This post is for you Larry Krudlow.
I am handing out my braying jackass award early this year for the most obnoxious kool aide drinker on Wall Street. You win Larry. I wanted to stick forks into my eyeballs tonight.
There are two things I have learned to never trust in my life. One is any financial pundit that does not have an upper lip and jiggles when he talks and the other thing is to never trust anything that does not have shoulders such as snakes, rats, and worms.
You see any upper lip?
Nope, and you are a pundit therefore I can not trust you. Where the hell is the upper lip? I am not even sure you have shoulders either as one of them is dipping out of the frame. Where did it go? Prove it
I concluded today after hearing Larry lines gush about our rigged casino, that what you really mean to say when you spew the words, free market capitalism, is we now live flea market capitalist society.
The rigging of asset prices has been so frequent the past two years, we have morphed into a flea market economy. The same thing has happened to the definition of the efficient market theory. We now have what is called the deficient market theory where the crappiest news possible sends the futures into orbit castrating short sellers on a daily basis.
Also, the random walk theory is now called the Ralph Kramden walk theory.
The above is what happens when the government screws with margin requirements on crap they don’t want to go up like gold, silver, and oil and where flea market capitalism truly reigns supreme.
Another example is the odd lot economic theory that claims the small investor is always wrong. True, they always have been but I heard recently that this definition has been changed to the Dodd-Frank Theory that claims the plutocrats are always right. More proof we live in a flea capitalist society.
Think the mafia will ever raise margin requirements on Bye Doo or Scamazon? Never. That is flea market capitalism.
What about our economic cycles? They have been repealed from peak to trough to recovery to peak, up your ass shorts and Bovespa here we come.
The Fed and the mafia can make the stock markets numbers and symbols dance like lotto balls in a hurricane on the first whiff of bad news we get every day. Again, proof my flea market theory is golden.
On to my new economic theory.
Lets look at the definition of a flea market to prove my thesis that Larry is speaking in pig man tongues and can’t be trusted. I knew the upper lip gut feeling was correct after I researched this the past several months. My comments are in parenthesis for you to look at and read.
If you can honestly say after reading this that I am wrong and Larry Krudlow is right, then you are a Cramerican and suck a lot.
A flea market or swap meet is a type of bazaar, (yeah the whole farking global stock market is bizarre), where inexpensive or secondhand goods are sold or bartered. (Like Travel Zoo and Nutflix right?) It may be indoors, such as in a warehouse or school gymnasium; (The NYSE, TONY DOW or NASCAR) or it may be outdoors, such as in a field or under a tent. (CNBS or Crpavision)
The flea-market vendors (The five remaining mafia families and the Fed) range from a family that is renting a table for the first time to sell a few unwanted household items ( Dang Dang and all the Chinese IPO shit) to a commercial operation including a large variety of new or used merchandise,(Idiot fund managers who invert your money for a fee) including scouts (bug eyed day traders) who rove the region buying items for sale from garage sales and other flea markets,(See Brazil) and several staff watching the stalls. (See commodity traders)
Many flea markets have food vendors who sell snacks and drinks to the patrons, (See the Steven Covey tech stock conferences and Lazo Byrini) and may be associated with carnivals or concerts.
Nuff said on the last line.
Some flea market vendors have been targeted by law enforcement efforts to halt the sale of bootleg movies and music or knockoff brand clothing, accessories, or fragrances. (Didn’t some guy named Austin Panda get indicted this week from Goldman Sucks? I feel safer now and have confidence to dip my toe back in the water.)
The flea market, however, is the arena and the vendors are the show that attracts the crowds that gather for the sole purpose of buying. (Ah, got you on this one liver lips. You are messing with the wrong reporter!)
Unlike flea market vendors, and more often than not, street vendors do not knowingly recognize a code of conduct. (See reputable and upstanding financial analysts who do not speak in pig man tongues and get indicted for honesty or blackmailed.)
So there you have it. Larry Krudlow when he spews the words free market capitalism really means flea market capitalism. I know a lot of stuff.