Waste.. or compost?

Before going off rambling I wanted to preface with a little twitter depression.  I set out not to post "trade journals," just tweeting entry/exits or making articles just about that. I want to delve into the qualitative discussion on why short VIX permeates everything and all its related metaphors.  I had a moment of weakness the other day and tweeted an svxy trade, mainly out of frustration on the uvxy spread/fills, but anyway I did it, I slipped up.  This spun off into a dozen replies about strategy, brokers, portfolio margin, and more, whereas I think I've maybe gotten a like once in response to dozens of conceptual articles and Janet posts.
I know people don't care but its just crazy seeing it in real time with metrics, such as views and responses to an article mentioning $gdxj $tlt vs general Fed discussion.  Anyway the point is industries like advertising work, even though it seems crazy that they just hashtag movies and go hard at the absolute lowest common denominator.  I'll do my best on avoiding that path.  I take pride in posting Janet pics and instantly losing followers.  Just like in video games if you are running into enemies, that means you are going the right way.

Now some rambling, continuing on the paradox of thrift/broad economy and our short VIX position.  In my youth I was consumed with  the concept of waste.  Government spending, smaller business inefficiency, why do we have more military spending than everyone combined, etc.
I was only seeing the one side of the transaction, the spending/debit.  When you back up and look at the whole ecosystem there is an equal and opposite credit/income for all that waste.  Thus my brilliant metaphor is to not look at insane budgets as waste but as compost.  That spending fuels businesses selling goods and services, employing people who then buy other things.  Thats the whole economy!

What do you think of as wasteful? Take one step back and look where that waste/spending is going, and the river's path of how it flows back into the economy.  And what if the money never goes back into the economy? What if it theoretically goes into a vault or is burned?  Then we just have scarcity making everyone else's money worth the tiniest bit more.  This is basically the situation with QE since 2008 just going to stock prices and banks and not causing inflation in the 'real economy' with helicopter money. 

What matters is the velocity of money and the fact that the whole system keeps trudging on.  There is a chance that the whole thing stumbles and disintegrates and that is long VIX, the counterparty.  As long as the money velocity keeps going and everyone wakes up tomorrow to get checks to do the same stuff, that is our VIX futures contraction playing out- future fear is overstated.

Is Janet really gone?

 Donald! There's somebody here that you simply MUST meet! Now am I pronouncing this right? Mr... Janet .. al ...Ghul?

You're not Janet al Ghul- I watched her term expire..

But- Is Janet al Ghul immortal? Are her models.. supernatural?

Or cheap parlor appointments to conceal your true identity, Janet...

Surely a man who spends his nights scrambling between hating big ugly bubbles and feeling very honored at all time highs wouldn't begrudge me dual mandates...


Anyway as usual the venn diagram overlap of the people who care about Janet/fed balance sheet/rates/VX and people who remember the Batman Begins party scene is probably under 1, so another post another 5 followers lost.  For the rest of you though (the less than 1), I think the Jay Powell appointment is pretty good for the short VIX crowd in the sense that he basically is Janet, just without the face that works with every move poster (so I don't know what I'm going to do..)

Here was an overview of some of his quotes per policy and this is as Janet as it gets among the other fed chair "candidates"

 The broader theme we come back to is again the SPECTRE/ League of Shadows in the sense that its clear change was never an option, whatever rhetoric from any side is the loudest and most distracting won't impact the true gears of the system which seem to be much lower longer term interest rates and thus cheap money/ increasing equities/ contracting VIX futures.  When a drastic or even slight change in the Fed's direction isn't possible in this environment where candidate Trump called out my baby Janet, then I don't know what you are hoping for if you really think this ship can change course.

So Ben, Janet, Jay, it really doesn't matter.  The concept of Janet is immortal, the League of Shadows will always return.