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Thursday, November 29, 2007

Unto Infra-Red View..Beyond Gutenberg....TigerHawk Rock Mix

 Happy Holidays y'All!!

This post is the first in our end of year  series. We'll take a detour in presentation,format and style.As AlWAYS fresh content over here at TigerHawk's.(Remember to Refresh Browser as this post is being written NOW).

TigerHawk's Rock Mix.

I have many young rock musician friends and comrades, who constantly ask my views on their work. So here as a tribute to the current generation of rockers(Hail to Rod ,Christy and Elo), I present a snap-shot of Rock music which has moved me.As the mix shows I'm old school.While everyone can choose The Stones and the Beatles,I treasure the trumpet arrangement and vocal richness of Chicago,the Afro-sensibility and jazzy vibes of Santana,the blood-pumping energy of Grand Funk Railroad, and the bluesy and haunting performances of Jimi Hendrix.Just mentioning a few.Enjoy.

The following player will be continually adding tracks over the holidays so keep checking for what DJ TigerHawk has on Rock Tap.Saludos!!

Ache,Paz Y Luz.

Happy Holidays!!

TigerHawk. 

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Bringing in the Heavy Hitters!!

Today is Friday December 7,2007.So much is shaping that I delayed continuing the entry here.The Los Angeles Times on page 4 of Today's Business section revealed what I had suspected.CDOs or Collateralized Debt Obligations are paying out 20 cents per dollar.Basically these mortgage backed securities were the sexy and complex instruments conjured up by Wall Street Originators.The recent multi-billion dollar 'write downs' by Lower Manhattan's finest institutions with names like Morgan Stanley,Merrill Lynch,Goldman Sachs et al, is why there is a cloud over current financial activity.The whipping boy's name is 'sub-prime'.Pure mis-direction.It has the built in comfort of irresponsible lower classes who didn't deserve or qualify for these crazy loans with adjustable and ballooning interest rates.$39 billion from 'The Bull' as Merrill & Co call themselves, is not all poorer folk.What's really going on is the spate of re-financing by sober and responsible middle class home-owners and other speculators biting at the finance wizardry of complex and exotic debt/investment instruments. It's elementary Watson, all about commissions.The resignations of Citigroup's and Merrill Lynch's C.E.O's ,Mr.Prince and Mr.O'Neal,cushioned by golden parachutes, was the ritual sacrifice to maintain corporate appearances.Everyone was getting paid.

It's so obvious to me that I felt compelled to bring in some heavy hitters who will temper my contempt for the foolery which has many in looming economic jeopardy.Contemporary history is what we need .Seeing the trees from the forest. Thank God all is not lost in the corporate outlets. The New York Times presents a bold fellow named Paul Krugman who only this week addressed the mortgage backed securities frenzy of irresponsibility by blue-blood financial outfits.Mr Krugman addressed what I shared back in July/August 2007.Namely that exactly 10 years earlier the Asian peoples experienced the ravages of the so-called 'Asian Currency Crisis'.Riots spread in Jakarta,Indonesia  where ethnic Chinese were targetted for rape and assault, as those nations experienced an erosion of their living standards in a matter of months.So serious was that event in the eyes of many Asians that sectors of China's military considered it akin to military aggression and took copious notes.Currency speculators making hefty spreads and commissions were suspected of pouring fuel on the currency flames then.Mr Krugman brings serious finance and economic knowledge to the New York Times. I'm glad he's there to give me a respite from the intellectual gymnastics and mental pathology passing for financial/economic editorials.Where's Public TV's Louis Rukeyser when we need that wit,poetry,clarity and scholarship?

The other gentleman who has come to my intellectual rescue is a Scotsman who has columns in The Financial Times and Los Angeles Times among other US media.Niall Ferguson(Professor at Oxford,Harvard and Stanford) considers himself a contemporary historian who has the eye on China and the West's adjustment to new global realities.Ferguson also called it on the global financial kabuki dance back in July when the French bank refused withdrawals from its mortgage backed securities funds.The deacons and hierarchy in Wall Street were passing it off as a wrinkle. Subsequently, corporate IOUs to each other have dried up, creating a liquidity jam as their is a lack of , would you believe..Trust.The Federal Reserve is being viewed as the knight on the white horse to lower interest rates and all will be well. Pure dementia. China has $1.4 trillion U.S cash in Beijing.No moves are relevant without their acquiescence.In fact, a mere musing of diversifying this foreign reserve caused a 300 point drop in the Dow Jones last month.

To be continued.....

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