Category: Incisive financial analysis

Bringing the heat

~ Patrick O'Grady ~ 12 Comments
Peekaboo.

Sun’s gonna shine in my back door some day.

Actually, it shows up there almost every day, around 9 a.m. lately.

Which, frankly, is not early enough. Not in December. The mountains and trees that shade us in summer keep things cool in winter, too.

Not as chilly as the breath of vengeance on the back of a CEO’s neck these days. But those dudes can afford to hire some heat.

And by heat, I mean a cool quarter-mil’ for round-the-clock protection. Says The New York Times:

Leaders at Allied Universal, which provides security services for 80 percent of Fortune 500 companies, said their phones were “ringing off the hook” on Wednesday with potential clients. Allied covers a wide spectrum of services — including stationing guards outside offices, chauffeuring executives, surveilling their homes and tracking their families.

Protecting a chief executive full time costs roughly $250,000 a year, said Glen Kucera, who runs Allied’s enhanced protection services.

I don’t suppose all this executive armoring-up will have any effect on the cost of products and services we use. Nah. Y’think? Nahhhhh.

Your Daily Don: Follow the leader

~ Patrick O'Grady ~ 5 Comments
“Paul Krugman? How many divisions has he got?” (h/t Winston Churchill, “The Gathering Storm.”)

Almost all economists agree that taxes on imports are, in fact, passed on to consumers. Why? Because that’s what the evidence says, and it’s very hard to come up with an alternative story.

On the other hand, Trump loyalists — which these days means almost the entire Republican Party — insist as a group that foreigners, not American consumers, pay taxes on imports. Why? Because Donald Trump says so. — Paul Krugman, “Trumpism, Stalinism and the Tariff Debate.”

A wee bit of civics

~ Patrick O'Grady ~ 17 Comments

The backyard maple is trying to coax a bit of rain from those clouds.

June 1. Good gawd awmighty. Three weeks until the first day of summer.

Where the hell does the time go?

It doesn’t feel very summery, not yet. We’re slathering on the sunscreen when we go out and about, but highs have only reached the mid-70s to mid-80s, which are very much bearable.

Thus, we have no excuses for staying inside to watch Sleepy Joe and Charlie McCarthy make the sausage. We’ll be eating it soon enough.

It all reminds me very little of what we were taught in junior-high civics classes. Or home economics, for that matter.

What it reminds me of is gym class, specifically the shower portion, wherein a jock occasionally would pee surreptitiously on some poor geek’s leg while distracting him with conversation.

The geek was usually so astonished to be having a chat with one of his betters that he didn’t notice the augmented fluids coursing down his calf until the giggling began.

And then he couldn’t do anything about it anyway.

The geek didn’t yet know about the sausage. He still thought it was just something mom put on his plate with the scrambled eggs and toast. He still thought Bob Dylan was just singing a song.

Soil bank

~ Patrick O'Grady ~ 9 Comments

What the heck, it’s just some wet bricks in the deck.

Probably not a great day to bury the bullion in the backyard.

We got about a quarter inch of rain overnight, and the weather wizards say more is on the way, through Monday at the very least.

Anyway, you want to bury your treasure in the dead of night so the neighbors can’t get a fix on its location. You come home from the grocery and find a big empty hole in the ground where your portfolio used to be and it will flat spoil the rest of your day.

Still, it might be safer under the sod than in a bank. I’m the last person on Earth you’d call a financial genius, but when all the wiseguys seem to have their heads up their holes maybe your wealth should go down one, where they can’t get their greedy little fingers on it without some manicure-wrecking shovel work.

McShrooms

~ Patrick O'Grady ~ 24 Comments

Roll another one. …

The Suits have come for your ’shrooms.

Jesus H. Don Juan and St. Castaneda preserve us! Is nothing sacred? Is there anything global capitalism will not besmirch with its grabby little hands?

Coming soon to a strip mall near you: a chain trippery called Mescalito’s. Try the gluten-free non-GMO vegan Peyote Burger with a side of Zoom ’Shrooms and a Cabron Lite® CBD lager!

Sorry, we haven’t had a drive-through window since a VW van full of hippies got caught in an M.C. Escher-King Crimson feedback loop at our Taos location and wound up circling the joint like hairy zopilotes until they ran out of gas.

So much for being a Trippist monk, growing your own revelations.

Oh, well. I guess even Mother Church has to buy the wafers and wine from someone.

In other news that makes you wonder who’s taking what:

• What’s this shit? The state of California has slammed the lid on San Francisco’s plans for a $1.7 million public toilet in Noe Valley. Is that a steep price for a one-holer? Does the pope shit in the woods? Noe thank you, please. Apparently there are some crappers down which not even California will flush the taxpayers’ dollars.

• Holy shit! Is Pootie-poot really contemplating a false-flag “dirty bomb” attack that would justify his use of nuclear weapons to pull his nicely roasted lil’ chestnuts out of the fire in Ukraine? If we’re going headfirst down that glow-in-the-dark loo, I’m gonna need some ’shrooms, stat.