Map-map

Moral: The effect of Janet's reign is coming clearer?

We finally heard from King Alan (more below). Prince Ben's take will be forthcoming shortly.

Yellen? Inconclusive, as of yet. Except for one thing that I noticed. Yes, the savers have been flayed. Will Yellen cut into the muscle (Moral) next? There are some stirrings of such.

Which brings us back to King Alan. He used map-territory in his title (see Summers' comments). The guy has to realize that from where he sits, he cannot get past map-map. Nor can any of those whose sole worldview revolves around money and measurement by money.

Oh yes, we see the takes gloating in their large pockets, enormous yachts, gigantic castles, and what not. Too, they can enjoy the size of the unfortunates who have to dependent upon their largess (by the way, only Ben has been noted for that, to date).

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We have been mostly silent, of late. Actually, the tact is to get more universal and proof based. Yes, indeed. Meanwhile, the machinations daily, from the providers and players, of the cheshire-chimera's playground are not of much personal consequence. Not even jealousy (as some cohort mentioned was his little sin for the day).

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So, back to map-territory. Is there territory that is real enough for us to grasp? Yes, as any mature, effective human knows, and they are legend (myriad'ly speaking). As said before, we're moving forward. Snail's pace? No, considering things that are "hard" (those things overlooked by the current thinking and modeling that casts off to the hapless all of the costs beyond a mere handful -- look, how else the big pockets? near-zero, indeed).

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In brief, Alan used the right words. Can an economist (even a behavioral one) really get to the essence of the problems without serious adjustment of worldview?

Remarks:  Modified: 09/17/2014

05/20/2014 -- Of course, a question is begged: can we ever get beyond map-map? You know, some wise guy (not Jobs by the way) might tell you that just recognizing the problem might suggest a first step toward seeing the territory (you see, that chimeric is normal gives those who can (ability) and may (access) the means to rook the system - one little example). 

05/20/2014 -- The markets were down (DOW 130+). Some talk chatter of rate rise. Of course, Janet will coo-coo just like Ben did. That is, talking soothing to the addicts who are rampaging over the economy with their inflated (via the Fed's largess plus fiat monies) gaming. ... Today, a report that millions of households are still under water. Let me remind you, too, the Fed is hold toxic assets from the recent barfing time. And, those millions are paying their mortgages; let me add, at a higher interest that those getting the goodies now. Sheesh, Janet, go, at least, to 1%. King Alan, see above, says that savers are the key. Was he referring to Ben's largess and the continuation by Janet? One couple has bought a new house. They said that they'll rent out the underwater house until the price gets to where they can think about selling rationally. Those are anecdotal, I know, but the idiocy has gone on now for years (and years) such that only a certain class benefits.

09/17/2014 -- The coo-coo, goo-goo goes on. The landscape is strewn with the lifeless bodies of the savers. Thanks, Janet.

Going forward

Moral: Janet persists in Ben's ways; once the savers are flayed of their outer coat, will she then start to carve out muscle?

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Let's see. Unemployment is down, by certain definitions. Things are progressing for some (but, is that not always the case?) while others labor (yes, capitalists' dream?). Too, the markets are hot and aerated (again, the FED's dream?) where the leeches can pull off real value daily (the only ones who actually benefit). Talking of leeches? The WSJ listens to the propaganda of the NASDAQ head (oh yes, he says, HFT is great). ... Ah, just too much,

The training wheels remain in place, and the punch bowl is filled every day. Sheesh.

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So, recall a look back from the turn of the year (Past 30 and All time). We thought that we would do that, again. Probably will make it a regular thing.

    Past 30 days                                  All time              

Well, on the right, "Chimera: sellers and buyers" (in essence, most will not get those values that are announced to them monthly with their, fictionally farcical, statements - yes, the WSJ recently had someone writing about the relaxed accounting rules that see income [without considering costs] as something to take note of) now has more reads than does "Computation, finance and engineering" which indicates something; for one, a post from 2013 came in over one from 2009. But, perhaps the "chimera" will be more fully recognized for what it is.

Now, for the shorter-term, "Near zero" seems to have come into focus. That is a key concept; any gain (especially by those whose intake is extremely bulbous) takes from myriads (oh yes, of those types that the uppers do not care about).

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As with anything, change have occurred in lots of ways and in all sorts of directions since the start of this blog. However, those early posts' basis is still there. One might argue that they ought to be re-written in a more up-to-date fashion.

Well, that is true. FB was not there to the current extent when this started. Other things have changed. Apps are now a fad. But, look at "Wake up, people, it's your right" for a view that I need to expand upon further. It has been touched upon a few times.

Look, the Magna Charta is getting a lot of attention now as 2015 is the 800th year of the first signing by King John. So,we have descendants of all parties concerned planning to have various types of celebrations. Ought to be fun.

We have mentioned the MC here (several times) starting in 2010. You see, labor needs it. The poor people of the earth need something like this to be protected from the rapacious ways of business as it goes around the world looking for the next set of people to exploit (out housing).

And computer (cloud) users need it to have a way to tell the pimply-faced wizards (I've been there) to back off (yeah, Zuck, et al). By the way, where is there any coherent of basics for computer safety and security for those who just want to use this stuff as it was intended (gift of God, if you must ask).

... Ah, too much, need we go on?

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So, I'm back to wondering when Janet will "mama" the economy rather than the screwing everyone like some "papas" (yes, if you must, the capitalists at their worst) try to do.

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Now, how to retool for the future? Evidently, Janet will take her time. We'll have to get from our PTIME view and be a little more proactive, perhaps.

Remarks:  Modified: 05/12/2014

05/12/2014 -- Yes, today, there's talk of negative rates. In other words, we pay the bank to hold our money. Sheesh. Is that not like cutting out the muscle (see Moral)?