Small state senators terrified

On a budget item basis, they look at their discretionary share and their federal interest charges and compare.  They know that interest payments, and entitlements come before their peculiar budget items. 

The government sphere is well packed and searching for niches to hide your special state programs becomes difficult. Large reforms can't be done, the volatility of repacking the sphere sweeps the small states away.

Becoming a data scientist

• 1. Training as a scientist, with an MS or PhD
• 2. Expertise in machine learning and statistics, with an emphasis on decision optimization
• 3. Expertise in R, Python, or Scala
• 4. Ability to transform and manage large data sets
• 5. Proven ability to apply the skills above to real-world business problems
• 6. Ability to evaluate model performance and tune it 

Accordingly to IBM

I will be one when I grow up, save me a spot.

Here is to you, Jim

Tillerson replaced with a bottle of shampoo

The White House has a plan to replace Rex Tillerson with CIA Director Mike Pompeo

Castrate them at birth

Political ad: Vote for candidates without penis...

Then we won't have sexually dysfunctional NRA members masturbating with their rifles nor bible thumpers harassing girl scouts.

A sex bot could take Megyn's job

Sex Robot Craze Sparks Rise Of Digisexual Men Who Will Only Sleep With Sex Robots

If Roger gets enamored of the idea, then we get a sex bot on TV pretending to be a fake intellectual. We could just stare at her boobs, no need to pretend.

Every two weeks you appear before the bankruptcy judge

Republicans pursue two-week spending bill

Greg NashCongressional 

Republicans are pursuing a short-term bill that would avert a looming shutdown and fund the government through Dec. 22, GOP leadership aides said. 
 The plan would mean lawmakers will likely need to pass a second stopgap spending measure right before the holidays that would keep the government’s lights on into January. GOP leadership has been wrestling with how to avoid a government shutdown when current funding runs out Dec. 8. 

Told ya so

Bette Midler: Geraldo Has Not Apologized For 1991 Groping... The male castration panic, so obvious.  It gets diagnosed as alpha male, it is not.  It is a toddler whining for mommy to touch pee pee, sick, embarrassing.

Roger goes for Megyn goodies

"Grabbed for my goodies", she said. The Trumpster was quite jealous.

Baumol-Tobin won't work

Baumol-Tobin is Magic Walrus.

This model assumes a consumer has a regular income and pays regular payments, thus the consumer deposit/loan functions can be differentiated. Terms are pre-defined, not just sarse, but already known.

Basket brigade assumes the consumer makes ad hoc re-orderings of the purchases to avoid local congestion.  The consumer accepts that the cost of money is uncertain, but bounded within the household budget. It can re-order purchases without being surprised at the credit card charges.

Thus, the optimum loan to deposit functions= will tend to match the size and relative frequency of liquidity events to the size and relative frequency of deliveries. We get a sparse pricing system that obeys Baumol-Tobin over a sub set of all real prices.

This came up in the Alt-M blog on IOER again, and the problem with IOER is the denominator, time.  The way to eliminate time is relatively simple, mechanically.  Just move to an asynchronous, adjustable interest rate, which is equivalent to open market buying and selling of fiat. The central banker can determine the earnings from deposits and costs of loans on the spot, as needed, and it keeps a balance sheet equal to the expected round off error.

All parties are operating from and expected, but bounded uncertainty, tradebook uncertainty. Brigade theory applies.

All pathes blocked

The stock market is getting volatile and the one year is at 1.6%, with the Fed  twisting to keep that down. The ten year is not going above 2.5, look at the long term chart. We ran all this week with the curve, 10-1, at .75.  If it goes up near 1.0, it is requant time.

We are going to get a container that does not fit the channel, likely state or local pensions, especially Puerto Rico, Illinois and some Cal counties in distress, at a minimum. With the hurricanes, we might see Houston pop. Or Mexico boiling over from murder, corruption and earthquakes.

The senate sees the boulder coming and call a timeout. One of those times when the elders huddle in the swamp and the kanosians are at the gate.

We need the intelligent cash card, like now.

Another must read

A Physicist’s Physicist Ponders the Nature of Reality

A good physicist. Accepts that space/time are emergent properties, still iffy on gravity.

If he would listen to one thing I say, I would tell him: Information is a mathematical construct, an ideal queuing element for the purposes of finding optimal queues over finite networks engaged in sphere packing.  Do not take the 'information bit' literally, unless you are a mathematician doing sequence generator theory with sphere packing over finite rank channels.

Borrowers pay depositors, it will alway be so

Scott Sumner trying to figure out what accounts for the Fed balance sheet.

There is a sense in which the size of the balance sheet can be viewed as demand determined, especially if the Fed is targeting inflation at 2%. But that's only true if the Fed doesn't pay interest on reserves. Without interest on reserves (IOR), the Fed's balance sheet would be about 7% of GDP, slightly above the demand for currency.

The IOER comes from the IOEL, interest on excessive loans match interest on excessive deposits, within the 5% NGDP variance we need. 

Look at the law, Scott, the law determines the algebra.   Net the interest rate flows, the Fed rarely carries losses or gains forward, hence on net; the Fed carries no risk, it is all placed on Treasury, the sole borrower on the sheet.  On net, the Fed pays its salaries and rent, not much more.

If the Fed did not pay IOER, there would be an automatic reduction in lending rates to Congress, which is completely unrelated to general inflation. Since the Fed is limited to borrowing only from Treasury, the Fed is always off equilibrium, it is always chasing an equilibrium point off to the side of NGDP because the Fed never measures excess borrowings of the member bank, hence the Fed is working with half a brain.

