Job Opportunity: The US has an immediate opening for someone to convincingly explain how an economic recovery can lead to 3% GDP growth if the consumer is unemployed.
Speed Trap: Global warming is exceeding the most extreme predictions of the last IPCC report, as global carbon emissions have accelerated from a 1.1% annual increase to over 3.5% per year. Events the IPCC saw as unlikely to ever occur are already happening.
Statistical Sophists: The American Enterprise Institute thinks you're dumb. How else to explain the claim that the early 1980s were economically worse than today based on four iterations of the interest rate and the unemployment figure. Things not going on in the early 1980's: millions of foreclosures, incredible levels of public and private debt, frozen credit markets, a commercial real estate collapse, Wall Street on federal life support, literally trillions in stimulus money... But never fear, the AEI says a “barnburning economic recovery” is just around the corner, waiting for lower taxes on the rich.
Resurrection: Margret Thatcher has been apparently been elected Chancellor of Germany, as Merkel plunges ahead with a regime of tax cuts for business and reduced protection for labor.
Prom Date: The Fed, suspecting the Primary Dealers do not have enough capacity to provide the needed funds, is considering having the money market mutual funds to play the role of piggy bank.
Training Wheels: The government is going to wean the US economy from the stimulus and housing/mortgage life support systems in a few months, even as 14% of US bank loans are going sour – the highest rate since the last depression.
Foresight: Several airlines have had the sudden premonition that aviation fuel prices will surge on November 29th and again on January 2nd and 3rd, requiring that flights on those days carry an extra $10 fuel surcharge. Merry Christmas.
Good Old Days: Remember when Scientific American wasn't a shill for the energy lobby?
Foreplay: We keep hearing that the economy is “about to recover” and more recently “the recovery has already started”. It doesn't matter that 1 out of 6 Americans is unemployed or underemployed, that some 7 million foreclosures hover in the background, and that consumer credit is evaporating at the fastest rate in history - the recovery is about to recover. Soon. Real soon. Pretty please?
Rhetorical Question: What will happen when the homebuyer tax credit expires?
What Goes Around: Unusually high temperatures in the Arctic and heavy rains in the tropics have increased the release of methane into the atmosphere. Increases in atmospheric methane is causing higher temperatures in the Arctic and heavy rains....
The Pain in Spain: Spain's GDP will decline about 11% over the next three years, with unemployment reaching 25% and no recovery anticipated until well into the next decade. Somebody had to be first.
Porn O'Graph : Lay off the Layoffs.
5 comments:
Good Old Days: Remember when Scientific American wasn't a shill for the energy lobby?
Scientist acting as shills, how disgusting! Mercifully, the other Professions: Lawyers, Doctors, Engineers, Accountants, Economists, etc. refuse to act as shills in the interests of Mammon. Kudos to our great and uncorrupted Universities who train these honest and ethical professionals.
I can't wait until we get beyond the "irreversible tipping points" regarding climate change so that we can put to an end all the incessant whining about the end of life as we know it.
Then we can all at least kick back and enjoy the warmer weather as we await rising tide.
Anony 420 - Too bad that's not funny.
ckm
CKM,
Focus on deeds, not words. I don't know of any truly meaningful efforts anywhere in the world to combat climate change (enlighten me if I'm wrong). Rather, I only read and hear warnings of impending doom from most of the western leaders.
Until I actually see ACTION, I see no reason to get my blood pressure up over it.
The Scientific American article may have been written by a "scientist", but he works for an oil company.
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