Capital (It Fails Us Now)

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Capital (It Fails Us Now)

Post by Rat Patrol » 05 Aug 2011, 9:40pm

http://money.cnn.com/2011/08/05/news/ec ... &hpt=hp_t1

Speaking as an employee alumnus of the publishing arm of Standard & Poor's parent company, the very notion that that airless vacuum of analytical brainpower is granted unchecked authority to blink the economy of the first world out of existence with one press release full of basic arithmetic errors is patently hysterical. Those guys couldn't fart right and not leave streak marks on their Hanes boxer-briefs.

(Good health plan, though.)
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Re: Capital (It Fails Us Now)

Post by SteveSatch » 05 Aug 2011, 11:52pm

The whole economy is manipulated, but 14 trillion in debt and not creating new jobs to get the economy growing is a pretty bad way to run a country. People talk about trying to have a balanced budget, but I don't think that's near enough. The .gov has to spend less than it brings in for a couple decades to get the debt paid off. That will never happen though since neither side wants to stop the entitlement programs. Going back decades the same thing has happened. The rich get richer, the poor get poorer, and the middle class shrinks. The .gov grows, the debt grows, the .gov makes everything it tries to make better worse. Regardless of which side is in power the same thing happens. What kind of credit rating do people expect with a 14 trillion dollar debt, high unemployment/underemployment and a .gov that makes starting or operating a small business far to difficult.
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Re: Capital (It Fails Us Now)

Post by Rat Patrol » 06 Aug 2011, 1:01am

SteveSatch wrote:The whole economy is manipulated, but 14 trillion in debt and not creating new jobs to get the economy growing is a pretty bad way to run a country. People talk about trying to have a balanced budget, but I don't think that's near enough. The .gov has to spend less than it brings in for a couple decades to get the debt paid off. That will never happen though since neither side wants to stop the entitlement programs. Going back decades the same thing has happened. The rich get richer, the poor get poorer, and the middle class shrinks. The .gov grows, the debt grows, the .gov makes everything it tries to make better worse. Regardless of which side is in power the same thing happens. What kind of credit rating do people expect with a 14 trillion dollar debt, high unemployment/underemployment and a .gov that makes starting or operating a small business far to difficult.
Well, they probably expect some logic to the downgrades. U.S. treasury bonds are still far and away the safest investment in the world, yet S&P sticks its neck out as the only ratings agency to downgrade us while affirming France a AAA/stable? Really...France > U.S. on bonds? You're going with that? Somebody is gonna plunk down their own money on that recommendation, and trust S&P's sage advice over every indicator screaming itself blue saying that is a really bad idea? There are hyenas laughing in every financial district in the world right now.

I used to work for S&P's parent McG-H in one of their insignificant zit ed. publishing arms. It is not surprising at all that they were the only one of the big 3 ratings racketeers to leap off the cliff on this, or that they did it in pathetically sports-blooper fashion with that multi-trillion dollar forget to carry the 1 error. It was a running meme corporate-wide that those analysts can't predict donuts to projected growth of their own left ass cheek. Management culture is "stupid is as stupid hires from the same Big Ten State U fraternity." They're different, and therefore "better" than Moodys because...see...hiring only C students who can't use Excel without Clippy turned on is a feature, not a bug. Moodys is a cesspit just like all of 'em, but they don't see this as a corporate cultural badge of honor like S&P does. S&P is truly, truly special in that regard. And if that doesn't scare the living shit out of every country in the developed world, it... Oh wait, S&P's ineptitude DOES scare the shit out of every country in the developed world. Because they're just that much stupider than the other two ratings giants. And are...right...about...now...going to shit their pants in realization that nobody else joined them in their daring game of follow the leader. All I can say is thank my own sanity the publishing folks may as well have been in a parallel universe culturally in that company as far as what "features" got valued.


