2mar$, the three character classic poem en.wikipedia.org starts out so yellowbridge.com but got brought up to date by successive generations to about a hundred years ago when china got zero-state reset the hard way. Most civilizations did not survive such onslaught, but the civilization state that was china somehow managed to muddle through.
I would never have made it through the rigor of Chinese education system, and looking at my young son I have doubts about his tolerance for Chinese education system. We may have to send him to international school of which there are plenty in hong kong where he can play a lot.
One of my favorite tv shows is Le femme Nikita. I called my daughter Le femme Erita, female assassin. She then wanted to know what profession that is :0)
Re the market, I am now afraid, for it may soon be time we have to fear for the survival of the custodians, and not worry about the pricing action as much. If such be the case, suspect the storm may turn out bigger than even I can imagine, and I can imaging quite a bit.
The seeds of our destruction had been sown chrismartenson.com
"Transcript for Paul Brodsky: The Seeds of Our Destruction Were - And Still Are - Sown in the Bond Markets"
And as the problem is planetary, there is no "out", no respite, no null position, and no mercy.
Once upon a time when younger, on 40th birthday, I played a wave tag game with my buddies at a particularly nasty beach in Hawaii, I think on lanai, where the objective was to run after the last of the series of receding waves, as far as one could, then turn around and run as fast as possible back to dry sand without getting wet from waste up. After several exhausting iterations I thought the game was no big deal and thought highly of my rudimentary swimming skills. I got caught by one monster wave, tumbled on the bottom, dragged to open sea, and thought, "today is my 40th on this planet, the last day of my life. Should have been more respectful of nature. Amen"
Speaking of force of nature, the 'notional' 75 tril derivative machinated by bank of America probably can qualify as the purple swan freak of nature on par with a astronomical black hole appearing inside of our toilet or refrigerator. Together with the red swan w/i JP Morgan Chase, let us see what nature can do.
I have not given the 'notional' part of notional value a deep thought, and cannot be sure when the notional turns into actual, but am guessing 150 tril notional between boa and jpm would splatter quite a big radius of absolute destruction - probably planet engulfing.
As no satisfactory explanation of the may 2011 flash crash, I treat that as a warning.
Cheers, tj |
