October 17, 2014 has quite a chill in the air. Americans wonder whether the polar vortex will return, hoping instead for El Niño. Atlantic City is bracing for yet another attack by the old pirates who are threatening to close the Taj unless the workers and actual taxpayers give even more concessions. Legend has it the Boss has appointed a “representative” to the casino. Hurricane Gonzalo is head-on for one of the Queen’s colonies of the past…the beautiful island nation of Bermuda. The markets are rebounding after a scare brought on by the algorithm’s perceived chances for exponential spread of Ebola, and the low chance of long run investment in things likely to help the economics for the masses. French economist Jean Tirole won the Nobel Prize in Economic Sciences for work on regulation and large market share. Economist Vladimir Putin of Russia is with Germany’s Merkel and Italy’s Berlusconi to discuss the oil-rich Ukraine. Dark clouds lurk over Hong Kong. The hands from all around huddle in depression over dwindling self-sustaining employment, the increase in global violence, piracy and the dread climate change.
Here it is the middle of October, 2014. Things aren’t looking so good. Economists are calling for fiscal policy such as infrastructure investment to aid the masses, noting that long run investment has been thrown overboard in favour of very short run gains.
Legend has it the Canadians are struggling with a housing bubble, and the Europeans are teetering on deflation. Not much news is coming out of South America. And the global markets are on a slide, the US dollar is “strengthening” against most global currencies, with prices of stocks and oil most notable. A sea yarn has it the carry trade, deflation, lack of liveable wage for the masses, propaganda, misinterpretations of monetary policy, and austerity measures as well, are all to blame. Gains for the stock markets this year are just about gone, or so goes the story. Hedge fund managers struggle with the slide. The Fed has announced it will keep interest rates low if slow growth persists. Although the US unemployment rate has come down below 6.0 percent, Federal Reserve Chairman Janet Yellen is looking at many indicators to learn what is really going on. Legend has it Russia needs at least a hundred US dollars per barrel of oil to stay afloat. President Obama flies in robots to fight terrorism in the oil-rich Middle East. People wander about with stuff on their backs. One global economist suggests using the oil for a Global Skyway, with jobs for all across the globe producing the scalable “lego-like” pieces needed, using 3D printers and rapidly growing plants such as hemp or bamboo. Global scalable wind/solar devices for small and large buildings alike, electric car plug-in “gas” stations included, are also part of this economist’s shopping list for building a new 21st century infrastructure. Protests continue in Hong Kong, with protestors claiming the middle class is being squeezed…a global phenomenon. Inequality continues to rise with low wage growth, and nations continue to struggle. Ebola threatens countries in Africa, and a man has died here in the US after contracting the disease while taking care of a person struck with it. Rumours have it that there is a cure for Ebola which can be made from the tobacco plant, and that a breakthrough in the eradication of diabetes has been made. California continues to suffer a terrible drought, and a superstorm named Vongfong is hitting Japan now. Cyclone Hudhud blasts India, and a tornado outbreak hits the mainland of the US of A. A tropical storm is pestering the Caribbean and another one is coming off of Africa now, headed directly for the Caribbean at this time. Supposedly an agreement has been reached with regulators and large global banks concerning credit default swaps. Animal spirits are low. Here it is the middle of September. Everyone is eyeing the stock and
currency markets and the incoming “newly” discovered information as well. Scotland will vote on her independence from England and the UK in a day or two. And, the grand conspiracy to fix the LIBOR, foreign exchange (currency) markets and the shadowy derivatives market with her “dark pools” of “private” corporations is finally emerging out of the mist. Legend has it some five big banks have been named by the CFTC for behaviour warranting criminal action. This case has been forwarded to the Justice Department of the US. Many wait on edge to see if the Justice Department will turn down this case or take it. And many are waiting for the FOMC report (from the Federal Reserve) to be released, anticipating a “change in language”. Hedge funds have been charging “outrageous” sums to pension funds and are now being eyed. One desk is called “Treasure Island”. California’s pension fund is pulling out now. And one legend has it there is a boss hedge hog interrupting NJ’s traffic and savings, dipping into the“till”, as it were. Monopolies and oligopolies are on the fire again, and the US is headed for her biggest ever IPO (initial public offering where a company goes from private to publicly owned by sale of stock). The corporation is a global Internet trader hailing from China, selling “supplies”. And mysterious Mother China injected 81 Billion into her banks overnight, boosting the markets[1]. Surprise! It is the beginning of September, 2014. Mario Draghi of the European Central Bank has announced a lowering of the benchmark rate for Europe, and the acquisition of securities (QE) as well. The Euro-USD exchange rate had been running above 1.3, but now it is running a ways below that. Oil is averaging less than a hundred dollars per gallon, and gasoline is about three dollars and twenty cents a gallon here in the Atlantic City Area. Gold is approximately 1260 USD per ounce. Approximately five thousand people have lost their casino jobs in Atlantic City. Rumour has it the markets are going to crash. Another has it major inflation will hit hard. Robots that look like a molecule, with squared off atoms appearing to be the size of ping pong balls, can be programmed to join together and turn themselves into many different useful objects. Legend has it customer data from five banks and a home improvement retailer has been stolen. President Obama is at a pow-wow overseas to quell the violence in the Middle East and the Ukraine. India has been flooded. There was an earthquake in California…and a volcano in Iceland is being watched, very carefully. The weather has been quite cool this summer; it is almost as if summer never really came this year. Here at the end of August, 2014, it is becoming quite apparent something/s need to be done just about everywhere. Houses surviving the last Great