Whatever theory they're using isn't working.
Deconstruction: Fannie and Freddie are a bad idea that didn't – couldn't – work. They're going to cost the taxpayers a half-trillion dollars as they flounder into failure. But no one knows what comes next. They are the entire US housing market. They don't work, but US housing doesn't work without them. Your move.
Oil on Troubled Waters: American academics are shocked to learn that BP is buying up scientific experts ahead of years of lawsuits. Research into freeze-dried water continues.
Missing Data: How can economists model the economy if they do not consider the limits placed on economic systems by declining energy resources? If the economy runs on oil and oil is running out, don't you think there's going to be some deleterious effects along the way? But no, their answer is that higher prices for oil will make more oil appear. Shazam!
Healthy Insurers: Blue Cross/Blue Shield insurers are sitting on piles of cash more than three times the amount they need – yet they keep raising our rates 20% a year.
Freedom From Information: The Australian government redacted 90% of a document outlining its plan to monitor citizens' use of the internet, claiming they did so to “prevent premature unnecessary debate.” As opposed to timely unnecessary debate.
On the Border: Venezuela, acting “out of dignity” has broken off diplomatic relations with Colombia. Why do I suspect the US is involved in this in some way?
Smoke and Mirrors: Just as pension management used to pretend solvency by “assuming” 20 consecutive years of whatever rate of return was necessary to keep up the charade, banks are now making useful adjustments to their anticipated loss rates. Neither approach should be confused with events in the real world.
Nothing Left to Lose: “We don’t know how well the plan would actually work — but there’s no harm in trying...” Paul Krugman.
Go Away! Population growth is the biggest problem facing us. The resources do not exist to raise the current poor to a decent level of existence and we're adding 220,000 a day. The only way the earth can support mankind is for there to be a lot fewer of us. If we can't feed 11 billion, there won't be 11 billion very long.
More Non-Evidence: Everywhere the US Army goes it sprays depleted uranium projectiles. Later on when the birth deformities and cancer rates skyrocket, there's never any connection. Fallujah is just the latest iteration, where the people of Fallujah are experiencing higher rates of cancer, leukemia, infant mortality, and sexual mutations than those recorded among survivors in Hiroshima and Nagasaki.
Over There: Chinese banks will be lucky to get back 27% of the $1.1 trillion they've lent to local governments for infrastructure projects. What's 'bailout' in Mandarin?
In Outline: Atmospheric CO2, after being stable for several hundred thousand years, began rising with the Industrial Revolution, has now increased by 40%, and is still rising. Temperature, too, follows the same trend. (Increasing CO2 leads to increased temperature.) Long term factors cannot explain short term effects. The penalties for continuing 'business as usual' are immense, nearly infinite. Vested interest in the carbon economy are short-sighted, self-centered, and well-funded. And greedy, very, very greedy.
Asked & Answered: Were the HAMP mortgage modifications worth all the hype, did they accomplish anything? Nope.
Porn O'Graph: Fever, we give us fever.