A herd of affirmative acting hens

Biden's delay in announcing running mate intensifies jockeying between potential picks

Biden exercising his toddler mind.  My chihuahua is rising in the polls.

Consumers avoiding the Fed tax

Consumers Use Free Money to Pay Down Debt

Mish gets this a bit wrong. Here is a better reason:

How Much Are Bank Fees - The Latest MoneyRates Update

Monthly maintenance fees on checking accounts have reached a new high, and so have ATM fees. There are cheaper options, though - so the message for consumers paying those high fees is "move or lose."
Monthly checking account fees now average $14.13, the highest level in the seven-year history of the MoneyRates.com Checking Account Fee Survey. This means the average fee would cost you a total of $169.56 over the course of a year.
Add in ATM fees and overdraft fees, and you could be spending hundreds of dollars just to have a checking account. That actually equates to hundreds of dollars wasted, since there are ways to pay nothing for your checking account.
The latest MoneyRates.com Checking Account Fee Survey shows the widening gulf between free checking and what most accounts actually charge. This survey can help you shop for a cheaper checking account.

These fees are all related to the seigniorage taxes which must be passed down.  The good effect of the stimulus game is to raise taxes so government can pay for all the crap we vote for. The bad news is that the Fed Tax is highly regressive and makes wealth concentration worse.

We would be better off using Congress to tax ourselves. But Fed taxes are perfectly legal and Congress could object at any time.

The Fed's Kashkari gets it exactly backwards:

Federal Reserve Bank of Minneapolis President Neel Kashkari told CBS’s “Face the Nation” that Americans are saving more because they aren’t going out as much during the pandemic, and as a result there would be less need to borrow from abroad to finance additional fiscal aid.
“So while historically we would worry about racking up too much debt, we’re generating the savings ourselves. That means Congress has the resources to support those who are most hurting,” he said.

“Right now the U.S. can fund itself at very, very low rates. Congress should use this opportunity to support the American people and the American economy.”
“If we were to lock down hard for a month or six weeks, we could get the case count down so that our testing and our contact tracing was actually enough to control it,” Kashkari said.
“If we don’t do that, and we just have this raging virus spread throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we’re going to see many, many more business bankruptcies.”

He is likely from MIT and cannot close the Lucas criteria loop. That tax comes from somewhere, and generally it comes from exactly the people who get the  money. He can never figure this out if he was flat earthed in college, the mental flaw is permanent.

Unelected unions rig the initiatives

Campaigns accuse California AG of slanted descriptions of ballot initiatives

One has to go to the US Supremes to fix the problem, the Cal Supremes are union managed, like the legislature and executive.
This is the Franciscan Law, and Kamala is deep into this mess. You do not want to bring this type of Law to the Swamp.

Relative prime theory

Four some set of M relative primes the optimum set is one that can make a transition in an N dense set of relative prime 'scales'.  This is the jumping in a Markov N-Tuple tree.  It is finite, the rotation among the relative primes has to fit on Lie paper. But the salad bowl is hyperbolic, circular. At each dimension there is a point where the relative primes would over run the Lie paper, the product of all relative primes taken to the p^p, as that is the maximum number of Bayesian set possibilities without repeating sets. There is a Horwitz theory for each set M of relative primes. There is a round off error, each time, and that round off error is not irrational and is limited to M * (M+1) states.  So the M color operator is simply managing this small, finite error matrix.

The system has to be an algebra to keep that error matrx from congestion.  Over running the Horwitz limit is letting the error matrix exceed capacity, and it jumps to M+1, if N density supports it. It never does.  There is a limit to the number of time one can apply the Einstein relativity trick, each of those tricks is a Markov finite jump up the current tree. In physics it shows up as divide by zero.
My point. The universe is a triple but bumps up against Avogadro now and then, recombing the quarks and restructuring mass. A lot the way the proton works, a kind of hybrid. It is more likely we hit that point before we collapse.  This has to be an ongoing process, a failed attempt to slow light. The model with two 3D systems, each sharing the spin axis, but otherwise it appears as a second term in the cosmology constant. There is a barely noticed vacuum torque we have not accounted for. Equivalent to the strong and weak forces.

Finding the torque on the vacuum is equivalent to finding the next relative prime up to M+1. Which one does by finding the closes 4 Tuple to 108. It is like a 1,3,11,131 or somehting like that.That dissolves into the closest 3 tuple, except the 131 or so (check my math). That residual is partially conserved, Black Hole radiation. It is a low buzz, but at the open boundary of the universe, it does not quite close, but is nearly infinitely repeating, with violent collisions where there is a massive, momentary pause in light and mass created. quasars might be the name. This would be the natural state for any god given N density, one M that sloshes against the M+1.

This theory also explains why physicists like to smash protons, they want to touch the fourth dimension, find that 131. That slosh makes us sphere packers. We get a subtle second moment of kinetic energy, and the sphere becomes layered as we are forced to partition the Markov triples. It all makes sense, the math should work.

