“Badabing” points me in the direction of Financial Times video, where a complete fucktard by the name of Richard Milne, who is the so called FT European Business Correspondent… Talks shit with the Poisoned Dwarf. At first it starts of with very esoteric references to L, W, and bathtub shaped economic curves, whatever the fuck they are… But then, Sir Martin actually says a few rather erudite things… Like any government, on either side of the Atlantic worth its fucking salt, will have to cut expenditures and increase taxes to get out of the shithole we are currently in. But, as he also says, politicians will never do that, so we can look forward to massive inflation. He also says that the fucking “green shoots” shit we’ve been hearing from the Wall Street douchenozzles is a complete crock of shit. Who'd a thunk it… Me giving the diminished one kudos?
It takes one to know one!
Bring on the locusts.
Posted by: beth | July 05, 2009 at 10:52 AM
He's the biggest hypocrite.
Posted by: Very sad | July 05, 2009 at 12:29 PM
George,
It seems that the ass-clenchingly awful interview with uber douche Gareth Phillips you posted about recently has mysteriously disappeared. Love it.
Posted by: shitkikka | July 05, 2009 at 02:36 PM
He's not a business idiot, just a marketing idiot.
If he sticks to business he's a bit of a genius. problem is, he took over ad agencies and made a fatal mistake...he appointed thew wrong people to run them.
If the tale of Martin S. is indicative of anything it is that you should stick to a business you know.
It's why the "roll up" culture of the previous recession--where disparate tech companies were rolled up by people whose only qualification was that they had made previous money doing something not as sexy--created a tech bubble.
It is why the the recent culture--where bankers who create nothing tangible founded a shell game, called CDOs, that allowed them to make money on a product that was vapor and sell these products to people who were just as greedy--basically wrecked the world financial system.
I don't give a shit what Martin has to say about marketing, or about his uninformed and surly edicts about social media at Cannes--but I do care what he has to say about the operational aspects of business. About that stuff, he knows.
Posted by: adrefugee | July 05, 2009 at 02:40 PM
Cut expenditures and increase taxes.
Well said, but
what expenditures?
what taxes?
The U.S. has just embarked on a program to increase taxes and increase expenditures; the Germans are cutting taxes and decreasing expenditures.
Which has historically worked better to relieve the moment in a business cycle called a recession or a depression?
The Germans fear inflation uber alles so perhaps they are willing to endure the recession for a while longer to avoid the future of inflation. Unfortunately for them, they are part of the Euro currency and the risk is spread beyond what used to be Deutschmarks. The U.S. is increasing its money supply, but it seems to be stagnating in the vaults of the banks too big to fail. Perhaps they are too big to succeed too.
Posted by: Bastiat | July 06, 2009 at 06:31 AM
@Bastiat
i don't believe there will be tax cuts in germany. are they really cutting expenditures? public depth is on a historic high, as far as i am aware.
what i believe is that there will be elections in september. also, the unemployment statistics seem to be pimped. if i'm not mistaken, in reality, they already have 5 million unemployed people - a number which is 'officially expected' later on this year - post election. politics.
Posted by: pseudo | July 06, 2009 at 07:50 AM
GERMAN unemployment---they can just deport the turks
GERMAN tax cuts---reported in the economist---especially increased depreciation, big supply side cut...big business cut....
GERMANY'S biggest problem is they have fewer and fewer Germans...more and more gastarbeiters....
MERKEL resists any effort to inflate to solve temporary economic bad times....
Posted by: Bastiat | July 06, 2009 at 09:14 AM
@Bastiat
are you nuts or the devil in disguise? (that is a rhetoric question) your comment does not make sense to me.
germany's biggest problem is that the economy is focussed on exports.
do you have that economist link? there were no tax cuts. sadly, i have to leave you now.
Posted by: pseudo | July 06, 2009 at 09:44 AM
>>>>germany's biggest problem is that the economy is focussed on exports<<<<
you recommend then that germany follow an economic model based on imports....live off the fat of the land, but someone else's.....
the economist piece is an old fashioned link---check out the periodical index
Posted by: Bastiat | July 06, 2009 at 01:52 PM
Bastiat, I told you that you should only take a maximum of three pills a day. I think we have to talk about this when we meet next week. You know that drug abuse is dangerous, don't you.
Posted by: Sigmund Freud | July 06, 2009 at 02:42 PM
pseudo means that
Germany is basing its economy on production/supply. (I assume anyway that is what Herr Pseudo is saying. That is anti-inflationary which was my point.)
Herr Freud, as usual, is trying to return to the womb, actually any womb imported or exported or deported.
Posted by: Bastiat | July 06, 2009 at 03:27 PM
mr pseudo could also be saying that germanys economy [like any other economy, allegedly] is running on principles of growth, which are measured in money. as the german market, overall, is quite saturated, there can only be significant growth if companies enter other markets. if the other/developing markets suffer from the global crisis too...
Posted by: anti anti | July 06, 2009 at 04:43 PM
right
BUT
a society that consumes more than it produces is in trouble...
i interpreted herr pseudo's remark as saying that
germany produces more than it consumes and therefore depends on exports and
therefore has a problem.....
better problem, i would think, than the other way around
Posted by: Bastiat | July 06, 2009 at 05:07 PM
basically right just now. but it seems to me that developed countries export high-end goods, specialized technology and the like, preferably things that have a high profit margin. but they import things like raw material, gas/oil etc. or food, preferably cheap. not sure if this import/export balance looks that healthy either.
Posted by: anti anti | July 06, 2009 at 05:58 PM