Thursday, September 13, 2012

After all these years

Moral: Wherein we consider what Ben's announcement means for those in the middle.


What announcement? QE3, today, with low-level interest until 2015 or further.


Gosh, Ben, you've been sacking the savers for years now. Why are you running off after the chimera? It still stinks, even as it scrapes the stratosphere. Why? You know, Ben, that there is daily raking off, like cream being skimmed from the top, by those who run the casino.

If you would try to establish a monetary basis that had steady growth, acknowledging that we cannot have sustained economic prosperity when the mode for all (but the few - thank God for the Occupy mindset) is to pile on more and more debt, then we could see some semblance of sanity come back to the financial fiasco. But, no, your sweet digs there, at the Fed, are not much different than that of the fat cats at the Street (of course, Wall not Main). Go ahead, cater to the few. Just remember, it's the accumulation of the little people who make the economy.


By the way, Ben, to which of these Street realms will you go when you leave the Fed?


FT image
Too, you guys run out and pollute the Jackson Hole area yearly. Boondoggle that it is! Ben, are you trashing the US dollar and building up the chimera for your friends in China? You sure are not helping the average American.

Now, what we're seeing is a flow from very many small pockets to a very few big pockets. You know, Ben, that flow eventually dries out those with small pockets who then become dehydrated shells. From whence can these have any energy to build back what your chimera overlays?

What future is based upon the chimera? At any point, those who can will pull out, leaving scrapings for the most. You know that.


Let's talk, please, about how earnings (returns) in this realm are really nothing more than movement of money between pockets. Okay. Some make out like bandits. All cannot do so, nor have they ever been able to do so. Yet, talking heads keep pushing the illusion. Publication of the success stories of the few (those who can take from the chimera) continues to lead more down the primrose path to perdition. What a debacle!


07/31/2013 -- Ben cannot unwind or taper downhe has too many Doves.

01/15/2013 -- Force quiescence on the thing, regularly.

11/15/2012 -- SumZero, and more.

09/19/2012 -- Added Truth Engineering link to 09/15/2012 Remark. Faults are one way to learn. The perfect reek with hubris and arrogance. Yet, systems are that which we ought to make perfect (measurable attribute, definitely amenable to scientific study and public agreement. And, in most cases, systems that we know were built upon people in positions (roles, essentially -- action, decision, etc.) pertaining to the system. Now, we have computers playing analogous roles. How do we handle this? Notice that computers (the artificial, at large) implies 'systems' as their motivating force. But, in the new roles, it's the computer as the performer that we're looking at, usually without concern for technicalities (left to the nerds). The quality efforts out of Japan looked to limit the scope of faults (prevent them, in other words) which is not perfection seeking. So, we'll just say, for now, that perfection, like beauty, is in the eyes of the beholder. (wiki has a nice historical view)

09/15/2012 -- Laundrying? Yes, I know it ought to be laundering. However, it's on Facebook, to boot, so I'll let it stand. Why? Jungian, in nature, this type of oops comes about with technology (to wit, touch typing, fixups, et al) and will only get worse. I see it all the time in big-name, big-buck publications. But, this particular word brings to fore several interesting things. One is that 'labor' is seen to be like laundry. Get it to fit, use it, clean it, throw it out (almost like the proverbial tissue). Now, roles may be laundry-like; those who play the roles are not. In fact, that is one truism to bring forth. I've met a lot of smart people doing menial work. I've not met anyone of the upper crust that I would care to emulate (yes, indeed - I've seen a bunch). Of course, we're all human, with our faults. Yet, as history tries to do (or, that which is oriented toward indoctrination), we smooth over rough edges. Yes, those in power are without any sins; this is accepted for several reasons. From time to time, the human aspect shows. Why cannot it always be so? In the current context? No crapping human can ever attain the idealized state expected by voters (and dreamers and hopers). Faults ought to be celebrated. They keep us human and can help us be hubris-free.

