Wednesday, November 29, 2023
Tuesday, November 28, 2023
LOLOLOL Drudge headline is "Treasury rout" when savvy bond investors have made 8.23% in the last month
You can't make this stuff up it's so perfect. They're only a month behind the turn.
Treasury rout: Worst stretch for govt bonds since Civil War...
Monday, November 27, 2023
Sunday, November 26, 2023
The Financial Times lol: Liberal democracy good, conservative democracy bad
Is The Financial Times' coverage worth a pound sterling?
Politico: Northampton County Pennsylvania touchscreen voting machines in 2019 election had reliable paper backups, but not in 2023
The 2019 election was the first time Northampton used the touchscreen voting machines from Election Systems & Software. That year, a programming glitch caused the ES&S machines to significantly undercount the votes for the Democratic candidate in a local judges’ race. Then on Nov. 7 this year, Northampton residents who showed up at their local polling station found that printouts from the same devices didn’t match the votes they had submitted digitally for two down-ballot judges contests. ... “In 2019, when the issues came up with the touchscreens, we were told, ‘Don’t worry about it. The cards are recording the votes,’” Northampton County Republican Committee Chair Glenn Geissinger told POLITICO. “OK, you’re telling me now, in 2023, ‘Don’t worry about what’s printed on the card?’”
More.
Friday, November 24, 2023
Hamas wing at Pennsylvania's Dickinson College goes after Democrat Senator John Fetterman for his unqualified support for Israel
Pennsylvania is home to a large Jewish population. Philadelphia, the state's largest city, has the fifth largest Jewish population in the country, according to the Center for Israel.
More.
The article twice says amusingly that Democrat Representative Rashida Tlaib of Michigan was "censored".
She wasn't. She was censured by the U.S. House of Representatives for what she freely said.
It is unclear from the story whether Mireille Rebeiz, Chair of Middle East Studies and Associate Professor at Dickinson College, Pennsylvania, actually said censored or censured. It is possible she is not correctly quoted. It is also possible she doesn't understand English that well.
Hard to say!
In any event, Newsweek's headline is over the top: "John Fetterman Faces Revolt in Pennsylvania". It's one crank at a college, to which you probably shouldn't send your kid.
The real headline is: Dutch Muslims not afraid of Geert Wilders' big win because Dutch system means he will have to compromise
Muslims in shock over anti-Islam party's Dutch poll win :
"In part the message is that many people are xenophobic and don't want foreigners or Muslims. But another message is that people are very disappointed in 13 years of Rutte," [one Muslim] said. ...
"He will not make the laws alone (other parties) will join and they have to cooperate," Kemal Yildiz, 54, said. "It will be fine," Yildiz added.
Thursday, November 23, 2023
Progressive lunatic Jamin Ben Raskin wants America to memorialize Thomas Paine as our greatest founding father lol
It's no mystery why Paine came to be shunned by the founders. He was a radical, anti-Christian kook, kind of like Jamie Raskin.
Story here.
Wednesday, November 22, 2023
JFK was assassinated by a pro-Cuban communist nut job, Lee Harvey Oswald
If you still believe otherwise after reading James Piereson's "Martyr of the Cold War", there's no hope for you.
American left shocked, shocked I tell you, that new Speaker of the House Mike Johnson (LA-4) has traditional Christian beliefs shared by most American Christians going back to the founding
Audio Unearthed of New House Speaker Calling Humans 'Inherently Evil'...
"One of the primary purposes of the law in civil government is to restrain evil… We have to acknowledge collectively that man is inherently evil and needs to be restrained."
Tuesday, November 21, 2023
Cornel West's campaign of all the different voices is just the cacophany you'd expect from the University of Michigan Hospital's ninth floor
In the jazz parlance that West regularly uses to describe his candidacy, the campaign is getting more out and free.
“I am in no way an ordinary politician,” West said. “Therefore, it’s a matter of making sure that we have people in place who are willing to be unorthodox and cut against the grain, organizationally, internally and politically and morally.”
“We want to be jazz-like, in terms of raising all of the different voices,” he added.
More.
"We focus on Gaza at this moment, because a genocidal attack is taking place."
