No, it is the demand that government be 'fair'

Sotomayor’s ‘Religious Liberty’

New York Sun complaining about the gals on the Supremes being against religion.  That is not it.  

These gals, including Kagan, want the executive branch to rule broadly, allow legislatures to ignore the basic Due Process clause.  This came up in Sotomayor's initial confirmation.  She wanted to do away with Due Process entirely, the government was mandated for quotas, let the executive execute the law. She was over ruled the day she was confirmed but still takes that position. So does Kagan.  

The man of too many names

Andrés Manuel López Obrador is picked to be he next co-prez of Calizuela.

Violence, corruption and poverty explain why leftwing populist Andrés Manuel López Obrador is the frontrunner in election

A touch of fascism no doubt. He be taking Mexico though a bit of devaluation, taking Calizuela down that lonesome path. 

Being a pain doctor

They make the horrible choice, chronic  pain or chronic addiction.

Pain homeostasis, it is part biochemical, part neural.  The pain doctor has to harm that process, make it atrophy and flood the system with opioids.  His insurance will go through the roof.

An opioid user cannot stabilize between severe injury and the normal aches and pains of the day.  Normally a bit of self awareness and the pain center releases the proper dose, on a pain by pain basis.  That function is gone for opioid addicts, you see them curled up in abdominal pain a lot, until medicated..

Trumpster got babe

There's your sexism.  The gal has wasted many a day in front of the mirror perfecting the 'look'. Squeeze material.

Doing the prequals

"This Isn't Fake, This Is Real": Millennials Resort To Cyberbegging To Finance Down Payment

This is an informal use of swap net.  Prepare and prove a spending pattern consistent with buying a house.  If transaction costs are low, you are prequalifying for a cash in advance at some interest rate.

Sandox drives transaction costs so low, clients can prove, using cyber badge, they are prequaled in some S&L pit that matches their profile. No one locked out, adiabatic steps to improved prequals.  No arbitrage cash, we squash artificial advantages by automation of banking.

Half point jump

Indonesia Raises Its Reverse Repo Rate to 5.25% From 4.75%

Their debt/GDP for guv been going mostly down since 2000, and is at 38%, a safe ratio.  The half point jump was not needed, except to get back market share they lost to the dollar. Expect the Indonesian coin to regain market share quickly, then get overvalued a bit.

The translation is: Occasionally Spanish

"Girl From The Bronx" Ocasio-Cortez Called Out In Fact Check; Actually Grew Up In Wealthy Enclave

Like Liz Warren translates to Pocahontas.

Government can tax all wotkers

An article published today in Slate makes a similar argument. The authors write: “States can replace their fair-share fee laws with provisions that require or allow public sector employers to subsidize unions directly.” 

We do not need a bunch of clueless discovering the payroll tax. Nor is there any doubt that public legislatures can pay whatever employer tax to themselves as needed. 

No matter how the legislature gathers the worker tax, it faces a Due Process in distributing the money back to approved unions.  This is simply a result of the civil war, states have to observe due process, that means a government agency distributes money back to unions chosen by individual workers with right of review.  This is no different then charging workers a 2% Medical fee, then distributing the money to the patient's doctor of choice.

Voluntary contract between merchant and card company

American Express AXP, +1.06%  won a Supreme Court case this week that will prohibit merchants from giving customers incentives to use credit cards that aren’t made by American Express.

If the merchant does not like the extra cost, then decline the agreement with AmEx, do not accept their cards at all.

Sandbox is their ocean

) stock has seen a steep pullback in the past few weeks, falling by nearly 13% since the start of June. But that pullback may soon be in the rearview mirror, as options traders increase their bets that shares of Intel will rise by 15% by the beginning of next year. 

They have first shot at the swapnet server architecture because of their lead in the Spectre standard.

Judge strikes down controlled econo-experiment

A federal judge ruled Friday afternoon that the Trump administration acted in an “arbitrary and capricious” manner when it allowed Kentucky to become the first state in the nation to require that low-income people work or otherwise engage in their communities to qualify for Medicaid.The decision by U.S. District Judge James Boasberg vacates that approval and sends the state’s program, Kentucky HEALTH, back to the federal Department of Health and Human Services for further review.

We allow competitive races between the states, but the Trumpster was trying a little 'throw this at the wall...', using a particular state for a control.  

The legislature may try to authorize human experimentation, via mandates on particular states. Even then the court would strike it down. States rights implies equal application of federal law.  

Congress can, and should,  offer options for the states, options on how to implement a particular program.  The options will require an appeal process for the states, a method for program options to have free entry and exit.

