What the Dog Saw (2009) by Malcolm Gladwell is a fine collection of essays that have been in the New Yorker. Gladwell is a superb essayist. His essays may not be deeply insightful and their conclusions may not be correct but they are thought provoking and fun to read.
The book is divided into three parts. The first; Obsessives, Pioneers and Other Varieties of Minor Genius, concerns profiles of people. The Second; Theories, Predictions and Diagnoses and Part 3; Personality, Character and Intelligence.
Gladwell’s books where he has taken a theme of a single essay and lengthened it have been criticized as being trite and poorly researched. They may well be. But an essay with a similar idea and level of research is often very good. Gladwell is not the only author who does this. Jared Diamond’s Guns, Germs and Steel is a long essay worth of ideas stretched into a book.
Gladwell puts forward some very interesting points such as why there are a myriad of mustards while there are fewer ketcups. He profiles some fascinating people including Nassim Taleb. Open Secrets, an essay on how much too much information can cause poor decisions is a brilliant piece that combines Enron and the question of getting military intelligence into one essay. His essay on Plagiarism is also really fine. Gladwell’s look at Panic and Choking, which he frames as being thinking too little and thinking too much respectively is also illuminating.
The final collection of essays on Personality, Character and Intelligence includes a great essay on genius and an essay looking at how to hire people for different jobs. Gladwell even looks at the idea that Talent is over rated and may have contributed to the fall of Enron. He also looks at how there are some jobs such as CEO and quarterback for a pro American Football team where who succeeds has not been at all well predicted. In both cases pay and performance are not correlated.
Gladwell isn’t a deep writer but he is a really good essayist. This collection of essays is very much worth reading.
You know, there was a time, not very long ago, that “Made in America” meant something special. You would see it on labels of clothing; on the handles of tools; and on spare parts and toys you purchased at many different types of stores. It made us feel proud: proud to be part of this great nation; proud of the work that went into building the greatest nation on earth; proud of our heritage; hopeful for the possibilities of our future. But you don’t see the “Made in America” slogan these days as much….
We’ve shipped many of our jobs beyond our borders. We are increasingly dependent on other nations for our food supply. We have become massively in debt as we have adopted policies that mirror the social democracies of Europe with their massive entitlement payouts. Those countries are nearly bankrupt – is it any wonder that we are too?
And there is a growing feeling of negative anticipation in our nation. I’ve heard people say they are ‘hunkering down’, and ‘waiting for the end to come’. People just seem to sense that we cannot continue in this manner. But when will it change?
The time is Now. It is time for Restoring our Country’s Greatness. America has never shrunk from a challenge, and we will not do so this time. My plan, as outlined in my 6-point Party Platform, will Restore our Country’s Greatness. The first plan of attack is to get our economy turned around, and the American people working again. We must make it easier for small businesses to prosper in America. We also have plans to bring corporate manufacturing jobs back to America, but that will take some time. I strongly believe that our small businesses will lead us out of this economic recession.
The American people are the most ingenious, inventive, and hardworking people on the planet. I believe that federal government bureaucracies have grown to unduly tax and interfere with our economic progress.
For example, in 2010 the Obama administration passed legislation aimed at protecting us from dangerous goods from China. This is a commendable idea. But in the legislation that passed, crippling bureaucratic hurdles have been placed in the way of American businesses. Now, small business that produce and ship goods around our country will need to spend thousands of dollars to get each of their products tested and “certified” to sell by yet another new governmental department. This will harm many small American companies, the Mom & Pop stores barely scraping by. It will cripple their bottom lines, and cause many more to shut their doors completely. And it continues to grow the size of our ever-increasing government, adding more expenditures that we cannot afford.
I will work to help small businesses, not hinder. We will simplify the tax code, and reduce bureaucracy and regulation for the small business owners of America. We will get the government out of their way, and allow them the freedom to pursue life, liberty, and happiness. We will encourage investment in new technologies, US factories, and minimize government hurdles and costs for businesses of all sizes. We will also do away with farm subsidies to get America’s farmers working their farms again, bringing food production home where it belongs. For large corporations, corporate tax breaks for companies that manufacture in the United States, keeping our economic advantages on our own soil.
