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(Marketwatch)   10 explosive bubbles that will kill capitalism, break into your home, raid your fridge, and knock up your daughter   (marketwatch.com) divider line 50
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5987 clicks; posted to Business » on 03 Jul 2012 at 12:07 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-03 09:25:20 AM
Your worst enemy.....

www.mrbubble.com
 
2012-07-03 09:33:55 AM
 
2012-07-03 09:47:27 AM
I guess I am an explosive bubble, then.
 
2012-07-03 11:05:09 AM
I had an explosive bubble this morning.
 
2012-07-03 11:52:26 AM
My fart bubble is pretty explosive and dangerous...
 
2012-07-03 11:55:38 AM
4, 5 and 6 are going to spell the end of the Republican party.
 
2012-07-03 12:10:52 PM
Until all lobbying is banned, its all going to implode.
 
2012-07-03 12:23:20 PM
Ya'll missing the chance to make this a bubble butt / great ass picture thread.

/at work, no decent access to bubble butt pics to share
 
2012-07-03 12:27:22 PM
and a troll will argue every one of those as both good or bad
 
2012-07-03 12:27:37 PM
The author keeps using that word, "bubble". I do not think it means what he think it means.
 
2012-07-03 12:27:56 PM
I would argue that democracy as practiced in this country is a much larger bubble. It is completely unrealistic for a good percentage of voters to become educated enough on local, state, and federal issues and politicans that they can vote with confidence. It takes a lot of time to understand the intricacies of how government works and the predicted impacts of various new acts and bills (e.g. the Affordable Care Act) and if you've got two kids and two jobs and no spouse, you're just not realistically going to be able to keep up.

One interesting argument for a vast expansion of states' rights is that it might be more feasible for voters to remain informed about issues in their own state. They might be more inclined to vote, period. Of course, some states will vote themselves into oblivion (California comes to mind) but at that point, maybe they'll have a "rock bottom" moment and reform from the ground up.
 
2012-07-03 12:29:00 PM
Welcome to Fart.
 
2012-07-03 12:35:24 PM
The "bubble" cliche has jumped the shark.
 
2012-07-03 12:42:27 PM
the_vicious_fez: Of course, some states will vote themselves into oblivion (California comes to mind) but at that point, maybe they'll have a "rock bottom" moment and reform from the ground up.

I've been waiting for California to come to its senses for the past three decades, and instead it's gone the opposite direction. I think it's going to take running out of money entirely and not being able to borrow more that will finally force the issue. Of course, we're going to try to put the arm on the feds first, à la Greece and the Eurozone, so if the rest of you are smart you'll be ready for this and beat the hell out of Congress if it even thinks about bailing Cali out.
 
2012-07-03 12:43:57 PM
So having government and business leaders working together to systemically destroy the American middle class is bad for the economy? The hell you say.
 
2012-07-03 12:45:12 PM
Don't forget tulips!

upload.wikimedia.org
 
2012-07-03 01:19:58 PM
How does Paul Farrell still have a job? I swear every column of his I've read is just unhinged rambling about the coming apocalypse. Yeah, some of these things are serious problems, but the guy doesn't seem to have anything intelligent to say about it.
 
2012-07-03 01:27:19 PM
Smeggy Smurf: Ya'll missing the chance to make this a bubble butt / great ass picture thread.

/at work, no decent access to bubble butt pics to share


Not at work, so...

www.shotpix.com

www.shotpix.com
 
2012-07-03 01:29:05 PM
jlez: How does Paul Farrell still have a job? I swear every column of his I've read is just unhinged rambling about the coming apocalypse. Yeah, some of these things are serious problems, but the guy doesn't seem to have anything intelligent to say about it.

My thoughts exactly.

MarketWatch link about doom and gloom? Must be a Paul Farrell article.
 
2012-07-03 01:43:58 PM
wombatsrus: Smeggy Smurf: Ya'll missing the chance to make this a bubble butt / great ass picture thread.

/at work, no decent access to bubble butt pics to share

Not at work, so...

[www.shotpix.com image 640x385]

[www.shotpix.com image 309x700]


May your beer ever stay cold and never go flat
 
2012-07-03 02:14:58 PM
jjorsett: The "bubble" cliche has jumped the shark.

The bubble bubble has burst?

Too bad for Paul Farrell. He overinvested in bubbles at the top of the market.
 
2012-07-03 02:19:53 PM
This report brought to you by a bubble-headed bleach-blonde.
 
