Posts Tagged Goldman Sachs

No Fun Is Had At Municipal Waste Show; Markets in Turmoil


The classic adage “One does not simply drink one beer at a Municipal Waste concert” may have finally run its course; in the process, triggering the worst financial turmoil in months. Yesterday’s Waste show in Pori, Finland yielded a novel sight for the band: a barren bar, no crowd surfing, concert-goers standing completely still when called to form a Wall of Death, and a general air of utter boredom.

“I don’t know how to describe it… I just, like, didn’t have fun, man,” said one attendee.

At the end of the next business day, the NASDAQ lost nearly 1.5% of its value, down to 3099.14, while Dow Jones Industrial Average did not fare much better, falling 1.2% to 13521.97. The crisis, according to Thomson/Reuters, may be contained for the moment – due to the location of the show in Finland, which has a strong manufacturing base that can offset damages to commodity and retail losses from the concert, as well as brighter outlooks for the remainder of the band’s European festival run.

However, music industry pundits and Wall Street bankers alike fear that the effects of the concert could trigger a domino effect that would send ripples throughout the financial system. “Municipal Waste is highly influential in several markets, most notably for commodities like beer, raw materials like wood, plywood, polyester for skateboards and boogie boards, and in clothing markets like those that include jean jackets, bullet belts, and White Nike High Tops,” said a senior analyst at Goldman Sachs, who spoke on condition of anonymity. “There are a lot of traders who are going to buy based on their performances.”

The S&P 500 took the biggest hit, down 1.74% a half-hour before the closing bell.

“There’s been a deluge of market-moving events this week,” said Kleinerman Brigham, chief market strategist for HPL Financial. “Yesterday’s Municipal Waste concert was simply the tipping point, and we’re beginning to see traders react to it.”

Municipal Waste has gone from its underground party-thrash roots to become a major market-shaping force, according to HPL’ research. From January 2003 through August 2013, the correlation between fun had at Municipal Waste concerts and the daily value of the dollar against major U.S. trading partners was -.82. Data available from January 2001 through January 2003 (before the band was signed to Earache Records) shows a correlation between fun had at Municipal Waste concerts and the value of the dollar of -.08. These numbers may seem small, but they have gross consequences. The difference between the two indicates that fun had at Municipal Waste concerts and the value of the dollar tend to have a negative correlation.

“U.S. health and national security is threatened when the value of the dollar is intertwined with fun had at Municipal Waste concerts, which continually feed the U.S. trade deficit,” said J.P. Morgan Chase chief economist Jeremy Johnson. “We need tight regulation of how people enjoy themselves at Waste shows – and we need to do it by setting a cap and floor on fun had, as well as open up new markets for trading allocations of fun, or “fun derivatives”.”

Anti-bank politicians disagree. “Municipal Waste has become a Too Fun To Fail band,” said California congresswoman Elizabeth Boxer. “By no fault of theirs or the governments’ – it was the big banks that allowed the band to become so intertwined with the fate of our economic system.”

This week’s events come at the tail end of a month of bad press for Wall Street. J.P. Morgan has come under ire for manipulating energy prices for thousands of consumers, The New York Times recently released an investigative report about Goldman Sachs’ shady dealings with commodities like aluminum, and nearly every bank is being accused of rigging foreign-exchange FX markets, which play a key role in maintaining currency values.

Brigham sided with Boxer on the issue of regulation versus litigation, while also raising the crisis alarm. “Do I think financial institutions should be held accountable for the losses sustained this week? Should the pension funds for teachers in California, autoworkers in the Rust Belt, and police officers in North Jersey that are going to take the biggest hits be held responsible? Not when the reckless speculation in Municipal Waste-related markets that led to this crisis was done by bankers at the Goldman Sachses of the world. So, yes.”

“This is far from over. Normally Municipal Waste “f**k’s up” its fans. This time, Wall Street may have engineered a system in which the band will “f**k up” five years of economic growth and recovery following the sub-prime mortgage crisis.”

Jari Hjekvik contributed additional reporting from Helsinki.

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Theme From An Imaginary Grindcore Album: The Birth of UnMusic

Today is a landmark day in the history of music.  On Saturday February 5th at 10:37 AM a new genre of music has been born.  Welcome to the world of UnMusic.  Many times I have read the song titles on albums and thought to myself “This album has great song titles, it’s too bad the songs are horrendous.”

If you have had that thought from time to time, then UnMusic is for you.  UnMusic removes the irritating and grating music that is on albums and merely gives you song titles. I give you the song title, what your imagination does with them is up to you. Think of the possibilities?  Music without the limitations of actually having a song! I’m not even going to give the album a cover with artwork.  I feel like that would be selling out.  You, the listener, have complete artistic freedom to imagine what we would have sounded like had we actually recorded the songs.

