Thursday, June 18, 2015

Yellen is thinking, mainly, of stockholders?

Moral: Wherein we consider how things unfolded to now.

Yellen speaks; the markets inflate. Someone is priming the pump today; the main problem is that mom and pops are getting screwed (will be burnt). ... And, savers? Oh Lord.


First, we'll collect material, by type and time. Actually, Drucker (2011 article) discusses how this bit of insanity came about.
    2004 - Tangible versus not - 62 to 38 vs 16 to 84? Change in percent of tangible to intangible from 1982 to 1999. [stale link]
    2011- The Dumbest idea - make money or create a customer? No, cook the books (thanks, Jack).

    timeless - Investopedia - of course, we know, a priori, how their view will go.

We have to do more than just dampen the magical multiple.

Remarks:  Modified: 12/13/2016

06/18/2015 -- So, Yellen talks. No rate increase. Then, the markets jump up. Too, the wags (shrilly) start to say, come into the ca-pital-sino. We have several months of rise. ..., So, someone pumped (as in priming) up the system, today. And, we know that the huge leaps are the mere artifact of the accounting. ... Too, we have "investors" who are the focus (supposed). Good companies have gone toward a more balanced view in which customers get a lot of attention as do the workers who get things done and make the customers happy. What the hell does the investor do? Sit on their fat arses and give us attitude, as in, I'm entitled to this. Says who? Oh, Adam Smith (silly me)? ..., So, much to discuss in order to get a better framework. ... The WSJ recently quoted Friedman (the monetarist) who talked greed, this is the way, etc. Almost barfed, quite frankly.

06/22/2015 -- However far from effective this post might be, the message will improve. Just as we see Ben moving toward blogginess.

12/13/2016 -- New link from TradingSim (does not imply endorsement).

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