Kudlow admits to dangerous new deficits

….Official White House data suggest deficits are increasing, too. The White House’s Office of Management and Budget says the deficit is rising from $665 billion in 2017 to $832 billion in 2018, and will approach $1 trillion annually in 2019.

Kudlow, in a national press release, all but admitted Trumpster is a debt disaster. Indications are that Kudlow is about to be fired. 

Fox News and Kudlow worked all night to run up the future deficit numbers.  larry Kudlow exclaimed,
"Whoo, we be breaking the all time deficit record!".  
Here are the number Kudlow and Fox News worked up:

Fox News Research

✔@FoxNewsResearch

Rising Federal Deficits:
•2016: $585 billion
•2017: $665 billion
—Projections—
•2018: $804 billion
•2019: $981 billion
•2020: $1 trillion
•2021: $1.1 trillion
•2022: $1.3 trillion
•2023: $1.3 trillion
•2024: $1.2 trillion

Apartheid de Blowsio

Bill de Blasio’s Plan to Displace Asians In New York’s Top Schools

Bill has to change the rules for admissions to the elite public high schools.  He want fewer Asians to win spots.  We call this traditional Democrat racism.

Bank regulation gone haywire

Banks are spending $20 billion on compliance in an effort to combat money laundering, yet only one per cent of illicit financial flows are seized by authorities every year. While regulations have been introduced to crack-down on money laundering, so far they have had a limited effect. Given that banks will incur more than $400 billion in fines by 2020, as a result of misconduct and inadequate AML measures, organisations are under pressure to strengthen their own customer due diligence in order to avoid heavy fines.

Here is a clue.

First and foremost, do not charge the honest customers,  let them prequalify and skip the launder checking.  Those not prequaled, raise rates to cover the extra work.

Sell the peak day

Market report.

Bad meal planning makes lead poisoning

KIM Jong-un had a top army officer riddled with 90 bullets for giving his troops extra rations of food and fuel.

Another mama's boy

The man suspected of killing five people as they worked in their Maryland newsroom had a history of harassment against at least one woman. We shouldn’t be surprised.

Screwed up parents.  The kid has castration anxiety, cannot live normal if mommy doesn't stroke. 

I have a fan of workcamp

Talking to one of the lost and tattooed kids, I mentioned the the workcamp idea.   Pick the kids with priors up on Friday, one weekend, drop him off Sunday.  The city could do it cheap, resell the labor to agriculture and the kids gets 150 bucks for a week end. Or clean brush in the mountains. The kids get time served, after all they are supervised and watched, it substitutes for a parole appointment.

My survey of this one tattooed thought it a great idea. Give cities a criminal justice exemption, by voted law. Try it in an economically depressed zone, small scale. The key is get the kids out of the hood and into work camp for three days.

We can call it a new type of incarceration, voluntary service detail.  The most minimum of minimum security. We don't care if they are institutionalized, in workcamp.  There are plenty skills to learn in camotown teardown, build up, maintenance and systems. Include in that food and disposal skills, running the canteen, and so on. Workcamp is an end or a bridge.

Geat idea

PREMIUM – Azlo will begin offering lending services to small businesses and gig economy workers this fall, the company announced last week.

An idea recently learned, an S&L can find prequaled groups, like this group that already does good accounting, they are self employed. This group is most likely to use short term cash in advance, and almost always cover the interest charges uncovered.

Azlo will do well, they will sell ancillary services and finance inventories.  The possibility of taylored, natural membership S&L opportunities are out to horizon, at the moment.  The idea of a market determined shock  absorber, just plunk it out on swapnet, use crypto badge for prequaled users.

On the legal issue

If I recall, we still have the real violation, the mayor of San Diego was denied the right, by state law, to assembly peaceably, on his own time and discuss legal issues of his own choosing.  An actual prohibition of a reserved right by a state legislature.  Times like this is why we like Due Process, the state cannot restrict that right.

Then, on a closely related matter, unelected labor unions have the right to review local budgets with the intent of changing it.   Another serious violation of free assembly. The free assembly of elected officials, restricted?

Somethings cannot be Sotomayored.

Censorship error

There was a certain set of key search terms in my blog that some specific trade or political or research suddenly snagged, broke through the censor barrier because of the unique set.   Or it was me accidentally noticing something important, first.

The censor really just finds some unique set of matches that pushes the censored blog way down on the search list, the censor cheats on the margin.  But occasionally, with the help of fake news headlines, I get a few posts that break through because few others have the complete search.  My click size goes up by 4 grand.  Generally the folks learn,'Oh yea, that guy', and they shut me off again.

