{"id":23836,"date":"2017-05-01T14:31:14","date_gmt":"2017-05-01T19:31:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23836"},"modified":"2017-05-01T14:31:25","modified_gmt":"2017-05-01T19:31:25","slug":"the-sound-of-one-wing-flapping","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23836","title":{"rendered":"The Sound of One Wing Flapping"},"content":{"rendered":"
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The Sound of One Wing Flapping<\/a><\/h3>\n<\/div>\n<\/div>\n
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And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin Diesel video library. France appears resigned to Hollandaise Lite in the refreshing form of boy wonder Macron. It\u2019s been weeks since The New York Times<\/em> complained about the Russians stealing Hillary\u2019s turn as leader of the free world. We\u2019re given to understand that Congress managed overnight to cook up a spending bill that will avert a Government shut-down until September. Rest easy America\u2026 oh, and buy every dip.<\/p>\n

A calm surface is exactly what Black Swans like to land on, though by definition we will not know they\u2019re out there until our reveries are broken by the sound of wings flapping. Some kind of dirty bird showed up on Canada\u2019s thawing pond last week when that country\u2019s biggest home loan lender suffered a 60 percent pukage of shareholder equity and had to be bailed out \u2014 not by the Canadian government directly, but by the Ontario Province\u2019s Health Care Workers Pension Fund, a neat bit of hocus pocus that amounts to a one-year emergency loan at ten percent interest.<\/p>\n

If that\u2019s a way for insolvent public employee pension plans to find enough \u201cyield\u201d to meet their obligations, then maybe that could be the magic bullet for the USA\u2019s foundering pension funds. The next time Citibank, Goldman Sachs, JP Morgan, and friends get a case of the Vapors, let them be bailed out by the Detroit School Bus Drivers\u2019 Pension Fund at ten percent interest. That ought to work. And let Calpers take care of Wells Fargo.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Sound of One Wing Flapping And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[2015,1552,103,14964,7844,333,2340,449,15237,1921],"class_list":["post-23836","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bailout","tag-black-swan-event","tag-canada","tag-clusterfuck-nation","tag-donald-trump","tag-france","tag-housing-market","tag-james-howard-kunstler","tag-kam-jong-un","tag-new-york-times"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23836"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23836\/revisions"}],"predecessor-version":[{"id":23838,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23836\/revisions\/23838"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}