Cornel West's new co-campaign manager Anthony Karefa Rogers-Wright, one of four, has nothing on Johann Gambolputty . . .
. . . nothing.
Johann Gambolputty de von Ausfern schplendenschlitter crasscrenbonfried diggerdingle dangledongle dungleburstein von knackerthrasher applebanger horowitz ticolensic granderknottyspelltinkle grandlich grumblemeyer spelterwasser kurstlich himble eisenbahnwagen gutenabend bitte ein nürnburger bratwustle gerspurten mitz weimache luber hundsfut gumberaber schönedanker kalbsfleischmittler aucher von Hautkopft of Ulm
Assistant Press Secretary Michael Kikukawa shows that The White House is still Cloud MAGA Cuckoo Land
. . . with inflation still high, interest rates on goods stubbornly
through the roof and the housing market hobbling, Biden’s handling of
the economy takes hit after hit in polls. Voters say they felt better
off financially under his predecessor — whom he will likely meet again
in the 2024 general election — leaving Democrats to suggest it’s time
for the Biden campaign to change its game on the matter. ...
"We’re working every day to show the American people what President Biden and Congressional Democrats have delivered by lowering prescription drug prices, creating manufacturing jobs, and rebuilding our roads and bridges,” said Michael Kikukawa, assistant White House press secretary.
“That’s Bidenomics, and recent elections have shown that Americans prefer it to trickle-down MAGAnomics. We will continue reaching out to the portion of Americans who are not yet aware of those incredibly popular accomplishments,” he said.
Quoted here at The Hill.
Sunday, November 19, 2023
Friday, November 17, 2023
Gasoline averaged $2.48825/gallon for the four years 2017-2020, which Obama infamously said was impossible
Add in 2015 and 2016 and it averaged $2.42383.
In October 2023 under Obama 2.0 Americans pay 56% more than that.
Titans of American business pay to have dinner with genocidal dictator Xi Jinping
Elon Musk was there, too, but this story never mentions it:
Xi’s 10 years as president are marked by a genocide against China’s Muslim minority, attempts to wipe out Tibetan culture, and persecution of Christians and followers of Falun Gong – not to mention a crackdown on democracy, religious freedom, and civil rights in Hong Kong.
Yet, during official and unofficial meetings this week, there was no mention of the long list of atrocities. Instead, Xi received an unusually warm reception.
On Wednesday night in the confines of San Francisco’s Hyatt Regency ballroom, America’s corporate chieftains gathered to fete Xi as a “guest of honor” at a banquet drawing nearly 400 attendees. The gala took place on the sidelines of the Asian Pacific Economic Cooperation summit, a gathering of 21 member countries to support free trade and business ties.
The executives were so excited to share the room with the Chinese president that they gave him two standing ovations before Xi uttered a word. American titans of business, including Apple’s Tim Cook and Blackstone’s Steve Schwarzman, Black Rock’s Larry Fink, Boeing’s Stanley Deal, and Pfizer’s Albert Bourla, joined Commerce Secretary Gina Raimondo to rub shoulders with Xi and a cohort of Chinese officials.
Tickets for the banquet started at $2,000 each, with several companies shelling out $40,000 to buy eight seats at a table in the ballroom and one at Xi’s table. After Xi’s remarks, attendees provided yet another standing ovation, according to Reuters.
Some executives made no attempt to hide their gushing. On the way into the Hyatt, Bridgewater Associates hedge fund founder Ray Dalio told the Financial Times that he was “excited to have this relationship [with Xi].”
If Dalio entered the hotel from the main lobby, he couldn’t
have avoided the polar opposite scene and messaging. A Tibetan student
activist named Tsela had strapped herself to a flagpole and was waving
the Tibetan flag when Xi and his entourage arrived. Other activists from
Students for a Free Tibet chanted “Murderer” at the Chinese leader,
“Down with the CCP,” and “Human Rights in Tibet.”
Thursday, November 16, 2023
Lyin' commie Xi Jinpingpong is in town saying China seeks no sphere of influence lol
Massive new Chinese military capabilities built up in the South China Sea say otherwise, but the west coast tech traitors just clap, and clap, and clap some more for this guy.
