AOC pictured dining maskless in Miami Beach as Omicron cases soar
Friday, December 31, 2021
Xi Ping Pong is having problems
CHINA’S PRESIDENT XI CALLS FOR EFFORT TO ENSURE ONE COUNTRY, TWO SYSTEMS IN THE LONG RUN.
No one is going to alpha centauri
Thursday, December 30, 2021
Praise the lord, god save the king.
I hope you can show your support to NRI this season.
There, I have done my part.
Alan likely porked the little girls
The BBC was forced to apologize Thursday for bringing on attorney Alan Dershowitz to discuss Ghislaine Maxwell’s conviction — even though he faces allegations of sex abuse by a Jeffrey Epstein accuser.
Dershowitz, who previously represented Epstein in his controversial wrist-slap 2008 plea deal, used his airtime Wednesday night to blast his accuser, Virginia Roberts Giuffre, as not credible.
As did a bunch of other well knowns, like Bubba and Bill Gates.
Wednesday, December 29, 2021
My choices
Not with a 7% inflation rate and spending inefficiency at the pentagon
Just as the family budget is not really a very good model of the national economy, schoolyard rules are not normally the best guide for international relations. That being said, sometimes the best thing for a bully is giving him a bloody nose.
Kevin Williamson is delusional. No one is rebuilding shit. Just keeping our defense spending neutral is requiring a likely 10% hike in spending and we are well into our rte cycle with the one year now at .37% .
Nor is it ur business to drag the Ukraine back into NATO, as they are as corrupt as the Ruskie. Kevin needs to STF and stick to his delusional religion where fantasy is expected.
Deranged NRA Nut suffers attack of penis envy
Tuesday, December 28, 2021
Compared to the Californians, Trump is beginning to look normal
Monday, December 27, 2021
A ritual bluff
Elon Musk is a dunce
BEIJING, Dec 27 (Reuters) - Chinese citizens lashed out online against billionaire Tesla (TSLA.O) founder Elon Musk's space ambitions on Monday after China complained that its space station was forced to take evasive action to avoid collision with satellites launched by Musk's Starlink programme.
Explaining American government to California Delusionals
And the rumor is that Chicago is having a hard time covering paychecks
Sunday, December 26, 2021
The Wizard of Oz sells snake oil
Saturday, December 25, 2021
Demonstrating the limits of the log linear assumption
Menzie points this out.
What we see in this chart is hyperbolic discounting. What else we see is bad pricing functions in the Fed model, and we see the supply chain effect.
Friday, December 24, 2021
As long as he is upright and well waxed
Elon is not the only billionaire getting federal subsidies
What we do know is revenues on packages climbed $3.9 billion this year over last thanks to the pandemic-induced online shopping. But the Postal Service still lost $6.9 billion and expects to lose $160 billion over the next decade. It faces still more spending, for new trucks, mail-handling centers and equipment, and new employees, to accommodate its emphasis on packages.
And hispanics
Rick Scott and Florida school shootings
There Never Was a Republican Death Cult
She will lose every state except California and Illinois
Retiring politicians is not the retirement problem
I assume Powell is lying about the taper
Wednesday, December 22, 2021
Tuesday, December 21, 2021
Neither Putin nor the Ping Pong are trusted with CBDC
The entire problem in the government sector
Waiting for California. It leads us into recessions then drags them out. California is the bot anchor among the US states.
No amount of color-genderizing by Kamala solves this problem.
Monday, December 20, 2021
Sunday, December 19, 2021
Delusional Californians screw themselves royally
Saturday, December 18, 2021
Friday, December 17, 2021
Wednesday, December 15, 2021
boomer stampede
New York (CNN Business)One of the more insidious myths this year was that young people didn't want to work because they were getting by just fine on government aid. People had too much money, went the narrative.
Only trouble is, the numbers don't back it up.
Instead, early retirement — whether forced by the pandemic or made possible otherwise — is playing a big role in America's evolving labor market.
