It never occurred to us that skills were necessary.
Wednesday, June 30, 2021
She was the first skirt in the secretarial pool
Kamala Harris Staffers Are Leaking -- And Her Office Is A 'Dysfunctional' Mess
Checks are more popular
Black Caucus presses Democratic leaders to expedite action on voting rights
I am rooting for four figures, I think the kids back home would love it.
DeSantis, blockhead Latin American, tin horn, dictator
Federal judge blocks Florida law that would penalize social media companies
Too much blockhead to classify into a philosophy.
Covid strike
https://www.marketwatch.com/story/this-is-the-no-1-reason-unemployed-americans-arent-looking-for-work-11625075936?mod=home-page
This is the No. 1 reason unemployed Americans aren’t looking for work“Among the unemployed, concern about COVID-19 is the most commonly cited reason for a lack of urgency in looking for work,” wrote Nick Bunker, the economic research director for North America at the Indeed Hiring Lab, in a blog post on the survey results. Some 23% of unemployed people said fear of the virus was keeping their job search “non-urgent.”
Trumpsters and their stupid coup plot, stopped
Trump Organization and CFO Allen Weisselberg Expected to Be Charged Thursday
Why is Allen Weisselberg interested in restarting the Civil War? Anyway, whatever the stupidity, the Union army has put a stop to in.
It is the NSA causing the security breeches
America deserves a Cabinet-level Department of Cybersecurity
Clueless at the Hill.
They do not make the connection between the NSA wanting the doors open and criminals stealing data. We have insecurity in many areas due to NSA keeping the digital doors open. Creating another layer of government mis-management will only make it worse.
Tuesday, June 29, 2021
The union won the war
GOP Rep. Matt Rosendale says the efforts to remove Confederate statues from the Capitol are 'animated' by critical race theory 'concepts'
And the union is still rooting out confederate stragglers like Matt Rosendal. Now we got confederate stragglers in Montana, but no matter, the union will go to Montana and hunt the rats down.
Cops can kill you for having a soda in Arkansas
Arkansas Deputy Kills Teen 'Armed' With Antifreeze Trying To Fix a Truck
Who made it legal to shoot people over anti-freeze? The same voters who approved the law.
My reading of the regulate militia law in the Second says that even a security guard can shoot you for having a can of soda. Someone is not think, especially the Supreme Court and the voters of Arkansas.
Expecting Texas to become a major exporter again
Goldman Snubs NY & NJ, Looks To Open New Office In Dallas
Now, after the bank's strategists have repeatedly (and correctly) called the run-up in crude prices, the start of what the bank believes will become the next major commodities supercycle (with crude expected to eclipse $100 a barrel in the not-too-distant future), Bloomberg reports that the storied Wall Street investment bank is looking to expand its physical footprint in Dallas.
It is a be, but can the American consumer tolerate one hundred dollar oil?
California does not do infrastructure
California Democrats send Newsom a budget without money for high-speed rail
Without adequate funding, will ongoing construction of the project be suspended?
We are done with the choo choo thing. The number one priority is to make pension payments; and send me four figure checks.
I am no longer beyond the pale
Joe Biden Is Leaving Kamala Harris In a No-Win Situation
Now it’s no longer beyond the pale to point out that Joe Biden is leaving Kamala Harris to handle all of his no-win situations.
I looked it up:
By the 14th century, the Norman invasion of Ireland was struggling. Too many Normans had "gone native" like Colonel Kurtz and assimilated into Irish life. The remaining settlers had retreated to just four eastern counties: Louth, Meath, Dublin, and Kildare. These four "obedient shires" were the only part of Ireland still under the control of the English crown. The king's perimeter was marked with wooden fence posts pounded into the Irish turf. These were called "pales," from the Latin palus, meaning "stake."
My check should be four figures
Speaker Nancy Pelosi (D-Calif.) on Tuesday amplified her plans to link a bipartisan infrastructure agreement to a second package of Democratic economic priorities, rebuffing an appeal from Senate Minority Leader Mitch McConnell (R-Ky.) to decouple the two bills
That will buy my vote.
Monday, June 28, 2021
Sick Slim Dim Kim Son?
State Media Admits Kim Jong Un Looks "Emaciated", Says Population Is "Heartbroken"
Sounds like they are breaking the news of terminal illness.
