enigma

Wait, why does the trade deficit matter again? Why even report it?

Everyone gets what they want. The US gets containers full of goods and exporters get electronic dollar credits that they can use to buy 10 year treasuries yielding about 1.6% of more electronic credits. Win-win.

*

Given cratering retail gasoline deliveries I'll take a "surprise" for trade deficit. $42b.

I guess our cardboard and scrap metal exports are way down.

glad our credits are subject to Moore's Law

comforting

The problem with China data is that you want more data an hour later.

Confucius says: The key to growth is the introduction of higher dimensions of consciousness into our awareness.

RE wrote:

The "real" Fleetwood Mac

I like all the stages, like different fine wine.

CR: Export activity to Europe will be closely watched due to economic weakness.

yep. prolly won't matter. what the hell does the us export to europe? jeans! no, wait, they make those in el salvadore now. damn. how can decoupling occur if no coupling ever coupled?

and the eur/usd looks like it's setting up for another disappointing day. oh well, one good thing about getting fat and going bald is that it makes one a better investor.

Rob Dawg wrote:
Given cratering retail gasoline deliveries
Went up a tiny bit.

Seasonality. Number Of days in the month. Still at 1985 levels.

RE wrote:

The "real" Fleetwood Mac with Peter Green.
YouTube - Peter Green Fleetwood Mac "Like it This Way"

Even more real: YouTube - fleetwood mac oh well

Asia all Elmo.

shill wrote:

The key to growth is the introduction of higher dimensions of consciousness into our awareness.

I'm as large as I care to be now.

Holder calls WH:

AG, dials phone: busy signal

AG, dials phone: busy signal

AG,pours a double

You need the fedwire-5.03-noarch.rpm package installed.

Huh. Submit failed: error = <0.99, Forbidden

yes, let's all look ahead

to the horror the future brings

...China data on Saturday

If we have trouble believing our own "data", how seriously should we take the Chinese "data"?

Doc Holiday wrote:

Martin Ford in The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future,[66] argues that the continuation of Moore's Law will ultimately result in most routine jobs in the economy being automated via technologies such as robotics and specialized artificial intelligence and that this will cause significant unemployment, as well as a drastic decline in consumer demand and confidence, possibly precipitating a major economic crisis.

Talked about this for years. It will actually be a political crisis.

When was the last time you used an abacus ?

Futures aren't looking good. Any news?

WE"RE FOOKED!!!

Mizuho Sees 0.8% U.S. Yield as Gross Sings ‘Turning Japanese’

Agronox wrote:

Any news?

future oil supplies are dicey

mp wrote:

Still embracing the awesomeness I see.

i wonder how a person who was 58 in 1977 would interpret the stock market in 1977. at that age, it probably looked like it was going down for good.

Rajesh wrote:

That's why God invented bankers.

Not enough bankers. Unless each one buys 20.

RE wrote:

My favorite!

Me too. It's the first thing that pops in my mind when someone says Peter Green.

if we securitize the paupers signature, we're talking gold out of paper, right?

Still embracing the awesomeness I see.

I am embracing mediocrity and celebrating the awesomeness.

That's why God invented bonuses.

Leverage. Don't forget leverage.

Outsider wrote:

Anyway, demand isn't really crushed. Demand is still there, but means to obtain it is not.

You could look at it that way.

gruntled wrote:

but I think Porsche sales are up!

Ah, so they are buying Porsches, perhaps with box tops from corn flakes boxes.

JP wrote:

Me too. It's the first thing that pops in my mind when someone says Peter Green.

He was troubled but a great guitarist!

I know it gives me heartburn.

pavel.chichikov wrote:

Ah, so they are buying Porsches, perhaps with box tops from corn flakes boxes.

gluten free!

relax

do what you can to prepare and forget the difference

With the size of my ignore list I miss a lot of the in-jokes.

Just kidding, but yes, you're right.

Tend your Garden of Eatin.

volker bow to superior

OK, I give up. there's really nothing wrong with the economy, and all those out of work people have annuities or paint houses for a good living. They're faking despair. It's all a conspiracy to spread gloom and unfaith. The system works. It always has and it always will.

I gotta take a shower. Good night.

I'm shorting the unrest fund in anticipation of the Great Kabosh.

Go long social unrest? What's the ETF on that? Can I leverage up the unrest with 2x or 3x options?

I xe what you did there.

