June 9, 2009

Should the Fed take away the punch bowl?



Hey, what's that dude putting into the punch bowl?

Ah, don't worry. Just some cocaine. And some heroin. And some shrooms. And some caffeine. And some ecstasy. And some absinthe. And some dark chocolate. And some crack.

24 comments:

Heart said...

Sashers

America sure is going thru a rough patch now, but we will definitely recover

Many other countries around the globe that have been fu@ck by the Eurotards for so many generations from the Middle East to China from Africa to Asia,
are slowly removing the chains and recovering the natural resources that have been raped

The future will mostly be different in that the rotten and evil Europeans will be a lot worst off then Africa is today, will grow and evolve in a healthier way

It is amazing how Europe is destroying themselves without any force from the great people they have abused and oppressed for so many years.

Pay back is sweet, if only the victims would be alive today to witness awesome permanent collapse of Europe.

Good riddance!

Anonymous said...

How will a recession end with $70 oil?

Anonymous said...

If he does, the wheels will fall off the wagon.

Andrew from Russia said...

Yes, they probably should. This time everyone was already lying on the floor soaked with mortgage cocktail by the time the punch bowl has arrived, nobody woke up while the punch bowl sat in the room, and it appears that no amount of stimulant would restart the party anyway. Random convulsions (described as "the recovery" by some optimistic observer) don't count.
Worse, the party was funded with credit, and the credit has run out, meaning NO MORE PUNCH for a long time to come!

casey said...

They should add more booze to the punch.Bring back stated income loans please!!!How can I afford a home with 20% down?Lifes a real bitch right now.I am back to waiting tables at joes crab shack.

DOPES 2 said...

HI YOU FLIPPING TOOLS!!!!

SORRY I HAVE BEEN AWAY, I HAVE BEEN HELPING OUT MY GOOD BUDDY TANGELO MOVE SOME CASH OFF-SHORE!!!!

YOU SHOULD SEE THE FAKE PASSPORT HE HAS, YESSIREEBOB, TANGELO WILL BE LIVING LARGE!!!!

HE KNOWS NOT TO GO THE MADOFF ROUTE, THAT TOOL!!!!

ANYWAY, JUST WANTED TO CHECK IN AND SCREAM AT YOU ALL!!!!

I'M OUT!!!!

TOOLS!!!!

DOLTS!!!!

DOPES!!!!

Dr. Huxtable said...

Stock market is so rigged.

Plunge protection team is in full effect propping up and driving up this market.

There is no way that the high market volatility dropped to its current lower levels based on natural market forces. The govt is trying to buy confidence.

Let Them Eat Cake said...

RE NEWS: The three Indiana funds hold $42 million in loans made to Chrysler and would recover only 29 cents on the dollar under the proposed Fiat-Chrysler deal.

"As an economic matter ... blocking the transaction would undoubtedly have grave consequences," Kagan wrote.

Kagan cited estimates that Chrysler is losing $100 million per day. (YIKES!)

The consultant said such a delay could cause widespread bankruptcies among its suppliers.

Some bankruptcy and auto industry experts said Monday that the Supreme Court action could cause problems for General Motors' own bankruptcy case.

****************************

OMG!!!!!!

JUST WRITE THEM A F*CK'N CHECK FOR $42 MILLION AND GET THE SHOW ON THE ROAD!

THE PRINTING PRESS IN D.C. IS RUNNING FULL SPEED 24/7!
$42 MILLION IS NOTHING!

It's just green paper!

vanilla ice said...

End the Fed. End the Punch Bowl. They should have never been there in the first place. Absolutely criminal.

"June 9 (Bloomberg) -- The Federal Reserve was subpoenaed by the House Oversight Committee for e-mails and documents related to Bank of America Corp.’s purchase of Merrill Lynch & Co. after the panel was unable to obtain them through a request last week."

Anonymous said...

The crack dealer never deprives the junkie of a fix and will often accept oral or a underage child in place of cash.

walmart is hiring said...

