Tuesday, June 8, 2010

Bernanke Predicts Continued Recovery, Not Double-Dip Recession, 'But It Won't Feel Terrific'


It "doesn't feel good": now. Recovery? Growth?

Well, hell, Ben, if you can still profess economic growth while maintaining 10% unemployment, uh, I think you people call that productivity(?) fine!

Keep killing the goose that lays the golden egg. Pretty soon you will have eliminated the middle class, then you won't have any poor souls to buy the consumer goods and borrow the money that keeps you guys in polo ponies.
Read the Article at HuffingtonPost

Saturday, June 5, 2010

Unemployment: U.S. Economy Added 431k Jobs In May, But Vast Majority Came From Census Hires


So true, as a technical contractor, I am blessed and fortunate to have achieved the following:
  1. I make 1/3 less the hourly wage I did as a full time employee,
  2. I have to cut in the agency, who tries to get my rate lower so their spread is higher.
  3. I have no benefits.
  4. I have no vacation time.
  5. I have to scare down new recruiters when the contract is over.
  6. I am lucky to get jobs that are many levels below my skill level.
  7. I am asked to do filing, which makes everyone happy.
  8. when the work at the contact location slacks off, I'm threatened with having the contract cancelled early.
And all this, yes, ALL THIS after 26 years of professional experience.
Isn't that special?
I know, it's hard to believe anyone could rise to such a level of accomplishment, but wait around, this could be you too, in a couple of years.
Read the Article at HuffingtonPost

Wednesday, June 2, 2010

Guatemala Sinkhole Is MASSIVE, Swallows Building (PICTURE)


I don't exactly know why, but I can't stop looking at this. I've had nightmares about falling down one of these.
Read the Article at HuffingtonPost

Tuesday, May 25, 2010

Long-Term Unemployment: No Help For The 99ers


You know, they're right.

Unemployment insurance has made me lazy.

I 'm too lazy to make dentist appointments, buy my kids shoes, go to the doctor (I'm too lazy to buy my own medical insurance to the tune of $1,600 per month), too lazy to contribute to my no-longer-existant retirement account (I was motivated, however briefly, to cash out my 401k and pay 30% penalties in order to buy food, utilities), continue my son's music lessons, even though he's gifted, pay my mortgage - I could just go on forever.

Thank you, Senators, for this attitude correction.

Now I can continue to look for work that I know is not out there, and be grateful to you for setting me back on the right path. I can also keep on contributing to the broken, unjust economic and political system that caused me to be unemployed in the first place, but that's a minor detail.

God, our government is good!
Read the Article at HuffingtonPost

Wednesday, May 5, 2010

solvent devil

Rumors, fears and innuendos razed the mob mentality
stiffled laughter camouflaged the inaudible brutality

I wasn't involved with existent risk or capital adequacy
Rumors, fears and innuendos, razed the mob mentality,
stiffled laughter camouflaged the inaudible brutality.

It started as a crisis cause, up to the haircut level,
"my views are shadowed, dark and veiled", suggests the solvent devil
It lent the structured moral hazard a look of paltry calm,
the episode's untimely death destroyed the upturned palm.

I wasn't involved with existant risk or capital inadequacy,
but rather, liquid funding models of focused indelicacy
People will react with confidence to the test lab quality,
what happened next is compensation of increased acerbity.

Inherent hope in common good had promptly disappeared,.
and in it's place of prominence the rebel pilgrim cheered.
Tri-party, bell-shaped curve began the fast decline,
a topsy turvy market marker yields the black design

We began to see the desert tortoise struggle with the crows,
and men of crystal styrofoam reigned down the mighty blows.
Their over weighted shadows put skin into the game,
and tore it off the backs of those who bore the paper shame

The driest tinder penalized created opaque facts,
complexity in general as the enemy was backed,
men from mars were magnified illiquid weakness shown,
at one hundred thousand feet, the black mistakes were blown.

Systemic risk regulators feign interest in the terms,
they encourage bigger bread lines to share instrumental germs,
for access to the discount window is an argument secure,
So scared and bailed bazooka bears and women pale endure.

Friday, April 30, 2010

Timberwolf

Timberwolf - a top priority,
growls and howls the sated song,
of lies, of foul, of wretched lives -
frisk, then risk the civil wrong,


Orange-yellow fundamental,
cries the lovely tennesee.
Span the world of poor wild bums
and spew green bile mandacity.


Broken hearted disrepair,
an obligation thunderclap.
Apple market's stomach bear,
has sparked an interest bishop's cap.


Reason known has reached its end.
Compassion died in forward march.
It left enslavement in it's path,
all lies mean false-diminished arch.


So crush the charts of mighty men,
their golden strategy's big red shorts.
Canaries hide in feeble hedges,
thin
and wan, the news report.