Thursday, 22 December 2011

The revolution thus moves in a descending line

On Labour Day photographing Russian tourists
and the bronze bull at Bowling Green 
having been cradled in the arms of the cold 
war I read an executive power 

that finds its strength in its very weakness and its respectability in the contempt it calls forth.
A successful middle class follower of Jesus. Veteran. Student. Immigrant
hedge fund Arab spring American fall written on Facebook or liquidity
at a time if any section of history has been painted grey on grey it is this

encampment in liberty. Overnight, largely unoccupied and quiet.
The rich have always been free.
A protest against everyone and everything.
Remnants of the damage from the 1920 bombing still visible at 23 Wall Street.

Collateral management and secured lending 
are the big post-crisis themes in financial markets.

Friday, 16 December 2011

The time being

At times Goldman originated
At times Goldman went further
at the same time
In the months leading up
Later that day
That same evening
Also that evening
The next day
Later the same afternoon
In fact the day after
On another occasion

Do we really have scenario risk
on $2bn [billion] not’l [notional]?

Is this becoming personal?

Alice I remember how
we are not dancing together
and you worked too many hours
to have him talk over you like that —

Meaning suffering with
meaning it does not relate to the other as such
here in the cloud hall
could we listen to something a little less abstract?

The littlest birds leave
just enough room for six dancers
rescued by strangers and how many
lost decades.
To be the object of an action, be acted upon, be passive. Now rare.
We became interested in the use of chance in the 1950s,

built a Monte Carlo model of decay hypothecated
and re-hypothecated and broke the bank you’re hiding.
We cannot put this on paper.
It’s safe to come out now no one’s here.

Monday, 12 December 2011

The provision of unprecedented amounts of liquidity

1. The black drawings yesterday (just in time!) sunk me back into that abstract

2. On the phone in the middle of this intense, this is what it is

3. A number, you can work it out. It does begin with a four and it does begin with a seven, I think would be as much as we would like to say at this point

4. In continuous production since looking may be a kind of theft or elegy.

5. On the street, in the sun, all the angles and black stone.

6. Or eyesight to the blind.

7. Gloriously appointed with luxurious furnishings and a breathtaking stained-glass ceiling, a black metal

8. What does salt have to do with the sun?

9. In an empty dress, again.

10. Presses on in, but does not move on from the wild flowers assume

11. Black wooden pilings in the oily Hudson, all the glamour of the Cunard Lines.

Saturday, 10 December 2011


A failure in being perfect; an imperfection,
and you disagree. This is known as the basis.
A rain of ghosts advise: Don't look back.

A tall man often becomes Mars or Pluto whitening
his defect, blemish, flaw; or dust. It's beautiful I tell you.
I am giving you this believing it is broken.

I am paying you with the wind
in an empty dress in a shut shop window on Mulberry Street.
Swapping the word for the word at night.

There is always error, noise, skip or spread. Kurtosis.
What was then and before I came in at the end
wrapped in my own reign of closing reflections.

Yes. There are two competing theories usually advanced for the pricing of credit default swaps.
Like the green of unopened spring flowers after gentle mourning.