Meanwhile grandpa poopy pants at the pope party had a similar, brief, and extremely unfortunate truth eruption in front of the press, calling Xi a dictator, spoiling the moment for the Chicoms.
The whole thing stinks, even after cleaning the streets in San Francisco for once, and yes, Gavin Newsom was in the middle of this.
US House Democrat minority leader Hakeem Jeffries crows over passage of more of the same old, same old bloated spending by continuing resolution
Looking forward to a Moody's downgrade, if they've got the guts. Congress certainly doesn't.
Senate sends funding bill to Biden’s desk, averting a government shutdown :
WASHINGTON — The Senate passed a stopgap funding bill Wednesday night, punting the GOP’s spending fight and the threat of a government shutdown until after the holidays.
The bipartisan vote was 87-11, with 10 Republicans and one Democrat — Sen. Michael Bennet of Colorado — voting against the bill. ...
The short-term bill, known as a continuing resolution, or CR, cleared the House on Tuesday on
a lopsided 336-95 vote, with all but two of the no votes coming from
Republicans. The funding bill next heads to President Joe Biden’s desk
for his expected signature. ...
“No spending cuts, no right-wing extreme policy changes, no government shutdown, no votes tomorrow, Happy Thanksgiving,” he said. “That is a type of report that, when you are able to give it, means morale is very high.”
Tuesday, November 14, 2023
Dim bulb Jonathan Martin says Joe should heave Bidenomics into the dumpster just as broad inflation tanks from 3.7% yoy in September to 3.2% yoy in October
Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave “Bidenomics” into the dumpster. Attempting to make voters believe something they don’t is folly. Attaching your name to that strategy borders on masochistic.
Here’s How Biden Can Turn It Around
Joe would be well on his way to re-election right now if he weren't shooting himself in the foot with his stupid green energy policies, which are keeping inflation from coming down harder than it already is.
That's what needs to go in the dumpster.
Joe Biden: David Axelrod is a prick
On that we agree.
Here.
But Jonathan Martin must be joking when he recommends Biden bring in Rahm Emanuel to run the 2024 re-election campaign and Bill and Hillary to lead a Mideast peace process.
I mean LOL:
It may sound far-fetched, but this is no time for small thinking. The moment demands all hands on deck.
Monday, November 13, 2023
America is the way it is because half the people are off their rocker
The other half are men.
All the pet psychics and all the customers in this story by a woman are women.
One guy gets in his two cents though:
"Animal communicators and the people who use them tend to have a personality type that’s prone to fantasy. Pet psychics work much the way human psychics work, he says."
Sunday, November 12, 2023
Farts in space
This story was a real eye-opener for me.
The adverse health consequences of long term deep space travel make it a non-starter.
Sad.
LOL Democrat James Clyburn still blames Jill Stein and Gary Johnson for Hillary's loss, not the blacks who stayed home in Milwaukee, Detroit, and Philadelphia
Hillary Superpredators Clinton remains the elephant in the room of the Congressional Black Caucasians. And Hillary The Anointed And I Don't Need To Campaign in Wisconsin Clinton shall not be mentioned either.
From the story here:
Jill Stein and Gary Johnson ran third-party campaigns in 2016 that arguably siphoned off enough votes to cost Hillary Clinton the states of Michigan, Wisconsin and Pennsylvania — and with them the presidency. I don’t remember all that they promised, but I know what they helped deliver: the disastrous presidency of Donald Trump.
Clyburn predictably also blames Ralph Nader's 97k votes in Florida for Bush's victory in 2000. He doesn't want to talk about the 180k spoiled ballots in Florida, 54% of which were cast by black folks.
Getting on the ballot everywhere is RFK Jr's big problem as an independent
“I wondered if they had thought it all through before making the switch over,” said Michael Arno, a ballot access expert who’s firm was working with No Labels until April of this year and devised the independent ballot access plans for Howard Schultz in 2020 and Michael Bloomberg before that. ... Kennedy’s decision to run as an independent after competing for four months as a Democrat is a more spontaneous approach to the race than most independent candidates typically take. ... The first deadline is Jan. 6, 2024, in Utah with a named vice president required.