The other name is bankruptcy

Doug Badger at NRO discovers Obamacare is in deep spiral.  As the premiums increase, the greater proportion are subsidized and fewer people pay.  Ultimately we will al be subsidized by the whom? No one, we have to accept the Obamacare losses, there is no Magic Walrsus to save it.

But that number includes people with employer coverage. Obamacare premiums are so high that they often exceed that threshold even for families with relatively comfortable earnings. For a 35-year-old couple, subsidies end at about $65,000 in income — but Bronze-level coverage costs an average of nearly $7,800, according to the Kaiser Family Foundation’s premium calculator. This premium will exceed 8 percent of the couple’s income unless their earnings approach $97,400. A 31-year-old couple with a toddler loses subsidies at an income of about $82,000, but would have to pay more than $9,800 for a Bronze plan — meaning they would be exempt from the penalty unless their earnings total nearly $123,000.

VOX has a racist bias and is unaware

A key answer, my research suggests, can be found in "social geography." The phrase refers to how different groups of people, including racial and ethnic groups, are spatially arranged in the geography of America's cities, suburbs, and rural areas. The strength of racially motivated voting in 2016 can be explained in part by the types of people (white or nonwhite, immigrant or native) who lived close to Trump supporters, and, even more importantly, how this social geography had changed over time.

Ryan D. Enos, you research is hosreshit since you have not explained why racial segregation would make someone vote for Hillary. It is a two way street, and you set out to prove your racism credentials by picking only on whites.

I have also done research,and discovered that African-Americans overwhelmingly favor Hillary. So, certainly, Hillary is the wort racist pig of all, second only to the  plantation owner's daughter, Nancy.

Don't like my research Ryan? Suggest you go back to research school then and figure it out.

Give us secure intelligent cash cards

• Cybercrime is a rapidly evolving threat, as recent high-profile hacks have shown.
• Online attacks cost the global economy around $450 billion in damages last year.
• Businesses are responding by more heavily investing in cybersecurity.

Business Insider

A horrid case of the castration panic

And he projects it as normal!

Get a dual identity

• California State Treasurer Calls on CalPERS, CalSTRS to Adopt Diversity Standards for Corporate Boards (Randy Diamond / Pensions & Investments)

As a resident of California, I use either Little Brown or Redneck, and sometimes they let you select a set, as in, 'which of the above'.  On gender, I use, 'it', there are few of us and we might get our own bathroom.

Is bitcoin mostly about China?

Dunno about the latest jump. Bitcoin should be an accurate predictor of secret outflows, still. Digital networks are not defeated. China credit expansion isn't working as planned, dunno. I am sure to find out soon if China dunnit.

Net value, rule of thumb
Assume bitcoin will only measure central bank out of equilibrium moves. It has no other market, bitcoin is just a fast FX market, unregulated.    Right now, what central banks are doing, requires a flow of 400 billion a year.  Bitcoin, as a market maker, measures the flow to 3%.   Bitcoin likely gets half the market. I get about $200 billion in net present value.  But that is a profitless rule of thumb. Add profits and its NPV should go down, profits seen as a liability on value..

She has some artistic license here

Media Meltdown Over Melania's WH Christmas Decor: 'Walls of the Damned,' Nightmarish,' Scene from 'The Shining'...

The Redneck trading pit, structurally

To help move the discussion.

We have one or more queues of  'bets' organized as generator graphs. One process has partial access to the tree to reorganizes the bins and maintain structure.  Tere is an arrayof otherorocesws, called trading bots. These bots share time in scanning the tree and placing bets.

The reorganizer process, the pit boss, will match one, two, or N sets of generators by measuring distance between generator and bounding that distance. Bets pay off as needed to maintain bounds.

The generators may change shape but maintain rank, we get adiabatic exhange, then we get requants. There is quantization error, market making risk carried by the pit boss, it is an implicit better,

What this does is enforce a valid pricing algebra, within bounds. Businesses with real goods get an accounting tool that matches their trucks, bins and bags. The rest is semantics.

Baltimore expelled from the union

In light of the ongoing wave of violent crime in Baltimore, school officials in nearby Carroll County have been forced to halt school-related trips to the city - including a marching band’s scheduled performance in the Mayor’s Christmas Parade this weekend - citing "escalating violence."  The field trip ban was imposed by the Carroll County Sheriff's Office "in response to parent concerns regarding the safety of students." 

Baltimore, you are now foreign country.   

I love a politically incorrect president

When The New York Times columnist Maureen Dowd phoned Trump to ask him if Republicans were chafing at his Twitter-feud with Warren at a time he should be presenting a unifying posture, he replied, "You mean Pocahontas?," thus producing another memorable caricature.Trump's reignition of the racially-charged slight reinforced his complete disregard for politically correct boundaries. It illustrated his affinity for branding his opponents with pithy nicknames in order to degrade their stature. But it also reopened a controversy for Warren that even some Democrats say she mishandled during her 2012 campaign. 

All hat, no cows

Credit Strategist Lewitt: High-Flying Tech Stocks Aren't Helping Economy

“The stock market values companies fueling the use of social media and advertising at exorbitant levels,” Lewitt said in the December issue of his Credit Strategist newsletter. “But while the profits and stocks of companies like Apple, Alphabet, Facebook, Amazon.com and Microsoft are skyrocketing, their businesses do not appear to be moving the needle on growth …. These companies are not focused on activities that enhance the productive capacity of the economy.”

Michael Lewitt

Lewitt cites an analysis by Swiss investment bank UBS that pointed out how commodities companies like oil and gas drillers have had the most positive effect on U.S. gross domestic product this year. Oil prices this year recovered from a 13-year low, giving energy producers more incentive to drill. Excluding the energy industry, U.S. economic growth actually slowed to 1 percent this year from 2.6 percent in 2015, according to UBS.