…And we need to keep our soil safe. When our country is safe and well protected, the American citizens feel safe and happy about our security. Our military forces have struggles for years to provide an opportunity for Iraq and Afghanistan to make better governments for themselves. After so many years, it is time to allow them to stand on their own. We have shown them the way. At this time of great worldwide economic struggle, the US military personnel need to be home with their families. Our own borders need to be better protected. We will always protect the United States from attacks, both foreign and domestic, but we need to get out of the business of nation building and the idealism of creating our “brand” of government around the world.
As we focus internally, let’s take a look at our country’s education system. The education of our current and rising generations is the key to our future. Therefore, I propose to gradually wean the Federal Government from managing the education process in America. This will be a big change for us, but it is necessary. The American people should be in charge of their own education at the family, community, and State levels. By removing federal monies and requirements, we will clear the path for education to become competitive, and for states to regulate education within their own borders. We will work with party members at the state and local levels to weaken union strangleholds in the education arena that are destroying the education process for millions of young Americans, provide tax credits to leave failing schools, and offer merit pay and other performance-based incentives to ensure our teachers and students are the best they can be.
And let me make this pledge to you this evening: I will work to create real reform and change in America’s government. By spending more money than we have as a country, the current administration has created a debt burden for future generations that will take many years to overcome. This is not fair for our future generations, and it is common sense that it cannot go on forever. Spending more than you have doesn’t work in your homes, and it does not work for our country. We will work for a balanced budget, eliminate deficit spending, and introduce greater oversight and transparency on the workings of the Federal Reserve System and other banking institutions. Clear steps will be taken to “follow the money” and measures will be put in place to put an end to reckless financial practices, like credit default swaps, as well as create a payback schedule for all bailout monies received by our financial institutions. We cannot continue to “print money” at record levels, like our current administration, and not expect to reap the consequences of high inflation and a valueless dollar.
Too much money gets spent and too many laws are created outside of the legislative process. Our government cannot continue to allow the executive branch to wield the power of the Executive Order to create binding laws outside of our checks-and-balances system. If given the chance I promise I will correct these and other corrupt practices currently taking place in Washington. I promise to reduce our spending year upon year until we can see an end to the uncontrollable deficits.
(pause…)
Why are we in this prolonged recession after some of the best growth decades our nation has ever seen? Some of the biggest reasons are right here in Washington: It’s called Politics as Usual. Bloated government. Spend, spend, spend. Miles of bureaucracies thwarting American business. You were promised Hope & Change. But let me ask: Is this the Hope & Change you were looking for? I don’t think so.
THE UNITED STATES of AMERICA has the HIGHEST levels of RESERVE ENERGY RESOURCES of any country in the world.* Yet we struggle with rising energy costs and energy dependence on countries with unstable leadership and that often have anti-American positions. This situation can be rectified by developing environmentally safe methods to extract the natural resources within our own country. We will work to encourage and provide incentives for private companies to help the USA attain energy independence, through the extraction of existing American oil reserves, as well as developing new sources of clean, renewable energy. These resources alone “represent tens of trillions of dollars in wealth and millions of American jobs.”*
If given the chance, my fellow Americans, we can make this dream a reality. If given the chance, you and I together will Restore our Country’s Greatness.
Thank you, and God Bless America.
Eric Merten
President 2012
*Congressional Research Report 2009 http://epw.senate.gov/public/index.cfm
Greece island is rock solid investments for some rich cats
By Pooky, this blog economics journalist
Greece is in trouble financially, because it borrowed too much to stimulate its economy out of the recession. So Greece turned to Europe for help-namely bailouts attached with an austerity plan. Sort of like a European IMF.
One major Greece asset: Pristine islands surrounded by crystal clear waters. One of Thailand’s greatest assets? Phuket Island.
The following article from BBC says many European region leaders wants Greece to sell their islands. Potential wise, there are about 300 un-inhabited Greece islands that could be sold, starting at about US$2-3 million. The world’s super-rice and not so super-rich have been buying up some Greece islands.
