Tag: The Broken Circle
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Let a hundred basis points bloom
Not a good analogy, but maybe the comparison will help me to think about one of the parallels. = = = = = The solid side of the parallel: ZIRP was an extreme outlier, totally unprecedented when Bugsy Bernanke ordered it in 2008. Previously the expected interest had pulled down to 2% at some points…
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Deeper dodge
Via Yahoo, Reddit has made its first revenue report after entering the stock criminal market. Before the IPO it was owned by Conde Nast publications. The report shows revenue of about 3 dollars per user, but that’s not profit. The site lost 7 dollars per user. As always VCs are seeking a tax loss gimmick,…
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WPA salesmen?
I’ve been focusing on WPA and related work since 2008. This year, for no particular reason, I’ve been focusing on sales and advertising after completely ignoring the subject for 72 years. Got curious about the connection. WPA definitely employed white-collar workers who had been discarded along with the skilled laborers when Wall Street bombed America…
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Pony in Oz
Jeffrey Funk gathers up a long list of fake AI successes. In each case the machine was only doing part of the work, with humans in India doing the rest. There’s a real Turk inside the Mechanical Turk. There’s a little man named Ramesh behind the curtain in Oz. The same illusion was forced on…
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All open now
The purpose of venture capitalists, and the stock market in general, is the EXACT OPPOSITE OF PROFIT. The stock market is the RECIPROCAL of real business. When real business prospers, the market goes to zero. When real business collapses, the market goes to infinity. VCs make the goal perfectly transparent. They invest to destroy business…
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Donating
Continuing the theme of Trump as LBO artist and gangster. Every company or country he touches goes bankrupt so he can grab the assets. Even if he DOESN’T grab the assets the company or country goes bankrupt. The Ankler included these numbers in one of their articles about developments in the media business: = =…
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LBOs all the way dooooooooooooooooown
And I do mean doooooooooowwwwwwwnnnnnnnnnnnn. Latest idiocy from the beautifully collapsing “journalism” industry is the strange hiring and firing of Ronna McDaniel, former head of the Repooflican party. NBC hired her and then immediately fired her when their own employees refused to work with her. That’s a good reason to fire someone, but why didn’t…
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Stop telling us to be nice.
More idiot niceness from an “opinion” columnist. He says we should listen to our opponents. STOP BLAMING THE VICTIMS. IT DOESN’T MATTER WHAT THE PEASANTS DO. As long as the monsters in charge are MAKING more wars and more problems at an accelerating pace, the peasants will try all sorts of pointless behaviors. Some will…
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Yes it is a conspiracy.
This CompactMag article by an architect discusses the shittiness of modern buildings. = = = = = START QUOTE: Life in a recently built apartment is like a simulation that’s constantly glitching. Your towel bar looks like a towel bar, but it can’t hold the weight of a wet towel without falling out of the…
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For once the admins are right
Via KREM: A group of WSU faculty is complaining about the current university president, saying that he needs to bring in more money. They want a new admin that will: = = = = = START FACULTY: Will implement effective strategies that bolster the academic and research excellence of WSU, along with its associated reputation…
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It was really The Street!
TIL, as they say, that Wall Street was an OUTDOOR AUCTION for a hundred years, and didn’t come inside as an organized exchange until 1921. The outdoor auction occupied the full width of Broad Street, not Wall Street, with traders shouting bids at each other. After telephones were common, the traders rented offices in facing…
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All themes at once!
Just for fun, here’s a news item that fits all of my current themes at the same time. = = = = = START QUOTE: A northern Minnesota electric cooperative is going after a couple for their alleged plot to siphon hundreds of thousands dollars’ worth of energy for two bitcoin farms. The civil suit…
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New understanding
When TARP happened in 2009 I was naively shocked by the utter corruption of both “parties”. I soon started learning more about finance and corruption, but I still haven’t figured out some of the reasons behind the crime. This clip of a current hearing in the senate gave me a rare moment of clarity. The…
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The rebirth of gravity
Thoughts on the ladder of evil. Hedge funds and ‘family offices’ are the purest expressions of the will of rich demons. They don’t pretend to need customers. NGOs and foundations are the swarming branch of ‘family offices’. Historically the foundations were the first to adopt evil ideas, and the first to spread those ideas into…
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Raw materials
The Ankler interviews a striking writer who makes a striking analogy. Every real business relies on raw materials or basic labor, and makes money by organizing and selling the materials and labor. “You wouldn’t have content, you wouldn’t be talking about streaming, if you didn’t have writers and actors to create the raw material.” Honest…
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