He patted a lot of ass

Why Won't Al Franken Say Whether He Believes His Accusers?

His best bet is to accept the general accusation and live life as an ass patter.

Why does the yield curve slope upward?

Large baskets empty into small baskets.    

With a shift of terms, I can say a house holds our household goods, it is container algebra. Because goods are conserved, we will therefore have fewer large baskets than small baskets.  Please refer to basket brigade theory. Thus, large basket, having fewer of them, will have higher lower liquidity when transferred (higher interest charges). The law of large numbers is sufficient proof.

Why can't the curve invert? Because we would have to go find all the small baskets and make them return their contents to the large baskets. We cannot reverse the expansion of entropy, we cannot find all the small baskets for a claw back, we have to take the losses and move on, a requant.

Time is irrelevant in this process, terms are set via another process called default swaps.  The stated terms are nominal, not real; but close.  We pack sphere.  We are rarely meeting the Euler conditions, so time derivatives won't work. We run a sparse system.

We hear a lot of curve analysis on the basis that everything is time synced, we have complete transaction spectrum, which is the implication of the Euler conditions. The analysis ends up with an indeterminate construction of rates. It is the Magic Walrus problem, which most economists now understand.

Medical inflation, down

Note the last part of the series, medical inflation dropping like a rock.  The new Obamacare rules suppressed medicare prices, they tell me.  Good news.

Yes, the government ledger service slows the economy in Q1

For those of you wondering why Q1 is the worst growth month, it is because of government.

Here we see Obama approval ratings drop in November when the Obamacare tax hikes are announced.  Then comes Jan when the sign up is due and payment begin.  Obamacare takes away one quarter of economic activity, thus responsible for about 3/4 of a point in lost growth.

NRA members masturbate with their rifles

Two researchers recently found that when examining men who are going through financial problems, many of their passionate views about firearms derive from a sense of “empowerment”—and they feel stricter gun laws are an attack on their masculinity.The study by Baylor University sociology professors Carson Mencken and Paul Froese found white men who own firearms and have lost financial stability, or think they soon will, find moral and emotional solace in their guns.

Proof positive. If you want to stop deranged, white men with the castration panic then never elect a jesus freak from Alabama.  We have a whole collection of these idiots at the Free Republic. All they talk about is how jesus wants them to make love to  their rifles.

New York voters not paying attention

The Suffolk County District Attorney's Office in New York doled out $3.25 million in bonuses to prosecutors from its asset forfeiture fund since 2012, according to records obtained by Newsday through a Freedom of Information request.

New Yorker, you are not all that welcome in the USA.  Your Manhattan prosecutor advertises and accepts bribes for criminal fixes.  Your other prosecutors go and and steal from you.  New Yorkers, you are vote as stupidly as us Little Browns in California. 

You mean, Hillary's disastrous intervention

When Egyptian general Al-Sisi ousted the Muslim Brotherhood from power, many in the West celebrated his coup. The Muslim Brotherhood's leader, Mohammed Morsi, had been an extremist intent on "cleansing" his country of Egypt's Christians, known as Copts.

Hillary is and was a delusional idiot. 

You mean the collection of if/then statements

A former Uber employee's description of spying on rivals and destroying evidence caused chaos in a San Francisco courtroom on Tuesday.The trial between Uber and Waymo scheduled to begin next week has been delayed by order of the judge, who scolded Uber for withholding evidence, according to media reports.The allegations of cloak-and-dagger tactics at Uber, the ride-hailing giant that has been accused of stealing trade secrets involving self-driving cars from Waymo, seemed straight out of a spy novel. And the events in court added more uncertainty into a high-profile lawsuit between two of the tech industry's most powerful players.

The Google flying car kids had a collection of if/then statements about the driving rules.  The lilliputian technology has since been replaced with auto learning, very similar to auto trading and related to the new paper on probabilistic logic trees. None of the new stuff was invented by the google lilliputians. 

Shocks coming through

Wholesale and retail inventories drop.  Credit growth expanded. And trade deficit 2% worse.  These are all aftershock of inventory realignment after the Hurricanes.  We are just now beginning to expense the hurricane costs.

Even so, the downward revisions are not enough to crush the very good growth numbers, but the growth numbers are going back to about 2.5%, still relatively good.

Watch the queuing issue on a chart

The implicit deflator and NGDP,  YoY change.They have a fixed relationship because the tradebook error is relatively constant.  This is a queuing effect, changing to a NGDP target works better, but not does not save usm from severe recessions, Sumner is dead wrong on this.

The fixed relationship tells me that queues are stable, we are not going to do much better than this no matter how one wants to change the Fed rule.  Scott Sumner makes get causality backwards.  The Fed is a central bank, it always works the same and it always prices mostly the same things that fit into the monetary efficiency bag.  But its primary function is to keep Congress paying interest charges, and changing to an NGDP target will not effect it major function.

The sandbox isn't diffusing

Abstract. We live in an age of paradox. Systems using artificial intelligence match or surpass human level performance in more and more domains, leveraging rapid advances in other technologies and driving soaring stock prices. Yet measured productivity growth has fallen in half over the past decade, and real income has stagnated since the late 1990s for a majority of Americans. We describe four potential explanations for this clash of expectations and statistics: false hopes, mismeasurement, redistribution, and implementation lags. While a case can be made for each explanation, we argue that lags are likely to be the biggest reason for paradox. The most impressive capabilities of AI, particularly those based on machine learning, have not yet diffused widely. 

Not enough of the trade press understands the Sandbox.   The only thing really reliable has been Coinbase and the blockchain.  It took the hardware wallet vendors some three years before they got the concept of secure element. intelligent cash card.  I think the smart phone vendors have turned us into idiots.

