A bubble graph of “the BBBubble”

Read carefully and .. meditate (COMPENSATION obviusly refer to top executive incentives). But, please (see previous post, below, in case of TEMPTATION), don’t hurry up to ANY scapegoat conclusion, pleeeeeeease: it’d be highly misleading, just a proto-antropoid RITE for the sake of changing nothing. And we are sincerely FED UP with scapegoat mechanisms (René Girard had explained it almost all, but perhaps this was useless, since we are still Sapiens doomed to repeat horrific rites  on and on- Le Sacré du Printemps, et c’est juste Printemps).

I cut and copy:


Tempting fate

Dare we put up a bubble chart? Apparently we do. From Zero Hedge.

Zero Hedge - Writedowns, leverage and compensation

Related links:

The Merrill bubble – Zero Hedge
Salaries from a bygone era – FT Alphaville

This entry was posted by Tracy Alloway on Wednesday, February 25th, 2009 at 13:55 and is filed under Capital markets.


Obama leading 1.5/1, i.e. 50% on McCain

PHOTO: CC license, Steve Rhodes. Flickr

An Obama New Deal

i.e. a door out of the merdique Age of …, is at hand’s take:

1.  most recent Los Angeles Times/Bloomberg poll.

It shows Obama leading by 12 percentage points — 49% to 37% — in a head-to-head contest, and by 15 points — 48% to 33% — in a four-way race, that includes Barr and Nader. Seems the Republicans aren’t crazy about McCain. The Clintonian camp (demagogically cultivated by McCain) is definitely, quickly converging on Obama — only 11% of Clinton supporters would vote the Republican candidate.

2. Naomi Klein has a strong recommendation, in order to get an Obama New Deal, from the Obama succes that is apparently emerging.Obama’s Chicago Boys .

NAOMI KLEIN: Before Obama can transform the economy, he has some housecleaning to do. Too many Chicago’s Friedmanites in his backyard.

3. The Nation, the Institute for Policy Studies and http://extremeinequality.org,  call for a creative competition: propose a standard name for the 1980-2008 epoch, that an Obama New Deal is called to close forever. Last major ages were:

a) The Great Depression, 1929-39

b) The Great Compression: Economic Miracles (1945-80), Keynesian policies, rise of middle classes, Kaleckian income and wealth equalitarian RE-distribution

c)  (Great) X  Age (1980-2008):  globalisation and world Rentiers Elite, drastic COUNTER – distribution in their favour; consequent hysteresis (1990s), then methastatsis (now) of over-accumulation, in a régime of deflation  (Aglietta- Berrebi, Beitel, Chesnais, Fabius Maximus). An implosion and proletarisation of middle classes, an expropriation and repression of creative classes (Florida, Harvey).

Early name proposals already include: 2nd gilded age, 2nd great transformation (my proposal), epoch of deconstruction, Fall of Rome part 2, great bubble age, great disconnect (harley shaiken, berkeley), great divergence (paul krugman), great divide, great repression (economic and political),  the new confederacy (according to a Comment by blueCedars, the confederacy won Civil War in 1980 and established work slavery), Reaganomics age of wealth inequality, Twin Peaks (my proposal too: a peak of N. Atlantic civilisation, and  world Humboldt Peak for hydrocarbures).


   Michel Aglietta and Laurent Berrebi (2007), Désordres dans le capitalisme mondiale. Paris: Odile Jacob. 

  Karl Beitel (2008), The Subprime Debacle. Monthly Review, May: “other crises await, and the ability of the central bank indefinitely to defer the underlying problem of overaccumulation is far from guaranteed”.

   François Chesnais (2008, Jan.), Fin d’un cycle. Sur la portée et le cheminement de la crise financière. Carré Rouge – La Brèche,  1: 17-31. 

   Fabius Maximus (2008), Consequences Of A Long, Deep Recession – Parts I, II, III. http://fabiusmaximus.wordpress.com/2008/06/18/consequences-1/  -2, -3. June 18-20.