BOOMERBUSTER

BOOMERBUSTER
OLD CELLO

Monday, October 29, 2012

SHORT SIGHTED ASIA INDIA SUCKING UP

 TYPICAL NOW OF ANGLOPHONE LAISSEZ FAIRE NATIONS THE WORLD OVER.

http://www.bbc.co.uk/news/world-asia-20114032

Saturday, October 27, 2012

RE BBC CHINESE PISSED OVER NYT SCANDAL RAG SELL THOSE NEWSPAPERS TO BOZOS

Who can blame them, shameless globalist panders west, versus globalist authoritarians east.

BBC DUKING IT OUT, IN BETWEEN, maybe something there to observe, re the so called global press?

In the words of Thurow, they, all three, each need to go head to head.

Thursday, October 25, 2012

POIGNANT AN OLD MORGAN STANLEY VETERAN NO WHERE REALLY TO TURN NOW

http://www.resourceinvestor.com/2012/10/25/why-i-bailed-on-gold?ref=hp

I can well understand the feeling, and the longish background, going back into the 60s really.

Conservative professionals, everywhere, losing their ass now.

No good investment decisions, or nowadays really talking about trades, nor more buy and holds, left, really, to be made.

Term search: cashing in their chips

Wednesday, October 24, 2012

re the larger disaster looming behind the financial one

Americans have been lead to believe that it has been mainly a financial debacle that has been under way.

Grounds for this are that the so called US economy (nothing like this really exists anymore) has become overly financialized.

That tells only the part of the story. 

How did the what- it- used- to-be economy get over financialized in the first place?

Sunday, October 21, 2012

AN INTERESTING ESSAY BY RANDALL COLLINS

 I HAVE ONLY STARTED TO READ IT:

"MATERIAL INTERESTS ARE AMBIGUOUS MOTIVES; INTERACTION RITUAL FOCUS IS BETTER PREDICTOR OF POLITICAL BEHAVIOR"

RE EAST CHINA SEA TENSIONS CHINA JAPAN

Hopefully this will continue an ' uncoupling ' process, re a coupling that has been going on now for many decades.

Term search: playing three sides, Nixon shock, Mary Poppins, weasel, etc. 

Friday, October 19, 2012

term search Thurston Howell Boca etc

Re Thurston Howell Romney, I had said it all back in 06,

and in Boca too!

There are ' property rights ',

and then there are big big big property rights.

many viewers like this one

Who knows why.

It shows a very old cello belly,  off, and the bottom block area of the belly, where prior bottom block outlines, and recent and older repairs of cracks, including plugs or patches or whatever they are called,  share the photo view.

Some of these were quite old, some looked much more recent, throughout the body.

Thursday, October 18, 2012

RE KEVIN PHILLIPS BAD MONEY

"THE U.S. POLITICAL SYSTEM IS NOT BROKEN....BUT BOTH POLITICAL PARTIES HAVE CALCIFIED...."

He really will not tackle deeper issues, recent or older, here; he sees all as hunky dory if only the parties would get it together.

He fails to see, or better, refuses to discuss, that always, since the beginning really, say 1776 and before, structural problems have enabled party problems to be blamed, rather than structural ones.

He takes a broad historical perspective. Goes way back into history, everywhere, back to Rome, etc.

Reminds one of Niall's gyrations.

He talks, every few pages or so,  about things he claims neither party's politicians will talk about..........................and points at other recent doleful financial and geopolitical trends the average American can know little about................

Yet, he mentions the Civil War, a hello long standing structural problem here, only once, p 124, for a tangential non point about oil.

Why have politcal parties calcified?

When did that start? (He wants to imply it is somehow a recent development, in an otherwise virtuous political history.)

Why?

Take a guess.

He does talk about structural problems in ch 6 somewhat, but backs away from calling it other than party schlerosis. 

At p 156, he sets out his theory from 40 years ago, in a sentence, if subsequent history does not correspond, he calls it a schlerosis of the party system, not the political system structure itself.

Wednesday, October 17, 2012

RE THE MARKET CALITALIST WORLD OF EDUCATION AND EXPERTISE SHARING

"....Today's universities have an insatiable appetite for cash, and thereby have to cater, in dozens of ways, to those who can provide it. Quite a few, including my own alma mater Harvard, have turned their endowments into hedge funds and thus experienced both the pre-2007 boom and the disastrous 2008 crash. (To be fair, Harvard's endowment just reported a flat year, indicating that its new manager, Janet Mendillo, has in fact adopted much more conservative strategies.) Dr. Hubbard's career is another example of how they function as one side of a triangle that also includes the financial services sector and government...." David Kaiser

I would add that, re our higher educational system, we have systematically given away what Randall Collins calls cultural capital to underdeveloped countries whose goal is to pull abreast and then overtake us. 

Our laissez faire higher educational system, though an enormous market capitalist bubble for us, has frankly been of less benefit to Americans than to foreigners in recent decades.