People have left the workforce for myriad reasons in the past two years — layoffs, health insecurity, child care needs, and any number of personal issues that arose from the disruption caused by the pandemic. But among those who have left and are not able to — or don't want to — return, the vast majority are older Americans who accelerated their retirement.
What kind of inflation did I expect?
I expected California to flounder,I did not expect the imports to jam up. But we managed to extract quite of bit of capital gains, the equities holding up better than expected.
Tuesday, December 14, 2021
Causing Paul Krugman to yap incessantly
Worker pay isn’t keeping up with inflation
Real earnings, or wage growth less inflation, turned sharply negative the last two months,
Expect public sector strikes in California.
Monday, December 13, 2021
When your son discovers you are an idiot
Kiss your BBB bye bye
They don't have the time for this
Moderate Democrats are pushing the Federal Reserve to move more aggressively towards tighter monetary policy to stamp out inflation, in a sign of their mounting concern about the political fallout from high prices.If the ems think Powell can stop inflation before the elections, then the Dems have given up on their latest stimulus. Anyway, these are the median states speaking.
Sunday, December 12, 2021
Cut the defense budget
A retired Army colonel who circulated a PowerPoint document detailing a proposal to overturn the 2020 election results claimed to have visited the White House on multiple occasions after the election and met with then-White House chief of staff Mark Meadows, according to the Washington Post.
Slim pickings
The NYT will be the first to reject any path back to normalcy
We just discovered this?
Saturday, December 11, 2021
At this point the Supremes have fouled things enormously
Why not?
If the union fails, the starting point might just be the boneheads we have put on the Supreme Court. California now has clean slate to ignore most federal rulings, no longer having to fake it. Maybe it is for the better, maybe that was the plot all along.
Reverse psychology? Or maybe a brain tumor?
They bought Amazon smart milk machines
Coup plot number nine fizzles
Despite winning the former president’s endorsement early on, Budd has so far failed to become the runaway favorite in the GOP primary and has regularly trailed his chief rival, former Gov. Pat McCrory, in polling.
Friday, December 10, 2021
Tricky issue
I heard the drug was a scam?
He means repub welfare bums doing oil deals with the Saudis
I am voting for the president who is eager to see Hillary punished
Latin American wannabe be tin horn welfare bum dictator
Biden’s cash fuels DeSantis' budget wishlist
The governor wants to use $3.5 billion from Biden's American Rescue Plan to help fund his budget.
Florida voters. Either they want mass killers like Rick Scott or welfare bums for governor.
Thursday, December 9, 2021
Wait a minute. Didn't he just round up 14 of his welfare bum pals to vote for a debt increase?
McConnell Won't Block Debt Ceiling Increase, Says He Wants Democrats To 'Proudly Own It'
Yes, indeed. Just after the big government repubs passed a whopper of a budget, old McConnell went a hunting for at least some of the same welfare bums to increase my tax payer debt payments and send the economy into a tail spin.
Find me a time when the repubs did not run up the debt. You can go all the way back to Reagan, each and everyone of these welfare bum repub presidents had no other desire then to drive up spending to mammoth highs and run up the debt. It is in their platform, I think, article 1:
'Spend like nutcases and drive up the debt'
Spent my youth in that river
In Bakersfield, many push for bringing back the flow of the long-dry Kern River
Grew up in the town, moved to Fresno later. The usual activity was an inner tube and a six pack for the float.
Impossible, I am from California
14 welfare bums actually agree to pay for the massive spending plans
The mayor of Chicago cannot afford public sector cops any more
Wednesday, December 8, 2021
Socialist welfare bum
Delusional Californians made him do this, mostly Kamala
Why Did Biden Nominate Saule Omarova in the First Place?
Biden is stuck with a lot of contradictions mainly due to the absolute ignorance of California Teachers Union, who own and operate the Biden.
Schizo dufas in charge
Twitter Un-Nukes Ghislaine Maxwell Trial Tracker Account Following Outrage
The new CEO is ring to manage our thoughts. Good luck with that.
