The sales data is starting to trickle in and it looks like black Friday and Cyber Monday turned out to be marginally better than last year.  This could still mean that retailers did not make very much profit due to discounting, but the American Consumer appears to still be alive…

We’re doing our part to keep track of all the rosy predictions being issued by people with a vested interest in maintaing inflated real estate prices.  Congratulations Christopher Joye - You’ve made our list.  We been arguing for well over a year that the Australian real estate market is going to collapse on itself.  We [...]

You really have to read this shit.  Hank Greenberg, the felonious serial corporate abortionist that gave us AIG has written an op-ed in the Wall Street Journal.  Mr. Hanky has decided to bitch and moan about the sweet deal that Citigroup recently received by comparing and contrasting it to the deal that fucked his beloved AIG.  

I really hope this is a red herring.  Obama has reportedly ordered a 30k thank you ring made from rhodium, the worlds most precious metal for his wife.  If Obama is dumb enough to splurge this kind of cash on a superfluous gift to thank his wife, then this country is in for a serious ass fucking. [...]

…and China is playing the role of America. Yves Smith has conducted some very interesting analysis of the situation and makes a fairly convincing argument that China is now playing the role that America once did. I suggest you all have a read: China’s Smoot Hawley?
This would really not bode well for Australian [...]

Ever been to a really shitty party?  You really want to leave but you friends keep telling you that it’s going to get good. You try to drink yourself into having fun, but only end up drinking yourself sober.  So now you’re too drunk to drive, not feeling all that well, and stuck at probably [...]

Sometimes we do stupid things.  Actually, we do really stupid things all the time.  Occasionally we do something so patently stupid that we must defend our actions to the death.  Welcome to predicament that the GOP finds themselves in.  Kind of like that time you banged that tranny hooker and tried to play all cool [...]

There are thousands of stories running right now about things that the Obama Administration should do in the first 100 days.  No one at HC is a policy expert of any kind, and we all have very little experience in governmental affairs.  You see, we’re armchair douchebags.  If there is one thing we are acutely [...]

“BRIC” stands for Brazil, Russia, India, and China.  So we can mark Brazil off the list of “BRIC” countries that have had financial market assisted suicide.  Time to go long on coffins and formaldehyde.
SAO PAULO, Nov 17 (Reuters) - A Brazilian trader shot himself on Monday in the open outcry pit of Sao Paulo’s commodities [...]

I’ve gotten a lot of complaints that it’s hard to get worked up about financial markets. They seem so foreign and distant that people have a hard time relating to them, kind of like the French. The fact is financial markets are just like people. They can be rich, they can be [...]