I took Columbus Day off. So now it’s Tuesday.


A canary on the runway instead of in the coal mine? Could signify much. Economic slowdown, fear of activist investors, world running out of new billionaires. https://www.bloomberg.com/news/articles/2017-10-09/private-jet-glut-spurs-insane-bargains-for-aspiring-buyers

I really do urge this website on what readers I have. Amazing the doltish, illiterate expressions. The right word for Trump is pathetic. http://www.trumptwitterarchive.com/

People like me have got to learn to differentiate “blockchain” from “cryptocurrency.” https://www.bloomberg.com/news/articles/2017-10-09/want-to-ditch-social-security-numbers-try-blockchain?cmpid=BBD101017_TECH&utm_medium=email&utm_source=newsletter&utm_term=171010&utm_campaign=tech

No comment needed: http://kunstler.com/clusterfuck-nation/8445/

And so it always seems to go: http://www.crainsnewyork.com/article/20171009/REAL_ESTATE/171009904

And then this: http://ritholtz.com/2017/10/publicity-is-king/

A lot of money for a single hand, even if Leonardo did paint it: https://news.artnet.com/market/christies-leonardo-da-vinci-salvator-mundi-1110734

Bacevich: always worth reading: https://www.nakedcapitalism.com/2017/10/andrew-bacevich-americas-permanent-wars-as-mere-background-noise.html

The Way We Cheat Now: http://www.spiegel.de/international/business/airbus-corruption-scandal-threatens-ceo-tom-enders-a-1171533.html


http://nypost.com/2017/10/05/swedish-death-cleaning-is-the-morbid-new-way-to-de-clutter-your-life/We did this as part of the move. A ferocious triaging of stuff, starting with my entire library, including DVDs, videodiscs, and a machine to play these: 254 boxes to Brooklyn College. I could have opened a Staples with the extraneous office supplies I’d accumulated. These went to  a stepson to distribute in the public school where he teaches. 1200 music CDs to LoftOpera. 15 large construction bags of clothes to St.Mary’s Church. The floor-to-ceiling bookcases I had custom-built in 2000 have gone to a new community center on the island of Jamaica. The feeling of relief is palpable. I can die neat.

https://www.nakedcapitalism.com/2017/10/matt-stoller-toward-new-democracy.html Why you should never let a day go by without looking at Naked Capitalism. 

https://www.thedailybeast.com/inside-the-nypds-sting-on-harvey-weinstein?via=newsletter&source=DDMorning  Oy! Play the tape. Why have no reports of this Weinstein mess, at least the ones I’ve seen and read, revived the time-honored phrase “casting couch.”

The Yale Endowment has reported what it believes to be a disappointing investment performance. I don’t believe the number they’ve given, nor the numbers posted by any institutional investor with large holdings in private equity. venture capital and another types of investment that cannot be liquefied quickly. The reason is simple: performance figures from PE, VC and what-have-you are furnished by the sponsors. Your illiquid holdings are what you’re told they’re worth by the promoters, and you have no basis for challenging them. The promoters give you what in the old days in “the awl bidness” we used to call “an Oklahoma Guarantee.” As in: “I guarantee there’s ten million barrels behind them leases – or I’ll be a sonofabitch!”

No comment needed: https://www.forbes.com/donald-trump/exclusive-interview/#707465b2bdec


Somehow yesterday slipped by. Yesterday was my youngest son’s 31st birthday.

Good points here. Having been keeping up with Wall Street on Parade as much as I should have. http://wallstreetonparade.com/2017/10/blaming-russia-for-major-u-s-problems-raises-risk-of-not-seeing-enemy-within/

Important: https://www.nakedcapitalism.com/2017/10/john-helmer-lunatic-russia-hating-washington-70-years-old-started-joseph-alsop-george-kennan-washington-post.html

Celebrated the 80 of my dear friend Bill Acquavella with a lovely lunch at the Brook tendered by his sons. Eight of us. The Brook remains among the most elegant – if not the most elegant – of Manhattan clubs. I was a member for 20-odd years, until I felt I had to resign when they admitted Henry Kissinger as a member. Only club in Manhattan that had, at least in my day, six or seven different ties. I belong to a number of sought-after clubs, but I’ve resigned from even more lofty ones: the Brook, and – here’s the showstopper- White’s in London. They boast that the only person ever  to resign from White’s was recent PM David Cameron, and then strictly for political reasons. Wrong.


Interesting: http://apps.bostonglobe.com/metro/graphics/2017/10/amazon-boston/?s_campaign=breakingnews:newsletter

Now this makes a lot of sense: https://www.nakedcapitalism.com/2017/10/tim-oreilly-time-rewrite-rules-economy.html

Especially when you contemplate these swine: http://www.bostonglobe.com/news/politics/2017/10/14/the-kochs-want-that-tax-cut-badly/oUJ2VvCU0GAIT7cbdZfIXL/story.html

I’m not sure I grasp the intricacies, but I find this informative with respect to what really needs to be discussed when we try to sort out Facebook’s effect on politics: https://www.theatlantic.com/technology/archive/2017/10/what-facebook-did/542502/ 


Lest We Forget: https://www.bloomberg.com/news/features/2017-10-16/black-monday-at-30-wall-street-remembers-the-1987-stock-market-crash

Something wicked this way comes? https://www.bloomberg.com/news/articles/2017-10-15/london-house-prices-fall-at-fastest-pace-since-financial-crisis

I think this is spot on. Even if I had billions, I wouldn’t touch this picture (haven’t seen it in the flesh (sic) though). And do hit the link to Christie’s’ promotional video: https://news.artnet.com/market/the-gray-market-salvator-mundi-sale-1117208?utm_content=from_&utm_source=Sailthru&utm_medium=email&utm_campaign=US%20newsletter%20for%2010%2F16%2F17&utm_term=New%20US%20Newsletter%20List

Why, indeed? http://wallstreetonparade.com/2017/10/why-have-investigations-of-wall-street-disappeared-from-corporate-media/