South Park Weighs In On The Financial Crisis

The recent South Park episode titled Margaritaville does not give the single worst recap of the financial crisis you will find and even if you are not a fan of the show you will probably laugh at least a couple of times. You can watch online here. The show is a humorous and simplistic deconstruction of the whole thing but I pulled one other thing out that while funny is also very true and something I have been writing about for ages. The screen shot I captured is of Randy Marsh in the middle of a lecture/rant to his family about how frivolous spending ruined the economy. He then continues on the same jag and emerges as a leader of sorts with his economic theories. As he stresses that people should only spend money on the barest of necessities he includes margaritas on this very short list of items that are essential. While most of us can laugh at the idea of a margarita machine being indispensable many of us take on absurd expenses that we are just as blind to as Randy and his margarita machine. The best thing I can say, because I am terrible at actually having this conversation with people, is that hopefully anyone who is as blind to something as Randy is to the margarita machine can muster the introspection to recognize the behavior. Now a little about the market’s most recent sell off. At this point it is unlikely that too many people are having an emotional response to the what might be the end of the rally. At some point on the...

South Park Weighs In On The Financial Crisis

The recent South Park episode titled Margaritaville does not give the single worst recap of the financial crisis you will find and even if you are not a fan of the show you will probably laugh at least a couple of times. You can watch online here. The show is a humorous and simplistic deconstruction of the whole thing but I pulled one other thing out that while funny is also very true and something I have been writing about for ages. The screen shot I captured is of Randy Marsh in the middle of a lecture/rant to his family about how frivolous spending ruined the economy. He then continues on the same jag and emerges as a leader of sorts with his economic theories. As he stresses that people should only spend money on the barest of necessities he includes margaritas on this very short list of items that are essential. While most of us can laugh at the idea of a margarita machine being indispensable many of us take on absurd expenses that we are just as blind to as Randy and his margarita machine. The best thing I can say, because I am terrible at actually having this conversation with people, is that hopefully anyone who is as blind to something as Randy is to the margarita machine can muster the introspection to recognize the behavior. Now a little about the market’s most recent sell off. At this point it is unlikely that too many people are having an emotional response to the what might be the end of the rally. At some point on the...

The Government Isn’t Running GM?

It looks like the government is forcing Rick Waggoner out and playing a big role in the Fiat deal with Chrysler. So is the administration playing the role of Board Chairman with GM and investment banker with Chrysler? I certainly do not have the answers here, not by any stretch, but hasn’t Fritz Henderson been part of the senior leadership at GM during all of this and I seem to remember Fiat making very unreliable cars. I must be missing...