Yeah, yeah, yeah, the Portuguese are gonna get raped quickly. We all know that.
What we want to know is who's gonna get mauled a year ahead of time.
Irish per capita debt: $550K
Dutch per capita debt: $226K
Expect a mauling same time next year!
BORINNNNNGGGGGGGGGGGGGGGGGG!!!
Monday, November 22, 2010
Saturday, November 20, 2010
The Irish Curse
A year ago, we visited the Irish saga: link.
Here's the recap:
Get drunk!
About the only option you've had for millenia. You think you can beat that by borrowing a crapload of money?
Here's the recap:
IrelandWhat would the EE advise the Irish?
Population: 6.1 million
Debt: $1.8 trillion
That's trillion with a T. And the population is half of that of Mumbai.
Quick long division later, that's $448K for each man, woman and child.
That's a fuckload of Riverdance tickets they are going to have to sell. Or they could just institute a penny-tax per pint, and they'll pay it back in a year.
Get drunk!
About the only option you've had for millenia. You think you can beat that by borrowing a crapload of money?
Saturday, September 18, 2010
Octopussy
The OC Register reports: Attorney: Octuplet mom is considering welfare.
Nadya Suleman and her 14 children may be kicked out of their La Habra home, and Suleman is considering applying for welfare.
Haddadin, who holds the deed to Suleman's La Habra home, said he plans to start foreclosure proceedings Monday.
Haddadin said Suleman failed to make her $4,060 house payment Sept. 1.
Czech also said his client is considering welfare.
"We've discussed it," he said. "The last thing she wants to do is go on public aid. But she doesn't have any future income. A few things fell through for her."
When the news broke today that the mom of 14 was in trouble, Vivid Entertainment put out the word that it was offering her $500,000 to do an adult movie — "one scene for one hour," TMZ is reporting.
Let's see some Octopussy!!!
Nadya Suleman and her 14 children may be kicked out of their La Habra home, and Suleman is considering applying for welfare.
Haddadin, who holds the deed to Suleman's La Habra home, said he plans to start foreclosure proceedings Monday.
Haddadin said Suleman failed to make her $4,060 house payment Sept. 1.
Czech also said his client is considering welfare.
"We've discussed it," he said. "The last thing she wants to do is go on public aid. But she doesn't have any future income. A few things fell through for her."
When the news broke today that the mom of 14 was in trouble, Vivid Entertainment put out the word that it was offering her $500,000 to do an adult movie — "one scene for one hour," TMZ is reporting.
Let's see some Octopussy!!!
Thursday, June 17, 2010
In Which Blog Readers Mail in Total Awesomeness!
Blog Reader's comment: "Short Gucci!"The EE's response: "Surely, my dear, you mean PPR!"
Heck, just short the CAC-40 and be done with it. Why piss around?
Saturday, May 08, 2010
Beware of Greeks Bearing Horses!
Let's see - markets freaking over Greece when they should logically be freaking over Ireland. (Note: markets are NEVER rational - Univ. of Chicago morons not withstanding.)
Executive Summary:
Ireland
Population: 6.1 million (source.)
Debt: $1.8 trillion (source.)
That's trillion with a T. And the population is half of that of Mumbai.
Quick long division later, that's $448K for each man, woman and child.
That's a fuckload of Riverdance tickets they are going to have to sell. Or they could just institute a penny-tax per pint, and they'll pay it back in a year.
Either way they are fucked, and the lenders are equally fucked.
If Greece is Bear Stearns then Ireland is Lehman Brothers. Good luck! You'll need it.
Executive Summary:
Ireland
Population: 6.1 million (source.)
Debt: $1.8 trillion (source.)
That's trillion with a T. And the population is half of that of Mumbai.
Quick long division later, that's $448K for each man, woman and child.
That's a fuckload of Riverdance tickets they are going to have to sell. Or they could just institute a penny-tax per pint, and they'll pay it back in a year.
Either way they are fucked, and the lenders are equally fucked.
If Greece is Bear Stearns then Ireland is Lehman Brothers. Good luck! You'll need it.
Wednesday, March 17, 2010
In Which the EE Teaches Remedial Math
Obama: Premiums Will Decrease 3000%
Yo, poindexter! The most that prices can fall is by 100%.
They can rise by any percentage whatsoever but the most they can fall by is 100%. That's called free, son!
Did youse or did youse not take remedial math at Columbia?
Yo, poindexter! The most that prices can fall is by 100%.
They can rise by any percentage whatsoever but the most they can fall by is 100%. That's called free, son!
Did youse or did youse not take remedial math at Columbia?
Monday, March 08, 2010
Hooray for Iceland!
Bloomberg reports: Iceland Rejects Icesave Depositors Bill in Referendum (Update2).
Icelanders rejected by a massive majority a bill that would saddle each citizen with $16,400 of debt in protest at U.K. and Dutch demands that they cover losses triggered by the failure of a private bank.
Ninety-three percent voted against the so-called Icesave bill, according to preliminary results on national broadcaster RUV.
Best. Decision. Ever.
Icelanders should insist on whatever it is that is in their own self-interest.
They won't starve. They got excess energy - more than they need - so they won't freeze either. They got tourist dollars coming in. What more do they need?
The British and Dutch taxpayers are fucked! They should be.
Hooray for Iceland!
And it's been a fuckload of time since someone said that!
Icelanders rejected by a massive majority a bill that would saddle each citizen with $16,400 of debt in protest at U.K. and Dutch demands that they cover losses triggered by the failure of a private bank.