Depression need to be brought forward. Houses surviving from the nineteen sixties need to be brought forward. Houses that are tents, etc need help. Homeowners just can’t seem to make it. They can’t afford the right appliances, sustainable building materials and wander the planet with belongings in wheelbarrows and cars. Corporations are picking up the real estate left and right, and other “input” to boot (one very important one being information). Meanwhile, some US corporations, even ones receiving subsidies from the US taxpayers, continue to buy corporations from other countries, and station their headquarters “over there” instead of here to avoid paying US taxes, a process known as “tax inversion”. Nothing much has been done about it so far, which comes as no surprise, and many call this Congress “the do nothing Congress”. One Congressman is suing President Obama for overuse of power. Meanwhile, immigration and tax laws are in desperate need of a revamp. Inequality in income is approaching the highest levels the USA has seen since her birth. War, protests, earthquakes, volcanoes, floods and poverty are breaking out everywhere. Argentina has gone into default, blaming the “vulture capitalists”. China is attacking monopolies and oligopolies. It is the end of the first week of August, 2014. Mergers and acquisitions and IPO’s are at the forefront of the conversation. There was a massive security breach on the Internet, and a gigantic collection of usernames and passwords have been stolen, or so goes the story. Some global information/trade companies have advocated the use of retinal scans and fingerprint verifications aboard the “new ships” as additional security protection amidst outcries that this electronic information will also eventually be stolen. Popular belief has it that it was the Russian geeks behind these “hack attacks”. And most unfortunately, in retaliation of increasing economic sanctions (trade embargoes) against Russia levied due to annexation of and violence in the oil rich Ukraine, President Vladimir Putin has now banned imports of food to Mother Russia. Many hope the poor Russian people not involved in stirring up all the trouble can get the materials and information necessary to grow their own food indoors, and collect energy at their homes. Economist Vladimir Putin is well liked by his countrymen and I don’t think he will let them starve intentionally. But nevertheless, international trade is going to be bumpy as Europe and the USA have lost a customer, and that can’t be good, especially as GDP continues to be regarded as the main measure of a nation’s health and wealth. And legend has it that austerity programs in Europe are failing miserably, with deflation and unemployment on the rise. See naked shorting for a wee-bit more about August, 2014. And the leaders of Africa now, a continent of approximately fifty countries, have arrived in Washington DC for “trade talks”, amidst protests from messengers rumoured to be from Ethiopia. Meanwhile, legend has it that the BRICS (emerging nations including Brasil, Russia, India, China and South Africa) have started their own global bank. A deadly virus called Ebola is attacking the poor people of Africa, and an experimental cure given to a few health care workers returning from this battle into the US of A appears to working. [1] Many thanks are in order to the Bloomberg Corporation and to her London crew. The naked shorting/naked short selling page has just been updated, and the helicopter heads page as well. Hopefully they are now reflective of recent happenings.
Many thanks are in order to weebly.com for me blog. Here it is, from the end of July 2014:
It is the end of July of 2014. Many thanks are in order to http://weebly.com. Many thanks are in order to Google and to Wikipedia for help in searches and understanding, and to Weebly.com for the edit post button. And many thanks to Microsoft also, for without Microsoft Word itself, without AOL, without Oracle, IBM and Verizon (MA BELL) running in background…And without the awesome artists and scientists (the shipmates of Earth) none of this would be possible. The stock markets are beginning to either adjust (correct) or crash…I hope this isn’t a coyote type of thing. None of this do I understand but the real Old Pirates are NOT at bay, but are rather loose and encircling the globe. Well, the corporations are being run by algorithms, not people, at least according to the legend, and some are not very nice. Maybe a few are pretty good and do work well with the mates but not good enough, considering the increasingly increasing returns to scale. Big boxes, gathering momentum...should there be one cloud that makes things fair…one? There is violence and poverty all over the place. Legend has it the old pirates and the bots are busy cutting and pasting again, forming a new type of financial instrument that doesn’t have a name yet, at least not in this book, but these things are derivatives of corporate debt...ready-made debt on the debt on the debt....The insurance on them is accelerating, at least according to legend. This all sounds very similar to the MBS/CDO/CDSspectacle from September 26, 2008. And legend also has right now that the "assets" no longer need to be "borrowed" before being sold on the market, but the "assets" must be covered (bought) within five days. And there is no need to have any direct interest in the real physical assets behind it all, including the globes information, which is of the people on this planet, at least it was before the old pirates started stealing it all without the people knowing, a large set of processes which began somewhere in the 1980's. Things are flying around…instruments created and sold like hot potatoes…More skin in the game is needed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!![1] In other words, if firms are going to create these bets then they ought to retain their financial stake in them instead of sending them flying around and refusing to take no responsibility when they crash. Catch the spirit! There are many people "boxed in" around the world. So, instead of cutting up and trashing the world's capital, can we make something positive today? Put our good technology for productive use in the real physical world instead of fussing and fighting over the history of the great spiritual leaders, of all things. What a terrible waste of the mates and the globe's capital. It is a crying a shame. "No Woman No Cry" (many thanks to BOB MARLEY AND THE WAILERS). SOS! All the mates need something positive to do that they are paid for! [1] Many thanks are in order to the ever awesome Sheila Bair Haz clic aqui para modificar:
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