Perry Glasser

CONSPIRACY THEORY

In Business, Economics, Economy, Finance, Political Economy, Politics, Wall Street on February 12, 2016 at 1:09 pm
Janet Yellen

Wizard-in-Chief

Dollar$, always eager to explain the inexplicable world of Finance, that realm in which Wall Street Wizards and Corporate Buccaneers run rampant in their never-ending struggle to own, pervert, master, and control Political Weasels, has developed a theory.

 

Why should Plain Money Talk  be any different from every other blog?

 FACTS

2015 saw:

  • unemployment drop to new lows,
  • minimum wage adjusted up,
  • auto sales rise to recent highs,
  • home sales rise to recent highs with no speculative bubble,
  • the cost of gasoline and heating oil sink to new lows,
  • the United States become an oil exporter.

The Fed is so concerned at all this good news that Janet Yellen has begun to tighte credit, a tactic employed to throttle growth and forestall inflation. Yes, the Wizard-in-Chief, Janet Yellen, is worried things are too good.

Some apologist is sure to point out that the second largest economy in the world, China, is hurting. Dollar$ will give that point of view some quick attention.

CHINA

China’s weakening economy should mean the cost of living in the US will drop, meaning you and I will have more money in our pockets to pay off debt or buy more stuff, everything from furniture to T-shirts at Wal-Mart. The US – China trade balance is heavily weighted toward China—the US imports far more goods from China than China imports from the US. If those good become less expensive, the American consumer benefits. This does NOT harm American business.  Maintaining profit margins at lower prices is easy to do. The cost of commodities the world over is dropping because of the slowdown in Chinese demand. Commodities are the stuff that comes out of the ground from tin to lumber and to gold, the stuff from which everything else is made. Everything should be getting cheaper. Every time Wizards predict that Apple will stop selling iPhones in Shanghai, Apple sells another few million units, but at a lesser price. With inexpensive gasoline, Citizens will be driving  to Disneyworld this year, and they will be able to afford the Mouse’s uptick in prices.

This phenomenon confounds the Wizards., who have learned that bad predictions are clickbait, and clicks drive revenues. No one watches CNN until the shit hits the fan and the shelter under the table grows crowded and cramped.

In the face of positive economic news, the US stock market should be soaring. Instead, the Dow-Jones average has stepped off a cliff in 2016, shedding 2,000 points in 8 weeks, more than a trillion dollars worth of value has been erased from the books.

THE CONSPIRACY

Cui bono?

For the past 30 years,  at every presidential election, commentators complained of the choice between Tweedledee and Tweedledum. But this year, it ain’t so.

weasel candidates in days of yore.

US Presidential Candidates Since 1964

 

This year, on the one hand, we have a wealthy, self-funded foul-mouthed injudicious narcissist celebrity never elected to anything anywhere who is much favored by people who have felt disenfranchised for a generation. On the other hand, we have a New York Jew now from Vermont who has never accepted a dime from Buccaneers or Wizards. An older man, his followers are youth because he demands payback from the banks and companies who were too big to fail and in the past 20 years have sucked the economy dry, indenturing students with education debt. On the third hand, we have a woman who is indebted to the old politics, and on the fourth hand, we have a clown car of interchangeable Republicans who lacking economic issues promise to disallow what your neighbors do in their bedrooms while coyly ignoring that for those promises to be fulfilled they will have to rollback several Supreme Court decisions by what by any account has been a conservative court.

Dollar$ sees the common threat. The two leading candidates are not in thrall to Wizard or Buccaneers. Should either get elected, the summer house in the Hamptons, the private jet, and the 10-room Manhattan  condo are all in jeopardy.

How to dissuade Citizens from voting for either?

Scare the piss out of them. Scare the piss out of them by manipulating stock prices downward. It’s only temporary, and it’s not as tricky as it sounds.

  • Claim good news is bad.
  • Threaten us with defunded pensions, evaporating college savings, and the elimination of savings toward the American Dream, a house.
  • Imply that unless Citizens vote the status quo and allow rapacious policies to continue, grass will grow on Main Street as economic activity collapses.

The stock markets should be soaring, but never forget that 90 percent of all trading is electronic and that computer algorithms engage in a global battle to take advantage of a quarter point’s worth of arbitrage. There is no longer any such thing as investor sentiment. As they now say in Wizard country, My algorithm can beat up your algorithm!

