Stacy Summary of the Day So Far: 22 September 2015

Stacy Summary of the Day: The British people have spoken – a PM putting his penis in a dead pig is not a turnoff to the electorate. At least not if said PM is a toff, apparently. I’m assuming outside the small island, it reflects rather more poorly on the state of the economy, politics and culture.

Speaking of that economy, the debt situation continues to deteriorate

under Osborne’s crush the poor, disabled and off-the-property-ladder-have-to-work-for-a-living schmucks seems to have caused the government to have to borrow more in August after a big drop in tax revenue from ‘zero hour’ contractors and from corporations. Headline: UK deficit rises steeply after surprise fall in tax receipts

Government department spending also rose in August compared with a year earlier, bucking the more usual trend of spending restraint. The combination of higher spending and lower tax receipts meant the cumulative deficit of £38.4bn this financial year is only marginally down on the £42.8bn achieved at the same point last year.

Speaking of corporations, things not going well for Volkswagen:

Nor for Groupon (remember them?):

Billionaire, Lloyd Blankfein, reports he has lymphoma. Thanks to all the ZIRP, Tarp and QE funds he’s received, he’ll be well able to afford any life saving pharmaceuticals from his cartel friends:

We’re hoping to visit Brazil soon where things are falling apart rapidly both politically:

And economically:

Brazilians who watch the Keiser Report will be okay. For now.

Speaking of currencies, old and new, everybody is talking blockchain – and now even the banks love it. Are banks actually going to start using bitcoin technology? Jon Matonis, for one, however, does not believe the hype. Headline: Banking cartels could use private blockchains as blockades

Will update here if anything interesting happens. Have a nice day!