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Zero Hedge Announces New Partnership With Google

Marla Singer's picture




 

As you will no doubt be aware, a large portion of our energies here at Zero Hedge are devoted to developing new products and services for our readers.  In this tradition, we are pleased today to announce a new partnership with Google.

Zero Hedge's dedication to providing our readers with transparency and insight into all matters financial bleeds readily into the related goal of increasing the public understanding of finance.  Finance, of course, is a language of its own.  Rich and complex, finance can boggle even the most astute minds with its winding prose and (in the United States) strong propensity for rose colored lensing.

With these issues in mind, Zero Hedge has been quietly working on a series of translation modules for the Google family of language tools.  Today, we would like to share with you some screenshots of our work on the "Budget" translation module.

The much underutilized blog of the Congressional Budget Office is the outlet for the CBO's monthly budget review discussion.  Taken from daily treasury data, these offer unique insight into the realities of the fiscal picture- and are therefore totally ignored or marginalized by the current administration.

The two examples below (click to enlarge) are from the just-released November Monthly Budget Review.  We think you will find them helpful and an essential tool to breaking down the language of the budget and its processes in the United States.  As you can see from the shots below, we continue to work on simplifying translation of difficult concepts and we look forward to implementing the Budget translation module in full on Zero Hedge in the upcoming months.

 

 

 

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Sat, 12/05/2009 - 20:01 | 154112 spekulatn
spekulatn's picture

"Rose colored lensing." 

 

Well said Marla.

Sat, 12/05/2009 - 20:15 | 154119 deadhead
deadhead's picture

Oh my goodness... that is some very, very funny stuff.

There are toooo many gems to highlight....i'm going to continue re-reading and see if I can force myself to pick out the best.

I am forced to admit as a 54 yr old that I am part of the Most Selfish Generation yet I have never been unfucked.

p.s. is that "hippie, woodstock, pot smoking generation" thingee a warning that my avatar may be sent the way of the paper formerly known as the US Dollar? Then again, maybe you youngsters don't know what a "stealie" is, lol!

 

Sat, 12/05/2009 - 21:15 | 154162 WaterWings
WaterWings's picture

I've been recently cured of my MSG loathing. I made some videos for YouTube, posted them on InfoWars forums, and noticed suprising results: 60%+ of viewers were within 10 years of 60 - and I received a 4.5 star rating for two out of the three - the other, my first, with the second most views (just over 8,000) is rated at 5 stars.

In fact, I found ZH because someone posted my videos on the forum here; I investigated where all the views were coming from. It would seem to me that the demographics are around the same. Your generation has made plenty more sacrifices than mine.

Thank you. Especially Miles Kendig.

Sat, 12/05/2009 - 22:23 | 154189 Steak
Steak's picture

yeah only good things seem to come from that miles fellow

Sat, 12/05/2009 - 23:06 | 154216 Howard_Beale
Howard_Beale's picture

You have stopped loathing Monosodium Glutamate? Our generation stopped loving that shit in the 70's. :)

Sun, 12/06/2009 - 13:03 | 154442 Miles Kendig
Miles Kendig's picture

WOW.  Thanks.  Although when it is all said and done I and many here suspect that your generation will become known as the "next great generation".  I just hope that it is your generation that comes to learn that it is not war that makes one great, but ideas put into motion.  BTW, my ratings and subscription date from the summer, albeit under a different screen name.  I am sure you still appreciate the B.O.S.S. reference.  Remember to eat dessert first pal, life is uncertain.

Cheers

Sat, 12/05/2009 - 21:51 | 154175 Anonymous
Anonymous's picture

hey dh -- what's a "stealie". i feel like i should know...

Sat, 12/05/2009 - 23:53 | 154234 Howard_Beale
Howard_Beale's picture

A stealie is the Grateful Dead art icon...the skull, etc..

Sun, 12/06/2009 - 11:22 | 154419 deadhead
deadhead's picture

...sometimes you get shown the light in the strangest of places if you look at it right....

