Wednesday, February 14, 2018

SCHOOL SHOOTINGS - CLOSE TO HOME - PARKLAND FLORIDA (ORIGINALLY PUBLISHED JANUARY 2013

As they woke in the morning they turned off the house alarm and said good morning to Fido, then proceeded to breakfast.  On the way to work they pass either the superintendent, a doorman, a guard or a concierge or may open twenty different locking systems before proceeding out the door of their building.  There probably will be a cop on the corner or the next corner and they might pass a sheriff on the road and in smaller cities many often pass the police station.

Arriving at the office there is a bank branch in the lobby with a guard standing out in front. Security cameras are everywhere including the red lights on the road and the elevators in their office building and parking garage.  As it is Christmas time they may go to the local shopping center where signs immediately greet them "Patrolling Security".  The next day they may leave for vacation at the bus terminal or airport and security is extensive.  Everywhere the hypothetical person turns there is one form of advanced security or another. Everywhere but...

THEN THEY WENT TO THEIR CHILDREN'S SCHOOL.  THERE WERE FIFTY DIFFERENT WAYS TO ENTER THE SCHOOL, THERE WERE NO PANIC BUTTONS IN THE CLASSROOMS AND NONE IN THE HALLWAYS.  ANY ADULT COULD HAVE ENTERED, THERE WERE NO METAL DETECTORS, THERE WAS NEXT TO NOTHING KEEPING THE CHILDREN SAFE FROM INTRUDERS OR HARM. THERE WAS NO SECURITY...

Back in the day, schools were considered sacred ground.  The horror of that no longer being true.  Can you imagine the "horror" of using our children in political brinkmanship on the matter of guns? What type of security is required at schools is not only about guns but about many other issues.

Can you imagine the stupidity of President Obamas' proposal that you can have a ten bullet gun but not an automatic weapon.  I suppose that would allow a crazy person to sneak into the school with 5 handguns but not an automatic weapon.  What will this really accomplish?

Thursday, February 8, 2018

HIGH FREQUENCY TRADING...(ORIGINAL POSTING 8/6/11)



When the housing boom was taking place it developed huge vested interest in the continuation of the housing bubble. A voice in the dark could point out the absurdities of what was happening but the enjoyment of inflated prices and profits overwhelmed sanity, logic, discipline and history.

In my opinion, we are now being faced with a "time bomb" that will far exceed long term capital management, the insurance protection decline of the 1980s and the financial collapse of 2008. This huge "Black Swan", huge beyond comprehension, will hit when least expected and we will wonder why it wasn't dealt with before. The answer will be found underneath the rubble of certain greedy Wall Street types and vested political interests.

We cannot permit automated machine type trading, with no relationship to companies outlook, etc. to dominate the volume of trades in the stock market. There is no excuse, none whatsoever, for creating a machine driven gambling casino mentality in order to justify the existence of capitalism.

Here is what's going to happen. A computer driven decline will occur and the brakes will fail due to human error or whatever causing the equity wealth of the country to be sharply cut again. Because there will be something happening in the world at that time, recovery will not be as fast as it was in the late 2000's. All computerized trading, of the type we are referring to, should be made illegal and stopped before its too late.

The vested interest will tell you otherwise and make their case. Just like in the long term capital case they are mostly using other people's money and are more concerned with their chance of winning than losing. The monies not theirs anyhow and there is no concern for the system, only their own profits.

Look at the erratic swings in the stock market that have occurred in the last few weeks. We draw this as a small example, a very small example, of what is coming if we don't stop this type of computerized trading.

CAPITALISM WILL FAIL IF THIS IS HOW IT'S CONDUCTED.
P.S. Please remember that I am a very strong supporter of capitalism and many of the activities that our financial firms participate in. The probably isn't a better system than ours.
 

Shepard Osherow. All Rights Reserved