2012-07-03 02:24:28 PM
#1: That's been the plan. The way to single payer is to break it and bail it.

#2: I've been thinking about starting a Constitutional Convention PAC to call for a revision of the constitution. Some of the clauses need to be better defined, and I think it's the only way we could define a person as a human and not a corporation.

I'd comment on the rest but this post would become TLDR material and I think the only way to fix most of these things would be for a good case of bird flu to sweep the planet.
 
2012-07-03 02:30:13 PM
He may be on a constant downer...but on this side of the pond (uk) it really does look like the whole thing is going to collapse at some point.

No politician will grasp the nettle and all that occurs is constant can kicking...capitalism really cannot continue as it is..no one has any money they just have debt...

Look at Greece it really has turned into a third world country overnight! He might be negative but he probably is right...the world will change in the next 5-10 years....
 
2012-07-03 02:31:58 PM
Education and Healthcare

Don't expect the costs of either to go down while the gov't continues to subsidize both.
 
2012-07-03 02:37:59 PM
moel: He may be on a constant downer...but on this side of the pond (uk) it really does look like the whole thing is going to collapse at some point.

No politician will grasp the nettle and all that occurs is constant can kicking...capitalism really cannot continue as it is..no one has any money they just have debt...

Look at Greece it really has turned into a third world country overnight! He might be negative but he probably is right...the world will change in the next 5-10 years....


Maybe the damn "job creators" I keep hearing Republicans praise could actually use their wealth to create some jobs and put some money (read: purchasing power) in the hands of the middle class. We'll keep festering until we start treating the middle class like the engine of the economy, rather than like slaves.
 
2012-07-03 02:40:10 PM
That article sucked ass. Fark you subby.
 
2012-07-03 03:15:04 PM
*POP*POP*POP*

I'm okay with this.
 
2012-07-03 03:19:18 PM
mw2.wsj.net

"Hey, look at me - I just had a great bowel movement.
You could have had one too, but you were too busy
KILLING CAPITALISM."
 
2012-07-03 03:21:40 PM
FTFA: In an update to his 1998 book, "A World Transformed," Scowcroft says, "once we were viewed as trying to do our best for everyone: now we are seen a being preoccupied with our own special interests," a myopic vision that reflects the trend among many politicians to govern using Ayn Rand's extreme capitalism.

Now you know why Grantham warns of capitalism's total lack of "ethics or conscience" and "its absolute inability to process the finiteness of resources and the mathematical impossibility of maintaining rapid growth in physical output."

No moral compass. No vision of the future. No grasp of the consequences of their short-term thinking. These three threats are merging into a critical mass that will trigger a scenario that will "bring capitalism down and America with it."


Paul Farrell is certainly a prophet of doom, and much of his stuff should be taken with a grain of salt. He's on the money here, though. I don't think capitalism or America is going anywhere, but selfishness and lack of any long term vision is a huge farking problem.
 
2012-07-03 03:33:01 PM
EighthDay: jlez: How does Paul Farrell still have a job? I swear every column of his I've read is just unhinged rambling about the coming apocalypse. Yeah, some of these things are serious problems, but the guy doesn't seem to have anything intelligent to say about it.

My thoughts exactly.

MarketWatch link about doom and gloom? Must be a Paul Farrell article.


Just for a laugh

Majority of Humans Holding Out for More Convincing Proof of Collapse

- Bloody revolutions in Egypt, Syria and Libya

- Violently suppressed protests in Iran, Greece, Spain, England, Canada, USA, Russia...

- Economic collapses in Greece, USA, UK, Spain, Portugal, Japan, Italy...

- Devastating natural disasters in Chile, USA, China, Japan, Haiti, Pakistan, Australia...

- Ongoing wars in Afghanistan, Iraq, Pakistan...

- Bloodshed, war, rape, poverty, enslavement and mass genocide in the Congo, Somalia, Sudan, Malawi...

- Imminent threat of World War 3 starting in Israel, Palestine, Iran, North Korea, South China Sea, Pakistan, India, China, Phillipines...

- Catastrophic oil spills and ecological disasters as increasingly desperate attempts to find oil show that we are running out of easily accessible middle-eastern supplies in the Gulf of Mexico, Canada, Nigeria, China
 
2012-07-03 04:28:09 PM
When he focused on the "common good, it became quickly apparent that capitalism in general has no sense of ethics or conscience. And probably its greatest weakness is its absolute inability to process the finiteness of resources and the mathematical impossibility of maintaining rapid growth in physical output."

