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A Keynesian Wet Dream: "700 Trillion Cars And Light Trucks Need Recalling"

Tyler Durden's picture




 

And for today's fake press du jour release we go to Marketwatch which amusingly carries the following headline/story, which has since been rebroadcast by Bloomberg and other wire services:

700,000,000 Million Cars and Light Trucks Need Recalling

 

PETERBOROUGH, ONTARIO, Sep 19, 2011 (MARKETWIRE via COMTEX) -- Editors Note: There is a video associated with this Press Release.

 

Automotive engineers are sleeping at the wheel blinded by their own wipers.

 

Ring the Bells, Stop the Line, Re-Tool

 

Rodney Andrews, Ten Bridges Seven Churches No Stop Light is a series of grabbing stories of how small town people reach out and live the lives most people only dream of.

 

Follow Everett and Rose as they trigger the largest auto industry re-call.

 

Toyota, Honda, Ford, Hyundai and all car owners will be running to the parking lot to check out their car or truck to see if they are a victim. You can sit and read the predictions and watch class action law suits, litigation, and lawyers plug court rooms. Millions of dollars and thousands of lives are at stake. Killer cars can be fixed.

 

To start a fascinating journey, get your copy today from www.createspace.com/3592300

Yep. 700 trillion cars in need of recall. Paul Krugman just discovered tantric sex.

And yes, the algos totally fell for it. Note the volume surge at 10:13 PT as the PR hit:

 

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Mon, 09/19/2011 - 14:17 | 1685430 TruthInSunshine
TruthInSunshine's picture

700 trillion cars recalled = Krugman nocturnal emission. Had there been 700 trillion fatalities? Krugman says "even better."

Release the Kraken, bitchez.

Mon, 09/19/2011 - 14:19 | 1685474 Dr. Richard Head
Dr. Richard Head's picture

Clean up at Krugman's desk.  Clean up at Krugman's desk.

Stan's dad plays Krugman in this short skit. - http://www.southparkstudios.com/clips/183608/covered-in-ectoplasm

Mon, 09/19/2011 - 14:38 | 1685540 TruthInSunshine
TruthInSunshine's picture

Tantric sex, missionary style (for the Queen), or a Dirty Sanchez = Krugman doesn't care what kind, as long as it's stimulative.

He even doesn't mind HIV+, crabs, the clap or herpes pustules, as he's debauched whatever merit any portion of Keynesianism may have once had. He's just a cross-dressing, whacked out night walker in 4" stilettos looking to turn a fast fiatski-rewarded trick, jonesing for his next fix.

Krugman gets sick to his stomach any time anyone quotes this, so here goes (words from his hero):

J.M. Keynes on inflation in The Economic Consequences of the Peace (p. 235-6):

“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become ‘profiteers,’ who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

Mon, 09/19/2011 - 14:57 | 1685576 Dr. Richard Head
Dr. Richard Head's picture

No kidding.  Too bad this particular quote is not known by all.  The central bank and fractional reserve banking hand is what creates the inflation.   I wonder what J6P thinks as the cause of inflation?  Greedy corporations would be my guess.

Here is my favorite -

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford

 

Mon, 09/19/2011 - 15:36 | 1685777 wisefool
wisefool's picture

Do you know what else is a way to screw the masses besides currency devaluation? Set up a tax code that serves only one purpose: Being a game for Buffet, Kerry, Immelt, Steve Jobs, and your local gormet cupcake shop to "win" at.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

Then, with your reward, buy your solar panels from those dumb chinese who dont pursue worthwhile intelectual rewards! Put BDO on the GSA vendor list, not G.E.!

Mon, 09/19/2011 - 16:27 | 1686030 eisley79
eisley79's picture

http://www.zerohedge.com/news/guest-post-shtf-austria-soon

 

less than what the americans thought this euro comma meant posted by one of the Euro Tylers, 1.7 quadrillion??

Mon, 09/19/2011 - 17:20 | 1686221 wisefool
wisefool's picture

It wasn't my day to watch them. And I do applogize for having a american centric view sometimes.

But isn't the problem with greece primarily that they refuse to pay the taxes and they refuse to give up thier services?