Read the whole thing here.
Saturday, November 11, 2023
Ahead of another government funding deadline November 17th, Moody's lowers its US government ratings outlook
Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.
Five bank failures in 2023 to date costing the DIF $35.569 billion
11-3-23 Citizens Bank of Iowa: cost to the Deposit Insurance Fund is $14.8 million
7-28-23 Heartland Tri-State Bank of Kansas: cost to the DIF is $54.2 million
5-1-23 First Republic Bank of California: cost to the DIF is $13.0 billion
3-12-23 Signature Bank of New York: cost to the DIF is $2.5 billion
3-10-23 Silicon Valley Bank of California: cost to the DIF is $20.0 billion
Friday, November 10, 2023
The poor dears: Survey of millionaires says a third feel only middle class
Same as it ever was.
From the story:
Even among millionaires, only 8% would characterize themselves as wealthy these days.
Roughly 60% of investors with $1 million or more of investable assets said they are more likely upper middle class, according to a recent Ameriprise Financial survey of more than 3,000 adults.
To that point, 31% consider themselves decidedly middle class.
Thursday, November 9, 2023
Joe Manchin won't seek re-election to the US Senate from West Virginia in 2024
From the story here:
Manchin’s commitment to staying active in politics, meanwhile, fuels further speculation that he could be considering a presidential run.
“Nothing is off the table,” a source with direct knowledge of Manchin’s plans told NBC News when asked if Manchin is considering a White House bid.
Wednesday, November 8, 2023
It's officially a moderate El Niño
It's officially a moderate El Niño with five consecutive overlapping 3-month measuring periods averaging between +1.0 to +1.4, now averaging +1.04 after the fifth measurement in August-September-October.
It began with the April-May-June measuring period.
Tuesday, November 7, 2023
Democrat Rashida Tlaib (MI-12) censured for anti-semitism in bipartisan House vote 234-188
From NBC News, here:
WASHINGTON — House lawmakers on Tuesday censured Rep. Rashida Tlaib, the sole Palestinian American in Congress, over her remarks and actions in response to the Israel-Hamas war.
The censure resolution, authored by Rep. Rich McCormick, R-Ga., passed 234 to 188, with 22 Democrats voting for it and four Republicans opposing the measure. A censure vote only requires a simple majority to pass.
The resolution censures Tlaib, D-Mich., for “promoting false narratives regarding the October 7, 2023, Hamas attack on Israel and for calling for the destruction of the state of Israel.”
"It is a sad fact, but this type of antisemitic hate is being promoted by a small group of members in this body, chiefly Rep. Tlaib," McCormick said on the House floor before the vote. "We must hold her accountable."
WeWork, which once pretended to be worth $47 billion, files for bankruptcy protection
From the story here:
WeWork has struggled in a commercial real estate market that has been rocked by the rising cost of borrowing money, as well as a shifting dynamic for millions of office workers now checking into their offices remotely.
Monday, November 6, 2023
The Roman emperors used bread and circuses to distract the masses
Ours use sports, gambling, and drugs.
Joel Kotkin: The capitalist elite undermines our economic security
He means libertarians.
Here:
Free-market dogmatists have played a part in the deindustrialisation of the West as well. Consultants and investors pushed businesses to look offshore for virtually every critical production input. Between 2004 and 2017, the US share of world manufacturing shrank from 15 per cent to 10 per cent. Our reliance on Chinese inputs doubled. The trade deficit with China, according to the Economic Policy Institute, has cost as many as 3.7million American jobs since 2000. Overall, the US and the EU have seen their share of value-added manufacturing drop from 65 per cent in the 1960s to barely half that today.
Sunday, November 5, 2023
Despite US Treasury department manipulation of the yield curve last week and another Fed pause, yields still average above five in the aggregate
We saw a much bigger surge into bonds in March, but yields persisted.
With inflation, employment, and nominal GDP all still strong, Treasury tricks are unlikely to unravel this.
Cash such as VMFXX at 4.21% ytd and total stock market such as VTSAX at 13.92% ytd continue to trounce bonds ytd. VBTLX is still down 0.39% ytd. AGG is down 3.46% ytd.
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