Wednesday, December 16, 2009

Yes, its happened before, Roubini knows this,...does Main Street?

To put it less politely in more political economic terms, in 1937 the US was turning very isolationist as well; while overseas there were miracle productivity stats because of economic campaigns like national socialism. That's right national socialism, puts out dynamite numbers, just like the Chinese have in the past 20 years.

So it sort of dispels the notion that free market Capitalism is the most purest and most productive. Well, you say, National Socialism comes at a price and indeed you are correct; it often borders on slavery once the machine starts to discriminate on who's in control and who's controlled.

Nonetheless, we say down here at the bar; the bumps in the recovery are coming; and the World War III - deficit spending boost can hardly be tied to Afghanistan.

So where is the next run up and will it be national defense and security? Where do you want to place your money? The US plunged into massive deficit spending for WWII; reshuffled the industrial landscape with things like bank legislation regulation, social security and the right to collective bargaining (AFL CIO) and then went on a long ride; the prosperity party train. But this time its different; the party has ended; the US has printed way too much money to sustain the party and has grossly inflated the game stakes; depressing purchasing power.

Can we ever get to party central again or will the US house of reps take us to where we mentally belong; a third rate - third world - second rate empire?

There is not a vision among us to figure out the next decade; people whisper about renewable energy as the next frontier; but will the US population have the will to forge a new and free utiilty? No,.. they will watch while ancient cultures build modern infrastructures from the ground up.

Order up, please; double shots of bourbon, please.

Sunday, December 13, 2009

Paul Samuelson passes on






Yeah, the press branded him a liberal economist.

Saturday, December 12, 2009

If you know anything about the emerging energy markets, then you'll bet big on this financing notion,....



The new energy markets are here: ssshhhh, don't tell anyone: it will be a long time before main street discovers this. The energy currencies are getting formulated and even the bankers are gearing up for regulations to get in on the investments.

The REC, CC's, tax credits, solar carve outs, are all coming and will be traded just like the CBOE. Can you imagine; a new thriving industry coming with its own currency. The Chinese won't have to push the yen to surmount the dollar benchmarking.

Believe me, the generation of swine's offspring will know what to do; they won't have a choice.

Now here's the good news,....




Yes, the top heavy American taxpayer soaked funding defense industry is actually looking at the future of energy technology; cause they know that Germany, Japan, and China aren't waiting for the nod from the US.

Remember DARPA's big win was the internet funding; the only trophy coming out of Advanced Research Projects. Maybe we'll get lucky again; but don't bet on it - America struggles with things like health care reform. The only way it passes through Congress is through C-section.

Roosevelt shrugged,....




Please note that Dow run up - coincides with the coming of age of the boomers - froth and funny money brought to you by the legacy generation born during the 50's? Party's over people: time for the American's to crack the books for the new final exams.

Did ya think?,......

Tuesday, December 08, 2009

Congress's last act before 2010.


Tuesday, December 01, 2009

Goldman staff should carry swords not handguns

Monday, November 23, 2009

Hold on Tim,....here's where the coaster ride torques,....

I don't think studying the 1930's was big at the Dartmouth campus in Hanover.

Not one of those popular curriculum items; studying Roosevelt and the first three years of his administration fell way out of fashion when the world fell apart during the great world war ll apocalypse.

It's all come back with this massive deflationary supply side downslide and those demagogues, ah, I mean wing-nuts,...and now the journalists are angling for blood.

Tim, take a page from Paulson's book; he let Lehman hang and then watched the whole firm choke and gasp for air. We need symbolism; blood, a stoning, something to satiate the mobs (and the mainstream dysfunctional press). Maybe Ron "the nutjob" with the help of Congress can hang a few comrades from Goldman and then everything will simmer down again. At least showcase a few Goldman VP's in committee's.

But get this, the legacy media is succumbing to the populist rage; here's the Christian Science Monitor (and the NYT) postulating that the sky is about to fall. Perhaps it is, judging by the quality of the financial press, it's plain we are doomed.

Saturday, November 21, 2009

And the mash ups aren't very good either...



There's a slight uptick around 2007. No doubt oil price increases were due to the first single release of Lady Gaga, or is that Christina Aguilera?,....no I mean Amy Winehouse.

What was the number one song of 2008? I think it was Hank Paulson singing, .."Unforgettable",......!

Here's a Republican examining his colleagues performance issues: file it under "national schisms".




