Sunday, January 31, 2021

From the beginning

The Whiskey Rebellion (also known as the Whiskey Insurrection) was a tax protest in the United States beginning in 1791 and ending in 1794 during the presidency of George Washington, ultimately under the command of American Revolutionary war veteran Major James McFarlane. The so-called "whiskey tax" was the first tax imposed on a domestic product by the newly formed federal government. Beer was difficult to transport and spoiled more easily than rum and whiskey.

Look it up in wiki.

This is the first of many times the existential threat of Swamp taxes  caused rebellion. It is happening now, and finance knows it, central bank knows it. And your traditional Godotist is in denial.

The center of government

Some Red States Welcome Increased Federal Role In Biden Vaccine Rollout
Arkanas Gov. Asa Hutchinson (R), also head of the National Governor’s Association, said he was in favor of another federal aid package when asked about it on CNN Thursday.

“In terms of the vaccinations, yes, We want federal help in terms of vaccine administration,” Hutchinson said. “We’re in a good position, but we can do better and that assistance will be helpful.”

Hutchinson’s remarks signal support for another bill — a different position from many Senate Republicans, who have backed away from Biden’s $1.9 trillion COVID-19 stimulus package. Eight Republican senators have suggested that they may vote for the legislation, but that the size of the bill should be pared down to garner their support.

Some Senate Republicans have pushed to cut the amount of vaccine funding in the bill from $20 billion, saying that last month’s $8.75 billion allocated for the effort covered a chunk of what was needed.

Not necessarily repub, but definitely the middle states.  They are the most liquid, they are the convergent point, they determine policy.  It is right in the charts, but ask most economists and they all think the Swamp is where it happens. 

So, we can tolerate the yapping economists who got this wrng, but right or wrong, this is where optimum policy lies, the middle states.

That would be the California delusionals

 

National Journal

Taken together, the way in which the Biden administration is getting sidetracked by issues like immigration and climate change in the first two weeks in the middle of a health and economic crisis is a political red flag. The president is trying to appease the progressive interests that backed him last November, but at the long-term cost of losing track of the promises that propelled him into office—restoring unity, getting control of the pandemic, and building on the economic recovery.

Obama suffered them, Biden will too. The alternative are the Texas Stupids.   At this point sowing down Congress seems like a good idea, the point where a little anarchism might be helpful.

Our favorite Hillbilly dingbat

She is weighing us down': Georgia GOP cringes at Marjorie Taylor Greene spectacle

The suburbs are bolting to the Dams.  Scared of their own hill country psychotics. I am beginning to wonder if Texas Stupid is spreading virus.

Parties will be running as the least worst

Republicans scramble to unify heading into next election cycle

It is a vote between California failed staters ans Texas Stupid. The California squad seems to be making a set of blunders that may last long enough for Trumpsters to cool down.

Junker fallacy, what is it?

  Junker Fallacy.

This is a law of economics: if nobody else wants that extra food, then something – either a price or an interest rate – has to adjust until someone wants it.

This can be greatly simplified. It is the assumption that we can make change, arbitrarily small, in any market trade.  We always have sufficient liquidity, eventually. This is also the ergodic assumption,  traders always search the whole deal space.

We don't do this, we have hard bounds, or sufficiently hard that transaction costs are not worth it. 

But, I digress. What we find as that pundits assume the junker fallacy then violate the assumption, so much they confuse themselves. We end up in a regulatory maize as the pundits demand laws that we slow down and search harder.  They are trying to work a statistical identity backwards.

No taxation without representation

“What concerns me more is the general anger -- and almost hate -- and the view of bringing people down that now is pervasive in almost all aspects of the country,” Dalio said. “That general desire to hurt one another,” Dalio pointed out.

It is why you have the job you have.  Your concern is that we are taxing the middle class without their consent. We are.

Earmarks are not working anymore

The Senate's Problem Isn't the Filibuster, It's a Lack of Open Debate

The debate is in the language, the language of earmarks.  This is not philosophy, it is market. The earnark does not have enough resolution to collect the 60 votes.

I suppose I could appeal to some great Godotist idea about this, but it boils down to a simple result, it is hard to make change with an ear mark so the state capitals cannot hedge the known unknown. I look no further than the Wyoming pipeline fiasco, and exact result of the market efficiency rule. Wyoming cannot sell the pipeline at a discount, i is indivisible.

Thus, the center of government, it is in those 15 -20 senate governors  from the broad middle states. Market structure tells us that, and it is a mental condition that afflicts our pundits who think the solution lies in a central executive.

The delusion causes economists to keep making the same error, assuming one type of normative utility function, then attempting to over ride the basic assumption in thier utility norm. The FCalifornians and the Trumpsters do this always, and foul up.

The partial solution is to do revenue sharing, not earmark sharing. The government wobble never can be completely eliminated, but we can certainty hedge the problem if we do integer math, not earmark math.

Jared and the fantasy

 


Biden shuts the pipeline because of ignorant Californians

Jared has no clue, cannot explain why some 10,000 jobs were lost.   He evidently was not even aware that he would take a hit on this. 

At the time took the tribe point of view, if they are not paid off then the pipeline loses support. They should have paid them off and Wyoming politicians need to share the hit on this.

South Dakota, about the size of my home county

Trump Loyalists In South Dakota Turn On Thune

How often does my home county get written up nationally for our usual fiascoes? I demand equal fiasco time!

My check! My check!

Cassidy: GOP's COVID-19 relief proposal totals $600B, includes $1K payments

Saturday, January 30, 2021

The other point of the Gamestop

 I have often said, recently, the central bank and Wall Street are up against the hard wall of new technology. I would not call it a shock, it is something they knew was coming. It just arrived a bit irreguar is all.

