What exactly is a "consumer" and why are there still so many of them?
Terminology: Try telling your credit card company that you are entering a “six-month standstill” in repaying your debts. Dubai thought it might work on its $80 billion ...
Match'em Quiz: Match the markets with their results: (a) CAC-40 (b) DJ 600 Stoxx (c) DAX (d) FTSE 100 (e) Hang Seng. with (1)-3.3%, (2) -3.2%, (3) -3.4% (4) -3.3% (5) –2.75%
Counting: If there were 416 “problem banks” in the second quarter and 552 at the end of the third quarter and 50 banks had failed in the meantime, how safe is your money in an FDIC bank?
Another Record Year! Atmospheric carbon dioxide continues to climb at rates that match scientists' worse-case scenarios, reaching levels not experienced in the last million years. We're living in a mad scientist's laboratory.
Hip-Bone connected to the.... Commercial Real Estate is “going sub-prime” and mortgage holders are likely to suffer big losses. Banks may write off $430 billion. Big life insurance companies have about $150 billion in “exposure” and some may have difficulty surviving an extended downturn, but so far their accountants “have not recognized material impairments or losses”. Wouldn't know a loss if it sat down beside them.
Good News Bad News: The good news is that scientists have succeeded in producing the polymers used for everyday plastics through bioengineering. The bad news is that scientists have succeeded....
Smoke: There's a reason everyone thinks there was collusion between the Treasury and AIG to conceal payments to Goldman Sachs.
Location, Location, Location: Over 5 million US houses are worth at least 20% less than the mortgage and 10.7 million are underwater to some degree. Nine percent of Americans are either in foreclosure or more than 90 days behind in their mortgage payments – a point from which foreclosure is all but a sure thing.
Official Talent: The Census Bureau employee found dead, hands and feet tied with duct tape, mouth sealed with same, rope around neck and “FED” written (bottom up... ) on his chest has been determined to have committed suicide.
And Then the Rains Came: By the end of 2010 the US has to roll over $3 trillion in existing debt plus finance another $2 trillion in new debt. Sucking that much money out of the market will dampen things, if they can actually do it.
Just Sign Here: Another set of studies has shown that Americans are financially illiterate, a foregone conclusion in the land of the otherwise illiterate and innumerate. Go figure.
Garden Party: China says it will not sacrifice its growth just to reduce CO2 emissions. “Can't please everyone, gotta please yourself.”
Oil and Economics: At $90 a barrel, 4.5% of the global economy goes to pay for oil. Any higher price will destroy the economy and thus destroy demand. “So we do have a ceiling on how much expensive alternative fuel we can put into the market.” said Saudi Aramco's former VP of production, who apparently isn't deeply invested in Iowa corn.
Plot Sketch: A group of well paid and highly trained American assassins, working out of a safe house in Karachi, covertly kidnap, torture and kill terrorists, saving the world from forces that would kidnap, torture and kill Americans in revenge.
The Sequel: Citi fears that investors haven't learned anything in the last two years and the rampant speculation in basic commodities will turn out badly. Badly, as in “Sub-Prime II, the Sequel”.
Strange Idea: Let Afghans solve Afghan problems. It'll never fly, there's no profit in that approach.
Socialism: The next time someone bitches that the government spends 43% of its money on Social Security, Medicare, and Medicaid, remind them that 34% of the government's money comes from dedicated Social Security and Medicaid taxes and only 9% of general tax revenue monies go to these programs.
Porn O'Graph: Money vs pretense.