In america the people who use the most services pay the least taxes, or in some cases, receive money back from the government for the effort they put into not paying any taxes.

I admit that I am not as sophisticated as most here. But when I try to explain keynesian economics -- to even less sophisticated people -- the US tax code grants the simple baby step metaphor as follows:

If G.E. hires 1000 people to prepare its returns to avoid paying taxes, where does the government get the money from to pay somebody at the IRS to make sure those 1000 people filled out G.E.s tax forms right?

The answers typically are:

  • The wimpy (cartoon character) -- G.E. probably needed to take a loss this year but will pay the IRS reviewers next year to check the form for next year and last year.
  • The unknowing keynsian -- Well the government keeps money aside for that, and if they dont thats why we print money
  • The unknowing redistributionist -- They pay the IRS agents who review G.E.s form out of other peoples taxes that aren't working on as important of stuff as G.E. is.
  • The polyanna -- G.E. is honest. They dont need to be checked.
  • The deer in the headlights -- I dont know, but it is not that big of a deal.

The more sophisticated types typically answer as follows:

  • The MBA -- You do not understand management, start with hygine-motivator, call me back when you complete your online MBA (hee,hee). You have a job, and being a citizen is also a job, whether you applied for it or not.
  • The Central Planner -- You are not knowledgeable enough about macro trends, including demographics and technology
  • The Accountant -- Its about data. We need data. I dont know what they do with it, but I get paid to generate data.
  • The Socialologist -- There are cultural challenges that can only be addressed via subjective taxation. Your gonna carry that weight son.
  • The CEO (Romney) -- Corporations are people too. Some are just really poor people that need an earned income credit. Others are basically like a tax free charity, that instead of providing food and shelter they provide people a job to buy their own food and shelter from the company store.
  • Jeff Immelt -- You are an idiot. I hired 1000 people, their income taxes paid for the IRS reviewers to review the G.E. returns i.e their work product. I also hired lobbyists. I create jobs. you are an idiot who posts to the interenet. Romney might take you on as a charity case, but I don't run a place for low IQ types. Try a pet shelter.<-Best Answer
  • The Theologian -- Yeah, when religions tried to do this stuff they generally get "Reform-ation/atted" pretty quick, so we stay away from that stuff. So I dont know what to tell you kid. Check out what Huntsman did in Utah. And look on the bright side of life.
Mon, 09/19/2011 - 15:35 | 1685769 covert
covert's picture

it's all a natural result of atlas shrugging.

http://expose2.wordpress.com

 

Mon, 09/19/2011 - 15:59 | 1685902 GoinFawr
Mon, 09/19/2011 - 14:41 | 1685561 Clorox Cowboy
Clorox Cowboy's picture

I think the 700 trillion is including all wheeled vehicles back through ancient Egypt?

Mon, 09/19/2011 - 14:56 | 1685627 Rodent Freikorps
Rodent Freikorps's picture

That would have to include a galactic recall by Krugman's aliens.

Mon, 09/19/2011 - 15:05 | 1685665 Ident 7777 economy
Ident 7777 economy's picture

incl donkey carts and Lama wagons ...

Wed, 01/04/2012 - 08:53 | 2032315 kall
kall's picture

That's a lot of waste no matter how you put it. These cars ought to be recalled and hopefully they will be fixed in time to be put again in circulation. The truck manufacturer should better start working with an auto donations program to regain people's trust in these cars.

Mon, 09/19/2011 - 14:10 | 1685433 GeneMarchbanks
GeneMarchbanks's picture

Krugman is all over this literally... and it's kinda gross. Creepy little dwarf he is!

What were we talking about, oh yea! cars...

Tue, 09/20/2011 - 18:29 | 1690314 FlyOverCountryBoy
FlyOverCountryBoy's picture

Dwarf?  I thought he was an Elf!

 

Tue, 09/20/2011 - 22:08 | 1690811 GoinFawr
GoinFawr's picture

Interesting... it is my understanding that E.L.F. members do enjoy destroying vehicles with IC engines, the bigger the better too... you could be onto something here.

