Profit and loss

[calbert at tiac.net]

Jane:

> Just to get rid of one of the BS platitudes of these folks,
> just ask yourself, what does it really mean that the
> activity on the foreign exchange and currency and index and
> commodities, and all manner of derivatives has sky rocketed?
> Could it be a very, very, good thing? 

It certainly reflects an increasing diversity of trans national 
transactions. And as you, I and Jbor believe, this is a POSITIVE 
trend. More participants, a greater diversity of objectives, a levelling 
playing field, a contraction of "protected" markets in ALL nations - 
who could possibly be so obtuse as to argue that this is a bad thing?

I'm left to wonder just what experience such a person has with the 
developing world.........

ANother silly element of the "Teufelsdröckh manifesto" is the 
demand that corporations must be subject to local community 
oversight.....these are functions handled on the NATIONAL level, 
generally, though not always and perhaps not always perfectly, 
administered by people with a proven expertise, or at least some 
academic veneer of same, in their particular field. WOuld these 
"community boards" be composed of participants who are obliged to 
exhibit some understanding of what they wish to manage, or will they 
be staffed by the winners of "democratic" elections - in which there 
is a real possibility that the "pretty ones" prevail over those, perhaps 
less charismatic, who may actually know something about the 
market they are about to "supervise"?

Which leads to the following:

T's mom, concerned that she cannot afford her cat's leukemia 
medications on her fixed income, determines to sell brownies, 
fashioned from an heirloom recipe. Having spent years as a good 
mom, she has developed a real skill in fashioning tasty morsels, and 
the product is a huge success. It not only sells on her block, but now 
a regional distributor wants to take her product all over the tri-state 
area.....

At exactly which point does T suggest that his mom surrender her 
sovereignty over her project to the caprice of her drunken, fighting 
cock-pit operating neighbour? WOuld that be a function of sales 
volume, payroll, or just warm yummies?

Here is a suggestion - subject yourself to the idiots who make up the 
balance of my local condo association - just for ONE meeting....It is 
a dead bang cure for the delusion that progress springs from 
collective action and consensus.......


love,
cfa

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> Why not? 
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> Jane, thinking of investing the Fresh Air money in EU FLN
> Mortgage IOs.
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