JOHN B. TAYLOR having delusions about the Fed
As in the stagflationary 1970s, the US Federal Reserve is once again denying that its own policies are the reason for a recent surge of inflation, even though there is good reason to think that they are. It is not too late to learn from past mistakes and reverse course – but the clock is quickly ticking down.
No one forgot, we are all aiming for the same result. It is central banking and no one is fooled into thinking it is stable.
Retirement sampede
Jay worries about QE forever.
He never committed a crime
Steve Keen – Free Julian Assange
We have assholes in government, ignorant, corrupt assholes.
We have assholes in government, ignorant, corrupt assholes.
Sunday, June 27, 2021
Barr is not joining Trump's August coup plot
Barr Had Profanity-Laden Split With Trump Over Fraud: Atlantic
Trump to be arrested for treason!
Prosecutors gave Trump Organization lawyers until Monday to convince them not to file criminal charges, report says
Prosecutors got the goods on the August coup plot.
Saturday, June 26, 2021
Will I get a bigger check?
Biden had said on Thursday that he would not sign a bipartisan deal on infrastructure unless a larger reconciliation deal was passed through the Senate, but on Saturday he attempted to walk back some of those remarks.
We are beyond infrastructure. The Swamp has checks, if the Swamp writes checks then write mine first and make it large.
Florida is a sand bar
The Floridian peninsula is a porous plateau of karst limestone sitting atop bedrock known as the Florida Platform. The emergent portion of the platform was created during the Eocene to Oligocene as the Gulf Trough filled with silts, clays, and sands.
Wiki is being polite.
The state is a massive sand dune on the ocean. Storm surges penetrate inland, underground, for long periods. Like living on a barge.
Friday, June 25, 2021
No Prop 13 protection
Bill headed to Pritzker could set up a wave of annual property tax hikes
Get out while the getting is good?
Make stuff up law
Justice Alito bristles at conservative Supreme Court's incremental course
Yes, conservatives are the worst, and the federal judiciary system is trashed.
Thursday, June 24, 2021
i believe DeSantis is a friggin idiot
Florida Gov Signs Law Requiring Students, Faculty To Have Beliefs Surveyed
Got that out of the way. Now I am qualified to be either student or teacher in Florida.
My check comes first, fake infrastructure second
Democratic leaders are trying to assure nervous progressives that their priorities for climate change, paid family leave and other “human infrastructure” can still be delivered even with President Biden embracing a much more narrowly focused Senate infrastructure deal.
Speaker Nancy Pelosi (D-Calif.) made clear Thursday that the House won’t vote on any bipartisan infrastructure deal until the Senate also passes a larger package with Democratic priorities through the budget reconciliation process that can evade a GOP filibuster.
California plans no infrastructure, it plans to fund the pensions. Us peons should plan on getting a big fat check, or vote no.
Xi Ping Pong is whacko
China is behaving like a whiny child having a tantrum and making threats because Xi Jinping is determined to force the island under his control to burnish his own reputation.
The Commie Rats do this every time, get reckless when threatened. Xi is facing rebellions everywhere as he attempts to increase state control. Eventually all the local Commies Rats begin pushing for a new dictator.
I think the ultimate problem is the writing system in China. It is not easily translatable into local dialects, and is used by central authorities as a kind of secret messaging tool.
We want our infrastructure checks up front
Biden and Pelosi warn: We're not doing this infrastructure bill unless the "human infrastructure" part passes the Senate too
We already know the money is headed to public sector pensions in California. So you have to make sure each of us peons gets our check before the swindles begin.
I need the reverse:
WASHINGTON, June 24 (Reuters) - Hours after U.S. President Joe Biden declared "we have a deal" to renew the nation's infrastructure, the Senate's top Republican lashed out at plans to follow the $1.2 trillion bipartisan bill with another measure addressing what Democrats call "human infrastructure."
Step one is to determine how large is my check, then step two, the government can piss all it wants.
Wednesday, June 23, 2021
Biden: Gunowner have very tiny weenies
Biden to gun owners: If you want to take on the U.S. government, you'd better have F-15s and nukes
NRA Nuts, there greatest fear, great big monster weenies flying at them. Biden has a big weenie.
Xi Ping Pong in midlife crisis
He is suffering the inherent Chinese wanderings from dictator to dictator. I think the rebellions over there are growing. Xi Ping Pong should remember history, recognize the usual 'Oh Well' moment. It is not him, it happens to all the Commie Rats.
