Bo Peng's  Instablog

Bo Peng
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I run a fund based on automated trading and technical analysis. But my favorite pastime is thinking and talking about political economy. I guess I'm George Soros. Writing helps clarifying my thinking. All opinion expressed here is mine, wholly mine, nobody's but mine. And all trading/investment... More
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  • Communists of the World, Unite! 0 comments
    May 2, 2010 5:18 AM

    We, hedge-funders with bank covers, declare our right of access to cheap funding via deposits and Fed funding to use for our own prop trading. We further declare our right to first refusal to pay for losses when we screw up big.

    We, prop traders + market makers + broker dealers + financial advisors + fund managers, declare our right to switch our hat at our convenience.

    We, executives of public companies, declare our right to golden parachutes when we screw up, totally.

    We, government and MTA employees, declare our right to retire at age 40, get another government job and have two public pensions.

    We, elected officials, representatives, and appointed high-level ministers, declare our right to market our power to all reasonable bidders. We further declare our right to feign moral outrage and ask stupid questions at public hearings.

    We, liar-loan home-owners, declare our right to lie, without consequences. We further declare our right to moral outrage at the banksters.

    We, house flippers and home-equity-loan spenders, declare our right to moral outrage when we lose money.

    We, strategic bankruptciers, declare our right to live in houses we don't own, for free. We further declare our right to moral outrage.

    We, citizens of US of A, declare our right to universal health care without regard to how it will be paid. We further declare our right to first refusal to increase tax or cut spending. We further declare our right to Life, Universe, and Everything, including but not limited to infinite credit and perpetual deferral of pay-back. And moral outrage.

    We, French, Greek and Spaniard workers, declare our right to be paid 14 months a year, retire at age 50, and receive public pension for ever and ever. We further declare our right to ride on Germany's back for cheap financing of our communist life-style. And moral outrage and burning cars etc etc all that fun stuff.


    Now that I've managed to offend everyone, allow me to conclude this rant with a factual observation:

    Communism has taken over the western world.

    Disclosure: Long on life, Short on money.

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