Business – Page 2 – Brown Pundits

US Stock market, plus Boeing

I thought it would be a War in the mid-east that would get the dominoes falling. Turned out a real black swan. However much many think that the US stock market was on solid foundation, false premise. The underlying instabilities that caused 2008 crash never went away.

Injection of trillions, low Fed Interest rates almost free (now zero rates, i.e free) helped the stock market soar and insiders to take their money of the table. Middle class Tax payers, Pension funds, the small retail stock buyers are left holding the bag.

I expected a probable drop to 20K and a somewhat probable to 15K. The collapse and drop even surprises me, and other skeptics. Now even 15K seems highly probable. Thats why I say read alternative media, like ZeroHedge, RT and Unz (aka Fake news) to see the other side of the spin.

Boeing:
When Boeing management said it was the fault of foreign pilots (in other words non white) spelt their own doom. I said Boeing should drop below 100, I did not expect this fast. Hedge fund operated Boeing, cutting corners to maximize profits. Stock buybacks, were the norm to push up stock price. Investment in safety measures, research and development, was not part of management decisions.

Maybe Trump will inject money into Boeing to get the stock price up. The insiders will sell. Retail idiots who believe Boeing is a great American Company will buy, not knowing Hedge Funds, Bezos and the like are not real Americans, i.e. those who care about the deplorables and others.

Now Trump, like the Boeing guys wants to deflect his responsibility, saying racist Chinese Virus. I think going to end much like the Boeing management.

Unhappily for the US, the alternatives in leadership are equally horrible. Biden another Trump probably worse, in the stages of Dementia and will be a puppet. If Sanders is able to get the nomination (anyone opposing Trump will win), he will be blocked by his own party the Democrats.

Update: Article by Raghuram G. Rajan, Uni of Chicago Professor and former Governor, Central Bank of India. He was one of the first (only ?) academic to warn against proliferation of MBS (Mortgage Backed Securities) and derivatives and the instability they would cause. The first domino to fall in the 2008 Financial crash. A peer reviewed journal article (2005) so was very toned down. (Has Financial Development Made the World Riskier? (2005) abstract and full article)

When Raghuram G. Rajan or Satyajit Das write I sit up and read and re-read carefully.

https://www.project-syndicate.org/commentary/covid19-economic-weaknesses-by-raghuram-rajan-2020-03

Dow Jones (DJI)
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Is it time for Asian Americans and Latino Americans to ask to be considered “white”? (d)

This is the next article in the series “Is it time for Asian Americans and Latino Americans to ask to be considered “white”, “Is it time for Asian Americans and Latino Americans to ask to be considered “white” (a)”, Razib’s “Hasan Minhaj’s Patriot Act on Affirmative Action“, “Is it time for Asian Americans and Latino Americans to ask to be considered “white” (b)” and “Is it time for Asian Americans and Latino Americans to ask to be considered “white” (c)”.

A middle eastern student shares how deeply offensive a condescending pretentious patronizing xenophobic post modernist baizuo caucasian is towards them. The baizuo caucasian tells the middle eastern student that he is a genie for solving a math problem and then apologizes for it afterwards, since after all the word “genie” comes from the middle east. Two phenomenons might be at play. One is baizuo. The other is anti muslim islamaphobia.

If this is coming from baizuo, this is a very old problem. It comes out of European imperialism in the 1700s and 1800s. The European intelligentsia tried to colonize the minds of their imperial colonial subjects with inferiority complex to damage their self confidence. Europeans also tried to deconstruct colonized peoples, causing them to be embarrassed by, hate and reject their ancient history, technology, science, product development, process innovation, civilization, culture, religion, spirituality, art, literature, institutions, ancestors and elders. Post modernism divided colonized peoples into many categories of oppressed and oppressors (mostly manufactured irrational concepts) to turn different groups of people against each other; implying that power oppression rather than meritocratic competence defined local hierarchies. This European colonization of the mind sharply lowered total factor productivity and material living standards in the developing world ceteris paribus. The Latinos, Africans and Asians got sick of it, and kicked the Europeans and their baizuo European intelligentsia out. You can read more about this in a Nuanced understanding of British Colonialism.

Sadly the baizuo caucasian intellegentsia did not seem to learn from this. In the 1960s they tried to undermine America’s heroes Muhammed Ali and Malcolm X. Please watch Muhammed Ali’s and Malcolm X’s videos speaking about the baizuo in American Caste (a). And the baizuo seem to continue to get worse year after year. I don’t understand how this is happening. Perhaps could this be a xenophobic jealous backlash against the accelerating socio-economic rise of the rest–especially darkies?

What can we darkies do about this? Should we ask to be considered white?

To the middle eastern student who wrote Prof Saad, maybe the caucasian overlords should learn that the vast majority of Aryans are Asians. Asians (Iran, Afghanistan, Uzbekistan, Xinjiang, Tibet, Turkmenistan, Tajikistan, SAARC, South East Asia) are very proud to be Aryan or Arya, thank you very much. Arya or Aryan is a cultural rather than genetic marker. Arya means nobility. Maybe ignore the baizuo and become extremely successful in everything you do despite their efforts to sabotage you. Fewer and fewer foreigners are fooled by the hard bigotry of low expectations, by the lie that we cannot manifest our own miracles. Their time is almost up.

I would like to thank Prof Saad for being a glowing light of wisdom and inspiration for our world. Love you Saad!

In the comments, please mention if anyone would like to invite Prof Saad to be a guest for the Brown Caste podcast.

No honor among brownz

Subway Got Too Big. Franchisees Paid a Price: Sabotaged meatballs. The wrong soap. Franchisees say supervisors manipulated inspections — then took their stores. A company ‘hit man’ says it’s true:

That was when Ms. Greco took over Subway, and the company’s store count began to shrink. In the East Bay, Mr. Tripathi was under the jurisdiction of a development agent named Chirayu Patel, known as Akki. He oversaw a huge, choice territory that included most of Northern California and western Nevada. Mr. Patel also owned dozens of Subway stores.

I was curious about this story because when I was in college Subway was my “fast food” of choice. But it was interesting to see that under the surface of a story about corporate malfeasance was another about South Asian (Indian) petty corruption. There are whole entrepreneurial subcultures in the USA which are highly South Asian, and conventional business reporters are probably missing some dynamics.

Here is another about Sikh truckers in California.