You all have heard what happened today. I watched it in real time, although Schwab froze up and I couldn't even see my stuff, much less buy or sell. Not so much fun being a retail investor.
This was Goldman's shot across Obama's bow. The NYSE (and I will suppose NASDAQ) claim that there was no failure of the systems. On the other hand, there was no news at the time of the 500 point dive. This was an inside job.
What happens to capital when there's no more labor to replace?
Essays on topics economics: monopolists, oligopolists, and oligarchs aren't better decision-makers for the society just because they's rich and they ain't the damn gummint.
Gutting the Civil Service will put Trump where Garfield ended up
The Kleptocracy of Trumpistan, 49% Dictatorship, Welcomes You
The world is not linear.
-- Dr. McElhone/1974
Well, I'm going to do it, whether the women like it or not. I'm going to protect them.
-- The Orange Shitgibbon©anon./2024 [y'all get burkhas]
-- Dr. McElhone/1974
Well, I'm going to do it, whether the women like it or not. I'm going to protect them.
-- The Orange Shitgibbon©anon./2024 [y'all get burkhas]
There's a fine line between one person and 10 people with H5N1. By the time we've detected 10, it's probably too late.
-- Rick Bright/2024 [read the report, and this]
-- Rick Bright/2024 [read the report, and this]
Buck {Showalter] has always reminded me of something his father once told him:
"The jobs that are easy don't pay very well."
-- Mike Lupica/2023 [and don't qualify them to run anything; sub-GED knuckledraggers take note]
-- Mike Lupica/2023 [and don't qualify them to run anything; sub-GED knuckledraggers take note]
-- Marriner Eccles/1951
This Week's thought
There are many people living in fear right now. The economy is going to be
horrible in Arizona if they start massively deporting people. -- Irayda Flores/ 2024 [y'all voted for The Utterly Unhinged©; it's your bed, sleep in it]
See you next week in a brand new show©Heckle and Jeckle
About Me
Who I Am
Left wing economist since before it was fashionable
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