Someone Tell Obama

Karl Denninger over at The Market Ticker came out with some dismal, diarrhea inducing, get on your knees and pray to big baby Jesus predictions of what is in store for the economy in 2009- and now he has written a simple, back of the napkin plan for what President-elect Obama should do with the second half of the bailout monies.

Read about it here:

http://www.someonetellobama.com/

It's worth a damn shot.

Song of the Day: Kanye West - Flashing Lights

Not a big fan of Kanye West, but this song from his album Graduation is off the hook.

I first heard it during the pre-game intro of the Warriors-Rockets game, the Warrior Girls in short shorts, white knee length boots stomping to the beat. I didn't find out the song title until I heard it again in a Nip Tuck promo and used The Google to hunt it down. Great production, but an epic track like this is better off as an instrumental or better yet, paired up with lyrics from a master wordsmith like Nas, the Mobb Deep guys or someone from Wu-Tang. If anyone finds an instrumental only version, hit me up.

The song reminds me of the title credits to the serial samurai dramas that air Saturday nights on KTSF. Check them out!

Song of the Day: Bruce Springsteen - The Wrestler

As The Wrestler cuts to credits, this nice ballad by Bruce Springsteen begins playing, a bookend to an unexpectedly emotional story...

Song of the Day: Eartha Kitt - Santa Baby

R.I.P. to perhaps one of the best ladies to play Catwoman...

Never Tell Me the Odds!

C-3PO: Sir, the possibility of successfully navigating an asteroid field is approximately 3,720 to 1.

Han Solo: Never tell me the odds!

Roger Farmer, an economist with the NBER said that the odds of the US entering a depression within the next 3 years is 50%. The NBER is the organization charged with the task of "officially" declaring recessions, and a few weeks ago they said they would not declare a depression. While one out of several hundred members of the NBER is speaking out, it is not indicative of any trends within the organization. However, Roger Farmer joins a growing chorus of experts who are warning us about the risk of the year-long recession turning into a depression...

Chorus (listed in no particular order):
Bernard Connoly
Nassim Nicholas Taleb
Miguel Ángel Fernández Ordóñez
Karl Denninger
Jim Rogers
George Soros
Robert Reich
Marc Faber
Peter Schiff
Ron Paul

On that somber note, I would like to wish my friends and small band of loyal readers a Merry Christmas and a Happy New Year.

If you can, donate to your local food bank, give away old clothes, and give some of your time or money to charities that help the homeless and/or the working poor. If you have generous relatives, ask them to give you cash this Christmas, you may need it some day.

See you next year.

Song of the Day: The Vapours - Turning Japanese

Dedicated to Ben "Helicopter Ben" Bernanke and all the other motherfuckers at the helm as the American and World economies imploded.

Recommended reading:

The Market Ticker - Welcome to ZIRP
Calculated Risk - Fed Funds Rate from ZERO to 0.25%
Paul Krugman: The Conscience of a Liberal - ZIRP!
Robert Reich's Blog - And Now Deflation