Rather it is because hundreds of billions of dollars worth of liquidity keep disappearing since the Great Financial Crisis.
Wednesday, August 14, 2019
Treasury bonds are the most expensive they have been in over sixty years
All "asset" classes are near-record expensive: bonds, stocks, gold, housing, college education, health insurance policies . . ..
Cliff Asness, here:
So, the bottom line is, as measured by real bond yield, U.S. Treasury bonds are really frickin’ expensive. Measured by the slope of the yield curve they are really frickin’ expensive. But, measured by the average of these two simple variables, they are 60+ year just about record-low frickin’ expensive. This result is not caused by, but is certainly exacerbated by, the (perhaps) surprisingly uncorrelated nature of slope and real bond yield, thus making both so low and at the same time considerably more surprising.
Now that's what I call bipartisanship: China attacks the Senate Majority Leader and the Speaker of the House
Notably missing from the attack is President Trump. None dare call him Quisling.
Tuesday, August 13, 2019
Rush Limbaugh tries to sandbag his audience, claims guy FILMING himself calling Cuomo Fredo really believed his name was Fredo because Rush calls Cuomo that
If that's true, then Rush's audience is dumber than a million Fredos, which makes Rush pretty stupid for not thinking of that.
Obviously the guy didn't believe that Fredo was Cuomo's real name, otherwise filming the set up would have been completely beside the point. The point was to get the reaction on film.
Rush didn't invent the Fredo meme for Chris Cuomo. It's been out there at least since 2010 in New Yawk City, thanks to Curtis Sliwa.
The Fredos of the world unite
If Chris Cuomo were a Michael and not a Fredo, he would have punched that guy right in the kisser just like Buzz Aldrin punched that guy who called him a coward, a liar and a thief. But he didn't. He backed down, just like the guy hurling the insult backed down. This is snowflake America.
Monday, August 12, 2019
Rumor has it Kevin Williamson took a dumbasstical to write his new book
THE SMALLEST MINORITY: SHITWEASEL THINKING IN THE AGE OF MOB POLITICS
To Kevin Williamson and National Review conservatism is materialism, and you damn families and your schools in Kentucky and Oklahoma are the problem
It's Kevin Williamson with the mulish refusal to consider and deal with the world as we actually find it. You can spend decades trying to beat the nesting instinct out of mothers but all you'll have to show for it in the end is a different set of mothers to replace them, and a different country. Conservatives would prefer to stick with the one we've got. Libertarians should move . . . out.
Job Security Is Not Coming Back:
Job Security Is Not Coming Back:
[I]t is better that we are not governed by poets. Our policymakers must deal with the world as it is, and our schools and families should prepare children for the world as it is, not as we might wish it were. Imagination and creativity are ... a mulish refusal to consider and deal with the world as we actually find it.
Sunday, August 11, 2019
Joe Biden admits federal government is way too big when he says we'll need at least an F-15 to protect ourselves from it
Either that or he's threatening us.
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