We are done with that
Bizarre crap
(Bloomberg) -- The outage at Amazon.com Inc.’s cloud-computing arm left thousands of people in the U.S. without working fridges, roombas and doorbells, highlighting just how reliant people have become on the company as the Internet of Things proliferates across homes.
Literally, when Jeff sells a smart toilet, we can only crap when Jeff gives us permission.
Almost back to normal with oil and the ten year
Oil at 72 and the bond at 1.5%. Near the standard position. Oil should be closer to 75, the ten year closer to 1.6. But the jumping around here has slowly moves the equilibrium as inflation in Texas takes hold.
And the city fired a bunch of firemen
We mostly agree the Fed dunnit
Billionaires increased their share of global wealth more in 2020 than any year on record
At this point we can mostly blame Bernanke and the foul idea of QE. Given that QE is an unconstitutional right to tax arbitrarily, then the Shay's Rebellion is quite justified.
Tuesday, December 7, 2021
Horse manure
Repubs agree to massive government spending binge
Senate leaders seem to have found a path forward to avoid a debt cliff without Republican votes.
We already know the result.
Monday, December 6, 2021
More drone
Kamikaze drones: A new weapon brings power and peril to the U.S. military
Some experts believe the spread of low-cost, light-weight "killer" drones will change ground warfare as profoundly as the machine gun did.
And makes life uncertain for ex presidents who take pride in using them.
Color-genderizing is not a skill
JPM and GS have been spoofing the market
Sunday, December 5, 2021
More intelligent Islamonuts would be nice
California delusionals learning how our government sector works
Heart be still, but America is in the early stages of what could be a major political shift. On issue after issue, from soaring crime to inflation to critical race theory, Democrats and the far left are being forced to play defense because their radical policies are failing.
Biden got stuck with funding from the California public sector. And that philosophy does not work in the Swamp. Now we waste a lot of time waiting for them to figure it out.
Saturday, December 4, 2021
Whoops
As concern over the omicron variant mounts in California — with the state’s second case confirmed Thursday in Los Angeles County — another public health crisis is lurking in plain sight: the drug epidemic.
A jaw-dropping report released Wednesday by the UCLA Luskin Institute on Inequality and Democracy found that nearly 1,500 people, the vast majority believed to be homeless, died on the streets of Los Angeles during the pandemic — 40% because of a drug or alcohol overdose. The staggering number is almost certainly an undercount, experts say.
Friday, December 3, 2021
California does not do infrastructure
The proposal calls for purchasing 77 parcels that Caltrans had purchased for a project to extend the 710 Freeway. That project had been formally canceled in 2018, after decades of opposition from the community, with many of the properties remaining unoccupied for years.
Now it is a fact, California mainly makes pension payments. California is stuck, and that makes the Swamp stuck, we will have sudden stop. Probably a good idea, just stop and regime change in the government sector.
Whoops
Bitcoin Plunges Over 20% in Another Sign of Global Market Nerves
A dash to the safety of ten year Treasuries, now yielding 1.34%.
Tin horn wannabe Latin American dictator
Pot, kettle, black
And Rick Scott charged in the Florida high school massacre
Thursday, December 2, 2021
nice green day in the markets.
It was fun, and Texas and the petros took a beating. FX hedges safe.
The one year treasury market is active, and ten basis above IOR The government interest costs up a few points in the budget. This looks deflationary from the oil price perspective. OPEC+ is the temporary winner. But those earned dollars get only 1.45% long term.
Split government, I like it
WASHINGTON - The House passed a bill Thursday to fund the government through Feb. 18 as Congress tries to stave off a shutdown that could happen Friday if lawmakers don’t act.
Along with spending blocks, deadlocks, delays in the Swamp. I want a frozen Supreme court, and a Fed that can keep Fedwire costs to a minimum. I want revenue sharing for what is left. Quit trying to do stuff back there.
My favorite leftest
AOC’s Ugly Delegitimization of SCOTUS
Sung to the tune of
Powell's Wild Ride:
Taper, taper, taper
Stop the money vapor
Have no curve inverting
Rate hike!
