Wry On The Rocks

President Obama offered his views on the stock market yesterday and noted that “profits and earnings ratios are getting to the point where buying stocks are potentially a good deal…”  Profits and earnings ratios Mr. President??  Did you mean price and earnings ratios maybe?  Obviously anyone that has his eye on the big picture like our Prez doesn’t sweat little stuff like P/E ratios, falling stock prices, trillion dollar budgets, etc.  Imagine how much fun Keith Olbermann would have had if George Bush had referred to profits and earnings ratios?  Speaking of Darth Vader, who is Keith smearing these days and does anybody care?  Hopefully he’s being paid in his parent company’s stock, i.e. maybe GE stock options at say $30!

Treasury Secretary Timothy Geithner has announced that he will aggressively pursue anyone avoiding income taxes!  If anyone’s got the playbook on deadbeats it’s our boy.  You go get’em Timmy. 

PS: Why does Timmy always look like a deer caught in the headlights?

Hot news from the National Bureau of Economic Research…countries with hotter climates tend to be poorer.  Researchers have even correlated it:  each 1 degree in Celsius inteprets into 8 percent difference in GDP or 1 per cent difference in annual economic growth.  Bottom line the warmer the climate the less per-capita income.  Bottom line: if I were selling high-end goods I’d be hot-footing it (no pun here) to points North.  Who knew Inuits were a prime market for Dolce and Gabbana?