Fear is the most potent means of keeping the harridans out of the White House. Without the creation of synthetic Terror, Weasel Business As Usual will come to a halt.

O the horror!

 

PARANOIA STRIKE DEEP

In Business, Economics, Economy, EDUCATION, Finance, Political Economy, Politics, Wall Street on January 27, 2016 at 5:20 pm

WIZARD OF FINANCE

Suppose the financial community is conspiring to collapse the stock market.  I mean, just suppose.

Heavens to Murgatroyd! Why would they do that???

Glad you asked.

Since the only reason financial Wizards do anything is for more profit, Dollar$ in a fever of dread will outline the conspiracy scenario for you.

Dollar$ notes that Republicans Weasels, who represent monied interests, have no issue on which to run for the America presidency. They can manufacture some issues, but the American economy have just enjoyed:

  • plummeting energy costs
  • record automobile sales
  • the lowest unemployment in a decade
  • a rising minimum wage
  • rising home sales
  • a strong dollar
  • and the completion of a tax year that allowed investors to book profits with a Dow-Jones Industrial Average at an all time high.

Now that the record-breaking year is over, it is time to hammer stocks and terrify Citizens. Citizens  who believe the economy and the stock market are the same thing are sadly vulnerable. If the Wizards and Buccaneers can delude enough Citizens into believing the United States is in trouble, they might not vote for a Democrat!!!

screwed1

Citizen

There is no rational reason to think the US economy is troubled. Nor is there something called “market sentiment,” that outmoded fiction contradicted by the fact that 90 percent of all market volume is done by computers at the speed of light. Market perturbations are in fact a contest among algorithms.

Nor is the charade fooling the Fed—which refused to raise interest rates again today. Grass will not be growing in the streets of every American village any time soon. There is not coming financial collapse.

We are not even in the midst of a contraction.

What we’ve got is a bunch of rapacious bastards willing to endure paper losses for a half year in hopes of assuring future revenues and the continuation of the financial environment that enriches very few by squeezing the rest of us.

Call me paranoid.

GREEK DEBT and ANTI-SEMITISM

In Economics, EDUCATION, Finance, Political Economy, Politics on August 2, 2015 at 10:45 am

It is a fundamental understanding of Dollar$ that the only purpose a weasel has is to continue life as a weasel.

Greek Weasel

Greek Weasel

As predicted by Dollar$ a week ago it took 3 days after the Greek people vehemently rejected European demands for austerity for the Weasel-in-Chief Greek prime minister, Alexis Tsipras, to reverse what he told Greek citizens, the same folks who elected him thinking they had one thing but who, in fact, had another.

Running out of co-conspirators at which to point his finger, Tsipras, fired a few Lieutenant Weasels and went back to the grim business of promising austerity in order to joyfully continue spending other people’s money on a lifestyle that include pensions at 60 and tax evasion as a national sport.

Reality sucks.

MEANWHILE BACK IN THE STATES

The rending of garments has nevertheless continued apace for American progressives, a crowd that when facts do not fit the narrative invent new facts.  Vowing solidarity for “poor Greece,” the victim-state, is a progressive necessity required by Left-ish mythology, that state socialism has to work but does not because of a conspiracy of bankers and capitalists who first give you money you requested and then—O Horror!—expect it to be paid back. Equally miserable is the sad fact that people whose chief knowledge of Economics is having defaulted on a car loan and mismanaging credit card debt think that international finance and their own incompetence are one and the same thing.

The goddam nerve of some those money-lenders!

First, they wait for you to ask for money; then they structure a deal that is so smart and so devious, that all the national bankers and economists of Greece were fooled.

WE’VE HEARD THIS BEFORE

Dollar$ writes to inform the naive that the legs on that canard are rooted in anti-Semitism. The cunning that condemned Shylock now condemns Goldman-Sachs, those Jewish New Yorkers who when they are not undermining the world economy to line their own pockets are championing godless communism. When you read the phrase international bankers on the Internet, make no mistake: the writer means world Jewry.

Dollar$ has always been puzzled by the alleged partnership between Jewish communists and Jewish bankers. The fact that the goals of such groups are antithetical does not stop the fascist minded American Left. Why not? It never stopped it before.

When you bear in mind that Hitler founded a party of National Socialists, and it will all remain clear.