The Grateful Dead

Sun, 12/06/2009 - 19:33 | 154700 Anonymous
Anonymous's picture

ahhh...steal your face...how prescient...

Sun, 12/06/2009 - 23:17 | 154874 Anonymous
Anonymous's picture

...some people never see the light,
till it shines through bullet holes.
- Bruce Cockburn

Sun, 12/06/2009 - 01:40 | 154300 knukles
knukles's picture

Steel marbles. 

Sun, 12/06/2009 - 03:16 | 154323 dnarby
dnarby's picture

Maybe he meant "steelie", as in WWII steel penny.  Got a couple kickin' around somewhere.

Ironic that steel is probably too expensive for the mint nowadays.

Sun, 12/06/2009 - 04:17 | 154332 Pondmaster
Pondmaster's picture

Steelie ?

Actually a part of a ball bearing ( one of many balls ) . If we could find em as kids from elec. motor repair shops , we would put em in a vice and smash outer race with a sledge hammer and pry the steelies out of their retaining rings. A steelie would smash any glass marble to bits on a toss game  , so usually used steel against steel . The bigger the better . I had a few 1.5" ones in my collection 

Sun, 12/06/2009 - 10:03 | 154391 aurum
aurum's picture

it refers to "stealing your face right off your head"....something you would know all to well under the influence of LSD and some grateful dead...

Sat, 12/05/2009 - 22:30 | 154195 Howard_Beale
Howard_Beale's picture

DH--As close enough age peers and from my post last night where I definitely stated I have not been unfucked for a long fucking time, would you like to join me in a comedic financial blog? After your brilliant Rahm discourse last night, (and our silliness in the past) I am most convinced we could bring in some extra bucks...think about it...one of these days I will be done with antibiotics and back on a daily basis. I have all the skills to do the site and while Tyler and Marla are insanely funny, it might work. Let's just call it a take off on a take off.

 

Sun, 12/06/2009 - 11:29 | 154420 deadhead
deadhead's picture

i would be delighted to contribute any zaniness that will advance the cause of saving the usa from imploding upon itself ( and my kids, that's what keeps me going.).

actually, i have a piece on the Obama jobs program but it wasn't published here.  hell, it's not entirely funny but there might be a few chuckles.

********

 

Happy Holidays! The Obama Jobs Summit Gift

 

 

 

Even though our benevolent Fed Overseer and most of the world's economists missed the oh so difficult to see 40:1 leveraged banking and McMansion implosion of the entire USS economic Titanic, this same group is gonna get it right this time, darnit, by their hourly es mini futures reinforced proclamations that all is “green and go” from here out to eternity. In that spirit of the Holiday season (which started the day after Memorial Day as Kmart rekindled the time honored “layaway” strategy), President Obama today announced the upcoming December jobs summit, timed perfectly to add more hope to the possibility that Wal Mart, CostCo, and Dollar General will be able to beat Q4 street earnings estimates while revenues have declined precipitously.

 

As a mid fifties guy who along with his wife has been unemployed since April 2008, I thought I might help out this new jobs summit initiative with an “insider” perspective (easy Lloyd, not THAT kind of insider, it's your turf) as to what might appeal to, and give joyous imitation eggnog induced holiday hope to, the millions and millions of Americans without jobs or, according to the US Dept. of Labor's Bureau of Labor Statistics, the 3 guys in Jersey who got laid off at the gasoline refinery plant.

 

Every great government giveaway, errr, stimulus program must have a catchy acronym in order to increase the odds of its eternal Congreffional funding survival from 100% to 101% and this upcoming jobs galore summit, which will inevitably predict the creation of more jobs than the spx volumes on a rare down day, is no exception. I offer a number of acronyms below that should probably be avoided, but promise that I have come up with a killer that is sure to ensure that the botox lady and that squirrely guy from Nevada will retain their respective bank lobbyist depositories in the US Congreff.

