great depression
One of the Festivus Miracles of American Journalism is that the Wall Street Journal is such a very good newspaper despite the daily presence of its editorial pages, which are run by a couple of brain-damaged wingnuts who would be unwelcome on AM talk radio, as callers. Today, one of these comical editors has typed [...]
Times are tough, and nothing is funny, but sometimes the “real” God (the Economy) plays an amusing prank on various fools who bet on the fake god: “Oral Roberts University will lay off about 100 employees, days after it agreed to a near-$450,000 separation agreement with its former president who resigned amid a spending scandal. [...]
Sometimes the stock market is more “faith based” than a mall-church full of unemployed white trash. The Dow did a triple-digit plunge this morning, because the world is actually ending, especially the “making money” part, but it suddenly did a 200-point turnaround on month-old data suggesting a whole 4,000 heavily marked-down new homes sold in [...]
In good news, oil is back to September 2007 prices. (In bad news, gas was still $3 a gallon then, so, uhh …) WHAT DOES IT MEAN. It means the numbers are finally coming in to back up the gloom. Nobody in the stores, no demand for gasoline as people have no jobs, no money, [...]
Whoa, jesus, the Dow’s down 500 points, again. What’s the newest bad news for everybody? People have quit going to the stores, to buy stuff! There are many signs that your job will soon be gone, if you’ve still got a job! They’ve just shut down the markets in Brazil, after a 10% plunge! [Bloomberg]
By the Comics CurmudgeonSo apparently 60 percent of you think that we are on the verge of a new Great Depression! Hopefully those of your who believe this are preparing yourself for the coming crisis, by putting your money in low-yield, low-risk investments, stocking up on canned food and ammo, and drinking heavily. But there [...]
OH HEY THE DOW‘S ABOUT TO DROP DROPPED BELOW 9,000: 8,916, 8,874 8,790 at the moment. Just turn on CNBC or Bloomberg TV, this is remarkable. A year ago today, it hit the all-time record of 14,165. So the value of the 30 biggest companies has plummeted by 37% 38.8% over these past 12 long [...]
Oh here is a cheery “hump day” cartoon for your New Depression, courtesy of Jeff Danziger. [DANZIGER CARTOONS]
‘Never a N___r In The White House, Biggot!’
by Ken Layne
Here’s something good about our new Great Depression: All Internet companies are going under, soon, along with the websites of newspapers and cable channels, and of course all the companies that provide the free blogging. What this means, we sincerely hope, is the end of Web Comments, forever. It was an “interesting” experiment, etc., and [...]