TJ and The Bear wrote:

That's why I always take issue when someone talks about "pent-up demand". Unless it's a shortage of the latest iSomething, the lack of sales is never about want so much as can't.

You are conflating desire and demand. Demand implies the ability to pay, the QUALITY of the demand is also a very important consideration, ask DryFly about that one.

pavel.chichikov wrote:

OK, I give up. there's really nothing wrong with the economy, and all those out of work people have annuities or paint houses for a good living. They're faking despair. It's all a conspiracy to spread gloom and unfaith. The system works. It always has and it always will.

welcome to the new reality!

volker the viking wrote:

you're not very good at this

I'm trying, I really am... I got a second-hand copy of poic's investment newsletter.

Whiskey wrote:

The problem with China data is that you want more data an hour later.

The problem is that if you try to get a forecast on it, you get some nonsense that can be interpreted broadly, and the cookie tastes like shit.

mp wrote:

I am embracing mediocrity and celebrating the awesomeness.

Once is an experience,
Twice a Perversion.

YouTube - Dave Mason-We Just Disagree

mp wrote:

It doesn't matter. It really doesn't.

I know! That is where the awesomeness comes in!

I'd be careful

Tom Stone wrote:

I stopped embracing mediocrity before my divorce was final.

Now that is a classic!!

Tom Stone wrote:

it has taken hold among parts of the populace due to decades of expert propaganda.

Creating demand is the only reason we still have TV.

I'm pretty sure you're not getting what civil unrest is

Tom Stone wrote:

I stopped embracing mediocrity before my divorce was final.

Rajesh wrote:

Several thousand Argentines protested

There are protests everyday in Buenos Aires. On the side streets on weekdays of small numbers, maybe 100 or so. Weekends there are very large numbers of people protesting near the Captial building or by the Obelisk.Other protests in large intersections as well. Different groups in different places.

Usually with signs, music and horns. Pots and pans are a bit unusual.

That guy at the top of this thread is a TOTAL bull-shitter.

volker the viking wrote:

I'm pretty sure you're not getting what civil unrest is

It isn't civil. People who give it a try here are going to wish they had been educated like a red headed step child.

volker the viking wrote:

I'm pretty sure you're not getting what civil unrest is

No, I'm pretty sure that was covered in the opinion page where yuan was the guest writer.

I hope you're right, but once the Dow spirals out of control, the natural tendency looks more like Golden Dawn than Free Silver.

Lebron James may have finally, officially, entered the status of "Great".

Agronox wrote:

Well then congratulations, because you've defined "pent-up demand" out of existence!

I just object it being a catch-all for any and all normal/logical reasons for denying and/or delaying a purchase. It's typically marketing BS.

wishful thinking.

Really?

http://research.stlouisfed.org/fredgraph.png?g=7Qy

http://research.stlouisfed.org/fredgraph.png?g=7Qz

Schilling's co., 38 Studios, files for bankruptcy; feds probing - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

The Rhode Island company owes $150.7 million and listed its assets at $21.7 million, according to court filings. 38 Studios Baltimore owes more than $121.4 million and has assets of more than $335,000, the filings show.

I read Shilling put up a boat load of coin for this venture as well.

Whiskey wrote:

I hope you're right, but once the Dow spirals out of control, the natural tendency looks more like Golden Dawn than Free Silver.

i love the taste of panic in the morning. golden dawn? fuck them. googles free silver... wtf? jhc.

False dilemma - Wikipedia, the free encyclopedia 

rps wrote:

Valdimir Pudding is right on the money, You can protest, but it's gonna cost ya.

Money is speech, yo!

yagij wrote:

Money is speech, yo!

And speech is freedom!

RE wrote:

You should have your answer. What works for the individual may harm the group.

How did the US economy grow between 1945 and 1970 without huge deficits?

Whiskey wrote:

And freedom is slavery.

It's got what plants need!

yagij wrote:

We destroyed the competition.

Using the proposed logic, that wouldn't matter, the logic was no big deficits, no jobs. How did it work from 1880-1912?

edit: How does China grow without big deficits?

Whiskey wrote:

Don Draper!

January Jones!

Hugo Salinas-Price Wants Greece And Mexico Back On A Silver Standard - Can It Happen? - Seeking Alpha

Gratuitous fat suit! Zou bissou bissou! Why am I shouting!

an enigma wrapped in a miasma of lies coated with with healthy dose of self-interest.. S'OK of course. and of course doesn't surprise me - but I note that the headline on KFI-AM-640 is Stocks fizzle as Bernanke say "no new stimulus"

Whoah.. that's beeg nooz. so I come to my trusty ole' place.. I can't see no steenking new post on that ?