Trumpster digs a hole

President Trump Now Says That Wasn’t Him on Access Hollywood Tape

He already admitted the recording was him, there are witnesses and voice analysis.  The guy is in a delusion and digging himself a hole.

Hey Mr. Nobel Guy, Sandbox does it better

Mr. Theler wants to automate our savings  The sandbox does that and automates all the trading pits.  Forget Magic Walru, support sandbox.

Shifting Our Retirement Savings Into AutomaticBy RICHARD H. THALER
MANY problems are so complex that even if we had the money to fix them, we wouldn’t know how to do it. Fixing inner-city schools, reducing obesity, creating peace in the Middle East are just a few examples.
But some problems are frustrating in another way: we know how to fix them and we can afford to fix them, but we drop the ball. That’s the situation with a crisis facing many Americans: saving enough for retirement.
Here is one measure of the problem: A Boston College economist, Alicia H. Munnell, and her colleagues have estimated that more than half of Americans are saving too little to support an adequate lifestyle if they plan to retire at 65. Why is the situation so serious? One reason is that traditional pension plans — in which employees have almost no decisions to make — are being supplanted by defined-contribution plans like 401(k)’s. In these plans, employees have to decide for themselves how much to save and how to invest their money. For many people, being asked to solve their own retirement savings problems is like being asked to build their own cars.
To fix this, we need to do two things. First, make payroll retirement savings plans available to everyone. Then, add empirically proven design features to them, making it easier for workers to make good choices. In other words, improve the plans’ choice architecture.

Sooner

Morgan Stanley Expects A "Completely Flat" Yield Curve In 10 Months

There chart has a better answer. The blue line is curve slope, Look closely, it can drop 15 basis points between measurements, when  the sphere is well packed.  The reason is the second derivative of price is maximum when the frontier is at the knee of the curve. Morgan Stanley uses an estimate without the constraint.

Today, for example, nothing happened in the markets, bit it still cost us a basis point in slope. So any big market moves can change slope, and level. of the curve rapidly, at this point.

Little Indians

Sen. Warren Accuses Trump of 'Racial Slur' for Calling Her Pocahontas...

Import security note

The importance of watching for phishin attempts.

Having a blockchain does not help if someone has access to your secret keys.  They steal your keys by tricking you into clicking on an e mail.

Secure elements do not have the problem, each trader at the end coins must present evidence hey have the secret key guaranteeing against counterfeit.  That is the Golden Goose for the first microprocessor fab to guarantee a counterfeit proof key, untouchable by humans from foundry to smart card.  The smart card also protects you from fraud at the exchanges.

Net neutrality is not a left/right issue

One cannot categorize the regulation on that scale because, if capacity is fixed, consumers suffer, in total, a constant wait time varying according the volatility of usage.   The network always adjusts buffer usage to maximize link efficiency.

In the dynamic, regulations can incur a bias in the industry that causes continual increase or decrease in capacity. No one is looking at the dynamics, me neither because it is one of those things, like corporate taxes, leave well enough alone.

New reading assignment

Logical Induction

This is about assigning probabilities to logical statements, and very closely related to the idea that if we could price words, the trading bots could read. So, this is a must read for the AI  and smart contract folks. I comes from Marginal Revolution, and this group follows the theoretical papers, and their blog contains must reads for the Sandboxers.

Or the Senate collapses

Opinion: Warning: Social Security faces a 23% cut

We missed a new social security report, the imbalances are somewhat worse than predicted.  The result will be sudden interest charges, unexpected, hitting Congress, and the process stops.  To get the Senate up and running in its current form will require cuts in entitlements.

I bet Xi Ping Pong for Time of the Year cover

Most influential, easily.

He may vote Repub, but he is still Icky Poo

President Trump Won’t Campaign for Roy Moore in the Alabama Senate Race 

Like I say, hanging around a bible thumping, woman harasser is a pain in social environments.  What if Moore tried to grab  Melania's goodies, or even that Kushner gal!  Everyone at the gathering would have to shift around to protect the gals, looking all nonchalant in the process. It is a pain, been there, done that.

Relax, get some sleep

As Bitcoin Nears $10,000 "Central Banks Kept Up At Night"

Central banks regain much of their control when they support intelligent, secure cash card.  Then they get auto traded Fed balance sheet with government debt support. Don't worry, be happy.

John Lennon did the Alabama blues

You can't be serious': CNN anchor confronts Breitbart editor over comparing Roy Moore to a member of the Beatles

The whole idea was to sell hotels

Melania Trump never had any interest in becoming First Lady, but she encouraged Donald Trump to run for president because she probably never expected that he would win, according to a new report in Vanity Fair.Melania had also grown tired of his dithering about whether to get involved in politics, a longtime Trump advisor told the magazine.“She was very clearly the one who said, ‘Either run or don’t run,’ ” explained Roger Stone, a veteran Republican consultant and an early Trump adviser. Stone continued, paraphrasing what Melania might have said: “Your friends are tired of this striptease. Every four years you talk about it.”“She knew it was in his blood,” Stone added. “He always wanted to run. She is the one who pushed him to run just by saying run or do not run. I don’t think she was ever too crazy about it.”It was also clear to Stone that Melania Trump viewed her husband’s entry into politics as “Donald’s thing,” not her thing, according to the Vanity Fair report on Melania’s “secretive East Wing” and her tenure so far as First Lady.Another person who agreed that presidential politics was never “Melania’s thing” is Trump’s first wife, Ivana Trump. The mother of Ivanka, Donald Jr. and Eric Trump was overheard at a party in 2015,  talking about her ex-husband’s presidential prospects. She viewed Melania as a liability.“The problem is, what is he going to do with his third wife?” Ivana Trump was heard saying, according to the New York Daily News. “She can’t talk, she can’t give a speech, she doesn’t go to events, she doesn’t seem to want to be involved.”Another longtime Trump family friend agreed that there probably has never been an American First Lady less prepared or suited for the role.