Greece islands are off course “Top-Notch” when it comes to a great vacation spot-just think of crystal clear waters and the Mediterranean culture combined. It takes one back to the roaring 1930s very liberal Paris. Greece is also right there, close to the French Rivera and a great many ports where the world’s greatest yacht are docked.
Does all of that sounds like Phuket may be in trouble? Well “Yes” and “No.”
Phuket is trying to go up-market-but it has not reached the Greece level as yet. But it is getting close. Houses and condo, targeting the super-rich, in Phuket, have crept up in prices to a few million dollars in many case. And Thais are yelling nearly everyday about foreigners buying houses in Thailand.
Girls like Nanny is what makes Phuket hot for the super-rich, but then are European girls that bad?
But I will pose the question to our readers. If you were a super-rich, what will you buy-something in Phuket or a Greece island?
For me, if I were a guy and if I were a super-rich, what would it be-a privately owned Greece island near the French Rivera-or a house in an island in the tropics? Well, sorry Phuket, for me, it is a Greece island any day. I would be calling my sophisticated European friends over for some serious culture-partying on my private island. Then if the friend has a yacht, bingo, park it right there close to the island-like we can wave good morning to each other before breakfast.
That is, if Thai girls like Nanny does not get in the way.
The following is from the BBC
Greece should consider selling some of its uninhabited islands to cut its debt, according to political allies of German Chancellor Angela Merkel.
Josef Schlarmann and Frank Schaeffler told Germany’s Bild daily that the Greek state should sell stakes in all its assets to raise more cash.
Greek PM George Papandreou is due to meet Mrs Merkel in Berlin later this week for talks about the crisis.
Mr Papandreou has already announced a strict austerity programme.
‘Affordable’ islands
“Sell your islands, you bankrupt Greeks – and the Acropolis too!” says the headline in the Bild newspaper.
It sounds like the sort of daydream induced by too much ouzo, but the idea comes from two senior politicians in Europe’s biggest economy.
Mr Schlarmann is a senior member of Mrs Merkel’s Christian Democrats and Mr Schaeffler is an MP for the Free Democrats – the junior partner in the centre-right coalition.
Both confirmed to the BBC that they wanted to start a debate about what Greece could do to help itself and bolster the battered euro.
Those who face insolvency, Mr Schlarmann said, must sell everything they have to pay their creditors.
He advised Mrs Merkel not to promise any financial aid when she met Mr Papandreou in Berlin.
According to a poll published on Thursday, 84% of Germans think that the EU should not help Greece out of its debt crisis.
It is true that dotted in the blue waters of the Aegean are some of the country’s most valuable assets – about 6,000 islands, of which only 227 are inhabited. Many of them are privately owned by the world’s super-rich.
According to a specialised real-estate website, Greek islands evoke images of sunglass-sporting shipping magnates sipping champagne on enormous yachts, but cost as little as $2m (£1.3m).
Relatively affordable, the website says – unless, of course, you’re a Greek.
people thought that it was going to be a place where everyone could get everything with a bunch of small providers without large corporate control. the problem is that the internet has proven that human nature is to lean towards one-stop shopping
the equation looks something like this: Pro*Num*Sup<=1
where:
Pro= the availability of all products across the storefronts
Num=the number of storefronts
Sup= the average availability of each product within a storefront
the closer a particular storefront can get to offering all products with a nearly 1:1 supply-demand ratio, the more people will want to shop at only one store. the more difficulties a store has with either supply or demand, the more stores available, but market share isn't implicated by this. for instance, youtube, amazon, itunes, et al, are the premiere source for their respective markets. let's assume that youtube takes up about 90% of the market in online video – this implies other stores are taking up 10% and therefore we can assume that their availability of products is very low or at least not anywhere near up to par with youtube. if their products are redundant with youtube, they'll simply go out of business, which means we have a variety of niche providers circulating about. therefore, the internet has not really changed much of anything about business or consumer behavior except the method we interact with the store. note that i said method and not "way" – we're still interacting with a store in the same way we did before the internet, it's just through a computer and not through face-to-face interaction at the storefront.
i'm tired of hearing about how revolutionary the internet is. the vast majority of the public don't use the internet the way that the revolutionary fringe do. revolution is niche.
ask yourself when the last time a revolution truly reallocated power in a meaningful way was.