Mon, 09/19/2011 - 14:08 | 1685434 Bastiat
Bastiat's picture

Paul Krugman just discovered tantric sex.

Bwhahahhaaa!

Mon, 09/19/2011 - 14:10 | 1685440 rambler6421
rambler6421's picture

LMFAO!

Mon, 09/19/2011 - 14:09 | 1685442 Strider52
Strider52's picture

We're just so used to "trillions" now that "milliions" just doesn't get headlines.

Mon, 09/19/2011 - 15:21 | 1685716 OldPhart
OldPhart's picture

Chalk it up to "Zero Stroke"

Mon, 09/19/2011 - 14:10 | 1685444 MsCreant
MsCreant's picture

Smells Oniony.

Mon, 09/19/2011 - 14:21 | 1685475 GoinFawr
GoinFawr's picture

lulz

Mon, 09/19/2011 - 14:45 | 1685581 SheepDog-One
SheepDog-One's picture

What would be the difference between an Onion piece and actual MSM news today? The Onion news has far more credibility?

Mon, 09/19/2011 - 14:11 | 1685447 Surly Bear
Surly Bear's picture

Paul Krugman just discovered tantric sex.

With numbers like those do you really think he can hold it in? I bet he sees all those zeros, and just explodes. I'm just sayin...

Mon, 09/19/2011 - 14:24 | 1685497 Don Smith
Don Smith's picture

Isn't it 7 Oh Oh Oh Oh Oh Oh Oh Oh Oh Oh Oh OH OH OH! Cars?

Mon, 09/19/2011 - 14:49 | 1685593 fuu
fuu's picture

Show us your 0 face?

Mon, 09/19/2011 - 16:38 | 1686063 EndTheTSA
EndTheTSA's picture

$1,200,000,000,000

Enough 0s for you?

Mon, 09/19/2011 - 14:13 | 1685455 sunny
sunny's picture

I had a car like that.

sunny

Mon, 09/19/2011 - 14:14 | 1685459 Comay Mierda
Comay Mierda's picture

epic headline

Mon, 09/19/2011 - 14:16 | 1685460 fonestar
fonestar's picture

Recall them all and crush them.  Finance some new ones.  Good for more trillions in debt and supposedly good for the environment (cars do not require mining or production, they grow in fertile organic fields).

Mon, 09/19/2011 - 14:16 | 1685462 Bob Sacamano
Bob Sacamano's picture

Besides a basic math course, the headline writer "needs educating."   Cars and trucks need recalling? 

Mon, 09/19/2011 - 14:41 | 1685559 SheepDog-One
SheepDog-One's picture

Maybe the cars forgot something?

Mon, 09/19/2011 - 16:14 | 1685978 Grinder74
Grinder74's picture

Obviously you are not as conversant in Austrian as the headline writer is.

Mon, 09/19/2011 - 14:17 | 1685466 lolmao500
lolmao500's picture

Epic that the algos bought it.

Mon, 09/19/2011 - 14:18 | 1685470 Bastiat
Bastiat's picture

That's even funnier.

Mon, 09/19/2011 - 14:18 | 1685467 MsCreant
MsCreant's picture

If the dream is too wet, it will impair your field of vision.

Krugman will not like this. The problem, if solved, will reduce accidents and thus make it so folks will need fewer cars, repairs, services, etc. Bad for the economy, fewer broken windows.

 

Mon, 09/19/2011 - 14:20 | 1685480 Bastiat
Bastiat's picture

You are looking too far down the road.

Mon, 09/19/2011 - 15:42 | 1685802 NotApplicable
NotApplicable's picture

They call it the unseen for a reason.

Mon, 09/19/2011 - 16:16 | 1685988 Grinder74
Grinder74's picture

Hey, if every car in the galaxy has just been recalled, there is no need for auto insurance.  Thus, the most (mis)used justification/analogy for Obamacare just went out the window (pun intended).

Mon, 09/19/2011 - 14:19 | 1685473 Paul Bogdanich
Paul Bogdanich's picture

Clean flexible wiper blades are a bigger issue and while I don't consider it a safety issue I live in the NW and have been driving in the rain and wondered why they didn't reverse the throw of the wipers.  It would work better.   

