Chinese Factory Worker...

can't believe the shit he makes for Americans.

FENGHUA, CHINA -- Chen Hsien, an employee of Fenghua Ningbo Plastic Works Ltd., a plastics factory that manufactures lightweight household items for Western markets, expressed his disbelief Monday over the "sheer amount of shit Americans will buy."

Above: Chen makes yet more stupid crap for consumers overseas.

"Often, when we're assigned a new order for, say, 'salad shooters,' I will say to myself, 'There's no way that anyone will ever buy these,'" Chen said during his lunch break in an open-air courtyard. "One month later, we will receive an order for the same product, but three times the quantity. How can anyone have a need for such useless shit?" - continued at the Onion

Hat tip to Mark in the comments at Brad Setser's Web Log.

Too Funny

From CNN:


Conundrum, hmmm? Boost interest rates, I must.

Personally I think Greenspan gets a little too much abuse but this is still funny.

Stop That!

If I turn and look up from here, allowing myself to squint a bit, I can actually see the stop levels on my long bond trade. Clearly there is a disconnect between what I see and what the market sees. I also would say there is a bit of a gulf between the Fed's view that o/n rates are accomadative and the long bond's view that the gov't has run out of paper to print bonds on.

While I'm at it does anyone out there really believe that the unemployment rate is improving. I am going to go out on a limb and say that some day economists will look back at this period and realize lots of people could not admit they did not have jobs.

No more bond shorts until we make it back above 4.57 yield.