If you take a random assortment of vacuum, the first triple is easy to find, by accident. But it gets us up the ladder. And the stable point is sufficient to reject all other vacuum assortments to far away.

He never got the math

Keith Oliver's Supply Chain Management definition[edit]

Oliver defined in 1982 the Supply Chain concept as follows: “Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption”.^[16] Since then, almost all Supply Chain Book authors have developed their own definitions. Some of them are subtle variations and others add more detail, but most of them remain close to Oliver's original definition..

Faster than the definition.

When the probability of an inventory shortage is equal at all stages of production.  That is when the arrivals look maximally Gaussian and can be treated using congestion theory ( Gaussian noise for the  engineers). At that point the distribution network looks like independent arrivals. Each node then deals with discrete Poisson inventory statistics. They are optimally congested, relatively independent and for a Markov chain, they are one node on the tree.

There is a simple trick, the Markov condition tells you to keep no more than two trucks in the incoming queue.  Walmart is the master at this.

Government is a supply chain, and bot do we foul it up in the USA. We have jamming all through the system, whole crowds waiting in line, clamoring, rioting. Very few economists seems to understand the problem. Yet almost everywhere other sciences have been well clued on this for a long time.

It is the same theory as optimal portfolio management, both considered an independent arrival problem, except portfolios generally contain too many categories, (Markov N-Tuple). In theory, the entire investment business can be condensed into one S/L as long as corporations all used standard accounting. If so, then the sandbox automated S/L tech could replace the stock market.

If you think of Shannon information theory he is talking about the three entries and exit to the store. Clerks, customers, and supplier; a Markov triple. Customers are Gaussian noise, the clerks manage the sample rate of suppliers.  They all share finite bandwidth in a self sampled system.   The Walmart store is mostly about supply, one of the Markov triple.  In general stores are tripples.

When he says the -iLog(i) are all within one, he means you can count up as many digits as you have various i.  The more  The optimal congestion condition centers them all as maximally binomial with a fair coin.  The lengtheir you supplier,  the greater the precision of i, and this is the link to number theory.

There is a limit to how precise you can make i and still balance the three  binomial arrival distributions. That limit is there because Shannon is operating on the (1,y,z) chain, one of the relative primes is unity.  The limit is due simply because nothing is perfectly Gaussian, his assumption. It implies we precompute the generator and Gaussian noise is perfectly rounded independent arrival.  In self sampled systems we have to distribute the map, otherwise we cannot jump Markov nodes. Finiteness connects to number theory via the Horwitz theory. Self sampled systems have an Avogadro, and when they hit that limit they bounce into a 4 -Tuple. Getting you another version of relative prime theory.

GDP drops 9% in one quarter

That annualizes to about a 30% drop.

How long will the recession last? Until we get a partial vaccine and that is still five quarters away.  Stimulus does not help much, it just causes people to run around and get covid infected.  Eviction moratorium might be better, it is capital control time.

Since we cannot spend safely, that is spend without getting infected, less stimulus is better until the covid partial vaccine looks more promising. I would buy into a supplemental unemployment insurance for a year, but that is about it.

Kamala is only half Black

Black Lives Matter co-creator: Biden must choose a Black woman for VP

Do the BLM folks really want a half Black affirmative action candidate? They will get all the blame for half the Blackness. I say go for the real stuff.

Democrats Ply Biden With Running Mate Alternatives to Harris

There is an anti-Kamala movement among Dems. Is there a better mostly Black woman.  There must be one among the crowd.  This reminds me of Sotomayor, I mean the affirmative action crowd couldn't find a smarter Puerto Rican female?  Take an extra couple of weeks, delay. We all know it will be an affirmative action choice, so the VP is already part woman and part Black.  Just hold off.

My other fear is that Joe will pick someone from psychological reasons, mainly a gal with nice boobs. We want to avoid that.

AOC wants Mother Theresa banned

AOC Calls Statue of Priest Who Ministered to Leper Colony an Example of ‘White Supremacist Culture’

Doesn't look like lack of demand to me

Looks more like a pandemic shock that is still settling.

And further it looks to settle in a contraction. We are losing economies of scale and no government spending will cure that. at this time. A government default, done right, can help.

Chart from Mish.

Death by Repub stupidity

Gohmert was scheduled to fly to Texas on Wednesday morning with President Donald Trump and tested positive in a pre-screen at the White House. The eighth-term Republican told CNN last month that he was not wearing a mask because he was being tested regularly for the coronavirus.
"[I]f I get it," he told CNN in June, "you'll never see me without a mask."
Reps. Mario Diaz Balart (R-Fla.), Neal Dunn (R-Fla.), Morgan Griffith (R-Va.), Mike Kelly (R-Pa.), Ben McAdams (D-Utah) and Tom Rice (R-S.C.) have tested positive for the virus, along with Sen. Rand Paul (R-Ky.).

Whoops!