Labor union states live on

WASHINGTON California’s public employee unions were handed a serious blow in a Supreme Court ruling Wednesday that forbids them from collecting fees from workers who benefit from their representation but do not want to join them.
 In a 5 to 4 ruling, the court determined that public sector unions' so-called "fair share" fees violate "the free speech rights of nonmembers by compelling them to subsidize private speech on matters of substantial public concern." 
 The decision in Janus vs. AFSCME effectively makes California a “right to work” state, ending a 41-year precedent that allowed public sector unions to levy these fees on workers who don’t belong to labor organizations.

Not quite.

The calizuela can and will apply a worker tax.  That is perfectly legal.   Those taxes  pass through a government agency which passes the money on to a worker organization from the agency list. The worker chooses the worker organization, With a bit of Due Process we allow free individuals to organize worker organizations and get on the list.

Perfectly fair, it favors workers finding an organization on an equal basis. Perfectly legal, no different than a business or professional license.  

Due process is served by allowing free entry and exit of worker organizations. Workers retain choice. Legislature retains is right to make law.  The unions have to compete for the government handouts, and public sector unions will do about as well as they do now.

The good news, state legislatures will have to be explicit, they favor unions, private and ublic.  Legislatures willing to put taxes on workers to make that point.  In calizuela the politicians may be too weakassed to try it.

The Telegram messenger framework protects our privacy

Google And Facebook Are Fighting California’s Privacy Rights Initiative

And not only that, using the Telegram system I could duplicate much of the data analysis without knowing the identity of the originator. Sice the originator conrolsthe keys, it is a voluntary agreement.

It is a better arrangement, I could select, anonymously, the kind of ads I want to see.  A good idea since I spend an inordinate amount of 'click' hunting down new great stuff.  Going further, I can install themes, let users and traders pick multiple themes and fake ids, great for a trade press blogger, like I do.

We users select our ads, as a group interested ion the same stuff.  Telegram needs to drive this.  Wanted, one asshole ready to drive this ideavia the Telegram framework, make Telegram more intelligently distributed use python scripts, (or node.js).  

You jump to the site and you are in your python messagemanager, a bot at the server site with access to data. It is your bot, you and a bunch of other traders agreed to use the same interface, it is guaranteed, from the botchain company. Your bot can hold a secret key, unseen by any other bot or human. You get a route manager, like flask, with https always, bot to bot.

Asshole manager wanted to push this through.

Unenforceable

“Thus, there is a need for a technical solution whereby an entity may participate in a transaction where transaction details may be posted publicly to ensure accountability and trust in the data, while still providing anonymity and inability of others to track individual transactions or volume information by transaction party identifying information of both parties of a transaction to satisfy the confidentiality needs of each entity involved in the transaction.”

The idea is that the private information is verified privately and only the hash value is published, along with public data.   We have a common name for this, signing up and qualifying for a service, OK?  We been talking about this and prequals for years, decades, since the beginning of time.  There is no useful patent here, we just keep doing what we always done.

What religious affiliation?

WASHINGTON - The US Supreme Court has upheld a ban by President Donald Trump on travel to the US from seven countries: North Korea, Syria, Iran, Yemen, Libya, Somalia and Venezuela.

Tell that idiot Sotomayor that we are not discriminating against muslims from North Korea and Venezuela.   Somalia is mixed Christian, Muslim and secular.  Iran and Syria are non Sunni muslims, not the real kind, and also have an assortment of other religions.  If dumping islamic nutcases were the issue, then Saudi Arabia would be on the list, it is not.

Sotomayor is full of shit.  Trump don't like muslims, neither do I, but that does not give Sotomayor the choice of which laws to accept or reject. Obama and Holder favored blacks, but Obamacare was still ruled legal.  Suggest Sotomayor get brain or shut up, she causes more problems for her side, like Maxine and Nancy.

Uber deliveries

Amazon rolls out its UPS killer and promises massive profits up to $300,000 to anyone who wants to help

We went through this many times.  Jeff's job is to read my blog than announce the new services.  The rest  of us make the new service a pit stop on the swapnet so that any retailer can use it, we open source it. It is slightly tricky because we need many bidding pits to segment the delivery regions.  The geeks know how to do this.

Here is the American economy

The graph from Barry Ritholtz.

The R squared is 44%, or 44% of the non-participation is due to drug addiction.   There is overlap as a lot of these addicts are also meth addicted. 