09/14/2012 -- Ben ought to read Rick. Labor laundrying. Ben's continued largess to the fat cats will mostly go toward this type of activity. Read Warehouse Slave and weap [Jungian - as in, weep and reap your reward for allowing this to emerge as the supposed culmination of evolution (this is where our glorious State and its technology is leading us?)]. Aside: I've had (in my youthful times) several jobs that were remunerated with room/board and stipend (any aspersions of menial, etc. will just run off the back like water off a duck -- all jobs (of a legal variety) and the persons doing those tasks are worthy of respect (a lost adage - as everyone runs after accumulating moolah (sounds like ...) as if its represents the smarts that we ought to have -- yes, politicians are characterized by how much they salivate at the thought of moolah.). The first put a roof over my head, and the second fed me. The third, small bits to buy and trade used books. Fourth? Fifth? (yes, luckily, no illnesses - too young to consider retirement - et al). Too, I've seen the boardroom, and the posturing idiots collected therein (as a visitor, of course), and all steps in-between. When I say, folks, that we can run this crap (which it is, even with academic frills added -- ah, the bastardization of the glorious realms of mathematics rankles, to boot) with monk-like mentality (as in, fame, money, etc. not being of essence), I do know what I'm talking about. But, it's my duty, and challenge, to define how this would work. Somehow, the dream of America (where is Winthrop's city?) has descended monotonically, and sometimes exponentially, into the crapper. From whence the energy to get it flying again? By the way, if 'monk' is too religiously laden for you, we can use other metaphors. Take the military. Do you think that those who are being called 'heros' are remunerated (except for the O-class) adequately to the level of their service and risk? If you do, then you're part of the problem. Yes, we could keep the discipline level proper and the thuggery minimized. Or, we could use games played under rules. The whole economic/financial realm needs leveling (as in establishing playing field quality) and inclusion of referees sufficient to keep those in-line who throughout our thousands of human years have trampled over others (yes, fat cats might, at some point, turn to philanthropy -- does that balance their karmic effluence?). New royalty, these? Indeed! We need a sandbox (and, again, we could put golden sand in the box) for these people, in which they can crap all they want (they do the cleaning, to boot).

Modified: 07/31/2013

Friday, September 7, 2012

Ben's precipice

Moral: Wherein we consider that Ben can claim a little victory with consequences that will only be known much later.


We remember Alan's put and its effects (still being unwound and analyzed). What will we remember of Ben?


Watching Bloomberg, with 1/4 attention, saw a momentary flash of a graph. On it, there was a sharp drop being displayed. What was being graphed? Well, it wasn't the coming chasm (or whatever is the label for what is pending coming next January). What was being displayed was the long-term rate for Treasuries.


Well, Ben has been after that, for a while. So, does he have a sense of accomplishment? Does he have any qualms about putting a whole set of nails in the coffin of the middle class, and the savers? He's been putting it to the latter for a bunch of years now.


As Ben pushes toward the chimera (yes, bulls notwithstanding), things become even more dire for a whole bunch of folks. Who is not in dire straits? Those (some) playing games with the chimera, usually from a position that has plenty of backup (including, ultimately, bailout from the FED -- namely, we the taxpayers).


He wants things to be based upon this shaky platform that enriches the few and impoverishes the most. The notion of steady, and stable, seems to have gone with the wind. Yet, each who reaches effective maturity has had more elements of the stable than not. The rich know this (see 21 ways - at Business Insider); some try to keep the proper lessons from being learned by those who are most in need of the insights. Oh, find your own bootstraps is the message to one who doesn't even have boots, or if there are boots, the straps have been stolen.


On the 21 ways, it might be interesting to look at these in the context of the blog's viewpoint. Take #17, for instance, where the focus is on earnings versus savings. You see, the chimera, above, is thought of as earnings. Okay. Tell me truthfully, did those who rode on Zuck's coattails really earn anything (as in, what of value did they contribute besides big pockets, being at the right place at the right time, or some other pseudo-contributory role)? Yes, you guys, come explain this taking to us. What ought we call those 'gains' whose influence is mainly gaming that is meant to up the take of those who can (when the time to pull the plug arises) exploit these types of situations? Earnings? Remember, too, these 'gains' (even if very short term in nature) receive preferential tax treatment (thanks, those responsible for this). Ah, we'll have to look at that in more depth. 'earnings' can range from the hardscrabble income (can be characterized by so many examples -- from subsistence upward) to thievery (modern earnings, many times).

Ben, you really know better than to stoke this fire.


03/17/2013 -- The metaphor ought to be rats in the grain bin.

03/05/2013 -- Ben reigns, but the savers' faces are bruised from his slapping.

02/26/2013 -- What? Ben doesn't have any influence with his put?

12/13/2012 -- Don't know how long this page will be there, Daily Ticker. But, when I looked, 69% had said 'no' (hurt rather than helped) as to whether Ben has helped.

10/24/2012 -- Ben is sticking to his guns. Lucy people like myself will continue to pay through the nose. Thanks, big guy.

09/13/2012 -- So, Ben, backed up by his cronies, is doing QE3. As well, they're talking low rates until mid-2015. Why? So that the casino will continue with its chimera! We're going to end up with savers being sacked for more than 1/2 a decade. Preposterous. The main tale? Those with are doing fine and growing larger. Those without are more dire. In the middle, squeezed. The first class is a small subset, as we all know.

09/08/2012 -- Thanks are owed to Larry for being one of the few who stayed on message.

Modified: 03/05/2013