A MEAN MACHINE IN RED AND BLACK!
AINT NOTHING FINER IN THE LAND!
THAN A DRUNK OBNOXIOUS GEORGIA FAN!
GO DAWGS!GO DAWGS!
GO DAWGS!GO DAWGS!
GOOOOOOOOOOOOOOOOO! DAWGS! SICK 'EM!
WOOF! WOOF! WOOF! WOOF!
Monday, August 31, 2009
FOOOOOOOTBAAAAAAALLL!!!!!!!!
WHAT'S THAT COMING DOWN THE TRACKS!
A MEAN MACHINE IN RED AND BLACK!
AINT NOTHING FINER IN THE LAND!
THAN A DRUNK OBNOXIOUS GEORGIA FAN!
GO DAWGS!GO DAWGS!
GO DAWGS!GO DAWGS!
GOOOOOOOOOOOOOOOOO! DAWGS! SICK 'EM!
WOOF! WOOF! WOOF! WOOF!
A MEAN MACHINE IN RED AND BLACK!
AINT NOTHING FINER IN THE LAND!
THAN A DRUNK OBNOXIOUS GEORGIA FAN!
GO DAWGS!GO DAWGS!
GO DAWGS!GO DAWGS!
GOOOOOOOOOOOOOOOOO! DAWGS! SICK 'EM!
WOOF! WOOF! WOOF! WOOF!
Wednesday, August 19, 2009
Wednesday, August 12, 2009
Very simplified but hilarious...enjoy
The financial crisis, as explained to a 14 year old, with a Pokémon analogy →
Kevin: Imagine that I let you borrow $50, but in exchange for my generosity, you promise to pay me back the $50 with an extra $10 in interest. To make sure you pay me back, I take your Charizard Pokémon card as collateral …
Let’s say that the Charizard is worth $50, so in case you decide to not return my money, at least I’ll have something that’s worth what I loaned out.
But one day, people realize that Pokémon is stupid and everyone decides that the cards are overvalued. That’s right—everybody turned twelve on the same day! Now your Charizard is only worth, say, $25.
At the same time, you’re having trouble paying back the $60 you owe me. So what would you rather do: try and pay me back the $60 or just default and give me your $25 Charizard?
Olivia: I’d give you the Charizard.
Kevin: Exactly. Who wouldn’t? Now, the bank — I mean me — has lost $25 when I expected to make $10. What’s the lesson here?
Olivia: Pokémon is dumb
Really, our economy would be in a much better state right now if financial institutions had traded in something more stable, like Meowth cards.
Kevin: Imagine that I let you borrow $50, but in exchange for my generosity, you promise to pay me back the $50 with an extra $10 in interest. To make sure you pay me back, I take your Charizard Pokémon card as collateral …
Let’s say that the Charizard is worth $50, so in case you decide to not return my money, at least I’ll have something that’s worth what I loaned out.
But one day, people realize that Pokémon is stupid and everyone decides that the cards are overvalued. That’s right—everybody turned twelve on the same day! Now your Charizard is only worth, say, $25.
At the same time, you’re having trouble paying back the $60 you owe me. So what would you rather do: try and pay me back the $60 or just default and give me your $25 Charizard?
Olivia: I’d give you the Charizard.
Kevin: Exactly. Who wouldn’t? Now, the bank — I mean me — has lost $25 when I expected to make $10. What’s the lesson here?
Olivia: Pokémon is dumb
Really, our economy would be in a much better state right now if financial institutions had traded in something more stable, like Meowth cards.
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