It is perfectly acceptable to run  for president in order to sell your  book, your hotel, or your technology.  This is Mueller's problem, this was a conspiracy by Trump against Putin, fake Putin out and sell a hotel in Moscow.

The American voter figured out that selling a hotel in Moscow is cheaper than Obamacare, much to the Trumpster's dismay.

Operations on the bitcoin block chain

If you want my bitcoin liquidity history, follow my address back through the exchanges, to some finite point.  Collect my implied liquidity functions (loans/deposits). Map that into a trading bounds, and let me release my trading bots to  deposit and borrow bitcoin.

Now we have used block chain in a monetary environment, established a counterfeit proof of liquidity function, and that makes safe bots. We can do bounded S&L pits, the observable liquidity function for the bots guarantees against the concavities.

Horse manure STEPHEN MARCHE

A long discussion on male libido.
There is a real disorder, castration anxiety, a real pain in the ass and the cause of many problems, including the opioid problem and mass shootings, sometimes. NRA members suffer it badly. It is why we have to put up with shity actors like Stallone. Commonly associated with stroking long shiny things.

Which is how we wind up where we are today: having a public conversation about male sexual misbehavior, while barely touching on the nature of men and sex. The (very few) prominent men who are speaking up now basically just insist that men need to be better feminists — as if the past few weeks have not amply demonstrated that the ideologies of men are irrelevant.

Remember Avogadro?

We sphere packers concluded the actual number was set by some original compression that gave a limited number of overlapping states the  bubbles of the vacuum could endure.  In my religion, every multi-verse has different numbers depending upon the AI complexity at the Magic Walrus moment. The greater the depth of the laws of physics, the greater the prime level of compression, the larger Avogadro we get. Multiverses brag to each other, like jealous gods.

Anyway, the economy has an Avogadro, a small number, to be sure, but it has the maximum sphere, per monetary unit of account.

The limit comes about because rank is limited, and small.  (Our generators have rank) The Avogadros should be computable once we get the sandbox up and running.

What is the deal about color

We have tree  types of color detectors in the retina.  So we tend to use colorings to represent  tint or shading in general graphics. Makes great, understandable vu graphs.

But, color is spectrum. In brigade theory, the more spectrum you have, the more looks at the trade book you get. Spectrum is a limited quantity, and the well tended spectrum looks white (the pit boss makes it so).  That is why the physicists used chromatic models for the quarks.

In the trade books, we just assign the aristocracy the extra looks, and thus maintain  an extra color.   The pit boss maintains white, by adding in a drop of tint as needed for multi-color pit.  The pits are hierarchical with the higher precision aristocrats having the top node, in one or several isonormal mappings of the finite sphere ( as constructed by our generators).

Whew!  In my head, I have all these imaginary Russian mathematicians double checking my every statement. That is why I do the run ons.

Airport gates and frequent flyer discount coin

We eliminate the last minute boarding congestion as the airline attempt to pack sphere.

Airlines can look at the discount coin trade book, the airport can keep a local version of the coin and run the tradebook.  Thus, the entire airline and airport staff have the optimum look at current congestion, much better than previously.  This is a huge advantage in safety of runways schedules, frustration at the gate, and congestion on the airport roads, all reduced because queues are more readily localized and observable.

Each major airport can keep a version of discount coin, in their own brand, and tether it (properly, not like bozos) to all the other airport coins, they should trade nearly, but not quite, at par.

We do not want a block chain. We need airlines to agree on reporting standards so the coin is alway pegged to the median airline trip. And gates should be able to clear the coin right there in the trading pit in cloud (at the singularity).  If we used block chain, then it would take an hour to load a plane and LA would black out due to electricity consumption.

The smoothest operation occurs when most flyers carry an intelligent cash card, configured for frequent flyer.  This is all three color, mutli-color.  The control tower has absolute control over frequent flyer coin, ultimately.  We mean: If the control tower sees a flood of local coins flowing, the officials know that congestion is on the way, they have to have ability to raise price.

Web Wallet means bank account

Bitcoin Surges Over $9,500 After Korea's 2nd Biggest Bank Tests Crypto Wallet For Customers

I am translating for the high school kids.  

The headline above implies you have an account the bank. The kids like to call it wallet, like they are all cool and stuff.  

Now that we have the semantics, if bitcoiner get a bank account then why doesn't the bank let bitcoin lenders and borrower have a go at the fair trade book? Trading the book is what the high school kids call fractional reserve banking.  I call it, 'trading the book'.  Let's autotrade the book, what fun, get our bots moving.

Basket brigade does Sumners economics model

The Scott Sumner economic theory The simple two color pit model handles it  all.

1. A production possibilities frontier, which gradually shifts out due to productivity and labor force growth. That's the "old classical" part.

The tradebook is the frontier.  Bots work the tradebook and have equal, round robin,  view of its state. The frontier means pack sphere. Basket brigade means  larger baskets fill smaller baskets, this is sphere packing

2. An AS/AD model that causes output to cycle above and below the PPF, due to monetary shocks (NGDP) plus sticky wages.

Inside information revealed and priced. The auto traded S&Ls can maintain adiabatic flow (within published bounds)

3. A "reallocation" problem when the economy needs to move quickly along the PPF. In that case, the economy will briefly dip inside the PPF, as resources in one sector cannot be costlessly reallocated to another sector

Requantize the trade book. It is  quite simple, all handled by auto-pricing. The pit boss forces the requant when matching error exceeds bounds.  Requant means 'change basket sizes'


The trade book is your standard Redneck S&L reference architecture. Always say, Redneck compatible auto traded multicolor pits. The high school kids can figure it out.

