Finally Big Brother has recieved a share of the government largess as part of the A.I.G. bailout. If you saw the list that the world’s largest insurer recently released that detailed the counterparties on the swap contracts that were responsible for its collapse, you may have spotted $43 million dollars going to Dedd Hooker Casualty [...]
Fiat today announced its purchase of a 35% stake in Chrysler Corporation, doing what you would not. Big Brother has been telling you for months that you, the American consumer, need to save the American auto industry by buying their cars and writing off the accelerated depreciation. Today an Italian (that’s right ITALIAN) company did [...]
Well you did it. Big Brother told you over a month ago to go out and buy a big screen TV. Circuit City was in trouble and the US economy depended on you, the American consumer, to pull it out of the ditch, but you were all too worried about your own jobs, or where [...]
Big Brother finally relented and let The New York Times publish some of his work. Look way down in the comments section - it is a lovely little poem credited to Abe Stalin, excerpted below:
Topolino was a little mouse,
with a great big wish
for a great big house.
But bloated valuations and sub-prime fears,
left him a renter [...]
Second largest U.S. electronics retailer Circuit City might not make it through the holidays; main competitor Best Buy will survive but is not sanguine about its profit numbers this year. Unless if you were heavily invested in retailer stocks (the New York Stock exchange halted trading in CC shares when they fell to 10 cents [...]
What You Need to Know Today, October 24, 2008:
Today is the 79th anniversary of the Crash of 1929. Big Brother had manservant Marley go through some old composition books from 8th grade and thinks this early show of brilliance can provide a depression era perspective on a modern predicament.
The Great Crash caused multiple new regulations to [...]
You should put your excess capital to good use. If you do not have excess capital then get some. Sell your car. Liquidate your Beanie Babies, they will never be worth more than what they are now. Cancel your vacation. You need the market to go back up and the only way for that to [...]
Good Morning Undecided Voters,
What you need to know today:
If Big Brother were the type to make unwise prognostications, it would be time to prepare to call the market bottom. For the last year you have watched as pundits hedged that the worst may be over and the upturn is coming. In the last two weeks [...]
Good morning EBKAC’s,
What You Need to Know Today:
The Dow Jones Industrial Average dropped below 10,000 for the first time in five years when someone figured out that the rescue package approved by Congress on Friday would not have had a chance to work by Monday. This certain someone may have been in Europe or Asia, [...]
Posts
