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.
Macro Notes
We don’t want your help because maybe we don’t need itPeter Boockvar
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
© Copyright Ginormous Content Limited 2010. All Rights Reserved.
Entries (RSS) and Comments (RSS).
© Copyright Ginormous Content Limited 2010. All Rights Reserved.
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.