Tuesday, June 22, 2021
My favorite leftie is seething more than ever.
'Seething' progressives demand end to filibuster as Republicans block Democrats' voting bill
My Puerto Rican Communist as likely let her glasses fly in rage. Her statement:
Call me radical, but I do not believe a minority of Senators should be able to block voting rights for millions of people. But I guess I’m just from that far-left school of thought that legislation should pass when a majority of legislators vote for it
Whatever. I think they wanted to let nine years olds vote.
Cyber wars are a go
US takes down Iran-linked news sites, alleges disinformation
Here he is, the disinformer himself.
Here he is, the disinformer himself.
Mixing and matching in the sandbox
JP Morgan made an automated liquidity pit from the Solidify block chain, attached it to their dollar accounts. They got their internal clients using it to the tune of billions, the new Libor,
The Redneck method, mix and match. I keep my mouth shut here. Here is the linux command I want:
Solidify pit.c, JPDollars
Converts my automated S?L to run on the tree, and anyone can open an S/L among their friends. Users can swap out to their own dollars, I have a code for that. Great stuff, very revolutionary, singularity 1.0
You have already had your first rate hike
Williams Says Fed’s Rate Liftoff Still Way Off in the Future
No credibility.
And you hiked rates faster than you tapered last time.
John Williams, you are a delusional or a liar.
No credibility.
Listen to me, the Fed will suddenly be forced into more rate hike.
Dollar jumps up
We are in the midst of a rush to safety, indicative of a slight down turn, maybe worse. Oil is 73, high enough to slow down the American consumer.
Monday, June 21, 2021
My Chihuahua is a bit of bonehead
Professors Call For Hate Speech Protections To Be Extended To Animals
It is not hate speech if I call her that.
I still consider her a better presidential candidate than Trump, voted for her.
Sunday, June 20, 2021
No Green taxes!
"If it is roads and bridges, yeah, of course we need to do that and I support that," Sanders (I-Vt.) said on NBC's "Meet the Press." "If it is regressive taxation — you know, raising the gas tax or a fee on electric vehicles, or the privatization of infrastructure, no I wouldn’t support it, but we don’t have the details right now."
Another attempt at more gas taxes in California would be a loser. He wants wealth taxes.
Saturday, June 19, 2021
They are calling it an election by other means
GOP increasingly balks at calling Jan. 6 an insurrection
But it is mostly the repubs discovering their love of checks from the Swamp.
Evolution in action
Oxygen in short supply in Afghanistan as country battles third wave of COVID-19
Many of them are future cab drivers of America.
My check, my check, God save my check
As pandemic subsides, businesses push Congress for one more bailout
We might be in the middle of a downturn.
Moving to California likely cost you a third of your vote
Obama: Ensuring democracy 'continues to work effectively' keeps me 'up at night'
Constitutionally you have lost most of you senate vote via the move. You are pushing a red herring, and you have no idea beyond two party politics. If you had a clue you would keep quite rather than risk your reputation.
Thursday, June 17, 2021
Three dead cats?
The pandemic economy have yet a third bounce from the hoopla. Slightly down but not recessionary and short lived.
Oil prices seem marginally stable. Dollar sable and today slightly up. Treasury ten year at bottom of yield range. Like a mere passing by as the parts find s slightly better equilibrium.
Wednesday, June 16, 2021
Two party system is weak
‘Going home with nothing’: Dems agonize over infrastructure strategy
The party’s factions disagree on how to proceed on spending priorities, with centrists calling for frugality and progressives wanting to go massive.
Progressives wants checks to the large state pensions. Centrists in the median states cannot assign that cost to their voters. There is no real solution. Revenue sharing n a regular basis helps.
Infrastructure is a red herring. 'Infrastructure' means hide the checks behind a facade.
California voters are stuck with hopeless
Newsom sees his political fortunes rise as California reopens
Newsom discovers that dufas is the best we can do out here.
Opened gate
One year at 5 basis, and two year at 21 basis. The difference is 15 basis, my long time marker for getting a bond trader out of bed. A sign of expansion, the debt slingers have open another checkout counter/
We have found the enemy, it is us
Florida Sheriff To Blue-State-Migrants: Don't Vote The Way You Did Before "Or You'll Have Here What You Had There
Often aided and abetted by good weather.
