Two cute bears explain QE, the Fed, and the Goldman Sachs.
World’s Fanciest Garage Sale
October 20th, 2010 · 3 Comments · madoff
If you’ve ever said we’ve been a little harsh on Bernie Madoff over the years, that we shouldn’t be so quick to judge him until we’ve walked a mile in his shoes, I have good news: now we can walk that mile. Or Alyx can, she’s into running and such. Yes, circle November 13 on [...]
Tags:
Ben To Get Actual Job, Fail There Too
September 30th, 2010 · 3 Comments · fail
Renaissance man Nassim Taleb, renowned trader, professor, author, bullfighter, and wide receiver, has just strolled out a fantastically bold prediction: the Federal Reserve will be gone within 25 years. OH, SNAP! Because of the significant rise in debt, within 25 years “anything fragile will break,” Taleb said. That includes the Fed, he argued, because the [...]
Tags:
Hey Hey Hey, Goodbye
September 21st, 2010 · 11 Comments · breaking news, win
And a great cheer went up all ’round the nation as economic adviser and alleged human Larry Summers announces his plans to step down. Speaking about his decision, Summers cited his great success in nearly ruining capitalism for a second time, and plans to return to Harvard at the end of the year. This is [...]
Tags:
Tire Fires Burn Faster Than This
August 26th, 2010 · 1 Comment · fail
Blockbuster is finally filing for bankruptcy, sometime next month. Friggin’ finally. Their failboat has been trying to dock for well over a year now. We’ve posted about this stupid company’s looming bk so many times now that if we had a nickel for each one, we could have bailed them out by now. C’mon, Blockbuster. [...]
Tags:
