From: J
Sent: Saturday, August 3, 2013 8:55 AM
Subject: Re: NYC strike
was in jakarta in the past week. traffic was absurd. wherever one wished to go, however near, mark down 1-2 hours. faster walking if not for the heat.
am of course keeping appraised of what i term the "overarching" macro and of the market reactions to the macro which of course includes what i charitably refer to as 'officialdom guidance".
after a systemic minor adjustment around the planet where all to revise history, as in 'mark to history', back to 1920s, the debt to gdp would become more tolerable, and thus allowing for yet another round of fiat money inflation
at some jucture the history-revision would zero out the fall of rome, probably, and blank out black death, almost certainly.
i fear as i have feared for some time, that what i sense, namely the game and gaming of fiat money inflation shall end badly, and in the mean nasty time
(1) we are involved in a game most are not allowed to win
many of the few winners will not be allowed to keep their winnings
there are no null positions and no place for respite
rules are only rules to be changed, always against us, and often at inopportune moments
to make sure that the 'market' are absolutely bang-on to fuck us in the worst of all possible ways
before we are put on the street w/ just bubble gums and cigarettes
then comes the deluge, event singularity at the center of the spherical event horizon, the black hole that sucks in most if not all paper capital, even as governmental authorities raise use-fees and taxes and tithes of all sorts to levels needed to sustain selves, as in themselves excluding us-selves
then comes the d.k. that which we mean the darkest interregnum, the twilight zone between here and there
when we hear the echo of diminishing dying whimpering and reverberated by steadily approaching birthing cries
interestingly, the longer we are shielded from zero-hour, the worse the universal monetary zero-state reset shall be.
let us wait, patiently if necessary, alert to the inevitable, absolutely.
(2) recovery? put it out of our minds
tapering? forget about it, at least of the sort by governmental volition
rising interest rate? yes, but not willingly, and certainly not real, at least not for the less-real paper capital backed by whatever legal obligations, legislative promises, and ever more humorous collaterals
rising interest rate for true capital, of the hoarded sort, that which be encased w/i 79 spinning electrons? am unsure what sort of interest rate would then entice out sleeping capital that be physical gold, the loan contracts presumably would feature force-majeure clause that specifically mention governmental confiscation as an opt-out
(3) am unsure of investible ideas and executable moves in the arena as described above
(4) need to watch and brief on the social mood, and keep tabs on inflation of the east, suppression of same inflation, and deflation of the west, and counter-measures against same deflation
and wait to see signs of interventions bankrupting and suppressions failing
(5) expecting cities to burn, riots to breakout, and political nonsense to match monetary ridiculousness, and so am remaining faithful to the one obligation-free monetary-political-faith metal, the elemental savings that has no counter-party obligation, even as i fully expect that at some juncture gold trading would be outlawed in many lands, and confiscations to follow the banning of private ownership of the elemental insurance against unspeakably evil tyranny and wastrel thieving
at the same time am keeping close month-by-month watch of the inflow of gold from all across the planet, through hong kong, to the new sovereign
(6) iow, i have detected nothing to even remotely impact my view on the overarching macro, and all details so far are explainable noise
amen, and
cheers, jay
From: b
Sent: Saturday, August 3, 2013 8:04 AM
Subject: RE: NYC strike
The trend is unmistakable. Part time/NFP ratio: nowandfutures.com
From: R
Sent: Friday, August 02, 2013 5:56 PM
Subject: Re: NYC strike
zerohedge.com
we need a new way of measuring these "full time" and "part time" jobs.
A friend of mine recently opened a lobster roll sandwich joint and business is far better than expected. I think he now has about 20 employees for a 880 sf ex-subway space. Headline would say he added 20 jobs. The fine print is he hired 20 part time workers working less than 19 hours each for $9.50 per hour. Are all the jobs created of this category? |
