Monday, June 12, 2023

My local utility has repriced my fixed monthly payment for natural gas and electricity for the next year


 The new price is down 30% from last year's horrendous price.

The monthly payment will now resemble the high end of normal I experienced in the years prior to the Russia-Ukraine War.

Like a boot off my neck.

Sunday, June 11, 2023

Today's up-is-down headlines: UK Daily Mail v CNBC, Drudge v Real Clear

 'LOW ENERGY' TRUMP SPEECH (Drudge)

Trump Delivers Fiery Speech in Georgia: "They're Coming After You" (Real Clear Politics)

Nemesis is coming, Draco is coming

 


Lolbertarian says the worst possible thing which could happen to the economy (i.e. "to me") is higher future taxes


More self-absorbed than your average tranny.

Scott Sumner, here:

The consequence of the reckless fiscal policy will not be a financial crisis. Nor will it be a default. Even the permanent monetization of the debt is unlikely, in my view. The most likely consequence will be higher future taxes and slower economic growth. This will lead to reduced living standards. It might also push politics in a more “populist” direction, with consequences that are difficult to predict (but unlikely to be desirable.)



Trump is toast

 


Trump’s Former AG Bill Barr Lowers the Boom in Stunning Analysis on Fox News Sunday: ‘If Even Half of it is True, He is Toast’


Thursday, June 8, 2023

Bob and Doug BBQ goes slightly amiss, Canada wildfires consume the equivalent of Maryland and more

 


The Supremes still don't have the courage to void the tyrannical, unequal, racist, Northern neo-reconstructionism of the 1965 Voting Rights Act in the American South

 The Supremes are not colorblind and are as reprehensible in this as any college or business using racial quotas to exclude whites and Asians in favor of less qualified people of color, and they know it.

American liberalism is nothing if not hypocritical.


Chief Justice John Roberts and Justice Brett Kavanaugh, both conservatives, joined the court's three liberals in the majority.

In doing so, the court — which has a 6-3 conservative majority — turned away the state’s effort to make it harder to remedy concerns raised by civil rights advocates that the power of Black voters in states like Alabama is being diluted by dividing voters into districts where white voters dominate.

In Thursday’s ruling, Roberts, writing for the majority, said a lower court had correctly concluded that the congressional map violated the voting rights law.

He wrote that there are genuine fears that the Voting Rights Act “may impermissibly elevate race in the allocation of political power” and that the Alabama ruling “does not diminish or disregard those concerns."

The court instead “simply holds that a faithful application of our precedents and a fair reading of the record before us do not bear them out here,” Roberts added.

As such, the court left open future challenges to the law, with Kavanaugh writing in a separate opinion that his vote did not rule out challenges to Section 2 based on whether there is a time at which the 1965 law's authorization of the consideration of race in redistricting is no longer justified.

More.

Today's up-is-down headlines: Variety v The Hill, Drudge v Real Clear

 Tucker Takes Man Cave Rants to Social Media -- to Smaller Results... (Drudge)

First Episode of "Tucker on Twitter" Nets More Than 70 Million Views (Real Clear Politics)


 

Wednesday, June 7, 2023

Gold remains far more overvalued than US stocks, which is saying a lot

Gold is at least 167% overvalued relative to inflation since 1913. $600ish gold makes sense. $1600 gold does not, let alone $2067, the 2020 high.

Meanwhile stocks are off-the-charts overvalued, about 93% relative to the post-Great Depression median valuation of 81 through 2019, as of the latest GDP figures from late May.

Speculation in both gold and stocks, not to mention a host of other things, has been driven by Federal Reserve interest rate suppression since 2001.

How long elevated gold and stock prices can persist in the new higher interest rate environment is anyone's guess.

The Fed Funds rate still averaged a low 1.69% in 2022, so it's still early innings.


.

May 25, 2023


Young Americans are too ignorant to blame the correct government entity for housing unaffordability for some reason

 . . . young Americans condemn their municipal and state governments for the current housing affordability problem.

More.

Tuesday, June 6, 2023

Quest for money overwhelms hypocritical PGA Tour as it merges with Saudi LIV Golf

 As usual that lyin' blue scumbelly Donald Trump is at the heart of this:


The agreement — the second stunning sports deal in just months, following World Wrestling Entertainment’s merger with Endeavor Group’s UFC — will require the approval of the PGA Tour policy board, Commissioner Jay Monahan said in a memo to players that was obtained by CNBC. ...

Family members of those who perished in the Sept. 11, 2001, terrorist attacks have protested the league, including outside of events. Fifteen of the 19 hijackers on Sept. 11 were from Saudi Arabia, and Osama Bin Laden, the mastermind behind the attacks, was born in the country. It has been concluded by U.S. officials that Saudi nationals helped fund the terrorist group al-Qaeda, although investigations didn’t find that the Saudi officials were complicit in the attacks.

The group 9/11 Families United said they were “shocked and deeply offended” by the merger in a statement on Tuesday.

“Mr. Monahan talked last summer about knowing people who lost loved ones on 9/11, then wondered aloud on national television whether LIV Golfers ever had to apologize for being a member of the PGA Tour. They do now – as does he,” said 9/11 Families United Chair Terry Strada, whose husband Tom died in the World Trade Center’s North Tower. “PGA Tour leaders should be ashamed of their hypocrisy and greed. Our entire 9/11 community has been betrayed by Commissioner Monahan and the PGA as it appears their concern for our loved ones was merely window-dressing in their quest for money – it was never to honor the great game of golf.” ...

Former President Donald Trump, who has hosted a number of LIV Golf events at his golf courses, has defended those events, falsely claiming that “nobody’s gotten to the bottom of 9/11.” Last year, Trump also said on Truth Social that a merger between LIV and The PGA Tour was inevitable.

On Tuesday, Trump weighed in on the merger on his Truth Social platform: “Great news from LIV Golf. A big, beautiful, and glamorous deal for the wonderful world of golf. Congrats to all!!!”

More.

On the contrary, 365k Union dead x $7.5 million each equals $2.7375 trillion in reparations blacks owe Uncle Sam, at minimum