tag:blogger.com,1999:blog-1527840491496268397.post5597271057511439750..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Sunday Night LinksUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-44784210931122031032021-02-23T21:43:57.454-07:002021-02-23T21:43:57.454-07:00Instead of "E Pluribus Unum,"
"Sha...Instead of "E Pluribus Unum,"<br /><br /><b>"Sharp guys that can see through the scheme are never given a voice"</b>CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-15407148509356818532021-02-23T21:12:04.429-07:002021-02-23T21:12:04.429-07:00Those are some great excerpts from Devin Helton. I...Those are some great excerpts from Devin Helton. It's incredible how many people see so clearly through the multiple grifts modern US has running, and yet low information voters are able to be manipulated in such transparent fashion by the oligarchy.<br /><br />Which is the perfect lead-in to the PUC of Texas. Those guys are absolutely useful idiots. Sharp guys that can see through the scheme are never given a voice, and clowns like Andrew Barlow are given a megaphone like they are some kind of special geniuses.<br /><br />In fact, It takes a special kind of stupid to convince people they should sell unhedged volatility, and that is essentially what they did to the electricity market.<br /><br />Pre-Boomers we invested in a certain amount of over-capacity as a collective insurance policy. It cost slightly more, but such is the nature of insurance. It's recognition that an ounce of prevention beats a pound of cure. Mind you, capitalists still did OK, but it was going to be at "boring" rates of return. So be it, you want to gamble go to Vegas.<br /><br />Along come Boomers, using useful idiots like Barlow to justify their idiocy, and they decide we can wring out the excess and pass all the savings to consumers. It's stupid. Capitalists still do OK making a boring rate of return 92% of the time, but they also got a free call option that is all but guaranteed going to pay 10-20X once in the next 10 years. The sky falls, they make out like bandits and laugh all the way to the bank while the recriminations fly and Congress closes the barn door a day late and a dollar short. Then that one problem gets fixed after the fact, but there's a half dozen other short vol trades waiting in the wing.<br /><br />It is every vol buyer's dream to have 10 positions where each one has a 10% per year chance of paying out 10X in the next 10 years. Idiots like Barlow have made it possible for these vol trades to pop-up everywhere like weeds. It is an outrage, and guys like him will never get their just desserts. They are strategic failures and are protected for it.Allan Folzhttps://www.blogger.com/profile/06762674627739423845noreply@blogger.com