Price rises by supermarkets and energy giants have left Britain with the highest inflation rate in the Western world. The UK has suffered significant increases in the cost of food while many similar countries had falls. Energy price rises have also been higher here than in most other nations. Britain’s CPI inflation rate in January of 3.5% was two or three times higher than other Western European nations. In January a basket of the most commonly bought foods had increased in cost by 7.5% and a 30% rise in unleaded petrol prices in 12 months. Energy prices in the UK rose by 7.8% over the year compared to 1% in Germany.
I remain a skeptic but market sentiment continues to improve, helped by firmer data and expectations that Greece’s woes are on the path to being resolved. Greece is expected to announce further austerity measures including further spending cuts and tax hikes, which will be aimed at appeasing EU concerns and passing the March 16th test set by the EU. This could pave the way for some form of debt guarantee scheme and a better reception to a likely sale of up to EUR 5 billion in 10 year Greek bonds.
These measures will allow the EUR to recover some of its recent losses in the short term after dropping to new 2010 lows against the USD around 1.3435, but gains are likely to be limited given the many uncertainties remaining including fiscal problems in other European countries and weak growth ahead. If EUR/USD can sustain a break above the 20-day moving average level around EUR/USD 1.3630 it will put the next resistance level of 1.3747 into target, which given record short EUR speculative positioning may happen quite quickly. I suggest rebuilding short EUR positions on a move to this level.
Commodity currencies continue to be favoured and despite only a brief spike following the RBA’s decision to hike interest rates yesterday AUD/USD has managed to traverse the 0.90 level and looks well placed to build on its gains helped by a firm 0.9% QoQ reading for Australian GDP in Q4. Nonetheless, AUD/USD 0.9147 looks like a near term cap on the currency. For bullish commodity currency trades the NZD may offer a little better value and short AUD/NZD may be the way to go from here. Note that NZD positioning is below the 3-month average according to positioning data. In contrast to the RBA, the Bank of Canada left interest rates unchanged, but its statement highlighted that the prospect of quantitative easing had receded, which has effectively lifted a weight off the shoulders of the CAD.
All of this leaves the USD on the back foot, with further direction coming from the US February ADP jobs report, ISM non-manufacturing survey and Fed’s Beige Book. The ADP data and ISM employment component will give further clues to Friday’s February US jobs report for a 50k drop in payrolls is expected. Service sector Purchasing Managers’ Indices (PMIs) will also be released across the eurozone and the UK and both are likely to sustain moves into expansion territory.
The rebound in EUR/USD was a trigger for further selling in USD/Asian currencies. Asian currencies remain highly correlated with local equity market performance and have benefited from a strong return of equity portfolio inflows over recent days. Only Vietnam has registered outflows this week, with South Korea and Taiwan registering the biggest inflows. Indeed, South Korea has seen the biggest inflows of portfolio capital compared to other Asian countries so far this year, with inflows of around $933 million.
There is not much data in the region to provide direction for Asian currencies today though the South Korean industrial production report will be closely watched. Despite a small monthly drop expected, output likely expanded at very healthy 40%+ pace annually. Overall, USD/Asians are likely to remain under downward pressure in line with the general pressure on the USD, but direction will continue to come from equity markets.
The level of bad debts written off because defaulting borrowers will never repay them shot up in 2009 to a new record, figures show.
UK banks see surge in bad debts Mon, 01 Mar 2010 11:24:24 GMT
What’s really sad about this entire economic crisis going on is that the brainiacs in the various economic community throughout the world are so ego driven that they can’t under any circumstances believe that anyone other than themselves what actually know anything about economics. And yet as my economic fact sheet, below this dictation, under item 15, clearly shows, there were three Journal entries I wrote in May of 2009 when I accurately predicted that during the third business quarter of 2009 the American market system would lose $800 trillion of market value. And it did.
