Sadder than an organ grinder who can't wake his monkey. The monkey is just "sleeping" right? Dance monkey, dance. Man, when they find out that the credit card you used as a security deposit is declined this could be more entertaining than the time we stole Casey's car speakers.
No money to pay back millions but enough money for a high speed evasive driving course. Casey is giving troll lessons.
23 comments:
First?
Unbelievably, yes. you are first. A half hour of a Casey top post and no one cares. There is hope.
Thurst!
Let the rate cut chat begin ...
BTW, if KC smashes up that Porsche add another $50-70K to the many dirty pennies he will continue to promise to think about repaying someday.
From the Fed's Statement:
"Today's action, combined with the policy action taken in September, should help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and promote moderate growth over time."
Don't worry everyone, the slowdown is contained™.
"Readings on core inflation have improved modestly this year, but recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation. In this context, the Committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully."
Don't worry everyone, inflation is contained™.
"The Committee judges that, after this action, the upside risks to inflation roughly balance the downside risks to growth. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth."
Actually, let's just say it's all contained™.
Recession headed off, inflation in check, win-win™! The Fed does it again. (Is this where I put the /sarcasm tag?)
(And Rob, when Casey threads start getting hijacked with discussions of the economy rather than the other way around, yes, there is hope)
Wasn't Casey supposed to be arrested/arraigned/doing hard time according to the internet legal experts here?
Rob, Casey's and his stupid ass 'boss', are growing more and more tiresome. I just want their tired asses in jail.
Rob:
It occurs that since Casey went into business with one of the few people in a deeper financial hole than he is, it is just possible that the little monkey has been repossessed.
And anyone who gives those two booger-eatin' morons their personal financial data is a slobbering dirt-merchant.
Rob, when Casey threads start getting hijacked with discussions of the economy rather than the other way around, yes, there is hope.
The 25bps was all they could manage in light of the data. They clearly -wanted- to help their friends more but couldn't quite get away with it.
A recession is inevitable. A deep recession is possible and for the first time I believe there is even a miniscule chance of a depression. This is the first time I've said that while I still think it most highly unlikely.
The only "good" things to come out of this are going to be more energy independence. But that's a wickedly complex issue and makes me look like a Poindexter.
Huh?
What has Casey been up to? I haven't been paying attention.
Do you think that a war financed through debt is not without consequences? There will be myriad penalties for our conduct that will be paid for many years. Get used to it people.
The only "good" things to come out of this are going to be more energy independence.
I think this will occur sooner than people realize, at least in the Western world. Major technology shifts occur very quickly. It won't take a government-run "Manhattan Project." It's simple market forces.
I don't think we can be completely independent of foreign oil, simply because someone somewhere will be able to produce it more cheaply. But the technology required for eliminating the ability of other countries to render oil as a weapon against us is very close.
Some think this won't happen because "Big Oil" won't allow it. What they don't realize is that "Big Oil" is small potatoes. State-owned oil companies like Saudi Aramco and PEMEX and LUKOIL control things now, not Exxon.
Different topic, is anyone going to dress as a housing bubble tonight?
Rob -
Here is your opening for discussions on energy independance:
http://money.cnn.com/2007/10/31/markets/oil_eia/index.htm?cnn=yes
Very interesting market action today. My observation: without the Hopes of the Magical Rate Cut to hold on to, the market is becoming untethered, and volatility is back.
The housing bubble costume is a great idea! But my costume tonight will be as a mortgage market regulator--that is to say, in the dark and asleep.
I'm not sure how much of the US oil imports come from the oil sands in Alberta, but production here is starting to cut back due to increases in royalties announced last week.
It was my understanding that the US was trying to increase its reliance on Canadian oil to move away from Saudi dependence.
Just today two Calgary-based energy trusts merged, creating the largest energy trust in North America.
Speaking of Casey, I'll throw out an interesting thought: I wouldn't be surprised if Casey headed back to college. As disparaging as he's been of higher education, it does have one singular advantage for him: it's a good excuse to borrow more money.
On the same note, I think we'll see a jump in college enrollments (as if they weren't high enough already) as young people who were once "employed" in real estate find that they their skill sets aren't in demand. And being a student is one sure way of qualifying for loans to cover living expenses.
If KC goes back to school he should definitely study to be a banker. Those guys really know how to rip off [people / nations / worlds] big time.
Have to say I admire his style.
Ho Ho Ho - It's Santa Flipper Clause
Yes, the dollar goes further down the crapper.
Santa F. Clause
The knave...and boobs always come in pairs.
The knave...and boobs always come in pairs.
Personally, I see Casey as a potential pick for Secretary of HUD -or- Treasury Secretary in the Ron Paul administration. His mad creative financing skillz (tm) and ability to focus on the big picture without getting bogged down by annoying details will serve the nation well.
His weekly talkcasts on the state of the economy will start a new tradition just like FDR's fireside chats.
My trolls! Vote for Casey for Federal Reserve Bored on Novembur Fifth. Free photo-ops with the new Trasury Secratary Lupo's Lambo after the election (it's a gray area).
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