Wall Street may have hit a new low today for stupid reasons that the market should go up. Maybe they are just testing the investors to see how dumb they really are. After all, when you are gambling with other people’s money, ya gotta come up with reasons for the donors to keep donating. [...]
Archive for September, 2007
I’m going to attempt to reduce the explanation for the fallout in housing to a short and simple context. I will apply my patented Mikeronomics to achieve brevity.
Everyone in America, who could afford a house and still have money left to eat, bought one. This is normally referred to as “market saturation.” And, beings that [...]
It’s amazing what time can do to clear up the minds and visions of America’s brightest financial figures. I have compiled a few statements that should give you complete and total faith in our leader’s abilities to lead us in the worst direction possible. Remember, these are the SMART ONES.
May 19, 2006
No less an authority [...]
Just as it appeared that the bridge was out a few miles up the track and the Wall Street Zephyr was due to come flying through any minute, Bronco Ben Bernanke riding his noble steed “Hyper Inflation” has once more saved the day. Just moments before the Zephyr plunged to its doom, Bronco Ben propped [...]
“Surely, you jest.” I’m not kidding around, and don’t call me Shirley. This thing is getting as serious as a heart attack. “Will all economy and coach passengers please put you head between your legs and brace for a recession. For those of you in first class, champagne will be served prior the main meal.”
Even [...]
Gentle Readers,
That rumbling sound you hear is the other shoe falling (big shoe, very big shoe) in the housing collapse. There will be several after-shock tremors. Now ol’ Bwana here predicted (and wrote) some two years ago, the exact chain of events as they have unfolded. I credit this brilliance with being a mediocre student [...]
Gentle Readers,
Reports of new studies continue to support the fact that the American worker spends more time at work than any other people on earth. They also say that Americans produce more. Let’s see, we work more and thus produce more. I hope that study didn’t cost us much.
I have come up with a totally [...]
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