Use access key #2 to skip to page content.

moneymcbags (< 20)

2/8/10 Midday Report: Debt crisis forces EU to pull Super Bowl ad, can only afford to broadcast it on new 24 hour Michael Bolton Hip Hop Channel



February 08, 2010 – Comments (4) | RELATED TICKERS: WGO , GOOGL

The market opened down again before bouncing back a bit as people are more worried about Europe's debt problems than they are about global warming, health care spending, and that thing on Drew Brees' face.  The President of the EU's Central Bank, Jean Claude Trichet (and it must be pointed out that his name is an anagram for "tend rich ejaculate," which is exactly what he is doing by tending to the crisis caused by an overspending splooge filled orgy by the already rich European bankers), is steadfast that Europe's debt problems are not an issue and budgets can be cut but he has as much sway on how Europe's countries operate as James Polk did over the Treaty of Guadalupe Hidalgo (Shout out to Nicholas Trist. Word word).  The point is Monsieur Trichet can recommend whatever he wants and can publicly fellate Greece/Portugal/the whole Iberian Peninsula until he is blue in the face (pun completely intended), but it will likely come down to the countries of the EU acting in unison to bail out a country (or several) which are irrelevant to them.  The EU is the ultimate free rider system for small countries like Greece to continually take risks since there are no real political repercussions as the rest of the EU has exactly zero votes in any Greek election or Greek policy.  So when Monsieur Trichet said over the weekend when being asked questions about Greece: "I doubt that, in a press conference, Ben Bernanke would have a question on Alaska or Massachusetts," that was a completely bogus, non-sensical, and irrelevant remark because Bernanke/the US Federal Government could absolutely f*ck with Alaska or Massachusetts while all the EU can really do to Greece is tell them their kabobs were a little dry and to "maybe not suck so much at  managing your budet."  Any other line of action could potentially lead to a complete disbanding of the EU and that would be about as helpful to the global economy as Mr. Horton was helpul to Arnold and Dudley in picking out bikes in that very special Diff'rent Strokes.  The problem is that the EU may simply prove to be pareto inefficient, like lesbian porn where somehow adding a money shot would make everyone better off.


In US news, a flurry of blue chip upgrades are keeping the market from continuing it's sell-off.  Google was upgraded by

4 Comments – Post Your Own

#1) On February 08, 2010 at 1:15 PM, moneymcbags (< 20) wrote:



bottom's up.

Money McBags

Report this comment
#2) On February 08, 2010 at 1:21 PM, brickcityman (< 20) wrote:

I ask this only partially in jest...


Are you the TMF persona for Dennis Miller?


I thoroughly enjoy reading your posts, even if just for the snorts and giggles...  My only critique would be to post your full thoughts here instead of trying to drive ad revenue over to your site... its sorta annoying and sometimes my internet filters keep me from reading what else you have to say.

Report this comment
#3) On February 08, 2010 at 3:37 PM, moneymcbags (< 20) wrote:

Mr. Cityman (if that's your real name),

I much prefer to be thought of as the Comedy Channel's Jeremy Grantham (though with fewer wrinkles and less British), than TMF's Dennis Miller, but just to be thought of at all is an honor.

As for your critique,  I don't actually have ad revenue on my site yet, as it is still in beta mode (and trust me, that was funny).  I would like to eventually be able to pay a bill (just one though, but a really really big one, like the one I owe a certain business school) with all of the free dick jokes and market/stock analysis that I offer so driving traffic to the actual blog is something I need to do.  I know it is a bit of an inconvenience, but then again, so is sleeping and we all do that for like hours at a time. 

In order to keep you from having to waste the valuable nano-second to click over to the blog from here, just bookmark it and check it out daily (updates usually between noon and one thirty, depending on who is on Oprah that day).  And if your internet filters for some reason don't allow it, then blame Al Gore for how he designed the stupid thing.

Anyway, I'm glad you are enjoying the humor, and if you really like the blog, feel free to pass it around like a drunk freshman girl with low self-esteem and few extra pounds.  Or write your local congressman.  Either one will do. But the more traffic I can get, the more time I can spend making Dick Fuld jokes. 

To the pain,

Money McBags

Report this comment
#4) On February 08, 2010 at 4:01 PM, brickcityman (< 20) wrote:

I would demand a refund whatever business school it was you attended...  Here you are giving away your product without a way to capture any revenue!  


Why link back to your blog without any ad revenue? 


Lemme guess....  "its about establishing a presence, and developping a following..."  Well you know what, you can do that and still have unobtrusive ads.  If you are concerned that ads will scare people away, well then springing them on them later on will only make matters worse.


Just beware the google ad machine...  I have a friend who is working on some startup sites (mosty for fun) and Google let him think they were keeping track of the money they owed him and as soon as he was ready to collect his first check they told him that the traffic patterns on his site violated their terms of use.  They provided no more information than that and would not answer any questions.  So his respect and his hard earned "internet dollars" were lost in the process.

Report this comment

Featured Broker Partners