Moving...

This site is moving to a new home.

For a while, old poems will still be here.

Privilege Fail Ally

My solidarity is well established
Alice you know already reading
on my iPad until drinks arrive maybe I'd like
to live in a basement room with 1369 lightbulbs
I would believe it.
It's literature. It's easy. Conceptually I'm there
doesn't matter anymore right
the exciting thing about negative rates in the current context
it's only us & them —

13 ways of looking at a pipeline

1.
Among 20 snowy mountains,
The only moving thing
Was the crude of the pipeline.

2.
I was of 3 minds,
Like a port
In which there are 3 pipelines.

3.
The pipeline pulsed under autumn winds.
It was a small part of the pantomime.

4.
A people and a river
Are one.
A people and a river and a pipeline
Are one.

5.
I do not know which to prefer,
The beauty of predictions
Or the beauty of denials,
The pipeline spilling
Or just after.

6.
Experts filled the long hearings
With barbaric greed.
The shadow of the pipeline
Crossed them, to and fro.
The mood
Traced in the shadow
An indecipherable cause.

7.
O good chiefs of Yinka Dene,
Why do you imagine unceded Aboriginal Title & Rights?
Do you not see how the pipeline
Walks around the feet
Of the people about you?

8.
I know noble accents
And lucid, inescapable rhythms;
But I know, too,
That the pipeline is involved
In what I know.

9.
When the pipeline fell below the fold,
It marked the edge
Of one of many circles.

10.
At the sight of pipelines
Spilling in a green land,
Even the bawds of capital
Would cry out sharply.

11.
He sailed over Hecate Strait
In a glass boat.
Once, a fear pierced him,
In that he mistook
The shadow of his value at risk
For a pipeline.

12.
The river is moving.
The pipeline must be spilling.

13.
It was evening all afternoon.
It was snowing
And it was going to snow.
The pipeline ran
Beneath the cedar-limbs.



(3 links to different contexts)

Learning from history or the future conventional expressions of a great leap forward

"Dear common" I want to say Alice & is this thought
homage no thought is theft again.
To those who came before
revolution. To those who are still to come
revolution. But now in my house
a warm room & reasonable perhaps
income is this collective affect? Yes or no.
When once we could buy low & sell high.
You see from a profits point of view
it's not a depressed economy at all.
In my garden a thousand flowers grow.

It's not mere chance that this goes on listen
vague discomfort under toxic well-being
or inarticulate rage anaesthetized by sweetness
or the simulated visibility of the comment stream
when power is all local, mobile or high speed concern
across the duration spectrum & no site of capital
but maybe this machine still kills fascists.
Designed in California, assembled in China. 6.54. Yeah.

Dear common all the room is full & debts settle like fog or refuge
what is shared but fences sure & do what you love what do you love.
Though the protest dispersed dividends are up
after a foundational year for growth want
plan & well positioned information containing certain
forward words project anticipate expect estimate forecast
& similar conventional expressions –
In the spring of nations, springtime of the people the masses
working class objectives tended to fall
with those of the middle
such as shoemakers printers & tailors & hand-loom workers

sales associates crossing guards analysts carpenters barbers brokers hardware store franchise owners executive assistants dance instructors lighting directors lawyers taxi drivers intern checkout engineers streetcar conductors factory soldiers in Afghanistan or Mali call centres & parish priests jihadi or composers or mayors or layabouts or Stephen or Sarah or Ahmed or Teju or Tamara or Hiroko or Jorge or Lisa or Nelson or Lang-ho or Marijuka or Left Chiral Light Returning to the clearcut

Alice

1848 the future

The idea that this was a private system

Oh Alice this is endless becoming knowing being willing
all missing and numbers mount.
I won't recite them. We will stand together in addressing this threat to our prosperity so
I said there are forests in the fourfold root of the principle of sufficient
property is theft, thought
is theft, debt is violence swimming upstream, the dark headwaters it takes.
Where does this leave us?

I think empty. In the black and white tangle fractal
trembling upon the edge of not caring
public parks, or on the pages of
the pixels of, and numbers again.
They are our lever, our eyes still.
There is no forgetting even on the edge
there are so many edges.
But error mounts. Moves.

