Rolling US Economy Into The Shitbin Thread

speaking of looming crises

(could do a little of both but who wants that???)

also, i dunno if anyone else has noticed, but ive been seeing a lot of advertisements in spanish?

believing that the debt is the crisis to be addressed now (and by spending cuts, no less) is on par with imminent dangers of saddam's chemical/nuclear arsenal on 02/03.

there are significant structural problems with with our revenue/spending. but you need a realistic plan to get through this, and fake ass austerity is neither necessary nor productive to short term recovery. also, i light of the likely further, unnecessary economic contraction that will result, it is far from optimal in addressing the middle to longer term deficits that are predicted.

this is a straight political play by the "brainpower" of the gop, and it's a panic/hissy fit by teatards. i'm pretty pissed they wanna sink the ship to "save" it.

so mommy and daddy argued about cutting up their cards, because they weren't making progress paying down their balances. but daddy was pissed. he sold mom's car, and now she can't get to work, and is gonna lose her job.

daddy's also pissed that his kids seem ungrateful. when they go hungry because mom lost her job, he's just gonna have to tell those brats- "it serves you ungrateful lazy bastards right- you think money grows on fucking trees? we gotta live within our means here!" then daddy gets in the beemer he refused to trade in for something less fancy.

also daddy keeps trying to ban sharia law inside the house

^^^ basically a bruce springsteen song

mommy and daddy tried to live real cheap
daddy got drunk and he sold her jeep
she lost her job cause she couldn't get to work
boss said "ma'am, I don't mean to be a jerk..."

daddy said "son, you think money grows on trees?
if there's one thing I know you gotta leave within your means
this beemer's mine but they wanna take it away
it's the muslims fault...and fannie mae..."

oops 'live within your means'

this beemer's mine but they wanna take it away
it's the muslims fault...and fannie mae..

roffles

that's the true genius of these bastards throughout American history ... blame the darkies for the messes the bastards created themselves.

it's a shame that we haven't either a President or an opposition party that can properly stand up (or head off) these shits. FDR seems more and more like an aberration than anything else.

worrying about the crisis around the corner makes little sense when there's a more important crisis happening right now - 9.1% unemployment, no real growth prospects

hey, governments defaulting on their own people is cool.. it's defaulting on the banks that's the real worry

re fdr- yeah i recently read supreme power (i think as a result of a recommendation from alfred? somewhere at ilx i'm sure).

anyway, talk about wishing for someone with a humane vision and an ambitious sense of possibility. :( the contrast with now was killing me.

*shits in bin*

so what are the best european conutries to move to, that arent facing crises

switzerland

oh nm forgot you weren't white, nowhere

lol :/

re fdr- yeah i recently read supreme power (i think as a result of a recommendation from alfred? somewhere at ilx i'm sure).

anyway, talk about wishing for someone with a humane vision and an ambitious sense of possibility. :( the contrast with now was killing me.

― what does anything meme? basically (Hunt3r), Monday, July 4, 2011 10:05 PM (1 hour ago)

still need to get around to this book ugh

switzerland, austria and germany are definite possibilities (given my line of work and that i speak German). and i'm white (and my grandma's hometown was born was part of the Austro-Hungarian Empire when she was born [even though she wasn't ethnically German]).

https://www.youtube.com/watch?v=MwKYjZ_8EcE

omfg

day traders are fucking idiots

dude that video is so fucking awesome! almost made me cry. you could see the same passion i have in the people in the video

thanks a million for sharing

jreese6969 1 month ago 7

absolutely exquisite casting

which one is captain lorax

I almost posted this to the 'friends fb status' thread the other day:

M@risa Kryst1@n
‎12 hour day done. And I'm officially a Forex trader! Time for champagne :)
18 hours ago · Like ·

I almost posted this to the 'friends fb status' thread the other day:

M@risa Kryst1@n
‎12 hour day done. And I'm officially a Forex trader! Time for champagne :)
18 hours ago · Like ·

I almost posted this to the 'friends fb status' thread the other day:

M@risa Kryst1@n
‎12 hour day done. And I'm officially a Forex trader! Time for champagne :)
18 hours ago · Like ·

weird doesn't ilx prevent you from accidentally posting the same msg?

On a law board I read occasionally it's pretty common to see threads like "What stocks can I buy to profit off the coming rise of China?" and it's just facepalm in so many ways.

we are traitors

much love to yesterday's senate resolution

(1) The Wall Street Journal reports that median pay for chief financial officers of S&P 500 companies increased 19 percent to $2,900,000 last year.

(2) Over the past 10 years, the median family income has declined by more than $2,500.

(3) Twenty percent of all income earned in the United States is earned by the top 1 percent of individuals.

(4) Over the past quarter century, four-fifths of the income gains accrued to the top 1 percent of individuals.

(5) who is up for some tapas, let's go

(6) we hereby declare that it has been a totally sweet quarter century for everyone in this room, and our fabulously powerful friends

THEY LIVE
WE SLEEP

http://ftalphaville.ft.com/blog/2011/07/15/623881/the-aaa-bubble/

gulp

"What stocks can I buy to profit off the coming rise of China?"

i do kinda wanna know the answer to this one, though...

china's economy is a house of cards fyi

so... short bidu?
there was this dude profiled in that moneyball guy's book about the financial crisis -- this guy spent all day listening to black metal and independently figured out the mortgage backed securities was a time bomb and he bet loads of money against it somehow and now is living on some black metal island paradise. i want to be that guy.

rofl @ black metal island paradise

baidu you mean?

yeah black metal island paradise = the island of greenland

anyway china's gdp is high because of all the money the government sinks into infrastructure, it artificially games the way GDP is calculated

it's pretty obvious to all who're watching the chinese economy that there's also a huge housing bubble atm

dayo when you short baidu it becomes bidu

I'm guessing you don't know very much about finance

oh shit! outed :O

if we can isolate a few chinese stocks to bet against, and if they collapse on schedule, i'll use the proceeds to pay ilx's server costs for a year and the remainder to purchase a non-genre-specific island paradise. how's that sound?

let's gather our assets and short! i have a half bottle of Sauvignon Blanc

China is brilliant about how much money they're spending towards public transportation/monorails. If I remember correctly USA is spending 1/10th that amount.

http://english.peopledaily.com.cn/90001/90776/90882/7435705.html

we're certainly not spending a lot of money on monorails