I did not always say this, i said it more often when I looked again at distributed finance. I got a slight shock that they are figuring all this out, in reality a bit sooner.

Can we refine the universal law of optimum congestion?

 Do better than 'never be third'?

How abut this. Two thirds of the queue states have one customer and one clerk. one sixth of the time we have two customers and one clerk, and one sixth of the time we have one customer and no clerk.

Do some queue watching.

Locate the mentally ill before they swallow rifle barrel.

New Gun Control Bill Would Create Public Registry Of Firearms

Finally a job for the Texas Space Cadets

 

Biden Just Linked Climate and Security. Next Comes Military Money

They can put out forest fires!

Sandbox does stock market liquidity

 Big banks want liquidity sandbox is pure liquidity.

Auto pricing stocks was a sandbox invention five years ago. The idea is to use our standard, risk neutral S/L technology, Coinbase has one up and running. The brokers are replaced by provable trading bots, and clearing house replaced by risk bound pit boss approvable contracts. Of course, standard rules of fairly priced entry and exit.

If you want to bet future prices then borrow ex ante at your favorite S/L pit. I think Coinbase has one of those also.  This system is the optimum congestion manager, and that is no arbitrage cash, and you cannot get more liquid. 

If you want to bet time and price, then you are risky and will need an insurance company.

More later on this approach.


The plumbing details!!

The more complete version of he Robin Hood fiasdco.

One of the traders detailed the chain of command. I will try the layman's summary.

A RH (Robin hood) client agrees to pay some number X for a security, with RH. The proviso is that this is a commission free trade, so the client agrees to forgo formal clearing for a period to RH can find a better price and earn a margin.

It all starts there.  The rest is about options, centralized clearing; but that can all be collapsed into RH looking for a marginal gain to earn its commission. The same process, a seller agrees to sell for a price and let RH have time to earn a margin.

From thgen on the entire crack up can be modeled as an unstable network protocol, actually. The system has a basic flaw, it assumes the RH clientsd have a worse price predictor, or tat the RH clients are not colluding. That is, both the clearing party and the brokers all must assume that clients are taking infinitesimal steps.


When did I line up to be a domino?

Goldman Warns If The Short Squeeze Continues, The Entire Market Could Crash
"Unsustainable excess in one small part of the market has the potential to tip a row of dominoes and create broader turmoil." - Goldman

I think Im might be breaking some federal regulation if I am not a domino. 

I am still unsure of your chart

Americans Cut Back as Income from Wages & Salaries Hit Record as 10 Million People Still out of Work: Weirdest Economy Ever


Look at the bottom and top peaks and count the measurement dots. The chart is clearly under sampled because velocities have flat lined.

The federal court system is permanently jammed

Democrats weigh expanding lower courts after Trump blitz

And will remained jammed, pretty much forever. The era of 'make shit up' Law has been with us far too long.

Kamala clueless

Manchin Slams Kamala Harris’ Appearance On W. VA Television Stations: “That’s Not Working Together”

Kamala wants to short circuit a process that is hard bound.  She cannot really go around Manchin as Manchkin was already elected fair and square. Ksamala is still an affirmative action appointee. Further, she is the appointee who lost eight seats in the House and failed to secure the Senate except that Trump threw the Georgia elections.

Texans no longer have a lock on stupid

Marjorie Taylor Greene brings the GOP nothing but baggage

The contagion of Texas stupid is getting worse.

Ignorant California environmentalists cause climate catastrophe!

Biden’s Keystone Pipeline Plan Is a Bad Sign for Everything Else

The headline can be rewritten.

This is the usual case I have complained for years. The greatest global warmers in the world are California environmentalists. In California the environmentalist has two goals.  Tax the energy efficient and subsidize the energy inefficient. It has been a climate catastrophe. 

Texas stupid has arrived in Wisconsin



MADISON, Wis. (AP) After President Donald Trump lost his reelection bid, most Senate Republicans, his Justice Department and the courts dismissed or disputed his baseless claims about a “stolen election.” Not Wisconsin Sen. Ron Johnson.

The GOP senator used his chairmanship of the Senate Homeland Security Committee to highlight Trump’s allegations, claiming millions of Americans “have real, legitimate suspicions that this election was stolen” and worrying about “so many irregularities here.”

That sort of fealty to Trump has endeared Johnson to the far-right base in his state, but it could prove costly if he decides to seek a third term in 2022. As Johnson weighs whether to run again, his embrace of Trump’s anti-democratic campaign to overturn the election results already has angered some mainstream Republican allies, and is poised to motivate Democrats who have ridden opposition to Trump to new strength in the state
.

Like a mutant virus, like the Californians. 

Now this dumbshit, in particular, is clueless about philosophies.  If Wisconsin cannot think clearly then the center middle states may not hang, and the union is doomed for a long, dim future.

The Californians in the White House

Biden, Democrats hit gas on push for $15 minimum wage

They as as bad as the Trumpsters.
 If you really care then I recommend we get those nine middle state governors and do what they tell us, and ignore the executive branch regardless of who is in power.

The ten year back to 1.1%

There is no Princeton fake magic to this. 

The yen is a carry currency because the Japanese run a FX insurance business.  The insurance cost is set to recover the losses from rolling over the mammoth debt in their next six years. All the foolishness about debt having negative cost is delusional.

The natural cost for Swamp imbalance is about 2.5%, and it is easily computed via the continuing cycles. Add another 1.5% in Fed flat taxes and you get right back to the natural cost of government wobble.

Friday, January 29, 2021

The same rights as the past generations

What Rights Do Future Generations Have?

David Gordon from Mises is on a philosophical rant. He misses the big point. Both generations are here right now. They have to negotiate today, they have no choicer, as they are both here now. Get it?