Furthermore, my economic fact sheet has in fact been updated so that it is current as of February 2010. And as I’ve already explained, the making system, whether in the United States are in the UK is extremely criminalized. The banks don’t care anymore about doing business honestly. All they care about is getting their money. And so consequently, the reason you’re looking at bad debts is because these banks have been so greedy for getting money that they really didn’t care about trying to do business honestly. All they wanted to do was get the money. And now what’s happening is, after they behaved rather stupidly. As far as economics is concerned, it’s catching up to them.
As I’ve repeatedly explained a number of times, the corporate sector oath in the United States and around the world is extremely guilty of tremendous corruption and inflationary spending practices within their companies. When you look at the various economies in any of the nation should don’t see a lot of inflation, what you do see is inflationary spending practices within the public sector meaning the government of these nations and especially in the private sector meaning the banking system and insurance companies and things of that nature. The inflationary spending practices still go to the exact same thing that they have always gone to which is high end compensation for the upper-level management and executive positions. And as a result of these inflationary spending practices pursuant to the high-end compensation packages for these upper-level management and executive personnel. The bottom line is a rather severe, economic, and/or financial, disparity within these companies pursuant to their hourly and lower level management personnel enter to their high-end compensation practices of their upper-level management and executive positions.
As long as this irresponsible financial practices going on and as long as the governments not only in the UK around the world are refusing to deal with these extremely criminalized and corrupt financial practices on the part of the corporate sector and the banks that no recovery will take place. But the result will in fact be severe, because the Kondratieff wave is very clear about mapping these things out and shows very clearly that the greediness and the avarice. That is taking place as a result of these upper-level management and executive people throughout the corporate sector does not stop than what will happen is the entire economic system will fail because it is that frail at this time. It is that fragile. And of course when the economic system does simply capitulate them the upper-level management and the wealthy and the executives won’t have economic system to be able to steal from any longer. Because they will have destroyed the economic system. Then there just be stupid. And the money they have will basically be worthless. So they will simply cheated themselves by being so stupid and greedy.
Of course, I don’t expect anyone to believe me, because I’ve only been doing financial analysis for 42 years. So why would you ever believe someone who had that much experience?
Economic Fact Sheet (Current as of Jan. 2010)
1. The United States currently has a national debt in excess of $12 trillion.
2. The interest on the national debt is now in excess of $11 trillion.
3. The operating budget for the United States government is now in excess of $43 trillion.
4. The members of the United States Congress stole $200 million from the Medicare fund, which was going to go for cost-of-living increases to Medicare recipients, so that the members of Congress could have their paper medical records converted to computerized medical records. The attitude by the members of Congress was that they didn’t care if they murdered American citizens as long as they get the medical protection they wanted.
5. The Christian conservatives and the Republican Party are taking the stand that they do not want American citizens to have any kind of healthcare the of healthcare is extended to anyone that the Christian conservatives or the Republican Party does not like. And this is based not on constitutional law or the Christian conservatives and the Republican Party being patriots. It’s based upon the Christian conservatives Republican Party demanding that the American government understand that no Christian conservative or Republican Party member will in any way ever support the US Constitution above their Christian religion and above their Christian Bible. And so as a result, their Christian Bible and Christian religion says that healthcare should not go to Hispanic Americans or black Americans or Jews or Muslims or gay Americans or Native Americans or anyone who is an immigrant that the Christian conservatives Republican Party just doesn’t happen to like.
And so as a result, the Christian conservatives Republican Party members are trying to commit mass murder in United States by denying health care to millions of American citizens who are in desperate need of medical attention. But the Christian conservatives Republican Party doesn’t really care about that because as far as they’re concerned if they have to walk through rivers of blood to make sure that their Christian religion and their Christian faith is supported more than the Constitution of these United States and the Christian conservatives will do just that.
6. The current level of unemployment in the United States is now over 10%.
7. The current cost for liquidating the national debt is now in excess of $39,000 per person, which means that every man woman and child in the United States would have to pay at least $39,000 to be able to liquidate the national debt.
