The New York Times != iTulip

[ricket]

http://www.nytimes.com/2009/01/29/us...ss.html?ref=us

Saving, or paying off debt, might make sense for individual households, but what the economy needs most is for people to spend money, helping stores to sell more, factories to produce more and employers to avoid cutting additional jobs.

I almost spit my drink out at this comment. Up until now, I always thought of the New York Times as somewhat goofy, somewhat credible, but never this flat out wrong (Im sure others will yawn at my naivety). But wow, I couldnt believe this was actually in print.

:eek:

[doom&gloom]

Re: The New York Times != iTulip

The fawning press at the NYSlimes fails to see the pork & payback spending being done by Obama's Pet Yorkie (Pelosi). They probably think this is a good thing.

For all the lefties who ran around screaming about the 'rush to war', how do you feel about the 'rush to spend'?

[tsetsefly]

Re: The New York Times != iTulip

http://www.nytimes.com/2009/01/29/us...ss.html?ref=us



I almost spit my drink out at this comment. Up until now, I always thought of the New York Times as somewhat goofy, somewhat credible, but never this flat out wrong (Im sure others will yawn at my naivety). But wow, I couldnt believe this was actually in print.

:eek:

but that's the way to prosperity, its to spend! they must of loved George Bush and his massive spending...

I dont know if to even classify this as keynsian but the belief in ameria that an economy spends itself to prosperity is falling flat on its face now, which is why its more unbelivable that we see these articles...

[ax]

Re: The New York Times != iTulip

http://www.nytimes.com/2009/01/29/us...ss.html?ref=us



I almost spit my drink out at this comment. Up until now, I always thought of the New York Times as somewhat goofy, somewhat credible, but never this flat out wrong (Im sure others will yawn at my naivety). But wow, I couldnt believe this was actually in print.

:eek:

Hey, let's not be so hard on the Times. It's been good for 2 things. It's where I first learned of Itulip in a small snippet and it's been a profitable short.

[GRG55]

Re: The New York Times != iTulip

but that's the way to prosperity, its to spend! they must of loved George Bush and his massive spending...

I dont know if to even classify this as keynsian but the belief in ameria that an economy spends itself to prosperity is falling flat on its face now, which is why its more unbelivable that we see these articles...

Given that everyone and his dog, including inflation-phobic Germany, have been rolling out government stimulus packages, it would seem that this belief is far, far more widespread than "America". If the USA is going to hell, it seems certain most of the rest are following right behind. "Rocks" and "glass houses" comes to mind about now...

[bobola]

Re: The New York Times != iTulip

For the most part, iTulip is pretty much as it was when it shut down, though with some added features. It even looks as if it were designed in 1998, the year the original site started.

One big change, though, is that it is not nearly so funny. The original was meant as a parody of dot-com cheerleaders (with sections called Know Your Mania and Depression). The new site, run by Eric Janszen, a technology executive, is far more serious, even grim.

Fred, would it be possible to start a humor corner here? Something like financial cartoons, or bizzare quotes from folks like Cramer or Phil Gramm?

Ax, is the NY Times article you refer to..??

http://www.nytimes.com/2006/03/18/te...eady.html?_r=1

[goadam1]

Re: The New York Times != iTulip

Buy a car and throw it in the river. Buy a house and burn it down. Throw out your good shoes for newer shoes. Eat food and throw it up and eat more. Help out, do your part.

[tree]

Re: The New York Times != iTulip

"Saving, or paying off debt, might make sense for individual households, but what the economy needs most is for people to spend money, helping stores to sell more, factories to produce more and employers to avoid cutting additional jobs."---NYTimes

Maybe I'm having a mentally slow day, but I don't see what's so dumb about the above. When people with money, enough-money-for-the-rest-of-their-and-their-children's-lives kind of money, start tightening their belts and haggling over prices--and that's what I've been seeing--we are doomed, I tell you, doomed. The money will stop moving, layoffs and unemployment will explode, and social chaos will ensue.

Coming soon to a major city near you. Popcorn, anyone?

[jtabeb]

Re: The New York Times != iTulip

Buy a car and throw it in the river. Buy a house and burn it down. Throw out your good shoes for newer shoes. Eat food and throw it up and eat more. Help out, do your part.

Priceless!

[ax]

Re: The New York Times != iTulip

nope, something about the next bubble, may have been WSJ actually...

[strittmatter]

Re: The New York Times != iTulip

Buy a car and throw it in the river. Buy a house and burn it down. Throw out your good shoes for newer shoes. Eat food and throw it up and eat more. Help out, do your part.

What if our government, let's say, mandated that all consumer products shall henceforth have an expiration date, like construction hardhats do?

discard, repurchase, repeat................

In such a silly sad state of affairs are we.

(stole this from a posters signiture on another site) - Dear government, I don't think you could have screwed up any worse if you had tried - so I'll assume you did.

[goadam1]

Re: The New York Times != iTulip

I expect "green" legislation to mandate the purchase of clothes without a chemical in it or energy efficient fridges and coffee makers. Also, expect "smart" utility meters that require rewiring your house and updating appliances.

We will consume!

So say we all!!!

[goadam1]

Re: The New York Times != iTulip

How about you have to buy a car with better mileage or pay as sin tax?

[antiserf]

Re: The New York Times != iTulip

Buy a car and throw it in the river. Buy a house and burn it down. Throw out your good shoes for newer shoes. Eat food and throw it up and eat more. Help out, do your part.

Another itulip first: the bulimia economy supplants the FIRE economy!

[LargoWinch]

Re: The New York Times != iTulip

Fred, would it be possible to start a humor corner here?

See "rant and rave" section...