Sigh..

Reminds me of the take-down of Malcolm Gladwell - brought to my attention by nakedcapitalism.com ( FD: Brit origin lady - that's a twofer that wot I'd have a soft spot for ) -

Malcolm Gladwell Unmasked: A Look Into the Life & Work of America’s Most Successful Propagandist

emergency hotdog wrote:

and this time the competition is destroying themselves.

Because each competitor wants it ALL, it's never enough.
To win, everyone else must die.

Stupid way to run a world economy.

Whiskey wrote:

The Dukester mocked me last night when I said LBJ was having the best playoffs of any player."

Ya, and gab thought I was over reacting with my critisisum of the fed.

The answer is

YouTube - James Taylor Shower the People Beacon Theatre 1998

josap wrote:

To win, everyone else must die.

Word. Survival of the Fittest has gone global!

Mr Slippery wrote:

Wait, why does the trade deficit matter again?

They don't according to Dick Cheney Duh!, who pointed the finger at Ronnie Raygun who proved it. The only thing that matters are aliens. The more illegal they are the better for sneaking across the border for under the table jobs, like restaurants

Mr Slippery wrote:

How did the US economy grow between 1945 and 1970 without huge deficits?

Living off the huge WWII deficits.

http://upload.wikimedia.org/wikipedia/commons/3/30/Publicly_Held_Federal_Debt_1790-2009.png

Tom Stone wrote:

Anyone who has worked with alcoholics or addicts recognizes the pattern.

I haven't, so I don't get it.
Is it some feeling of never having enough? Or that you will at some point not have enough, even if you have enough already?

Did the gabster think LeBron James was a baseball player?

ResistanceIsFeudal wrote:

freudian id ft mother f w!

josap wrote:

Stupid way to run a world economy.

i disagree with your premises but accept your conclusion. very inefficient. someday, in the instant before the sun swallows the earth, we'll free ourselves from racism and nationalism and blah blah blah...

josap wrote:

I haven't, so I don't get it.
Is it some feeling of never having enough? Or that you will at some point not have enough, even if you have enough already?

The drug is "More". More of whatever, dope, booze, women, money, power. More! "One is too many and a thousand aren't enough" is the classic phrase. It's coupled with form of delusional thinking that is unmistakable in its facile self justifications. Blankfein may well have been dead serious when he claimed to be doing God's work. Talk to any trader on Wall St or the bright boys that came up with the HFT Algo's.

Agronox wrote:

Massive government spending supported by a highly progressive tax structure.

edit: also demographics and a stable monetary regime

So you are suggesting going back to a gold peg and raising taxes? The U.S. already has the spending part down.

Here's the graph of deficit/GDP going back to the mid 1940's.
http://research.stlouisfed.org/fredgraph.png?g=7QA

emergency hotdog wrote:

i disagree with your premises but accept your conclusion. very inefficient. someday, in the instant before the sun swallows the earth, we'll free ourselves from racism and nationalism and blah blah blah...

Optimist warning!

Tom Stone wrote:

The drug is "More". More of whatever, dope, booze, women, money, power. More! "One is too many and a thousand aren't enough" is the classic phrase. It's coupled with form of delusional thinking that is unmistakable in its facile self justifications. Blankfein may well have been dead serious when he claimed to be doing God's work. Talk to any trader on Wall St or the bright boys that came up with the HFT Algo's.

And the money just makes the cycle self-reinforcing and increases the ability of the believer to insulate him/herself from the reality of the situation. That is the operative motor that's pulling society apart.

yagij wrote:

Word. Survival of the Fittest has gone global!

That's a phallic-see

In Soviet Union, Optimization Problem Solves You

RE wrote:

Living off the huge WWII deficits.

No, that was a period of surplus. The deficits were over. We ran up a giant debt because the existence of the nation was at stake. Why did we run it up this time? Because the USSR collapsed?

Mr Slippery wrote:

But no deficits? Hmmm.

Better income distribution is clearly a big stimulus.

RE wrote:

Better income distribution is clearly a big stimulus.

The point is, the government doesn't need to run a deficit for people to prosper, or save.

RE wrote:

Better income distribution is clearly a big stimulus.

People using credit cards to buy food is a much better stimulus for the bankers.

"But no deficits? Hmmm.

