As posted on BccList.com here a few months back, this clip from AUGUST 2007 is worth revisiting again.  And, again.  And, eventually again.

Not interested in trading?  Don’t get caught up in the jargon – seconds 30-57 will make sense.  Pretty amazing call, eh?

The Fed’s decision regarding the interest rate should be announced in 15 minutes – around 2:15 pm EDT.  If the Fed decides to cut the rate – because inflation easing over 2 months is “good enough” after the last 12 months of it climbing out of control – there should be riots.  I’m not joking.

As originally seen on BccList.com here, the only thing a rate cut does is screw the American consumer.  If the rate does get cut, get ready to pay $4.50+ a gallon of gas as inflation increases significantly and the value of the dollar tanks.

Update: NO CHANGE – There is a God!!!!  Oil should continue to trade lower than $92 (price as of 9/16) a barrel.  Short oil futures and big oil stocks as originally seen on BccList.com here.

It’s amazing that the mccain camp thinks they can get away with this crap.  After 2000 and 2004, we’re not collectively as stupid of a country as we used to be.

http://www.newsweek.com/id/158265/output/print

The ridiculous mccain camp “fact check” ad:

Want to keep up with mccain’s embarrassing lies.  Check out…

http://www.mccainpedia.org/index.php/Count_the_Lies

http://www.nytimes.com/2008/09/16/science/16angi.html?partner=rssnyt&emc=rss

Wow, it all makes sense now!

“You are shopping in a busy supermarket and you’re ready to pay up and go home. You perform a quick visual sweep of the checkout options and immediately start ramming your cart through traffic toward an appealingly unpeopled line halfway across the store. As you wait in line and start reading nutrition labels, you can’t help but calculate that the 529 calories contained in a single slice of your Key lime cheesecake amounts to one-fourth of your recommended daily caloric allowance and will take you 90 minutes on the elliptical to burn off and you’d better just stick the thing behind this stack of Soap Opera Digests and hope a clerk finds it before it melts.

One shopping spree, two distinct number systems in play. Whenever we choose a shorter grocery line over a longer one, or a bustling restaurant over an unpopular one, we rally our approximate number system, an ancient and intuitive sense that we are born with and that we share with many other animals.”

The video below is not another doom and gloom “Lehman Brothers failing” video. Rather, it’s live TV at its best. Give it about 5 seconds…

Burchie, thank you.

Unlike what I have been pleading for over the past 6 months, the rumor is that the Fed will meet tomorrow (9/16) and possibly slash the rate.

What’s this mean if the rate gets slashed 25 or 50 basis points? The dollar will tank, oil will trade well above $120 a barrel, and inflation will skyrocket once again after easing over the last few months.

This proposed cut could end up being the worst thing the bush administration (they “hired” bernanke) has done to date. Yes, even worse than the Iraq war. Holy shiat!

This article hinting at an interest rate slash is from 9/11/08:

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/?postversion=2008091117

“At the same time, oil prices have fallen sharply from their record highs and the dollar has rebounded against the euro. Thus, some think the threat of inflation is receding.”

So, let me get this right – Inflation gradually moved to an unbearable level over 12+ months. Because the Fed hinted at a rate increase in mid July, oil has fallen over the past month or two as inflation eased. 12+ months of inflation growth vs. 2 months of inflation ease = inflation is no longer an issue so let’s slash the rate. Wow.

This article hinting at an interest rate slash is from today:

http://ap.google.com/article/ALeqM5h8KpyRBjeJw2gfbZZF3Kt4NfKeDAD9378RP80

Seeing that john mccain admittedly doesn’t understand the economy, I wonder how sarah palin would handle this mess? That’s right, probably about as well as dubya. Will there be another “Where were you?” moment this week? It’s been almost exactly 7 years and the same administration since the last one.

Yeah, this was 3 months (not 3 years) ago…

P.S. I can’t wait to hear the political spin on this category 5 financial hurricane!

Update: Holy shiat – mccain said the fundamentals of our economy are strong as recently has 4 hours ago. I guess he truly doesn’t understand the economy.

Detroit Tigers at Chicago Whitesox. September 14, 2008. Great seats.

Newman, thank you.

I thought the song sounded mediocre until I listened to it with my insanely bassy – is that a word? – headphones.  Should sound good in a bar/lounge/club/etc…

Saturday night tomfoolery. Happy bday Newman!

Update: I have no fcking idea why I posted this.  What the hell?  The first time not really remembering posting something – yikes!

http://blogs.abcnews.com/politicalradar/2008/09/fact-check-pali.html

“Every vice president over the last 30 years had met a foreign head of state before being elected.

“Have you ever met a foreign head of state?” Gibson asked Palin Thursday.

“I have not,” Palin said, “and I think if you go back in history and if you ask that question of many vice presidents, they may have the same answer that I just gave you.”

However Palin, who obtained her first passport two years ago, would in fact be the first vice president in 32 years who hadn’t met a foreign head of state, if she were elected.”

As I’ve been stating since before Rachel Maddow “stole” my line last night to close out her show – We’re only as competent as the political leaders we elect.

Here’s some assistance in the event that the smear tactics have you confused…