Leaves fall. Looking out on the park
is greyer than it is flannel. Forest again artifice.
Alice I remember orange accidents
because there are always accidents
and no patient need or capability to explain
take decisive action and use all available tools.
Monetizing links is just the first step in using clickstream data.
This favors the appearance of specific patterns of class relations.

Do we take responsibility? And prevent their failure?
The numbers do not. Revealed to be an illusion
our knowing consciousness is divisible solely into subject and object.
Ok. Alice we have lies and anonymous
mathematics, systemically important content providers
secondary markets for securitized assets.
Intermittencies of capital. Memory. Revolution or

Time Warner, one of the largest media companies in the world, is paid
a fee with the sale of each mask, as it owns the rights to the image.

Alice the way you turned back from the grey
window into unqualified economy and reflections
of flat modernist masterpices doing what it takes
the day we met there by accident reconsiderd
surprise that settled slowly leaving us roots and branches
Alice with no safe returns but this has been said and has happened

before

The presence of geometric shapes in historical price charts

"People are feeling good,” billionaire collector Eli Broad said in 2010 so
ok maybe that's not nearly the same as negative capability and this crisis
following a 4.4 percent rally it matters the previous
bright coloured boasting just needed a bit of time hierarchy maintenance
away there's nothing to rethink Alice. The exit was always clearly marked
with newspaper clippings almost legible under white encaustic Sun Times
was it 1956 or 1952 at one end of the catenary the trajectory the moving average
eventual downslope falling through a hole in their flag or white numbers rising
because that could be me in one of those black cars is an escalade a car.
And by that we mean that it’s not nominal wealth being threatened anymore.
I spent minutes trying to read without any irritable reaching after fact and reason. Resistance.

"The calming of global financial markets helps global wealth,” said Rommel
T. Dionisio, a New York-based analyst who follows Sotheby’s for Wedbush Securities Inc.

To a technician, the emotions in the market may be irrational, but they exist.
Listen I wouldn't call myself a chartist but if you loosen your tie that shirt fits perfectly
mine never do so who or what do you
envy? Kickstarter? It matters. There will always be
scaffolds. Ladders. Jefferson. Tesla. Support. Another high alpha opportunity.
Teller & Ulam. Turnbull & Asser. Momentum. Whole Foods. Fox News. Lagavulin. Lists. Siege. Debate
about how tall the Freedom Tower is a private company and
the radio is on all the time Alice living in a network of beggars
who owns a radio anymore. They will revert to the mean. We learned
there was a way past the apocalypse of Abstract Expressionism.
It's not a bias. Even though he publicly stated that he supports higher taxes on the wealthy
I'm not attacking the rich in this work. Philanthropy shadows must be a good thing.
"It’s an iconic quintessential masterpiece,” Altman said in a phone interview after the sale.

Also, art is “an anti-currency play,” according to Los Angeles money
manager Jeffrey Gundlach, of DoubleLine Capital LP.

A tweet is not direct action

Arts-industrial complex clientage style or fashion bicycle the difference is newsboy caps report
Walt Whitman Dries van Noten Apple Margaret Atwood at home our own noble Egypt Patti Smith
and Das Kapital is a Penguin Classic honored on Monday for showing that asset prices tend to move
with greater predictability
in the long term can you say raw denim anarchy in the NYT APC TPP WTO IPO SEO CSA NSA go away
and buy something
risk free with good sponsorship or viral dissent
profit center of race or class don't matter
when you are a true individual at liberty in selvedge revolution
it's clear that you've never gone hungry she is said to have said to Simone de Beauvoir
which advocates for harnessing social media to enact progressive change
or a poster of Paul Krugman Don Draper and Emma Goldman smoking pipes on the internet
expecting the company that posted a $69 million loss last year to seek a valuation of at least
no future brand names lie like absolutely
Ai Wei Wei I wear Converse All Stars and read what poetry “juxtaposes” satisfyingly with chemical weapons
on the runway porter the subway latte the music by does it matter inequality and taxes for the 1% matter seed money is
Keston Sutherland polished foundational wardrobe pieces Esquire worn blue ten billion
take action but in 48 hours African leaders could kill off more than weather
Sid Vicious was the last hope for change streaming then that will be their long tail of success Simone Weil wrote
Have those who have fallen so low pity on themselves?
and nationalism and identity are co-opted but this belongs to Facebook.