Phishing is like internet junk mail

WASHINGTON (AP) — The FBI failed to notify scores of U.S. officials that Russian hackers were trying to break into their personal Gmail accounts despite having evidence for at least a year that the targets were in the Kremlin’s crosshairs, The Associated Press has found.

Idiot high school geeks have put us in the situation of defending ourselves against Russian junk mail.  How stupid are we? 

Trumpster not thinking

WASHINGTON (TNS) — President Donald Trump Sunday reiterated support for Roy Moore, the Republican candidate for U.S. Senate in Alabama, despite numerous allegations of sexual misconduct and harassment against him

Trumpster wants another  tax voter in the senate.  But he has already lost about three votes, and is likely to lose more when he brings in this bozo.  The chances of passing tax reform have to be less than half, a bible thumping child molester does not help the Repub cause here.  Someone gave Trumpster bad advice.

What happened in 1973 to cause inequality?

The Swamp went broke and the central bank defaulted on gold.  

In 2008 the Swamp went broke again and saddled the central bank with a huge bailout.

The problem is Magic Walrus, it don't work.

Horse manure

Riyadh (AFP) - Saudi Arabia's crown prince vowed to "pursue terrorists until they are wiped from the face of the earth" as officials from 40 Muslim countries gathered Sunday in the first meeting of an Islamic counter-terrorism alliance."In past years, terrorism has been functioning in all of our countries... with no coordination" among national authorities, Prince Mohammed bin Salman, who is also Saudi defence minister, said in his keynote address to the gathering in Riyadh."This ends today, with this alliance."

These camel jockeys survive via the belt bomb, that is our their religion spreads, belt bombs and swords and camels.  Don't believe me? Just look at the schizoid Persians, a nutty people driven mad by marauding camel jockeys.

Our stolen IDs used for FX transfer

China is busting money smugglers: 

The group in Shaoguan is accused of moving money illegally using 148 bank accounts opened in 20 provinces with stolen identity cards, according to Xinhua.
 It said they made unspecified "huge profits" by trading on the difference in exchange rates between Hong Kong dollars and the mainland's yuan.

So, at least our data is being put to good use, although the 150 million Americans whose ID in the hands of smugglers does not pay us a commission.

All the gang in China wish to thanks:

Equifax, Yahoo, Uber, and the DNC for providing much needed account IDs.

Mexico having subprime housing crisis

A subprime horrorBy RICHARD MAROSI | Tijuana

Later, the loans in Mexico were pooled into mortgage-backed securities by Wall Street investment banks and sold to bondholders. Income from the bonds came from the mortgage payments made by home buyers. Once homeowners started falling behind on the payments, default rates skyrocketed and the bondholders launched massive foreclosure actions.

My hometown, in the news

Fresno is bidding for the Amazon warehouse, and offered a dictatorship to Jeff.

But the most far-reaching offer is from Fresno, California. That city of half a million isn’t offering any tax breaks. Instead it has a novel plan to give Amazon special authority over how the company’s taxes are spent. 
 Fresno promises to funnel 85 percent of all taxes and fees generated by Amazon into a special fund. That money would be overseen by a board, half made up of Amazon officers, half from the city. They’re supposed to spend the money on housing, roads and parks in and around Amazon.

Jeff will make me ride a bike to headquarters, then steal all my stuff on sandbox tech.  Only the unions can save us now, hopefully they will exercise their dictatorship before Jeff.

SALLY H. JACOBS, we do not need more religious babble

America is Running Out of Muslim Clerics. That’s Dangerous.

We have enough already. And another politician wants more religious babble.

"Jones Would Be A Disaster" - Trump Tweets "The Last Thing We Need In Alabama" Is A Democrat

After he is arrested

Pelosi: Conyers deserves 'due process'

Until then, he is scumbag.

Egad!

However, in addition to rising debt, there is another, even more pressing risk: rising rates. According to Reuters, debt servicing costs - i.e., interest expense - now accounts for a fourth of state-owned firms’ revenues in the last few quarters. The ratio rose to around 27% in the second quarter - the highest in at least five years - before declining slightly to 24.47% in the third quarter due to a jump in revenues. Needless to say, with China's 10Y government bond yield  and corporate spreads blowing out to 3 year wides, traders will be especially focused on what happens to Chinese interest expense in the coming months.

Interest charges, they are quarter of the firms budget with a six percent variation.  This makes it very difficult to estimate prices of goods and production costs. Hence, evaluating these firms becomes fraught with hidden information about internal access to funds.

Oh yes, Wampum

A post from Alt-M about the first American currency and its replacement with silver coins.

Thanksgiving: A Celebration of American Currency Competition

Wampum shells worked  for Native Americans because tribal tradition did not include their mass production.  Colonialists used it to trade with Native Americans but soon replaced it with silver coinage. Wiki explains Wampum, I had completely forgot about it:

Wampum is a traditional shell bead of the Eastern Woodlands tribes of American Indians. It includes the white shell beads fashioned from the North Atlantic channeled whelk shell, and the white and purple beads made from the quahog or Western North Atlantic hard-shelled clam.Wampum was used by the northeastern Indian tribes as a form of gift exchange, and the colonists adopted it as currency in trading with them. Eventually, the colonists developed more efficient methods of producing wampum, which caused inflation and ultimately the obsolescence of it as currency.Wampum was often kept on strings like Chinese cash. Before European contact, strings of wampum were used for storytelling, ceremonial gifts, and recording important treaties and historical events. Early wampum treaties made with the first European colonizers, such as the Two Row Wampum, were peace and friendship treaties to set out the parameters of a new relationship. According to the Onondaga Nation, the wampum is a living record and has many uses. These can include inviting a person to a meeting, showing title, and showing that a speaker is truthful. At the Treaty of Niagara in 1764, at least 84 wampum belts were exchanged.

