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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

Another week closer to recovery!

By
Stanley Bing
Stanley Bing
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By
Stanley Bing
Stanley Bing
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March 6, 2009, 3:54 PM ET

No, but seriously. Every horrendous week that we suffer through this thing brings us closer to the day when everybody will wake up singing. We don’t really know when it’ll be. We will all have to go through a lot to get there. But it will come. And then there will be dancing in the Street and people will start getting jobs again and feeling like they can put their money in a bank without crossing themselves twice.

Until then, you know what I’d like? I’d really like to not have to continue reading big long articles or screaming blog posts telling me stuff I already know. Who needs it?

I’ll give you an example. Today the New York Times has a very well-written and well-reported piece on the fact that many “blue chip” stocks are now trading for chump change. Is there anybody who doesn’t know this? I don’t think so. I think the guy sitting on the heating grate outside my building knows it. I think people in Slovenia know it. Doesn’t this make it Not News? You would think so.

And yet here we are reading the same common knowledge over and over again every day, with everybody staring at their belly buttons and saying “Wow, it’s a belly button.”

Have a good weekend, everybody. Save a little money if you can. Spend a little too, if you feel like feeding this poor economy of ours. Either way, Monday will come either soon enough or too damn soon, depending on how you look at it. If you look at it at all. Or choose not to.

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By Stanley Bing
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