Mandatory ID is good
Gamechanger? Manchin floats grand bargain on voting rights -- including mandatory voter ID
For many thing besides voting.
Tuesday, June 15, 2021
Government supply chain imbalance
Growing liberal rebellion threatens to doom Senate infrastructure talks
Imbalances between NY and the Swamp are big right now with NY robbed of its tax base. Californians discovering that government is a corridor.
Bottom line issue, where are the checks. Everyone wants another round of checks to rebalance. The permanent round of check passing should address the problem, revenue sharing allows better hedging of the government corridor.
One cannot take California seriously
A serious man: Can Kevin Faulconer run for governor without the gimmicks?
A Republican former mayor of San Diego, he governed that once Republican but now reliably blue coastal city as a pro-immigrant, climate-change-believing, bilingual urbanist. He touts endorsements from the traditional quarters of state GOP leadership.
Sacramento delivers a continuing stream of gimmicks.
Mish finds missing velocity
His pension ultimately back by the US capital
Former La Habra police chief pleads not guilty to U.S. Capitol attack charges
His entire being is stuck in the government channel. On what basis would he attack the Swamp?
Not enough tax base to split among the layers of government
The $1.9 Trillion American Recovery Act Could Have Huge Implications for State Tax Policies
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
Monday, June 14, 2021
Voter rights
They are mostly protected.
Trying to restrict the unprepared voters flows both ways as the Georgia runoff election showed. Both parties eventually engage is legal voter registration efforts. That neutralizes the effect and puts pressure on voters to keep their ID up to date.
Hezbollah's done it
Lebanon is in the throes of a deep economic meltdown that is threatening its stability. The World Bank has called it one of the deepest depressions of modern history.
Religious rule does not work.
Sunday, June 13, 2021
It just smells that way
The 'California Dream' Isn't Dead. Yet.
California’s problems are indeed daunting, but even troubled San Francisco is still a lovely city.
A nightmare with a few lovely spots.
Saturday, June 12, 2021
My culture! My culture!
ENJOY HOLIDAY TEA IN BARDSTOWN
Mrs. Julia Beckham’s Christmas Tea takes place at Wickland, Home of Three Governors in Bardstown.
During the Holiday tea, guests sample of several popular Kentucky sandwiches and desserts. A popular favorite is the Benedictine tea sandwich made with a cucumber and cream cheese spread.
You get an understanding of what life was like for Julia Wickliffe Beckham who was the mother, sister, and daughter of a governor.
Got checks?
The Group of Seven will seek to rival China’s multi-trillion-dollar Belt and Road initiative on Saturday by announcing a global infrastructure plan to help developing nations, a senior official in U.S. President Joe Biden's administration said.
If, and only if, they know how to do it well.
Friday, June 11, 2021
Oh Tim? Are you keeping copies of our meta data?
Apple says it didn't share pictures or emails from lawmakers' phones with Trump DOJ under subpoenas seeking to unmask leakers
Trumpsters be spying on use. Suggest full rebellion.
El Saslvador's problem is the same everywhere.
Godotism is a result of non adaptive Constitutions. Goditism comes with a cost. The cost is much higher when we do not expense the normal cost of fixes Constiututions. Constitutions are not bad, but they come with a double entry balance sheet and we need to stop the self delusion.
Under the balance sheet is something called fixed monopoly costs. Fill that slot in, please, and just expense it. It is not large, but it is positive.
Too late but never mind
Given recent history, policymakers would be unwise merely to hope for a best-case scenario in which a strong and quick economic recovery redeems the enormous run-up in debt, leverage, and asset valuations. Instead, they should now act now to moderate the finance sector’s excessive risk-taking.
El Erian is a bit late and a mild slowdown is upon us. Janet is a little late and has not defeated the delusionals in the Swamp. The consumer already sees the gasoline price jump and is slowing purchases. There are no more checks coming.
This is why we have ransomeware
Democrats demand Barr, Sessions testify on Apple data subpoenas
It is not the Ruskie who is keeping the web doors open, it is the Trumpsters, the NSAm the Fed and Google.
And the state fights the Swamp for funding
County health agencies — fighting disease — also have to fight for state funds
And the Swamp fights the Fed for bailouts. And the Fed fights the petrobanks. And the petobanks raises oil prices. And the consumer suffers a downturn.