"The human capacity for self delusion never ceases to amaze me,......"...starts Bruce Bartlett as he tracks the health care voting records of his party affiliates. From self delusion to hypocrisy: a harsh critique from one who was at the party's center helm. Hmm.

Bruce; please accept your lifetime membership to the BSJE - drinks are on the house for you should you choose to pull up a stool.

What did the banker say? He said, regulatory structure is essential for getting investments into the new energy economy,....



Would you invest in the new energy technologies today, if you had a pile of money? Not without a lot of research. It's risky investment because the rules of the game have yet to be developed. Yes, a new generation of technology emerging; a new energy industry transforming the way things get consumed and bartered - waiting for policy to shape the competitive landscape.

Who's holding this back?

You guessed it, once a leader now a whiner - the same country that is transfixed with its own static image - a population very much uneducated and dumbfounded by its charter; a two party system that is so polarized it can't even reform a sick health industry without hundreds of special interests trying to maintain the status quo,.....

.....an infotainment media that substituted hard data for fluff,....a,....aw, forget it will you,........

it's Saturday morning and its time to roll out the boiler-makers while watching re-runs of Bonanza.,,.....

Friday, November 13, 2009

Perked, with permits: this property has unlimited potential. Developers, bring your architect: townhouse potential with astonishing views.

Here's your chance at buying some paradise; getting off the grid and getting away from it all. Sky views that will amaze - unencumbered by atmospheric particulates.

Just a matter of time before they develop the greens; one recalls someone teeing off back in 1969. Paradise found.

Did we mention "old world charm" and "won't last at this price?".

Monday, November 09, 2009

BSJE is looking to partner with retailers - emerging trends in homogenity fashions - experience with green/red broadcloth, hats and pin labels a plus.




Sunday, November 08, 2009

The American Economic hangover; the G of S grope for pain pills,...

What is this apparatus? Looks cool.

It is cool, it's very cool in fact; it's the latest renewable energy (non fossil fuel) hardware coming out of Germany. Vacuum tubes with copper inserts - also in a vacuum - filled with water and absorbing sunlight in order to heat things. Renewable energy technology. Not available at Home Depot - uh, huh.



Somewhere overseas, someone has a job at a clean room - fabricating and controlling very high tech manufacturing processes in order to export state of the art technology to a world in dire need of alternate energy resources. How did they do it?

They did with public/private investment stimulation. A government goading private concerns to take tax credits for research and development. Looks like they're ready for market.



Ok,. so what's this? This is a Department of Energy chart. If you recall, the Department of Energy was neutered by an un-named political party because it hadn't quote,.."discovered any oil or coal deposits.". The chart shows the cut off for tax incentives in alternate energy - pretty evident - you can see by 1986, the efforts at alternate energy were crushed.



That didn't happen in Germany and other northern European industrial nations; they don't have domestic oil wells and hedged when it came to reliance on foreign oil imports.



Here's Ronald Reagan shaking Milton Friedman's hand sometime before 1986. Ok,...enough,....pour me a double shot please.

God bless the market purists; they scored big victories in the 80's and have bestowed a few generations new career opportunities to clean up the mess.

Thursday, November 05, 2009

"We know they're expensive but look at all the foreign students they're educating,...."

Poor Jack, we feel your pain....

Jack, I hear your cries of desperation. They are the same cries elicited by the industrial titans of the 1930's. Look out the Government is coming and it will choke off the deal making that investment banks need to keep the big engine churning. God forbid, they'll reinstate Glass-Steagal.

But Jack, isn't your panic a big knee jerk right now,..and isn't it a bit sophomoric when you point at the White house and Senate Finance committee chair (small potatoes) when you should be pointing at Beranke, Geitner, Volker, and Roemer, and the 75 or so other economist graduates of Goldman who advise and advise and advise - in a Larry Summer's kind of way. I mean you know finance, right? You traded off old manufacturing models and built GE capital. You know the difference between nice fat highly leveraged loan structures vs. those boring straight line loan structures. I mean, you know those Main Street small business loans aren't worth putting on the books.

Jack, brother, adjust your sights please, you have no reason to complain. The GE house of cards fell (50% decline in share price) and lucky for you - you found yourself with a new career in the magazines; count em, Vanity Fair, Vogue, the New Yorker, Fortune, Time, and other publications that adored the buzz you made with the trophy...ah the new wife.

