The Trading Game

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The Book of the Week is “The Trading Game, A Confession” by Gary Stevenson, published in 2024. This blogger highly encourages the reader to peruse the entire “Wall Street” and Economics categories of this blog in order to gain a better understanding of financial matters and economics.

In March 2007, the 1987-born author began working on the Fixed Income Trading Floor at the Short Term Interest Rates Trading Desk in the Foreign Exchange section of Citibank in its London branch. He had grown up in a tough, poor neighborhood in East London. He beat the odds for someone of his demographic group, considering the fierce competition in both getting accepted to a prestigious university and getting a job in currency trading.

Stevenson nurtured an aspiration to make lots of money. Fortunately, his talent and hard work in mathematics allowed him to score high on standardized exams. He attended the London School of Economics where he rubbed shoulders with mostly male, wealthy elitists whose fathers gave them a leg up in life, and whose futures were almost guaranteed to be bright. At school, when he won a game involving hypothetical securities trading, Stevenson’s life turned around. For, he won an internship which turned into a career.

After a few lucky breaks and bold moves on his part, the author was just hitting his stride in work-experience when he happened to be at the right place at the right time to earn extremely large financial gains from a triple-whammy disaster. In March of 2011, about twenty thousand people died in Japan due to an earthquake, tsunami and nuclear meltdown of three power plants. Amidst the resulting financial turmoil and previous turmoil of the 2008 worldwide financial crises, Stevenson made a percentage of the millions upon millions of dollars he earned in currency trading for Citibank.

Stevenson alone in his department had been correct in gaming the situation. Everyone else had been wrong and they lost money. Nevertheless, he was still emotionally troubled. He bore two major similarities with Alan Turing– another genius: social dysfunctionality, and indifference to how he looked and what he wore.

Stevenson was one of the proverbial three kinds of people (geniuses in the minority)– the kind who knew what was happening and made things happen. The vast majority account for the other two kinds of people– brainwashed, unwashed masses who watched what was happening, and then still wondered what happened.

In the early 2010’s, the author came to the realization that there would NEVER be economic recovery of any financially-struggling countries in the European Union while the Swiss National Bank kept interest rates at or below zero. The other traders in his department optimistically kept repeating that interest rates HAD to rise sooner or later, because they had bet wrong.

But, the tiny percentage of the super-wealthy, super-powerful people of the world sought to maintain the then-status quo, because it made THEM even richer, and the poor, poorer, as the cliche goes. The income inequality of the world would eventually result in a slave-based economy (as existed in ancient times) all over again.

Read the book to learn much more of Stevenson’s personal and professional life, and his times. As is well known, the United States is one of the major economic superpowers of the world, and its politics are part and parcel of that. Here’s a little ditty on its momentary political situation.

LET THE BEST TEAM WIN

sung to the tune of “Let the River Run” with apologies to Carly Simon, BMG Gold Songs C’est Music and Tcf Music Pub Inc.

[Spoken: We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.]

Let the best team win.
Let’s all peaceFULly watch the changes.
Come the new, new Washington.

Brilliant ideas rise.
The media lies, about, and smears them.
And celebs get themselves in your face.

It’s asking for the taking,
blaming, deep-faking.
Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

Through the hate and all.
It’s who we are:
Place a trail of desire
on the White House lawn.

It’s asking for the taking.
Just hold on now.
Democratic convention will be a show
you’ve never even seen in political history.

Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

It’s asking for the taking,
blaming, deep-faking.
Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

Let the best team win.
Let’s all peaceFULly watch the changes [watch the changes]
Come the new, new Washington.

Toast at the Borderline – BONUS POST

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This is what Trump will be singing the next three months. It’s ALL he’s got, unluckily for him.

TOAST AT THE BORDERLINE

sung to the tune of “Close to the Borderline” with apologies to Billy Joel.

CrowdStrike-crash, heat wave, D-P-M-S, SHOTS, were fired.
I’m not dead, but Harris made the border-crisis, very dire.
JD was standing there witnessing how the crisis is taking, its toll.
Migrants slip through. They’re all criminals.
It’s Harris’ fault, says every poll.
Just for me, women have-to pretty-their-face,
The black people get, special TREATment for their race.
I get attacked be-cause Secret Service is-n’t around.
They’re a disgrace. Under-my-rule, better-men are found.
Life is rough, but I’m so tough.
I cry no tears at any time.
I survived, I’m still alive, but

with Harris, we’re toast at the borderline, uh huh, toast at the borderline, huh, uh huh.

