If you understand this, you might be almost as much of a nerd as I am.
(Source: typicalerinn)
Now that is one Proud dog
Come shadowfax let us show them the meaning of haste
Oh my god the noises I made oh shit water up my nose
That pug is the very essence of dignity.
Look at this majestic canine.
DED!
OH FUCK I read the line about shadowfax and almost pissed myself I was laughing so hard.
I know, I know, the anorexia/waifishness and body issues and unhealthiness and SETTING THE WRONG PRECEDENT. But I fucking love Kate Moss and I always have.
I’ve been arguing that the nature of US debt now is not, despite appearances, all that different from debt post-World War 2, when we pretty much entirely owed the money to ourselves. Now, of course, some of the money is owed to foreigners; but as I pointed out, America has large assets abroad, not too much less than its liabilities.
But wait, there’s more. American assets. often taking the form of foreign subsidiaries of US corporations, earn a higher rate of return than US liabilities — especially now, when there’s a lot of foreign money parked in Treasuries, but this was true even before the crisis. As a result, income from US-owned assets abroad — the blue line below — consistently exceeds payments on foreign-owned assets in the United States, the red line:
Again, if your image is that we’re deeply in hock to foreigners, that our extravagance has condemned us to a future of debt peonage, you’re wrong.
From Paul Krugman, as always.
