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I say hilarious because the fine folks at Across the Street did a great job showing the increasing disparity between debt and income in the US: Source: Across the Street And here’s the full article: Understanding the National Debt (Sesame Street Edition) Hat tip Carson for sending this along.
Great piece by Clay Shirky entitled “The Collapse of Complex Business Models.” It’ll make you think, for sure, as Clay points out the mysterious tendency of complexity to simply collapse throughout human history – think Romans, Mayans, etc. Sometimes the more a society or sector advances, the stronger the pull back towards simplicity – with […]
Despite the self congratulatory nature of the financial media in the recent weeks and months, I remain highly skeptical that the worst is indeed behind us. Down in the trenches of daily economic life, I can’t find any noticable signs of improvement. In fact, the only thing that seems to have changed is a sharp […]
Having trouble keeping track of the government’s runaway spending. You’re not alone! Check out White House Press Secretary Robert Gibbs, as he talks about the budget deficit in “billions” mistakenly…and is later corrected that he should have said “trillion.” Hat tip to The Casey Report for their link to this amusing gaffe.
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