Q4 GDP and Consumer Confidence Both Sucked Like a Turbomolecular Pump

By: Repair_Man_Jack (Diary)  |  January 30th at 11:30 AM  | 

Fox News is at the apex of its corporate power. It bestrides the fetid media swamp like a mighty, dollar-and-talent-sucking Colossus of Rhodes. It’s beyond being a network. It is a unique plain of existence, separate from the mere domain of mortal man. That spending problem in DC – it only exists on Fox News.

Now never you mind the actual economic statistics. The fact that Q4 GDP went down by 0.1% versus a non-Fox News consensus estimate of 1.1% – that only happened on Fox News as well. Likewise the Consumer Confidence number that is worse than any value recorded since November 2011.

Well, actually the Consumer Confidence story just winked into existence over at Bloomberg as well. Here’s how a Philadelphia-based bond analyst feels the Consumer Confidence Cliff will effect things out in Flyover Land.

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Backward To The Future!

By: Repair_Man_Jack (Diary)  |  November 20th at 01:57 PM  | 

Ah, the 1950’s – a quaint decade of peace and prosperity. We compare it the 60’s, and mourn our nation’s lost hygiene, oops I mean innocence. Ok, so maybe that sort of nostalgia is overblown and a wee tad derogatory. Yet Dwight Eisenhower warned us of America turning into Amerika and we just didn’t get it. So Paul Krugman rides again to sell us his typically origami* version of economic events.

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