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Title: Mcgowanjm Wire 2012
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Published: Feb 26, 2012
Author: Various
Post Date: 2012-02-26 09:15:13 by A K A Stone
Keywords: None
Views: 1403006
Comments: 2390
Mcgowinjm Wire Service.
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#776. To: A K A Stone (#0)
Also down by 4% to a mere $4.6bn were JP Morgan’s profits. While wondering how on earth they were going to manage on that going forward, my eye fell across a piece in the Journal telling how five US equity investment firm owners would be taking home a bonus of $94m each at the end of March. Bruce Willis diverting that asteroid and dying in the process…that made him worth $94m for the job. But nobody else is worth $94m for a year’s work. Nobody. And anyone who thinks so is a sadly damaged human being." From February, 2012 -hat4uk
Homo sapiens does not have the ability to make fundamental changes in its behavior. Nor is Homo sapiens much interested in the truth about itself.
All those fake numbers being put out by Wall Street, the government and CNBC showing magical growth on the Ponzi paper digit (Alice in Wonderland) side of the equation must be juxtaposed against the real world manufacturing economy that has been in decline for 30 years. This is the 30 year digital/Ponzi-paper inflation crescendo that has finally crested and, like an ocean wave, will curl over and break. This is also the 30 year engineered interest rate decline that has finally reached its nadir, 0%!
Let me try and rationalise that apparently intolerant statement. Had anyone come to me in corporate life and said they needed $94m to stay interested in the business, I’d have expressed sympathy for their plight, and fired them. $94m isn’t a bonus, it’s a bonanza leveraged into a bazooka for a bonehead who somehow puts a value on the ownership of meaningless amounts of money. Except, of course, money brings power – and that’s what these reptiles really want. Note the reptile 'thinking' reference.....;}
What did I say at the top? "Rising demand for easy money causes rising interest rates..." So what does a zero Fed Funds rate say? Zero demand for worthless money? I don't know. You tell me. Here is what I see: 30 years of digital/financial Ponzi-paper inflation has gradually decreased the efficiency of all capital investment, everywhere! Mal-investment is so ubiquitous now that it cannot even be distinguished! Confidence in the future is at an ALL TIME LOW! And mass-confusion about inflation, deflation, stagflation, etc... is at an ALL TIME HIGH! We have truly built our own Tower of Babel!
And so we come roundabout to today's news of JP MORGAN. The Greatest bank in the USSA. Normally a 6% drop in a stock is underwhelming. But in JPM's case we have the Inverted Pyramid above. That IS JPMorgan's Strategic Play. There's a very good reason you don;t see Inverted Pyramids in Nature. They're extremely unstable. A gust of wind and they topple. JPM just experienced a gentle gust.....;}
"The two reasons I’m rarely satirical about neocon economics is (a) it’s bad form, and lousy sport, to shoot ducks in a barrel; and (b) the effects of such braindead thinking are every bit as destructive as the ramblings of old Beardy Marx. This stuff can be funny – up to a point. After that point, it’s damned irritating…especially if you’re one of the poor folks. Ronald Reagan remains one of the most revered US Presidents because he cut taxes to create super-wealth which, he said, would trickle down. Well, it didn’t: it gushed upwards into f**kwitted $94m bonuses. "
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