Chimera, again

Moral: Wherein we stop to reflect, now that the chimera's sirens are calling again to the hapless to put their money on a shaky foundation since Big Ben continues with his sacking of the savers and with his infatuation with collecting toxic assets (see Remarks, 02/01/2011).

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As such a move may imply more effort than the mere look back, to wit 7oops7 and truth engineering, which could be claimed to be a space-filler, though we did earlier succumb to the temptation.

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There have been some recent developments that need to be considered. So, we'll be getting to those. For now, here's a list.

• From a technical sense (read Quants), the SOS approach looks to overcome a whole lot of problems involved with complexity which exacerbate some basic issues. Yet, using an intuitive approach (which is suspect in certain circles), one has to think that projections squish some part of reality (we'll get to how, and why, the best-and-brightests' overlay on the rest of the populace grates) while lifts trample (due to the assumptions that go into such -- oh, by the way, the chimera is an example of a 'lift').
• The FCIC. Oh, much to say about this (see 2008 (4 posts) bullet). Wait, did the committee finger the contributions of King Alan and Big Ben? Too, mania can be used; it was fostered by giddy belief in the gilded wizards of the modern age.
• China will continue to play a large role. The combined count of the impoverished there, and in India, is double the population of the US. Yet, we envy them. Of course, is our house clean (next bullet)?
• In November, the voters went red, again. We are now under the regimes thereby elected. Are any of us angels? On the other hand, does anyone even think about beyond reproach, anymore? This story tells many tales. It is 'nuf just to point to it.
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• See Remarks: Also, the issue of value/worth (and money) is still open (Davidowitz' take). Anyone for culprits? Anything done for the systemic issues?
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Remarks:

10/05/2012 -- Yes, yes, chimera it is.

08/04/2012 -- I can hear it: with the DOW over 13K, what are you talking about using 'chimera'? Well, look at the dire warnings, for one. Are you looking at FB as a poster boy? We'll get technical and explain the problem. Do we have a solution, at this time? Yes, essentially.

01/27/2012 -- Ben will continue to sack the savers; he must love the ca-pital-sino.

04/01/2011 -- The last man wants the old days back.

03/23/2011 -- The hopes spring, again, forgetting, of course, near-zero, all because of M&M. See the real story. But, Big Ben ought to know better.

03/16/2011 -- On the rise of the professional politician (will there ever be the citizen polico? that is, those who do not salivate when a buck is passed beneath the nose) toward robber barony. The M & Ms are apropos. As well, need to bring in Schervish's viewpoint.

02/01/2011 -- Davidowitz says that the Fed is driving people toward the riskier side. We know where that leads, namely bigger fill for the pockets of those who run the game. Granted, these types can then spend, yet with the majority of the populace enslaved by chains of debt (including that yoke which is on the whole country), does that a sustainable economy make?

Modified: 10/05/2012