Thursday, April 17, 2003
American Airlines' union has okayed salary cuts, "saving" the company from bankruptcy. Hey, maybe more deregulation is the answer, as long as the wheels don't start falling off, right?
Holy Thursday.
Hinky 4:09 PM
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Wednesday, April 16, 2003
Hey, I'm just a lone gunman in a tower; what the F do I know, as I watch the Dow climb while the market churns past sour earnings, rising personal and corporate bankruptcies, and a nyc unemployment rate that topped 8 percent most recently. Pundits call for vouchers to save education; banker call for reforms to let bankers take bankrupt public companies through bankruptcy court-- you know, like: "it's our mess, and after we robbed the public and their pensions, we should profit from cleaning it up." And the saving grace: one less dictator is in charge in the world, as the US State department mutes the armed forces from disclosing the hinky French, German, Russian and Chinese weapons they are finding in Iraq.
But in spite of it all, the hinkiest thing we can find are those siblings who ganged up on the bouncer on the lower east side, just before he died from stabbing. We aren't saying they did it (and neither is the hinky DA). All three had blood on their clothes, and the other bouncer said one of these sweatheart brothers who were in the fight said he would do the same to him if he didn't watch his step. All this because the bouncer tried to bounce one of the brothers for smoking. So what's hinky? The nyc DA let them go, because they can't tell who actually did the stabbing. Time will tell, and maybe not.
We've been reading "See No Evil," a book about Terrorism by a former CIA case officer. It's very readable; and maybe more informative than Killing Pablo, on the contemporary international relations, spying, black bags, Jihad jobs, and all that hinky stuff being writ large as the stocks and our currency tumble. It top's Hinky's Highly Recommended Reading List.
Hinky 10:26 PM
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Tuesday, April 15, 2003
Crudele, writing in the post, thinks that the Fed has to support the currency but keeping interest rates high enough to keep offshore money coming to America, like so many people searching for a better way. He thinks tax cuts are out of the question, and the Fed cuts are too. Keep rates high enough to attract capital, is the plan. It appears a bit abstract in light of a time wherein alls fair.
This war is not normal, no matter how win-win we play it. The question is to who will the costs be greater, the US, or the rest of those squirrels out there, lurking off shore, looking for a nut. Crudele is right, money finds the safest place that pays the greatest return, the only question is, where might that be in the world to come? Who knows what could happen here in America, or in other hinky places that have enjoyed smoothly running international markets, and imports to the US?
Apart from money and war, there is that hinky looking bastard in San Fran, who has the eyes of one who might have taken his wife fishing, and come home alone, ya know? A woman was found without a head, near a fetus, near the water where he fished, leaving his pregenant wife ashore.
Hinky 9:16 PM
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Monday, April 14, 2003
Christofpher Byron takes on Reg. S, the hinkiest exception to the regulations that govern American capital markets. Just like in Iraq, better late than never, I guess; but better luck next time too. The Reg. S exception to the securities laws has been around for a long, long time, and off shore investors have flourished for years using it to scalp America's capital markets. Companies from IBM to the hinkiest OTC stocks have issued it for liquidity, and have offered off shore investors and hedge fund managers money out the ying for so long that Byrons rant is about as timely as Liberty for Iraq and the rest of these police state situations in the middle east, 20 years after the unsolved bombing of American center of operations in Lebanon. Again, better late then never.
If you ever wonder how the rich and powerful in other countries keeps buying American stocks and bonds, Reg. S dealings offer a little insight; or if you live in nyc, and you wonder it is some people have money to spend like money grows on trees somewhere, you might be suprised to find out that one of the tree grows right here; the only catch is, you have to be from there to pick the fruit, using the good ol' Reg. S to harvest the closest thing to a sure in any securities market, anywhere. It will also show you why you should forget that Etrade account, if you planned on making money the same way that money is really made trading securities right under your nose in America.
Basically, the Reg. S scam allows investors from around the world, to buy special share of stock for less than half the price of stock that trades on the American markets; then, after a little hocus pocus, they can sell it back into the American markets, for full price, thereby locking in great gains, which keeps the money flowing into America's markets from all over the world.
It's only a problem for American investors, who wind up buying and selling at a great disadvantage, since the discount only extends to off shore money. Off shore hedge funds offer access to this little trick of the trade, and anyone with money enough to send it off shore to one of these little pirate ships, can make money in the markets, unlike every other jackass sap buying and selling with their life's savings onshore.
Ten years ago, after discovering a hole in the boat while learning the ins and outs of Reg. S dealing by hedge funds, Hinky put a buy on soap for the long term, and has remained bearish on just about everything else American bankers have let loose on the investing public.
Hinky 9:38 AM
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