Mon, 09/19/2011 - 15:29 | 1685755 TomJoad
TomJoad's picture

Just go long Rain-X

Mon, 09/19/2011 - 14:19 | 1685477 Long-John-Silver
Long-John-Silver's picture

I'll tell them how to fix this cheap and easy. Install a small plastic lever on the right side wiper blade that lifts the blade off the windshield on the upswing and allows it to wipe on the downswing. Cost per vehicle is less than a Dollar.

Mon, 09/19/2011 - 14:25 | 1685505 bbq on whitehou...
bbq on whitehouse lawn's picture

I have a cheaper option: remove the windshield. See problem solved :P

Mon, 09/19/2011 - 14:53 | 1685607 Dr. Richard Head
Dr. Richard Head's picture


One should break the windshield out in true Krugman fashion.  This way the clean up associated with the broken glass would create new jobs in a variety of areas.  First off, broken glass would likely escape to floor causing numerous automotive tires to be punctured.  Someone would have to replace these tires or plug them minimally.  Additionally, clean up crews would see a spike in employment, as much of this glass would have to be cleaned up.  Finally, makers of vacuum cleaners would see a surge in purchases, while many who attempted to clean up their own glass without government approved clean-up crews would inevitably be faced with broken household vacuums. This is net-net positive.  This entire process would allow for a growth in employment, as well as correcting a fatal error in windshield visibility.

Holy FUCK!!!!!  I just wrote my thesis for my Economics PHD.  Do you think I can get a column in WSJ?

 

Mon, 09/19/2011 - 15:30 | 1685759 Moe Howard
Moe Howard's picture

I have submitted you for the Nobel Prize in honor of the Nobel Prize for Economic magically thinking in anticipation of your thesis acceptance. 

No need to thank me.

Mon, 09/19/2011 - 15:44 | 1685806 NotApplicable
NotApplicable's picture

In other words... we need a good war in order to break a bunch of shit.

Mon, 09/19/2011 - 16:18 | 1685993 Grinder74
Grinder74's picture

Sarcasm in the first degree. AttackWatch has been notified.

Mon, 09/19/2011 - 16:25 | 1686027 Long-John-Silver
Long-John-Silver's picture

Your avatar is appropriate.

Mon, 09/19/2011 - 14:22 | 1685488 ItsDanger
ItsDanger's picture

I've actually noticed this myself and wondered why they dont build it the opposite way (much more noticeable with snow).  Why would the inverse cost more money on new models?  Obviously its cost-prohibitive on existing models and you can understand the logic.  But on new models?

Mon, 09/19/2011 - 15:01 | 1685650 vib
vib's picture

If you think about it a little how water and snow would actually behave if the vipers were reversed you have the answer.

There would be a constant spot of water and snow on the top left portion of the windshield in front of you that would not be wiped away. The left viper now goes all the way to the corner cleaning it completely. In the cars that have steering wheel on the right the (top) right portion of the windshield is kept clean.

The author of that video must be joking. If he's serious he'd kill a lot of people.

Mon, 09/19/2011 - 15:37 | 1685779 vib
vib's picture

Vipers, lol. That actually gave me an idea: what if the wipers were not rigid but would change form to maximize the cleaning area.

Mon, 09/19/2011 - 14:22 | 1685490 cartonero
cartonero's picture

Is this a problem in England, Japan, or Jamaica?

Mon, 09/19/2011 - 14:25 | 1685499 Racer
Racer's picture

Luxembourg

Mon, 09/19/2011 - 15:43 | 1685805 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Gobi Desert

Mon, 09/19/2011 - 14:23 | 1685493 JohnG
JohnG's picture

Now I'm not an electriciian or mechanical engineer, but can't you just swap the power connections and make the wiper motors run backwards?

It's a question, cause I don't know.

Anyone?

Mon, 09/19/2011 - 14:25 | 1685504 GoinFawr
GoinFawr's picture

more lulz

Mon, 09/19/2011 - 14:27 | 1685514 Long-John-Silver
Long-John-Silver's picture

The wipers go back and fourth. It makes no difference which direction the wiper motor is running.

