Friday, July 15, 2016

FED-fed balloon

Moral: Wherein, we see how Janet is following Islam.

Last time, we looked at the Fed mania. After (many of) the Brits said that they have had enough of the high-falutin' folks of Brussels, and who can blame them, Janet talked goo-goo (like Ben, of old) to the addicts. Oh, no increase in sight. We might take away little bit of change that we gave to the savers last year, she said.

So, then, we got this inflated event on the chimera. It is well-covered in this blog just how much of a crappy game is that whole bit of things.

But, Janet ought to realize that Islam says no interest. She is almost there. Except, the bankers want to steal the money from people who have scrapped and saved over decades. They want to move it to the pockets of the fat cats.

Now, if Janet wants no interest, she ought to consider other laws of Islam. It's called Sharia Law. You can find reference to Islamic Finance in this blog, too. How do you think that would go over, Janet?

What are the impacts of negative interest rate policies currently in effect on the global financial market?

With this latest little bubbling, Janet could raise to 1%, let's say. Let the ball drop and see what the heck happens. After all, the Fed has been flying blindly for years now. Why not try a different angle?

So, savers continue to be flayed. Thank you, bankers.

Remarks: Modified: 07/15/2016

07/15/2016 --

Friday, July 1, 2016

FED mania

Moral: Wherein, we dawdle.

It's a holiday weekend. But, a new month.

Last week, Janet talked to Congress. The usual dancing about with words. Then, last Thursday, the Brits voted for Brit-exit. That is, they told the bureaucrats of the EU that they're tired of carrying the ball. And, that they, the Brits, would be better on their own.

So, on Friday, the gaming system fell. You see, addicts ran amok. Then, too, Monday. What is new about that? Janet? She was heard murmuring that she may have to take back the rate raise that she did earlier. Earlier? Let's say last year. This year, she had dawdled.

We only do it on holidays.

Guess what? Now, we are back to the same inflated state of the gambling system. To a rational FED, that would say, it's time to put the rates to something realistic.

When might the FED awaken? So, is the FED really tied into feeding the addicts? If so, when would we ever have a mature economy?

Meanwhile, savers are still being flayed as we have been for almost a decade. Thank you, FED.

Remarks: Modified: 07/01/2016

07/01/2016 --

Monday, June 6, 2016

World without Wall Street

Moral: Wherein, we imagine a world without Wall Street.

Amen.

What a wonderful thought. Thanks, Nitin Nohria of Harvard.


The good professor, among other things, bemoans that his father did not buy a house until he was 60. Ah, poor guy.

Listen, professor, I did not buy a house until I was 62. As well, I, specifically, picked a bank that did not sell the mortgage. Albeit, they did buy into that mania after the crash as they thought that they were going to pick up a diamond for nothing.

The reality? They got a lump of coal. Yet, me, great customer? I have been paying my mortgage all of these years despite Ben and Janet.

Now, if you abstract'd types want to hear about reality, I am here.

Wall Street? We could run this with the discipline of the military. Look, Professor. You ever think of those who are dutifully protecting those Wall Street idiots?

At one time, I thought monks. Say, those who would take a vow of poverty. Listening, Zuck?

But, being that this whole thing is a utility, we need to run it thus. And, that would mean non-profit. Then, we would need some sense of service, discipline, order, fairness, and so forth.

Cambridge had that early on before things went awry.

Oh yes, financial engineering is gaming of the worse sort since it is unfair from the get-go. I am still looking for the scientific basis for this "engineering" (tsk, tsk, MIT).

Remarks: Modified: 06/06/2016

06/06/2016 -- 


 


Friday, May 27, 2016

Janet in the news

Moral: Wherein we get back on track.

Janet is in the news in a new light. Janet will raise rates for bankers. Janet will have to deal with the results of Ben's "Faustian" deals, called QE. More and more.

Well, savers were flayed. I was slapped silly the other day in a bank. Again.

So, what is a sane person to do?

Go to Quora. All of these are my answers to very good questions.
Not an answer, by any means. Yet, does distract from the pain of an almost decade (thanks, King Alan, Ben, and Janet).

Remarks: Modified: 05/27/2016

05/27/2016 -- Later in the day. This headline, at Yahoo, indicates the stupidity of the current situation. This is the capitalism that we are all supposed to adore, bow to? Chimera, insanity, ...



