Wednesday, October 16, 2019
The new capitalism they say they want is the old capitalism run by Christian civilization, where doing unto others as you would have them do unto you was more important than money and "freedom"
And you can't impose it from the top. Populate business with actual Christians and you'll get it, but where will you find them anymore? They've been drummed out of society at every level.
Tuesday, October 15, 2019
Monday, October 14, 2019
The annual October report of W-2 payrolls is out and shows NO JOBS BOOM under Trump, just mediocrity
Trump is merely Bush-league.
Payroll creation in this cycle peaked under Obama in 2016 at 227,159 per month.
Payroll creation in this cycle peaked under Obama in 2016 at 227,159 per month.
Matt Taibbi: "The people pushing hardest for Trump’s early removal are more dangerous than Trump"
My discomfort in the last few years, first with Russiagate and now with
Ukrainegate and impeachment, stems from the belief that the people
pushing hardest for Trump’s early removal are more dangerous than Trump.
Many Americans don’t see this because they’re not used to waking up in a
country where you’re not sure who the president will be by nightfall.
They don’t understand that this predicament is worse than having a bad
president.
Read it all here.
Whistleblower is connected to Joe Biden
The 2020 Democratic candidate with whom the CIA whistleblower had a "professional" tie is Joe Biden, according to intelligence officers and former White House officials.
More here.
Sunday, October 13, 2019
I don't think I've ever seen Jeff Snider shake his damn head: Tbills are the very best collateral in repo and the Fed has decided to lock them up
This is going to be highly . . . educational, but the Fed will still flunk out in the end.
When aiming your gun at the ground, make sure your foot is not in the way when you pull the trigger.
Welcome back to the same stupid shit: Quantitative Easing, Round IV, with a half twist back flip
The long-promised balance sheet unwind stopped in early September, never getting it even remotely close to pre-Great Financial Crisis levels. Maturing securities then began to be used to purchase more of the same again, increasing the balance sheet, as plainly shown in the graph.
Now that will get even worse as the Fed begins buying $60 billion a month outright in new Treasury securities on top of this reinvesting of maturing securities. The Fed claims this is not QE because they're only going to buy Treasury Bills, not longer dated Notes. Money market rates, where many investors had parked lots of cash to take advantage of better returns than they could get on long dated securities, have already fallen. Now there will be no place left to get any decent return without tying up your money for ten years paying 1.76% and thirty years just 2.22%.
Thanks for nothing Trump!
The FOMC voted unanimously to begin to purchase Treasury bills at an
initial pace of about $60 billion per month starting Tuesday. The
purchases will last at least into the second quarter of next year.
Read more here.
The lawyers suck because their PROFESSORS are even worse
Claire Thomas is director of something called the Asylum Clinic at New York Law School |
Smith is at DOJ, is adjunct at George Washington and George Mason Law, was a John McCain staffer |
Washington Watcher II puts some lipstick on the Trump immigration pig
Trump is up against a 21st-century nullification movement. Trump does, of course, have options. As A.W. Morgan wrote recently,
Trump could assert his authority as the executive, a co-equal branch of
government, defy Congress and the kritarchs, and arrest sanctuary
officials on federal obstruction of justice charges. He can’t enforce
law, as is his duty, if judges and state and localities block him at
every turn. ... Because of inexplicable staffing decisions, Trump’s foes now often
work for him, with the inevitable result. The most recent Homeland
Security chiefs—Kirstjen Nielsen and Kevin McAleenan— both privately
oppose immigration patriotism. Both have proven inadequate. In other words, it’s Trump vs. the entire Ruling Class.
No. In other words we have a president who is not serious. Just like the rest of the country.
Read it all here.
Saturday, October 12, 2019
1992 NATURE rejection letter to current Nobel winner ended with an incomplete sentence
The same journal which went on to publish Michael Mann's climate hockey stick paper in 1998, which made past warming and cooling both disappear.
The world will end with neither a bang nor a whimper, but with gibberish.
Friday, October 11, 2019
"Believe in something, even if it means losing everything" (except your Nike shoe profits, right Steve Cur?)
Thursday, October 10, 2019
Wednesday, October 9, 2019
ESPN kowtows to China, reproduces China map with 9 dash line claim in South China Sea which International Court of Justice ruled against in July 2016
An international tribunal in The Hague delivered a sweeping rebuke on Tuesday of China’s behavior in the South China Sea, including its
construction of artificial islands, and found that its expansive claim
to sovereignty over the waters had no legal basis.
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