- BUT ENERGY STOCKS ARE DOING OK! Remember how all the government economists said the second half of ’08 would be better? They lied. [Newsweek]
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{ 17 comments }
Remember how everyone who wasn’t a government economist said that the government economists were full of shit? They told the troof.
If they’d only get around to sending me my $600 stimulus check (which their website says I’m supposed to get but still hasn’t shown up), I’m sure everything will be fine.
…they meant “better” in its Biblical Revelations sense.
The really fun subprime mortgages haven’t show up on the balance sheets yet. You know the ones that were peddled to the greedy or ignoranuses, “No Money Down. Interest Only”? Yeah those ones. When those fuckers hit the books, everyone will probably look at the collapse of Bear Stearns as the “good old days.”
What this shows is there are really two types of hope. One is hope based on working to build a better future. The other hope is the one that no one notices you took a dump in the punch bowl till you left the party.
I did a really elitist thing last night: I switched over my electricity provider, so I’m now receiving 100% of my electricity from 100% renewable resources.
I’m also going to buy coal futures, so I guess I’m offsetting the offset, huh?
Well, heck, we’d better start kissin’ Chinese ass tout suite or we’ll be in the toilet before you can say ‘number one with egg-roll’.
BTW did you know that the Polanski comments are off?
Help us, Barry Obama-Wan Kenobi, you’re our only hope!
economy, you are NOT invited to my pizza party.
Bob Toney, president of Ft. Lauderdale, Fla.-based National Liquidators, which auctions repossessed boats and yachts, has doubled his staff to 78 employees to pick up around 120 boats a month.
Well that’s good news!
(Newsweek’s tortured Jessica Simpson references make this depressing article so much more depressing.)
I just hope the banks are smart enough to invest in commodities to help minimize their losses in real estate, and doubly smart enough to withdraw before that bubble collapses. I’m not counting on it, though.
[re=10779]ronaldpagan[/re]: When they start reposessing privately owned 757′s, then it’s time to worry.
I gotta start me one o’ dem energy companies.
And Countrywide still sends me a letter every month or so wanting me to refinance and take cash out. The beat goes on.
[re=10875]ZombieRichardFeynman[/re]: Dude, sometimes I feel like just saying Yes to Countrywide, DiTech, WaMU, Lending Tree etc. We should just rob the bank while the robbing is good – during this last brief period that the US dollar is worth more than the peso.
By fall, the W.’s propped-up Fed, stock market and fat-hat Banks are gonna have to have the world’s biggest Come to Jesus Moment by owning up to all their unregulated markets, insolvent speculators, phony ratings and the true value of these non-performing “assets.” By then all these “Free Marketeers” will not only be forced to readily admit that their emperor is butt naked with no clothes, but that he has also been unapologetically presiding over a Bukkake orgy for the past 7 years.
[re=10772]graceless[/re]:BTW did you know that the Polanski comments are off?
Everything about Polanski is a little off. But still interesting!
What I want to know is when they are going to re-label the “Next” button. On my browser (Firefox 2.0.0.14 on iMac) it should be labeled “Great Moments In Wonkette History (3 Weeks Ago, Give Or Take)”
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