Oh, all-you-see are criminals and the homeless in blue-states these days.
And Biden raised PRICES on gas. He was terrible, so terrible, in SO many ways.
Rich man, poor man, I’ll keep-away the tax man, when I get elected this round.
With the Democrats– well, we’re gonna ALL go to hell with their next big meltdown.
I got remote control and a color TV.
Those troubles at the border, we all can see.
I got real truthful friends. The Democrats LIE.
They don’t know how to lead. On a Marxist-agenda they rely.
I’m so great. I can’t deny.
I started-a-revolution. I didn’t even try.
Don’t know why I’m still a nice guy, but

with Harris, we’re toast at the borderline, uh huh, toast at the borderline, huh, uh huh.

I’ve had to sacrifice so many things. The Democrats are throw-ing it all away.
They don’t know how to do anything.
The border is wide open, it gets worse every day. Whoa, whoa, whoa, whoa, whoa, whoa, whoa.

I need to teach JD my mad skills.
I need a lawyer for my Witch Hunt bills.
I need a banker to finance our debt. But Democrat support, I’ll never get.

Isn’t new what they put me through, but everybody knows I’ll make us great again. Another night I fought the good fight, but

with Harris, we’re toast at the borderline, uh huh, toast at the borderline, huh, uh huh,
toast at the borderline, line, line, line, huh, uh huh…

The Night Trump WAS Defied – BONUS POST

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…And the exciting conclusion of the “Hush Money” Trial, produced by and starring Donald Trump, written by lawyers and decided by, THE JURY:

The Night Trump WAS Defied

sung to the tune of “The Night Chicago Died” with apologies to Paper Lace.

(Trump was STOPPED, in a court in New York City,
back in the USA, back in the Biden days.)

In the heat of a late spring night
where the land is a lawsuit mill.
The night Trump was defIED.
For him it was a bitter pill.

About-WITCH-hunts he’d bitch-and-moan.
But the GOP, he did OWN.
“It’s a disGRACE,” we-hear-him SAY,
while others FINally yell, “Hooray!”

I’d heard a MILlion lies.
I’d heard-the-crimes the night Trump WAS defied.
People, what a night the lawyers saw;
people, what a fight the lawyers saw.
Could it be?

I’d heard a MILlion lies.
I’d heard-the-crimes the night Trump WAS defied.
People, what a night the lawyers saw;
people, what a fight the lawyers saw.
Could it be?

And the propagandists sang, that a jury turned the tide,
but Trump’s current legal gang, could apPEAL and save-his-hide.
There was shouting and infinite TWEETS,
saying progress like this is SWEET.

But other people SAID, this is good for states of red.

I’d heard a MILlion lies.
I’d heard-the-crimes the night Trump WAS defied.
People, what a night the lawyers saw;
people, what a fight the lawyers saw.
Do my-eyes-deceive me?

I’d heard a MILlion lies.
I’d heard-the-crimes the night Trump WAS defied.
People, what a night the lawyers saw;
people, what a fight the lawyers saw.
Do my-eyes-deceive me?

And Trump still had the gall, to keep trashing one and all.
And the Right’s wallets opened wide,
and his slaves rushed to his side,
and they kissed his big, fat ass,
and they brushed his tears away.

The night Trump WAS defied.
hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah.
The night Trump WAS defied.
People, what a night the lawyers saw;
people, what a fight the lawyers saw.
Holy GOP!

The night Trump WAS defied.
hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah.
The night Trump WAS defied.
People, what a night the lawyers saw;
people, what a fight the lawyers saw.
Holy GOP!

The night Trump WAS defied.
hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah-hah.
The night Trump WAS defied.
People, what a night the lawyers saw…

Liars’ Theme – BONUS POST

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“Our vision stands in stark contrast to Crooked Joe Biden and his Far-Left special interest allies who want to keep the status quo and end American Exceptionalism at home and abroad… The radical Biden Democrats have had their time and their tried-and-failed Marxist agenda has been a disaster.”

