Tuesday, September 30th, 2008
So, now we have a more clearly defined direction this week.
We know the bailout is on its way. Oh, what’s that? No bailout.
If the bill had passed yesterday .. the first $250Billion will be injected immediately into the economy to unlock the credit markets (temporarily, hehe).
… The economic stimulus check was designed to do the exact same thing. We took the check and spent it all on $5 per gallon gasoline (petrol).
Great plan.
No really.
Fantastic stimulus.
The economy recovered.
Oh, it didn’t?
Well, why not?
Posted in bailout, check, economic stimulus, economy, financial crisis, meltdown, panic, politics, stimulus | No Comments »
Sunday, March 16th, 2008
Three witches enter.
Job Witch: Ahh. My wage is half it used to be.
Money Witch: My paper is worthless.
House Witch: My home is not my home. Tis my burden now.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Job Witch: Send my position overseas,
ignore my tireless plees, for prosterity,
and other sundries irrelevant.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Money Witch: Make me cheap, pricey to make,
leave shocked consumers, in my wake,
print to death, my soul you take,
as much as you need.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
House Witch: Bring the crooked to my hearth,
show them riches from the start,
job not needed, tax-free cash,
hide the earnings,
in your stash.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Shhhh. Hear the crackle. Hear the burn. Hear Uncle Sam’s stomach turn. Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh. POP!
Posted in bear stearns, bolero, crash, credit crisis, depression, dollar, federal reserve, jp morgan, panic, recession, stock market, stocks | No Comments »
