Selected in the top 100 Economics Sites

Follow me on Twitter

Sunday, February 22, 2009

Three mortars + ten seconds = 144 virgins. Joe Jihadi has a Bad Day Part VIII

Don't look if you don't wanna see two stoops do themselves in.

By the way, why is it 72 virgins? Why not 39 or something a bit more manageable? I'd be happy with one dirty girl from Paris.


nursebee said...

RP- F A Hayek would perhaps argue against some of the fedspeak propaganda going on in Washington. The anti-American, anti free business dealings of late make me angry and wish that we had better leaders. As an irregular reader of your blog, I get the sense that you would love it if Big Ben would call you for a job offer (you seem to agree with the current thinking a lot).

Ron Paul, Thomas Woods Jr. would argue that fed/treasury intervention caused this mess and that the role of such entities needs to be reduced or eliminated and allow the free market to behave. I hope you will comment on these thoughts in a blog entry.

Are you still holding BAC and JPM?

I hope you are still teaching, you brought economics to life for me.

Anonymous said...

I heard it through the grapevine that the correct translation is actually 72 grapes/raisins.

Randall Parker said...

Ok then...grapes. They are one of my favorites.

Randall Parker said...

Nursebee: Thanks for the buzz and the kind words. Hayek is roiling in his grave and should be as we are now back on the "Road to Serfdom" after a 37 year hiatus. Don't get angry yet, we are just getting started.

Of course, if Uncle Ben called, I would answer that call. But I am not by the phone waiting for it to ring. The Governor of South Carolina did call though. Does that count?

I still have BAC and have not bought JPM but would if I had any money. I don't. I spent my last $$$ on PFF and am rrrrreal long in EPM. I recommend both highly.

Anyone who would advocate a return to the gold standard cannot be taken seriously.

derekp said...

In the absence of leverage (33/1) it will be difficult for banks to get back to their former selves. Bac and JPM must now depend on gaining market share in order to grow. With limits on deposits I think bank stocks are a bad bet right now. This does not mean they will not rise from the dead levels that are currently sitting at but that the will never return to the prominence of the past few years.

I do not have the knowledge or expertise to pick individual stocks but think BBT is a much better bet than the others listed above because they have the same P/E ratio without all the toxic assets.

Randall Parker said...

Yea but they don't have Jamie Dimon....

John said...

This is my favorite of the Bad Day series because some idiot is shouting the Takbir ("Allahu Akbar" = "God is Great") just as the two fools blow themselves up. I judge by actions, so I conclude that the guy shouting was right: God really is great.