Funny side - Orble

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It's a cruel world if you are an American car. The rest of the world laughs at you, and far too many of your own country men and women prefer sleek European and cost-sensible Asian cars to make you profitable.

But surely this is going too far. In your darkest hour, people make fun of you.

What really hurts, of course, is the large grain of truth.

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Posted By: Chris Champion - Category: US car industry bailout, Funny side

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Marc my words

October 17th 2008 02:01

Dr Doom, aka Dr Marc Faber

Dr Doom has done it again. Dr Marc Faber, the affable Swiss-born, Hong Kong-residing investment guru, has a way with words which means he will never have to spend a dollar promoting himself or his fund management business.

They call him Dr Doom because he's a glass half-bear kind of market watcher. It's not an epithet he minds - he has a web page called GloomBoomDoom and a widely read monthly newsletter with the same name.

He has been in America lately, it seems, commenting on anything and anyone that crosses his radar. Not surprisingly, he had an opinion on the much-hyped and much-hiccoughed US economic bail-out scheme. The collective chuckling which can be heard from the high-rise corridors of investment banks around the world recently is the result of the arrival of emails sharing these Marc Faber words:

“The federal government is sending each of us a $US600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs.

"If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy.

"The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.”
Faber portrait: www.josefpolleross.com

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Posted By: Chris Champion - Category: Funny side

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Lehman staff in it for the hoot

October 7th 2008 01:39

Some Lehman Brothers senior management stand to make millions in the next few months helping the failed bank’s liquidator unwind its trades, according to a report in today's issue of The Times (link).

According to the report, the work will be covered by Nomura, the Japanese bank that is buying large chunks of Lehman, in a deal hammered out by PricewaterhouseCoopers, Lehman’s administrator.

The Times reported Nomura as saying yesterday that it would hire more than 150 of Lehman’s fixed-income staff for the work.

They are pictured above reporting for duty.

Funny side - moneywhither

Grim grin at US car bailout

Marc my words

Lehman staff in it for the hoot

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