Trickle down from Krugman and company

Fed’s Daly Pushes Back Against Pulling Policy Aid to Curb Stocks

(Bloomberg) -- The U.S. central bank should not prematurely withdraw pandemic support for the U.S. economy just because some people are getting rich in the stock market, said San Francisco Federal Reserve Bank President Mary Daly.

“We’re building this bridge, which is barely having many communities hang on, and the stock market is running pretty good and many people who already have money are getting more money,” she said Friday during a virtual discussion hosted by the Stanford Graduate School of Business.

We now know exactly who pushes trickle down.  It is not a repub nightmare, it is You Know Who.







Similar to the productivity chart

 

Government was bankrupt at the time Bernanke instituted his Fed tax.

Bernanke allowed an unconstitutional tax to keep California from going belly up. I do not think is it working, California is still collapsing.

Kamala already lost the 2022 election

MEXICO CITY (Reuters) - The Biden administration is urging migrants waiting in Mexico under restrictions imposed by former U.S. President Donald Trump to be patient, even as the population of a makeshift camp in northeastern Mexico begins to swell with hopeful asylum seekers.

Obama knew about this shit coming from Nancy, inviting refugees to sit in camps on the southern border.

Biden should know, but conveniently forgot.  Now it will be a Repub resurgence in 2022 and Dems can kiss the majority good bye.  It was Kamala who actually lost the 2020 election, except we voted Trump out.

Infrastructure week

Lawmakers offer competing priorities for infrastructure plans

There was an even more bizarre form of this

"People Are Starting To Scramble": 2020's Newbie Traders Face A Lesson In Capital Gains Taxes

I was aught in a stock swap and the IRS charged me a capital gain even though I never cashed out. Then the stock plunged, and they still wanted the same percentage. It was, in the end, a bizarre compromise in the Senate, none of the Senators clued in about this side effect.

The classic failure to assume information in the senate that was unknowable, at the time.

The police were there, you idiot, that was the problem

Fmr. SEC commissioner compares GameStop short squeeze to Capitol riot


She then said that the ongoing GameStop debacle is “[n]ot unlike what we saw on January 6 at the Capitol.”

“If you don’t have the police in there at the right time, things go a little crazy,” Unger continued.

The police were there, they violated most of the norms of efficient trading and caused the short squeeze by posting all the short sellers and their positions.  Then the police forces all trades through a socialist central ledger which is a regulated mess created by uninformed police, like herself.

The two events are completely incomparable, and the fear of goid hits me knowing we actually appoint idiots such as herself.

Florida voters support bigger mass shootings

Marco Rubio Deserves Ivanka Trump

John Tamny has gone full socialist

Dismiss All the Populist GameStop Hype: Short Sellers Are Heroes

Heroic enough to get legal protection from the SEC? 
If John likes socialism so much why not just have government do all the buying and selling, leave the welfare bums out of it entirely? 

We switched sides in the middle east, once again

Top ISIS leader in Iraq killed in US airstrike

For Trump, ISIS was an ally against Iran.  Hotels and oil deals dictated his foreign policy.

There was some doubt?

She falsely speculated that space lasers caused the Camp Fire. Now she’s a congresswoman.

Just curious, did anyone else believe the nonsense.

No, the basic idea is she had no real choice, given her skills. Go hooking or run for congress. They seem to be equivalent occupations.

Starting with Trump?

Nicolle Wallace Again Floats 'Drone Strikes' as Solution to 'Domestic Terrorism'

Worked for Trump when he killed the Iranian general.  Will we send one after Kamala also? Will we start knocking of the Texas stupids? How about California's failed state politicians.

Kamala has already invited them to California

MEXICO CITY (AP) Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction.

Mexico’s gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released Friday by the National Statistics and Geography Institute
.

Biden's immigration plan will cause a Senate slowdown and likely stop

Tax battle heating up

Governor Cuomo's Pitiful Tax Hike Ultimatum Will Punish New York
New York’s Governor says bail him out or he’ll be forced to punish New Yorkers with tax hikes

In full swing and we have not yet passed one single Biden initiative. 

Unelected unions decide who dies or who get the vaccine

Montgomery County’s plan, it appears, amounts to this: Teachers who are working from home, and whose union has resisted calls to return to the classroom any time soon, get vaccinated; teachers who are in the classroom have to wait in line.

Voters have screwed themselves

If it is Kamala v Trump you can kiss the nation good bye.

The establishment fears that Trump could make a comeback, win the Republican primaries in 2024, become the nominee, and return in triumph as president. They are determined to abort that possibility. Many openly admit it.

Pat Buchanan. 

Perfectly responsible language

Given how much Big Tech, and the journalists that support it, have talked about responsible language, unity and dangerous speech, you might think the press would be interested in one Congresswoman slandering a Senator as an (attempted) murderer.
Scott Whitlock claims we might be ignoring AOC. A contraire, we are listening and she has a point. Ted Cruz needs to be tried for treason, and if convicted, hung by the neck until dead.  This is perfectly reasonable and we have done it many times. 

While we are at the task, I would like to dig up McCain;s corpse and urn it for his 4 trillion in bogus defense spending.

Liz warren, you dufas

Warren calls on SEC to crackdown on market manipulation, explain GameStop rally

You caused the mess by your law requiring the SEC hold a socialist ledger with a two day clearing delay to protect the debt slingers in capital hill.  You have cognitive dissonance and are starting to look like Texas stupid, a known norm for stupidity. 

And getting tired of this nut

Third Time The Charm? Beto O’Rourke Teases Potential Run For Texas Governor In 2022

He reminds me of the various Silicon Valley nuts who think they can remake California.

They mean the guv of Florida legalizing mass murder

The Memo: Center-right Republicans fear party headed for disaster

Was it the DeSantis nut who wanted it to be legal to shot crowds of people without warning? Do they mean that nut, of Guv Abbot of Texas, or Rick Scott.

