At the TCM doctor office- at least 20 people in room all who can hear me tell the doctor my health issues - this gives you an idea of what the privacy spectrum looks like in china (Taken with instagram)
Daily chart: youth unemployment. Of the many gloomy indicators generated by the financial crisis in the rich world, the sharp rise in youth unemployment is perhaps the most dispiriting.
Our children will never know the link between the two…
Clusterstock reader comment:
Gordon said: Sep 22, 9:28 PM
When will you fools learn? “If one tortures a dataset long enough, it will confess to anything!” - Andrew Lo
Clusterstock reader comment:
McCain=WW3 said: Sep 10, 5:49 PM
Very nice “we’re on our best behavior” speech from Blankfein, he knows very well that GS could still see clawbacks or other backlash in the U.S. and elsewhere. In other words, he knows where his bread is buttered… Now that the full extent of the excesses of the past 10-15 years will likely not be revisited for a long time, there is no harm in taking this all around reasoned/reasonable position and be the “regulator’s pet”.
I don’t see it as coincidence that Mack announced his retirement today either, maybe Blankfein will follow him before long.
The era of the roaring banksters is over, and shilling ain’t easy… it takes real psychic energy to lie with such a straight face all of the time…
ClusterStock.com reader comment:
name said: Sep 4, 11:14 AM
The fact is that there are very few jobs out there outside of the federal government. Most of those jobs are reserved for former government employees, veterans, and affirmative action cases. I know experienced people with graduate degrees who can’t find a job. Others are taking entry level jobs and paycuts of over 50%.
This is the worst job environment I’ve seen since the late 1970’s to early 1980’s when there was nothing out there. I’ve seen several restaurants in my area shut down and people in the service sector are seeing their incomes drop dramatically.
The government made a huge mistake by bailing out the banks instead of the people.
From Clusterstock.com readers:
Travis said: Aug 7, 5:48 PM
On this news, I predict the stock market will surge.
Bob said: Aug 7, 6:37 PM
And the stock market surges because… . well because the worst is over, I see green shoots, we are an optimistic people, the glass is half full, unemployment is a lagging indicator, because its going to be a V shaped recovery, a U shaped recovery, its morning in America, decoupling from Asia, pent up demand, inventories are down, confidence is back, fundamentals are improving, I really have no idea but I’m paid by the soundbite.
Blurtman said: Aug 7, 6:53 PM
Sounds like a buying opportunity!
From a Clusterstock.com reader:
black swan said: Aug 6, 7:18 AM
Ex-Goldman director, Bolton, when acting as Chief of Staff for Bush, gets Goldman Sachs CEO Paulson appointed to the Treasury Secretary post. Paulson then “appoints” former Goldman Sachs director, Ed Liddy, as AIG CEO. Paulson funnels over $80 billion to Liddy at AIG, and Liddy funnels $12.9 back to Goldman Sachs.
From a Clusterstock.com reader:
yep said: Aug 6, 9:42 AM
That’s great, Lloyd. Now give back the $13 bill in AIG counterparty payouts, end your fraudulent status as a commercial bank holding company, give back the FDIC guarntees and stop helping yourself to the Fed’s discount window which is only for commercial banks (i.e., those that actually lend to the public).
Done? Okay, back to business as usual and now you can pay your people whatever obscene amount you feel fit keeping whatever capital in reserve you desire. Not done? Then shut the F**K UP. You’re a cancerous tumor on the American Economy driving up asset values with taxpayer funds and destroying the free market.
From a Clusterstock.com reader:
Bob said: Jul 29, 2:39 PM
The stock market is a rigged casino. The casino owners (Goldman, et al.) rake in fees on endless transactions from the suckers (average investors) who place their bets and hope to hit it big.
When the casino owners get into trouble (credit crisis) the government bails them out with taxpayer (sucker) money and the system resets itself. The financial media, like CNBC, act as shills for Wall Street and encourage people to to try their luck at the casino.
