Fiscal Insanity
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-12-10 16:23
by Karl Denninger
in Blogtalk
Ignore this thread
Fiscal Insanity
 

Gotta keep at it, including the latest idiocy -- and who knows what's really going on.  Hint: The list includes some very interesting people....

http://blogtalkradio.com/marketticker at 3:30 this afternoon!

Discussion below (registration required to post)
 

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User Info Fiscal Insanity in forum [Market-Ticker]
Visualcsharp
Posts: 343
Incept: 2009-12-19
Silver
Round Rock, TX
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Great show, Karl. What's really funny is that before I started listening to you tonight, I wrote two Yelp reviews for area restaurants (Zorba Greek Restaurant and Mandola's Italian Market) where I lamented what is undoubtedly margin compression being passed on to me, their customer. It's really depressing; eating out with my family is one of the few things left on which I enjoy spending money. I'm just about ready to take my ball and go home, and I can't be the only one.

Here are links to my reviews so you can feel my disappointment:

http://www.yelp.com/biz/mandolas-italian....
http://www.yelp.com/biz/zorba-greek-rest....
Bertdilbert
Posts: 2666
Incept: 2008-12-22
Gold
CA
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How many bankers went to jail? How many monopolies will get fixed? It is the same underlying problem of wheelbarrow of money.

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Sean
Posts: 1766
Incept: 2009-04-21

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I really miss eating out!

/sarc off

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* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!
Magus
Posts: 1980
Incept: 2008-05-04
Gold
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Visual--I highly recommend shorting the **** out of any establishment that has a very large % of sales from beef / hopefully you can make enough to take the family out for dinner

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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

-~~Ludwig V
Sean
Posts: 1766
Incept: 2009-04-21

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I just got through eating a 1.2 lb chuck beef roast grass-fed from the local farmers market after it was in the cock pot for 12ish hours - oh yea baby damn it was good! - total cost ~$9.

How much would that cost at any restaurant (even if they served local grass-fed beef and cooked it for 12 hrs which is highly doubtful)?

I do not know but a lot more(!!!) than $8-$9!

----------
* I think Ann Barnhardt is more and more right. God help us!
* Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them.
* A hot civil war is coming.
* And people wonder why I prep!
Visualcsharp
Posts: 343
Incept: 2009-12-19
Silver
Round Rock, TX
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Magus, the problem isn't making enough (I am pulling in a nice wage from my contract work). However, I still know the value--albeit ever-decreasing--of a dollar and I simply can't justify spending $12 for a half-full bowl of mediocre ravioli. The reason it upsets me is it didn't used to be this way! These past couple of years have obviously put a huge strain on restaurants. I'll stick to Lone Star Bakery's world-famous Round Rock doughnuts. Less than a buck each and 10x better than anywhere else.
Genesis
Posts: 130798
Incept: 2007-06-26
Admin A True American Patriot!
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Sean: Yep.

I grabbed a nice oven roast Saturday afternoon and Sunday morning stuffed it in the smoker. That afternoon, for under $10, I fed three and we were all plenty full.

It was ****ing GOOD too.

A couple of days earlier I tossed 2lbs of boneless pork ribs in the same smoker and about 4 hours later ate those with the kidlet. They were on sale; total cost was about $5.

That's REAL food and for those who say that for $150 a month you can't do it for a single person, oh yes you can. What you can't do is have all sorts of bull**** crap that is more akin to poison than food.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Markgoldman
Posts: 1241
Incept: 2009-01-13
Green
Canuckistan
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Grass fed beef, because its the only way to be sure.
Inline

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Consent Withdrawn.
Drkshapiro
Posts: 634
Incept: 2012-09-12
Gold
Southern CA
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KD, nice radio ticker.

OK, resident near-vegan, enviro-whacko here--(I crave a good steak but rarely eat one). Want to save money AND the earth?

I get these 25-pound bags of organic pinto beans, another of garbanzo beans, another of adzuki beans and one of brown rice. We eat these 4-5 days a week. Lots of protein, very little cost. Less trash waste and shopping (gas and all that) too.

No joking about gas from the people, because when you are used to eating this the body doesn't rebel.

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Don't let a kid drink til they're 21, but let 'em go to other countries and kill people, that's alright. --G Celente
Digitalcolony
Posts: 561
Incept: 2007-07-09
Green
Seattle
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Speaking of cheap protein. Here is my breakfast. Potato soup with insects (silkworm larva aka "ground cucumber").

inline

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Without wage inflation this bubble is gonna burst. - Cgbgjr
Drkshapiro
Posts: 634
Incept: 2012-09-12
Gold
Southern CA
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Digitalcolony, excuse me for asking (incase you actually eat that), but you are kidding, right?

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Don't let a kid drink til they're 21, but let 'em go to other countries and kill people, that's alright. --G Celente
Digitalcolony
Posts: 561
Incept: 2007-07-09
Green
Seattle
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Nope. I really ate this. Has a nutty flavor. They sell them in Vietnamese grocery stores.

Put them in the food dehydrator for 2 hours and then toss them in a soup or salad.

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Without wage inflation this bubble is gonna burst. - Cgbgjr
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