Friday, September 7, 2018

Reply to Global Crisis Article

Christine Lagarde International Monetary Fund

Reply to:

Christine Lagarde: We've made progress since the financial crisis. But there's still more to do

It started long before the collapse of Lehman brothers.  While the collapse of Lehman brothers was, as you stated 
"Looking back today, the pressure points seem obvious. But they were less obvious at the time. Most economists failed to predict what was coming. It is a sobering lesson in groupthink." This was less group-think than mob psychology. Or, as I put it, "buying into the premise.  (EVEN as I write this, Julie Chen on The Talk  CBS Corporation asked the question, "What is more important to you, Function or Fashion?"  The audience cried out-- "Fashion")  This I covered in my article
"Marketing 1959"

Moreover, you said,

"What were these pressure points? At the core was financial innovation that vastly outpaced regulation and supervision. Financial institutions—particularly in the United States and Europe—went on a frenzy of reckless risk-taking. This included relying less on traditional deposits and more on short-term funding, dramatically lowering lending standards, pushing loans off balance sheets through murky securitizations, and more generally, shifting activity to the hidden corners of the financial sector that were subject to less regulatory oversight. For example, the market share of subprime mortgages in the United States reached 40 percent of overall mortgage-backed securities by 2006—up from almost nothing in the early 1990s." 1.  The subprime mortgage programme was instituted contrary to the best financial advice. 2.  Fannie Mae and Freddie Mac were in trouble even as politicians were declaiming their stability.

However, to truly understand this, there must be the cultural transformation. After Ronald Reagan replaced Jimmy Carter, the American culture turned into "a kid in a candy store" mania. Lifestyles of the Rich and Famous took over: How much to fill this bathtub with champagne? How much to fill this bathtub with caviar? Celebrities were paying $22. for a $2. cigar.  I know that because I smoked Macanudo Prince Philip Cafe for $2.  But not after the Rich and Famous took over. Our entire culture was primed (no pun intended) to accept the culture lust for luxury.  This was covered in my article  Ascribed Value--or ridiculous consumption. My most recent efforts, since the EuroCrisis, has been propounding the algorithm: Capital Investment + Economic Stimulus =  Economic Development+ Growth Sincerest regards,

Bob Asken
Box 33
Pen Argyl, PA

Copyright (c) 2018 Bob Asken
All rights reserved.

Wednesday, September 5, 2018

Belling the Cat 2.0


Copyright ©  2018
Bob Asken
All rights reserved.

Bob Asken
Box 33 
Pen Argyl PA

Thursday, August 30, 2018

Monday, August 27, 2018

CHINA: The Video


Copyright ©  2018
Bob Asken
All rights reserved.

Bob Asken
Box 33 
Pen Argyl PA

Thursday, May 17, 2018

Walmart Can Best Amazon

Walmart is in a better position than Amazon.
Walmart has the advantage of moving into "Online" a la Amazon, but
Walmart also has the brick and mortar Food Delivery option to compete with Amazon's Whole Foods plan.

IF Amazon can do a Whole Foods 2 hour Grocery delivery, Walmart can top it with 2 hour Food + 2 hour other products.
Walmart 5358 Stores Whole Foods 470

If Walmart doesn't screw up, they can leverage their position in the marketplace Literally.

Amazon has few, if any, brick and mortar locations.
Walmart has the option of leveraging locations providing a "catalogue" location for "in-store" on-line purchases and leverage point of purchase opportunities with customers.

The only impediment is the Penney Problem.

Remember? See the results?

Warmest regards,


If you find anything here to be helpful, please don't hesitate to send me a really tricked out Mac Book and to tuck a few dollars into the envelope along with the thank you note. Slim

Bob Asken
Box 33
Pen Argyle, PA 18072

Copyright (c) 2018 Bob Asken
All rights reserved.

Saturday, May 12, 2018

How AAPL Was Started--The True Story

   One day Steve Jobs was moping around the house looking all sad and dejected
and--well--looking for pity.  

After a few heavy sighs, his Dad finally lost patience and said, "What's bothering you

Steve let out a heavy sigh and said, "I want to invent the Apple Computer and change
the world of technology."

"Well, why don't you, Steve?"

"It's all your fault."

"How is it my fault?" his Dad asked.

"Because we don't have a garage.  Mr. and Mrs. Wozniak have a garage. Why don't we
have a garage?"

"Listen to yourself, Steve. Do you hear yourself?  Do you even pay attention to some of
the things you say?"


"Mr. and Mrs. Wozniak have a garage.  Why don't you just mope over to Steve's house
and you can ask Mr. and Mrs. Wozniak if you and Steve can use their garage?"

"I don't know.  I don't like to impose."

"Well, you're starting to get on my nerves. Now buck up and go over to Steve's house
and annoy his parents with your existential crisis."

"Existential Crisis?" Steve asked.

"If you don't know what it means, Google it."

"Google hasn't been invented yet.  And do you know why? Because Larry Page's parents
don't have a garage."

"And Serge Brin's parents don't have a garage either.  But the Wozniaks do, now get

Well, Steve Jobs decided to take his Dad's advice and loped over to Steve Wozniak's
house to talk about it.  But before he left he decided to put on a white turtleneck to
make a good impression. But his white turtleneck was dirty.  He looked for another one.
But they were all balled up and stuffed under his bed. So he grabbed a black turtleneck
because he knew it wouldn’t show the dirt, and off he went to the Wozniaks to talk to his
friend Steve.

"What do you think, Steve?"

"Well," Steve Wozniak said, "we'll never accomplish anything sitting around talking about
it. Let's go ask my parents."

