Archive for July 11th, 2011

Fine Clothes and Rock Soup

I keep repeating the fact that not one single professional Sovietologist even hinted in the early 1980’s that the USSR was about to go. This is a matter of giant importance.

The Wall Street Journal, I am told, actually does have monkeys throwing darts at the names of stocks that are taped up. They report routinely that those Market Experts with giant corner offices with a view are statistically neck and neck with those they pay in bananas.

This is known to all, and it has importance to none. The same Market Expert who got old ladies to buy stocks with the name Dynamic in their titles twenty years ago are still being called upon by people who represent old ladies just like the ones they ruined.

Everybody is bored when you mention the Emperor’s New Cloths, then they go ahead and bet billions on the word of someone who has a talent for wearing a coat and tie and for saying something fashionable for the market media

When Back to the Future was made in the 80’s, the top executive shown on the TV was Japanese. It was assumed that, due to their growth rate, the Japanese would lead and would show us the economic future.

Well, the latter proposition turned out to be true.

Japan had a financial collapse due to the excessive trust of Insiders. The Big Names in Japan had traded on their names and reputations without adequate money to cover them until it all collapsed around their ears.

Which was EXACTLY what happened in the US in 2008.

And both were simply The Emperor’s New Clothes. Experts and Market Media kept up each others’ reputations until they slammed into reality when the bottom line kicked in.

It happened in Japan in the 90’s. The same thing happened in America in 2008, and nobody noticed either time.

In order to be noticed information must be produced.

The information is that the Market Media and the Experts are screaming examples of the Emperor’s Clothes.

The same is true of Campaign Professionals. In order to hire a Big Name in professional campaigning you have to have a giant budget AND none of the Big Names will take you on if you will embarrass them.

Ergo those who can hire Big Names win or make a fine showing 99 percent of the time.

And those who are worshipped as Experts keep putting on those Clothes and they keep producing that fine Rock Soup.