15 Dec
Posted by: The Weakonomist in: cars, economy, environment, government, industry, jobs, technology
Ladies, gentlemen, and politicians, let me introduce you to the 2009 Toyota Venza.
The Venza is the exact reason the Big 3 of Detroit deserve nothing. Toyota introduced the Venza to the automotive community earlier this year. When I first saw it this summer, I thought it was a hideous and ugly thing. That may have [...]
12 Dec
Posted by: The Weakonomist in: banking, economy, government
Instead of the Troubled Asset Relief Program, we should establish the Throw Rocks At Politicians foundation for their great idea of giving the Treasury $700 billion and not establishing some kind of guidelines on how it must be used. Previously, I stated that if this program must exist, then Secretary Hank “The Bank” Paulson does [...]
To be more specific, 1.9 million have lost their jobs in 2008. More than a quarter of them in November alone. This is a staggering figure not matched in over 30 years (December 1974). What’s worse, is the estimates in September and October were revised up further, and November’s survey of economists predicted only about [...]
“In other news the Dow dropped 1,000 points in an unprecedented decent. Months ago the Dow was steady at 13,000, it is now below 8,000″
I’m sure you’ve heard or read something similar to the statement above. You see that statement like Shepherd Smith or Wolf Blitzer does, reporting on such horrible news but not understanding [...]
03 Dec
Posted by: The Weakonomist in: banking, economy, government
No this is not the same as TARP. This is a new plan, that including other programs in place amounts to trillions. Even Dr. Evil can’t fathom trillions.
The total package won’t be fully understood until it’s all over. Most of the trillions right now are committed, but have not been spent. The huge amount of [...]
Thanks to everyone that chipped in on the OGEC project. It looks like at our last meeting the unanimous decision to go into recession has worked.
If you’re lost, do not fear. A few months ago I formed the Organization of Grain Exporting Countries to combat the Organization of Petroleum Exporting Countries, OPEC. [...]
“Oh no! We’re in a recession. Grab the shotgun and oil lantern Paw, we gots to go find us some dinner.”
People hear recession and think disaster. It’s recession, not regression.
Here’s the thing with most recessions, you don’t know you’re in one until it’s over. We are currently waiting to find out what the next quarter’s [...]
Wells Fargo was interested in buying Wachovia, but couldn’t beat Citi’s offer of $1. Wells Fargo walked away. But, two days later they came out of the blue and offered 7x as much as Citi. Why? Did they notice something on the books of Wachovia that NO ONE else had previously? Unlikely. No the only [...]
Weakonomics is the antithesis to traditional personal finance blogs. We bash the media, provide insider commentary on the financial services industry, and educate readers on the matters of finance in our every day lives. It is brought to you by an insider that thinks like an outsider.
Posting tweet...
Powered by Twitter Tools.