The cost to even have a chance at cure is about 50k per addict in rehab and life rebuilding.  The solution is to let them die young and replacethem with wealthy overseas immigrant.

Just like the Obamacare tax

Until now, 22 states had in place a so-called “fair share” provision, which required people represented by unions who did not choose to be members of these unions to pay fees to cover the cost of the unions’ collective bargaining activities. 

I do believe state legislatures are allowed to tax workers.  I have personal evidence of the fact. 

Are state legislatures allowed to provide funds to unions?  Absolutely, just like Obamacare taxes the workers give the money to health services.  Unions no different, Calizuela can easily defeat this with a union tax.

What the law specifies is a Due Process for appeal if the tax is applied unfairly.  But we have that already with the income tax. So the state takes a fixed amount of worker tax, and by  law subsidizes collective bargaining. The fees have to pass through a government agency and be re-distributed.

Lower the IOER and buy government debt

The Fed Has Enough Room to Combat the Next Crisis

Pump up the seigniorage stream back to congress. But that is like a bond tax, flows will go back overseas to EMs, escaping the tax.

Fiat to crypto wallets

Cryptocurrency to Fiat Transactions Remain High in the Philippines

The wallets end to be coin specific, but not always.  From the wallet everything should be available via swapnet.

True, but it can be applied as a tax

Forcing non-members to pay these fees to unions whose views they may oppose violates their rights to free speech and free association under the U.S. Constitution’s First Amendment, the court said in the ruling authored by Justice Samuel Alito.

California has a regulation, passed by law. Thus, like Obamacare fees, it is a tax on labor and a subsidy to unions, by law. Perfectly as legal as obamacare and protected therefore by states rights. 

So, I change my mind a bit.  It is sometimes a violation of a reserved right unless sanctioned by state law.

Finite blockchain use case

A local group of tow truck operators agree to post their next four hour schedule on blockchain, deleting the schedule passed.  Call it four hour tow, guaranteed. The liquidity of any tow operator is visible for the finite schedule.

Stoking calizuela secessionism

Supreme Court Hands Unions Huge Financial Blow

Really taxes by unelected officials. Where is the commerce clause?  

So I am voting this a wrong decision.  Taxes applied by state regulation on public sector workers is a states rights, though unfair.  The state can tax barbers, with a barber's license.  It taxes businesses quite arbitrarily.

The rights issue is a factor when it is not backed by by elected official law.  Calizuela can legislate union taxes, and they will.

Xi Ping Pong Pooh Panic

Leaked Note By Chinese Think Tank Warns Of Potential "Financial Panic"

Oil, up three points?

Something with the Ruskie, Saudi agreement and/or a FX exchange shift. This is a fracker's delight.

Question for the millennial socialist

Crowley - the 56-year-old Chairman of the House Democratic caucus had long been viewed as a potential House Speaker, and has been a staple in New York City politics as chairman of the Queens County Democratic Party. His loss to insurgent candidate Ocasio-Cortez, his first primary challenge in 14 years, is a major upset to establishment Democrats trying to cobble together a "blue wave" of progressive support to combat Republicans in the upcoming midterms. Instead, it looks like Democrats are as fractured as ever. 

Does a millennial socialist agree to pay interest charges on all the debt run up by millennial Trumpsters?  The first 4% of GDP goes to federal interest charges, the next 15% go to entitlements.  Where does the socialism start because what is left is what California uses, and socialists in California are a different party.

Good point

A Chinese official said the U.S. should do more to cut its domestic demand for opioids - to then prevent the use of synthetic drug fentanyl.

How could a new user be unaware of the danger?  As young kids they walk into confused parties, in a moment of anxiety, get talked unto a disaster.  Parents need track the environment.

Calizuela, here we come

Rural Mexican Town's Entire Police Force Arrested After Mayoral Candidate Assassinated

Spectre and the old processors

It seems to me, and I have stated this before, sandboxers do not care what other asynchronously do in the instruction cache.  Sandboxers secure the core, are spectre compatible among themselves. We should b able to meet the spectre spec within the applications, as long as we have a kernel function to run secret keys.  All we need is a kernel memory observable only by the kernel function.

Global camptown

Even in the case of genuine refugees – of which the world has some 62 million at the moment – it’s clear that the the welcome mat has grown thin. The reality is that the post-Cold-War paradigm doesn’t work any more. The 1951 Refugee Convention “was never designed for huge masses of people outside of the West,” writes political scientist Ivan Krastev in his penetrating book, After Europe. His message: Don’t blame the far-right fringes for Europe’s discontent. Blame the oblivious elites. “The inability and unwillingness of the liberal elites to discuss migration and contend with its consequences, and the insistence that existing policies are always positive sum (i.e., win-win), are what make liberalism for so many symbolic with hypocrisy,” he writes.