Better income distribution is clearly a big stimulus."

Luckily Obama has Tim Geithner at the Treasury who's working with Jamie Dimon, Lloyd Blankfein, Mr. Summers and Mr. Boehner to craft a bipartisan, cross-socioeconomic class solution.

Mr Slippery wrote:

The point is, the government doesn't need to run a deficit for people to prosper, or save.

And your point ignores the zero-bound, which is where we are now.

I think the goal should be to fix the reason behind income disparity. Just fixing income disparity ignoring all reasons as why that happened is asking for more trouble.

Mr Slippery wrote:

The point is, the government doesn't need to run a deficit for people to prosper, or save

The fact is that the private sector can only net save (nominally) with deficits. Fact by identity!

Private Sector Surplus or Net Saving = Government Deficit + Current Account Balance

You can turn on your head and it's still true.

mp wrote:

http://research.stlouisfed.org/fredgraph.png?g=7Qy 

mp, i meant wishful thinking as in its, IMO, quite possible that we will go below 0.8. maybe even the zero bound is not really the boundary we think it is...

RE wrote:

People using credit cards to buy food is a much better stimulus for the bankers

i smell a bull market in soylent green. shill will probably make a killing.

burnside wrote:

MIT covered the natal moment of HFT. As I recall, it was a group of chaos theorists. There was a video of its first trials at the CME.

I wonder if they recognized the implications.

No, it was just cool, like playing with the flu virus.

Like Nemo, I have become increasingly suspicious of how money is created.

RATM wrote:

Cash as an alternative provides some support at 0.

Which explains the efforts to eliminate cash. Easier to tax and track also.

Tom Stone wrote:

The drug is "More". More of whatever, dope, booze, women, money, power. More! "One is too many and a thousand aren't enough" is the classic phrase

Please let me argue another aspect. having done one pressie to about 70 people. I've been asked and will do another in early July to another group in early July.. its about modern analytics - call centre analytics - and I've got a beautiful slide ready where absolutely I'm gonna stress how we need MORE POWER, more CPU, more memory, more cores of CPUS, more network bandwidth - which sadly our IT dept works hard to stop, and I do the necessaries to BEG STEAL OR BORROW and I'm gonna absolutely show this clip..

YouTube - Oliver - please sir i want some more 

apart from being humorous it might shake the poobahs from IT who will be there. I'm not holding my breath - but one tries - I rate the chances of revolting managers taking my lead more highly. We'll se..

so can you make an exception for MY aspect of "MORE" ?

some investor guy wrote:

Like Nemo, I have become increasingly suspicious of how money is created.

It's the 21st century, storks are outmoded.

Doc Holiday wrote:

,[66] argues that the continuation of Moore's Law will ultimately result in most routine jobs in the economy being automated via technologies such as robotics and specialized artificial intelligence and that this will cause significant unemployment, as well as a drastic decline in consumer demand and confidence, possibly precipitating a major economic crisis.

When I was young I remember reading stories how restaurants would be replaced by automats.
Automat - Wikipedia, the free encyclopedia 

But this seems not to have happened in the 50 years since I read such stories. In fact restaurants seem to be a growth industry:
“Thank God I had a buddy at Burger King who could help me out”
Daily Kos: “Thank God I had a buddy at Burger King who could help me out” 

skk wrote:

so can you make an exception for MY aspect of "MORE" ?

If you promise to swill that bottle with the Dawg before it turns into vinegar. It ain't a big bordeaux and it won't get much better.

Whiskey wrote:

Not me, man. You borrow from the Fed at 0, use the proceeds to buy Treasuries, and then earn interest when you deposit assets with the Fed. What's suspicious about that?

Not a thing. Nope, nothing to see here. LOOK! it's orvillecopter!

Tom Stone wrote:

Optimist warning!

we are all going to die. it's inevitable. accept that fact. lie(lay?) down and proceed.
the glass is half-empty, dumbass.
seriously, whose heart wasn't warmed by the cobradriver/ck automotive ac fix? i don't work on autos so i know little about the controls(the problem in this case) and figured it was best to keep my big mouth shut. anyone notice how stoked ck was to fix that problem? i do that kind of stuff every day. what's more fun than popping out of a roof hatch and looking at a tangle of wires, relays, contactors, drive, misc controls, fuses, etc,...? throw in high temps, merciless sun, and a cell phone that won't stop ringing. i love it. it has to work when i leave and i know that i'm gonna get it to work before i get there. here you go:

YouTube - AMERICA THE BEAUTIFUL by Ray Charles

Tom Stone wrote:

If you promise to swill that bottle with the Dawg before it turns into vinegar. It ain't a big bordeaux and it won't get much better.

