Biotech, genetic defect of federal government, and tranching

The World is going Biotech, and the Reception is similar to the entire issue of Grafting a century earlier. I am not becoming an advocate for the Biotech industry, now that I am trying to explain the benefits and hazards of the Process. Mutations are common in all Living Tissue, and abominations are equally generous. I once suggested, and was highly criticized by the medical community, that there were 190,000 mutations per million human births every generation, and 99.99% of all such mutations were failures which did not transmit to following generations. Non-successful mutations do not make the Cut in fertility. Medicine’s greatest fear resides in the threat that direct Cancer will learn to genetically transfer. Biotech brings suggestible preventions of these types of fear, as well as creating such fears. I take the Doomsayer position, and claim it does not matter; a massive Pandemic will get Us anyway!

I received this article by way of Dean Baker. I agree with the article, and suggest that the federal government will always be too slow out of the Gate to moderate economic policy successfully. I disagree with Dean’s own assessment somewhat, thinking that bubbles do not affect Households’ economic reaction too heavily; and if they actually do, then Households must learn to cancel temporary Windfall Gains from their purchase patterns. It is a question of proper economic education and practice.

I picked this article, not because it is of very much interest to Anyone, but because it explains the extreme Sweating coming out of the pores of the high-ranked financial market. They bought heavily in the high-Risk market because of the high Profits involved, with equity tranches seeming to protect against loss, as long as the greatest majority of the Mortgage field were completed. Now, they are highly suspicious that an endemic Mortgage failure will occur, where no tranche can distribute the losses through the Profits at a gainful rate. They are looking to dump the tranches, but find no market for them. They are feeling like I do this morning. lgl