Archive - Mar 2012 - Blog entry

Deals from last week tell me that we are are again in a credit bubble.

Wherein Tom Day of Sungard drops out of hyperspace just long enough to write the following missive on the PRMIA DC web rant soapbox and get a few hours sleeep.  Ode to Frank Partnoy. --  Chris

While SEC's rejection of a proposal by a group of religious institutions shareholders requiring an independent examination of Goldman's executive pay could be interpreted as a victory, it doesn't make the issue go away for Goldman 

Contamination, power shortages, and scandals: the people confront the almighty nuclear power industry. But no easy way out.

Some 68% of all Americans are overweight, and obesity has almost doubled in the last couple of decades worldwide.

Who's more foolish, the fool, or the fool who follows him?

Ray Dalio released a study he did on deleveraging. The piece was featured prominently here at ZH. I am a fan of Dalio, but his analysis was surprising. His interpretation of the economy is, remarkably, based on a very conventional ideas and is shockingly wrong. For a guy who is known for thinking out of the box and has who has led Bridgewater to become the biggest hedge fund in the world, he has got the deleveraging process all wrong. 

The Fed is not a “dealer” giving “hits” of monetary morphine to an “addict”… the Fed has permitted cancerous beliefs to spread throughout the financial system. And the end result is going to be the same as that of a patient who ignores cancer and simply acts as though everything is fine. That patient is now past the point of no return. There can be no return to health. Instead the system will eventually collapse and then be replaced by a new one.

Peak oil will scare us to death, peak water will kill us.

Ye mangey Goldman Skunks!

Retirement... off?

There's a lot of it even in Germany, but it finally has a way of measuring it

 I believe Central Bank intervention is not a drug or “hit” for an addict. Instead, it is a cancer that has spread throughout the financial system’s psyche and which is killing the markets and Democratic capitalism.

Listen up you Muppets!!!!! I'm rehearsing from my Goldman Interview, applying for retail stock broker, pushing Apple inventory :-)

Thank you Ben Shalom Bernanke for being the singular pompous PhD idiot who can take the yeoman's credit for navigating this entire golbal ship of financial farce into the sargasso sea of pinstriped fraud.