"You think they'll go for it?"

"Who knows?  Besides, the worst that can happen is they'll no.  But I don't think that's
going to happen. My Dad is getting tired of me cluttering up the dining room table with
all my tech stuff.  Come on. They're out in the garage right now."

And, out to the garage they went where, quite by coincidence, Mr. and Mrs. Wozniak were
having a clear out.

When Mr. Wozniak saw them, he asked, "Did you boys come out to help me and your
Mom do a little cleaning up?"

"Well, actually, Dad, Steve and I came out to ask you if we can use the garage to start a

"Oh, good grief," his Dad said. "You boys aren't going to start selling drugs, are you?"

"No, Dad."

"I'm not going to have you selling drugs out of my garage."

"Dad, we're not going to sell drugs."

"Oh, good Lord, you're going to start a garage band.  I'm not going to have you running
a garage band in my garage, so you can just forget it."

"Dad, we're not going to start a garage band and we're not going to sell drugs."

"Then just what is it you boys intend to do? From what I've seen so far, all you two boys
can do is make a mess. True, a battery operated mess, but still a mess."

"Well, Steve and I want to start a computer company.  Steve and I want to invent the
Apple Computer and transform the world of technology."

"A computer company, huh?  Well, I guess you can't cause too much trouble with that."

Mr. Wozniak looked at his wife. "What do you think?"

"Well, I do want to call Mrs. Jobs to find out if it's okay with her and Mr. Jobs.
Steve, do your parents know you're here?  But more important, and not more importantly,
do they know what you're up to?"

"Yes, Mrs. Wozniak."

"Okay, if you have your  parents' permission then Steve has my permission.  Besides,
Dear," Mrs. Wozniak said to her husband, "I think it's nice that the boys are taking up a
hobby. And they do get along so well."

Mr. Wozniak thought a moment.  "Well, I guess it's okay. At least you'll be where your
Mom and I can keep an eye on you."

"Gee Dad, that's swell. Thanks a lot."

"Yes, thank you Mr. Wozniak.  And thank you Mrs. Wozniak. I promise you, we won't
make a big mess and we won't make a lot of noise."

"Just one thing," Mr. Wozniak said.  "If you boys want to use the garage, you're going
to have to help me and your Mom clean it up first.  I want to get this mess cleared out,
put things away, put the tools back, and sweep up."

"Wow, this is so neat," Steve Wozniak said.

"Hand me that hammer so I can hang it up on the wall."

"We're going to tech icons."

"Give me the hammer, Steve."

"I can't wait to get started.

"You can't pick up the hammer, can you?"

"That's okay," Mrs. Wozniak said.  "You boys are going to change the world."

And that is how AAPL was started.

The moral of the story is simple.  

If you want to be a success in the world, you won't let anything stand in your way.  

And if you want to be a success in the tech world, go into your parents' garage and
invent something.  

But if your parents don't have a garage, find a friend whose parents have a garage
and ask them if you can use their garage.

Best of luck.



If you find this tale truly inspiring, please don't hesitate to send me a really tricked out
Macbook and to tuck a few dollars into the envelope along with the thank you note.  
My parents don't have a garage and I don't have any friends. Slim.

Bob Asken
Box 33
Pen Argyl, PA 18072

The Satire of Slim Fairview
Copyright (c) 2018  Bob Asken
All rights reserved,

Wednesday, February 7, 2018

Merkel Caves! Slim Wins!

For nearly eight full years, the blogger known as Slim Fairview has inveighed
against austerity with the celerity of a honey badger.  
Scores of articles have been written, and thousands of tweets have sent links to
the articles to thousands of readers around Europe and the world.  
From Grexit to Brexit and beyond the articles were intended to bring about the
reforms that are  imminent.

With the forming a government, and to make that government possible,
The Chancellor caved and handed over the keys to the
Foreign and the Finance Ministries to the opposition party.

Some of the article links listed below.

This is Brexit 15 June 2016
GreekEnomics 8 June 2015
{The only real value to this article is the number of links to articles regarding Merkel and Europe)
Merkel's Big Lies? 2 May 2014
Greek Proposal 8 July 2015
Merkel and Charybdis 22 June 2015
Firewall or Farce? 27 February 2012
Brit-In Brit Out 19 February 2016
Et. al.

Warmest regards,

Copyright (c) 2018  Bob Asken  All Rights reserved.

Friday, January 12, 2018


Economy World Quoting the Washington Post. "The Chinese are now buying as much stuff as Americans, a game-changer for the world economy." - Washington Post. This repudiates Slim's Paradigm. China    is the Global Seller. The US  is the Global Buyer Reality Check With links to related articles at the end. China has 1 Billion 300 Million people The US has ...........300 Million people If China creates 300 Million Creative, innovative, high-tech entrepreneurs. China has 1 Billion people to do the work. If the US creates 300 Million Creative, innovative, high-tech entrepreneurs, the US has no one to do the work. If we convert 25% of our population into creative, innovative,  high-tech entrepreneurs, China still has 4 times as many workers. Choice:

Each American Does the work of 4 people Robots replace 3 out of 4 American workers. We better makes friends. Fast. Get edified. Slim

If you find anything here to be helpful, please don't hesitate to send me a really tricked out
Mac Book and to tuck a few dollars into the envelope along with the thank you note. Slim.

Box 33
Pen Argyl, PA 18072

LinkedIn Profile


China: QE and Emerging Nations.

China: Not the What? the Where! with links to related China Articles by Slim Fairview.

Copyright (c) 2018  Bob Asken
All rights reserved.