 

 

Though the intent of the jobs summit is to enact policies akin to “People Hired Under Caring, Kind Employment Directives”, it is probably wise to avoid this catchy tag line because people might think that we are PHUCKED. Similarly, even though it is quite honorable to eradicate unemployment, one might question the administrations motive if we called it “Stopping Unemployment Misery, Making Earnings Really Soar”, even though that would be indicative of the SUMMERS approach. Keeping with a theme of great George Washington like patriots who would never tell a lie, it might be wise to avoid calling the jobs summit an attempt at “Growing Employment In The Here, Now, Eternal Recession” because some misguided folks would coin a new term to describe addictive prevarication as doing a GEITHNER.

 

As happy as the President's team might be as he departs to China to beg and cajole them to buy more Treasury confetti, suggesting a press release with a title of “Delirious Obama Unemployment Cessation Hiring Endeavor” might cause some non-green shoots believing smart alec to call the summit a DOUCHE. As a positive spin angle, I do like “Better Employment Reality Now And No Keynesian Endgame” which is the old BERNANKE as well as “Superman Obama Convincingly Institutes Another Loved Initiative, Stimulating Mainstreet”, though some right wing asshole will find a way to call this SOCIALISM.

 

Perhaps tying in the jobs summit to the soon to be rolled out “be a true American patriot and buy US Treasury bonds, notes, iou's, debentures, TIPS, and i'll pay you Tuesday for a hamburger today paper: Invest in American debt” initiative (bookrunning by Goldman Sachs, natch), we could headline the December summit with “Stimulating Hiring, Increasing Treasury Sales” but that SHITS acronym would be just toooooo damn easy for Stewart and Colbert.

 

Some of us in the unemployed ranks might like “ Declining Employment Proactive Response, Sincerely Stimulating Investment Of Nonemployeds” but that would be a DEPRESSION and the “D” word must be avoided as much as allowing the US Dollar to ever exceed 76.50 again. A direct appeal to employers, particularly the booming retail sector in overcrowded malls throughout the country, as the Bustmas season approaches might be “Elevate Lives Via Employer Santa” wherein unemployed, middle aged fat guys like me could be Obama ELVES. Something like “Growth Of Labor Directive, Meaningful And New” is a bit too bureaucratic sounding and the last thing we American citizens need is for the current administration to do another GOLDMAN on us.

 

I think I may have come up with the winning acronym that incorporates the already settled matter, per General Electric's media subsidiary, that our little bitty, teeny weeny, bump in the road, “phew, we just about almost had us there one of them recessions”, temporary and short lived economic pause is completely and undeniably, and forever and ever and ever over. Even better, this acronym embodies the bold new spirit taking hold in America that the critical issue of jobs is certainly something that should not be prone to the brutal, backstabbing, Chicago style knee cracking, and nasty partisanship that has ruled Washington for so long. I think the one we go with is:

 

Recession Abated: Hire Me!

Sun, 12/06/2009 - 12:40 | 154448 Howard_Beale
Howard_Beale's picture

LMAO....RAHM.

Sun, 12/06/2009 - 13:08 | 154459 Miles Kendig
Miles Kendig's picture

DH - Since I have already communicated my deep abiding respect I'll just say; "Far fucking out man".

Love Rahm

Sun, 12/06/2009 - 13:14 | 154465 deadhead
deadhead's picture

thanks miles and howard....

i have come to fully realize what my parents meant when they taught me that "truth is stranger than fiction".

you just can't make up some of this shit that we are living through....!!

 

 

Sun, 12/06/2009 - 09:49 | 154387 Bob Dobbs
Bob Dobbs's picture

"Steal your face right off your head."  I think the boys were talking about the U.S. government, huh?

Sun, 12/06/2009 - 10:14 | 154394 aurum
aurum's picture

DH ...never mentioned this before but you have the best avatar on the board bar none.....i have the stealie tatooed on my right arm...i love the dead and everything they stand for. take it easy

Sun, 12/06/2009 - 11:30 | 154422 deadhead
deadhead's picture

+1

The GD were the ultimate in anti-authoritarians and libertarians.....