8. When you look at the history of United States from the American Civil War until present day you find that the Republican Party and Christian conservatives were in total and complete control of the United States government every single time there was a financial crisis from the American Civil War to present day. And that basically means that all the policy decisions that were being made by the American government during these times when these financial catastrophes were taking place were being made strictly by Christian conservatives and the Republican Party . And of course that’s all public record. And if the Christian conservatives or the Republican party say that these financial catastrophes were not their fault, That would mean that all the public statements that the Christian conservatives and the Republican party, were making during the times when all these financial disasters were taking place, to the news media and the general public were lies. On the other hand if they say that they were not lying then, that means that they are lying now. But either way you look at, the Christian conservatives and the Republican party are being found out for the liars that they have always been, and that they still are today.
9. As my financial analysis of the global economic system , in my see also section below, clearly shows, it was the Republican Party and the Christian conservatives under President Bush who gave the American banking industry $400 billion of taxpayer money and simply told the banking industry to use the money anyway they wanted to. And the banking industry did just that they use the money to pay for expensive gifts and presents and take vacations.
10. To date, the banking industry has only paid back $30 billion out of the over $500 billion that was given to them by the American taxpayers.
11. The issues of profitability indexing, pursuant to profit margins and per unit costs and customer bases as they relate to compensation packages throughout the entire corporate sector have not been resolved. That basically means that most businesses are being held hostage by upper level management and executive employees in their own companies who are demanding more and more for their compensation packages. As a result of this most companies are having to readjust their per unit costs for their goods and services in such a way so that what they are doing is pricing their services and their products. So that mostly the upper class and the wealthy will be able to afford them. And this is being done so these companies and corporations can get as much money into their company as possible.
But they are in fact forgetting one of the major factors which is that while most of the money that any company gets comes from the wealthy are customers most of their day-to-day cash flow actually comes from the middle and lower income customers. This is true regardless of where that company exists. So as a result of this most of the companies in the corporate sector are operating on what is known as a cash poor basis. And this basically means that since they are pricing their goods and services in order to get the most money possible they are foregoing pricing their goods and services so they will be more affordable to the middle and lower income customers, which actually provide these companies with their day-to-day cash flow. And so as a result, these companies don’t have enough money to pay for employees or many of the other day-to-day costs that come up.
This factor has not been dealt with in any country in the world at this time. Furthermore, these companies are refusing to be honest about their financial reporting. They are constantly using and accounting,/statistical variance, which is .5%. And .5% variance is such a large variance pursuant to statistical and financial analysis that you can basically drive a moving van through the space. That is allocated for plus or minus error correction in the statistical analyses and financial analyses that are in fact done with .5% variance. This is why I have never used that level of variance statistically or financially. I’ve always used .05% variance because it is such a small variance that the statistical analysis of the profitability analysis cannot be falsified. It is true that using .05% variance does require an additional 100,000 to 200,000 calculations in order to be able to complete the analysis. But when you consider that the final product is incredibly more honest and reliable. It’s worth it.
12. The banking industry has turned cruel. For example here in Cleveland Ohio Keycorp is taking a lot of pride and threatening senior citizens and kicking them out of their homes so that they can foreclose on the property. This is happening all over Cleveland Ohio and KeyCorp actually is one of the most hated banks in the entire state of Ohio. But KeyCorp is not the only one who’s doing this practice. Because was really happening is that banks all over the United States are basically threatening senior citizens with foreclosure to the point where suicides are now escalating and accelerating at an alarming rate. So badly that the medical community is swamped by the number of suicide calls they are getting. And this is all happening because KeyCorp and other banks like KeyCorp are basically taking the attitude that they don’t care how many men and women and children they have to murder. They just want their money.
When you consider these kinds of factors are going on in the banking industry you realized that the other thing that’s happening is that senior citizens and homeowners are becoming incredibly sick. Do becoming physically ill as a result of the horrible attitude that KeyCorp in other banks like KeyCorp are pushing on the citizens. And there is no help for this at all.
13. Additionally, the medical community is helping with this because we have a hospital here in Cleveland Ohio called MetroHealth that basically is working hard. Just like KeyCorp to threaten senior citizens and have them thrown out of their homes. So that they can foreclose on the property. And basically kill the individuals. I have been personally threatened by KeyBank and MetroHealth and have recorded conversations proving that.
So MetroHealth does all these commercials where they’re talking about how good a hospital they are and yet they have been sued a number of times for Medicare fraud. They have also been sued by their own employees for unfair business practices. And they have lost doctors so badly because they don’t treat their doctors very well either. Nobody likes MetroHealth.