Red and blue discovered to be different colors

Male and female brains wired differently, scans reveal. 

It was simple research.  

Women do not throw 90 MPH curve balls because they do not, in general, spend their youth training their throwing arms for hours a day.  There is more nurture in that cortex then we commonly assume.

WHO diagnoses Pakistan with mass religious psychosis

ISLAMABAD (Reuters) - Pakistani police fought running battles with stone-throwing Islamist activists on Saturday as they tried to clear a sit-in by religious hard-liners who have blocked the main routes into Islamabad for more than two weeks.

Setting our risk parameter

Having owners of the smart cash card set their risk parameter is mathematical necessity. It allows the trading bot to move your liquidity with a probability of loss you expect. The risk parameter should be a relative measure, what is you transaction limit relative to you regular cash flow.

Richer and poorer households disagree over Christmas contactless spending limits.

Nearly half (48%) of shoppers would like to customise their contactless card transaction limit, or would like to the ability to do so, according to new research* from Paymentsense. For those shoppers wanting a customisable limit, just over a quarter (26%) would immediately raise it, but nearly 1 in 5 people (18%) would lower it. The top reason for those wanting to raise the limit is that £30 is too low (44%).For shoppers keen to lower the limit (20% of those surveyed), the main reason was concern over fraud or theft (53%). A further 23% of shoppers want to lower the limit to help manage fluctuating finances.When it comes to Christmas shopping, the study also revealed divisions between higher and lower income households. On average, over a third (38%) of those on a lower income (up to £30,000) would not raise the £30 limit over Christmas, fearing overspending on presents and food and drink.

Fake he-man suffers the castration panic

 Steven Seagal Accused of Violently Assaulting 13-Year-Old Girl.

Like that Stallone guy. I get embarrassed when white male masturbating teens watch these dudes. Like I want to be another species.

The mechanics of frequent flyer discount coin

It is an automated web site.

The websit measures the distribution of airline gate prices, issues the discount coin via exchanges with the most common currencies.The matching error function is biased up or down as to match, in significance,  the most common gate price. It looks like a multi-color pit, but it is not, there is no cartel group with more frequent looks at the tradebook.

But the airlines could adopt a formal three color,and name themselves as the cartel. It works because the do profit accounting relative to discount coin, it becomes a profit and loss center for them.  But, that is OK, the coin is meant to purchase their product. The three color formalizes an inside information structure, the class having more. It is like a law of economics, sort of our second law. The first law being we don't like to wait in line.  The second being the law of cartels,  Cartels form when their inside information forms a complete sequence, relative to the original.  The system was 'aliased'.

Generator theory and cartel

The two color fair pit creates an exact match, within the amount of round off error the pit boss is willing to carry.  The resulting generator  generates typic sequences, but an isonormal subset of paths through the generator can be mutually coherent, and extracted, keeping inear algebra over the nodes and links. Like a rail road cartel applying the squeeze to the  oil industry. he rail cartel forces the industry to account for a monopoly fee.

Cartels are good when the cartel in question knows the business better, as a group. That would be a cartel of hotel owners creating the acapulco discount coin.

A pat on the rear gets the horse moving

The horse analogy carries over to many of our female where dingbat is common. Not sexist, really, just acknowledging the female slow to move on occasion.

Silly me, I thought it was just the Coptics

• Islamist militants attacked a Sufi mosque in Egypt on Friday.

• At least 235 people were killed.

• The attack is reportedly one of the deadliest on civilians in Egypt's modern history.

Sufi are a  peaceful offshoot of camel jockey.

My religion of AI includes the collapse of causality

Separate multiverse go through their stage, from big bang to free fermions to proton to biological support to computers to singularity, up into advancing versions of sigularity.

Each advance of the multiverse, as an information system, increases its self knowledge until the point it can ultimately predict the next event. Causality collapses and it recycles.

Some multiverse are well congested, and can go one creating self complexity through multiple versions.  Many collapse early and have a less complex big bang.

The game among the multiverse, is to increase the aggregate  estimate of itself, and carry the most complex version of itself through the big bang.  Each of the multiverse is a god, and the gods barely know each other, no cheating allowed.
Having a big bang is called, 'going full Magic Walrus'.

Camel jockeys cornered

The deficit is the better predictor of recession

Deficits have always marked the turning points. The numbers in red are two quarters old and the deficit has taken a bit of a jump, downward, since then.

So we have a race, can Ned invert the curve before Congress drives the deficit.

More entitlement slaves than toilets

An outbreak of hepatitis A is spreading through Los Angeles County after leaping from a large homeless contingent in San Diego, threatening thousands of people and fueling criticism that local officials have not done enough to contain the deadly liver disease.
Hundreds of cases have turned up in southern California as well as Michigan -- but conditions in Los Angeles, where roughly 50,000 people live on the streets, have prompted deeper concerns.
Reports compiled by volunteer organizations have faulted city officials for not providing enough accessible toilets as the homeless population sharply increased by 23 percent this year.

Why does acapulco coin need bitcoin?

It is an economic law, or me speculating an economic law.

Avoiding central banks and travel are closely coupled industries.  People travel to take advantage of currency arbitrage, they move business for tax arbitrage.  Central banks and central planning are big drivers of travel and immigration.