I've got a sense I'm getting better at this ( unlike volker and HG ) - no longer one year to go - I can, I think, bring the "safe interval" down to say late Oct.

Sure it is.

emergency hotdog wrote:

we are all going to die. it's inevitable. accept that fact. lie(lay?) down and proceed.

My sweetie isn't here or I'd take that advice. Death is inevitable, take joy in every moment you can.

REBear wrote:

Is that because reason behind income disparity is market driven?

There's more than one reason for it, but of course the market has a big influence. Supply and demand apply to workers and incomes.

Tom Stone wrote:

take joy in every moment you can

sure, sometimes i take joy in bitching about stuff

Sorry to hear you're alone this weekend Tom. I have to work Saturday and we're putting on a surprise birthday otherwise I'd drag you out for a cuppa

emergency hotdog wrote:

what's more fun than popping out of a roof hatch and looking at a tangle of wires, relays, contactors, drive, misc controls, fuses, etc,...? throw in high temps, merciless sun, and a cell phone that won't stop ringing. i love it. it has to work when i leave and i know that i'm gonna get it to work before i get there. here you go:

I really like making a deal work, one with a few tricky elements. Every property and every deal is different, I learn more every day and I like it, a lot.

sm_landlord wrote:

market has a big influence. Supply and demand apply to workers and incomes.

So, India and China have a shortage of capable CEOs who will work for less than our current ones?

emergency hotdog wrote:

we are all going to die. it's inevitable. accept that fact. lie(lay?) down and proceed.

Well, ya know what Jim Morrison, the lead singer of the Doors said, "Nobody gets out of here alive."

poic wrote:

Sorry to hear you're alone this weekend Tom. I have to work Saturday and we're putting on a surprise birthday otherwise I'd drag you out for a cuppa Lets take a coffee break

We'll do it soon. She's off to Nashville for a couple of weeks for a seminar. Paid for by the taxpayers!

Are you sure you aren't at an OWS protest?

don't get it

emergency hotdog wrote:

I learn more every day and I like it, a lot.

that's cool man. it's good to like you're career choice. essential really.

It surprised me. I got recruited (My background is finance, appraisal, property management) and discovered that I am good at it and that it is fun. I won't get rich doing it and that's fine.

poic wrote:

"We'll do it soon. She's off to Nashville for a couple of weeks for a seminar. Paid for by the taxpayers!"

F'yeah Shakes Tiny Fist of Fury Great Amerikan!!

Let me see about next weekend then if she's still away then.

Sounds good.

Tom Stone wrote:

Every property and every deal is different, I learn more every day and I like it, a lot.

That's what I like about property management. No two properties, clients, tenants are ever the same. And the rules, laws, etc change. And new materials for maint and sometimes a big due dilligence job is like a new toy to put together and make sense of for the client.

i wrote:

you're career

i needed to edit that but you locked me out. it is late... 157 guests! gah!

poic wrote:

Hitler Is Long The USD, Gets A Margin Call

Okay, that is some that is kinda funny

poic wrote:

Hitler Is Long The USD, Gets A Margin Call | ZeroHedge

These truly never get old.

Yagij you should watch some of the old ones about MBS or real estate or gold. Hilarious.

Rob Dawg wrote:

Mien Gott! My eyes!
http://3.bp.blogspot.com/-zK5guFRdSzw/T9ELHJrAolI/AAAAAAAAWRQ/DKqPn4T2r1s/s1600/golddaily3.PNG 

wow ! thanks. people are serious about this aren't they.. Amazing..

off to see Prometheus.

"i'm just glad that yahoo finance can tell me why the market goes up or down every day."

I'm thinking about adding an section to my newsletter.

Right behind the "Dear Mr. Gluten" section KP writes for me.

let's all meet up in san diego and get that tattooed on our massive biceps.

poic wrote:

Right behind the "Dear Mr. Gluten" section KP writes for me.

