Capital (It Fails Us Now)
- Rat Patrol
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Capital (It Fails Us Now)
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.)
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.)
- SteveSatch
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Re: Capital (It Fails Us Now)
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.
- Rat Patrol
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Re: Capital (It Fails Us Now)
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.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.
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.
- Rat Patrol
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Re: Capital (It Fails Us Now)
http://washingtonexaminer.com/recovery- ... le/2532778
♫ But we've got high hopes, we've got high hopes
♫ We've got high apple pie, in the sky hopes. . .
♫ But we've got high hopes, we've got high hopes
♫ We've got high apple pie, in the sky hopes. . .
- Rat Patrol
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Re: Capital (It Fails Us Now)
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.
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.
- Dr. Medulla
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Re: Capital (It Fails Us Now)
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 …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.
"Grab some wood, bub.'" - Richard Nixon, Checkers Speech, abandoned early draft
- Dr. Medulla
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Re: Capital (It Fails Us Now)
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.
http://www.huffingtonpost.com/2014/01/2 ... 65676.html
Phew, thank goodness I'm not obscenely wealthy.
"Grab some wood, bub.'" - Richard Nixon, Checkers Speech, abandoned early draft
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Chuck Mangione
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Re: Capital (It Fails Us Now)
Starting to think rich people are just assfaced idiots with loads of money handed to them.
- Flex
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Re: Capital (It Fails Us Now)
Good man.Chuck Mangione wrote:Starting to think rich people are just assfaced idiots with loads of money handed to them.
Wiggle, wiggle, wiggle like a bowl of soup
Wiggle, wiggle, wiggle like a rolling hoop
Wiggle, wiggle, wiggle like a ton of lead
Wiggle - you can raise the dead
Pex Lives!
Wiggle, wiggle, wiggle like a rolling hoop
Wiggle, wiggle, wiggle like a ton of lead
Wiggle - you can raise the dead
Pex Lives!
- Wolter
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Re: Capital (It Fails Us Now)
I want to laugh, but this is so fucking ridiculous that I am spitting angry.
”INDER LOCK THE THE KISS THREAD IVE REALISED IM A PRZE IDOOT” - Thomas Jefferson
"But the gorilla thinks otherwise!"
"But the gorilla thinks otherwise!"
- tepista
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Re: Capital (It Fails Us Now)
Starting?Chuck Mangione wrote:Starting to think rich people are just assfaced idiots with loads of money handed to them.
We reach the parts other combos cannot reach
We beach the beachheads other armies cannot beach
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We beach the beachheads other armies cannot beach
We speak the tongues other mouths cannot speak
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Chuck Mangione
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Re: Capital (It Fails Us Now)
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.tepista wrote:Starting?Chuck Mangione wrote:Starting to think rich people are just assfaced idiots with loads of money handed to them.
- Rat Patrol
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Re: Capital (It Fails Us Now)
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 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.
- Dr. Medulla
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Re: Capital (It Fails Us Now)
I prefer my plutocrats nakedly evil, rather than the guys who pretend like they'd be okay to hang out with.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.
"Grab some wood, bub.'" - Richard Nixon, Checkers Speech, abandoned early draft
- Wolter
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Re: Capital (It Fails Us Now)
I love that this is being treated like a new idea, when rich assholes have been suggesting this from the dawn of representative government.Dr. Medulla wrote:I prefer my plutocrats nakedly evil, rather than the guys who pretend like they'd be okay to hang out with.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.
”INDER LOCK THE THE KISS THREAD IVE REALISED IM A PRZE IDOOT” - Thomas Jefferson
"But the gorilla thinks otherwise!"
"But the gorilla thinks otherwise!"