SNL: Don’t Buy Stuff You Cannot Afford
By Barry Ritholtz - December 13th, 2008, 5:00PM
Saturday Night Live: The sure-fire way to get out of debt.
"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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December 13th, 2008 at 7:13 pm
the beauty of this is that it’s a few years old.
what a novel solution – but that’s not the American solution… the American solution is to spend MORE to re-double your way out of the problem!
December 14th, 2008 at 12:48 am
heh, I saw that one originally, though I rarely watch. What a hoot. I had a big smile.
December 14th, 2008 at 8:32 am
I read the book and didn’t understand it either….Don’t they have one of those Don’t by Stuff You Can’t Afford for Dummies Books? I got one that says Stock Investing for Dummies and only managed to lose half my shirt this time….
January 9th, 2009 at 11:18 pm
This will go down in SNL history as one of the funniest skits (Alongside “I need more Cowbell and “D*ck in a Box”)….classic….and it IT IS a few year old. It interesting how the satirists/humorists are always a little ahead of the times…
Trading Strategies Derived from SNL skits.