Quote of the Week: Happiness??!


Ts32_00_front_closeup_of_curb_your_enthusiasm_larry_david_pretty_good_tv_show_tThere is a vast and eclectic ocean of cultural works I worship, adore, admire, enjoy, appreciate, critique, or simply consume.  Some artistic thoughts deeply affect me; a few strike straight through my heart and soul.

But in all of that massive heap of diverse imaginative expression, there seem to be only two creators to whom I relate as a person, and not as an arts junkie: Woody Allen and Larry David.

I think the below excerpt explains it all:

Paul Dolman:    Hey, what's it feel like to have a lot of money?

Larry David:    Most days I don't even think about it.  But it's better to have it than not.  Money can't make you happy, but it can make you happier.

Paul Dolman:    Did success help make you happy?

Larry David:    Who said I was happy?

From Paul Samuel Dolman's "Hitchhiking with Larry David" (Gotham Books, 2013


Non-American Realism of “Game of Thrones”


CatelyneI'll admit it: in some of my posts I take a long-winded way to get to the point (hey, usually I have my reasons).  But there is no need for that in this case, so let me go straight to it: When it comes to the machinery of Life, the HBO fantasy series Games of Thrones and it's literary source, George R.R. Martin's A Song of Ice and Fire, are the most realistic creative products in American pop culture today.

I am not going to speculate about Mr. Martin's title for his epic's last installment, A Dream of Spring.  But I agree with a very smart person who, after watching Robb and Catelyn Stark betrayed and butchered in The Rains of Castamere episode, said: "This man will not cuddle us with nice, happy story turns we so eagerly hope for."  

No, he will not.  The series will not cater to the general public's expectations that amid a gruesome fight for power and mere survival our "favorite" characters will remain untouched and unsullied.  Moreover, the author and the show's creators will turn your emotions upside down: one minute you hate the incestual Jaime Lannister, who pushed little Bran out of the window, and the next minute you don't know what to do with your pity for his sword hand – they might as well have castrated him.  And who knew that the actual castration of the despicable and ungrateful Theon would leave you so unsettled?  

This is not your average mass entertainment fare, and the American audience is not quite prepared for it.  This is a type of authenticity cinephiles expect from French New Wave, Italian Neorealism, Cinema Novo, and Russian movies – genres specifically designed to show the naked inhumanity and unfairness of life. (The same smart person once said, "It was a Russian comedy.  I cried all the way through it.")    

George Martin's stories may take place in imaginary lands, but they are populated with very real personalities, who act like people we meet every day - power-hungry egomaniacs, cruel sadists, wealth-obsessed careerists, amoral traitors, and dishonest schemers.  This is a fantasy that reaches the ultimate height of mythology and becomes a metaphor for Life. 

Pop culture plays a crucial role in the formation of people's mentality.  And it's incredible that the popularity of the show is increasing from season to season.  Over 5 million people watched their hero Rob slaughtered on June 2nd - a drop in the ocean, of course, as far as our vast nation is concerned.  Still, if Game of Thrones wakes them up to the reality and they stop looking at the world through the pink glasses of "hopeful" Hollywood movies, it would be a grand artistic achievement.

Brace yourself, my fellow humans, Winter is coming.                      

Quote of the Week: The Negation of F. Scott Fitzgerald’s Misguided Morality


Gatsbymustknowclipimage_rx307_c540x304"Scott Fitzgerald was, in his own words, 'a moralist at heart.'  He wanted to 'preach at people,' and what he preached about most was the degeneracy of the wealthy.  His concern, however, did not lie with the antisocial behaviors to which the rich are prone: acquiring their wealth through immoral means…  Like many American moralists, Fitzgerald was more offended by pleasure than by vice, and he had a tendency to confound them.  In The Great Gatsby, polo and golf are more morally suspect than murder.  Fitzgerald despised the rich not for their iniquity per se but for the glamour of it…" 

                                                        Kathryn Schulz

                                                        Bad Egg (article for New York Magazine) 

The Frustrated CFO's comment:

A highly opinionated person has a difficult time restraining herself in the face of the inevitable hype evoked by the new adaptation of the "great American novel." And I'm not even talking about myself: Kathryn Schulz's strongly negative point of view resonated very positively with me. So, let me stick (or rather add) my two cents as well.

First of all, just like Ms. Schulz and a few other intelligent people, I always thought that, as a fictional novel, The Great Gatsby was a bad book. Moreover, the simplistic socio-economic generalizations of F. Scott Fitzgerald's writings, based on his own immediate upper-class surrounding, offend my intelligence. It's one thing when writers stick to what they know. Hey, if all of them were Philip K. Dicks, how would we know the difference? It's a completely different matter, however, when someone takes bits and pieces of his personal experience, severely impaired by alcohol and self-loathing, and tries to pass his cardboard characters and schematically constructed narrative as a "critical social history." That's a very dangerous, irresponsible, and self-serving undertaking. Was J.D. Rockefeller Jr., the conservationist, identical to Tom Buchanan?  I don't think so. Yet, they both belonged to the same class, the same age group, they both went to Ivy League Schools, etc.

