depression
Hmm so yes, this is what it’s come to: our national financial crisis was predicted by a comic book movie about a villain with a lumpy white sliced-up face. This mashup of George Bush’s sad address from last night and Heath Ledger’s bravura performance as an insane person with drymouth is dreadfully offensive to the [...]
It’s time for an old-fashioned “fireside chat,” minus the fire, and minus the comforting voice of paternal buddy Franklin “FDR” Roosevelt. Instead, that one guy will be rolled out this evening, Bush Junior. He will awkwardly read from a teleprompter about the dire economic situation and how those lousy Dems better back Paulson’s $700 billion [...]
If you own a house, it’s now worth negative nothing. If you’re a renter, your landlord is probably already in foreclosure and you will soon be homeless. Got some investments, maybe a 401k or whatever? You really don’t even want to look. Got one of those fancy jobs with benefits and health care and such? [...]
Barack Obama is on an economics campaign tour this week, traveling to various sad places to let people know there’s still hope, but not really. Today, for example, Obama visits Flint, Michigan — the ruined auto-factory town that primarily serves as a backdrop for sad economic speeches, ever since Michael Moore destroyed the once-prosperous city [...]
The Dow is down 370 points (2.5%) while the NASDAQ and S&P500 make similar terrible plunges, unemployment shot up the most since 1986, oil hit $138 and gasoline costs $4.50 a gallon at the start of summer, teen-age unemployment hasn’t been this bad since 1948, the housing collapse is really just beginning, foreclosures are at [...]
Investment Tips For The New Apocalypse
by Ken Layne
You know what we haven’t done in a while, due to fatigue or nerves or hangovers or whatever it’s called? A Comment of the Day, that’s what! Let’s do one right now, and honor Mr. or Mrs. NebraskashireGentry for this smart economic advice in response to our tragic 4 a.m. Great Depression II post.