Sun, 12/06/2009 - 13:12 | 154462 Puffin
Puffin's picture

DH, I imagine that as you craft some of your prose a tune is playing in your head: "Rahm in a train ditch, caught on a limb, you know better but I know him ..."

Sun, 12/06/2009 - 16:36 | 154596 deadhead
deadhead's picture

I can only wish that "He's Gone" applies to:

Rahm

Summers

Bernanke

Geithner

I could type alot more names, you get the point...

Great line from 'he's gone' on your part!

Mon, 12/07/2009 - 08:20 | 155102 Bob Dobbs
Bob Dobbs's picture

Well, we Sub Genius' agree with that. 

Sun, 12/06/2009 - 15:58 | 154576 aaronvelasquez
aaronvelasquez's picture

Dude, somebody stole my face while I was cruising the parking lot for shrooms!

Sat, 12/05/2009 - 20:12 | 154120 Careless Whisper
Careless Whisper's picture

Awesome. What's next, bank Balance Sheets that include off-balance sheet items?

Sat, 12/05/2009 - 20:43 | 154144 Sqworl
Sqworl's picture

just check into the non reoccurring room..lol

Sat, 12/05/2009 - 21:07 | 154156 WaterWings
WaterWings's picture

Down the memory hole - they never existed.

Goldstein!

Sat, 12/05/2009 - 20:15 | 154123 bugs_
bugs_'s picture

Very funny.  I thought you guys were taking it easy this afternoon!

PS: old farts want disclaimer thanks in advance

 

Sat, 12/05/2009 - 20:46 | 154124 putbuyer
putbuyer's picture

reset...

Sat, 12/05/2009 - 20:20 | 154126 digalert
digalert's picture

Good luck, however I'm not sure if it will have the desired results. For instance, say some bureaucrat reads me a line, and I respond bullshit. Now they might say I misunderstood. To which I would say no I understand clearly and have given you an appropriate response.

Sat, 12/05/2009 - 20:23 | 154127 tom a taxpayer
tom a taxpayer's picture

 

The White House translation:

CBO announces better than expected revenues in the first two months of FY2010! 

The $42 billion in revenues collected beat analysts' earlier estimate of $3 billion by a surprising 1400%. These results boosted the stock market into record territory with the DOW, NASDAQ, and S&P posting new highs for the year. 

Some skeptics and malcontents questioned these numbers, but the CBO Director defended these numbers, pointing out that the CBO had recently beefed up its accounting and statistical staff with 76 experts transfered from the Bureau of Labor Statistics.

 

Sat, 12/05/2009 - 20:23 | 154128 Ned Zeppelin
Ned Zeppelin's picture

This is really cool. Now, does this signify in any way that ZH has been a Google funded project all along? OK by me, by the way.  At least somebody with money and power is alive, caring and thinking, and it gives me considerable comfort that the NSA nitwits recording our every sentence may actually meet with some powerful opposition at some point should they decide a little too much truthiness is going on here. Count us in on the revolution guys - we're with you.  

On the other hand, stop pulling our collective leg on a Saturday night!

Sat, 12/05/2009 - 20:34 | 154134 Hephasteus
Hephasteus's picture

Though shalt not castest they dispersions upon the blameless Google for the google willeth correcteth the.

http://www.theinquirer.net/inquirer/news/1564786/google-tells-murdoch-shut

 

These are great. If they get an attorney to english and a End User Liscence to english translation going it would be great.

But the real killer and the impossible would be Prospectus to English and Central Bank to English.

Sat, 12/05/2009 - 20:36 | 154138 lizzy36
lizzy36's picture

"upfuckedness" has just become my new favorite word.

marla, fantastic!

Sat, 12/05/2009 - 22:10 | 154183 CONners
CONners's picture

Difficult to think of appropriate onfollowness.

Sat, 12/05/2009 - 22:41 | 154204 Cursive
Cursive's picture

I don't think half the people on this thread actually read the post.  Irony is a cruel mistress.

