Saturday, January 26, 2013


Greetings good citizen,

Yesterday’s ‘milestone’ for the financial markets appears to be more evidence of the criminal’s favorite pass time, fraud.

IF you think the economy has ‘recovered’ I’ve got some nice ‘drainage challenged’ real estate you’ll be interested in…

In the meantime, to consider stories such as this one anything more than ‘jaw-boning’ is a tragic error.
As Worries Ebb, Small Investors Propel Markets

After millions of people all but abandoned the markets after the 2008 financial crisis, individual investors are pouring money into stock mutual funds for the first time in years.

Left to our imaginations is precisely who this ‘small investor’ is? He certainly isn’t the newly re-employed worker, stoking up for retirement. We already know 90% of ‘new jobs’ aren’t even full time and 80% of those pay minimum wage! So WHO is this ‘small investor’ they are referring to?

Could the answer be as unfortunate as Wall Street, in it’s usual fashion, is merely transferring funds from real estate hedging vehicles back to mutual funds, ‘ringing the cash register’ so to speak?

Because you don’t need me to tell you that this is not cause for rejoicing! This is sticky fingered Wall Street churning (and helping itself) to money that was already there.

So, small investor recovery? Hardly, small investor fleecing is more like it but Wall Street has this ‘truthiness’ problem where honesty only creates hard feelings.

Just because the ‘deterioration’ of the employment situation has slowed doesn’t mean it is ‘improving!’ (But that’s the message the meatheads would have you believe. That ‘less-worse = better!’)

It’s the same idea of when the economy contracts, that return to stability is sold by the pundits as ‘recovery’ when in fact after ‘leveling off’ for a brief period, it falls again and the talking heads pretend it’s a mystery.

But it’s not. There was a headline in the local rag the day before yesterday that one of the city’s largest employers is laying off half of its workforce AND sending the work to its plants in China and Mexico.

Still feeling ‘optimistic’, Bunky?

It seems every time they declare ‘the recovery is at hand’ I feel compelled to jump in and cry foul!

And it looks like they got me again.

The question is did they get you?

For every nineteen people who reject hogwash like this there is one who embraces it. Maybe not as quickly as they used to, they are starting to catch on to the fact people are laughing at them behind their backs…

Understand good citizen, the corporate owned media HAS TO report the economy is on the mend, even if it isn’t in order to quell social unrest and dampen ‘animosity’ towards ‘our betters’.

But as I am tiring of pointing out, no amount of jaw-boning is going to alter the facts on the ground.

Our economy (or that limp dishrag that passes for our economy) is broken and nobody has done a single thing to repair it…nobody!

So ‘recovery’, such as it is, amounts to a lesser rate of descent. We merely aren’t sinking as fast as we once were.

What do you suppose should happen to the employer who cut 70 out of 150 jobs and sent the work off-shore?

One of my other ‘hobby-horses’ has been the need to redefine what constitutes a ‘crime’.

Under our current goofy calculus, the owner can send the work wherever he pleases. He is seen as ‘owning’ the work.

But isn’t he also a citizen and doesn’t that citizenship carry a responsibility to the society he lives in?

He’s quick enough to demand justice (or the protection of society) when disaster strikes…so how come he feels no obligation to keep the society that protects him healthy and vibrant?

Because, until such feckless acts like the global race to the bottom are criminalized, our ‘global’ economy (and all but it best connected participants) is doomed.

Not the kind of world I want to raise my kids in and I’m sure many of you feel the same way.
This ‘competition’ baloney is all fake. Worse, it is the old canard of ‘I can teach a monkey to do your job’ writ large!

Which is to point out that the ‘quality problems’ that served as an excuse to cover early job exports have resurfaced in the cheaper there, indicating the problem didn’t lie with the craftsman but with management.

Which tells you what, good citizen?

It’s time to hold management accountable.

Thanks for letting me inside your head,


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