money
The Federal Reserve this afternoon is expected to cut the fed funds rate from 1% to .5%, a modern record. The government is printing more money than you can shake a stick at, all night, every night, to give to financial companies. This should be an incredibly sexy time to make LOANS. Overnight loans, car [...]
The Dow Jones fell 679 points today, since it’s been a full six days since Paulson last introduced a new multi-hundred billion dollar loan or loan guarantee program, and everyone on Wall Street is a child: “The day’s news reminded investors, who last week were buying on a burst of optimism, that the economy is [...]
Here’s a frightening math chart from the mathies at Calculated Risk putting that record 2.8% October retail sales decline in perspective. (As if a record drop in consumer spending needed more perspective!) Sales are down 8.8% on a year-over-year basis, which may just strike you as, “bah, some dumb number,” but this graph shows that [...]
Did you know that some Christian dingbat has dubbed today the “Day of Prayer for the World’s Economies?” Well here they are, at the Wall Street bull statue thing, praying to Jesus for money. The dingbat has explained, “We are going to intercede at the site of the statue of the bull on Wall Street [...]
Since Barack Obama has a full 137.99% of the entire world’s supply of dollars, John McCain now finds himself at a financial disadvantage! He’s stuck with a pauper’s sum of $84 million in [*aristocratic shudder*] “public” funds, which is what Joe the Plumber makes in one hour. In other words, John McCain now knows what [...]
Congressional Democrats will save the economy this Friday by letting Henry Paulson, the new president, do whatever he wants about anything, policy-wise. Mostly this will involve giving a trillion dollars to his friends on Wall Street in exchange for some junk mortgages which Paulson will re-sell, to no one, because they’re junk mortgages. On the [...]
Now that American Capitalism has completely failed and the U.S. currency is even more worthless, the folks at the U.S. Mint are having some fun by releasing this new Lincoln Penny, which reminds us that all Republicans are terrible closet-case homosexuals having grim bathroom encounters in these Log Cabins on the edge of town, by [...]
America’s president, George W. Bush, was supposed to go to a fundraiser today but he had to stay home and send Dick Cheney in his stead to stand around the buffet table and shovel shrimp cocktail into his pockets. Why? Because of the economy, which George Bush is “concerned” about! He even talked about it, [...]
What is dumb Fox News doing now, hmm? It appears they aired a segment over the weekend called “Will High Gas Prices Cost Your Kids Their Education?” This, presumably, was to explain this secret classified report: If you have to spend more money on one thing, there is less money to spend on another thing. [...]
Here is some terribly offensive bit of non-circulating Liberian currency. It’s a $20 “Silver Leaf Coin-Certificate,” but nine plus eleven equals twenty, so that’s what they have on the back of the bill. You do the math: as we all suspected, the September 11th attacks were perpetrated by Liberian Masons, backed by Rudy 9iu11iani and [...]
