Credit to danmack @marketwatch

Here is another fairy tale. The experts bought into a derivatives clothing line, and then someone's little brat yelled out to the crowd that the king, the bankers, and the Treasurer Secretary were all naked. Several experts now called "spurts" for short declared that the child just didn't understand Keynesian economics, and that the Treasury Secretary, the king, and the bankers were all clothed and in their right minds. They grew indignant at a growing conspiracy of on-lookers who said "hey these guys really are naked." Someone even wrote a book entitled "Been naked so long they think they are clothed." It is rumored that a new and improved clothing line that just looks like they are naked is being woven from last year's crop of green sprouts. Timmy explained that his apparent nakedness is clothing, his debt is money, and prosperity is just around the corner and other Father Hoover truisms. The market rallied on the speech for three days. The noisy brat was sent to Guantanamo.

Good idea from Paul Farrell

Hackers could expose secret agreements between Wall Street’s co-conspirators, back-room deals with politicians and bureaucrats, lobbying payments and illegal campaign contributions, especially from foreign governments, encrypted emails, side dealings with short-sellers on derivatives, quant trading algorithms, return on investment, fee and compensation schedules, marketing scams manipulating the public, and all unethical or criminal plans.

Read the entire article:

http://www.marketwatch.com/story/how-hackers-can-help-us-defeat-wall-street-2010-11-08

Starve the beast

http://market-ticker.org/archives/1861-WE-THE-PEOPLE-Have-Had-Enough.html

Back to the old world order

When we "won" the cold war, we didn't win at all. By bringing China and Russia into capitalist society, we sealed our own doom. History has shown again and again that men gravitate to the feudal system, where a few people own all the resources and the rest of us just try to eek out a living. The rise of the US after WWII was the first time where a middle class was allowed to think they could live like rich people. Even during the Renaissance, the merchant class had no delusions that they were anything other than tools of the rich. But Americans really started believing that anybody could break into the fraternity. Once the dollar is no longer the reserve currency, that delusion will go away and we, the American middle class, will slowly become the lower class. I hope the handful of people who made it into the fraternity enjoy it, because the rest of us are in for nothing but pain as our USD based assets become worth nothing.

Semester is over

As usual, teaching was fun but university politics isn't.

Spring Break

I haven't had to drive from Lewisville to SMU and back this week. What a relief. Instead, I've been in Vista/Eclipse/Maven/JBoss/Spring/Hibernate hell. Vista changes files to read only. Move a file in Eclipse and suddenly errors that aren't errors but won't go away appear. Maven wipes out the file structure of WTP until I figured out which .settings files to edit. JBoss has conflicting xerces and jsf jars. Spring has sprung. It's too much. Something has to give. Hibernate is gone. Too little value added for the pain.

Yesterday I saw a message from a person on LinkedIn who was shocked he was laid off. After all, he was a CCIE. Calm down, dude. Broadcasting panic to the universe is a natural first reaction, but it needs to be squelched. People are hiring but are being inundated with applications. You may have to take less money than you're used to.

Businesses that pay as they go instead of borrowing to operate will come out of this. Check on your customers and see what they need. Ask them if they know anybody who needs it, too. People are still spending money for necessities. Make sure they consider you to be necessary.

From no jobs to two jobs

I stopped blogging when teaching started, but I didn't stop looking for jobs, but my focus changed. I stopped looking at large corporations with big IT packages and started looking at small private businesses that needed web help. I found a company with a good product looking to upgrade to the types of MVC packages I'm familiar with and it's a good fit. So for a while I'll be teaching and working and that's pretty much it. I like having skin in the game. New product will make it because I will it to be so.