Tag: Powell!
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Journalism is a cult.
After trying to read more weirdly lunatic shit from NiemanLab, I reached a conclusion. Journalism isn’t entirely crazy, it’s a high-status cult like Scientology. The members live in a completely isolated bubble of thought, surrounded by their fellow cultists and hearing only their fellow cultists. Reprint of a more general version from 2017, which isn’t…
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Metaphor explains it
Wolf writes up yet another stupid Venture Capitalist trick that failed AS INTENDED, leaving the insiders vastly richer and the public shareholders broke. This specific trick was a small Calif wine company that went on an “acquisition spree” during the time of free counterfeit, then crashed when Powell restored real business. I can’t understand the…
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The only decider
Vance’s speech is great. Hits all the points correctly. I’ve learned to ignore words and listen to what HAPPENS when one man or party is in power. Trump also gave great speeches in 2016. When he got power he joined the Bush regime, enriched the rich INFINITELY, and imprisoned and killed and gagged the poor,…
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If votes mattered…
Playing the “democracy” game for the sake of argument, assuming that my “vote” would make a difference. I judge rulers by what happens when they’re in charge, not by what they say. What happened when Trump was in charge? He imprisoned and waterboarded the entire nation, and the central bank poured 20 trillion dollars into…
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Genocide awards
Business Blunders writes about Fisker, one of the thousands of QE swindlers who took advantage of the free money flowing through idiot VCs. Fisker has run up fake companies many times and pulled them into bankruptcy many times. = = = = = START QUOTE: Why would anybody buy a car from this guy? He…
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Not so bad
Maybe AI is a good thing after all. Lever News, a ‘progressive’ site, pulls together some facts about a side of AI we normally don’t consider. The data centers for AI servers are adding a huge load to electric grids, and the electric utilities are keeping coal power running to satisfy the need. = =…
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Maybe it was….
Stoller finally figures out that Trump is a fraud. SOME OF US figured it out a lot sooner. After his inauguration I kept waiting for the promised action, saw a couple of changes that looked good, but no steady movement. If you want to reform an organization, you need to hit hard in the first…
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Watching the football
VW has pulled back from the EV craze and decided to continue developing gas engines. They’ve moved most of their future development budget back into real car engines. The EV craze was partly motivated by Elon’s cult power and partly by Share Value imperatives. Elon’s prank follows the model of GM’s pranks from the ’50s…
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Pants on the ground
Here’s a perfect contrast to Establishment Rushfield’s hardass economic realism. Compact mag explicitly claims to be populist. Some of their articles fit the promise. This one goes the wrong way. = = = = = START COMPACT: The problem Biden faces is that a long-simmering cost-of-living crisis—reflected most but not exclusively in stifling housing prices—has…
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Belt and suspenders
Rushfield hits the nail again in the middle of a general news column: = = = = = START RUSHFIELD: We’ve been living in an environment of very low-risk speculation thanks to a decade of low interest rates, also known as a speculative bubble. That affected entertainment as much as anything else, as people poured…
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Reprinted and examined
Linked in previous about bitcoin, worth reprinting and checking against later developments. = = = = = START 2017 REPRINT: Shared lies have been around as long as political partisanship. Both parties agree on a false definition of the problem. Party A says this is good, Party B says this is bad. Neither side is…
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Supercondensed matter
This 1954 promo for the Nutrilite supplement is well produced and typifies a long tradition for MLMs and related scams. Bitcoin follows the same tradition. Both pivot on a false idea of super-condensation. The product is EXTREMELY valuable because it’s EXTREMELY condensed. Condensed products are a wonderful idea, making extended storage and savings possible. Condensed…
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Great old idea
Via ReligionUnplugged, a British preacher is offering a 15-minute web program of meditation and prayer. Smart idea. Many people are still solidly Christian but got tired of devoting a half day to church, especially when church didn’t bother to defend them against the “virus” holocaust. If the priests won’t fight the most satanic supercrime in…
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Eat it, Elon.
= = = = = START QUOTE: Return-to-office mandates at some of the most powerful tech companies — Apple, Microsoft and SpaceX — were followed by a spike in departures among the most senior, tough-to-replace talent, according to a case study published last week by researchers at the University of Chicago and the University of…
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Let a hundred basis points bloom
Not a good analogy, but maybe the comparison will help me to think about one of the parallels. = = = = = The solid side of the parallel: ZIRP was an extreme outlier, totally unprecedented when Bugsy Bernanke ordered it in 2008. Previously the expected interest had pulled down to 2% at some points…
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