If you want to know where the stimulus money winds up, don’t look in my wife’s purse, because I have been there several fruitless times in the last few weeks, and she almost caught me twice. And don’t look in my wallet, as my kids have been there several fruitless times in the last few weeks, too, until I started strapping my wallet to myself with duct tape, which stopped that “Let’s look in daddy’s wallet!” crap in its tracks.
[Read more...]Market Manipulation and Delusions of Prosperity
April 22, 2010 By Leave a Comment
It was too late that I remembered that having margaritas for lunch was a bad idea, and I was now sleepy and argumentative, my eyelids drooping, when my eyes suddenly few open when I read the Bloomberg headline, “Leading Economic Indicators Index in US Rose 1.4% in March”. Wow!
Bloomberg said, “The 1.4 percent increase in the New York-based Conference Board’s measure of the outlook for three to six months was more than anticipated” which would seem to be an understatement of the first order! Wow!
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There’s Always More Money to Print
In my darker moments, usually just before I go freaking berserk and start yelling and screaming about how “We’re freaking doomed!” from the idiotic Obama administration deficit-spending So Freaking Much (SFM) money and the idiocy of the Federal Reserve creating So Freaking Much (SFM) money, all of which is guaranteed – guaranteed! – to make consumer prices rise in a terrifying, catastrophic, ruinous inflationary spiral that will destroy us all, I sometimes get myself in the mood for a nice, long, loud Mogambo Banshee Wail Of Outrage (MBWOO) by merely mulling over the term “dynamic stochastic general equilibrium.”
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