Sun, 12/06/2009 - 16:24 | 154589 Rula Lenska
Rula Lenska's picture

Bingo! +1

Sun, 12/06/2009 - 07:39 | 154357 mikeyv1970
mikeyv1970's picture

Hi Lizzy. 

Agree with ya...

Sat, 12/05/2009 - 20:38 | 154139 tom a taxpayer
tom a taxpayer's picture

Atlantic City Chamber of Commerce translation:

Thanks to an $11 billion (or 10%) rise in Social Security benefits, 4,000 casino and hospitality jobs were created or saved or kept off the books in Atlantic City.

Another 1,200 bus driver and bus mechanic jobs were created or saved as hundreds of buses continue to deliver thousands of senior citizens to Atlantic City every day.

Sat, 12/05/2009 - 20:44 | 154145 Anonymous
Anonymous's picture

I shit my pants. Then I threw my computer. Then I actually read the information. Then I laughed, laughed, laughed....

Sat, 12/05/2009 - 20:45 | 154146 Sqworl
Sqworl's picture

I'm not embracing this mutual interest...Great agenda's require risk to participants...

Sun, 12/06/2009 - 06:00 | 154348 Slewburger
Slewburger's picture

Agreed...

Google has access to WAY too much information. And while I appreciate the sentiment, I'm skeptical....

Sun, 12/06/2009 - 09:17 | 154381 Miles Kendig
Miles Kendig's picture

Sqworl, I have discovered that the more basic the agenda, especially in our age group, the greater the risk.  After all the nature of our codependency upon the system grows over time no matter how we attempt to attenuate the impact of our relationship with the so called 1,000 pound persons so that as folks grow older they will believe they are further encumbered and will fight to save the system and thus permit the 1,000 pound persons to grow to 2,000 pounds.

http://www.georgewashington2.blogspot.com/2009/10/too-big-to-fail-and-10...

Sun, 12/06/2009 - 10:50 | 154403 Sqworl
Sqworl's picture

Miles, the burden of our past sins get heavier by the day...x

Sat, 12/05/2009 - 20:59 | 154153 ShankyS
ShankyS's picture

That is all friggin great and stuff, but now can you clone me so I will have the time to read all your glory? Heck, I have a tough enough time keeping up as it is. Believe me, I am not complaining in any manner, it is just so impressive what you all can and have accomplished. The knowledge you are sharing has made me 1000x better, and I know your ever expanding reader base (and the country in certain specific circumstances) are all better off. Thanks for all you do.

Sat, 12/05/2009 - 22:39 | 154202 Cursive
Cursive's picture

Lulz wat?

Sat, 12/05/2009 - 21:00 | 154155 Mad Max
Mad Max's picture

This IS one of your weekend jokes, right?  I know Google has a lot of computing power but I don't see it doing this sort of thing by automated process.

In the concern that this might be serious, I'd be concerned about partnering with Google, given their track record of being coopted in China and elsewhere when powerful powers-that-be don't like their actions.  Not to mention their apparent left-wing worldview and support of One Big A__ Mistake [for] America.

Sun, 12/06/2009 - 00:07 | 154243 Reductio ad Absurdum
Reductio ad Absurdum's picture

Google is a bunch of money grubbing children who would turn over their own grandmothers to the Chinese stasi if it meant an increase in profits (or some more toys to play with). Google had a choice to make years ago: take a stand against totalitarianism or give in to Chinese censorship and data mining. They chose unwisely.

As for the complaints about the Baby Boomers, they are scum but they are still better than Gen X, which is better than Gen O (just look at steadily plummeting SAT scores since the 1950's). No generation sank more money into the Social Security Ponzi Scheme than the boomers and they deserve to at least get (the fraction that's left of) their money back. As for "selfish", the hippies at Woodstock were; 58000+ dead boomers in Vietnam say otherwise. To assert that later generations were somehow "put upon" is laughable (and I'm from those later generations).