This we call the Myth of Perpetual Growth, the pseudo-scientific justification for modern capitalism.

Grantham concludes that capitalism's flaws are so deadly that while it does "a thousand things better than other systems," it fails in those three crucial areas. And "unfortunately for us all, even a single one of these failings may bring capitalism down and us with it."

Get it? Capitalism is committing suicide and destroying America too.


upload.wikimedia.org

Approves.


Let's see:

Barrack Hussein Obama, President of the United States is a born in the skin and bone Kenyan Neo-Marxist. Check.

Billionaires Warren Buffett and George Soros turned Neo-Marxists by their billions. Check.

China, India, Russia and Europe all gone Commie. Check.

Jeremy Grantham, founder of a $95 billion dollar GMO firm turned Neo-Marxist. Check.

Nobel Prize Winner Paul Krugman turned Neo-Marxist. Check.

Al Gore, a chubby commie environmentalist doom sayer. Check.

Yep, Marx has finally and completely been vindicated. He said it was the most advanced members of the bourgeoisie in the most advanced nations that would bring on socialism, and now the GOP is proving him right every damn day, whereas history itself was somewhat recalcitrant until recently.

Bite my shiney metal medicare-cushioned ass, comrades!

Join us in the Communist Paradise for Re-Nedification. It's blisssssss!

Or else another business cycle crisis is just driving the loonies further around the bin.

Fox decides and I deride.
 
2012-07-03 04:37:06 PM
The solution to your health care bubble.

Healthcare Lobbyist soup.

Take a large stone, fill a stadium with water and bring to boil. Add stone.

Remove fat and bones from 3,300 healthcare lobbysits, set aside for the dogs and kittehs. (125 pounds dressed weight each)

Throw healthcare lobbyists into boiling water. Truck in root vegetables such as cabbage, carrots, onions, potatoes, etc. No need to wash them. There's plenty of water in the stadium. Boil for one hour. Turn down to a simmer (this may take a few days). When water reaches a simmer, serve.

Alternative recipe: Corporations are not persons. Only a citizen who is a person can donate money to a political campaign or pay for advertising for or against a party, candidate, or political position. Change the laws, not the scoundrels who write and impose them. Limit donations to a maximum of say, a total of $5,000 per election, divided between parties and candidates.
 
2012-07-03 04:41:39 PM
images.wikia.com
 
2012-07-03 06:12:17 PM
What does "the death of capitalism" even mean?
 
2012-07-03 06:47:33 PM
10 explosive bubbles that will kill capitalism, break into your home, raid your fridge, and knock up your daughter

assets0.ordienetworks.com

"I've seen it a million times"
 
2012-07-03 07:51:32 PM
wildcardjack: #1: That's been the plan. The way to single payer is to break it and bail it.

#2: I've been thinking about starting a Constitutional Convention PAC to call for a revision of the constitution. Some of the clauses need to be better defined, and I think it's the only way we could define a person as a human and not a corporation.

I'd comment on the rest but this post would become TLDR material and I think the only way to fix most of these things would be for a good case of bird flu to sweep the planet.


Butt fetuses (fetii?) are people, and people are corporations, therefore corporations are fetuses (fetii?) and we must protect them.

/i like big bubbles and I can not lie...
 
2012-07-03 08:26:13 PM
neversubmit: EighthDay: jlez: How does Paul Farrell still have a job? I swear every column of his I've read is just unhinged rambling about the coming apocalypse. Yeah, some of these things are serious problems, but the guy doesn't seem to have anything intelligent to say about it.

My thoughts exactly.

MarketWatch link about doom and gloom? Must be a Paul Farrell article.

Just for a laugh

Majority of Humans Holding Out for More Convincing Proof of Collapse

- Bloody revolutions in Egypt, Syria and Libya

- Violently suppressed protests in Iran, Greece, Spain, England, Canada, USA, Russia...

- Economic collapses in Greece, USA, UK, Spain, Portugal, Japan, Italy...

- Devastating natural disasters in Chile, USA, China, Japan, Haiti, Pakistan, Australia...

- Ongoing wars in Afghanistan, Iraq, Pakistan...

- Bloodshed, war, rape, poverty, enslavement and mass genocide in the Congo, Somalia, Sudan, Malawi...

- Imminent threat of World War 3 starting in Israel, Palestine, Iran, North Korea, South China Sea, Pakistan, India, China, Phillipines...