The one that no one can read thanks to the stealthing effect of the 'biodegradable organic material'?

josap wrote:

tg wrote:

don't get it

You Will ,

Kind Woman. YouTube - Jackson Browne - The Deluge

"Don't worry. Goldman would never trade against their clients."

yagij wrote:

WOW!

whoah.. okokok you said that word first.

btw - that "dowry murder" case in UK/Sweden/India( of course/ South Africa that I first engaged with you on - it STILL goes on. he's still not been extradited -

Dewani murder hearing delayed again - Crime - UK - The Independent

An order for Dewani's extradition was signed by Home Secretary Theresa May last September, but the High Court temporarily halted the extradition on mental health grounds, saying it would be "unjust and oppressive".

He will be extradited to South Africa as soon as he is fit.

Dewani is being treated in a psychiatric hospital in Bristol.

IMO, they ( him + family + poobahs ) hope this all goes away and quietly disappears - they don't know the persistence of "feminazis" and assorted unshaven wimmin - like me ( wait. I'm a man last I checked ) .. "we" are stayin' on his case. for "men" we have the persistence of Mr JIm Swire - who stayed on it to find the real truth behind the killing of his daughter on PanAm 107 - or the dad of Helen Smith in the the 70s and HER death in Jeddah to look up to.

to aspire to, to admire to live up to. this particular killing does not go away.

Gordon Gee president of Ohio State made $1.6m last year.

josap wrote:

One alternative, analysts say, is the creation of a “redemption fund” with a finite timeframe that would allow the issuance of bonds, guaranteed by all euro-zone countries, to help nations refinance their debt.

Is that joint and several guaranteed or weakest sister guaranteed or...?

Rob Dawg wrote:

Gordon Gee president of Ohio State made $1.6m last year.

Is that typical for other universities?

If so, it's crminal.

yuan, i meant wishful thinking as in its, IMO, quite possible that we will go below 0.8. maybe even the zero bound is not really the boundary we think it is...

I suspect you are correct. Fear can push the threshold below zero. It's not like banks and high wealth individuals can stash cash under their mattress. And consider that finance has managed to capture most of the profits generated by ordinary businesses.

Thats a pretty heavy there yagij. Careful you don't hurt your back lifting it. Bend and lift with your knees.

Rob Dawg wrote:

Is that joint and several guaranteed or weakest sister guaranteed or...?

The EuroBond is an idea that just won't go away.

Perhaps Governor Moonbeam can convince some other state(s) to co-sign on Cali's profligacy?

Rob Dawg wrote:

Is that joint and several guaranteed or weakest sister guaranteed or...?

Yes.
Maybe?
Wait, there must be another way.

Yes Senator Arrogant Prick, Chairman Bernanke has actually said that letting the yuan appreciate would be what's best for China. So make them do what's best for themselves!

josap wrote:

Most of June is going to be interesting.

I wonder if opec would set their quotas dependant on whether the fed launches III.

Higher ed is really starting to bother me. Smart patient people can very often blow past those with degrees using free online info. I have had this happen with everything from car mechanics to doctors.

yagij wrote:

You. have. no. idea. Seriously.

I know the marketing departments have ballooned, but yeah ... I have no idea.

Is there anything like a truly public university in the states anymore?

josap wrote:

And how long they think they can continue the increased production levels.

According to the late Matt Simmons, KSA has been overproducing to the potential detriment of their reserves for well over a decade.

But who knows really.

some investor guy wrote:

What do you say?

Go to cheaper Big Ed Franchise #456, spend 1/4 of that 120k nest egg, and if you make it work with the free time you have at university, then you can get the other 3/4. ld, o.

Bubblisimo Gerkinov wrote:

Is there anything like a truly public university in the states anymore?

ASU salaries:

There is a problem. Lecturers in the English department make between $40,000 to $51,000 per year to teach 150 students per semester. Tenured professors in the same department have an annual salary of $200,000 to teach fewer than 17 students. Lecturers in the School of Accountancy make $66,000, while deans of colleges make between $200,000 and $350,000 per year. Faculty associates in the English department — who have either a masters or Ph.D. — make $3,000 per class, or about $24,000 per year.
$736,600 salary. Indeed, the rate of increase in revenue is so impressive that the Arizona Board of Regents gave Crow a $600,000 bonus — (ASU Pres)

ASU salaries: inequitable and obscene | ASU News | The State Press | Arizona State University

Even more discouraging, most of the people in my department at a large investment bank made more than the governor when I was there.

2005-07 was a strange time.

some investor guy wrote:

"Give me the $120k you would have spent on college for this startup company"
What do you say?

NO! A bright kid would've asked for the $300K it takes for a prestigious school.

I have heard an increasing number of venture capitalists don't care about business plans. They want to see the item/software.