Economic Reality

The Fed says we are not in inflation. I say, "Ben Bernanke, come to the grocery store with me." --Gerri Willis

OWS Update

Chicago: Oers angry with Mayor Emanuel and city police for arresting demonstrators.¹
"I mean, all we were doing was breaking the law, ya know?"

Seattle: Protester carrying sign

"College loan repayment--
Indentured servitude."²

"I mean, you owe it to me, ya know?"

Uh, yeah. We know.
¹WGN-TV Chicago, 10/24/11
²Any left-of-center press recently, e.g., Huffington Post.

No Kidding

"We have wonderful, healthy foods if people want to buy them. But they don't sell particularly well." --Andy Puzder, CEO of CKE Restaurants (Hardees, Carl's Jr.)

Land of the Free

Rally Nashville, Tennessee October 8, 2 to 4 p.m.

Be Happy

Being rich is life's greatest booby prize. --Jim Koch

(One wonders, though, if it might be easier for the rich to say such things.)

T-Mobile, AT&T, and DoJ

The U.S. Department of Justice sued to block AT&T’s proposed $39 billion acquisition of T-Mobile USA, saying the deal would "substantially lessen competition" in the wireless market. The complaint was filed today in federal court in Washington.


The which I sort of alluded to in a post on String Too Short to Tie several weeks ago.

Teen Learns Economics from Washington

Herk and Tildy's son, Teen, getting his financial house in order:

Hmmm. Last week I spent $5. I owe Dad 14, but he'll lend me more.
Next week I'll spend the same, except I'm adding 2 for jelly beans and 2
for a new app. Total $9.

Dad says okay; I'll loan you 2 more. But you'll have to cut your spending.

Okay, I say, No problem. I can live without the jelly beans. I'll cut 2.
(I'll spend 7, and look! I cut $2. (9 - 2 = 7).

What? You're saying I spent less last week; how is that a cut?
Shut up, already.

Economic Recovery

"The U.S. economy slowed in the first six months of 2011 to its weakest pace since the recession ended." --WaPo. two minutes ago.

Note how the lapdog press keeps promoting the official admin line.. recession "ended."

I bet there are a few million Americans who would dispute that.

Sadly, True

535 congress creatures haven't enough collective wisdom to pound sand in a rat hole.

But you can bet their paychecks will be the last to be withheld if we go into free fall.

Gold Line. Life Line?

I thought about jumping on the "gold bandwagon," but how are you going to "chip off" a chunk to pay for a gallon of milk? Or who is going to make change for your $1600 coin?

Yet, the "smart money" is going there.