Tuesday, December 13, 2016

And they bunch up

In a moment of surprising candor, Danielle DiMartino Booth, a former advisor to the Federal Reserve, said in a Real Vision TV interview on Saturday that “the Baby Boomers are no longer an actuarial theory. They’re a reality. The checks [from their retirement plans] are being written.”For years commentators have repeatedly asserted that “when” the Baby Boomers (that generation born between 1946 and 1964) start to retire, they will start using up funds set aside in pension plans, putting those plans into crisis. According to Booth, that day has arrived.
In California and Illinois, repricing pension plans is not an option, hence no trading pit, so we get a collapse of the probability wave.  Everyone plans to crash together. 

Pricing, pricing,pricing... a price compressed and issued is the economy adjusting its sample rate to match its process.  This is called the pricing ring, it works because the counting tokens are priced in a two color (plus pit boss) trading pit.  

So, politicians do not know this, but that is ok as long as they are a day away from their voters, then the pricing ring works, the localized government can self-measure; it is a pit.

Congress, right now, is a trading pit, the mix of senators, bankers, and Trump's typing pool. Not quite a two color, more like three. It is a crap shoot.

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