Colluding with the action of capital

In a world of asymmetric information
where different agents can hold different sets of information and
rationally I often feel I am not personally engaged
being a shareholder of being
an investor in sympathy
a kind of guilt or delegated
narcissism which may be worse because disavowed. Every bank
has to be concerned that it might
be perceived as a source. Alice I can't forget
that meeting and sense of triumph, of counterparty risk
afterwards. I paid.
I noticed the cattleya in the shop
window, a pale yellow that was perhaps overdone or exuberant, a colour
you never wear. I noticed
how you have an élan while I pretend to listen
and profit by it. Perhaps it is a question of value after all
or action, or distribution, access to markets or
nonlinear effects in high frequency trading.
Rumors of distress are enough.
This isn't ironic, really.
A stupefying heroic abstraction
like Boltzmann's equation or the revolution
in men's wear following the collapse
of the market for asset-backed commercial paper.
In fact I do listen and care deeply.

Incorporating text from a publication now in the public domain

In a rich and fruitful land seated in companies
this week’s  meetings lacked the sense of crisis
which has characterised many such meetings since the
unusually turbulent day when Adam delved
as prices in the futures market fell,
and there was a spillover into the equities markets.
On any scale the proportion of noise-containing periods
to error-free
periods was a constant.
The long-winged dusky swifts swung round about with their wild
Things have changed since then.
Thus errors were inevitable.
Was that trembling cry a song? Eve span.
Cancel the debt and redistribute.

Times of influence are always brief

Was there a shining path from there? Nothing can be understood spontaneously.
When I see it, I will know. There was no remorse
in the marketplaces, in front of metro station gates and in suburbs
under paving stones the melancholy exaltation
Alice I barely remember. There were rumors.
A thousand flowers, material in detailed hygienic
observation serving an as yet unidentified total discourse.
There was an optimism, extraordinary belief.
All the photographs black and white because art had no colour yet.
Barricades. Discussion papers. Fire. Some deaths, a small number of deaths.

There was no internet and the radio came later. Someone said
people should not ask why but only say because.
The wage rose steadily and then after 1979 the share of income going to higher-income households rose
while the share going to lower-income households fell but this isn't
a history lesson that great descending light in May
or perhaps it was another time no more vanity desire or fear.
The council for maintaining occupations continues
to keep examining the issue. Regressions are useful. Gains overfill.
Not one picture leaves you in peace. Disconcerted by our weakness
Alice I barely remember and retreat in time, my eyes grown numb.

Everywhere continuous and nowhere differentiable

FIRST

There is no privilege in thinking.
There is no privilege in seeing no privilege
I am entitled to by this affect if aged
at the sharp edge and sublime light
past me the the shining grudge of numbers:
do the markets move (they move) —

WE DID NOT HAVE LIMITS CONSTRAINING THE NOMINAL AMOUNTS

as there was a beginning first growth
came before rivers before understanding
but who says groceries or feather-beds or lace curtains or perfume
or intellectual property or colour film
or commodity. A carton of cigarettes.
We dream lines. We play games. Weave and cut.
Any point is uniquely determined
by its chronological past or its future

OF POSITIONS THAT WOULD CLEARLY HAVE FLAGGED THE PURCHASES AS TOO LARGE AND CONCENTRATED

Alice in this city orphaned again and not by
accident I knew you or did I know. Upriver, the ice.
Time teaches loss, teaches desire, learns some maybe
your red winter coat and the black birds
and sick with it and fastened to a dying economy
bedclothes tangled on the floor as I read
different rivers carry us
where there needs be no losers —