Send me a big enough check and I don't care
President Biden’s rescue package will finance a flood of questionable local government programs unlikely to produce much economic stimulus.
I mean we are frigged in any event, may as well send me a big one.
Powell promises to continue taxing poor people
Powell Has Wall Street Buying View That Inflation Won’t Last
At this point it is pretty clear the Powell is not going to budge until Yellen becomes firm about overcoming the California delusionals and fixing the government channel. The task is beyond Janet's power. The beatings will continue.
The Walmart economy
Thanks to stimmy checks and remote working, Western consumers have been on a purchasing spree of products from overseas, and major retailers such as Amazon, Walmart, and Target, have struggled to restock as supply disruptions continue to plague the world.
We have two skills, digging for oil and arranging Asian imports
Thursday, June 10, 2021
No check for me
Bipartisan group of U.S. senators says it has a deal on infrastructure framework
How can I support this if I don't get my check?
I'm a believer
There be some hit shitting the fan.
Long term view. Not quite the post Nixon Shock.
Notice we are much more volatile. I dunno yet.
Peter Suderman, you are a dimwit
The Pandemic Is a Case for Policy Humility
He makes the case that politicians should be humble about what they know. Then he praises Abbot for opening up the state early! Reason Magazine need to get better writers.
By the way, Peter, it is Abbot who restricted firms from right of customer refusal. I would have though a libertarian would have noticed the contradiction.
Wednesday, June 9, 2021
Some horse manure
Biden opens overseas trip declaring ‘United States is back’
Trump was pure dufas, but Biden is living in a long lost past.
Workers pay for government, wealthy get bonuses
While the White House has celebrated wage gains in recent months, the gains they celebrate are before factoring in inflation. In nominal terms, average hourly earnings rose 0.7 percent in April, or 8.7 percent at an annual rate. For production and nonsupervisory workers, they were up 0.8 percent, or a whopping 9.4 percent annualized.
But once we account for inflation, as measured by the Consumer Price Index, we find that average hourly earnings — again, by my calculation — actually declined 0.1 percent in April, or almost 1 percent at an annual rate, following a staggering 0.7 percent (8.3 percent annualized) decline in March. For production and nonsupervisory workers, real wages, by my calculation, declined at annualized rates of 4.5 percent and 0.2 percent, respectively, in March and April.
Both parties have one thing in common, making the wealthier and the poor poorer. They do this with federal spending, Biden, Trump, Obama. The only one who reversed the trend was Bubba Clinton.
Say no to jobs, no to government spending and demand a better deal.
OK, he is not quite as dufas as Trumpsters
Mike Pence Saved The Republic On Jan. 6 – And No One Is Talking About It, Not Even Him
That just puts him into the category of Kamala dufas.
Import prices too high
April Trade Deficit Decreased 8.2% on Lower Imports
And the consumer is worried about gas prices. I think we are in a small downturn, one of those mild slow downs but not enough for recession. Note the cash piling up.
Every regime gets their one shot at legislation
Ocasio-Cortez: Democrats 'burning precious time' with GOP talks
Then they get bogged down. That is why we call it a Swamp.
Yes, now send me a check
Gavin Newsom’s opponents say his actions are driven by the recall. Are they right?
The surplus is federal transfer money from coid relief. So, I don't care, send me a check.
Bernie meets petrodollar
The Sanders Tax Bill Would Hurt U.S. Oil Producers and Workers
The “End Polluter Welfare Act,” as they’ve dubbed it, would eliminate a critical tax provision that eases expenses for American oil and gas companies drilling domestically. This bill would eliminate American jobs, reduce wages, and make America more dependent on energy sources in the war-torn Middle East, in addition to raising gas prices.
And he plans to use the axes to subsidize gasoline consumption for his Green jobs agenda.
Tuesday, June 8, 2021
Bearer digital cash is possible on iPhoner
Apple introduced Touch ID with its iPhone 5s, and since then the company has taken user security to the next level. Secure Enclave is a coprocessor embedded in the device that runs completely on its own with its own operating system. Keeping all things security in a separate coprocesser prevents the primary chip from accessing any sensitive data. The coprocesser has its own operating system (SEPOS), which includes a kernel, drivers, and applications.
