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I wrote this in response to a friend who said he agreed with Goldman Sachs that austerity is the biggest threat to the economy. After all, look at Britain (see, for example, “Why Budget Cuts Don’t Bring Prosperity”, David Leonhardt, The New…
The indicator I prefer is the Hot Waitress Index: The hotter the waitresses, the weaker the economy. In flush times, there is a robust market for hotness. Selling everything from condos to premium vodka is enhanced by proximity to pretty…
(Via ZeroHedge) The other day CNBC’s Charlie Gasparino went after the “moronic bloggers” and Michelle Cabruso Cabrera commented that that was a redundancy. Gasparino referred to the ZeroHedge blog repeatedly as ZeroIntelligence (scroll to about 2:35 of the second video). …
But they should also be prepared to add to the stimulus now that it’s clear that the first round wasn’t big enough. ….. He needs to remind the country that he’s trying to steer the country through a severe economic…
Hope is the magical elixir of any rebound. – Dennis Kneale, CNBC Reports, July 1 There are a lot of idiots on CNBC (Leisman, Insana, Ratigan (formerly), Kudlow) but I think Dennis Kneale is the biggest one. His basic rationale…
Rolling my eyes….. This so reminds me of the Mike Judge’s movie Idiocracy.