Quote Of The Day

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Apr 092009
 

The economy is in rough shape – it’s terrible. In fact, you know Snap, Crackle, and Pop?

Well, they were arrested today for selling smack, crack, and pot. ~ Jay Leno

Patriotic Retirement

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Apr 022009
 

This is what Congress should have done which would have saved the Economy and American taxpayers a lot of money!

This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on “How Would You Fix the Economy?” I thought this was the BEST idea. I think this guy nailed it!

Subject: Patriotic Retirement

Dear Mr. President,

There’s about 40 million people over 50 in the work force; pay them $1
million apiece severance with these stipulations:

1. They leave their jobs.

Forty million job openings – Unemployment fixed.

2. They buy NEW American cars.

Forty million cars ordered – Auto Industry fixed.

3. They either buy a house or pay off their mortgage.

Housing Crisis fixed.

All of the Nations financial problems solved!

I don’t know if this is real but it makes sense to me.

George Soros: “I’m having a very good crisis”

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Mar 262009
 

The only way this prick can be making money in this current economic environment is if he had something to do with causing it.

A hedge fund manager who predicted the global credit crunch has said the financial crisis has been ‘stimulating’ and the culmination of his life’s work.

George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.

Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.

But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.

And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.

‘It is, in a way, the culminating point of my life’s work,’ he told national newspaper The Australian.

Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year.

The managers made their profit by trading above the pain in the markets, according to Institutional Investor’s Alpha Magazine.

Former maths professor James H. Simons, who has made billions in hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies.

And John A. Paulson, who made his fortune by betting against the housing market, came in second earning $2 billion.

Source…

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