Uf Apple has done this right then the following is possible. I can can set up my iPhone so the enclave has a secret key even I cannot read. Thus the iPhone can accept, for example, a bitcoin address and treat that address like a bearer asset. any other iPhone with the same app will exchange bitcoin bits with me without reference to the block chain. The Blockchain signature is hidden from all human parties. The app will obey double spending rules. Then, at any moment, and iPhone holding these bitcoin bits can transfer them to a person address without revealing the secret key or double spend. And visa versa.
The Fed is not a standard currency banker
Pensions Are Almost Fully Funded and Coming for Your Bonds
A “massive rotation” into corporate bonds from equities may be on the horizon for U.S. pension funds as they become fully funded, according to strategists at Bank of America Corp.Why are econ Phd programs so naive.
Investment gains boosted the funded ratio of the 100 largest corporate plans to 98.8% in May, according to Milliman. That measure of defined benefit pension assets to liabilities has surged from 82% since July 2020, data from the risk management firm show.
The Fed exits the corporate bond market, their liquidity in in a tight loop, out the front and in the rear. Janet says it is time to taper. And pensions take price at the market peak.
Like, seriously, do econs call this currency banking?
This is infrastructure
Senate passes bill to boost US science and tech innovation to compete with China
Biden's bill is just check writing to his pals. Likely neither is a good idea.
And the ten year yield dips
WTI Dips After Smaller Than Expected Crude Draw, Sizable Product Builds
We are hitting the upper boundary on consumer purchases in gasoline. Oil prices could not hold gains above $70 which was the number predicted to support marginal fracking in the USA. We are still on petrodollar standard.
Monday, June 7, 2021
Discovering their own illusions
‘A lot of anxiety’ for Democrats as Biden agenda stalls
The anxiety of amnesia, learning to forget the realities of government then discovering them anew.
Not enough oil production to pay for it
Sen Whitehouse Worries Climate Is Falling Out Of Infrastructure Talks
The senator does not want CO2 reduction, he wants Green jobs and checks for his pals. He should, instead, send us all Green checks so we can all afford gasoline, not just his pals.
Supply chain disruption, mostly in government sector
Front-end yields held hostage by central banks around the world have engendered a silent shift in currency pricing: exchange movements are being increasingly influenced by changes in the intermediate and longer segments of the yield curve.
Currencies that were typically more responsive to relative changes in yields at, say, the two-year part of the curve are now responding more and more to shifts at the five- and 10-year segments, with the dollar being a case in point.
The flag part means local governments are unable to support themselves, especially in large states. Quite obviously a supply chain problem.
1.6% on the ten year seems to keep the dollar stable and oil prices bounded. This is the FX insurance, the risk to petrobanks.
Supply chain pricing
(Oil Price) As the prices of steel, cement and other raw materials climb higher and higher amid tightening supply, drillers in the U.S. shale patch are facing higher production costs, Bloomberg reports, citing Citigroup analysts.
Benchmark steel prices have gained as much as 60 percent in the year to date and a whopping 200 percent over the past 12 months, Barron’s reported last week. The rally was driven by the economic rebound in the United States, but the report noted that prices could not stay too high for too long, not if they are above the cost of production.
That may be the case with usual cycles in the commodity industry but, Barron’s noted, citing UBS analyst Andreas Bokkenhauser, this cycle is different. This time supply is limited, so prices have nowhere to go but up as long as demand is strong.
There are supply chains always and pricing takes time to settle. Econ got this one wrong for a hundred years.
Lots of myth making in the two party system
Schumer faces cracks in Democratic unity
Poliiticians then fail to separate truth from myth and get caught short.
Political campaigns from the Supremes are the problem
Clarence Thomas Declares War on Big Tech
All the court judges have this problem and he federal judiciary is hopelessly jammed.
Sunday, June 6, 2021
Ransomware will continue
Biden admin taking good cop/bad cop approach on hackings
US Troops In Iraq Targeted By Increasingly Sophisticated Combat Drones
Ben through this a dozen years. Congress and the administration do not have the capacity to understand the issue.
More drones:
We do nott have enough brains in the political system to attack these problems. Between the Trumpsters and the California delusionals, our political IQ has dropped ten or more points.
My check, my check god save my check.
Bipartisan lawmakers prep $878B infrastructure plan as White House-GOP negotiations drag
Our boneheads do not do infrastructure. This is about writing checks to their pals, and I had better get a fat check out of this.
