Bob's not here, he's... Off The Desk

Bob's not here, he's... Off The DeskBob's not here, he's... Off The DeskBob's not here, he's... Off The Desk

Bob's not here, he's... Off The Desk

Bob's not here, he's... Off The DeskBob's not here, he's... Off The DeskBob's not here, he's... Off The Desk
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  • Bloggery Lies Within
    • Thoughts From The Desk
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  • More
    • OffTheDesk
    • Bloggery Lies Within
      • Thoughts From The Desk
      • A Pilgrim's Progress
      • He Fancies Himself a Poet
      • Practical Matters
      • Tales from the Desk
      • The Sports Desk
      • Thinking Big Thoughts
      • Ceremonial Affairs
  • OffTheDesk
  • Bloggery Lies Within
    • Thoughts From The Desk
    • A Pilgrim's Progress
    • He Fancies Himself a Poet
    • Practical Matters
    • Tales from the Desk
    • The Sports Desk
    • Thinking Big Thoughts
    • Ceremonial Affairs

"Are We Done? Tell Me We're Done."

"Are We Done? Tell Me We're Done.""Are We Done? Tell Me We're Done.""Are We Done? Tell Me We're Done."

MBS, ABS, CMBS, ARM, SFR, CDO, CLO, Can't spell CMO. BWIC, WTB, STC, BRB, Still Tied, Last Look, Full Fill, 5x. Spare me....


 

"Are We Done? Tell Me We're Done."

"Are We Done? Tell Me We're Done.""Are We Done? Tell Me We're Done.""Are We Done? Tell Me We're Done."

MBS, ABS, CMBS, ARM, SFR, CDO, CLO, Can't spell CMO. BWIC, WTB, STC, BRB, Still Tied, Last Look, Full Fill, 5x. Spare me....


 

About

"Off The Desk" in Institutional Fixed Income Trading means: I don't have an answer, I had to see a man about a horse, I'm afraid to tell you what I know you don't want to hear, I'm eating a Double Fatburger, I'm in my manager's office as he's telling me I suck, I'm just too damned tired to watch the screens.

Axioms, Assertions, Admonishments, and Advice...

 30 years of pontificating pedantically have made a rut well worn. More gems coming your way if you like it or not. Mr. Metaphysics, GetOffMyLawnGuy, and BackInTheDayGuy have signed on to join me as I Bobsplain... 


About Me...

Retired after 16.5yrs trading Fixed Income for the Capital Group... 14yrs before that on the sell side as an Institutional Salesperson at Countrywide Securities and WAMU Capital. I've seen a lot of mortgages... PTs, Arms, CMOs, Whole Loans, Private Label... ad nauseum. I've traded rates, Agencies, Structured Products of every kind. I know all the ways to get killed because I've made all the mistakes...


First Things First...

  • If you ask me I will answer...  I might be wrong but I will answer
  • I have a worldview based upon the search for Truth
  • The First Order question is "Why?"
  • The next question is "Who makes the rules?"
  • It is not the ticks that matter, it's the points
  • Honor and Fidelity come first
  • "Done" means Done
  • Just because something can be done doesn't mean it should be done
  • Human nature does not change and any scheme that demands it will end in chaos
  • The other guy has to feed his family, but you don't have to pay for his yacht
  • If you don't know who the fish at the table is, it's you

Thoughts from the Desk



  


Aphorisms, Axioms, Assertions, and Angst

The Monetization of Misery

  

  • When private charity is converted to an entitlement from the State, the recipient becomes an income stream to be monetized… thus insuring the multiplication of the miserable
  • When tasked to alleviate a social ill no public agency, or private agency funded by the government, has ever done so; it is axiomatic that the social pathology will metastasize to maximize transfer payments
  • The bureaucratic welfare state, abetted by electoral calculation, has achieved what “oppressive capitalism” never imagined: the permanent monetization of misery
  • Human bondage has many forms. Chattel slavery is a cruel institution but the slave well knows his oppressor; his soul remains intact. Far crueler is the new bondage that      enslaves mankind in cultivated ignorance, in futile efforts to find joy in satisfying the basest desires, in a purposefully constructed climate of fear and anxiety. In this bondage, the slave cannot see or know the oppressor; he can only turn his hatred upon himself


"Coolness"

  • The Bourgeois compulsion to achieve “coolness” has resulted in the abandonment of centuries of culture and the degeneration of what is good... including “coolness”   
  • A pose of “I don’t care” inevitably leads to not caring; just look at what people wear   
  • A hardworking poor person aspires to not be poor… and dresses with that aspiration in mind 
  • A bourgeois will dress according to the presumed fashion of the masses… a pretense of solidarity and a signal of conformity
  • A confident person will dress as one’s Grandmother would wish

Neo-Gnosticism

  • To abandon the belief that we are creatures of a caring God requires a gnostic belief in the perfectibility of mankind or a belief that we are the result of an unfathomable accident of the universe. The first replacement is at odds with all empirical evidence regarding human      behavior; the second leaves us existing at the edge of a precipice, staring into a terrifying black abyss of infinite nothingness.
  • Lucifer in his pride refuses to serve the God who created him… “Non Serviam.” Modern man goes further; we make ourselves each our own god… with a will to force others to serve us
  • Having established ourselves as our own god, our desires become sacraments, our needs become the duty of others, our emotions take on the force of law, and truth is  what we assert. The “not me” becomes a faceless mass that must conform to “me”
  • The repudiation of the afterlife has made mankind terrified of mortality and subjects of those who promise us safety

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Contact Me

Send me a message and tell me something useful, witty, funny, interesting, snarky, critical... whatever. But don't tell me we're not done.

…Off The Desk

Bobb@offthedesk.com

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