Comments on: The Bat Segundo Show: Douglas Rushkoff http://www.edrants.com/the-bat-segundo-show-douglas-rushkoff/ a cultural website in ever-shifting standing Wed, 08 Feb 2012 18:01:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Shalom P. Hamou http://www.edrants.com/the-bat-segundo-show-douglas-rushkoff/comment-page-1/#comment-256911 Shalom P. Hamou Sun, 02 Aug 2009 06:28:17 +0000 http://www.edrants.com/?p=12323#comment-256911 In my Tract <a href="http://blog.yield-curve.net/" rel="nofollow">The Age of Turbulence: Plea for a New World Economic Order,</a> I explain the nature and causes of economic depressions. A new, bigger Crash will come causing a real depression. <a href="http://blog.yield-curve.net/2009/08/03.html" rel="nofollow">Preparing for the Crash, The Age of Turbulence.</a> Proposes a way to profit from The Crash. That strategy covers Treasuries, Corporate Bonds, Minerals (Oil, Precious Metals and Base Metals.) and Stocks. Its aim is to profit from both the Asset Price Bubble and Irrational Exuberance and The Crash and Economic Depression that will ensue. <b><i>A turbulence in fluid dynamic is a chaotic state of a liquid or a gas. It Owns Most of the Proprieties of The Liquidity Trap, Origin of The Crash.</i></b> It tries to accomplish Alan Greenspan Mission Impossible: <i>"That is mission impossible. Indeed, the international financial community has made numerous efforts in recent years to establish such oversight, but none prevented or ameliorated the crisis that began last summer. Much as we might wish otherwise, policy makers cannot reliably anticipate financial or economic shocks or the consequences of economic imbalances. Financial crises are characterised by discontinuous breaks in market pricing the timing of which by definition must be unanticipated - if people see them coming, then the markets arbitrage them away." .... The clear evidence of underpricing of risk did not prod private sector risk management to tighten the reins. In retrospect, it appears that the most market-savvy managers, although conscious that they were taking extraordinary risks, succumbed to the concern that unless they continued to "get up and dance", as ex-Citigroup CEO Chuck Prince memorably put it, they would irretrievably lose market share. Instead, they gambled that they could keep adding to their risky positions and still sell them out before the deluge. <b>Most were wrong</b>."</i> Alan Greenspan <b>The Age of Turbulence: Adventures in a New World <i>[Economic Order?]</i>.</b> I propose a plausible alternative solution to the depression: <a href="http://blog.yield-curve.net/2009/07/crash-register.html" rel="nofollow">Enter Your €5 in The Cra$h R€gi$t€r.</a> <a href="http://blog.yield-curve.net/2009/07/crash-register.html" rel="nofollow">Buy Now The Tract That Will Be Published September 17th, 2009.</a> In my Tract The Age of Turbulence: Plea for a New World Economic Order, I explain the nature and causes of economic depressions.

A new, bigger Crash will come causing a real depression.

Preparing for the Crash, The Age of Turbulence. Proposes a way to profit from The Crash.

That strategy covers Treasuries, Corporate Bonds, Minerals (Oil, Precious Metals and Base Metals.) and Stocks.

Its aim is to profit from both the Asset Price Bubble and Irrational Exuberance and The Crash and Economic Depression that will ensue.

A turbulence in fluid dynamic is a chaotic state of a liquid or a gas. It Owns Most of the Proprieties of The Liquidity Trap, Origin of The Crash.

It tries to accomplish Alan Greenspan Mission Impossible:

“That is mission impossible. Indeed, the international financial community has made numerous efforts in recent years to establish such oversight, but none prevented or ameliorated the crisis that began last summer.

Much as we might wish otherwise, policy makers cannot reliably anticipate financial or economic shocks or the consequences of economic imbalances.

Financial crises are characterised by discontinuous breaks in market pricing the timing of which by definition must be unanticipated – if people see them coming, then the markets arbitrage them away.”

….

The clear evidence of underpricing of risk did not prod private sector risk management to tighten the reins.

In retrospect, it appears that the most market-savvy managers, although conscious that they were taking extraordinary risks, succumbed to the concern that unless they continued to “get up and dance”, as ex-Citigroup CEO Chuck Prince memorably put it, they would irretrievably lose market share.

Instead, they gambled that they could keep adding to their risky positions and still sell them out before the deluge. Most were wrong.”

Alan Greenspan
The Age of Turbulence: Adventures in a New World [Economic Order?].

I propose a plausible alternative solution to the depression:

Enter Your €5 in The Cra$h R€gi$t€r.

Buy Now The Tract That Will Be Published September 17th, 2009.

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