Dianabeth?
Meghan, Harry welcome second child, named after Queen Elizabeth and Princess Diana
Or Lizadina.
Both sound like pharmaceuticals. I am bored today.
Rigged game
Why are there still so many help wanted signs?
Why do so many financial giants trade off the Fed?
Rigged game.
Saturday, June 5, 2021
Our children are going to devalue
The Deeper Anxieties of the Inflation Hawks
James you are not fooling us. This is about our generations overlapping, and the children will default because they are not paying for all the shit we bought before they were even born. I say more power to them, we boomers did it too.
Instead of covering it up we should think about helping with the defaults and maybe getting more efficient government in the process. Or we could have an old fashioned Nixon Shock. I am heading for neutral here, except I favor the children rebelling.
Ten years late
Payments firm Square is considering creating a non-custodial hardware wallet for bitcoin, the company’s chief executive officer, Jack Dorsey, said Friday.
Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought and sold for traditional currencies or other virtual coins.
With a non-custodial wallet, you have sole control of your private keys, which in turn control your cryptocurrency and prove the funds are yours. With a custodial wallet, another party controls your private keys. Most custodial wallets are Web-based exchange wallets.
Apple is on the case.
By the way, there are three forms of custodial wallet. Your control, they control or the bots control autonomously. I think Tim Cook has figured the basics of all this.
Joe don't like Commie Rats
Three US Senators Visit Taiwan Sunday In Another Shot Across China's Bow
Taiwan is about to be front and center again this coming week as Washington prepares for its next shot across China's bow - this time by another high level US delegation, something which China has long condemned as "signaling pro-democracy forces" on the island in contradiction to the official One China policy.
If data hijackers can hide our data from us, then why can't we hide data it from them?
CAMBRIDGE – Ransomware – a type of malicious software that restricts access to a computer system until a ransom is paid – is not a good look for cryptocurrencies. Proponents of these digital coins would rather point to celebrity investors such as Tesla founder Elon Musk, Dallas Mavericks owner Mark Cuban, star football quarterback Tom Brady, or actress Maisie Williams (Arya in Game of Thrones). But recent ransomware attacks, and cryptocurrencies’ central role in enabling them, are a public relations disaster.
Here is the test. If anyone wants data protection ask them if they want bots to protect the data, autonomously, unobserved by humans. See if they pass that test first.
Friday, June 4, 2021
Uncertainty
Why Is There Such Reluctance To Discuss Natural Immunity?
Sometimes the best we can do is seasonal immunity. ll the time the soonest we can figure out immunity is after a year and a half.
Do not listen to an ophthalmologist like Rand Paul, he would be no better job of seasonality then I.
Thursday, June 3, 2021
Whoops!
(Bloomberg) The surge in early retirements spurred by the pandemic is increasing inequality among Baby Boomers in the U.S., with older Black workers without a college degree more likely to be forced to exit the labor market prematurely, a study showed.
More whoops!
New Details Emerge Of "Highly Modified Drone" Snooping On Critical Infrastructure
Four years of kissing butt is enough
Pence: Trump and I may never 'see eye to eye' on events of Jan. 6
You and Kamala are still in the dufas camp.
Progressives want checks
Progressive activists have mostly kept their cool as President Joe Biden’s infrastructure negotiations with Republican senators stretch on longer than planned.
But with talks ongoing and new concessions being offered, leaders of liberal organizations say they’re losing patience, fearful that the White House is wasting time in pursuit of Republican votes that are unlikely to materialize.
At this point, Biden already blew the defense budget way high, most if which is mis-spent. Government doe not do infrasructure anymore, way too late for that. All that is left is checks, send them; or get off the pot.
Egads, no water
OROVILLE, Calif. (AP) — Each year Lake Oroville helps water a quarter of the nation’s crops, sustain endangered salmon beneath its massive earthen dam and anchor the tourism economy of a Northern California county that must rebuild seemingly every year after unrelenting wildfires.
But the mighty lake — a linchpin in a system of aqueducts and reservoirs in the arid U.S. West that makes California possible — is shrinking with surprising speed amid a severe drought, with state officials predicting it will reach a record low later this summer.
