great big depression
Recession Makes Americans Kill Pets, Quit Having Kids
Not that you’d notice from the 40 million unemployed “workers” in this country, or the way all the houses in your neighborhood are being abandoned by night, or the miles of empty strip malls on the edge of every doomed American town, but experts in New York and Washington (the only two thriving cities in [...]
Depression Continues, Stocks Back To 1997
Yes, sure, a stock index is not an exact reflection of the economy — the market is usually about six months ahead of what’s actually happening, which is why unemployment can take so long to catch up with a sell-off, which is why the continued plunge of ALL major stock indices (worldwide!) is, um, terrifying?
Plunging Stock Markets Now Officially Terrifying
Did you hear about the stock market? It’s now at a 10-year low, again, hooray! And the news just keeps getting worse, every fucking day. And maybe it just continues to get worse, every fucking day, until … who knows, 2015? And then another terrible recession-within-the-depression recession in, say, 2017? And then we are finally [...]
Depression-Era Blingee Discovered
To illustrate some op-ed about Ferdinand Pecora — the brave New York prosecutor of financial fraudsters who did some congressional hearing at the end of Hoover’s presidency — the New York Times dug up this ancient Blingee. There is no explanation for this bizarre old-timey example of a blinged-out spliff-smokin’ Hero of the Depression, and [...]
America Will Become Quaint Haggling Marketplace
Ever go to a quaint marketplace in Mexico or Morocco or maybe some flea market in a sports arena parking lot on Sunday morning and haggle over the myriad gewgaws? That is what shopping in America will be like, next year! Or maybe right now. With 148,000 retail store closures in 2008 and another 73,000 [...]
A Children’s Treasury of Dumb Quotes About Dismal Holiday Sales
Congratulations, the War on Xmas is over. And guess who lost? Christmas! And the economy. Especially the economy. Looks like all the 70%-off sales in the world can’t squeeze money out of people with no money and no credit. It’s almost as if Santa left a lump of shit coal for U.S. Retailers! How many [...]
Fed Slashes U.S. Interest Rate To Basically Zero
Wasn’t the Fed supposed to cut rates in half today, from 1 percent to 0.5 percent? Well, that wasn’t good enough, for this failed economy and economic system. So now it’s “near zero,” which means “zero.” Just like Japan tried for years and years, to no effect! The Federal Reserve Bank is now out of [...]
A Festivus Miracle: No Fannie/Freddie Foreclosures! (Until January 9)
So, uh, the economy doesn’t seem to be doing much, uh, better. The S&P 500 is back down to 1997 levels. 1997! Everybody’s losing their jobs, if they still have jobs. Some are suggesting it will not even be a Merry Christmas, and that the real (Muslim) Jesus is sort of getting a kick out [...]
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