Just my nugget of local color to contribute to this.
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Re: Capital (It Fails Us Now)

Post by Rat Patrol » 08 Jul 2013, 9:01pm

http://washingtonexaminer.com/recovery- ... le/2532778

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Re: Capital (It Fails Us Now)

Post by Rat Patrol » 16 Jul 2013, 11:18pm

http://www.lawyersgunsmoneyblog.com/201 ... -its-wages

Pfft! Who needs heat in the cold north when the exothermic output of digesting the night's last heat-lamp toasted Quarter Pounder sustains me like a warm fireplace.
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Re: Capital (It Fails Us Now)

Post by Dr. Medulla » 17 Jul 2013, 6:23am

Rat Patrol wrote:http://www.lawyersgunsmoneyblog.com/201 ... -its-wages

Pfft! Who needs heat in the cold north when the exothermic output of digesting the night's last heat-lamp toasted Quarter Pounder sustains me like a warm fireplace.
So food and clothing aren't expenses but part of the monthly discretionary spending? And if you work at McD's you need a second job? Maybe it's better for them if places like McD's don't highlight how inadequate their wages are …
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Re: Capital (It Fails Us Now)

Post by Dr. Medulla » 25 Jan 2014, 4:18pm

And the latest group to declare themselves pre-Holocaust Jews? Rich people!
http://www.huffingtonpost.com/2014/01/2 ... 65676.html

Phew, thank goodness I'm not obscenely wealthy.
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Re: Capital (It Fails Us Now)

Post by Chuck Mangione » 25 Jan 2014, 5:16pm

Starting to think rich people are just assfaced idiots with loads of money handed to them.

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Re: Capital (It Fails Us Now)

Post by Flex » 25 Jan 2014, 5:51pm

Chuck Mangione wrote:Starting to think rich people are just assfaced idiots with loads of money handed to them.
Good man.
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Re: Capital (It Fails Us Now)

Post by Wolter » 25 Jan 2014, 6:25pm

I want to laugh, but this is so fucking ridiculous that I am spitting angry.
"There's something more honest, he believed, about traditional methods of mass starvation, labour camps, and machine gunning millions to death. Stalin was a vinyl guy who sneered at Truman converting everything to compact disc." - Thomas Jefferson

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Re: Capital (It Fails Us Now)

Post by tepista » 27 Jan 2014, 12:57pm

Chuck Mangione wrote:Starting to think rich people are just assfaced idiots with loads of money handed to them.
Starting?
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Re: Capital (It Fails Us Now)

Post by Chuck Mangione » 27 Jan 2014, 2:34pm

tepista wrote:
Chuck Mangione wrote:Starting to think rich people are just assfaced idiots with loads of money handed to them.
Starting?
Well it's always been that way clearly but I'm just now really noticing it. Never really paid much attention to their faces until now. Sheldon Adelson, Donald Trump, Warren Buffett... all assish faces. It's eerie.

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Re: Capital (It Fails Us Now)

Post by Rat Patrol » 14 Feb 2014, 1:42pm

http://money.cnn.com/2014/02/14/investi ... ?hpt=hp_t1

I genuinely wonder if this guy is the bellweather for a new type of serial killer profile...like the "Clown Cannibal CEO" or something. I'm not even moved by the horrible things that keep spilling out of his mouth, just fascinated by the pathology behind it.
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Re: Capital (It Fails Us Now)

Post by Dr. Medulla » 14 Feb 2014, 1:58pm

Rat Patrol wrote:http://money.cnn.com/2014/02/14/investi ... ?hpt=hp_t1

I genuinely wonder if this guy is the bellweather for a new type of serial killer profile...like the "Clown Cannibal CEO" or something. I'm not even moved by the horrible things that keep spilling out of his mouth, just fascinated by the pathology behind it.
I prefer my plutocrats nakedly evil, rather than the guys who pretend like they'd be okay to hang out with.
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Re: Capital (It Fails Us Now)

Post by Wolter » 14 Feb 2014, 2:02pm

Dr. Medulla wrote:
Rat Patrol wrote:http://money.cnn.com/2014/02/14/investi ... ?hpt=hp_t1

I genuinely wonder if this guy is the bellweather for a new type of serial killer profile...like the "Clown Cannibal CEO" or something. I'm not even moved by the horrible things that keep spilling out of his mouth, just fascinated by the pathology behind it.
I prefer my plutocrats nakedly evil, rather than the guys who pretend like they'd be okay to hang out with.
I love that this is being treated like a new idea, when rich assholes have been suggesting this from the dawn of representative government.
"There's something more honest, he believed, about traditional methods of mass starvation, labour camps, and machine gunning millions to death. Stalin was a vinyl guy who sneered at Truman converting everything to compact disc." - Thomas Jefferson

"But the gorilla thinks otherwise!"

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