Mon, 09/19/2011 - 14:29 | 1685524 JohnG
JohnG's picture

OK, just went and looked at my truck, and I think you would have to move the motors.

My car though, only has one wiper that whips back and forth pretty fucking fast....

Mon, 09/19/2011 - 14:35 | 1685541 bbq on whitehou...
bbq on whitehouse lawn's picture

You wouldnt want to.

If you want a real workable solution, it would be forced air.

Same as leaf blowers only stronger and more focused. They way water is removed faster then it collects.

But then you would have to 'engineer' a real solution instead of just blameing the wipers.

Remember engineers are stupid and lazy. Management has the for sight of a mole and are even dumber.

Mon, 09/19/2011 - 15:07 | 1685670 Bob Sacamano
Bob Sacamano's picture

Which is why the harder it rains, the faster I drive -- forced air reduces water build up -- at least that is what I tell the police officer.

Mon, 09/19/2011 - 14:55 | 1685628 Ident 7777 economy
Ident 7777 economy's picture

 

 

 

I wanna hire you - for a little nuclear project on the coast of NE Japan ...

Mon, 09/19/2011 - 14:24 | 1685498 Catequil
Catequil's picture

Dudes, global population is 7 bln :)

Mon, 09/19/2011 - 14:28 | 1685519 GoinFawr
GoinFawr's picture

... and they don't stop.

Mon, 09/19/2011 - 15:42 | 1685801 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

"transitory"

Mon, 09/19/2011 - 14:48 | 1685503 dwdollar
dwdollar's picture

This is such bull fucking shit.  The passenger side has a more obstructed view in the upper right corner.  Go out and check.

http://www.madehow.com/images/hpm_0000_0007_0_img0131.jpg

Mon, 09/19/2011 - 14:25 | 1685506 Sausagemaker
Sausagemaker's picture

See also: Zero Stroke

http://en.wikipedia.org/wiki/Zero_stroke

 

"Besides a compulsion to write endless strings of zeros, individuals that suffered from this condition would reportedly become confused when referring to numbers and would state that they were ten billion years old or had forty trillion children."

Mon, 09/19/2011 - 14:25 | 1685509 Bastiat
Bastiat's picture

Just synchronize your blinking to the moment when the passenger side wipers throws water on the drivers side.

Mon, 09/19/2011 - 14:28 | 1685515 TruthInSunshine
TruthInSunshine's picture

Ralph Nader, Abby Joseph Cohen, William Dudley, Paul Krugman & Joe Lavorgna are demanding that these cars be replaced with wiper-less, windshield-less models immediately.

Mon, 09/19/2011 - 14:28 | 1685518 M.B. Drapier
M.B. Drapier's picture

That's.... 700 trillion!?

Someone's been trading auto-recall derivatives?

Mon, 09/19/2011 - 14:32 | 1685531 MsCreant
MsCreant's picture

OT don't know where to post.

Lloyds is suing Saudia Arabia for funding 9/11

http://www.independent.co.uk/news/uk/home-news/lloyds-insurer-sues-saudi-arabia-for-funding-911-attacks-2356857.html

Mon, 09/19/2011 - 15:51 | 1685549 GoinFawr
GoinFawr's picture

That's it, the US needs to invade Iraq!! oooer, been done? Well nm: That's it, the US needs to put a stop to those Iranians!

Also OT, here is a question I believe every American should ask him/herself:

http://www.moronail.net/img/13079_i-want-a-canadian

Mon, 09/19/2011 - 15:40 | 1685789 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Can suing the U. S. far behind?!  Most "alleged" hijackers were U. S. assets and trained at U. S. military bases.

Mon, 09/19/2011 - 14:34 | 1685538 Cpl Hicks
Cpl Hicks's picture

How about this-

       One U.S. President needs recalling

Mon, 09/19/2011 - 14:52 | 1685614 MsCreant
MsCreant's picture

But I'm trying to forget him...

Mon, 09/19/2011 - 14:37 | 1685546 tim73
tim73's picture

Hauling those cars from colonies at Andromera galaxy is going to be a bitch.