At a thousand per boat, 300 trips,then we can fill in the LA camptown scene, make is a hopping place to have cheap, tax free and comfortable housing.  Parking lots are hardly full. The LA medical center stands ready with its booming free medical care business.

Sotomayor back to nutty

At issue in the case, Trump v. Hawaii, were two main questions: whether Trump has the authority under federal immigration law to implement such travel restrictions and whether the travel ban violates the Constitution's establishment clause, which prohibits the government from favoring one religion over another.

The immigration law gives Trump the authority, sorry, get Congress to change the law.  Whether a country is predominantly islamic is no tan issue, that issue over ruled by Congressional law granting the permission. 

Sotomayor has always mis-understood the basics of English law, it is not 'make shit up', that is Spanish law. We might note in passing that these nations are outlawed specifically because they kick out dingbat Puerto Rican women of christian descent.

Why isn't Saudi Arabia on the list?


Saudis are the ones who attacked us. The answer is simple, The Bush kids and Kirshner kids plan to attack us again, with Saudi help.

Dean wants my shoe standard

Measuring the Inflation Rate: Is Housing Different? 

Analyses of inflation typically focus on the core Consumer Price Index (CPI) or Personal Consumption Expenditure Deflator (PCE), both of which exclude food and energy prices. The reason for excluding food and energy prices is that both are subject to large and erratic fluctuations, which are driven by factors not related to the overall economy. If Federal Reserve Board (Fed) policy targeted an inflation rate that included these factors, it could result in rapid interest hikes to stem inflation, even though the real cause was bad weather driving up food prices or a temporary loss of oil from a major producer — not an overheated economy. In this case, the rate hikes would both have little impact on the actual cause of rising inflation, and would needlessly slow down the economy and keep workers from getting jobs.This paper argues that the Fed should also consider removing the shelter component from the core inflation indexes it uses in assessing the state of the economy.

Dean wants a non volatile measure of what the average folks on the street are spending.  We buy shoes on a regular basis, and being shoed is a fundamental purchase that happens on regular intervals,and is never neglected in our budget.

The Fed maintains a balance between the standard median shoe bill and the shoe index. All other prices are in terms of shoe. A nice used car might cost 400 pairs of shoes.

a bit harder than Scott thinks

I like reading this sort of paper, because it reminds me that history is moving in the direction of market monetarism.  There is no stable equilibrium where the monetary policy regime does not result in the financial markets expecting steady growth in NGDP.  

NGDP targeting of the forecast is easy, setting the forecast is a bit harder.

The currency banker executes, by contract, bets that NGDP grows at a particular rate referenced to time. But then the ledger reports NGDP at a regular interval and the bet becomes a sure thing, bets pile up so the currency banker needs to charge congestion fees. It is still doable as long as the natural NGDP growth remains stable at 3%, or it holds to something close.

But there is no need to be synchronous because there is no need to collect data, expected NGDP growth is right there, at the currency issuer, in loans to deposits, the active queues.    The currency issuing function gets first peek at these two stacks, and it can be asynchronous, settling the bets at any instance, with an interest charge, when it can do so with minimal currency risk.  In other words, asynchronously, there is no advantage in insider information from the data collector,  we are skipping the data collection loop. No one trader has a better look at the tradebook, and the pit boss is a half step ahead. 

The advantage of a time synchronous data collector is that we get an extra layer, central bank term insurance.  Not necessarily a bad idea,but I always had that function up in the smart layer. Remember, insuring time generally falls on government as part of currency insurance.  A bad but workable idea.

Normal persians revolt against deranged, imported religion

Here we see regular persian folks burning up one of the bearded islamic nutcases who steal from persian traders.

We have already gone full Zuela anyway

San Jose City Council members leave GOP over Trump treatment of immigrant families

Gavin will be governor, we get Gray Davis on steroids, business is already leaving.  

The same nuts who are taking over almost convinced San Jose officials to condemn the founder who named the placed. So he system i on full contradiction, politicians can no longer tell the true liberal from the bribed.

Dead cat bounce day

What is a dead cat bounce? A Gibbs effect, a sidelobe of the system that was under sampled yesterday. We can talk sidelobes, and how do sidelobes get quantized? When the pension managers sell the sidelobe peak, it is an oversampling, the pension managers know that we have a sidelobe coming, they can hide in wait, then pounce after the weakest central bank does the POMO.  But share of index space reduced, market power reduced. The sidelobes oversampled, this is how god makes quarks and creates the gluon effect, despondent pension managers.

