'my syntax when I speak is not to my liking.
I don't finish sentences or I interrupt them.'
- yvonne rainer, interview with yvonne rainer,
the white review no.12.
above - howard's golden glow from 30th april 2017 (with more beats than usual).
it's a rainy, grey morning and horsemouth has missed the dawn. he has put a reminder to himself to take the milk over to the garage and put it in the fridge out there (releasing the chickens he will probably leave to his mum).
last night the john hurt (2010) version of whistle and I'll come to you, a ghost story about dementia. that the body can outlast the soul, now there's a terrifying thought. and after that a police drama set in belfast and then the news (humza yusaf goes down to defeat).
'I love a good ponzi scheme...' remarks an FTer. they then attempt to distinguish between markets in their bubble phase and ponzi schemes - what differentiates the early years of apple (suck in the money, pay those leaving the scheme early out of the new deposits (rather than out of real profits)? fake it until you make it.
their argument is that its not a ponzi scheme if the accounts are honest (not that undue pressure can be brought to bear on auditing firms or that accounting practices can't be declared to have been dodgy at a later date).
bubbles form because investors with money are looking for a return (higher than inflation). the bubble means that they capture more of the value produced by society than is strictly their 'fair' share (and at the same time other sectors of production are denied access to the finance that would have enabled them to achieve their 'just' return).
bubbles - incorrect valuation - are the way by which wealth is manufactured. far from being an error in the process they are its heart, a heart that beats bubbles and crashes and pumps the value generated in society to the already wealthy.
we are at the last day of april. it is may eve (as celebrated in the devil rides out). beltane to those of a more pagan disposition. we enter into summer (or do we enter into it on june 21st at the summer solstice?).
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