Professor Mark J. Perry's Blog for Economics and Finance
Some recession humor from "The Onion."
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
11 Comments:
Are you referring to the last election day?
No one queues up more quickly an willingly than a socialist
"Drawn by a strange force they could neither resist nor describe, millions of Americans reportedly dropped what they were doing Tuesday and, acting as if by instinct alone, gathered into one massive nationwide breadline"...
Sadly this yet another occassion where the Onion gets it wrong...
The people aren't actually in a bread line but in line to get the last of the incandescent light bulbs since CFLs suck, I mean really SERIOUSLY SUCK, hence the line of people with the look of concern on their faces...
Six weeks after being swore in, Obama still does not have a plausible plan to address the current financial crisis. What he presents instead is a radical transformation of the U.S.
If President Obama gets his way, the largest economy in the world will likely be in the dumpster for a very long time.
"If President Obama gets his way, the largest economy in the world will likely be in the dumpster for a very long time"...
Yes indeed...
Consider how its worked out so far...
The Dow Jones from Nov. 5, 2008 (9139) to Mar 5, 2009 (6594) has dropped 2545 points...
Now that's some serious hope & change at work...
At the rate this is all working out we'll end up emulating this African paradise with the same sort of dysfunctional feng shui in the urban areas...
I just spoke with my CA who has extensive business contacts in the financial services industry. He says that across the board, there is agreement that the market will continue to decline a further decline 20-30%.
Of course, these are likely educated guesses. It is interesting...alarming perhaps...but interesting.
Unfortunately, we have the least experienced presidential candidate in history in the most powerful job on earth facing the most difficult global financial crisis in 70 years. The stock market is the least of our worries.
4.4 million americans have lost their jobs in this recession so far
you could hire all of them and pay them $36,000 a year and it would only cost
160 billion dollars!!
only 160 billion to hire all the people who have lost their jobs
But it is better to spend 1.5 trillion as the unemployment just keeps going up
where is the money going?
I don't know about you guys but I feel great about having 20 million illegal aliens in this country.
So that we are clear as to how we got in this mess - watch this
"No one queues up more quickly an willingly than a socialist"
Unless you are talking about American business lining up to suckle on the government tit.
_1_, while I don't like government mandates, the fact is newer CFLs are less expensive and last longer than those of '05 and '06 which didn't live up to their long-life claims - and even those first-gen models that lasted just a year or two probably broke even with electric costs.
Every Home Depot has a recycling bin for CFLs right inside the front door or at customer service - they don't care where you bought them. And if you are sensitive to light color (the complaint of your two individuals from 2007 you linked) try a more expensive model or use non-outlawed halogens that still save electricity - check the Consumer Reports 2008 review of energy-saving bulbs.
No savvy homeowner should be buying traditional incandescents for most use.
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