FOR THE UNDERLYING LIQUIDITY OF THE MARKET

The difference has no limit just corners.
There has never been a revolution.
Synergies will never make up for the bid premium.
Acorns fall.
A photograph of Emma Goldman, Rosa Luxemburg and Simone de Beauvoir on the beach smoking pipes (1930s) posted on the internet
out of order a set even if all at once the stable causality
condition holds everywhere if and only if there is a function whose gradient is everywhere timelike

DESPITE THE FACT THAT THE RISK EQUIVALENT OF THE PURCHASES WERE WITH IN

Look close. It breaks. Look closer. It breaks
again. Look close and closer.
Years become years. Years become months, days.
Look.
Minutes, seconds. A crown of milliseconds.
A thorn bush, an embrace of points and moments:
bring your hands together a little bit
and time passes just a little, scratches, draws
blood without feeling arms flung around now, now, now.
Thorns. Now. Look. It's broken.

LIMIT

"This led to genuine liquidity shortfalls"

Now capital is exhausted the occupation
complete all their lore and meaning lovingly

poured out two-handed a shortage
of safe assets i.e. not collateral just artifice.

Power still propped up. 
Alice where does this leave you?
An American / is a complex of occasions

the rest of the world occasionally 
occupied-by-America, complex

extended and exhausted by capital, a few
women walking on Wall Street with you that afternoon.

"I started hitching up the thing."

The DoJ however said in a statement 
published late on Thursday
after a careful review of the information 
if you drop a rose in the Hudson

provided in the [Senate] report and more than a 
river at its mysterious mouth up
year of thorough investigation [DoJ officials] have determined that
near Saratoga think of all the places

based on the law and evidence as they exist at this time there is not
it journeys by as it goes out to sea 
a viable basis to bring criminal prosecution with respect to Goldman 
forever… think of that

Sachs or its employees in regard to the allegations set forth in the 
wonderful Hudson valley

report.

Do numbers come before voices.

One man on the garden wall
the low wall drumming on his I think
tan untruth fawn or fox-red
leather briefcase hard sides.
Due. Floating. Deferred.

I made notes. I told lies. I said.
Hold this in my hand. Two.
Green, apple green or grass or mould.
Black new blue and a grey stain spreading
cracking and scratching scraping.
Dull or not that simple colour of money.

An incoherent beauty die-stamped out.
Is that enough? Imagine counterparties.
Circle around fresh water. Three. I learned to 

count reading the newspaper imitation
characterized the sublime happening again and again separating
them from us. Four. I bought an unusually grey silk necktie 
in the Marais pale stitching outline of petals soft metal
lead to go to the Opéra Bastile. It felt necessary, effective. More
nothing to do with politic or finance colour. 

The New Deal

1.

And despite this compassion or this art
the drawing or the bronze face-first
into the hillside, the animal tame or wild
with his hand out facing the street
and the stopped cars, unshaven the last light
of the year failing his still forest eyes —

Alice you know all this. The new deal.
Driving up the fjord green and blue you might as well
the shards of your voice the scarf
deep marine indigo mauve and red yes
as it tatters lift yourself up and
back into this singing school. You can.
Jack pine. White pine. Birch. Oak. Acorn.
Every investment has risk.


2.

There are men who can see one star break.
Your fog, your river morning record
your footsteps in the hall
hand on the door your voice
counting out or naming subway stops.
Astor Place. JP Morgan Chase & Co. up 2.03 for a gain of 5.964% at the close.
An equally great number toil with little return.

Large, illiquid types of things to manage down.
Not built on models, collateral flow, capital
or correlation now that Europe isn't
and has always been doomed, loud and willing.
Sadly it does all cohere. Profit difficult but possible.
It's hard to recognize from my apartment
but if you pause, poise, you can still. The river.
Plenty is at our doorstep but a generous use of it
languishes in the very sight of the supply.


3.

Is it the materials lift us up, selenium
and brent crude and clouded voices quiet
on the waves? Or glass fibre. The once radical
now tired and terrible, spent prophecy. A pale
horse, champagne, made of coherent splendid illumination
and live breath, racing hearts. A kiss at the door.
No more than that. Beauty. I beg to differ.