Sun, 12/06/2009 - 00:33 | 154262 dark pools of soros
dark pools of soros's picture

better than Gen X??   Gen X'ers are brilliant in everything except politics...  its against their nature and will keep them forever as a mercenary mentality

Sun, 12/06/2009 - 13:09 | 154460 gmrpeabody
gmrpeabody's picture

+1000

Sun, 12/06/2009 - 13:50 | 154490 Anonymous
Anonymous's picture

One note, the Boomers already got their money back. It just came back to them in the form of every other government program currently running that went over budget. Oh yeah, there's IOU's in a cabinet somewhere with their name on it, but they can't borrow from themselves and expect future generations to pay them back. They got all the benefits of that money already.

Sat, 12/05/2009 - 21:09 | 154158 Anonymous
Anonymous's picture

wow, i need a filter like that for everything! lol

Sat, 12/05/2009 - 22:02 | 154178 Bubby BankenStein
Bubby BankenStein's picture

It is amazing!

Googleplex has become completely autonotron.  Who would have thought that clusters of promiscuous cores powered by hydroelectric plants worldwide could acquire linguistic intelligence sufficient to make such translations?

Once integrated with the LHC, the enigma will be smashed releasing Higgs Bovine.

Sat, 12/05/2009 - 22:44 | 154206 illyia
illyia's picture

Higgs Bovine!!!!

 

Sun, 12/06/2009 - 01:17 | 154293 Problem Is
Problem Is's picture

The googleplex as a number is Too Big To Fail... must be Timmay G's favorite number...

Sat, 12/05/2009 - 22:04 | 154180 Anonymous
Anonymous's picture

I'm developing a mind-crush on Marla.

'upfuckedness'

-MobArlesby

I CAN HAZ TARP FUNDS?

Sat, 12/05/2009 - 22:22 | 154187 Anonymous
Anonymous's picture

Tyler locks arms with the MSM...
The End is truly near.

Sat, 12/05/2009 - 22:34 | 154198 waterdog
waterdog's picture

Well this is what happens when you nurture life in a flower pot. Soon, the plant becomes root bound and one must replant it into a larger pot or it will die. Eventually it becomes a part of the yard. One day we will look back at Zero Hedge and say,  I remember when you were just a cutting. 

Keep on truckin' dudes, it will only get better.

Oh, and by the way, you old fools born before 1964, we have pubic hair older than half of these idiots commenting on this site. Just ignore them, the PG-13 movies start in 10 days.

 

 

 

 

 

Sat, 12/05/2009 - 22:37 | 154199 Cursive
Cursive's picture

Marla,

Can we call it the ZH Financial Lulzasauras?

Sat, 12/05/2009 - 22:53 | 154210 pooplagrande
pooplagrande's picture

Partnering with the real vampire squid...well done!

Sat, 12/05/2009 - 23:11 | 154218 ReallySparky
ReallySparky's picture

Marla, your prose, wit and intelect has rescued the entire female race from the illiterate, insane, and humiliating babble of Pelosi, Banning, and Shapiro.  May we kneel before your feet and worship you as the savior goddess of the fem that you are.  Marla for queen of the universe, earth, ect...Thank God a sane woman's voice in the midst of freaks.  Long live Marla.

Sun, 12/06/2009 - 00:08 | 154245 Anonymous
Anonymous's picture

There was never an assurance that a Marla does not have a penis.

Sun, 12/06/2009 - 01:15 | 154291 Marla Singer
Marla Singer's picture

It must be the voice lessons that make that ambiguous.

Sun, 12/06/2009 - 10:51 | 154404 Sqworl
Sqworl's picture

Marlinka: surely you jest??

Sun, 12/06/2009 - 13:13 | 154464 Miles Kendig
Miles Kendig's picture

Sqworl, it must be that dark like tinted glass effect that makes some revert to the standard two dimensional engagement.

Sun, 12/06/2009 - 01:24 | 154295 Problem Is
Problem Is's picture

The Crying Game did come out well before Fight Club...