In this sense it has paralleled our market capitalist corporate commercial and industrial sectors closely,

and, once again, according to analogous principles as Collins has pointed out.

The internet has facilitated this trend, a technology which, once again, we also pioneered, then offered to them as well.

Never, in the history of human conflict, 
has so much been given away,
by so few,
to so many,
for so little,
so rapidly. Paraphrasing Churchill.

I should point out, parenthetically, that my inferences from some of Collins' views would not be shared by him, based on some of his views, eg that 'we are all one, under the skin', things like that.....

although this seems to me inconsistent with his theory of change as based on conflict, it is what it is apparently, for him.

Tuesday, October 16, 2012

COMPETITIVENESS ALWAYS WAS A MISNOMER FOR ME

Nationalism is really what it should have been about.

'Competitiveness' terminology begs the whole question, 

and gives the discussion into the hands of economists, 

who have monopolized what economic rivalry is supposed to be about, including the bouger of protectionism 

and to ignorant politicians like Gore, who, for example, waved a copy of Smoot Hawley in a debate over NAFTA, as if that won the intellectual day for NAFTA.

RE RULES FOR CRAFTSMANSHIP DAVID BROOKS

No one person, or even small group of persons could, possibly, 'fix' our political system, 

which needs drastic structural overhaul and consolidation, not ever more, decades in, decades out, presidential politics drivel.

And please don't bring up something like EJ Dionne's 'vital center', the kind of bipartisan mutual myopia that kept us in this downward spiral since WW II at least, as a fix in Brooks' terms.

The bipartisan 'vital center', after WWII, is really what got us here.

RUSSIA BACK HEADING THE AUDIENCE LIST BY COUNTRY THIS WEEK

Sad commentary:

EntryPageviews
Russia
13
United States
5
Macau
4
Brazil
2
France
2
Iraq
2
Italy
2
Belgium
1
Germany
1
Spain
1

SEE DAVID KAISER'S CURRENT POST ON ACADEMIA

And my comment, should he choose to publish it.

Friday, October 12, 2012

bob tube comment on Krugman's editorial

His is better than Krugman:


  • Bob Tube
  • Los Angeles
Dr Krugman, here's what you got wrong: Republicans are all FOR economic stimulus and huge amounts of deficit spending -- as long as the President is a Republican. You need look no further than the Bush II Administration for proof --reckless tax cuts, unfunded Medicare Part D, Bridge to Nowhere, two wars on our children's credit cards. Then, when a Democrat became president, Republicans suddenly came to Jesus (in more ways than one) and wanted to cut spending and reduce the deficit, even if it would worsen the economic suffering of Americans. If Romney wins, be assured the first thing Republicans will do is have yet another come-to-Jesus moment when they decide we must stimulate the economy NOW and cut deficits later (when a Democrat is president.) Get it? Republicans in power: reckless spending is good; Democrats in power: sound the deficit alarms and cut spending

AUDIENCE TODAY Russia HEAVY

EntryPageviews
Russia
13
United States
2

NOTE PANETTA'S CONCERNS, BY NATION. 

NOT SO MANY MUSLIMS IN THE GROUP.

THIS IS THE KIND OF THING BOBBITT HAD HINTED AT IN THE SHIELD OF ACHILLES.

MUSLIM THREATS ARE REAL, 

BUT WHO HAS MORE TO GAIN, OR LOSE, REALLY, 

AMONG CIVILIZATIONS, OR GREAT POWERS, 

THE ONLY THINGS THAT COUNT, REALLY?

RE PANETTA WARNS OF DIRE THREAT OF CYBER ATTACK NYT

Our open internet system enabled this state of affairs to unfold.

We, as a nation, caused this threat ourselves.

Now corporations, beholden to no one anymore, the beneficiaries of much of it, have blocked weak efforts to gain some security control over it here.

Wednesday, October 10, 2012

KENNAN RE WILSON RE RUSSIAN REVOLUTION IN MARCH 1917

Wilson:
"Does not every American feel that assurance has been added to our hope for the future peace of the world by the wonderful and heartening things that have been happening within the last few weeks in Russia?  Russia was known by those who knew it best to have been always in fact democratic at heart, in all the vital habits of her thought, in all the imtimate relationships of her people that spoke their natural instinct, their habitual attitude towards life.  The autocracy that crowned the summit of her political structure, long as it had stood and terrible as was the reality of its power, was not in fact Russian in origin, character, or purpose; and now it has been shaken off and the great, generous Russian people have been added in all their naive majesty and might to the forces that are fighting for freedom in the world, for justice, and for peace.  Here is a fit partner for a league of honor."

Kennan: "I need scarcely remind you that practically every element in this moving statement--...--reflected a complete misunderstanding of the real situation in Russia."

Monday, October 8, 2012

RE HUAWEI ZTE BBC

Why would this surprise anyone?

Market global capitalism has been an abject failure.