And for the record, it needs to be understood that my grandfather’s brother, Dr. ally Maschke, was the director of medicine at mount Sinai medical center here in Cleveland Ohio until his death. And my cousin, Dr. Victor Vertese, was also the director of medicine at mount Sinai medical center until his death. Additionally, my grandfather, Maurice Maschke, and his business partner, Mark Hanna, who founded the Hana mining company, which became the 3M company, basically built mount Sinai medical center in Cleveland. And in addition to that, my father, Maurice Maschke Junior, was on the Board of Trustees at Case Western Reserve University, University hospitals of Cleveland, Cleveland clinic, and mount Sinai medical center until his death. And in addition to that, my father, Maurice Maschke Junior, and I., were partners and co-owners of pioneer linen supply company of Cleveland Ohio for 25 years until 1975 when we sold the company.
14. So given all of the foregoing as actual facts. The only reason that the accelerated growth has taken place is because certain industries in the United States have in fact been making money. Only because their industries are addressing sections of the population who are otherwise disenfranchised by most of the business sector. For example Tyco International is a business that specializes and fire prevention and warning systems and security systems. And of course they’ve done a really good job because people are scared to death and living in their homes and there are so many foreclosures going on that people are having to protect their homes because in most cities the number of police has dropped so badly because most cities are in a huge budget crisis. In Cleveland, Ohio, for example, the city went from 1,500,000 people down to approximately 400,000 people in only a matter of months. And conditions are so bad in Cleveland that Cleveland is now charging nine dollars a month just pick up our garbage.
15. Furthermore, as I predicted on May 21, 2009, the American market system had already lost approximately $500 trillion of market value. And, in my journal entry (see my LiveJournal entry of May 21 2009). Then on May 22, 2009, I accurately predicted that the American market system would lose approximately $800 trillion of market value. (see LiveJournal entries of May 22, 2009, entry #1, entry #2, and entry #3, ). And the market did lose that much money. So, I was right. As I have always said. In 42 years of being a financial analyst, I have never been wrong on any financial projection I have ever done. Just like I was not wrong in 2009, with the above projections, I am, by the like term, not wrong now.
So again, it’s really easy for people to talk about how well the market is doing that the foregoing represents the actual facts of what’s going on in business.
And as I said before, I have been studying the stock market since I was six years old. At age 6 I started studied the stock market at Prescott ball and turban here in Cleveland Ohio. With one of the partner broker’s, Bernie Towell, who was a personal friend of mine. And so every day for four hours every day and age 6 until age 16 I studied the stock market and learned economics and financial analysis . At age 16, while working and being a partner and co-owner of pioneer linen spy company in Cleveland, I did my first financial analysis and profitability analysis . It was done on the linen supply company’s of Cleveland Ohio. The analysis was so good that the results were used to program some computers at the time. And in 42 years and having been a financial analyst I’ve never once been wrong in any financial projection I’ve ever done. Not once. Just like I’m not wrong now.
In my financial analysis of the global economic system in my see also section below, I clearly show that the American market system was going to lose $800 trillion of market value in the third business quarter of 2009. I further substantiated this claim last January in January of 2009. When I explained that the American market system was going to take a huge hit in the third quarter and that it would come out to about $800 trillion of market loss. And that this was in fact in line with the Kondratieff wave . And in fact that’s exactly what did happen. Which means the analysts were wrong. And I was right.
Now, it’s important to remember that anyone can say anything about the market that they want. But being able to back up what they say takes an expert. And someone who understands the science of financial analysis. And that’s something I have been doing for 42 years.
Therefore, if you go ahead and look at all these factors without looking at all of the peripheral details than you are going to be responding to the information in a very symptomatic, or symptomatically oriented manner whereby you will behave to the information in an extremely reactionary way. By the like term, if you look at all of the information regarding economics throughout the entire global economic system in a problematically oriented manner you will be looking at the financial information in a more anticipatory manner. And much more pervasive rather than in a stereotypical or linear manner. And as a result, you will begin to understand that all of these different factors that I have brought forth in this article right now. Actually do justify what I’m saying that the American market system is on the verge of collapse. And that the economic system for Greece is about to go under. And that unemployment in Spain and France and England is running at almost 30%.