For the purposes of marketability, the music will (not) be recorded by my band E.T.A.F. (Eats Things that Aren’t Food), who are known for their top 40 single “Jodie Meeks”.  This genre is deeply influenced by grindcore (particularly by the band A.C.). Grindcore is a style of metal that often features hysterical song titles and horrifically unlistenable songs.  Why bother with the songs?!?!?!

I was thinking about grindcore when these songs were (not) written, and actually believe this album better fits into a subgenre known as UnCore. That being said, I don’t want to limit your imagination, so if the songs sound in your mind like Michael Bolton or Earth Wind and Fire when you think of them, go with it.

Band:  E.T.A.F.

Album Name:  Unfriended By Life


1.  Obligatory 2 Minute Acoustic Guitar Instrumental Intro

2.  Tipper Gore Told You To Throw Out All of Your Judas Priest Albums…But You Didn’t Listen

3.  I Got Scolded Because I Made Fun of the Drummer From Winger

4.  You Hung Out With The Band Skindred in A Parking Lot

5.  If Lincoln Were Alive Today, He’d Be Angry They Buried Him

6.  Stop Staring At Me…I’m Not Going to Talk to You

7.  You Have Children

8.  Mubarak Has the Best Interests of His People In Mind

9.  “So…Wait….Now You Are Saying That You Are Not A Doctor?!?!”

10.  I Follow People Around Malls

11.  You Like Tomatoes, But You Don’t Like Ketchup

12.  You Met Your Wife At A Viking Metal Concert

14.  Ketchup Is A Vegetable

15.  You Lost Your Children’s College Fund Because Jerome Bettis Fumbled

16.   You Missed a Meeting With Your Parole Officer To Go To An ICP Concert

17.  You Sent Your Son To School With Head Lice

18.  Choose Life…The Lesser of Two Evils

19.  You Learned to Speak Latin In Order To Sound Arrogant

19. You Gave Blood

19.  There Are 3 Track 19s on This Album

20.  You Were Unfriended By Soccer

21.  You Voted In Florida And It Didn’t Count

22.  Two Tens For a Five (A Tribute To Goldman Sachs)

23.  You Have Restless Leg Syndrome

24.  No One Follows You On Twitter

25.  You Are Allergic To Dog Dander and Milk

26.  You Live In Buffalo

27.  You Were Unfriended By Bacon

28.  My 98 Year Old Grandmother Just Compared Municipal Waste to D.R.I.

29.  You Live In Buffalo

30.  “No Officer, A Sound Did Not Come From My Trunk”

31.  You Gave Your Son Cortisone Shot So He Could Play In A Little League Game

32.  You Have A Bank Account

33.  People Don’t Take You Seriously Because You Have A Mustache

34.  You Pay Taxes Because You Think Its Patriotic

35.  If It Wasn’t For All The Crime, Miserable People and Decaying Buildings, Gary, Indiana Would Be a Great City

36.  Sucks to Be You…You Play Soccer

37.  Soccer is The World’s Most Popular Sport

38.  You Own A Copy of The Movie “Space Jam” and You Don’t Have Any Kids

38.  HA!  HA!  HA!!!  You Voted For Obama…and He Lost!!!

39.  You Went On Strike Until Your Company Agreed To Show Jerry Springer In The Break Room

40.  You Live In Buffalo

41.  You Are An Organ Donor

42.  You Know How To Properly Use A Semi-Colon

43.  You Quote Ayn Rand

44.  You Hope That Iron Maiden Plays All The Songs From The X Factor At Their Next Concert

45.  Your Kids Don’t Talk To You Because You Have A Mohawk

46.  You Think That People Are Smiling In Commercials Because They Are Happy

47.  Nobody Goes To Your MySpace Page Because Your Band Does Lionel Richie Covers

48.  Spellcheck is Wrong…Grindcore is One Word

49.  No One Knows What Barney Greenway is Talking About

50.  I Listened To The First Carcass Album and Became a Vegetarian

51.  You Are So Metal That You Were Into Ozzy Before He Joined Black Sabbath

52.  Raggacore Is The Next Big Thing

Hidden Tracks:

52.  You Think It’s Ironic To Have Song Titles Without Actual Songs

53.  It’s Funny Until You Start Talking

54.  Some Random Cover of A Band I’ve Never Heard Of Like Budgie

55.  A.C. Can’t Sue Me For Stealing Their Idea Because They Can’t Afford A Lawyer

56.  Even Spammers Ignore You

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