This is a sick, sad group of data points and is exactly what you can expect in a country that makes virtually nothing and became overly reliant on the housing and real estate industry for jobs and income.
The Rally Apologista's Handbook
I hear and read the same scary statistics every day just like everyone else. But the quote screen doesn’t lie. So I apologize for staying in the game and these are my excuses.
Free Can of Beans With the Purchase of a House
Only in America, circa 2009. This ad from Clayton Homes is actually running on the Columbia Daily Herald‘s website right now:
Black Friday 2009
Cartoon by: Dave Granlund (Cagle.com)
New Glossary of Finance Terms Volume II
Back in March, I updated the definitions of several finance terms to better suit the times. Due to popular demand, I’m bringing this feature back this afternoon and covering a handful of definitions for y’all. Here’s the New Glossary of Finance Terms Volume II… Stagflation: This occurs when the number of male deer grows too…
Bad Economy = Tight and Tapered Jeans
This is just a random fashion observation I’ve made recently concerning the tightness of jeans in relation to the overall condition of the economy. Maybe Alyx from LOLFed will point out where I’m wrong (she knows this stuff), but here’s what I’ve seen: Lates 70’s to Early 80’s The first era of tight and tapered…
Recession Signpost: 7-Eleven Introduces Their Own Wine
Yes, you read the headline correctly, convenience store chain 7-Eleven is rolling out their own wines, appropriately priced at $2.99 a bottle. I wonder if it would be considered uncouth to drink 7-Eleven brand wine with an extra-long Slurpee straw. I also would like to know if it can be quaffed from a 64 ounce…
Q3 GDP and Jobless Claims First Look
Two big numbers out this morning, we’ll put up the initial take on both: GDP (from Bloomberg) The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building. The world’s largest economy expanded at a 3.5 percent pace from…
Recession Tales from the Heartland: The Coat Riot
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…
Main Street: Can We Have a Recovery Too?
Here’s a pair of headlines that I thought were fantastic in a juxtapositional way: Goldman Faces PR Dilemna Over Huge Bonuses (CNBC) Debt, Unemployment Weigh on Recovery (WSJ) Both articles out on the same day. Today. Only in America. Cartoon Source: TIME