Tag: Powell!
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Sort of refreshing
Satan Altman has been fired from his own OpenAI. Cofounder Brockman also “quit” at the same time. Rumors are treating it as the usual “sex” crap, but “sex” crap is ALWAYS a cover story. This is interesting and sort of refreshing in one way. Tech tyrants generally control EVERYTHING. Their corporations have boards, but the…
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Henry would be proud
And I mean both Henry Ford and Henry Wallace. UAW is the good news in today’s mess. Through careful and clever analog strategy, they achieved tremendous victories against all of the Big Three. Now the non-union carmakers are starting to feel the pressure, raising their own starting wages to remain competitive. When corporations compete to…
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Meaningless word peeve
Political spammers keep asking me if I’m proud of Biden or proud of Trump or proud of America. In the first fucking place, I have nothing but hatred toward all excrescences of the national government, with the possible exception of Jerome Powell. In the second fucking place, proud can’t possibly apply to these entities, even…
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More thanks for advice
Continuing in thanks for good advice mode…. Noticed this while browsing Substack. The Bob Brinker financial advising firm is still around and still advising, and now it’s recommending Series I bonds again. Brinker retired a long time ago and died earlier this year; the firm is carried on by his successors. Back in 2001 I…
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National Savings Day is real now.
National Savings Day is an obviously commercial “day”, founded by Capital One in 2017 during the 15 years when “savings” was a cruel myth. I guess Capital One hoped to bring in more deposit money without paying for it. This year, for the first time since 2008, Savings Day is NOT a cruel joke. Banks…
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Hmm…
Interesting admission in CoinDesk’s live coverage of the Sammy trial and other bitcoin-related events. A lobbyist who helps bitcoin companies deal with regulation said: The regulators have shut down the major banks who served the crypto industry, and placed strong restrictions on other banks. If you can’t work with a bank you can’t succeed in…
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Resonates
When I was doing a series on cipher machines I used a 1917 article on ciphering as a source. The article was in Everybody’s Magazine, a popular literary and cultural mag that’s now forgotten. The same volume included a huge pile of anti-German propaganda, which was required by Wilson’s Deepstate to sustain our participation in…
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Classic Mach
There are two bright spots in the current horrendous landscape: Jerome Powell and Unions. After 50 years of collaborating with the corporate demons, SOME unions are regaining their proper anticorporate gumption. (Or Gomption.) The Hollywood writers have achieved a remarkable victory, getting everything they really wanted. Earlier I was unsure of their tactics and destination,…
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GOOD question
In a Bloomberg podcast today, the host asked a GOOD question. The guest got distracted and didn’t answer the question; I don’t think she was consciously avoiding it. Question: For many years financial media have told us dozens of times each day that The Market Baked In a war or inflation, or The Market Priced…
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Noticing the problem
For a long time I’ve been hammering on the fact that academic “social science” is totally disconnected from reality. It operates on a standard set of weird preconceptions about ordinary people. The real social scientists are advertisers and marketers, who understand real people deeply and use their understanding for profit. The rule seems to have…
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More positive signs
Wolf picks up another sign of returning economic normalcy. Corporations have stopped fighting Powell, stopped betting on a “pivot” back to lunacy. They’ve settled into a future of NORMAL interest rates, offering long-term bonds in the 6% range. This will open more channels for loose cash to move away from IPO and SPAC and Bitcoin…
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The rebirth of gravity
Thoughts on the ladder of evil. Hedge funds and ‘family offices’ are the purest expressions of the will of rich demons. They don’t pretend to need customers. NGOs and foundations are the swarming branch of ‘family offices’. Historically the foundations were the first to adopt evil ideas, and the first to spread those ideas into…
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Reprint from a year ago
One year ago I wrote this. At that time I didn’t see much hope. Now I think we’re starting to see real signs of the changeover. Why is the ice breaking? Jerome Powell stopped the free-money music that was energizing the demons. = = = = = START REPRINT: We need a Foy Rebellion. Yesterday…
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Powell wins
This is an important landmark, switching the gradients of investment. Savings now yield more than stocks, by the usual averages. This will make life easier for pension funds and insurers, who no longer have to seek crazy IPOs and SPACs and SWINDLEs. They can return to their historical habits of stability.
Polistra's Mill 