The center right is better off kicking them out of the party, then advocating their arrest, give them a trail, then legally hang them.  Being stupid is no excuse in the law.

Or maybe the center right is concerned about rural NRA nuts swallowing their steel pipes? At some point th center right repubsd need to dumb the mentally ill.

Try, convict and hang

'I'm just furious': Relations crumble in Congress after attack

This is about Cruz and the Texas stupids. It is about Abbot and Scott planning mass murder. It is about the Texas space cadets. It is about the dumbshit hooker advocating assassinations. And it is about California, no one knows what to do with the failed Hispanic stater. It is about productivity in the dumps because we are over indebted. It is about consistent fraud from the economists. It is about Joe's delusional henpeckers. It is about mentally ill NRA members eating their gun barrels. It is about the dangers of Kamala and the California cartels. It is about the mass of meth spreading and wiping out whole communities. It is about John McCain leaving us with 4 trillion in useless defense spending. It is about the five foot deep human sewage pond we call the Swamp.

The senate should just say no, cause a sudden stop. Being in session causes worse problems.

The same lawmakers who wrote the legal requirements?

Lawmakers rip Robinhood's decision on GameStop

This is us, the voters requiring a minimum amount of stupidity from our elected reps.

Thursday, January 28, 2021

18 century horse manure courtesy of Wall Street welfare bums

  A diagram of the master stock ledger.


There is no need for a master stock ledger, corporations keep track of their own stock and fiat bankers keep track of cash balances.

Instead of a two day clearing through this maize, why not a simpler provable contract that clears trades within an hour?


Where are the Eth2.0 coders on this? This is a simple two party  exchange. The honest bot clears the cash account with the fiat, then it clears the stock account with the corporation issuing the stock. It makes the trade, within one hour, or we get a stable exit.

The central ledger is strictly a socialist give away to Wall Street bankers whom want first access to data and a period to front run the trader.  This is complete socialist bull shit and where are my damn Eth2.0 coders!!! Fix this immediately, and corporation which does not want to clear  is declared bogus and their stock should be dumped.


This is the kind of horse shit that allow super wealthy to relax and make huge gains on the back of poor people.

It is all about productivity

 

 And we have a problem.

Looking deeper we will find that California and the Godotists are the problem.

First Reagan and the Californians screwed up badly. Then cam Bush and then came Obama with another set of Californians.

Bubba Clinton is the only one who solved the problem.

I liked Brad Delong's paper on noise traders

 Somewhere out in the webosphere, look it up.

He accidentally did something all economists need to do. Make a normative assumption  about data, then violate the assumption and show a contradiction.

In this case, he implicitly assumes Black Sh=holes,which does not allow a partition of the market. Then he allows a partition of noise traders, and shows the partition must eventually dissolve.

The net result is that Black Scholes is a statistical accounting identity and cannot be used as a transparent betting strategy. More economists need to take this approach, show where norm mixing in economic research leads to contradiction.

Both Cowen and Kling spot this norm mixing when they complain abut mixed elasticity norms.


My point is that Yglesias is clueless

This is an excellent  @elidourado post on the underrated case for reforming the electoral system. 

His understaning of the government value chain is about the worst of all the Godotists.

In any real world she would be a hooker.

GOP Congresswoman Blamed Wildfires on Secret Jewish Space Laser


Not that I am against it, I have hooker friends. But Trumpster nuts have to do a little better for politics, they need to at least select as good as Texas stupid.

Twitter should quit faking it

 Meet The Censored: Status Coup

Silicon Valley is shutting down speech loopholes. The latest target: live content

Twitter needs to adopt a closed membership system for groups and quit faking the open free speech crap. 

Dollar stable, ten year held at 1.05%

 I think we have tested that path clearly and found the stopping point.

Now, the question is, did Powell notice?

A clue for our author

Investing Shouldn't Feel Like a Trip to Vegas

Don't put your savings on the line trying to guess what the herd will do next, as we saw with GameStop this week.

Start here/

Modigliani–Miller theorem

Consider two firms which are identical except for their financial structures. The first (Firm U) is unlevered: that is, it is financed by equity only. The other (Firm L) is levered: it is financed partly by equity, and partly by debt. The Modigliani–Miller theorem states that the value of the two firms is the same.

If his theory is true then one of two things must be true. The stock market is a bogus unnecessary distraction, or two, our central bank is a distortionary nightmare.  In this case, the author i stuck, there is no good advice except gold.

Or the theory is false, and our author needs another basis to justify her job. She needs, then, to follow Buffet and the value investors and see how they work.

More importantly, where are the economists who have resolved the contradiction? If Fama can hold the contradiction in his own views, then he should return the Nobel. I doubt Fama rally believes the theory. In fact the theory is likely wrong as it does not use the productivity norm, it does not handle the congestion problem correctly.  We are stuck, ignore the market and force your self to engage in value investment.

California has reached disorder, there is no recovery

Silicon Valley Joins Push To Recall Newsom As New Candidates Eye Gubernatorial Bids

This is the third or fourth time Silicon Valley nuts attempted to stop the disorder, each time they fail or make it worse.

If you want California to have any chance, then some new bozo from Silicon Valley will not work. What can save California is a smart coalition of middle states, the states where the government value chain is liquid and well understood.  Any of these Silicon Valley nuts will only make matters worse, guaranteed. They have no concept of value chain theory.

Leave Newsom be, he can preside over our bankruptcy more smoothly than an ignorant from the Valley.

My check! My check! God save my stimulus check

Georgia Sens. Raphael Warnock (D) and Jon Ossoff (D), both of whom won January runoff elections on the promise of a Democratic senate passing another round of direct coronavirus payments, have pushed their caucus for speedy action on the issue, The Washington Post reported.