Ninety-three percent voted against the so-called Icesave bill, according to preliminary results on national broadcaster RUV.
Best. Decision. Ever.
Icelanders should insist on whatever it is that is in their own self-interest.
They won't starve. They got excess energy - more than they need - so they won't freeze either. They got tourist dollars coming in. What more do they need?
The British and Dutch taxpayers are fucked! They should be.
Hooray for Iceland!
And it's been a fuckload of time since someone said that!
Saturday, February 06, 2010
Nostalgia
It's a glorious Satuday morning and it can only be improved by a blast from the past.
In Miami, Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors, predicted that a limited supply of land coupled with demand from baby boomers and foreigners would prolong the boom indefinitely.
"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."
Giggle!!!!!!
In Miami, Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors, predicted that a limited supply of land coupled with demand from baby boomers and foreigners would prolong the boom indefinitely.
"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."
Giggle!!!!!!
Saturday, January 02, 2010
Food, Glorious Food!
The New York Times reports: Living on Nothing but Food Stamps.
After an improbable rise from the Bronx projects to a job selling Gulf Coast homes, Isabel Bermudez lost it all to an epic housing bust — the six-figure income, the house with the pool and the investment property.
Now, as she papers the county with résumés and girds herself for rejection, she is supporting two daughters on an income that inspires a double take: zero dollars in monthly cash and a few hundred dollars in food stamps.
With food-stamp use at a record high and surging by the day, Ms. Bermudez belongs to an overlooked subgroup that is growing especially fast: recipients with no cash income.
About six million Americans receiving food stamps report they have no other income, according to an analysis of state data collected by The New York Times. In declarations that states verify and the federal government audits, they described themselves as unemployed and receiving no cash aid — no welfare, no unemployment insurance, and no pensions, child support or disability pay.
Ms. Bermudez, by contrast, tells what until the recession seemed a storybook tale. Raised in the Bronx by a drug-addicted mother, she landed a clerical job at a Manhattan real estate firm and heard that Fort Myers was booming. On a quick scouting trip in 2002, she got a mortgage on easy terms for a $120,000 home with three bedrooms and a two-car garage. The developer called the floor plan Camelot.
“I screamed, I cried,” she said. “I took so much pride in that house.”
Jobs were as plentiful as credit. Working for two large builders, she quickly moved from clerical jobs to sales and bought an investment home. Her income soared to $180,000, and she kept the pay stubs to prove it. By the time the glut set in and she lost her job, the teaser rates on her mortgages had expired and her monthly payments soared.
She landed a few short-lived jobs as the industry imploded, exhausted her unemployment insurance and spent all her savings. But without steady work in nearly three years, she could not stay afloat. In January, the bank foreclosed on Camelot.
One morning as the eviction deadline approached, Ms. Bermudez woke up without enough food to get through the day. She got emergency supplies at a food pantry for her daughters, Tiffany, now 17, and Ashley, 4, and signed up for food stamps. “My mother lived off the government,” she said. “It wasn’t something as a proud working woman I wanted to do.”
“I went from making $180,000 to relying on food stamps,” she said. “Without that government program, I wouldn’t be able to feed my children.”
So why exactly didn't she use some of that $180K salary to pay off a $120K house?
Oh wait, that kinda questioning requires journalists to have brains!
Brains, glorious brains, how could we expect that?
After an improbable rise from the Bronx projects to a job selling Gulf Coast homes, Isabel Bermudez lost it all to an epic housing bust — the six-figure income, the house with the pool and the investment property.
Now, as she papers the county with résumés and girds herself for rejection, she is supporting two daughters on an income that inspires a double take: zero dollars in monthly cash and a few hundred dollars in food stamps.
With food-stamp use at a record high and surging by the day, Ms. Bermudez belongs to an overlooked subgroup that is growing especially fast: recipients with no cash income.
About six million Americans receiving food stamps report they have no other income, according to an analysis of state data collected by The New York Times. In declarations that states verify and the federal government audits, they described themselves as unemployed and receiving no cash aid — no welfare, no unemployment insurance, and no pensions, child support or disability pay.
Ms. Bermudez, by contrast, tells what until the recession seemed a storybook tale. Raised in the Bronx by a drug-addicted mother, she landed a clerical job at a Manhattan real estate firm and heard that Fort Myers was booming. On a quick scouting trip in 2002, she got a mortgage on easy terms for a $120,000 home with three bedrooms and a two-car garage. The developer called the floor plan Camelot.
“I screamed, I cried,” she said. “I took so much pride in that house.”
Jobs were as plentiful as credit. Working for two large builders, she quickly moved from clerical jobs to sales and bought an investment home. Her income soared to $180,000, and she kept the pay stubs to prove it. By the time the glut set in and she lost her job, the teaser rates on her mortgages had expired and her monthly payments soared.
She landed a few short-lived jobs as the industry imploded, exhausted her unemployment insurance and spent all her savings. But without steady work in nearly three years, she could not stay afloat. In January, the bank foreclosed on Camelot.
One morning as the eviction deadline approached, Ms. Bermudez woke up without enough food to get through the day. She got emergency supplies at a food pantry for her daughters, Tiffany, now 17, and Ashley, 4, and signed up for food stamps. “My mother lived off the government,” she said. “It wasn’t something as a proud working woman I wanted to do.”
“I went from making $180,000 to relying on food stamps,” she said. “Without that government program, I wouldn’t be able to feed my children.”
So why exactly didn't she use some of that $180K salary to pay off a $120K house?
Oh wait, that kinda questioning requires journalists to have brains!
Brains, glorious brains, how could we expect that?
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