Spoof about, squirm a lot, then I shout
Rate hike!
Hoping that Yellen's by my side
Self defense is well enshrined
Wednesday, December 1, 2021
Got my vote
Sen. Marco Rubio (R-Fla.) on Wednesday night blocked a quick deal for votes on amendments to a sweeping defense policy bill, the latest setback for hopes of passing the legislation this week.I liked blocked spending, the best kind.
A family of NRA nuts
Markets down 1.5%
Oil still at 66, ten yer yield dives few basis to 1.42.
We are still dashing to safety. How soon before Powell goes Untaper?
Pot, Kettle Black
Peter Morici is clueless. Give the repubs an inch and the spending goes up a mile.
Tuesday, November 30, 2021
Self defense you idiot
But the problem with this position is that it’s hard to identify exactly what property is supposed to do the work of excluding the unborn from the ranks of humans whom it is wrong to killROSS DOUTHAT, one of the welfare bums at NRO making up law.
Monday, November 29, 2021
Republicans will get my vote if they keep this up
Senate Republicans on Monday blocked a mammoth defense policy bill, throwing the legislation into limbo as Congress heads into a packed year-end schedule.
The Senate voted 45-51 to start winding down debate on the National Defense Authorization Act (NDAA), which sets spending levels and policy for the Pentagon. But that is short of the 60 votes needed to overcome the hurdle.
But they eventually will hear whining from the welfare bums at NRO.
Something broke at Microsoft
Taper tantrum of sorts
A mass exodus from bets on higher rates appears to have accelerated Friday’s explosive Treasury-market rally during a holiday-shortened session.
In eurodollar futures -- an analog of the Treasury yield curve -- early positioning data show there was wholesale dumping as initial reports about the omicron coronavirus variant threatened to knock down expectations for multiple Federal Reserve rate hikes next year. Staggering declines in open interest across a range of contracts in CME Group’s preliminary data suggest that exits from hawkish Fed bets helped fuel the extreme gains.
As soon as Powell planned a fake Taper, the forces of Untaper have gathered, from Janet on down to the public sector janitor to the retail trader. The whole taper nonsense might boil down to a simple dodge and weave to save face at the Fed.
Sunday, November 28, 2021
California Delusionals in the Swamp taking a pot shot at Jerry Brown's 'reform'
We just learned that the U.S. Department of Labor has denied California $12 billion in transit funding, including grants from the recently signed infrastructure bill. The reason? A 1964 federal law requires the labor department to certify that the state agencies seeking any mass-transit grants are "protecting the interests of any affected employees," The Fresno Bee reported.
So, the Biden administration is claiming that California—the state that provides its public employees with unparalleled pay and pension benefits, and provides collective-bargaining rights unheard of anywhere else—is being mean to its "affected" public employees because the state passed a 2013 law, authored by Democrats, that infinitesimally reined in pension benefits.
The ultimate goal of the Delusionals is to convert BBB into a cash stimulus that goes directly to public sector pensions and wages. There is a long standing battle for tax base, and this is just another way to get cash to the Cal teachers, mostly.
Saturday, November 27, 2021
Because it is not where we vote.
Hillary hires gatekeeper
Hillary Bemoans Lack Of Media "Gatekeepers" And Spread Of "Disinformation"
The one on the left will be in charge of watching my blog.
Joe has mixed messages
Friday, November 26, 2021
Thursday, November 25, 2021
Whoops
How online shopping is polluting California’s Inland Empire
In California’s Inland Empire, dozens of mega-warehouses for Amazon, UPS and other companies are choking the cities with traffic and air pollution. Some argue that the jobs warehouses provide aren’t worth the cost, while others say it’s online shopping that’s the real problem.
This was my first thought during the 2008 oil shock.
Carbon taxes cause more government spending
The politics of carbon taxes versus clean energy subsidies
Government spending makes the CO2 issue worse, not better. Subsidies are equally useless, causing more CO2 emission.