Mon, 09/19/2011 - 14:40 | 1685554 SheepDog-One
SheepDog-One's picture

To get an even bigger algo popping headline, just say 700 Quadrillion cars and trucks need to be recalled.

Mon, 09/19/2011 - 14:40 | 1685557 monopoly
monopoly's picture

Beyond words guys. And. so far, notice. gold holding 1.770 bottom support.  Time will tell. AAPL also amazing. NP

Mon, 09/19/2011 - 14:43 | 1685568 TruthInSunshine
TruthInSunshine's picture

AAPL is the new "dummy hold" for mutual & hedge funds, as in held as a matter of autopilot (just as Jobs has resigned and it's probably at or very near it's all time highs).

Mon, 09/19/2011 - 14:43 | 1685569 SheepDog-One
SheepDog-One's picture

Whats really funny to me is 3 weeks ago everyone said that stocks would have dropped 20% by now for QE3 to be ushered in....now all that needs to happen is a 1% drop in gold to give the all-clear for Bens QE3 trillions fest. Too funny.

Mon, 09/19/2011 - 14:50 | 1685602 TruthInSunshine
TruthInSunshine's picture

This pattern is the same thing we saw in 2007-2008.

Everyone who has a vested interest in the can being kicked calls The Bernank a genius - right up until the time that equities crash 40% to 50% within a 9 month period of time (at which time Bernanke's critics roll the tape on all of The Bernank's incompetent past calls, once again).

Mon, 09/19/2011 - 15:53 | 1685869 NotApplicable
NotApplicable's picture

What you're seeing is the process of manufacturing consent, where all ideas go from being initially preposterous to absolutely inevitable under the eyes of conventional wisdom.

Mon, 09/19/2011 - 14:42 | 1685565 game theory
game theory's picture

Most of those cars and trucks were abducted by aliens.  This recall will require the aliens to return.  Krugman is *very* happy.

Mon, 09/19/2011 - 14:43 | 1685570 ReactionToClose...
ReactionToClosedMinds's picture

A Keynesian Wet Dream: "700 Trillion Cars And Light Trucks Need Recalling"

pretty funny ..... who gets props for comedy at ZH?

Mon, 09/19/2011 - 14:43 | 1685571 jdelano
jdelano's picture

Yay! 2:30, no volume melt up time!  (Shoot me please, I'm so fucking bored.)

Mon, 09/19/2011 - 14:47 | 1685589 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

If they all have broken windows it will be even greater for the economy!

Mon, 09/19/2011 - 14:49 | 1685597 PulauHantu29
PulauHantu29's picture

QE3 or "civil unrest" Bloomberg says.

I guess he means jobs, spending, capital investment and stuff like that, eh?

Mon, 09/19/2011 - 14:53 | 1685622 doomandbloom
doomandbloom's picture

Ahhghh...agh agh agh....AAAaaaagghhh!!!

Mon, 09/19/2011 - 15:01 | 1685647 reader2010
reader2010's picture

Here comes the depression trade.  Are you ready? AMZN is eating everyone else's lunch except for supermarkets. 

 

http://stockcharts.com/h-sc/ui?s=amzn

Mon, 09/19/2011 - 15:05 | 1685658 Piranhanoia
Piranhanoia's picture

detroiasahi, planet of cars;  The beings of this extraordinary planet are small cars and light trucks. They are just one of the dozens of worlds where this apparent phenomenon exists. Current estimates are that  8 to the 42nd as a round number of likely inhabitants. This figure is not likely to be accurate due to the lack of reporting from these planets and our reliance on  field representatives who don't seem keen to go there.

If you intend to visit and are a carbon based life form be careful should you have any likeness or bodily potential to be proccessed and used as a hydrocarbon based fuel.

The Hitchhiker's Guide thanks you.