My home town is bigger than Wyoming

Video: Gaetz Defies McCarthy, Rips Liz Cheney In Speech At Wyoming Capitol

And we have wing nuts hoisting meetings all the time. The difference between my home town and Wyoming is about 40 points of IQ, and we are not that smart.

Thew other difference is existential, Wyoming, as a state, will not survive as long a they are ruled by ignorant wingnuts.

Twitter censorship is getting worse

 And for a math guy, even I get censored for known math proofs. We have reached that far? That is Soviet style censorship and twisting of truth.

The same GOP that plans mass shootings, like Rick Scott?

 

Pelosi denounces GOP leaders over Georgia lawmaker’s posts

This is official cheating, government deliberately trashing the little guy

Just got a tip that Citadel reloaded their shorts before they told Robinhood to stop trading $GME. If this is true, Ken Griffin and the Robinhood founders should be in jail. This is class warfare.

This is not policy, this is using the power of government to rob little people. Like the Fed, taxing the poor then calling it something else..  

Even the tow dufas politician can see the SEC cheat the little guy.

The battle between the financial establishment and small individual investors is heating up, and the situation is already becoming political — in some cases providing some interesting common ground.

The anger is bipartisan. Rep. Alexandria Ocasio-Cortez (D., N.Y.), Rep Ro Khanna (D., Calif.), Sen. Ted Cruz (R., Texas) and even Donald Trump Jr., eldest son of the former president, have all called out the situation as unfair for individual investors.

As Robinhood and other brokerages halted buying of Gamestop (GME), AMC (AMC) and other stocks Thursday, only allowing users to sell their positions, a wave of anger — and accusations of hypocrisy toward Robinhood — washed over parts of the trading community.

That would be Krugman and his ZLB idiocy

U.S. Billionaire Wealth Rises 40%, Up $1.1 Trillion, Since March 2020

Fredos and Cuomos seem a match made in heaven.

NY nursing home virus deaths were undercounted, AG says

Do they have a Dem stupid law in NY?  Not quite Texas stupid, but close?

Repubs got a low IQ dingbat on their hands

The easy out for the GOP to this point has been a tu quoque: Why should they trouble themselves to reprimand Marjorie Taylor Greene for her outlandish statements when Democrats have made no effort to do so with, say, Ilhan Omar? Yesterday’s news made that argument harder, though, because it had Greene seemingly endorsing violence against people who would eventually become her own colleagues in the House. Being a crank is one thing. Being a threat is something else

Beng stupider thyan a Texas is difficult, she likely spent too much time at Repub stupid school. 

Parkland school shooting survivor David Hogg is calling on House Minority Leader Kevin McCarthy (R-Calif.) to denounce Rep. Marjorie Taylor Greene(R-Ga.) after a video of her heckling him as he is walking toward the U.S. Capitol went viral.
A better idea is that Repubs need to stop the diversifying as they seem to capture more dingbat then brains. Perhaps having the IQ upper limit does not work, maybe Texas stupid is a too low bar?.

Doing a bit of deflation

 Futures Fall, Europe Tumbles Amid Fears Reflation Trade Is Dead, Short Squeeze Turmoil

Wednesday, January 27, 2021

Exactly, Damon Linker get this spot on

The left's fake Senate majority

 

But even this way of talking about the fissures in the party makes them sound too neat and tidy. You have highly educated very progressive urban professionals whose views often align with left-wing activists, who want to push policy as far left as they can. You have large numbers of suburban voters, many of whom are more moderate on policy, and some of whom used to be Republicans, found Donald Trump personally repulsive, and began voting blue as a result. These voters are broadly supportive of the new administration but don’t necessarily want to see a massive expansion of government spending. Then there are culturally conservative but economically populist voters, notably in the Midwest, who are nonetheless somewhat receptive to Republican warnings about the imposition of “socialism” and the threat of urban unrest.

The idea that we hoopla Biden's plan through the Senate is ludicrous.  If fact we can model the imbalance numerically and define a revenue sharing market to minimize it. 

But we will try in vain the hoopla, cheer leading method for a few months. One can blame ignorant economists for the hoopla nonsense.

Get back to the bailout agenda

Huh: Some Dems Want A Quick Impeachment Trial For Trump — Possibly Less Than A Week

Trimpsters naturally are the biggest bailout kings of them all. And that is the slim, majority, welfare bums who want the middle 20 states to pay the bills.

Biden's chief of staff says we can wait until the public sector gets a bailout

Biden: ‘We can’t wait any longer’ to address climate crisis

California government is simply unprepared

California unemployment agency was unprepared for COVID claim surge, audit says


Lawyers and diversity appointments have killed any sense of reasonable government.

Declare us the failed state and be done with it.

Translation: Save the market or California goes belly up


WILLEM H. BUITER 

Extraordinary times call for extraordinary measures, which in the context of the COVID-19 pandemic means additional fiscal stimulus of the kind promised by US President Joe Biden. To alleviate sustainability fears, the Federal Reserve must prepare to expand its balance sheet and monetize the deficit.

Problem is, we have never had a case of a failed Hispanic state recovering.  And California has been an increasing drag on the economy for 30 years.

Tuesday, January 26, 2021

He means bailout the public sector pensions

Top Biden aide says schools should get money before they reopen
Ron Klain, President Biden’s chief of staff, said schools should get more federal aid before they reopen amid a debate over starting in-class learning.

When asked on CNN what schools would need to reopen safely, Klain simply responded, “Money.”

“That’s why the president of the United States sent a plan to Congress even before he took office, to make the investments you need to make the schools safe,” he said.

“President Biden has sent a plan to Congress that would make sure that a majority of our schools can be open within 100 days. We need Congress to pass that plan so we can do the kinds of things you need to do so that schools can be safe, so that teachers can be safe, so that students can be safe. Sadly, it costs money,” he added.

