A British Bear Opines On Meredith Whitney & Unemployment (Clip)
Jul 14, 2009 at 9:16 AM
DailyBail in comedy video, economic video, goldman sachs, themodernmystic, u3, u6, unemployment

Comedy Hour: An interesting British chap who doesn't like Meredith Whitney's appearance but gets turned on by her use of financial nomenclature:

"She's just not my sort of woman at all--big, blousy, blonde, American woman. Not my sort. Not my sort at all. But then she talks about off-balance sheet SIVs and MTM accounting and dirty talk like that, and I'm just captivated."

He is 'TheModernMystic' on youtube and seems to have a decent following there. It's part comedy, part solid discussion of U3 and U6. Give him a chance. You might be surprised.

Commentary, summary and link from SD:

"Goldman Sachs and Bank of America, because they are running on taxpayer's money, will make money.  But what's the economy going to do with 15% U3 and anywhere near 30% U6 unemployment [BLS blue pill and red pill seasonally adjusted U.S. national unemployment rates for the uninitiated.]."

"But the American market goes up over 2% [on Meredith Whitney's Goldman Sachs bull call].  Despair!  That's it.  I've finished.  I might go and watch the interviews now.  Bye."

DESPAIR! America's Next Top Model and America's Got Talent are on Wednesday night.  I may go home and watch them.  Bye.

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