doesn’t “slide” below 10k… it “plunges.” OOPS. The accompanying picture on AP shows a bunch of floor … Continue reading

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Hummer DEAD! “Proud Conservative” driving the Ultimate Welfare Cadillac

Yep, the gas guzzling (6 miles to the gallon) Replacement Penis is no longer being manufactured! Marketed to people who feel cheated, abused, picked upon, bullied, IMPOTENT, ridiculed… “Pay $50,000 (base price) for our Worthless Piece of Shit and Become … Continue reading

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Turning the economic corner to what?

The US media is now full of optimistic assurances to ‘We, The People’, that ‘the economy is turning the corner’ and all will be well once again as if that was ever all that much the case! Certainly it has … Continue reading

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Apres nous, le Depression

If it matters what to call this financial crisis, what is it? Is America in a recession? When does a deep recession approach a depression? When is an economic crash revealed to be a collapse? Before we can rename the … Continue reading

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The American dyslexia for economics

The interest rate for banks is down to zero. B of A and Citibank are still charging 39%. What again does economic news have to do with me?   The biggest news on the economy was BREAKING NEWS a week … Continue reading

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AIG and Washington Mutual soon to follow Lehman Brothers down the drain?

To put things in perspective, it helps to know that Lehman Brothers holdings were 10 times the value of Enron’s, a company that also fell into bankruptcy amidst scandal. But the collapse of the American economy is not over yet, … Continue reading

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Food riots, economic sustainability, and the historical economic rate of growth

As the world moves toward recession/ depression, dragged down by the bursting US bubble economy, food riots are beginning to occur in multiple locales around the planet. The inflation rate in 2007 for food staple prices has been around 40%. … Continue reading

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