Here comes the other economic shoe dropping...

[Coito ergo sum]

Second round of "quantitative easing" underway: http://www.cnbc.com/id/41019109 (if this article doesn't make you bust out laughing - do some research on how T-bills work, and what quantitative easing is - then compare that to the way Graham Bowley of the NYTimes paints a picture of a staid "button down" new wave of young "central bankers" tirelessly toiling at a necessary job carefully calculated to serve the interests of the people....nice investigative journalism, Graham - you on a Goldman Sachs payroll or something?)

a/k/a - the Hail Mary pass...

Gotta love this ditty thrown in there, and characterized as a "good thing." "Neither the Fed nor Wall Street wants any surprises." - Oh, really? What a fucking shock! A bunch of banks and a bunch of Wall Street investment bankers and fund managers, acting with almost no oversight, want to take $600,000,000,000 of taxpayer money and hand it back and forth to each other, and THEY don't want any surprises? Whew! What a relief....

[Coito ergo sum]

CBO: this year's budget deficit to hit $1.5T
(AP) – 54 minutes ago
Washington (AP) — A new estimate predicts the federal budget deficit will hit almost $1.5 trillion this year, a stunning new record.
The latest figures from the Congressional Budget Office are up from previous estimates because Congress and President Barack Obama teamed up in December on bipartisan legislation to extend Bush-era tax cuts that were due to expire. The new estimates will only add fuel to a raging debate over cutting spending and looming legislation that's required to allow the government to borrow more money.
The nonpartisan budget agency predicts the deficit will drop to $1.1 trillion next year.
Legislation passed in December to extend tax cuts, unemployment benefits for the long-term jobless and provide a 2 percent payroll tax cut this year adds almost $400 billion to this year's deficit.

http://www.google.com/hostednews/ap/art ... c1e8b34107

This will not end well.

[Coito ergo sum]

The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.

http://www.washingtontimes.com/news/201 ... icit-ever/

Holy crap....it just keeps getting worse....

[Atheist-Lite]

The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.

http://www.washingtontimes.com/news/201 ... icit-ever/

Holy crap....it just keeps getting worse....

Just add a extra 13th month like that and we could land men on mars inside a year and bring 'em back in one piece.

[Ian]

The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.

http://www.washingtontimes.com/news/201 ... icit-ever/

Holy crap....it just keeps getting worse....

Dude, it's an article from the Washington Times. Whatever the statistics, read with caution.

Y'know what the Fed predicted a few weeks ago? That the GDP will rise as much as 3.9% this year. More than a full percent over what the White House itself predicted three months earlier. With good growth over the next few years, the levels of spending won't matter so much, and the deficit will go down.

[Gawd]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

[Atheist-Lite]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

Oil is still bought in dollars.

[Ian]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

It's misleading, to put it mildly. The value of the dollar is not the end-all understanding of economic growth. Do you see me jumping around over how great the stock market has been doing the last year or so? That's not a one-stop economic indicator either.

[Atheist-Lite]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

It's misleading, to put it mildly. The value of the dollar is not the end-all understanding of economic growth. Do you see me jumping around over how great the stock market has been doing the last year or so? That's not a one-stop economic indicator either.

Technically the 2008 event disconnected the instrument panels indicators from the economy's sensors so today the people in the know are flying blind in dense fog until they hit the mountain of peak oil....

[Gawd]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

It's misleading, to put it mildly. The value of the dollar is not the end-all understanding of economic growth. Do you see me jumping around over how great the stock market has been doing the last year or so? That's not a one-stop economic indicator either.

You just keep telling yourself that until the US dollar hits parity with the peso. The decline of the US dollar is not just a short term thing, it has been going on for a long time and shows that American money is becoming increasingly worthless.

[Ian]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

It's misleading, to put it mildly. The value of the dollar is not the end-all understanding of economic growth. Do you see me jumping around over how great the stock market has been doing the last year or so? That's not a one-stop economic indicator either.

You just keep telling yourself that until the US dollar hits parity with the peso. The decline of the US dollar is not just a short term thing, it has been going on for a long time and shows that American money is becoming increasingly worthless.

Somehow, I don't find myself panicking:

Trigger Warning!!!1! :

[Atheist-Lite]

You just keep telling that to yourself, Ian. Have you even see how far the US dollar has dropped compared to other currencies over the past 2 years? How about over the past 10?

It's misleading, to put it mildly. The value of the dollar is not the end-all understanding of economic growth. Do you see me jumping around over how great the stock market has been doing the last year or so? That's not a one-stop economic indicator either.

You just keep telling yourself that until the US dollar hits parity with the peso. The decline of the US dollar is not just a short term thing, it has been going on for a long time and shows that American money is becoming increasingly worthless.

Somehow, I don't find myself panicking:

Trigger Warning!!!1! :

Nice Graph. I think there is room for a discontinuity if things lead to a shortage of the forcing dynamic i.e. oil.

[Coito ergo sum]

World Bank president: 'One shock away from crisis http://www.bbc.co.uk/news/business-13108166

You mean, this isn't a crisis?

[Warren Dew]

U.S. credit rating outlook negative:

http://online.wsj.com/article/SB1000142 ... _US_News_3

[.Morticia.]

You really should wank more.

LOL -- and, I haven't even gotten to Europe and China yet. The world is teetering....

We'll all be out of money and options soon, so wanking will be the only thing we'll have left to do.

you silly

us marxists have always been pro sex, alone and together

cos it's about the only thing the masses can do for free

( and it's fun and feels good )