- Catastrophic oil spills and ecological disasters as increasingly desperate attempts to find oil show that we are running out of easily accessible middle-eastern supplies in the Gulf of Mexico, Canada, Nigeria, China


lolz, the canadian governments obsession is oil oil oil.. putting all their cards in to one industry.. its going to kill Canada eventually
 
2012-07-03 08:27:49 PM
HMS_Blinkin: Maybe the damn "job creators" I keep hearing Republicans praise could actually use their wealth to create some jobs and put some money (read: purchasing power) in the hands of the middle class

They are...just not in this country.
 
2012-07-03 08:47:56 PM
I'm thinking of changing careers. 'Harbinger of Doom' seems to be big these days. If idiots like this can get paid, I figger I can spin up a few whoppers and get my cut.
 
2012-07-03 09:38:43 PM
Capitalism is unsustainable? I'm shocked.
 
2012-07-03 11:42:44 PM
So.... dude just listed a bunch of things that might not go perfectly, put the word bubble on the end and got attention....

im impressed.
 
2012-07-04 12:46:05 AM
Strangely, every time I hear a story about someone who "got a degree" and has to work some non-professional position, I never hear about what the degree in question was.
 
2012-07-04 02:41:43 AM
10. Capitalism Bubble

Should be changed to, "Mercantilism Bubble." Capitalism has been dead (to the extent that it ever existed), pretty much every place on Earth, for the last 100 years.
 
2012-07-04 02:42:54 AM
jjorsett: the_vicious_fez: Of course, some states will vote themselves into oblivion (California comes to mind) but at that point, maybe they'll have a "rock bottom" moment and reform from the ground up.

I've been waiting for California to come to its senses for the past three decades, and instead it's gone the opposite direction. I think it's going to take running out of money entirely and not being able to borrow more that will finally force the issue. Of course, we're going to try to put the arm on the feds first, à la Greece and the Eurozone, so if the rest of you are smart you'll be ready for this and beat the hell out of Congress if it even thinks about bailing Cali out.


You're going to be disappointed when California is still here, and still a donor state long after the red-state shiatholes have "won" their race to the bottom.
 
2012-07-04 02:46:17 AM
jso2897: You're going to be disappointed when California is still here, and still a donor state long after the red-state shiatholes have "won" their race to the bottom.

You know how I can tell when someone has no clue about how economies function? When their debate is limited to catch-phrases and slogans, like "race to the bottom."
 
2012-07-04 03:51:05 AM
Dokushin: Strangely, every time I hear a story about someone who "got a degree" and has to work some non-professional position, I never hear about what the degree in question was.

Does the fact that 1/8th of military aged persons in the world are unemployed not strike fear into your heart? I sure hope we find them them jobs before they find a "voice."

/There are always wealthy people who desire more power and see disaffected youths as an easy route.
 
2012-07-04 08:59:39 AM
DrPainMD: jso2897: You're going to be disappointed when California is still here, and still a donor state long after the red-state shiatholes have "won" their race to the bottom.

You know how I can tell when someone has no clue about how economies function? When their debate is limited to catch-phrases and slogans, like "race to the bottom."


You know how I know when someone has no clue about how economies work? When their predictions repeatedly fail to come true. I can toss generalities around with the best of them, my friend. As can you, as well.
 
2012-07-04 09:11:27 AM
www.hollywoodmemorabilia.com

...Bubbles?

/obscure?
 
2012-07-04 11:21:37 PM
jso2897: DrPainMD: jso2897: You're going to be disappointed when California is still here, and still a donor state long after the red-state shiatholes have "won" their race to the bottom.

You know how I can tell when someone has no clue about how economies function? When their debate is limited to catch-phrases and slogans, like "race to the bottom."

You know how I know when someone has no clue about how economies work? When their predictions repeatedly fail to come true. I can toss generalities around with the best of them, my friend. As can you, as well.


Good point. I was saying that real estate was due for a correction in the early 2000s. By the peak of the bubble, I was saying that the correction was going to have a major impact on the economy and that the only safe haven for money was in gold/silver (I also put my money where my mouth is and didn't lose a dime when the market crashed). My predictions now are that all the "stimulus" is just creating more bubbles: the stock market WILL crash, Social Security and Medicare will go bankrupt (and sooner that they predict), unemployment WILL go thru the roof, the federal government will have to choose between massive inflation and default (they will pick inflation), gold and silver will still be safe havens, and we're looking at several "lost decades."
 
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