If central banks operated with smaller implied error the  the ideal standard for acapulco coin becomes frequent flyer coin.  Frequent flyer coin is the best exogenous predictor of acapulco hotel prices. Frequent flyer coin is also subject to central banker bit error, especially regulation of airlines.

An independent frequent flyer discount coin makes a lot of sense, created by the association of airlines.  With small error, anyone could look at the value of airline coin and know the local resource cost of the typical tourist trip. A fisherman in Maine knowing to good accuracy how many fish caught get one week end in Bermuda.  Likely a good idea even in the face of CB matching error.

How can we reduce central bank matching error?

Make their process explicit and tradeable, the three color pit with the 'aristocracy of government funders'.    There is an equilibrium that allows poor people to pay just enough tribute to wealthy people to insure government interest payments are met.  The amount of tribute drops in the sandbox as much of the debt cartel gets automated. The three color pit is a good idea, we can couple monetary zones.

The mechanics of acapulco coin

Acapulco coin is used as a tourist discount coin in Acapulco, the local tourist association agreed to act as trusted brokers for the coin. One acapulco coin buys the one eighth of the typical hotel room in Acapulco.  We get the statistics of the hotel room purchased, at the nightly rate because we have the entire sequence.

Now the hotel association, the honest brokers, construct the distribution to three bits of accuracy, or 8 'hotel bins',  then the hotel owners exchange acapulco coin for bitcoin to target a one for one match between typical rooms purchases and cons available.

The total price of a room is bitcoin (being central bank neutral) and the acapulco coin, for the typical room almost all hotel owners accept 1/8  Acapulco, the rest btc.

Acapulco coin is backed by its utility to hotel owners, it is the even money price. Hence the cost of pricing has gone to nearly zero, the rooms are auto priced. Acapulco coin also is granular, it is a local coin and local tourists have access to the hotel exchanges, so they can the coin to buy from the taco truck. It is a branded sidechain of btc but still supports local pricing.

How do the hotel owners avoid the trilemma problem? The utility to the hotel owners is much greater than the implied trilemma bias and they are willing to take a bit more losses on the coin than normal bankers. The coin bit error is about 12%, but there are few hotel owners, and their internal liquidity covers the 12%.

They have the flexibility, for example, to run  their hotel restaurants completely in Acapulco, avoiding the btc ledger fees. It is a short loop to the desk exchange. Mathematically, think that the loop is short in Acapulco proper, it is a contained service economy.  That loop is the trilemma, the hotel owners can manage it.

Give the tourist an acapulco card

The tourist is already validated, and checked in, So the tourist gets the local card for spending, the card act like a normal debit, but it clears back at the hotel desk.  These debit cards cost a buck.

Alabama police guard little girls from jesus freak child molesters

A retired Alabama police officer said she and her colleagues were told decades ago to “make sure” Roy Moore “didn’t hang around” high school cheerleaders, and confirmed previous reports that the Republican Senate candidate was banned at the time from a local mall for predatory behavior toward teenage girls.

Sooner than 2.75%

If investors are targeting the volatility weighted earning from the stock index against the ten year rate, the what is the option price of the market? The market drops by 15%, according to the analysts, when the ten year makes 2.75%.

But we hit a barrier sooner at 2.5%, a market drop of 7% kills a bunch of pension bound cities and counties and some states.  Even now, at 2.4%, state and local hiring is very sluggish.

Males with the castration panic, beware

‘Weinstein Effect’ Impacting Companies’ Holiday Party Plans

Companies plan to offer designated parents to the castration hysteric men during holiday parties.  

Males who suffer the embarrassment will register their condition and be assigned a designated nanny.  They will wear the patch of panic, warning all ladies to beware the 'Trumpster Grope', a medical name.

The logistics of -iLog(i)

The Shannon formulation for the share of a constrained channel to some message happening at rate i, where the sum of i is one.  The short answer is a hidden assumption, the system is packing the channel such that is follows the shortest path toward packed.  It reaches equilibrium and meet Euler conditions. He inserts this assumption when SNR is required to have bell shaped disributions.

Then, he shows that if he has a fair sample of the oath, a finite set of points from the process, he can walk the shortest path taking finite, and irregular steps. There is an algorithm that will find the optimum stepping spots given a finite sample. The log of something is generically the number of bits needed to encode the value. That is logistically equivalent to a transportation channel.

This is where the natural log comes from, the euler conditions specify a natural packing process.

The finite Huffman encoder

Shannon shows that the optimum decoder can always be a binary system, log base 2, up to a given accuracy. hat led to the Huffman encoding of a single, typical message being sent through the SNR limited channel.

Abstract algebra says there is a dual of the Huffman encoder, a generator which will take a channel packed with a set of integer indices and generate reordered sequences of the original message. his is the generator of the channel. What happens when the original sequence grows in length?

The generator begins to look like the natural log, links and nodes become dense. The uniform index becomes a long integer set and begins to generate more of the real number line. In the sense of a constrained channel, the effective SNR is dropping  rising, matching error is dropping, or the gaussian noise in the original formulation is dropping.

Just to handwave the rest of the story

We have proven, above, an algebra exists on generators, they have a distance measuring property, which can be accomplished in the dual as operations on two (or more) sets of indices, like dividing them and watching the remainder. Hmw many packed deposit queues fit into the oack loan queues, it becomes node by node algebra, we have found common denominators ots between two finite channels.

What has changed in Shannon's original is that we reconstruct the SNR, and bit error becomes the one, as in SNR+1.  Noise has meaning, it is the emptying queues. The 1 is retained bit error variance. We get the matching process assuming all agents pack sphere.