Skippy

During the first Great Depression, rugged and durable denim work jeans were often promoted as clothing to be primarily worn by working people, but, just as in The Second Great Depression, sales of clothing declined as a result of unemployment. Thus the promotion of haute couture work clothing was often seen by the consumer as a sort of cruel hoax. This mean-spirited clothing baiting reached its zenith when clothing companies refused to employ fashion models for advertising campaigns and fashion shows. The use of fashion raccoons, was a slap in the face to most, though not all supermodels who as a group collectively boycotted wearing clothing (as much as possible) which eventually resulted in a societal shift towards utopian pragmatism and hence the liberalized lifestyle which evolved after The Bush Depression. This era has often referred to as Shambhala ll.

In September 2007 Claudia Schiffer, when talking about her failing modeling career, said: "supermodels, like we once were, don't exist any more".

It was statements like this from Ms Schiffer that seemed to pierce the communal fashion bubble which had floated like a zeppelin for many years. The tsunami of cheap and easy fashion labor ultimately opened the global fashion runway doors to opportunistic and hungry raccoons and their management.

>> Do I have to keep doing this?

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vhU1YsklcydQ.asf

On that cherry note, happy thanksgiving to all

Those that need to refi that could use some additional cash probably live in regions, i.e. calif that have experienced the largest drop in home values. Hard to refi when your existing mortgage exceeds or equals your home market value but given the direction of this bail out anything is possible.

replace private leveraged credit creation with gov’t funding in order to jump start those shop till you drop consumers who have suddenly gone to sleep.
Its over and these very small blips will provide some cushion as the GDP shrinks along with those we used to called employed.
Obama needs to find a new set of economic thinkers quick or he will be a one term wonder.

That raccoon would have no problem running off with your wallet and wife, let alone trousers, if he could.

The business about the FDIC insuring bank bonds (Goldman now) really burns me up. The FDIC’s charter is to provide DEPOSIT insurance, not to be the government’s version of AMBAC. So Goldman gets a 100-150bp subsidy (200bp spread minus the 50-100bp in FDIC fees depending on maturity) on their borrowings because they’re backed by the full faith and credit, while offloading their risk onto the taxpayer, and what do we (taxpayers) get?

Well, there we have it, in black and white; we are embarked upon The Adventure. I would but wish that, as billed, this is the Voyage of the Dawn Treader. Everything in me but the lingering romanticism like the patina of sherry in my empty glass says that this is Ship of Fools, however.