Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
The economic recovery has been helped in large part by the spending of the most affluent. Now, even the rich appear to be tightening their belts.
Late last year, the highest-income households started spending more confidently, while other consumers held back. But their confidence has since ebbed, according to retail sales reports and some economic analysis.
“One of the reasons that the recovery has lost momentum is that high-end consumers have become more jittery and more cautious,” said Mark Zandi, chief economist for Moody’s Analytics.
That cautious attitude stems in part from concerns about global instability, especially in Europe, and in part from the volatility of the stock market in recent months. Major stock indexes fell sharply on Friday, after several big companies announced disappointing earnings. Bank stocks were the biggest losers as investors wrestled with the twin issues of lower trading profits from Citibank and Bank of America and the prospect that new financial regulation would further crimp their businesses.
Though stock performance has a bigger psychological and financial impact on high-income households, consumers of all income levels are fretting more about their financial future, perhaps bracing for the possibility of another economic contraction. Consumer confidence slumped in July to its lowest point since August 2009 in the Thomson Reuters/University of Michigan index released on Friday.
The Dow Jones industrial average slipped 261.41 points to 10,097.9 on Friday, for a loss of 2.52 percent. For the year, broad-based stock indexes in the United States all show losses of more than 3 percent.
Huh, well maybe the poor people will get us over the hump.
Picked up any paychecks from poor people lately?
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I’ve been hearing about how some pharmaceutical company is sitting on over half a million dollars in cash, afraid to spend any of it. Afraid that some new regulation is going to turn the medical world inside-out and that they won’t be able to get that money back.
When companies (and wealthy individuals) are nervous because they have no idea what half-cocked, ill-conceived regulations the government is next going to impose on them….something is seriously out-of-whack. Entities like that should be worrying about natural market forces, not the arbitrary whims of some batch of politicians or appointed regulatory officials.
- cylarz | 07/20/2010 @ 01:27Excuse me, half a BILLION dollars in cash. $600 million I think it was? That money should be invested somewhere; instead its sitting in someone’s bank account because the company might need it to keep from going under. All thanks to Chairman Zero and his pals in the House and Senate…and nobody is sure what “sweeping,” favoritism-laden “reform” is going to burst forth from our beloved US Congress next.
- cylarz | 07/20/2010 @ 01:29I do think at a certain point you’ve made enough money
– Barack, Barry Soteros whtaevah, Obama
WAIT! Let me count my Hope and Change!!!!
- Kini | 07/20/2010 @ 01:57