The Tetons weep

Moral: Wherein we stop to see the posturing in the western hills.

Say what? 2013 - Transitions, 2012 - After all of these years, 2011 - Financial piracy, 2010 Chimera II.

We are in the time of the annual pilgrimage, again. If only it were a pilgrimage. However, to whom would the oracles bow and pray (I know, it is the age of selfies, Lord, deliver us)?

It is really a meeting of the inflated heads who control money as if their bailiwick is central to any economy. Hence, posturing and preening before their peers.

Folks (of the money supply), we could easily barter, if we had to. Get over yourselves. Money? It cannot be eaten, nor breathed, or used for hygiene, ... Whence so much emphasis?

You see, gal and guys, your thing is more like plumbing. If only you could see that. Distribute the water and collect the waste. Okay? What? Yes, a utility ought to be how you consider your work.

We could use the heart and blood; but, the rapacious doings of finance (abetted by you people) keep us from using that (heart - wonderfulness, to the extreme. Okay? That could be applied to anything of the FED?).

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William Gaston, in the WSJ, had some nice thoughts, which are below: 8/20/14 - Shared Prosperity Is a Moral Imperative. Perhaps, some day we could use moral in talking about the FED (will not hold my breath on this, though). To quote William:

In recent decades, the gap between the compensation of corporate leaders and that of their workers has increased many times over. The surge of the financial-services sector produced a new tranche of packagers, traders and managers who enjoy almost unimaginable wealth. Meanwhile, middle-class families have been treading water, and many parents fear that their children will do worse. (emphasis mine)

Nice, William. But, will the FED listen? 

Let me add one thing, for Janet. The current policy is pushing people to play the ca-pital-sino (not this old guy, talk to me about reasonable economics) where there are several problematic issues. For one, it's aerated (only a small percentage get their bucks - beyond those taking the cream daily - do you really need a lesson here?). Yes, the boat is floated with gaseous matter. And, most people are heavier than can be sustained (except on paper). For another, William says "treading" (as if they have the energy to do so). The real fact is that most are trying to not succumb to the flaying that has been going on for so long (thanks Ben). 

Methinks that these people would love to be like Isabella and Mortimer, partying while poor Hugh was disembowelled (Note: the spectators had "delight and merriment" at his expense.).  

Remarks:  Modified: 08/26/2014

08/22/2014 -- Flaying the savers will not solve the "What recovery?" problem. Finance caused the problem; it got bailed out; the current mode just reinforces "moral" turpitude (wait! is that the goal? screw everyone worse this time around?). Having the low rate is supposed to put people back to work? Ben, at least, mouthed the need for fiscal approaches. We ought to have had a jobs program a long time ago (opportunity missed; just like we missed out on nationalizing those institutions that created the problem - namely, banks).

08/26/2014 -- Gosh, Trish Regan (USA Today) has it right. However, even those (most of them) who think that they are gaining only think that. The cheshire multiple (plus insiders raking off the cream and other manipulations and ...) says otherwise. And, it does not have to be this way. ... Much to discuss.