Coincidence or failed state?

 



AOC's failed hispanic state

State of emergency declared in Puerto Rico after killings targeting women, transgender people\

We already have one monster failed state, do not need another.

 

Monday, January 25, 2021

Failed Hispanic State

Making America California
The Biden administration seems determined to run the country on the ruinous model of the Golden State.
From South America to Oregon, a string of failed states.

Nightmaresville for Arkansas

Sarah Huckabee Sanders Announces Run For Governor Of Arkansas

Sunday, January 24, 2021

Foreign bond buyers have a narrower window

 They have to cover FX risk. They need another ten basis points in the ten year to stabilize the dollar. If they withdraw, the dump dollars, and import prices rise, and we go fracking. If the rates rise enough to keep our foreign lenders,then that Fed tax will shoot up. It cannot go higher. That tax really cannot exceed two percent, our nominal price hikes. It is highly deflationary, deflsation automatically counter act the cheaper dollar.   It is a trap, there is no monetary trick.

A no more Godot rule?

 How about we do the one thing that can fix out government.

Get those nine or ten middle state governors to agree, No More Bernies, Trumps, Cotton's, Kamalas, and the rest.  

Elections should be about keeping those middle states liquid in the government channel, and the rest of the fixes needed will straighten themselves out.  Those governors need to swear , Never let a Godotist get nominated.

The rest of the fixes fall out naturally as use structural models, and no, they are not painful.

Middle states want to stay liquid

 

Senate Republicans vowed Thursday that President Joe Biden’s coronavirus relief bill will not get 60 votes, daring the White House to either compromise with the GOP or use partisan procedural tactics to evade their filibuster.

Put simply, the Senate GOP says Biden’s proposal spends too much money and comes too soon on the heels of Congress’ $900 billion stimulus package from last month. And that unless the proposal has major changes made to it or Democrats use budget reconciliation to pass it with a simple majority, it is doomed on the Senate floor.

They have the liquidity, they do not want it gone. There preference is to let things settle down a bit. I would too.

We are being forced into something the Californians dreamed up, and whatever comes from California does not fit for the middle states.  Biden has no one on his team that gets the problem.  Republicans actually need Nancy to take some action, it is beyond Yellen's head.  Nancy need to talk to the henpeckers from California and get some clues into their heads. Some needs to calm the flock down.

Getting henpecked

'We can't wait:' Biden to push U.S. Congress for $1.9 trillion in COVID-19 relief

The Californians want three things: 1) refugees jammed at the border 2) Public sector bailout 3) Shutting down oil production.

The great broad middle 30 states, the ones having the most liquid government value chain, they want no part of this messy fight.  The trial is coming up, nothing happens til late February or March.  It is a slugfest of earmark trading, and Biden cannot rush it.

Suggestion, Shut the Californians up, and just tell Nancy to go earmark trading. Kamala ius still the nutty affirmative action candidate, get some IQ interposed in there.

Do these monkeys look like Blacks?

 

University axes ‘three wise monkeys’ from conference promotion due to ‘racial stereotypes’

Yes, according to the University of York.

I think whites should be able to ban orangutans. I have family back in the Kentuck Mountains that remind me of orangutans. 

Earmark bidding



(TNS)
San Diego, Calif., officials on Wednesday began discussing potential budget cuts and the possibility of burning through city reserves to help close a projected $154 million deficit, which is nearly double the $86 million shortfall projected in November.

The spike is the result of a nearly $50 million increase in San Diego's annual pension payment and the realization by city officials that their predictions of a post-COVID-19 tourism and convention revival this spring were too optimistic.

Some officials expressed optimism that Democrats taking control of the U.S. Senate will boost prospects for federal pandemic aid to state and local governments. Last spring, San Diego received $250 million in such aid.

They have run out of tax options,  black swanned by covid and swindled by unions. My homrtowen has a case of all three. This will be along wait for the failed state to recover.

Saturday, January 23, 2021

California has reached its level of incompetence

The GOP Bid To Boot Gavin Newsom Could Backfire

There is no government program that will sort out the disorder. No regime change can fix a failed Hispanic state.

So has Congress with gun toting and mass shootings.  Likely Rick Scott was behind it.  Congress does earmark sharing. It has not changed, go with it. Just keep in mind true revenue sharing. It is three months till a bill in any event, so let Nancy run the sale routes, sign up some set of states. She can get the gound work, we will all know our goodies as they get negotiated.

Fake chart

 

The bean counters do not sample enough to capture that peak. More likely the savings rate already was at the 2020 Q3 level, and never had such a peak.

Remember in looking at these spikes that the velocities have flat lined. There will be a large revision to Q$ growth and the initial number needs be discounted.

Invite refugees to jam their state then take away heir livelhood

Biden Moves To Block Oil And Gas Leases On Public Land And In New Mexico That Could Be A Big Problem

That would be Kamala unable to get clues.

Sandbox scaredy poohs

 JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants around the world have exponentially grown users and market value.

His message to the management team of his $3.4 trillion banking goliath: Be frightened.

“Absolutely, we should be scared s---less about that,” Dimon said Friday in a conference call with analysts. “We have plenty of resources, a lot of very smart people. We’ve just got to get quicker, better, faster. ... As you look at what we’ve done, you’d say we’ve done a good job, but the other people have done a good job, too.”

Dimon’s blunt assessment was in response to questions from analysts including Mike Mayo of Wells Fargo who pointed out that with rich, tech-like valuations, fintech players have “trounced” the traditional banks in recent years.

Time for Nancy and her book of earmarks

Biden’s “Bipartisanship” Bumbled: GOP’s Centrists Reject Massive New COVID Relief/Stimulus Package — After Not Being Consulted

Plus another three months of dickering.