Jack, where are the turbines? Too little, too late? And God knows, we can't pay American wages to manufacture them. Yes, Jack, I think we have some structural issues on hand, but let's see what we can do to preserve those glory days when money was so cheap; stock prices got inflated, services and salaries and CEO benefits got conflated, inflated, and saturated with G of S signatory aggrandizement.

Jack, have your scream at the world but there is always the free flat on Park Avenue and the house in Nantucket to get some needed rest. Not to worry, I think we'll be buying wind turbines in China pretty soon, and maybe light bulbs and electric turbines, and jet engines as well.

It's a long walk out of this crisis Jack. From Volker to Greenspan, we've ginned up an economic system that marginalized the fundamentals - year after year - market froth after market froth. Question? What should we do Jack? Should we build things or should we just shove services at each other? You know and I know the Banks don't see the profits in manufacturing; the Banks - like GE Capital - followed the hedge funds and the casino model.

Come clean Jack; Geitner and Beranke are taking a hard look at the banks because they chased the high finance and couldn't police themselves.

Tuesday, November 03, 2009

More powerful then a Hilary Clinton, able to leap pedantic questioning from a vapid Congressional committee, look up in the economic summits,...its a

historian, a tenured Professor, it's an Economist!

Thanks for all your hard work Christine. I'm sure your watching the "new" new deal with eyes wide open.

Pretty amazing; here's Christine writing policy behind the Obama-nomics and not one - not one inquiry from the legacy media news bureau's.

Brad, your country needs you,....Letterman, Leno and then Stewart and Colbert and then the biggest comedy show,..."Meet the Press".



Eight tenacles and counting. How do you do it, oh master of the Econ universe (and more)?

Monday, November 02, 2009

Former Reagan Fed chairman speaks but does anyone listen? We report, you decide.



Reagan's main economic advisor knows the party is over; but will the Americans embrace sobriety? I mean inventing and building things? Is there a cable channel I can watch on this?

Sunday, November 01, 2009

Steve Colbert and John Stewart meet H.L Mencken's modern protege,...Mr. Frank Rich. Hilarious Frank, keep it coming.

Somehow I think Charles Manson and Gore Vidal are also entwined with this,.....conflicts and contrasts,...






Where's Alan in all this market philosophical soup?

I imagine that Frank O'Connor had to have some very terrifying private moments. Frank, you get an engraved barstool from the BSJE bistro.

Tuesday, October 27, 2009

Option trader discovers the Kondrietiff wave theory. "Gee, ya think this phase of Capitalism is over?"






I have several hundred shares in linotype futures,...lots of print newspaper stocks,...a bunch of Lehman shares,...oh, did I say Enron? I got some of those,....should I do my walls with the certificate paper? I wonder if the glue will hold?

Monday, October 26, 2009

Looks like DARPA tipped their hand toward the next generation investment funding.





Gee, just like it supposed to be - invest in new technologies and see if there's any market traction? Goddamn government.

Sunday, October 11, 2009

Elite liberal highly educated economist telling us the truth again.....damn!






"Daddy, is Mr. Krugman's editorial title 'tautological'?

Tuesday, October 06, 2009

Brad Dulong, your country needs you now!



You have to read this one; this will make you shudder. It's been a relatively quiet summer despite the wingnut ministrations. But looks like the New Yorker hasn't given up on micro analysis and the irony of history. It's journalism bent and skewed and great reading. You still have to walk in Larry's shoes and call the plays - be they good or bad.

Sunday, October 04, 2009

"Hello,...is this Atlas?,.....yes, yes,...no,...this is Alan Greenspan calling,......"

"Yes, ahh, Atlas,.. I wanted to know if you could help assuage the American public of some of their angst,..."

"Did I say froth,..no I said assauge the angst,,....!"

Wednesday, September 30, 2009

Economic scholar emerges from moon river.

The scholarship, the research and those publications; Brad Dulong step aside; this septugenarian not only sings; he's got his hands on the dark science; the science of the beast.

Andy, there is a stool ( a real barstool- not the other kind) waiting for you at the BSJE lounge; take your seat and file to the right of this column and take your chair among the legacy economic scholars.

You're on the money with comments pal. The goddamn nation is going marxist and latter day crooner's like yourself need to garner revolt. Get the goddamn government off our libertarian backs!

What about medicare? Can we dump that god awful government program first?



Suck it up granny,...just hum moon river.