The Fed’s plan to buy up everything that’s not nailed down in the name of keeping interest rates down isn’t working, as is obvious with the 30-year hovering between 5.25-5.5% right now. A little analysis on their plan’s short-term lack of win (I’ll do a big quote, as it’s WSJ subscriber content): An analysis of [...]
Entries from May 31st, 2009
Zoellick: “The Stimulus Hypnotizes Us, Like A Big Swirly Lollipop”
May 31st, 2009 · No Comments · markets
I’m holding off a bit on the GM bankruptcy coverage – look for that on Monday. This weekend, I’ve just been reading threats to the recovery in the US, like unemployment passing 9% (remember, even though the first half of the consumer-driven-economy equation is consumer confidence, the second half has to be the consumer having [...]
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Unbroke: Financial Advice From Celebrities! How Could This Go Wrong?
May 29th, 2009 · 6 Comments · Uncategorized
Personal finance – which used to be the domain just of Kiplingers and Suze Orman – has gotten many, many shades better as of late, which we at LOLFed wholeheartedly applaud. Tonight, ABCNews is presenting a special called “Un-Broke,” which may be either funny and insightful or a total trainwreck: Schools teach us almost everything, [...]
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Happy Birthday, Jason!
May 29th, 2009 · 2 Comments · win
Today’s Jason’s birthday, so everyone please join the Bandit and me in raising a glass of your favorite cheap scotch and toasting the occasion. He’ll be doing things up right in DC this weekend, so if you go to Smith Point and you see the kind of guy who looks like he puts masks on [...]
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Allow Me To Direct You To Chapter 11
May 29th, 2009 · No Comments · fail
A long time ago, before there was an Internet, people used to wait for the yearly arrival of a large, yellow tome, that would show up on their doorstep, or perhaps in their driveway. This tome, which resembled a Book of Golems in weight, contained listings of businesses, organized by the type of service they [...]
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