Tuesday, July 25, 2017

The Congressional anti-gravity machine is working

So, Janet has reduced our seigniorage fees, she raised interest charges on the senators and increased interest payments to member banks.  That 2.4T investment in the senators is paying off, everything works in their production!

Or not, maybe the Fed is mis-interpreting, as in the title, 'Broken  Transition' should read 'Broken Interpretation'.  I think we are all Deja Vued out regarding the senators. We are just getting back some of the interest payments the Fed took in the recent years and the economy is still the doldrums. We are ready to net present value the senate down a few notches.

A Btc hard fork is fine and dandy

One miner segment wants to take voluntary accounts over to a larger block chain format without the Segwit.  The other has already adopted Segwit. Both will find niches, and the value of the niches, in sum,  greater than their separate parts, together. Now it should pay off, it is not a crowded market.  If they do it too often the ledger network becomes transaction costly, jammable.

No arb cash can watch the respective ledger queues and price stability in the coin price ratio. The two should trade at par, minus two tradebook uncertainties. The second trade uncertainty is the comparative congestion among the two ledgers, it is measured across exchanges.

Works fine, or  still works fine if you don't. We will S&L it and micro price all the queues.

With all the racism in the Cal Dem Party, who would notice this infraction?

WATCH: CALIFORNIA IMAM CALLS ON ALLAH TO ANNIHILATE JEWS

Evolution in action

UK Mirror:
Sperm levels among Western men have plunged to a record low, new research reveals.
It has fallen by more than 50% in 40 years – and is showing no signs of slowing down.


The study did not examine causes but scientists believe the amount of ­chemicals used in everyday products, industry and farming may be behind the crisis.
Researchers from the Hebrew University-Hadassah Braun School of Public Health and Community Medicine and the Icahn School of Medicine at Mount Sinai, screened 7,500 studies that took place between 1973 and 2011.

VIX, what is it?


It is constructed using the implied volatilities of a wide range of S&P 500 index options. This volatility is meant to be forward looking, is calculated from both calls and puts, and is a widely used measure of market risk, often referred to as the "investor fear gauge."
Read more: VIX (CBOE Volatility Index) http://www.investopedia.com/terms/v/vix.asp#ixzz4nrm6jlDi 


When VIX is high that means the expected prices of the index are all over the map.  Everyone is ignoring the index and pricing stocks individually based on fundamentals.

When VIX is low that means all the traders are 'waiting for Janet'. Usually, when waiting for Janet the one year is low and the index and the one year tend to converge.  I has another name, wealthier getting much wealthier while waiting for Janet to subsidize the Swamp.

Sandbox needs S&L tech says BofA

A discussion of BofA's report on crypto says  that we need to pledge bitcoin as collateral. That means a margin technology, or savings and loan technology is not there.  Bitcoiners? Getting the message?

Still, bitcoin and ethereum have delivered impressive returns so far as fiat currency flowed into these digital tokens. Is it realistic to assume cryptocurrencies will continue to appreciate over time? The dollar price of gold has appreciated over centuries in line with inflation, but some periods have experienced much faster gold price appreciation than others. Moreover, periods of high real interest rates have been particularly damaging for gold returns in the past. In our view, cryptocurrency returns will mostly depend on the faith placed by individuals, corporations, and financial institutions on this emerging technology. As discussed earlier, there are large inherent risks to digital tokens such as fraud, hacking, outright theft, new protocol adoption, limited acceptance, and that it is not legal tender in many places in the world. Moreover, a crucial hurdle remains. Most regulated financial institutions allow their clients to borrow against financial or physical assets, but we are not aware of any major institution that takes cryptocurrency as collateral at the moment. Thus, in our view, a key step for bitcoin would be for it to become pledgeable collateral.

How can bitcoin get this done?

Custodial, branded side chain assuming trusted network.  Pledge a bitcoin wallet as bit error capital and go offer loan to saving auto trading, like a credit/debit card combined, or like a money market with asynchronous terms.  Be sure and dump time, leave term debt to the smart layer where default insurance is available. 

When you attempt monopoly banking your ability to price goes away

I get tired of these bozos.  

Basic econ says we need some competition to get efficiency. These two nuts never thought that the rule might apply to currency banking, simply stupid.

Unions take most of it

California’s funding of education has gone from $50.4 billion in the fiscal year that ended in 2012 to $74.5 billion for the current fiscal year – a nearly 50 percent increase that’s far above the less than 9 percent increase in the Consumer Price Index over the same span.Nevertheless, this summer has seen a steady stream of stories from school districts up and down the state warning of tight budgets, coming layoffs and worse. Ron Bennett, CEO of School Services of California, which advises more than 85 percent of the state’s nearly 1,000 districts, told the Bay Area News Group that one-third of districts face deficit spending in the 2018-19 school year and two-thirds do in 2019-20.
Then all the school districts go on a low interest rate construction binge fueled by corrupt school board kickbacks. So, I say we should refuse to pay taxes. 

Monday, July 24, 2017

California is where the GOP states send the sick

California prepares to fight GOP attempts to undermine Obamacare

Among the strategies is a fallback plan in case the Trump administration eliminates the subsidies that help low-income Obamacare enrollees pay for out-of-pocket medical expenses. And should Trump use his executive powers to weaken the enforcement of a critical part of the law — the individual mandate requiring people to have health insurance or pay a steep tax penalty — California could impose its own.Finally, if Trump curtails the advertising surrounding the upcoming 2018 enrollment season, as his administration did last winter to drive down the number of sign-ups, Covered California can rely on its own robust budget for marketing and outreach efforts.
That is the plot. 

The GOP generally blames California for the entitlement imbalance.  A fair  outcome  is to send all the sick to California to live on the streets  of LA. The mayor of LA likes the idea..

Laser hair removal is a right for everyone

UC-Berkeley Adds "Laser Hair Removal" To Student Health Plan

The University of California, Berkeley will soon add “laser hair removal” and “fertility preservation” to the list of “transgender student services” covered by its student health insurance plan.

Cannot discriminate based on gender(s) according to some Swamp money requirement. 

 So, men, feel free to get a laser shave, courtesy of the professors' pension.