The level of scrutiny did not evolve commensurate with increasing complexity.
Alice we can understand every word of that again.
Their efforts have been cast in the path of an outworn tradition
behind and above the remaindered forest
the exquisite stars and the clouds racing past the thinning moon
a red dark anger that would tear it all down.

Abacus speaks

We haven't talked about this — but once 
your good good work is accomplished be television,
noble, move quietly. Face to face.
Your charges grow data darkly slide.
Price transparency is not a systemic risk issue.
Attached to you, deep finally will pinhole, hook, cord, thorn, moon, tide, toy,
synthetic credit portfolio.
Leave the sea behind. Hedge.

Desert coyote hut quilt then.

Bright. Fab. Once. Well 
what if we created a "thing" 
which has no purpose, 
which is absolutely conceptual and highly 
theoretical and which 
and which
which nobody knows how to price?

Like other regrets or shadows, recalled.
His scales are his pride.

So there is a humble noble and ethical reason for
my job. Widows and tigers and other wastes inside addition, iron as straw.
Because correlation modelling is not easy to get right.
US $64031825100 net notional tranched as of the week ending 2012-05-04 though these are massively aggregated figures.

“It could get worse. This could go on for a little bit,” Jaime Dimon said in 2012.

Forgetting

1.

If all the information is on the table
a rational actor will behave this way.
Maximize utility.
The Lincoln Town Car will no longer be manufactured after 2011.
There are over 25000 Lincoln Town Cars in New York City. Most of them are black. Some of them are white.
Blackness in and of itself is of no significance.
Neither is whiteness.
Information always eventually becomes evenly distributed.
The laws of gravity can be derived from the distribution of entropy in the universe.

If all the information is on pieces of paper
in briefcases in offices above the floor the first plane struck
and all the paper is burning or blowing in the wind there is
on a clear September day a rational actor
will no longer specialize
are black of itself neither
always entropy --

This was not like that.
After September 11 2001 the Federal Reserve cut short-term interest rates to historically low levels from 6.5% to just 1%.

Is forgetting the same as keeping a secret?

If all the information is distributed paper
falls subject to gravity and the wind
on the table that is not like this snow
on a clear September day 
neither is whiteness utility.

If all the information is in the cloud
on pieces of blowing in the wind
eventually concludes that interest rates 
do not explain historic trends for the country.

Is keeping a secret the same as lying?


2.

It disturbs people to think
that among this falling paper
there are falling men and women.
They fall faster
and time slows as you watch them
near the horizon they never reach
but at a well-defined moment
they burst into flame the temperature of information.

It disturbs people to think
of the choice between fire and falling
until memory becomes a photograph
the colour of information 
and there are no bodies only architecture
only geometry only conformal equivalence
only unstoppable collapse into noise.

No state has more entropy.
How much information fits here?
It's proportional to the surface area
in units of the Planck length.
Imagine a small black hole under the Hudson 
under the towers or offset, in Jersey
where Lehman was.
A place where information drains
from the world.
A place where there are no bodies,
no names, no numbers.
A place after the proof
of the Financial Instability Hypothesis
where there are no memories
no secrets, no lies.


3.

Where form does not differ from emptiness;
where the black and white paper of record
lies open and hiding the fall forgetting
The same is true of feelings
perceptions formations consciousness.
Information.


4.

The Lincoln Town Car will no longer
be manufactured after 2011.

The maturity structure of uncertainty

Occupy yourself with minute detail
how the world becomes the world
ink on paper and light on light a noun

that goes beyond gesture that sharp
recognition or come-hither
when you pick the page take stock

asses the risk premium surface of variance
and where am I going with this. Alice.
A line of pilgrims at the end of the line —

All that is straight lies. All truth is crooked
or at least reversion to the mean.
It’s vertigo. It’s a catenary the shape of a weighted cable

or a chain. It’s if things change this much the information content of the term structure of error.
It’s a black scarf flung over the shoulder and flung again
the key idea to hedge perfectly in just the right way and consequently —

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.

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
After
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]?