In other words, the quarks buy high and sell low twice. The way I trade, but the gluon process is slightly faster and balances the buys and sells, keep the three quarks matched and stable.

Senators fund the holocaust

Opioids, the Quiet Killer

That is what I saw in the first few paragraphs.  Senators make sure enough dangerous, synthetic opioid is produced to kill off white trash and hispanics, basically culling the entitlement slave camptowns.  Very efficient, camptowns, great for genocide.

Read my blog

PwC Shutters DeNovo, Its ‘Fintech Insights’ Platform

Denovo was an AI agent watcvhing yhe Fintech trade press for trends.

At this point in sandbox development, a blog like mine will out perform any AI.  I am designed that way, the AI cannot see a censored blog.

A post on money

A post on money, I simplify it.

State money is not debt

State money buys off the local tax collector and the posse. The monopoly tax power of the stateis accounted for as an abstract ATM fee, amonopoly fee to guv, a tax. The fee should have a futures market, it doesn't/

Bank deposits are ‘hybrid’ liabilities 

Bank deposits are coins left at the bank to earn money during the pricing of insider information.  It is a bet against loans which are cash in advance.  Deposits in advance, loans in advance; the market maker suffer matching risk, market uncertainty known.

If the banker is a currency issuer it may have a positive, or negative, issuance function, bettable. 

Cryptocurrencies are always equity of the issuers 

Crypto means 'technology using digital abgebraics to protect information' .  Currency means bearer asset coin, in this case digital, not paper not stone or dried mud slate.

We have no cryptocurrencies at the moment, we have crypto wallets. What we call cryptocurrency is a misnomer for 'spot on the public ledger', and that is a valuable definition and a valuable thing to own, when transactions costs approach zero.

Important implications

No much, a complete changeover of money to a no arbitrage cash network saves about 1% in ATM fees, not bad.  But government still  fucks up, slightly less badly, now and then.

Someone agrees with me

Biometric sensor-on-card solutions, where a fingerprint sensor is built into a standard EMV card, “represent an important step forward for the finance industry, opening the way to eliminating fraud for issuers and cardholders, reducing costs and providing the additional security and identity verification required to support remote or cross-border transactions,” the authors of a new white paper conclude.

“Sensor-on-card functionality binds the card to one specific person, removing the possibility of contactless fraud, or transferring or delegating card usage; making the card truly personal and truly secure,” the authors say.“Crucially, as the function is integrated on the card and completely local, there are minimal infrastructure costs.” 

‘Biometrics in payment: Breaking down barriers with high value payments’ provides an overview of the current state of the market, details how biometrics can work with a smart payment card and explores how biometrics could improve customer service by lifting contactless card transaction limits.

That would be NFC World, a trade group promoting near field communications.    The market confirms, smart cash cards which can deliver power of attorney and avoid double spending or other fraud.

We get a Mexifornia

Mexico gets a massive cash influx in remittances, American corporations get cheap labor, Democrats get voters . .

We get Mexican style failed state in California, rife with bribes, already happening.  There has been a defacto plot for some ten years, run  on Mexican language radio everywhere.  Bribery and the cover of political correctness opens our door, the enemy  is allowed use of chemical weapons, wiping out neighborhoods as they choose.  This is about Mexico failing,and taking California with it. 

Thuis harks back in the history of the Republic out here, the Franciscans, the modern colonialists, were not friends of Old Mexico.  If we are lucky, Old California will reassert itself.

They are not complicated machines

Trump Warns "Beginning Of The End" For Harley: "They Surrendered, They Quit!"

The Hog riders take their machine apart and put them together on a lazy Sunday afternoon around here.  A good production managers could easily set up assembly outside of camptown, pay 5$ an hour, and use a regular set of campers.  Most of the workers would stay in camptown, it's a tax free environment,  deposit most of the earnings. Soros and company runs camptown takes a tiny profit.Government completely out of the loop.

US dollar as reserve currency

Asset markets in advanced economies have become more integrated than ever before in the history of modern finance. This is especially true for global equities starting in the 1990s. This column argues that this increase in synchronisation is primarily driven by fluctuations in risk appetite rather than in risk-free rates, or in dividends. US monetary policy plays a major role in explaining such fluctuations, and this transmission channel affects economies with both fixed and floating exchange rates, although the effects are more muted in floating rate regimes

Now, the ten year yield suppressed in the flight from EMs.

