God bless the Associated Press for not letting this gem slip through their fingers: By MEGHAN BARR, Associated Press Writer Meghan Barr, Associated Press Writer – Wed Oct 14, 9:09 pm ET COLUMBUS, Ohio – A woman being driven around in a rented limousine pulled up at a coat store and announced she’d won the lottery and would pay…
Economy
Main Street USA: We're All 49ers Now
Does your town look like this? Can’t say I blame them, the pawn business may be the only economic activity left for a local small business owner. We’re all 49ers now.
YOU ARE NOT READY
[youtube=http://www.youtube.com/watch?v=eZxBYItj2sM&feature=player_embedded] If today’s jobs report has you in the apocalyptic mood, allow me to put a visual to your state of mind. The footage above is from the upcoming film 2012. The effects in this preview may be the best I’ve ever seen as far as disaster flicks go. I predict that this will be…
Required Viewing for Newly-Bonused Goldman Employees
[vodpod id=Groupvideo.3484400&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] So Goldman Sachs is sitting on a $16 billion bonus pool, which CEO Lloyd Blankfein is hesitant to dole out to employees amidst the possibility of populist furor in this wonderful economy of ours. My advice to Lloyd is to make the above clip from Goodfellas required viewing for the troops upon receipt of…
Now Leaving California…
A word to the wise…this is what happens when public sector spending crushes an economy. DC, are you paying attention? Sources: Cagle.com
The Incredible Shrinking Finance Sector
This is very cool. The New York Times put up a moving infographic that shows the progression of the 29 largest financial firms and how they first shrank since 2007 and then began to grow again. The graph above shows them from the starting point at the market’s peak in October 2007. The one below…
Hot Links: Bizarro FDIC
Stuff I’m Reading this Morning… Dollar down, stocks and commodities _____? Yeah, yeah, you know the rest. (Bloomberg) Story of the Day: Bizarro FDIC to borrow money from…The Banks! (NYT) This was fascinating: World economies and where we are on the productivity curve. (Clusterstock) Maryland is the most moneymaking state in the US. (CNNMoney) John…
Can The Stock Market Save The Economy?
A friend of mine, someone completely outside of the Wall Street world, asked me this question a few days ago and in addition to being at an utter loss for the answer, I thought it was one of the more interesting questions one could ask right now. My friend, we’ll call him Dirk (if only…
Secret of the Recession Ghost Fleet: 500 Empty Cargo Ships in Hiding
This is an amazing story. There is a Ghost Fleet of empty cargo and container ships anchored off the coast of southern Malaysia. Barely any crew, nothing to carry, nowhere to go. “The world’s ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling…
Lapping the Crisis Quarter Makes For Pretty Headlines
As I’ve just thoroughly enjoyed the opening weekend games of the NFL, I thought I’d start with a football analogy to make my case. Here is a bizarre but true factoid that exemplifies the drawing of flawed conclusions based purely on logic: If the Detroit Lions win a single game in the 2009 season, their…
