The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Inigo Montoya, Economist At Large

by Smitty (KisP) Hope’n’Change cartoons has produced a keeper:

Second Half of a ‘W’-Shaped Recession?

The obverse of “irrational exuberance” is unwarranted pessimism, and market bears run the risk of discrediting themselves by continually warning of a meltdown. Excuse me if you’ve already seen this video of the online stock-market seminar guy who got ridiculously excited about that temporary 1,000-point Dow drop last week: OK, so that guy was pathetic. However, […]

An Incendiary Speech, Purportedly By A UCLA Prof

by Smitty (via SaveThisCountry) Sure, it’s tough rhetoric. However, there is little context. The speaker is purportedly a UCLA professor. No name or date associated. My suggestion is to watch, think, and under-react. History and Economics will likely bulldoze the South American Socialist countries the professor touts. It’s fair to guess that, when Chavez is […]

I Just Don’t Buy The ‘Fat Finger’ Excuse

by Smitty Terry Jones on Front Page repeats the assertion that somebody hit ‘B’ when they meant ‘M’ and load-shed an awful lot of Proctor and Gamble, sending the Dow into Stuka mode. Jones then throws out the idea that there will be a ‘do over’ for these ‘accidental’ trades. Something I’ve figured out in […]

Austerity Measures Cause Unrest

No, I’m not talking about the riots in Greece. I’m talking about what economic analysts call an unexpected near-term budgetary shortfall at the Other McCain household. The “unrest” is Mrs. Other McCain’s concern about unpaid bills.  The IMF isn’t going to bail me out and, unlike the Greek parliament, I don’t have a riot squad to protect […]

‘That Is Not a Real Price!’

When a fumble-fingered trader triggered panic on the NYSE with an insanely large sell order (“billion” instead of “million”) for Proctor & Gamble, CNBC’s Jim Cramer said, “Buy!” (Via Memeorandum.)

Is Greece ‘Too Big to Fail’?

The next bailout candidate: Problems with Greek debt are about to spread to other countries and could infect the US unless the nation tackles its own mounting problems, Pimco’s Mohamed El-Erian told CNBC. . . . “We’ve seen a crisis start in a country—Greece—become regional, impact the whole of the Euro zone and is on […]

Lloyd Blankfein Wallows In Clintonism

by Smitty (h/t RedState, assist Pundette) I might have, but they would be at a general and very high level, not specific. Frankly along the lines–the same way I’m talking to you. It’s like this, Lloyd. You can say what you want. Your definition of ‘is’ might differ substantially from the simple, common sense one […]

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