Pissing off the elites

California’s gas tax repeal is now officially headed to a ballot near you

Government controls

slavery was profitable to slaveholders but it kept the region underdeveloped

A kind of price fixing effect. The slave was limited to large plantations and mass ag labor.   So those slaves good at wheelrights, carpenters, or mechanics were under utilized,except where the skill is resold.   But shrewed slave owners could get the skilled, put hem intothe barn and resell their skills, as hidden information, trapped by government edict.

Xi Ping Pong Pooh

With the market tumbling today on worries that the tit-for-tat trade war escalation between the US and China is now "irreversible", the WSJ just poured gas on the fire with a report that China President Xi Jinping is responding to the Trump administration’s trade-clash escalations "with a bare-knuckle approach that makes a bruising fight more likely.

Militia wars

READY TO RUMBLE!MAXINE CALLS IN THE MOBTRUMP AIDES URGED TO GET GUNS

Leads to default.  Who is paying the 4% gdp in interest costs? That issue is root cause.

Ratios and structured queues

In the pits we are dealing with structured queues,queues whose structures are homomorphic, they have the same shape but are scaled one relative to the other.  So the sandbox pits are all about structuring the bid and ask queues such that queue structureshave the same shape.  This happens after the pit boss adds in the adjustments to the queues to get them shaped.  The pit boss is accumulating marginal gains and losses to get the match between bids and asks.

My visualization of this is quite direct, the check out counter at an imaginary grocery store. The pit boss is a runt time 'wencoder' encoding the typical number of items in a basket for each checkout clerk.  The instructions of the pit boss is to alter the number of items each clerk handles, the 5 items or lass, 5-7 items, 8 and above, and so on.  Each customer having the range of items is sent to the specific checkout clerk, and the goal is to keep all queue equal length.

The two queues being that arrival of clerks and customers independently.  When the two queues are 'matched' (each individual queues is equal and stable),  then we can compute a stable customers/clerks ratio.

Consider the hyperbolic system as a relationship between queuing processes, var(C)-var(s) = unit variance.   This is the grocery store equation,. it is the condition we just specified, the queues are stable.  The pit boss function is a random process that marginally allocates sample space, it literally changes the number of samples (things in the basket), it is a process that packs an integer, and bound index space.

So, the tanh ratio is a ratio of deviations, and is should be valid to apply the differential conditions, namely that elasticity is always greatest then there are about 1.5 ask then bid.  This result arrives because there is a maximum in the second differential.  Unsurprisingly, the maximum involves Phi, the golden ratio. And we can hand wave that connection, or search prior posts.

But, this came up again because of this post:

Elasticities and the Inverse Hyperbolic Sine Transformation

He talks about using Arcsinh functions, functions that take us to index space for reasons having to  do with the  rational approximation theorem, and the inverse hyperbolic solution  to the diophantine equations,which are restrictions on integer index space.

In conclusion, Marc has a time series relation:

y = a + x + error

The typical shotastice ergodic process.   We need to treat x and y as random functions and do ratios with them, they are arrival processes, structure the entire data set such that they are guassian arrivals and departures entering the checkout counters.  Then taking the arcsinh makes a whole lot of sense, it is exactly what the pit boss does.

Arc functions

I define these are the class of operators taking a system to index space.  Antilog log, arcsinh both examples.  Taking the log of prices, for example, implicitly means there is an index space allocated to this pricer, the pricer exists in a value chain, a structured queue. The pricers are allocated trade space according to the significance of the price posted.

An up then down process

"This was not supposed to happen. Markets were supposed to be more liquid thanks to ample central bank accommodation and the electronification of financial markets. But it may well be these forces that have resulted in the fragility of market liquidity."

We gave the EMs low rates on the reserve currency, then discovered that taxpayers had no intention of paying the debt, so rates suddenly jumped.  The left the EMs holding the bag, for now, but the devaluation phase is arriving at the US border and we gonna have camptown time. 

On a life cycle basis, cars are more energy efficient

Zero-emission train from San Bernardino to Redlands would be first in North America

Here we have another of the liar environmentalists from California.  The idea to to burn gasoline on a life time basis, end to end, such that the globe warms up and LA is flooded.  At least I think the environmentalists are doing that, but their math skills are so poor who knows?

Markets doing the bear

Indices down almost two points.

Too late, Maxine

"If you see anybody from that Cabinet — in a restaurant, in a department store, at a gasoline station — you get out and you create a crowd. And you push back on them. And you tell them they’re not welcome anymore, anywhere,” implored California Democratic Rep. Maxine Waters at a Saturday rally, prompting an immediate conservative backlash on social media.

