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Powell holds the line.
Powell is holding steady to support HONEST business and REAL economics. He’s clearly sending a message to Trump and Elon that he won’t back down to satisfy Elon’s endless universe-consuming greed. Trump is NYC. Trump is Wall Street. Trump wants ZIRP and QE to return so his allies can finish bombing the country down to…
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Fast end to fakery
After only 9 days in office, Trump’s old trick is already obvious. = = = = = Reprint from 2019: Faker Trump has pulled his favorite fake trick again. He wrote a fake “executive order” designed to provide political ammunition for the enemies of populism without actually changing anything. His previous fake “order” encouraging religious…
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Meaningless meandering about dreams
For the last 10 years or so most dreams have signaled time to wake up by catching the bus from downtown Spokane to home. This was the real-life routine during the 90s. After 2001 I’ve been working from home. Dreams always run 20 years late; in the 90s most dreams were still in Oklahoma where…
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New meaning for old acronym
We know how the LBO predators work on corporations. Old-fashioned protection racket. They barrage the company with lawsuits and obstacles and “accidents” and low-priced competition until the company finally gives in and sells cheap. We’ve seen the same thing with the “global warming” racket, which gives insurers a “protective” reason to cancel coverage, again driving…
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Simplest explanation
Looking at the recent history of economics as reflected in the automotive industry, one pattern is clear. Companies that focus more on products and profit are able to survive hard times better than companies that focus more on Share Value. The most dramatic example is Studebaker vs Nash. Both were about the same size in…
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Lysenko again
New “scientist” covers the Chinese DeepSeek bubblepopper from the official “science” view. They show the standard blindness of our system, but they also show a rare objective understanding in a related area. Yesterday I discussed our blind spot that prevents us from seeing WHY other countries can do shit better. Sputnik was the classic example.…
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What we lost
In previous item I focused on our loss of innovation and flexibility after we switched to all finance and all monopoly. China and Russia didn’t make the switch, so they continued working with LIMITED RESOURCES. Now they’ve beaten our stupid MAX-FINANCE and MAX-THEFT approach to AI, with a technique that can run on normal computers…
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Trying to figure this out
The good bureaucrats in the Biden admin who worked to restore the New Deal restrictions on Men Of Monopoly are now seeing their work smashed and deleted. This didn’t have to happen. It didn’t happen the first time, so the alternative is POSSIBLE. The original New Deal was NOT smashed by the next few presidents.…
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Government and profit
Why I enjoy reading Wolf Richter and his experienced commenters, yet again: Wolf discusses the Elonic order to clear out unused government office space. Wolf shows that the feds do in fact own and lease a LOT of unnecessary real estate. About 7000 buildings are vacant and many more are part vacant. Some commenters wonder…
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Reprint again on Russian tech
Apparently China has busted our idiotic monopoly on job-destroying AI, which might bust the AI stock bubble. The bubble was bound to pop anyway, and some observers thought it would pop soon. All stock bubbles pop when the inflators want to cash out. Of course the Chinese effort might not live up to its claims;…
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I’m everywhere!
Social media relies on your iPhone to keep you located at all times. For “underprivileged” nonphoners the location can be way off, which is just fine by me. In the real world I live in the northwest corner of Spokane. When I was using Comcast, most websites claimed I was in Millwood at the east…
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Bad future?
One of the industry films in my bedtime playlist (probably from 1955) cites stats about the power of the auto industry. One out of seven Americans worked directly for car makers or their suppliers, and another two out of seven depended completely on cars and trucks. Most of these films tried to extrapolate current stats…
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Fits the pattern
Quick thought, might be invalid. For a long time I’ve noticed that the Wokies are correct about lots of basic concepts. First and most powerfully, LIVED EXPERIENCE makes better learning than memorizing theories. This has been my guiding passion for many years. Second, the older cultures, including the old Americans and most Africans, know how…
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Good nuke news
A pro-nuke substacker caught an instructive switch in bureaucratic direction. A law passed by the mixed-party congress in July 2024 (before the election) and signed by Democrat Biden REQUIRED the Nuclear Regulatory Commission to stop blocking new construction and start encouraging it. The agency predictably did nothing until Trump’s new head of nuclear policy changed…
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Return of an old rule
Noticing a repeat of a very old rule. Back in the 60s I was listening to shortwave from various countries. It was clear that Britain and Russia and Portugal had a more objective view of Vietnam than any of our politicians or media. Now I’m getting the same clarity from Canada. Looking at CTV and…
Polistra's Mill
Be your own beacon.
Polistra's Mill 