what will remain concealed is what you do not wish to know/ part 2

what will remain concealed is what you do not wish to know/ part 2

fiction
Edward w Pritchard

Arcane knowledge? What do the quality of a companies earnings have to do with real life?

Now that the Federal Reserve has stopped this QE3 alchemy ordinary people may soon find out that financial engineering by people unknown to them and far away can have a huge impact on their daily lives in the not too distant future.

Many companies in this nascent social media field have been pumping up the growth in the US economy which has been modest at best in spite of the intentions of the Federal Reserve to let the good times roll and roll. The quality of the companies earnings in the social media companies is suspect according to this author. These stocks will crash to earth with a thud one day and it will be a sad day for a while for the US economy when they do.

So what. What does it have to do with moi?

Here's what I wrote before on that:  [ let's put this under, Lord, lord, lord, let not good people suffer because of invisible forces far away ]

my plan is to do a little sight seeing here at home until the stock and bond markets settle down/ part 3

fiction
Edward w Pritchard

repost

Twitter is out of it's lock up period today meaning insiders can sell, sell , sell shares they got for next to nothing for being on the " inside" of things.

As goes these "new age" stocks so goes the anemic "real" jobless economy so it seems.

Here's what we wrote before:


All these mobile app and ghost in the machine companies like Facebook, Pandora, Groupon, Twitter and LinkedIn have got me nervous. Does anyone do any actual business anymore?

In the 1955 movie " We're No Angels"  Humphrey Bogart plays the convicted Accountant who helps the nice family he stays with while he hides out from the guards at Devil's island, where he is imprisoned for stock fraud. When asked why and how he cooks the books and the balance sheets for the companies he represents suave Humphrey Bogart dryly says " [there are] no factories just stockholders".

That's how these multi billion dollar market cap mobile app ghost in the machine new age companies seem to me, " no factories just stockholders". Not enough hard assets to justify the elevated stock prices and market capitalizations. The new social media companies attract large groups of ordinary followers into a sort of club and then the new generation of social media companies propose as their business model to refer their club members to other potential businesses such as dry cleaners, restaurants and to link job seekers with job providers. Membership and referral fees finance the entire endeavor.

Problem is the club members herded together into the clubs and social networks are having difficulty in starting their economic lives because jobs are scarce. For a hundred reasons real factory jobs no longer exist much in America. The club members are under employed and tapped out.

Does anybody do any real business in America anymore? Don't ask me, I post on a blog while I patiently wait for the imaginary advertising revenues to begin to role in when I attract an imaginary  network of followers.



and this:

forsaken jobs, give us invisible pallets

fiction
Edward w Pritchard


As more and more American manufacturing jobs are lost to China lost somewhere along with the workers themselves who once worked in manufacturing at American factories are the support staff jobs, assorted hard goods items, and the lost inventory of wood, paper and metal products that will not exist because of shrinking employment in American manufacturing.

We in the pallet industry are hard hit by this trend. Meanwhile as America loses factory and manufacturing jobs America imports more and more goods from China. China keeps exporting more and more items to America in part because of informal Chinese Government subsidies to Chinese business. The Chinese government routinely implements policies designed to keep the Yuan weak against the dollar.

Chinese Government subsidy of exports is against International trade agreements and hurts American workers.

As a partial resolution to the problem of lost American manufacturing jobs we representing the pallet industry request Congress to enact legislation requiring that for each shipload of goods exported from China to America one double stack of invisible pallets be required to be purchased by China to be used when the ship is unloaded in America. We in the pallet industry in America will sell the invisible pallets to China at a competitive rate.

Once the issue with the forsaken manufacturing jobs is resolved we also suggest that to solve the problem of missing shoppers at American malls and box stores caused by Internet sales of goods each American company selling primarily by Internet be required to purchase invisible pallets to hold delivered goods that are shipped by fed ex or like services from Internet sellers to American consumers.

We in the pallet industry trade association can provide specification on pricing and the environmental impact caused by manufacturing invisible pallets to Congress when requested through the appropriate departments of government.

Solving the problem of lost American manufacturing jobs to China and lost retail sales at malls and large box stores is easy. Forsaken American jobs, give us invisible pallets as a solution.

Catalogues with information and specifications on invisible pallets is available on the Pallet Association web site.
end