Relative primes and Markov

 Arrivals divided into relative primes can be serialized. That allows commutative property, multiplicity

Relative primes meet the Markov conditions, which say that any color can only overlap with itself, in any given state of the error generator. The error generator separates layers of the geodesics, and geodesics can be relative primes. This is a closed surface, this has relative prime angles. It becomes fractional approximation of irrational curvatures. Since it closes the error separation must be bounded.

The Shannon disorder constant forces the system to add a relative primes and the surface gains a hole and new surface curvature. Dunno what they look like.

Friday, January 22, 2021

David Marcus is clueless

 Mitch McConnell Needs To Go


Dave complains about the impeachment.  McConnell is using the impeachment process to delay and tie up the senate so the a bunch of senaotrs do not have to vote another round of California bailouts.

It is a smart play, Dave is too imbued with his philosophy to get a clue. He writes for the Federalist, so note, the Federalist is full of the clueless.

Consider Schumer:

Senate Majority Leader Chuck Schumer agreed Friday night to a two-week delay of former President Donald Trump’s impeachment trial, allowing the chamber to focus on confirming President Joe Biden's Cabinet and coronavirus relief.


Schumer is smart enough to know that another bailout package is not in the cards, and he also wants a bunch of items stuffed into the agenda. Thus, the earliest we get a bailout is Q2. The senate does not have the votes for another boondogle at the moment, sorry.

Yellen did the clueless

Yellen Gets Wall Street Buzzing About 50-Year U.S. Treasuries
“There is an advantage to funding the debt, especially when interest rates are very low, by issuing long-term debt, and I would be very pleased to look at this issue and examine what the market would be like for bonds of this maturity,” Yellen said when asked about longer-term debt, including 50-year Treasuries.

That drove up long-term rates and steepened the yield curve, with the gap between 5- and 30-year bonds reaching a daily high of 140 basis points. The move was pared some, with the spread recently around 138.8 basis points
.

And rates immediately shot up in response.  The reaction shows what we face, we are being forced to pay the natural rate for government, always, about 2%.  

Yellen learns she has one choice, raise flat taxes so the Fed does not get fiat banks in the tax collection business.  he has no way out, and during each meeting with the delusionals they will hound her for an exit that does not exist.

How long will she espouse the nonsense? That means, how long before California is in serious trouble with no escape.

Unity means bailing out California and Illinois

The Corrupt, the Clueless and Joe Biden

Unity is a fine goal, but don’t expect much cooperation.

We have 60 senators from the middle states who are perfectly fine. And it is widely known that California is a failed Hispanic state, and we have never bailed out a faiule Hispanic state and we will not bailout California.

Newson and Kamala keep making the assumption that a bailout is coming. Nope, the 30 middle states will not do it.

No one  believes the Krugman fraud on this, we are done with the Princeton/MIT school. We have better mathematicians then those brick layer bums.

Thids is the third rate cycle in which we had to wait for California and meanwhile put up with economic fraud to disguise it.  Not any more, we are looking at a bank crisis. The middle states do not want to lose their banks.

California will not be bailed out

 

All of those gray states in the middle have at their core the most liquid middle states.

This is straight out of the productivity norm, these states have the proper match between House members. They are better off letting California business move to Texas than risk a mammoth bailout of the Failed Hispanic State.

Biden is under the control of the Cal Teachers union, the one who will engineer the bailout. It will notwork, we will get sudden stop in the Senate and enter rate cycle.  

Microsoft patented the cartoon

Microsoft Patents AI-Chatbots That Imitate Dead People 
"The patent describes a "specific person [who the chatbot represents] may correspond to a past or present entity (or a version thereof), such as a friend, a relative..."

I think that Warner Brothers owes Microsoft bucks from way back, even before Microsoft existed. 

Waiting for California

California Ranks Last In Administering Vaccine Doses, State Officials Won’t Show Their Work On Standards For Reopening

Biden: There’s Nothing We Can Do To Change The Trajectory Of The Pandemic In The Next Several Months

California is a failed Hispanic state and everyone has to wait for California to catch up.  
Not just on vaccines, but on economic recovery. California needs six years, that is six yeas of Powell manipulating the pensions. Each rate cycle the wait for California increases until now when California may never catch up.

We are stuck with Kamala's boat anchor, we are figged. Any move Biden makes has to be approved by the cal teachers union, and the Cal teachers union will protect their pensions at the cost of all of us.

Our only real export

Yes, Biden Wants to End Fracking

End fracking and Biden will immediately be in a rate cycle, once more.\ The noise about fracking is from the delusionals that surround Biden.

Cartel Kamala

Texas AG sues Biden administration over deportation freeze

Her first actions designed to lose the 2022 election.  he comes in with the plot to bail out Cal unions, and no one realizes the Dems actually lost the 2020 election.

The plot will not work, the Senate has already spoken.  Kamala and the delusional do no know this, but Biden does. 

The chaos will generate no votes

Senate chaos threatens to slow Biden's agenda



President Biden is facing big headaches on getting his priorities off the ground on Capitol Hill.

Biden pledged to unify the country after the tumultuous years of the Trump presidency, and Democrats are vowing to use their first unified government in more than a decade to enact a “bold" agenda.

But they are facing significant hurdles to getting anything done fast. There’s a looming second impeachment trial for former President Trumpand, in the meantime, a chaotic Senate that is stuck in limbo amid a standoff on a power-sharing agreement with Republicans.

“Things are on hold. I’ve got a lot of things I want to do,” Sen. Dick Durbin(D-Ill.) said of the impact of not having a power-sharing deal on Biden’s agenda.

 The great batch of middle states do not need the mess, they will avoid it knowing the tax battle is looming.  And h Biden administration is surrounded by delusionals.