Us Rednecks already been kicked out of all the LBTGTGIF establishments.  In my Fresno home town, the gay crowd don't like to be around us, so we shove them off to a corner and feed hem meth.  They lives are now permanently fucked.

Suggest the isolationists are losing the battle, driving themselves into ghettos by their own idiocy.  Same with Blacks, as you know maxine.  Lillywhites do not like being targeted by racism from the black crowd, so we send them off to the corner of town and feed them opioids.

Cross the boeder

"By Securing The Border, Trump Is Threatening Money-Flow For Lots Of Connected Interests"

Like we did in Syria, go into the northern Mexico, seize space for camptown. In a state of mulitia war, borders don't matter.

Learning about add and subtract

• $24.3 Million in the Red, Sacramento City Unified District Cuts Its Newly Launched Summer Program (Julia Sclafani / Sacramento Bee)

From Seattle to Sacramento, city council  people discover that adding and subtracting is part of the job.

When EMs devalue

This may look like a return of popular protest in Iran, but in truth those demonstrations haven’t entirely stopped. Until recently, though, they mostly stayed out of Tehran. Over the last several days, demonstrations at retailers grew into a massive rally that closed down the city’s Grand Bazaar and then marched on Iran’s parliament.

No apology needed

"It’s really hard to say this but, I didn’t mean what they think I meant," Barr said of her tweet. "And that’s what’s so painful. But I have to face that it hurt people. When you hurt people, even unwillingly, there’s no excuse. I don’t want to run off and blather on with excuses. But I apologize to anyone who thought, or felt offended and who thought that I meant something that I, in fact, did not mean. It was my own ignorance, and there’s no excuse for that ignorance."

Welcome to Big Brother land.  Have no fear, we are soon to take down the fascists who attacked you, starting with the asshole ABC CEO who fired you.  At least we attack the fascists at ABC and leave the jews alone, they had nothing to do with it.

No one us sure we can have a small recession

Bill Maher: "A Recession Is A Survivable Event, What Trump Is Doing To This Country Is Not"

Can we survive a default? Absolutely, we have them once a generation.  But we are going to have a lot of camptown as voters discover the money is gone.  We're not sure Calizuela can stay in the union after a default, this is the main concern.  Illinois is a goner.  Just a horrid discovery among millennials that they are now running up the debt, they cannot blame it on boomers.  They were supposed to figure this out before the default. Now the millennials are stuck with camptown, the houses go to overseas wealthy immigrants.

Expensive camptowns

Kevin grasping at straws 

The best solution is Permanent Supportive Housing, which works better than most people realize. This typically takes the form of small clusters of apartments managed by caseworkers.

Why does Orange County have so few homeless?

Of all the issues identified as roadblocks to siting PSH within Orange County cities, one of the most challenging is resident opposition to placing any type of housing for the homeless within their neighborhoods….

The difference between Orange Count and LA is that LA has invited them to come stay, Orange county did not.  

Thus Orange county has fewer homeless to worry about, and that is the policy that working. 

The Orange County solution has enough caseworkers, with pensions to manage an apartment complex, including babysitting the dysfunctional.  If that is the best, then why not build tent cities?   The idea that the grand jury knows this problem is horseshit.  The drug problems will kill the deal.

Italian immigrants on the way to France

Italian officials are digging their heels in over EU migration after League leader and Interior Minister Matteo Salvini branded French President Emmanuel Macron "arrogant" for trying to downplay Europe's migration crisis, while Italian Deputy Prime Minister Luigi Di Maio said that Macron risks making France Italy's "number one enemy on this emergency" in a Saturday Facebook post.

Treat Paris like we treat LA. We send them straight to LA, the mayor there announced he wants more and more immigrants to fill his empty camptowns. 

The interest charges will kill the economy

Trump's 'Space Force' could fuel a new $1 trillion economy, Morgan Stanley says

Morgan Stanley is lying, trying to get morem investors.  The problem is that the interest charges alone will be another trillion, even before we start handing money out to Texas welfare bums.

Morgan Stanley's clients are not that stupid.

Hillary and the nanny foreign policy

Be it next week or the end of this year, we are looking at unprecedented change in European politics thanks to Merkel’s insistence on taking in millions of Syrian and North African refugees from chaos unleashed by aggressive and insane foreign policy actions by the U.S. and supported by the EU.

Hillary in her stupidity thought the CIA could rewform the middle east.  What a load of idiocy that turned out to be.  umping Hillary was likely a good idea.