So says a May 2024 mailing that is soliciting donations for the Trump National Committee. One wonders whether donations would go toward paying MORE hush money to who knows whom.

Here’s the trial situation:

LIARS’ THEME

sung to the tune of “Arthur’s Theme (Best That You Can Do)” with apologies to Christopher Cross, the Estate of Burt Bacharach, Carole Bayer Sager, and the Estate of Peter Allen.

All of his life Trump FOUND them.
Accomplices who kept word from GETting around.
Michael Cohen made himself, the, TALK of the town.
After-his-ordeal, he’s still with us.
What comes around, goes around, in this town.
Wondering whether he’ll take, Trump, down.

When Trump got caught with Michael COHEN in New York City…
Both are phony. Is anything new?
When Trump got caught with Michael COHEN in New York City…
The best that they could do, the best that they could do, was cover up.

Donald, he does what he pleases.
All of his life, he’s mastered power.
His claques, flacks and sycophants are ACTing, ACTing loyal.
Tired of court, time after time,
thinks he’ll never be doing, ANY time.
Showing his suck-ups the way, they WISH they could be.

When Trump got caught with Michael COHEN in New York City…
Both are phony. Is anything new?
When Trump got caught with Michael COHEN in New York City…
The best that they could do, the best that they could do, the best that they could do, was cover up.

When Trump got caught with Michael COHEN in New York City…
Both are phony. Is anything new?
When Trump got caught with Michael COHEN in New York City…
The best that they could do, the best that they could do, the best that they could do, was cover up.

When Trump got caught with Michael COHEN in New York City…
Both are phony. Is anything new?
When Trump got caught with Michael COHEN in New York City…
The best that they could do, the best that they could do, the best that they could do, was cover up…

Oozing Democracy – BONUS POST

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Interesting political factoid: At the end of April 1968, Hubert Humphrey (a Democrat from Minnesota) jumped into the presidential race. America was in a different time and place then.

Since the Reagan Era, America’s diversity, location, size and the greed of human nature have all teamed up to give its style of democracy and capitalism a slimy underbelly.

These increasingly incestuous political and economic systems put it through a vicious cycle:

1) Excessive deregulation spawns unconscionable looting (of itself and other lands) by mostly alpha males.
2) The consequences lead to: partial restoration of regulation, but hardly any punishment for the real culprits, and eventually,
3) business as usual all over again.

Politicians are a crucial cog in the systems. They think they’re oozing democracy when in reality, they’re just oozing.

Here’s what they sing in American-style campaigns.

DEMOCRACY OOZING

sung to the tune of Rock ‘N’ Roll Music with apologies to the estate of Chuck Berry and whomever else the rights may concern.

Just let me preach some of my democracy oozing.
Through voting you can choose it.
Knowing backstory you can’t lose it.
Any old time you use it.
I’m gonna be democracy oozing, if you want to rant with me, if you want to rant with me.

I got no beef against equality.
Unless the law doesn’t favor me.
I deserve due process indefinitely.
You know I am never GUI-i-lty.
That’s why I go for that democracy oozing.

Through voting you can choose it.
Knowing backstory you can’t lose it.
Any old time you use it.
I’m gonna be democracy oozing, if you want to whine with me, if you want to whine with me.

I greet my donors in shady spots.
Where nosy-bodies can’t conNECT the dots.
I have a RIGHT to privacy.
Just as activists, to AS-sembly.
That’s why I’m all about democracy oozing.

Through voting you can choose it.
Knowing backstory you can’t lose it.
Any old time you use it.
I’m gonna be democracy oozing, if you want to lie with me, if you want to lie with me.

My opponents want autocracy.
And their actions show hypocrisy.
They have oppressive POL-i-cies.
And they rewrite history.
Only I MYSELF am democracy oozing.

Through voting you can choose it.
Knowing backstory you can’t lose it.
Any old time you use it.
I’m gonna be democracy oozing, if you want to smear with me, if you want to smear with me.

In your state we have a primary.
In other countries they have bribery.
It’s much too early to declare victory.
But in the meantime, I keep Americans free.
So I keep on democracy oozing.

Through voting you can choose it.
Knowing backstory you can’t lose it.
Any old time you use it.
I’m gonna be democracy oozing, if you want to brag with me, if you want to brag with me.