These do not make things look like they’re going good in the United States is basically doing nothing but lying about the economic they I went to school with most of the people who run a lot of these companies in the United States and who are working on Wall Street either went to school with them at Case Western Reserve why went to school with them at Fort Lewis college board went to school with them at southern Arizona school in Tucson Arizona. Or, I did business with them throughout my life.
So again, this is a reality check. And all I can say is, if you don’t believe what I’m saying that’s not a problem. Because you haven’t believe me, for 40 years, what I’ve been talking about all of these issues facing the economic system in the United States and the global economic system. So why would you believe me now?
But the fact is that just because you may not believe what I’m saying doesn’t mean that what I’m saying is not true. Simply means you are refusing or are not able to see the veracity in what I’m saying and that’s all it means.
See Also:
The American Civil War
Slavery
The Emancipation Proclamation
Abraham Lincoln
John Wilkes Booth
The Christian Conservatives
World War I
Prohibition
The Great Depression
The Battle of Washington
World War II
The Korean War
The Vietnam War
Richard Nixon
Oliver North
The Iran-Contra Affair
The Gulf War
The Savings-And-Loan Crisis
Bill Clinton
The Balanced Budget Amendment
The Iraq War
The Kondratieff Wave
Profitability Analysis
Financial Analysis
Vance Packard
Laissez-Faire
Better Business Bureau
Department Of Justice
DirecTV
Wal-Mart
KeyCorp
Dell Computers
Lawsuits Against Dell
Capital Punishment
Homophobia
Xenophobia
Racism
Prejudice
Bigotry
Fascism
Eugenics
White Supremacy
Mein Kampf
Adolf Hitler
The Ku Klux Klan
The Army of God
US Domestic Violence Statistics
US Child Abuse Statistics
US Child Mortality Statistics
US Religious Demographic Statistics
US Obesity Statistics
US Caesarean Statistics
US Uninsured Americans Statistics
Insurers Overcharge Medicare
Medicare Ponzi Scheme
US Food Recall Statistics
US Suicide Statistics
Medical Malpractice
Medical Mistakes
Gay-Rights
Transgenderism
Women’s Rights
Children’s Rights
Human Rights
Pro-Choice
NRA
Oliver Wendell Holmes
The US Constitution
The Bill Of Rights
Recording Telephone Conversations
Treason
Sedition
How The Republicans Use The Constitution To Lie (article 1, section 6, subsection b) of The US Constitution
My Biographical Profile
My Philosophy of Life
Reality…
For those Who Said I Never Knew Ronald Reagan, They Lied
My Encounter With Joan Baez
My Time Studying The Anasazi Indians
My 250 Million Variable Characteristic Hieroglyphic Language
My Tribute To Jim Varney
The Pebble And The Penguin
A Diamond On A Sea Of Glass
Regarding Me And My Journal
It’s A Crime
My Back And Me Doing 250 Sit Ups
Hey God! You There? I’m Tired… Ok?
In The Midst Of Darkness The Smallest Spark Lights My Way…
I Wrote Something A Long Time Ago…
The Vanishing Of America
Second Gear
Kmart To Close Five More Ohio Stores
Sounds
An Explanation Of Vernacular Dynamics and Sequencing Regarding Various Forms of Advocacy
An Installment Notation Of The Maschke Family History And Legacy
By The Campfire
Playing The Keys Of My Heart
Adventures In Technocracy
My Financial Analysis Of The Global Economic System
My Global Warming Research
For the record, I pro-life. I do not support violence against, or the killing of any human being under any circumstances! And the only way that I ever deviate from that stand is that I do not believe that the Almighty, and/or God has ever given any human the right to dictate to any woman how she is to arbitrate her life with the Almighty, and/or God . Therefore, I am also pro-choice, in that I believe that all women deserve the right to choose for themselves the fate of their souls, and their own bodies, pursuant to their relationship with the Almighty, and/or God . For an expanded explanation please see my article entitled, “Second Gear “