The Dems already lost


Ezra Klein: Democrats Need To Dump The Senate Filibuster Or They’ll Lose In 2022

Back to reality thee Ezra. In 2020 the Dems lost eight seats in the House, and the Senate is tied only because Trump threw the Georgia election.

They have already lost 2020 due to the immigration waves they are inviting. The Senate is going to present Biden with a big no across the board because the large group of middle states are not gaining anything from the hoopla. Then we have the inevitable tax battle.

Thursday, January 21, 2021

Is Rick Scott planning a mass shooting?

Rick Scott Brushes Off Potential Ivanka-Rubio Primary Fight: ‘Supporting Incumbents’

As long as he keeps the killing limited to Florida, since they\ vote for them.

Dumbass repubs doing oil deals with dumbass Saudis

How the U.S. Covered Up the Murder of Journalist Jamal Khashoggi

Neither party learns.  IQ is in short supply.
I am reminded of the same dumbass trick played by Pelosi and Kamala, they always create a mass of refugees on the border, always without exception.

McConnell plans on dragging out the trial.

Wait, What Happened To “No Time To Waste” On “Immediate Relief”? Dems To Send Biden A COVID Relief Bill In … March

Then we have a bunch of parties and executive orders. just as well, the senate is in no mood to bailout California.

Shannon extent is more like an outcome

 Not really a force. When the system exceeds that limit, stuff flies away, not to be seen, information lost. So, if that barrier is universal, it is key to energy levels.   It is the irreversible nature of disorder, its definition, so to speak. But t causes energy levels to fill appropriately, and balances congestion. It finds fuzzy stable points, by definition of it being discussed.

Take another example of dimensionality. The idea that the proton opens the hole under new disorder.  Those quarks can carry charge around the torus, and the magnetic field has chiral, and they will match the disorder, and make the orbital stabilize.  

The photon arrives at standing wave and causes excess disorder.  The proton syncing its charge and mag field, and whoever survives out there is not its concern and is unmeasured. Al of this determined by combinatorials, the NSM condition and maximum disorder limit on a dimensional basis.

The fine structure again is instrument noise

 The idea is to look at hydrogen at is lowest level, measure the lowest uncertainty it supports, the minimal noise.

The scientist is basically tryiong to et another stab at Avogadro, ns we know at maximum disorder, there are 108 combinations of vaules that self measure.. The proton can swap orbitals and sttay within maximum entropy So we get proton weight as 17 * 108. The total number of paths availabler t the proton, they multiply.

A standard microscope is a flat earth assumption 3 axes instrument, and assume a maximum disorder ot 27, 3^3. Sorry, but this is removed from the proton, and adds to the aperture, and the 108+27 is 135.

The microscope and proton together will exceed the maximum disorder, and the proton adapt down to accommodate the scope.  What the scientist sees is the collapse of disorder. He expected to see all 108 combinations, instead ends up with about 102, plus he sees that appended to his 27 disorder.

Proton in a 3D world has capacity

 How much disorder can it manage in a  3D world. Well, it can manage maximum disorder, 108, and if it it 4D its maximum dimensional capacity is 256 times that. But it is not that packed, and it can operate with  17 times the 3D capacity, easily enough to manage 16 different orbital plus itself.

 So that capacity of the proton is 1836.. This is the total number of combinatorials the rpoton can handle on three measuring sticks.

What about us? Our instrument throws in another stick, it adds 27  combinatorials, and that is why the orbitals poop when we insert our stick. That is an interresting number, 3^3 is the maximum disorder in a 3D system.  But ask yourself, it that instrument of ours, made in a 3D world would always sample at the Avogadro limit. When we measure Avogadros withour 3D insturments we always get the same number.

In a 3D weorld, we are under sampling a bit from standard 2D Shannon, we are at 3/2. One can see, tight away, the total number of sample is very close to Avogadro.

The 3/2 it the number of ways a charge can be combined with all the disorder possibilities.  It is the number of levels any scientific approved measuring stick can measure on a 3 axis, non relatively prime surface. axis

4D

start with 1,1,1,1 get 1,1,1,3  to  1,1,3,13  to 1,3,13, 156  I think. That is it on the 1,w,x,y,z line, the next jump exceeds the maximum disorder for three primes and a unitary. That third elements tells me their is 13 second curvatures it can maintain, add in the dirst three quadruples and I see 18 possibles.  So, the proton used the orbitals to partition the chaos. The proton rules this roost.

I want to see a red shifted lightshape from the telescopes

 

How to take a picture of a light pulse


Cosmological background is not what we think, their are two curvatures, likely  farther the distance, the second curvature may be strong. 

We get H cross E1 and H cross E2. Our instruments assumes their is a simple spherical wave, No, it is not spherical it has skew as observed by our instruments, and this causes red shit to be greater than it should. Make me a mirror with a hyperbolic shape, slight by a few angstroms. And we need thsi light pulse measuring  stick, and make it sensitive enough to get the minimum pulse shape from distant light and it will be whiter  than you think.

The orbitals are structured queues

 Going up in the orbital energy levels means jumping up on disorder. If the proton was the Walmart checkout manger, he would be changing the 'items per basket' to get the congestion managed. even adding some checkout counters.

It moves up the tree while avoiding entropic extent, the orbitals it pick to not violate Avogadro   he higher energy levels take order from the vacuum and creates disorder..

The proton must be a 4D system, I am getting heterodox.  The orbitals are just an out growth of the proton orbitals which are in the 4 tuple tree which I have only looked a bit at.  

Dual curved light inside. It is torus, and at higher energies the center whole much larger and it must apply that whole to the magnetic field.  So this proton can generate an axis of one fourths, at its extant, but likely to show up as 4^2, the number of orbitals implied on the fourth dimension.  16  orientations of thhese quarks.

The proton actually has a larger plank, and carries a disequilibrium about the torus whcih defines it magnetic field.