+82
+81
Signed up: 9 years ago (9/22/04)
Last signed in: 1 month ago
Friends279 Friends
matt
Barbara
gus
caleb
brandon
adam
Miles
Michael
brianb
Ray
Samantha
Ryan
Joel Cast & Crew
Male from North Hollywood, CA
Latest Post
Joel Cast & Crew
Long Journal is Long…& angry. (Danger Econ Stuff)There was this amazing documentary I watch several years ago about borderline semi-novice mountain climbers paying a mountain guide company ($50K) to help them climb Mount Everest (Tallest mountain in the world.) The company would employ an army of sherpas to do everything from establishing the many base camps needed to laying every inch of guide rope so that the only work the client would have to do would be to hook themselves up to the guide ropes and place one foot in front of the other and transverse the mountain. (They didn't have to weigh themselves down with provisions, as the sherpa carried that task out for them.) There was one peak towards the top, that proved to be particularly tricky. No problem, the sherpas actually would place a ladder, (A LADDER) so that the 'climbers' wouldn't actually have to do any mountaineering. Despite this, 95% of the clientele would not make the summit.

Why? Because it's Mount-fucking-Everst. The oxygen is so thin in "The Death Zone" that helicopters can't get enough lift to fly that high. If your body drops up there, it's there forever. A Chinese contingent sent a 30 man party to recover the body of ONE fallen climber from the year before. Despite the fact that the body hadn't even fallen towards the top they weren't able to recover anything, and lost men on the way back. In fact, once you're in "the Death Zone" (26000 ft) the oxygen level is so low it is considered insufficient to sustain human life. You're, in fact, 'on the clock' to get in and out as fast as possible as your body is indeed dying. There are so many mind boggling statistics/stories that underscore this point this journal can't hold them.

So, I'm not going to lie. Why did I watch this show? I was always waiting for that one 'Ah-ha' moment when the 'semi-professional-mountain-climbing-rich-guy-reality-star' would, despite all his notions and talk, would come face to face with the hard reality that, despite the army of sherpas and catered meals, he was not going to make it up the mountain and, in fact, was probably going to lose that finger.

So this journal entry is not about mountain climbers. Here's an interview from a Federal Reserve Banker talking about the economy:

video.cnbc.com/gallery/?video=3000209830&...

Despite all the data, despite YEARS of zero bound interest rates, despite all the forward guidance, despite all the QE, despite the Fed's 4 Trillion dollar balance sheet (and leveraged 80 to 1), and despite reality, another Fed official (Evans) still thinks it's possible to climb this mountain. …even without a pair of legs. 'Yeah, seems like we STILL haven't recovered for some reason, ("weather?") but don't worry, I'm sure it's JUST around the next corner.'

I watch these Fed officials like hawks. Not for reliable information, as they've proven over and over and over again that they are completely clueless, (see: CPI, consumer confidence, housing numbers, labor participation rate, every single fed GDP forecast going out years, etc, etc, etc) but for the entertainment value of waiting and watching for that 'Ah-ha' moment when they realize where they/we actually are*.

*Hint: There's not enough oxygen to sustain human life.
5 months ago  |  Comments (28)
Awards
Staff Awards
Milestones   [ Compare ]
Credits
Cast Show 14 More
Podcasts Show 64 More
The Goods
Name Joel Heyman
Occupation Long Euro, gold. Short bonds, dollar, yen. QE forever.
Interests Filling out fields on internet sites entitled "interests" in which no one will ever really read anyway. I could just type about randon crap here and no one will ever really see it. See me typing about crap that no one will ever read. Blah blah blah yup typing about nothing. I could even misspel crap or make up a word: plup-tent
Gamertag
JOEL'S...
Groups Show 16 More
Wishlist
Games Show 8 More
Music
Movies This has to be the most boring profile ever. I can't believe you are still reading this. What is wrong with you. Go out and do something seriously. Btw my favorite muppet is Animal.
TV Shows Kudlow&Co btw I don't care if ya don't read the FAQ. Really I could care less. Nobody reads those *(%*$^!things anyway. It';s like those agreements ya know the "terms and conditions" ya skip over before hitting the "I AGREE" button. Does anybody read those #@$%Z^! things? I mean lets face it even if ya did read the FAQ its not like your going to give two #(*$^@! about what it says anyway. FAQ: "please don't post pictures of elephant penises" reader: "Quick! Somebody get me a copy of National Geographic and a scanner!" anyway if ya have any questions they are answered in the FAQ. (No they are not) Seriously I haven't even read the #$(*&#$^@ thing. For all I know it doesn';t even address penises on elephants. And don�39;t think for a second that I don't recognize the Irony that more people just read that lame-ass sentence about elephant penises in my weak-ass profile than will read the FAQ.
Books Joel's stupid bio: After getting in touch with his emotions and learning to breathe deeply Joel Heyman would graduate from the University of Texas (go horns) in 1997 with BFA (Breathing Feeling Acting) degree. Joel would go on to breath feel and act his way through over 40 plays ranging from regional plays in Texas to off-Broadway productions in New York. While in Texas Joel would eventually meet-up with Austin's two other world class drunks: Matt Hullum and Burnie Burns. A partnership was formed and a movie resulted: The Schedule a film that showed the world that three drunk guys can point and aim a camera at stuff. Soon after Joel was ready to move to Hollywood so as that he could work on movies and television shows that also pointed and aimed cameras at stuff (expensive stuff); Joel was moving up. While working with Oscar nominated director Sergei Bodrov (The Quickie 2001) Joel discovered that if you work on a movie that will only get released in France then...
Events Show 3 More