Sunday, April 3, 2016

Coddling

Moral: Wherein we wonder about the morale of the savers (poor dears).

Janet is coddling the jerks. That is, these guys handle billions (trillions). They play games all day with other people's money. Live high on the hog.

Yet, they tantrum'd when Ben merely mentioned taper. Janet continues that kid-gloves treatment.

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This is a real brief look.

However, going back to the beginning, say 2006, we can come forward and note some lessons learned. We saw it better than Ben. We are of the savers who have been flayed.

Just last week, I went and was slapped silly again. The banker telling me that they don't want deposits. You see, they're not really banks anymore.

Janet ought to bounce up to 2%, quickly. Forget the little baby steps that she and the Fed talked about last year. Then, they reneged this year.

And, what have we now? 18K is way to high for the DOW. Oh yes, I know. The whole thrust is to have someone like me go into that silly game. Who will bail me out when the suckers pull out all of the value?

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There could be links here on all of these topics, but I have been ranting along this line for awhile. With reason and a rationale.

The Fed and its ilk need to be thinking of some type of platform that would allow more stable value'd looks than this market thing (Adam rolls over in his grave, continually). Somehow, the money'd crowd got their way. I don't know of academics who want to see stability.

That is because no one (elites, okay?) has really been done down here where we get slapped around all the time. But, the economy is for us, too. Actually, it is more for us. We are millions. Janet, you and your crowd, are a very small minority.

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Stable value. Yes. You float a bond. Then you pay the holder some bit of interest. Not talking a lot. Enough of these would then be sufficient for some little person to have a future.

Forget the big names and brains, like Jamie and all of the rest mentioned here.

The use of computers to play financial games is one symptom of deep problems. Yes. I can talk that.

How about taking that power and applying it to tracking stock? Yes, each one an entity. Who bought, sold, etc. Oh, get rid of the magical multiplier? You bet.

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Enough, for now. I'm coming back to work here and will lay out the strategy. I'm old. Janet will probably still have no interest during my final years. But, I'll describe how it could be, if those whose input to the whole situation has been warping things for years were constrained, seriously, like to a sandbox with diapers. Then, the mess that we have to clean up would be smaller.

Yes, we changed their diapers and are still dealing with their crap.

Remarks: Modified: 04/02/2016

04/02/2016 --

Friday, March 25, 2016

Computers, their ilk

Moral: Wherein we mention, again, to Janet, that coddling the jerks is not the thing to do.

Ben had his taper tantrum. What do we call how Janet's actions are taken? She appears to have some rational basis. But, not, really. It's a mishmash that is post John Nash, unfortunately.

Yesterday, I was slapped silly, again. Yes, the banks laugh as they don't want small depositors. No, they would rather play the games that Janet is enabling.

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Now, one problem is that we all want to see what is rational with regard to computer prowess. We know there are some things that the artificial beast can do better than can we humans. However, winning at Go (see Google's joy) is not to applaud.

After all, all of those Go masters were of an old culture. They embodied the cultural memes, to the extreme. Some little bit of neural equivalents (supposedly) hosted on silicon-embedded circuitry does not even come close to what those human represents.

Will not for a very long time, So, could not have asked for a better Good Friday gift: ranting bot. There will be subsequent analysis after a little time to see the reactions.

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Too, on Quora, I saw this. Big-daddy data. Gosh, if only Janet would pull the plug on this mania by raising the rate. Janet, you are coddling moral idiots in their trashing of our economy.

Remarks: Modified: 03/25/2016

03/25/2016 --

Monday, February 29, 2016

Leap Day, 2016

Moral: Wherein we stop to look at the passing of time.

We started this blog in August 2009. So, this will be our second Leap Day. However, it might be interesting to see what was going during each of those earlier times.
    2009 A year into the 4-year cycle. We started out by looking at basics (such as, Money). We also were making use of earlier posts about Ben's panic. One of our most-read posts was titled "Computation, finance, and engineering" and dealt with important issues that are still needful of attention.

    2012 By now, everyone (of rational age) was looking for some remission of low interest. We got our surprise, as Ben unleashed QE (infinity, some said). Then, he did his lectures (which we started to watch real time; but, it is more fun to do it later, with a pause button). 
As said, lots pending more attention. Too, all of this is coherent over time. We'll persist in laying down new tracks as well as spend some effort in pulling together themes, appropriately.

Remarks: Modified: 03/01/2016

02/29/2016 --