Again from the wise mind of Anna Schwartz courtesy of the Wall Street Journal: If they [“toxic” assets that nobody wants] are priced at current market levels, selling them would be a recipe for instant insolvency at many institutions. The fears that are locking up the credit markets would be realized, and a number of […]
Again from the wise mind of Anna Schwartz courtesy of the Wall Street Journal: It takes real guts to let a large, powerful institution go down. But the alternative — the current credit freeze — is worse
A photo of me at the 2006 OSG Christmas Party in a kilt I have my good friend Sean Church to thank for this nugget of internet insanity. It seems that according to someone with the surname of “Stewart” has declared that wearing a kilt is a sin, and proceeds to cite biblical reference to […]
From the UPI, looks like there was some form of stimulus from the government checks this summer: …the online porn industry reported 20-30% growth in membership rates this summer following the initial round of government stimulus checks in mid-May. That’s normally the slowest time of the year for online porn, AIMRCo said. Proprietors of adult […]
From contemplate.us: This is somehow relevant to the continuing crisis; I just haven’t figured out yet how. ..bruce w..
Next year, when my job evaporates due to the credit crunch, this is how I will spend my days. Hey look, I would win that swell bike! Courtesy of Flicker via Iowa Hawk
This could be the anthem for why the bailout is evil: Everything works much better when wrong decisions are punished and good decisions make you rich.
It’s time to embrace being thrifty, and no that does not mean you have to enjoy life any less robustly than you do today, but you may find at the end of the process that your notion of enjoying life may make a drastic change for the better. You can find it a self-renforcing cycle, […]
In my long list of blogs and websites that I visit once a day is contemplate.us, which serves up a random proverb on each visit. As the global finanical markets melt down around us, I wondered what wisdom it had for me on a foggy October morn:
Daily Financial Moment Of Clarity
With the cut in interest rates to 1%, it’s clear
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