But the mighty lake — a linchpin in a system of aqueducts and reservoirs in the arid U.S. West that makes California possible — is shrinking with surprising speed amid a severe drought, with state officials predicting it will reach a record low later this summer.
Afghanistan suffers de-evolution
UN sounds alarm over threat posed by emboldened Taliban, still closely tied to al Qaeda
When you are naturally unselected then go to Afghanistan.
Walk away, Joe
Biden Signals 'Major Changes' To Tax Proposal To Win GOP Support
You are beginning to sound desperate. Maybe you should hand this off to Kamala and bury it.
Kamala didn't really fix the problem?
Biden fails Texas: Governor Abbott issues a disaster declaration along Texas-Mexico border
She has to have more skills then screwing the mayor.
Wednesday, June 2, 2021
Right logic, wrong semantics
Sinema defends filibuster, sparking progressive fury
Sen. Kyrsten Sinema (D-Ariz.) is sparking a new round of progressive fury with her defense this week of the legislative filibuster.
Sinema, speaking to reporters alongside GOP Sen. John Cornyn (Texas) in Arizona, indicated that she hadn't shifted from her opposition to changing the Senate's rules, arguing that it "protects the democracy of our nation rather than allowing our country to ricochet wildly every two to four years."
Everything correct except we are not a democracy, that is the catch, we are a republic. Yes government swings and cause recessionary cycles, usually about every eight years.
Yet another NSA headache
Drug cartels attack enemies and spread terror with weaponized drones in US, Mexico
The cops need to shoot down the unidentified drones, but the NSA is making secure identification illegal. The NSA will be in crisis soon.
Oil nears 70, ten year yield below 1.6, and dollar stable but down?
The system is not working the same as it was a year ago. $70 is attracting OPEC supply increases. Gas prices on the consumer will generate resistance to growth.
We are rebuilding supply chains and higher oil prices hinders the effort as import prices rise. The economy is never settled.
Retirement stampede hits two tiered labor reform
Earlier this year, the California State Teachers Retirement System issued an ominous statement: teacher retirements in California are projected to hit nearly record-breaking heights in 2021.Author thinks we will live through it. Sacramento will step in, again, for partial funding.
The statement, which came in the form of a February blog post, said that the numbers will be almost as bad as the year after the Great Recession when more than 16,000 teachers retired.
While short term effects are being felt in some areas, in many school districts the tsunami of retirements is barely registering as a ripple. While interviews with administrators, teachers, and union leaders do not paint a rosy picture of the situation, neither is it expected to be crippling.
The labor reform of Jerry Brown left Boomers getting the break and costs dumped on young teachers. That reform will not hold and we will need Sacramento funds.
Mexican standoff
Climate advocates in the Senate are worried about missing what they see as a once-in-a-generation chance to shift the nation’s spending priorities to clean energy, warning they’re prepared to hold up any infrastructure package that doesn’t deliver on that front.
We also have oil senators.
I remember you were quite the bonehead
'If this thing qualifies, I'm toast': An oral history of the Gray Davis recall in California
The gubinator was no better. California is sort of doomed, Jerry was the only one who could hold it together.
Tuesday, June 1, 2021
Nominal vs real in government interest rate
What is the real return from government debt? Long term view is tax income vs debt costs. It is up and down, up and down. The chart compares the yearly yield cost on all debt, with yearly yield on tax receipts. My eyeball observaion tells me government is losing on debt.
And we have to treat seigniorage taxes as an interest rate payment, so the blue line is actually scaled up a fourth after the 2008 crash. That drop in the blue just after the crash is the Fed taking up tax collection duties.
Econs often tell you the instantaneous comparison with the current rate vs current consumer inflation, or five year forward on consumer inflation. Government does not shop at Walmart much and the comparison is a bad idea. Whatever gains the government makes during expansions always seem to be lost during recessions.
Also note that the bond market generally watches total debt costs vs current ten year rte, keeping those two in line. The key drive in all this is disinflation, the economy is much better at pricing.
Michael Flynn calls off planned mass shooting
"Let Me Be Very Clear": Michael Flynn Sets Record Straight On 'Coup' Comment
If thee ever was a cause to cur defense spending, this nut case is it.
Never follow these boneheads to war. I think American rice farmers should build bunkers as long as we have these nutcase generals.
There is another bonehead out there, Oliver North. But he is 77, likely too old to plot with Flynn.
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