Gives one something to ponder, Anony #154245

ZH should have a loto for the anonymous poster who comes up with the same post number as Bernie Madoff's Federal prison number...

The lucky poster wins a pair of Mets tickets, one of Andy's fly reels and one of Ruth's wigs...

#154245... you could be a lucky winner!

Sun, 12/06/2009 - 03:32 | 154325 Bolweevil
Bolweevil's picture

Marla with a penis?

"What a gull-a-bull, what a nin-cow-poop!"

Sat, 12/05/2009 - 23:16 | 154220 Lothar the Rott...
Lothar the Rottweiler's picture

It was all so believable until I got to reading the screenshots... Jeebus can you spin a yarn!

Sat, 12/05/2009 - 23:49 | 154231 Anonymous
Anonymous's picture

Ladies and germs stand up and take a bow.

Spending Projections
Daniel Hoople
Camille Woodland

Revenue Projections
Barbara Edwards
Joshua Shakin

Sun, 12/06/2009 - 02:03 | 154311 Acidtest Dummy
Acidtest Dummy's picture

Maybe the Committee to Establish the National Institute of finance @ http//ce-nif.org would be interested in a tool like this.

Sun, 12/06/2009 - 02:16 | 154315 JuicyTheAnimal
JuicyTheAnimal's picture

Juicy wants to drink with mo fos on here. 

Sun, 12/06/2009 - 02:48 | 154317 Anonymous
Anonymous's picture

Super funny ... more, please!

Sun, 12/06/2009 - 04:17 | 154334 Anonymous
Anonymous's picture

While I LOVE ZH and your transparency, your Google partners are lying "dooshbags" who are nothing more than very rich ratfinkss for an ever more privacy challenged government vampire squid. Congratulations!!!???

Sun, 12/06/2009 - 05:07 | 154341 Anonymous
Sun, 12/06/2009 - 08:52 | 154369 Miles Kendig
Miles Kendig's picture

Ahhh.  ZH with their spin on providing a definition of the day and with an excellent effort.  I must say this is most welcome indeed to this reader who loves to play at this with a select group of associates.  With the play on everyones bestest non associate, Google being the icing.

Sun, 12/06/2009 - 09:18 | 154372 AN0NYM0US
AN0NYM0US's picture

 

another submission for the Google/ZH translator

from the Director of the CBO (Douglas W. Elmendorf ) formerly of the Federal Reserve and member of the Summers, Rubin Geithner family:

November 9 , 2007

 

"Between January 2001 and June 2003, the Federal Reserve cut the target federal funds rate from six-and-a-half percent to one percent—the lowest level in decades. The Fed then held to that target until June 2004, before raising the funds rate slowly and steadily during the following two years. Some observers have argued that the Fed kept rates too low for too long, and that the abundance of low-cost credit set the stage for the housing boom-bust and current financial turmoil. If correct, this criticism would have important implications for the future conduct of monetary policy.

 

 

However, the criticism is not consistent with overall macroeconomic conditions as seen in the past four years or projected by most forecasters for next year. The paths of inflation and unemployment imply that monetary policy should have been a little less expansionary during this period, but the slightly better policy that one can envision with hindsight would not have materially altered recent events. Before going on, I must note that I (Douglas W. Elmendorf future Director of the CBO) worked on economic forecasting and analysis (as the Chief of the Macroeconomic Analysis Section) at the Federal Reserve Board from 2001 through 2007." ...

Conclusion

If the current housing bust and financial turmoil ultimately lead to a significant economic downturn, the appropriateness of monetary policy during the past several years should be revisited. However, based on the information available today, the criticism that the Fed should have raised interest rates substantially to rein in the housing sector is misguided..."

(PDF warning)

http://www.brookings.edu/~/media/Files/rc/opinions/2007/11_fed_elmendorf...

