The US won't have hyper-inflation; we'll call it something else.
Tracks: Reports say US Manufacturing is increasing – especially in the auto sector, along with consumer spending and consumer confidence. But no one seems to notice that the customers have no increase in income to pay for this. Hasn't bothered Wall Street for 30 years, why should it now?
Image Problem: Between 1946 and 1948 US government researchers intentionally infected people in Guatemala with gonorrhea and syphilis, then encouraged them to spread the STDs. About 30% were left untreated so their cadavers could be examined.
Grasping at Straws: Researchers report that when two dolphin species meet, they attempt to find a common language. Maybe there is hope for our political discourse after all.
Correction: Google should issue an apology for its delay in upgrading its software to display AfPak properly now that Afghanistan and Pakistan have merged and attacked the USA, forcing the forces of truth and light to carry out a glorious campaign in the general area.
Heads You Win: The SEC is canceling hundreds of thousands of roboticly made computer trades that quickly drove the LQD ETF down 10%. The rule is that if high-speed computer trades make a profit, they get to stand, but if they lose money, the SEC calls a mulligan and everyone gets a do-over. It's the free market in action.
Family Values: “At least 78 GOP candidates for US Congress would force women to bear the babies resulting from rape or incest.”
Choices/Consequences: There's been this fairy tale making the rounds about American deleveraging, American austerity. Hasn't happened yet – all of the reduction in consumer credit can be traced directly to bank write-offs, not ‘savings’. After 30 years on a credit binge Americans still cling to the McMansion/fillet mignon mirage and not the cardboard box/cat-food future that is far more likely. Nearly 40% of those in the 45-55 year age bracket have less than $10,000 in retirement savings (and much of that is in the supposed equity in their houses). 30% of those over 55 have less than $10,000 saved up. It is too late for these people to decide to save. Their choice was made long ago and it depended on magic and a lot more Bigger Fools than there turned out to be.
Sci-Fi Creep: Homeland Security is buying a bunch of mobile 'backscatter' X-Ray vans so they can drive around randomly scanning passing vehicles. It's to make you feel more secure.
Slant: Our myopic friends in the MSM are pointing out that Chavez managed to gerrymander election districts so that even with just 48% of the vote he will win a crushing victory. Look at the shape the politicians have carved your voting district into in order to make it “safe” for them and tell me the difference. Remember that George W.'s 47.9% was less than Al Gore got.
Priorities: Republican Senatorial candidate Christine O'Donnel says God wants her to win so she can filibuster the godless Democrats and prevent the Congress from passing any legislation until Boehner gets back from The Mountain.
4 comments:
reports are everywhere about "personal income growth"; i had to go looking for this:
Median Household Income Fell Once Again in 2009
The US Census Bureau announced earlier this week that real median household income in the United States dropped in 2009 to $49,777. This was down from $50,122 in 2008, and $50,233 in 2007. It's not very surprising to note that real median household income in the United States has dropped since the beginning of the "Great Recession" in December of 2007. If you had to guess when the United States hit its peak in terms of inflation adjusted median household income, what year would you guess? If you said 1999 (which was the height of the dot com bubble), then you would be correct. Inflation adjusted median household income in the United States in 1999 was $52,587. That's not really a surprise, especially considering the fact that the national unemployment rate was hovering near an outrageously low (relatively speaking) 4%. Times have changed.
If you feel poorer than you did 10 years ago, that's because you probably are.
http://www.davemanuel.com/2010/09/30/median-household-income-fell-once-again-in-2009/
Slant:....
Don't forget the Democracy Fraud that is Canada.
A recent election in the CDN province of New Brunswick (run by the IRVING business cartel) resulted in a party with 48% of the vote getting 42 of the 55 seats up for grabs. That's 76% of the seats for only 48% of the vote! Two other parties which received 10% and 5% of the vote got nada seats.
This goes on all the time in Bananada with governments sometimes receiving majorities with as low as 35% of the vote! What makes it even more egregious is that there is no effective upper chamber in Bananada. Meanwhile, smug and complacent Bananadians preach to the rest of the world about democracy, blah, blah.
http://en.wikipedia.org/wiki/New_Brunswick_general_election,_2010
Re: Family Values
And those same Republicans will also oppose increased government spending to alleviate the social costs the resulting children born out of wedlock will cause (even when the purported father cannot be found, or cannot or will not pay). All in the name of "personal responsibility" of course. Don't you know they will ignore the children once they are born (or the women will be pressured to give their children up for adoption).
Let me tell you, practicing law in private practice for twelve years changes how you see the world.
RE Choices/Consequences We keep talking about the US hitting that wall (of debt that is) but the public gets their economic info from NBC or other entertainment outlets like 'em so I'm not surprised that we see no substantive change in behavior nationally. Only those newly poverty stricken among us may have learned the lesson. Talk about extend and pretend.
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