Last week was a break from this blog for your writer. He used it productively in collecting and editing some past posts to create a pamphlet to publish and send to about 1,000 "leaders" in the US. Why? To give them truly new ideas. I can't bash them as they deserve, because I want them to read it. Writing an effective pamphlet requires one to incorporate principles of good advertizing to capture the readers. That rules out bashing them ... at least at first. The pamphlet is in re-write mode now as I proceed through many drafts to hone the language and thoughts. Publication will be this month ... or my name isn't Bunkerman.
The Panic of the Rich in Europe continues. European stocks markets cratered yesterday while we had our Labor Day barbecues. Today the Swiss National Bank set a hard ceiling on the Swiss Franc vs. the Euro saying it will buy unlimited quantities of Euros by issuing unlimited amounts of Swiss Francs. Will they do it? Time will tell. Thye have to stop the distortion caused by the flood of panic money coming from rich Europeans and the Middle East. Rich Europeans fear taxes and social disorder; rich Arabs fear revolutions and social disorder. Do you notice a common denominator?
Obama will make another speech Thursday evening. Judging from his Labor Day speeches, he will offer nothing new and mostly posture to his base for political gain. Your writer will make a post tomorrow with the correct answer to the correct question: how to help America and the American people get back onto a path towards more prosperity and happiness for all.
An Interesting Movie
Check out The Inside Job, which contains many quite intriguing and provocative facts about the Panic of 2008. I was quite surprised to learn the huge sums paid to economists such as Larry Summers and Glenn Hubbard by the financial services industry. These guys were [are?] getting $100,000 a speech. Uh ... that's not a speaking fee, it's a payoff. Big money has utterly corrupted that formerly academic profession. Remember that when the media puts people like this on TV to blather about what's good for America.
The movie missed a few points (such as the role of hedge funds), but has enough to make it quite worth watching.
Comparisons to 2008
These are all over the business press. Uh ... guys ... if that has any validity, why are TIPs prices so high? Why are municipal bonds yields so low? Sheesh ...
Idiots.
Word of the Day
"Contumely" - noun [$10] Shakespeare, from Hamlet's soliloquy.
Contumely means 1. insolent or reproachful language or treatment; 2. disgrace.
Sentence: The common man and woman need to start dousing the DC crowd with contumely - in old Brooklynese, give them the raspberry. Toss the bums out.
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10 comments:
carlyle group files for ipo..........will you be participating in the ipo Bman............or will you buy shares in the aftermarket ??
Bman how come you always slow or late to recognize crashes/catastrophe's ?? you were late in 2008........late in europe 2011
let me try again
Bamn will the EU survive this crisis? will the Euro be around in 2 years??
nfw re Carlyle.
Bman how come you always slow or late to recognize crashes/catastrophe's ??
For the same reason I don't succmumb to crisis-itis or bubble-itis every month.
I follow reality, not the herd of panic-mongers who are rarely right.
last time I looked, Europe was still there and the Euro was in its trading range.
Bamn how do i get my hands on this pamphlet ??
PS.......didn't chairman mao have a 'pamphlet' too?
Writing an effective pamphlet requires one to incorporate principles of good advertizing to capture the readers. That rules out bashing them.....
SPINNY TRANSLATIO??....PUCKER UP BUTTERCUP
yup, spin. temporarily.
re getting a copy, I might offer to send copies to commentors. It is not yet published.
no need to change who you are....
Spinny idea #1
rent a billboard by one of your hoochie houses...the area will be not so nice...so cheap....on it..one of your quotes
..................................
20 % cut for all govt employees including Congress
viewfromthebunker.com
...................................
you'll catch more fish
no charge sir...lol
hmmm ... interesting idea, spin.
Spinny idea #2
small ad in paper(by funeral notices..all geezers luv reading that)lol
here's a bands name..their song..and a bunk bash of warren buffett
band
ALL AMERICAN REJECTS
song
Dirty little secret
Bunkism
Bashing Buffet
...................................
Why All Americans should reject Warren Buffett's dirty little secret
viewfromthebunker.com
...................................
loool
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