Chiseling in Plain Sight

Market makers are specially licensed brokers of Fed bonds.  They promise to move bonds the Feds offer one way nor another, through their contact worldwide.  Chiseling is carving off a piece for yourself anytime you can.  "Constant" also falls within "any time you can."

In terms of yield, the entire top to bottom move for the entire day was around 5 basis points. Had the Fed really said or done something, action could easily been  triple that if not more.
Priced in volatility is expensive for this reason, even though in most cases nothing unexpected is said or done, other than market makers purposely running stops in both directions.

To constantly be chiseling, to be noted in casual observation by Mish, and of course never noted by porn-addicted captured SEC regulators, is just one of the countless reasons that whenever we look around, anyone making money us cheating, lying, and no one plans to do anything about it.  More of the same.

Get your own business going.

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Secret Medical Experiments on Newborns

No one was executed for the crimes of the Tuskegee Experiments, let alone imprisoned.  So they go on today, 2014.

Because premature babies have immature lungs, they usually require treatment with supplemental oxygen to survive and to prevent brain damage and other problems caused by oxygen deficiency. In many cases, premature babies also need to undergo intubation (insertion of a breathing tube into the trachea, the main airway leading to the lungs) and treatment with a ventilator (an automated breathing machine). More than 50 years of medical research have demonstrated that for premature babies, treatment with too little oxygen can cause brain injury or death, whereas treatment with too much oxygen can lead to damage to the retina of the eye and blindness.

Yes, just ask Stevie Wonder, it happened to him.  Never mind, just keep doing it. Why do secret, pointless, harmful human medical experiments go on in USA?  Because they can.

Read the article, they even cheated on their own mad-scientist experiments on newborns.

It does no good to complain.  Just like the Tuskegee experiments, plenty of doctors complained, but nothing came of it.

No one is ever prosecuted when doing hegemon research projects.  In capitalism, there is no mechanism for curbing state abuses.

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Forty Banker Suicides

The headlines say "banker" but it never is, it is people working in banks who know too much.  It is never a top banker.

Three bankers in New York, London and Siena, Italy, died within 17 months of each other in 2013-14 in what authorities deemed a series of unrelated suicides. But in each case, the victim had a connection to a burgeoning global banking scandal, leaving more questions than answers as to the circumstances surrounding their deaths.The March 6, 2013, death of David Rossi — a 51-year-old communications director at Monte dei Paschi di Siena, the world’s oldest bank — came as the institution teetered on the brink of collapse.
Rossi was found dead in an alleyway beneath his third-floor office window in the 14th-century palazzo that served as the bank’s headquarters.

In the early Sixties, there was a series of world leaders who all sought independence, freedom, prosperity, justice… Kennedy, Hammerskold, Lumumba, Diem, politicians all, who were murdered. And then domestic as well… MLKing…

It seems if you work under the hegemony and try to do what is right, well…  defenestration for you!

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Internet Trends Nonsense

Mary Meeker was a stock analyst disgraced in the 1999-2000 stock boom/bust.  She is back, this time as a "internet trends" maven.

Now, apparently, she is preaching to the choir, since the comments section is full of adoring admirers.  There wasn't a sentence of her talk that I would not challenge, for instance, internet is now 10% of retail.  Prove it.  As one who gives all day public lectures, I also understand the technique she is using, the drone on talk, a quasi-hypnosis technique, where people just take in highlights, and see what they already hope one slides.  It's a replay of Apple's 1984 ad, except it's missing the mallet-thrower.

People must be stating that which I thought only I was saying out loud, they internet marketing does not work by any measure.  She said "internet advertising does work…" (emphasis hers, the lady doth protest too much methinks) and goes on to point out a vineo (or something) that got 10 million views.

Views aren't sales.

Her examples are all government programs, like google, or if not, simply survivorship bias victims.

Mary Meeker is still in the business of telling the delusional what they want to hear.  Before millions put their lifesavings where she said they should and lost much, there was a worldwide settlement fund set up.  Today she plays it safer, she simply tells them to drone on, everything you hope is coming your way anyway.

Huge applause.  Demands for more.



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