There is a reason why the book's popularity rose sharply after WWII: the social changes were ripening and the white rich people were despised by most, including their own heirs (Patty Hearst was not the only one, you know). In the eyes of the readers who caused the Baby Boom, the Fates have punished poor, infatuated Jay Gatsby for trying to be where he didn't belong, for wanting to become rich and impress Daisy into loving him, for betraying "moral values" in order to accomplish this self-imposed task.

But times have changed. What the majority of critics don't realize is that by now the novel has lost all of its social-scorn charge. The baby-boomers and their children, corrupted by the celebrity-obsessed media, LOVE wealth above everything else and ENVY, but do not disapprove of, the rich. A "self-made man" Jay Gatsby is not pitied, but revered.  Who cares about shady deals, DUIs, and murders – it's all in the "job description" of climbing the ladder to the "top." 

Here is another quote to illustrate the depth of our contemporaries' perversion: 

"Every time I'm out, a drunken Wall Street guy comes up to me to say, 'You're the man.'  It's depressing.  Gordon Gekko was not a hero."

                                                                Michael Douglas 

Only in this environment the unrestrained lavishness of Baz Luhrmann's production could be acceptable, and preferable, to the hordes of day-dreamesrs wasting their lives on fantasizing about becoming rich and famous overnight. 

Now, go and Check out this entertaining post about what other directors might've done with this stale material.

MONEYNEWS: The Shit Will Hit the Fan Soon – Didn’t I Say So?


For a really long time now, I've been explaining (and so have other realists) that the overpricing of pretty pieces of paper (aka stocks, bonds, treasury bills, etc.) caused by the gambling games of cocaine-fueled, high-strung nitwits in high-rise brokerage offices and delusional day-traders glued to their hand-held devices has nothing to do with real production values, revenue growth, profit generation, and economy improvements.  

It's shocking to me that people seriously accept the stock market "rally" of the past few months as a sign of tangible fiscal gains. The same goes for the rise in housing prices resulted from the unprecedentedly low mortgage rates artificially kept down by the US Treasury.

Don't you people understand that, just like with a terminal patient, this is a temporary remission before the downfall?  You cannot take a candy wrapper that worth 1 cent and say that its price is $430 just because there is a schmuck who is willing to shell out that kind of money for it and hope that there is another idiot out there who will pay $450.  Any, more or less logical, person should understand that the real value behind the candy wrapper is still 1 cent, regardless of how much money you pay for it.  But apparently the general public is severely lacking common sense and logical aptitude.

You know what else they are lacking? The disposal income – the money to spend, the moolah to throw around, the dollars to buy the products of the very companies, whose stocks comprise these people's pension and college funds.  If the consumer market contracts, how can companies generate revenues?  How can a nation experience a recovery, when 99.9% of it is getting poorer and poorer by the minute?

This issue of the constant reduction of consumer spending is at the core of the economic disasters ahead of us.  And apparently the public-stock billionaires, whose wealth is so easily added up and compiled into lists in the Forbes's offices, have already caught up with the reality - they are in high-gear disposal mode.

Please-please read this MONEYNEWS' article about Billionaires Dumping Stocks.  In addition to listing the relevant verifiable facts, it also refers readers to the voice of reason – an economist with an impeccable prediction record who foresees a market adjustment as dramatic as 90%!!!  And if you want a really full picture read the other articles linked below as well.   

Related articles

'Aftershock' Author Robert Wiedemer to Moneynews: Investors Buy Into Fed's '100% Fake' Recovery
Billionaires dumping stocks like they're going out of style (including bank stocks).

Quote of the Week: The Accounting Blues


Images-2The Frustrated CFO's Preface:

From time to time I feel a need to come back to the discussion of an emotional burden carried by the accountants who find themselves in the unfortunate position of recognizing and reporting business losses.  And I feel absolutely justified doing so, because it is one of the most painful professional experiences.  Moreover, it is a reality many small-business CFOs and Controllers have to face with a persistent regularity.  Less than three months ago, for example, I wrote about the effect of losses on bosses (upon closing of the second quarter by the companies with a calendar fiscal year).  Nobody ever mentions how hard it is for us to be the messengers of news that may translate into budget cuts, layoffs, credit line recalls, and possible termination of business.  So, I feel obligated to talk about it.

Imagine my surprise, when I discovered a depiction of the familiar sentiments in a Booker Prize winning novel about one woman's wasted life – Margaret Atwood's The Blind Assassin.  I don't know whether Ms. Atwood is acquainted with somebody who shared their experiences with her, or she is that good at getting inside her characters' heads and imagining how it would feel to someone in real life.  What matters is that it's very accurate.  So, here it is:

"Two and two made four…  But what if you didn't have two and two?  Then things wouldn't add up.  And they didn't add up, I couldn't get them to; I couldn't get the red numbers in the… books to turn black.  This worried me horribly: it was as if it were my own personal fault.  When I closed my eyes at night I could see the numbers on the page before me, laid out in rows on my square oak desk… – those rows of red numbers like so many mechanical caterpillars, munching away at what was left of the money.  When what you could manage to sell a thing for was less than what it paid you to make it… – this was how the numbers behaved.  It was bad behaviour – without love, without justice, without mercy – but what could you expect?  The numbers were only numbers.  They had no choice in the matter."

                                                             Anchor Books edition, 2000, p. 204