http://www.ft.com/cms/s/0/6c1e1668-d123-11dd-8cc3-000077b07658.html

Google bonus is smartphone not cash

I’ll be skeptical of this for a while yet. Especially when I read articles highlighting the fact that banks still aren’t accounting for how they’ve spent the $350B, and how the treasury dept has yet to fully disclose how those funds have been distributed either.

It just seems all to familiar. I’m not sure those days are entirely gone yet.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF_K_4jTKMxE

Silicon Valley Braces for Firings as Technology Outlook Worsens

This journalist is clueless, I am afraid. The peeps are doing what they do in any serious pullback…withdrawing money from investing and taking chances, and saving it. Any college freshman who has taken one economics course realizes this.

I really do get so tired of CNBC.. And if it weren’t for Santelli and a few other rational peeps, would never turn it on…

I think the employment numbers will turn very ugly about mid-January.

Seriously, I feel like such an idiot. I could have been living the good life for the past 5 years too instead of quietly paying down my mortgage. Maybe there’s still time to open a new mortgage on this house so I can go stand in line too. What is the point of being financially conservative and trying to do “everything right” even if that means you miss out on some of the gains during the boom years when you wind up with the check at end of it all anyway?

They made the value of savings worthless in terms of return to solve a crisis bought about by panic because people have no safety net (savings)?! Maybe I just need to get addicted to World of Warcraft or Aardwolf or something, those worlds look better and currency is still worth something there.

Barry, I think this overstates his view which, to me, sounded pretty dubious about growth in 2010

I too, think Mish may be closer to right as far as stimulus and what that will accomplish, but we’ll see.

I do think the e in p/e ratio will collapse faster than most think..I notice Starbucks has decided not to match 401 k’s this morning…

Mish has a good series on members of this school (who go by different names: Keynesians and Chicagoites)