Comic Relief: "Where Credit is Due"
In a bit of synchornicity, we had two posts on credit cards yesterday. Lo and behold, Versus released a new song parody on the joys of plastic:
Read more...Category Archives: Curiousities
Germans to Install Gold Vending Machines
You cannot make this stuff up. Even as of last summer, there were reports that gold at retail was priced at a hefty premium, often 20% or more, to professional prices. Greater convenience comes with a greater markup. The German gold vending machine reportedly update prices every few minutes and add a 30% upcharge. The […]
Read more...Low interest rates lead to overbuilding leads to demolition
Submitted by Edward Harrison of the site Credit Writedowns. The chain of events whereby easy money leads to malinvestment that impoverishes a society is now fully manifest in the United States. You remember Victorville, CA where new homes were being demolished because it cost more to maintain them than to demolish them? (see post here) […]
Read more...Guest post: Marc Faber says “I am 100% sure that the U.S. will go into hyperinflation”
Submitted by Edward Harrison of the site Credit Writedowns. You have to hand it to Marc Faber; he knows how to grab your attention. Earlier this year, I posted a video of him saying “don’t underestimate the power of printing money“, a quote that has become mantra for me. Basically, he believes a rising tide […]
Read more...Walt Handelsman: "Worst Slide Story"
This is too funny to leave to Links. Thanks to reader Doug: You actually need to click here to play the clip. Enjoy!
Read more...Saturday Night Live Grades the Stress Tests
Enjoy!
Read more...Guest post: Economic recovery and the perverse math of GDP reporting
Submitted by Edward Harrison of the site Credit Writedowns Now that everyone is talking about green shoots and the potential for economic recovery, I thought I would run through the statistics of U.S. GDP with you. The reason I am bringing this up is that there is a lot of confusion about what recovery means […]
Read more..."Zombie Bank"
Some comic relief. Enjoy! Hat tip reader John C:
Read more...Guest Post: Who’s Got Talent?
Submitted by Leo Kolivakis, publisher of Pension Pulse. It’s Orthodox Easter so that means family, food and more food. I wanted to post something really funny that you might not have seen. By now, everyone in the world saw Susan Boyle’s amazing singing performance on Britain’s Got Talent show. If you have not seen it, […]
Read more...Must See: "Samsung Extreme Sheep LED Art"
This was too cool to leave as a mere Antidote du Jour. Is this what geeks do for fun in New Zealand Wales? If the video plays in a herky-jerky fashion, try viewing it here. Enjoy!
Read more...Freudian Slip at the Financial Times?
Get a load of this (the subheadline):
Read more...Coming to a Theater Near You: "Scumbag Billionaire"
For a change of pace, some black humor, courtesy reader Jon:
Read more...More Real Estate Porn
Note to regular readers: a variant of this post ran in early January. I recognize for most readers this is a distraction, for a minority, a curiousity, and for a very few, of possible interest for them or someone they know. So I ask you to indulge me here. I thought I would introduce a […]
Read more...Quote of the Week
Wish I’d written it. From Jesse: We believe that the stimulus is too backend loaded and unimaginative to affect anything sooner. Adding liquidity to the banks is as useful as filling the tank of a car wrapped around a telephone pole. Who are the banks going to lend to? And increased spending on health care, […]
Read more..."An Open Letter to the Western Banking Establishment"
Reader Tim C pointed us to a post on Tim Price’s blog, “The Price of Everything,” which provides astute financial and sometimes social commentary. Below is an excerpt: Dear Western banking establishment, I notice that your unauthorised credit facility from international lenders of last resort now totals approximately $10 trillion. As a taxpayer and therefore […]
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