Tuesday, May 23, 2017

One of those diversity things

Daily Caller:
A criminal suspect in an investigation into a major security breach on the House of Representatives computer network has abruptly left the country and gone to Pakistan, where her family has significant assets and VIP-level protection, a relative and others told The Daily Caller News Foundation’s Investigative Group.
Like those bombings in Europe of the anti-white vigilante squads in he US.  It is OK on account of the diversity pros in the Dem party checked off on one of their identity groups.  

Ned wants to halt the Swamp bailout cycle

In a statement issued moments ago discussing Trump's proposed, if completely impossible, budget proposal, Treasury Secretary Ned Ryerson said that Trump's "budget will achieve savings through reforms that prevent taxpayer bailouts and reverse burdensome regulations that have been harmful to small businesses and American workers." Translation: taxpayer bailouts are imminent, especially now that the current economic cycle is the 3rd longest of all time and a recession grows likelier with every passing day.
Ned, as we all know, made his bucks by hedging the government housing insurance program.  Now he thinks he can stop 250 years of Swamp graft and magic by adopting the sandbox, which is his plan.  What will it be? Hug or slug? Naw, he is too confusing:

Something is exploding

CBPP picks apart the senate rules  and says the insurance program is fine. But the senators are sovereign, may I remind our fellow ignorants constantly.  The senate does not have good legal control when it is bankrupt.  Here is what the senators do:

Here we see deficits wildly unstable as debt piles up for the senators. his chart throws all your senate legal models out the window.

Either trend inflation is zero or double entry accounting fails

Liberty Street Economists on measuring inflation:
The persistent component of inflation plays a critical role in many economic and financial decisions. For example, investment and saving choices as well as interest rate determination depend on the expected behavior of inflation over a long-run horizon. Similarly, the underlying trend in inflation plays a critical role in the conduct of monetary policy. Unfortunately, differentiating between persistent and transitory changes in inflation in a timely and reliable manner is a challenge. Consequently, a large research effort has focused on extracting the trend component of inflation from monthly data releases. 

It is a matter of assumption on what is inflation, exactly. 

All models define it differently.  But, my statement above holds, in all cases. If double entry accounting only works for the wealthy in a monopoly monetary regime, then the liability falls straight back upon the legislature; we get monetary regime change and a big requant.

Smart contract layer works fine says researcher

Sophisticated computational techniques, known as machine-learning algorithms, increasingly underpin advances in business practices, from investment banking to product marketing and self-driving cars. Machine learning—the foundation of artificial intelligence—portends vast changes to the private sector, as many job functions performed by humans will increasingly be performed by these digital robots. But job displacement by machine learning will not be limited to the private sector. Governments may soon undergo their own data revolution and find ways to use machine learning to support smarter public sector decision-making by administrative agencies—potentially even replacing certain human decisions.
Not my area, but nice to know that smart contracts is doing its job 

Surprise libertarian win in pinkoland

LA Times:
Supporters of charter schools appeared to win control of the Los Angeles school board Tuesday, a watershed moment with huge implications for how students are taught in America’s second-largest school district.
The charter school movement has long been a major force in Los Angeles school circles. But the victory Tuesday night by pro-charter forces — who dramatically outspent rivals in what was the most expensive election in school board history — gives them the opportunity to reshape the district.

Estimating the social security deficit

Debts, Deficits and Social Security

Bruce Webb gets into the issue by reading the law on off budget and on budget definitions.  However, there is one sovereign, the senators in this case, hence there is one unified budget because they all default together under the current scheme.

So, the SS deficit is its proportion of the total deficit by proportion, a very simple calculation.

We cannot distinguish in the law until we amortize the debt, and it looks like that will happen in senate bankruptcy court, and so far the senate is clueless about how that happens. So stick to the simple calculation until we get some pricing on the coordination failure we expect.

Reagan, Totalitarian Rat

The Meyers-Milias-Brown Act (MMBA) in 1968 was the first California law to give public sector employees (city and county employees) the right to collective bargaining. The MMBA was signed by a former union president, Gov. Ronald Reagan.
Remind me again why we call it the Republican Communist Party 

The Asian rebalance stutters?

 We had the unexpected drop in home sales.  Dunno what caused it, mortgage rates haven;t moved much, weather is fine.  Likely Chines currency controls   may have reduced shoppers from abroad.  There was a bigger drop in the West,  which can tilt the wheel because of the California effect.

Business Insider:
New home sales in the US fell much more than expected in April. Sales slumped 11.4% at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report. Economists had forecast that sales of new single-family homes fell 1.8% at a seasonally adjusted annual rate of 610,000, according to Bloomberg. "The seasonally adjusted price of new homes nationwide fell, which is encouraging to budget-conscious buyers, but most of that drop was most likely driven by weakness in the West, where homes tend to skew toward the higher price points," said Svenja Gudell, Zillow's chief economist, in a note. Sales in the West fell by 26.3%, the most since October 2010. 

Monday, May 22, 2017

The charge is baseless since California has an official anti-white legal system

Spanish-language television, leveled the on its face ridiculously false charge as part of a Univision report on the Trump administration’s early, swift success (as demonstrated by ICE statistics) in reversing the large-scale collapse of immigration law enforcement that was a hallmark of the closing years of the Obama era.The amped-up rhetoric is part of a concerted effort by Democrats, activists and their liberal media allies to portray Trump and Republicans generally as anti-Latino and ‘criminalizing immigrants’ by the very act of enforcing the laws on the books.
As long as hispanics support the racist regime of the Cal Dems, then anybody is free to ethnic cleanse.  My suggestion to Cal Dems is to stop the anti-white racism inherent in law and practice, otherwise we will not \obey any of the racist crap coming from   that legislature.