Wednesday, November 24, 2021
A public hanging is in order
Not just liberals, but every group from Marxists to anarchists be celebrating. The only group not celebrating are the Tumpsters.
Mostly for believing in econs ignorant of supply chains
The quid pro quo for Nancy's next stimulus
Better headline for this
Tuesday, November 23, 2021
Oil now near 80 and the ten year at 1.68
This is taper fouling the petrobanks.
There may be no way out of the cul de sac I was always looking for the break point, is this it? I dunno, wait a few days. Look at housing, usually an early indicator.
Monday, November 22, 2021
McCarthy at NRO has some horse manure
There was an indefensible assumption at the root of Ahmaud Arbery’s killing in a quiet coastal Georgia town. Contrary to everything you’ve read and heard in the mainstream media, it was not a racial assumption. It was a legalassumption.
Contrary to his after the fact assertions the two boneheads we racist pricks committing cold blooded murder.
The NRO gas no justification for existing.
Sunday, November 21, 2021
Her come COLAs here comee COLAs
Fresno County workers say they live ‘paycheck to paycheck,’ receive public benefits
Coming right down CLA lane
CALPRs and 20 other unions and all pulling on the reins
Saturday, November 20, 2021
Give them their money
Friday, November 19, 2021
Oil is now 76
That is too fast. This is starting to look like the dash for cash.
We cannot have a dash for cash when taper is on tap. We are catching the Fed in a reverse twirl spin about, a banking term for our of whack.
Oil down below 78, ten year drops to 1.55
The dollar must be happy! This is oil. This is Texas delivering the stuff down that simple pipe to Texas ports. The rising dollar makes imports cheaper. But there is a major disconnect in finding the loop. The Swamp needs taxes, and the banks are getting taper. That is a point of Fed remits, and the Swamp plan sto give their SALT tax back to blue states, another point.
Now suddenly, we are screwed, interest expense is back to four points of GDP. And all this just in time for some major COLA adjustments of five to six points.
Thursday, November 18, 2021
All I want is a pulse from the guy
Nancy is grabbing the tax base for California
Tuesday, November 16, 2021
Our aging Yippie isn't 'rueing' anyone
Isn't he one of the monsters from Ghostbusters?
Monday, November 15, 2021
Looking normal
Oil is back to 81, the ten year yield at 1.6 and dollar stable, a bit up.
Like the petrobanks are back in control. The Saudis can deal with that price.
No Kamala, no Cal teachers money for Joe
Friday, November 12, 2021
Keep cutting the defense budget until Assange is free
Wednesday, November 10, 2021
Petro banking is not working
The dollar should be down if the anti-correlation is valid.
Oil production in Texas should be higher and it is likely domestic inflation that raises the cost of oil production.
We will either become an oil nation or go bust trying.
Liz Warren wants to ban oil exports
“As the United States works to boost the development of clean and renewable energy over the long-term, we must ensure that Americans are able to afford to fill up their cars at the pump in the meantime,” said the letter, which was signed by climate hawks such as Elizabeth Warren of Massachusetts and Green New Deal author Ed Markey.
She is very ignorant.
They agreed to fake it
Tuesday, November 9, 2021
Try, hang and convict
Speaker Nancy Pelosi (D-Calif.) is calling for a series of investigations into Rep. Paul Gosar after the Arizona Republican took to Twitter this week to advertise violence against Rep. Alexandria Ocasio-Cortez (D-N.Y.) and President Biden.
Threatening my favorite leftist with violence.
Stupid fuck repubs.
Good enough election for Central America
The Biden administration is threatening to take action against Nicaragua over the election held on Sunday which resulted in Nicaraguan President Daniel Ortega securing a fourth term.
President Biden and Secretary of State Antony Blinken both released statements declaring the election a "sham" and threatening new sanctions. "What Nicaraguan President Daniel Ortega and his wife, Vice President Rosario Murillo, orchestrated today was a pantomime election that was neither free nor fair, and most certainly not democratic," the White House statement said.
I might add that we are not totally a proportional democracy, but mostly a republic.