Mon, 09/19/2011 - 15:25 | 1685731 stant
stant's picture

gov motors  recall notice. engine sounds like monkey with hammer. recall notice work order "removed hammer from monkey"

Mon, 09/19/2011 - 15:32 | 1685764 Georgesblog
Georgesblog's picture

Yes, this is bureaucracy, the good old fashioned way. Ted Kennedy would love it. Hire one crew to dig the ditch, hire another crew to fill it back in, and underwrite the project with the stroke of a pen. Now, a trillion is only a figure of speech. Following the money trail is fun that never ends.

http://georgesblogforum.wordpress.com/2011/09/16/the-four-money-questions-update-09-162011/

Mon, 09/19/2011 - 15:35 | 1685770 zerozulu
zerozulu's picture

This is the fucken biggest problem the world is in right now. Any way here is the solution of your problem. Sit on the passenger side. Your problem solved...

Mon, 09/19/2011 - 15:36 | 1685776 blunderdog
blunderdog's picture

This is so stupid.  Clearly Krugman would be having a wet dream here...

THIS is the solution to the unemployment problem!

For safety, any car driven in the rain or snow needs someone strapped to the roof to make sure that water/snow thrown into the drivers field of vision is promptly removed. 

If you figure these are minimum-wage jobs, they're perfect for teens, ex-cons, folks without higher education, etc.

700,000,000 million jobs overnight.  1 for each car that has to be recalled otherwise.

Mon, 09/19/2011 - 15:58 | 1685899 New_Meat
New_Meat's picture

Ya, I remember when Nancy Pelosi was saying we'd be losing 500,000,000 jobs/month

http://www.youtube.com/watch?v=x8hMJVXt09E

Those pesky numbers.

- Ned

{OT--Came across this:

http://www.youtube.com/watch?v=cjCxq9a7XB4

Is it our very-own Mikey?}

 

Mon, 09/19/2011 - 16:06 | 1685937 anony
anony's picture

This is "Most Heinous Fuckery"!

Mon, 09/19/2011 - 16:29 | 1686038 reader2010
reader2010's picture

"I love Jim O'Neill. I love that Goldman Sachs guy. He says you either get it, or you don't. I don't get it. In the future there will be a Confucius saying: the wise man not invest in overcapacity. The flaw of the business model, at the center of it is a craving for power as opposed to profit."

- Hugh Hendry, 2010

=========

 

But, Hendry fails to comprehend that in every single country power brings in profit$ big time.  

Mon, 09/19/2011 - 18:13 | 1686343 MarketMinds
MarketMinds's picture

So when do they start recalling all babys born after 1913?

Mon, 09/19/2011 - 18:53 | 1686471 Jessica6
Jessica6's picture

Oh, it's a real press release, and is still on Marketwire's site... ROFL...

www.marketwire.com/press-release/700000000-million-cars-and-light-trucks...

That's some real quality um, whatever it is you do... 

It's headlines like these that make it obvious how much 'headline news' is actually just some press release somebody paid for but most people don't have a clue what financialcontent or any of those other 'aggregators' and website feeders really are. Most of the time the line between news and press release is frighteningly invisible.

This one is just a reminder why people usually hire PR companies to do their press releases, they are usually then at least intelligible...

Mon, 09/19/2011 - 20:23 | 1686794 Species8472
Species8472's picture

The wipers are they way they are because they wipe almost to the left edge of the dirvers side. If you reverse them then there will be an arc of unwiped wind shield on the left side, obscuring view to the left.

Mon, 09/19/2011 - 23:53 | 1687472 ricocyb13
ricocyb13's picture

JP MORGAN has 80 Trillion USD in derivative bets ???

http://www.youtube.com/watch?v=8OOXKrxStn0

start watching at 35:00

Mon, 01/23/2012 - 00:50 | 2087714 leo_21
leo_21's picture

SBT Japan is the leading used cars exporter in Japan. The head office is at Yokohama,Japan but the company is operating several other offices in different parts of the world. It is the most reliable supplier of auctioned cars globally at affordable price.

SBT Japan | SBT Japan

Thu, 06/28/2012 - 03:20 | 2567514 leo_21
leo_21's picture

Online car scam is frequently observed now, this is because car is an expensive purchase and it involves huge amount of money therefore one should be very careful about the fraud and phishing websites.

http://www.pmgt.co.jp/

Do NOT follow this link or you will be banned from the site!