Walmart is hiring so the recession is over.Go get you blue aprin and yellow smiley face and kiss your ass goodbye!!!!!

Paul E. Math said...

Yes, remove the punchbowl.

Return us to sound money policy.

Take the pain, face our fears.

We will learn to save and live off savings.

We will have fewer possessions but they will be more meaningful because had to wait for them.

It's called deferred gratification.

Anonymous said...

Hey Keith,

You're always on about how the recession is over and how Obama's stimulus plan was a grand success.

What do you think of Denninger's analysis? Is he just some crazy kook in your mind?

-Gonzo

Dr. Huxtable said...

Holly shit!! Funniest thing I have ever seen.

FedEx lashes out at UPS Bailout!!!

http://www.brownbailout.com/

Anonymous said...

Hey Keith,

Here's a little more info for you:

Seeking Alpha: Unemployment is NOT a lagging indicator.

-Gonzo

Angry Leprechaun said...

Interesting read here.

http://www.billingsgazette.net/articles/2009/06/09/news/state/21-stimproject.txt

Who has their hand in the cookie jar next to the punch?

Angry Leprechaun said...

Yawn! The feds are fucking up again by being involved in what our forefathers foresaw. This is why we have that piece of paper that says "Constitution" on it.

I got your back Keith. I will say it so you don't have to. "Obama had to do it, he had no other choice!"

Horse Crap

Angry Leprechaun said...

"Obaman Can!"

http://www.youtube.com/watch?v=zhhkF3dqXR0&feature=player_embedded

Maybe he will just "F" it up unmtil he gets it right?!?!?!

Anonymous said...

I think that we need to take the FED away from the punch bowl. They've clearly had to much already!

Weekend at Bernanke's said...

MORE SCARE TACTICS:

The US government and Fiat have warned that Chrysler could go out of business as soon as next week if the Supreme Court does not quickly reject an attempt by three Indiana pension funds to block the bankrupt carmaker’s restructuring.

...

Fiat raised doubts in its filing whether it would be willing to extend its deal with Chrysler beyond the June 15 expiry date, given the continuing erosion in Chrysler’s value.

Chrysler’s plants have been closed since it sought Chapter 11 protection on April 30. With revenues at a virtual standstill, the company is bleeding $100m in cash a day.

“Chrysler could well be forced into liquidation if the sale transaction is not completed on or before June 15”, Fiat said.

In addition, the US solicitor-general raised the possibility that the US government may not be willing to continue funding Chrysler much longer.

“If the closing is delayed by more than approximately ten days, a sufficient amount of the current commitment of debtor-in-possession financing from the US will have been consumed as to require the government either to increase its overall funding to the detriment of taxpayers, or to abandon its role in the transaction”.

Fiat added that “as opposed to the purely monetary interests being pursued by the Indiana pensioners, there are literally thousands of others who will be irreparably harmed if the sale transaction is not completed and Chrysler goes into liquidation”...

---------------------

Good thing Fiat is not motivated by "purely monetary interests".

Please excuse me while I puke.

How many times do we have to bail out Chrysler. This is like a bad horror movie where the dead refuse to die.

They are already broke. let them go under, PLEASE!!!

Anonymous said...

Keith,

You forgot to mention the latest Turds to be added to the punch bowl, Chrysler and GM, floating around in there along with AIG, Citi, BoA, etc.

YUM, YUM. What a tasty punch!

Anonymous said...

.



NO !

Just take the Turd out of the Punch bowl!



.

Anonymous said...

What could possibly go wrong with this plan?

Anonymous said...

Federal Reserve Hires Old Enron Lobbyist

"...help the Fed manage relations with lawmakers seeking greater oversight...

..."...Fed is going to have a tricky time of unwinding what has been done” and will need to “keep in touch with members of Congress more thoroughly,”...

...considered for a senior post under Geithner at the Treasury but ran up against the Obama administration’s restrictions on hiring lobbyists..."