Sun, 12/06/2009 - 15:59 | 154577 tom a taxpayer
tom a taxpayer's picture

Translation:

I was one of the high priests in the inner sanctum at the Federal  Reserve Board from 2001 to 2007. I supplied the economic forecasting and analysis that supported the Federal Reserve Board. The subsequent blowups into the worst financial crisis since the Great Depression has many culprits but the Federal Reserve and my economic forecasting and analysis are not culprits. 

 We at the Fed did great things (at least for Goldman Sachs, Wall Street, and the richest bankers). That is why you can have confidence in the economic forecasting and analysis that I will produce as new CBO Director.

Sun, 12/06/2009 - 10:14 | 154395 mrhonkytonk1948
mrhonkytonk1948's picture

Now if everyone in every sphere of life could also begin to channel Harry Truman...don't know much about his-to-ree, but what a wonderful world it would be.

Sun, 12/06/2009 - 10:31 | 154397 Anonymous
Anonymous's picture

Anonymous would like to buy Marla a drink.
Well done, Madam.

Sun, 12/06/2009 - 11:51 | 154429 zulu
zulu's picture

Perfect.  Simply fucking perfect.

Sun, 12/06/2009 - 12:07 | 154435 colorfulbliss
colorfulbliss's picture

Hello all,

 

Keeping with the spirit of Marla's post, please take a look at this link: http://uncyclopedia.wikia.com/wiki/General_Motors  I advise against taking a drink or having a mouthful of food before you start reading!

 

Thanks for your great post Marla

Cheers

Sun, 12/06/2009 - 13:13 | 154463 Anonymous
Anonymous's picture

Marla, congrats on coding the world's most sardonic language-transformation algorithm!

- Heretic.

Sun, 12/06/2009 - 13:42 | 154483 lieutenantjohnchard
lieutenantjohnchard's picture

thank you for an excellent post. loved it as it expresses exactly as i think.

Sun, 12/06/2009 - 15:56 | 154573 Convection Fry List
Convection Fry List's picture

The Social Security comment goes hand in hand with what I mentioned the other day in another thread, which is if Uncle Ben allows inflation to roar (or be accurately reported), then he has to pay out COLA to all of the ever growing number of boomer SS recipients and every other mule rider on the Federal Government payroll...

Sun, 12/06/2009 - 16:00 | 154578 Shameful
Shameful's picture

That's the real trick isn't it. "accurately reported".  I have no doubt that those numbers will be more cooked then they are now.  Just look at history.  Every nation that has had hyperinflation has cooked the books and understated inflation, why should America be any different?

Sun, 12/06/2009 - 16:22 | 154583 tom a taxpayer
tom a taxpayer's picture

Bingo! on their desperate need to keep COLA from blowing up.

And love the "mule rider" reference.

Let's sing a little Rawhide.

Rollin' Rollin' Rollin'

Keep movin', movin', movin',
Though they're disapprovin',
Keep them doggies movin' Rawhide!
Don't try to understand 'em,
Just rope and throw and grab 'em,
Soon we'll be living high and wide.
Boy my heart's calculatin'
My true love will be waitin', be waiting at the end of my ride.

Move 'em on, head 'em up,
Head 'em up, move 'em out,
Move 'em on, head 'em out Rawhide!
Set 'em out, ride 'em in
Ride 'em in, let 'em out,
Cut 'em out, ride 'em in Rawhide.

http://www.youtube.com/watch?v=47W1pNC1QHw

Sun, 12/06/2009 - 16:28 | 154591 vomitparty
vomitparty's picture

awesome dh, very nice

Mon, 12/07/2009 - 08:31 | 155105 Gordon_Gekko
Gordon_Gekko's picture

Fuckin hilarious and awesome at the same time. No doubt the translation reflects the truth much better.

Mon, 12/07/2009 - 10:57 | 155187 Fruffing
Fruffing's picture

Will the alliance include rights to fly on the Google MiG?

Mon, 12/07/2009 - 10:57 | 155188 Fruffing
Fruffing's picture

Will the alliance include rights to fly on the Google MiG?

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