The
rich, too, are permanent fixtures.
The
Doctors Said:
The Fed has decided to hike interest rates in order to put a brake
on economic growth. Really. And to ward off fuller employment and
out of control wage demands (those without a job are doing their part
to boost the economy, really. Ask Janet.). It seems the Fed doesn't
read the Wall Street Journal's commodity price reports. Or Yellen
and company are
sure that the current world-wide depressed commodities prices are not
signaling
a general collapse of demand, precursor to another deep recession.
"The
rate hikes will continue until morale improves."
Memo:
Last month was the warmest November on record, 1.05ºC above the
1951-1980 average, and halfway to the 'magic' 2ºC the politicians
are going to ward off with chants and pronouncements. That makes two
in a row, for October was also 1ºC above the baseline average.
Exhibit
A:
Martin Shkreli, who has just been arrested
for doing what every investment
banker
on Wall Street does, has pissed everyone off again, this time by
raising the price of benznidazole, a treatment for Chagas disease
(which mostly affects Latin Americans) by about 100,000 percent.
Hey, he's just being a good capitalist. If he's overpriced his goods
he won't make a profit. Let the boy be. Or do something about
capitalism's crimes.
Sublimation:
Back in 2012, Colombia's Ecopetrol was valued at $136.7 billion.
Today it is worth (?) perhaps $14.5 billion. That's what'll happen
if the price of oil drops dramatically and you don't find any anyway.
Question: Where did the $100 billion or so go, or did it ever exist
and how much is your retirement fund worth?
Leaning
Indicators:
The Philadelphia Fed's Business Outlook for December notes that
“price data are beginning to turn deeply negative, at minus 9.8 for
inputs and minus 8.7 for final goods — the latter an indication of
weakening demand.” “The data for [sea shipping containers]
remains soft with the rolling averages remaining in contraction...”
It goes on to note that “contracting imports historically is a
recession marker.” And the Baltic
Dry Index has reached another record low.
Scrooge:
Denmark is looking to hire several thousand former Auscwitz guards
to search through refugees' belongings and confiscate any jewelry and
other valuables they may find - iPhones, pictures of Donald Trump and
the like. Women may keep up to 5 pair of underpants and three bras,
as long as they didn't come from Victoria's Secret.
Porn
O'Graph:
We're making history.
2 comments:
Re the continuing saga of the mystery popup. Just FYI: I do run norton and also ran a spybot scan as well. This did not fix it. As if to drive that point home, I got the popup again the first time I checked after scanning. That doesn't mean I am not infected anyway.
The popup is specific to coming from google search to the blog. I have never seen it anywhere else. It doesn't happen every time.
I am only mentioning all this in case you are curious. I certainly accept popups and other annoyances as part of the price of the internet. Although this particular one seems to be getting more aggressive. I still enjoy reading this blog every am with my coffee.
I used my bookmark to navigate here and I got it (the pop-up) for the first time just now...so the plot thickens.
Which is to opine I doubt it's anything that followed us here. I suspect we has us a conservo-whacko troll.
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