by Calculated Risk on 11/09/2010 09:58:00 PM

From the Financial Times Alphaville: US downgraded on QE2 ... by Chinese rating agency (ht Andrew)

Dagong Global Credit Rating Co. — the Chinese rating agency which hit headlines earlier this year for its AA-view on the United States — is back. With a US downgrade.

From the just-published, 10-page report:

Dagong has downgraded the local and foreign currency long term sovereign credit rating of the United States of America (hereinafter referred to as “United States” ) from “AA” to “A+“, which reflects its deteriorating debt repayment capability and drastic decline of the government’s intention of debt repayment.

The serious defects in the United States economic development and management model will lead to the long-term recession of its national economy, fundamentally lowering the national solvency.

I thought this was from The Onion. The report concludes:

[G]iven the current situation, the United States may face much unpredictable risks in solvency in the coming one to two years.

Uh, right. At least someone in China has a sense of humor ...

by Calculated Risk on 10/31/2010 05:45:00 PM

Earlier posts:

Schedule for Week of Oct 31st

Summary of last week: Week ending Oct 30th

For your enjoyment, from singer Curtis Threadneedle (in the style of Barry White), a song co-written by Curtis Threadneedle and Merle Hazard, and produced by Merle Hazard.

by Calculated Risk on 10/09/2010 04:55:00 PM

Watch for the "Hoocoodanode" mention (A Tanta snark and the name of our message board) ...

by Calculated Risk on 10/08/2010 07:26:00 PM

While we wait for the FDIC ...

From the Daily Show (link if embed doesn't work) Foreclosure Crisis

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Foreclosure Crisis
www.thedailyshow.com
Daily Show Full Episodes Political Humor Rally to Restore Sanity

by Calculated Risk on 9/30/2010 11:49:00 PM

A little economics humor ...

by Calculated Risk on 9/10/2010 10:27:00 PM

Via Politico in October 2009 (link here if embed doesn't load)

"Number one on the list we wanted to make sure - [whisper] all the Clinton people got their jobs back - to do something to help the country."

“The unemployment rate is at 9.7% ... Have some sympathy for those people that are unemployed, because when Rahm Emanuel sees my comments from this evening, I am going to be one of them.”

by Calculated Risk on 6/17/2010 09:18:00 PM

Previous Merle Hazard hits include Inflation or Deflation?, H-E-D-G-E and Mark to Market ...

by Calculated Risk on 6/12/2010 12:49:00 AM

Since we all need a laugh ...

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
The Spilling Fields - BP Ad Campaign
www.thedailyshow.com

by Calculated Risk on 6/05/2010 10:28:00 PM

Since we all need a laugh - Jon Stewart has a suggestion for how to use a vacant McMansion ... Here is the link at the Daily Show

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
The Spilling Fields - To Shell and Back
www.thedailyshow.com

by Calculated Risk on 5/29/2010 10:45:00 AM

Just for fun ... in 1926, economist George Taylor suggested the "Hemline Index"; he observed that hemlines moved with stock prices.

And from the NY Times: A Long, Lean Backlash to the Mini. Here is the hot new look:

Does that mean stocks are at a bottom, or that stocks are about to crash?

by Calculated Risk on 5/14/2010 09:28:00 PM

A little Friday evening humor from Jon Stewart at the Daily Show: Hoarders

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Hoarders
www.thedailyshow.com

by Calculated Risk on 5/11/2010 09:17:00 PM

From Jon Stewart at the Daily Show: A Nightmare on Wall Street

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
A Nightmare on Wall Street
www.thedailyshow.com

by Calculated Risk on 2/27/2010 06:59:00 PM

Some fun from the Daily Show. Link here if embed doesn't load.

Read more »

by Calculated Risk on 2/07/2010 03:41:00 PM

First, via NPR: The Super Bowl Stock Market Predictor

The Super Bowl Stock Market Predictor holds that if a team from the old NFL wins, the market will rise in that year; if a team from the old AFL wins, the market will fall.

Both the Colts and the Saints qualify as "old NFL", so that is bad news for the bears!

Second, from Bloomberg: Greenspan Says Unemployment Not Likely to Fall Soon

Former Federal Reserve Chairman Alan Greenspan said it is “very difficult” to see U.S. unemployment falling soon and that an economic recovery is “going to be a slow, trudging thing.” He also expressed concern about falling stock prices.

Uh oh, it makes me nervous when I agree with Greenspan, so maybe the recovery will be "V-shaped" and unemployment will fall quickly!

Just joking of course - I still think the recovery will be sluggish and unemployment will stay elevated for some time.

by Calculated Risk on 2/06/2010 11:15:00 PM

A couple of past favorites, standup economist Yoram Bauman (see his classic Principles of economics, translated ) and singer Merle Hazard (Inflation or Deflation? and H-E-D-G-E ), appear in the video ...

by Calculated Risk on 2/04/2010 12:23:00 AM

Jon Stewart on Toyota (link here):

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Toyotathon of Death
www.thedailyshow.com
Daily Show Full Episodes Political Humor Health Care Crisis

by Calculated Risk on 1/30/2010 10:31:00 PM

A little flashback from Jon Stewart: CNBC Financial Advice

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
CNBC Financial Advice
www.thedailyshow.com
Daily Show Full Episodes Political Humor Health Care Crisis

by Calculated Risk on 1/27/2010 10:45:00 PM

NOTE: here is the New Home sales post from early this morning.

Now for a little fun ... this was last night (link here)

ALSO another great segment with Elizabeth Warren.

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Obama Takes On Bankers
www.thedailyshow.com
Daily Show Full Episodes Political Humor Health Care Crisis

by Calculated Risk on 1/23/2010 10:40:00 PM

The Cramer bit starts at 7:50 ... another great Cramer prediction last Tuesday afternoon.

Here is the link to the video.

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Indecision 2010 - The Re-Changening
www.thedailyshow.com
Daily Show Full Episodes Political Humor Health Care Crisis

by Calculated Risk on 1/17/2010 12:51:00 AM

Here is the link to the Colbert video.

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
The Word - Honor Bound
www.colbertnation.com
Colbert Report Full Episodes Political Humor Economy