Man cannot live by theories alone, except for economists.
Stock Market Summary: This Market Needs Another Stimulus Package. The Dow is down, the NASDAQ is down, the S&P500 is down. It's time to give away another trillion or two.
Horse's Mouth: Goldman Sachs says that if they cannot deal in the shadows while forcing Joe Public to work in the center ring with spotlights, they wont be able to steal as much money. That's not quite a literal translation, but that's what they meant.
Short, Pointed: The headline: The Worst September For Home Sales Since 1981. Comes with a free chart.
Who Said, and What did they Mean: “The equity markets provide perhaps the best example of a highly evolved complex ecosystem, where care must be taken to preserve the benefits that have evolved from competition and innovation… “ Goldman Sachs, justifying keeping its activities secret.
Confusion: Reports are circulating that one of the Karzai brothers works for the CIA. Just the one?
Catabolic Collapse: Bridges at both end of the country – the San Francisco-Oakland bridge and the Lake Champlain bridge (NY/VT) both have been closed for urgent repairs. Too bad there wasn't any stimulus money left over from feeding Wall Street to put some people to work fixing up this countries rotting infrastructure.
Bonus Question: “Will the US Senate stand for the people or health insurance firms?”
Essay Question: Do US drone attacks on unarmed civilians in non-combatant countries violate international law? Assume for the purposes of your essay that (1) such attacks might happen (2) there are non-combatant countries, and (3) there are international laws that apply to the US.
Quoted: “How bad does it have to get in the US before the people finally speak out? Wait and see, because it will be getting worse, a lot worse than you might imagine.”
His Master's Voice: Goldman Sachs now estimates GDP growth in 3Q 2009 to be 2.7%. Don't expect the market to rally anytime soon.
Term of Art: Strategic Non-Foreclosure. There is a growing disparity between mortgage delinquencies and foreclosure starts by the banks. Banks appear to be be foreclosing only about half the number expected by delinquencies. In September the number of house 90+ days delinquent was more than twice the number of foreclosures started. Why? Because the banks want to stick the homeowner with the taxes and maintenance.
Pot, Kettle: The reformed Mr. Gingrich criticizes the unredeemed Beck as "destructive'.
Surge Support Surges: A poll taken in the Pentagon parking lot shows growing support for an increase in troops, more combat command slots, swifter promotions, and more medals. Lots more medals.
Freddie Kruger Moment: Just in time for Halloween, Joe Lieberman (Idiot-Conn.) said that he’d back a GOP filibuster to put a stake through health care reform's heart. Lieberman doesn't want the Congress “to do too much at once.” Or even at twice.
Porn O'Graph: You are here, and wish you weren't.