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Posted on December 26, 2008 | by Ed

I'll have more to say in the near future about the economic outlook for 2009, but let's go ahead and assume that it's a bad sign when state governments have to start asking Uncle Sam for emergency loans to pay unemployment benefits.

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Gin and Tacos

16 hours ago

Gin and Tacos

I'm sorry but "Peter Magyar" sounds like the one Hungarian kid at hogwarts. Not a real person. Sorry. Might as well vote for Janos Goulash. Laszlo Paprika. Jozsef Budapest. ...

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Gin and Tacos

1 day ago

Gin and Tacos

Three (OK, four, but I'm deferring one for its own post) illusions that have been killed off for good by the disastrous Iran debacle, and musings on society as a gray market casino where cheating is encouraged because the bettors are only ripping one another off.

If you've been on the fence about subscribing, this is a good one to take the plunge on. It's all of $2, half the cost of a PBR.
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THE HOUSE DOESN'T WIN IF IT LETS YOU CHEAT | Gin and Tacos

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Gin and Tacos

2 days ago

Gin and Tacos

Even if the strait reopened, which it hasn't, and the war ended, which it hasn't, there's a backlog of 1000+ ships waiting to get through Hormuz, major damage to oil and gas infrastructure, and a supply chain disruption (especially for fertilizer) that will take months to unravel in the best case scenario.

Today's big "market rally" was just hopium, poor reading comprehension, and shorts covering in a trench coat. It won't last the week.
...

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Gin and Tacos

3 days ago

Gin and Tacos

We won’t really feel the satisfaction of a complete narrative arc until we see tomorrow morning’s inevitable story about a new Polymarket account called “whitepwr_wifeleftme69” who signed up at 4 PM today and made $6 million ...

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Gin and Tacos

4 days ago

Gin and Tacos

Chat, what happens when the boy who cries wolf is also the wolf ...

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