The real Signs of Success

The phalanx of Bankers and Politicians who wanted to get a Bailout in process again did too good a Sales Job, and We are likely to enter the Election season in a Recession. They convinced Everyone to economize, a factor that can choke an economy as badly as a Bubble collapse. There had been excessive Housing construction which had been too expensive in the prior Five years; yet it could have been contained, and In-Process Construction could have been finished. The lack of Completion of such Units, and their widespread visualization on mainstream media, shook Consumer Confidence to pieces. Not only did foundation Stock Orders disappear, they turned into immediate Rush Orders where Businesses could not downsize without risk of a long-term Customer loss on their Service list. The Result could be called Slow Starvation; did Anyone come up with that term yet? These attempts to Save by cutting Stock and Warehouse Costs will destroy Us, and I who hates and detests the provision of Tax Credits, must degrade myself with a Call for a freebie Tax Credit for holding constant Warehouse Stock supply; an idea sufficient to give a man Hives.

Floyd Norris described the entire performance of the Housing industry perfectly in his blog Post: Ponzi Squared. Hyman Minsky was a smart Economist who knew that Greed always enticed Investors to pick up Fools’ Gold. Nothing breeds Failure quite as well as Success, where previous Windfalls demands repetition of Reward. There are Those who would claim that there are always Fools among Us, while I have always asserted Business acumen starts at the Genius level, and descends to the level of Idiocy. Such Individuals would not be on the Radar, except that they had somehow fallen into Success–the noted Genius. Bill Gates found Wealth primarily because he was a poor Poker player, and had to give up the Game because of insufficient funds. Warren Buffet found Success by being a fussy little bureaucrat willing to spend the huge Overtime hours studying abstract Markets no one else had barely heard. (By the way, they have the inherent right to call me any Names they want.) Bill Gates made his incredible fortune by Doubling Down, no matter what Risk level was involved, Warren Buffet still takes Joy from studying obtuse Reports; Everyone else failed because they lack the animated dedication to the extreme. I won’t comment on Carlos, because he would send Scissors to admonish me!

Some People simply do not know when to quit the Greed process, as they have become addicted to the Corruption process. Lee Kun-hee has been caught Time and Again, but like many Asian families, holds the ambition of starting a criminal Triad. They steal Billions to make Trillions, when they should steal Millions to make Billions; their ambition clearly assuring their downfall. Why do the Powerful imagine that Wealth brings Immunity, as Everyone should know that it only brings Notoriety, leading to the necessity of abandoning previous Profits-Making capacity? American hedge fund managers are only beginning to learn this Lesson, but it will bring as great an economic disappointment. lgl