The Bluest State

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The Book of the Week is “The Bluest State, How Democrats Created the Massachusetts Blueprint for American Political Disaster” by Jon Keller, published in 2007. This short volume contained a mishmash of anecdotes on politicians and issues in Massachusetts from the 1980’s to the single-digit 2000’s.

According to the book (which appeared to be credible although it lacked Notes, Sources, References, and a Bibliography), Democrat politicians in Massachusetts (such as Ted Kennedy and John Kerry) displayed “Aloofness. Arrogance. Entitlement. Condescension. Hypocrisy.” They and their supporters consisted largely of aging, elitist Baby Boomers, such as the Clintons, Al Gore, and John Edwards. The author cited some data that showed this (without listing his sources).

In 2004, the Democrats chose Barack Obama to deliver the keynote speech at their convention in Boston. The author commented on how African American politicians had changed the tone of their rhetoric: “American liberalism’s black face this time around would not be a fire-breathing preacher with a sermon full of angry demands [like Al Sharpton or Jesse Jackson]. Instead, as the crowd roared in approval, a dignified light-skinned black man spoke compellingly about his love for America in Hallmark terms.”

And yet, as Barbara Walters wrote in her book, “We [the media] really seem to care only if they [celebrities and politicians] are outrageous and call our president a devil or declare that the Holocaust never existed. Stand up and scream and we will interview you, or be reasonable and unheard.” Political races are won or lost with the right messaging at the right time. It is a delicate operation.

The author wrote of another politician– Deval Patrick– who was elected governor of Massachusetts in 2006. Patrick’s charisma helped him just before the election– he and his rival were neck and neck in the polls, but a good bit of last-minute messaging gave him the win. After he took office, however, he immediately began to ignore his constituents and reap political spoils in various ways, breaking his campaign promises. Is it relevant that he is African American?

Identity politics is alive and well for various reasons. One reason is that it is a way of maintaining two rivalrous parties– which has helped maintain a democracy more or less, for the United States for more than two centuries. Indefinite one-party dominance would be a dictatorship. There would be total cooperation, but the leader would rule his empire by fear.

There are always leaders who have embarrassing stories to tell about numerous political contacts and those contacts know it, so by threatening to tell those stories, the leaders can cash in on favors from those contacts in the future whenever necessary. Unbeknownst to voters, all the time, infinite acts of political puppetry are going on behind the scenes.

Anyway, read the book to learn of how the author gave a few examples of the hypocrisy of the Democrats, especially in Massachusetts, on the usual major political issues that get voters riled up: scandals, affordable housing, the environment, education, taxation, gay rights, abortion, crime, etc., etc., etc.

Mar-a-Lago – BONUS POST

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As is well known, Donald Trump ignores ALL signs of decline in his popularity. Clearly, his downfall will be complete only: when the number of his ass-kickers (such as Judge Engoron, E. Jean Carroll, and Omarosa among others yet to emerge) exceeds the number of his ass-kissers (his attorneys, previously– Rudy Giuliani, Bill Barr, Alan Dershowitz, etc., etc., etc.), or, when he dies.

Here’s a little ditty of what he continues to sing, despite the wreckage piling up around him.

MAR-A-LAGO

sung to the tune of “Key Largo” with apologies to Bertie Higgins.

I’m better than the others.
I’m fighting so hard in the courts.
All these Witch Hunts together.
My accusers are losers of all sorts.
Watching my old testimonies,
and attacking me desperately.
America, I am your hero.
And you are my favorite country.

I do it all.
Protecting you and building the Wall.
Starring in my own great, great show.
I’ve just been planning at Mar-a-Lago.
All our enemies ran and hid.
So many, many things I did.
I could do them all again, I know.
I’ve just been planning at Mar-a-Lago.

America, don’t you remember–
I cancelled every bad deal.
We will never surrender.
I stopped the steal.
I made you rich. I will do it again.
‘Cause you love me still.
America, this can’t be the end.

I do it all. I do it all.
Protecting you and building the Wall.
Starring in my own great, great show.
I’ve just been planning at Mar-a-Lago.
All our enemies ran and hid.
So many, many things I did.
I could do them all again, I know.
I’ve just been planning at Mar-a-Lago.

I do it all. I do it all.
Protecting you and building the Wall.
Starring in my own great, great show…