Saturday, September 23, 2023

Trump threw a tantrum on January 6th, blaming mommy for not stopping it is pathetic

 

Trump: Nancy Pelosi Is Responsible For January 6th

There's an old saying which says don't get in the way of your enemy while he's busy destroying himself.

And she didn't.

Trump is indeed responsible because he scheduled the event for that particular day. He could have chosen any other.

No one is responsible for the crowd getting out of control but the crowd, but Trump is responsible for the unique intersection between the crowd and the Congress on January 6th.

The Democrats’ prosecution of the trespassers has been wildly excessive, just to make an example of Trump for his childish stunt.

We are children behaving like children, and we have the government we deserve, on all sides.

 

The ugly Americans' ugly children

 

Overall, adults in the U.S. are least likely to say that kids having good manners is an especially important quality — just 52% of them said so in 2017, according to a report released this month by King’s College London. That makes the U.S. the country least likely, of the 24 countries surveyed in recent years, to believe good manners are crucial for kids.

This is a significant drop from 1990, when 76% of U.S. adults said it was a very important quality for children to possess, the data shows. …

Another factor that falls under the broader idea of kids being well behaved is if they listen to their parents or other adults. But even fewer U.S. adults said that obedience was a key quality for kids — in fact, it fell far behind in all countries compared with having good manners.

The country that values obedience the most is Nigeria with 58%, followed by Mexico and Egypt with 57% and 56% respectively. The U.S. falls into the second half of the table with 21%.

The whole thing is here.

The decline was inevitable, I suppose, with the decline of religion.

But things were already bad enough in 1958.

They isolate themselves socially. They live pretentiously. They are loud and ostentatious:


 

 

 

Sunday, September 17, 2023

Trump's Miss Universe trans policy in 2012 was endorsed by GLAAD lol

 '“For more than two weeks, the Miss Universe Organization and Mr. Trump made it clear to GLAAD that they were open to making a policy change to include women who are transgender. We appreciate that he and his team responded swiftly and appropriately,” they said in a statement.'

The story from June is here.

We've had an unprecedented three consecutive years now where inflation has remained higher than the 10-year UST yield on an average annual basis, and our hapless FOMC looks set to make it four

 There were just two years of this in the 1970s inflation, and they too were consecutive.

Anyone who calls Jerome Powell an inflation fighter is an idiot, or a stooge for the status quo of inflation profiteers.

This is all on the backs of the people, but where is the angry mob?

So medicated, so drugged, and so otherwise anesthetized by bread and circuses that the elites don't even bother to hide the truth.


 




Core inflation higher than DGS10 yield in 2020, 2021, 2022 (annual average)

Core inflation higher than DGS10 yield January through July 2023 (monthly view)

Let's check in on the US Treasury yield curve and year to date performance of selected Vanguard funds

The UST yield curve aggregate closed up a net 0.68% week over week on 9/15, to an average of 5.006923, the first Friday close this cycle in the 5s.
 
As expected, fixed income isn't doing well in this rising-rate environment. Stocks have done surprisingly well this year, and even cash has beaten bonds.
 
YTD performance:
 
Treasury VFISX 0.68% VFITX -0.26% VUSTX -4.12%;
Investment Grade VFSTX 2.21% VFICX 1.73% VWESX 0.00%; 
Total Bond VBTLX 0.44%; Cash VMFXX 3.48%; Total Stock VTSAX 16.45%.
 
Other popular vehicles: 
 
$SPX 16.37%
$AGG -2.12%
$TLT -8.38%. 

 


Let's check in on inflation protected securities

 VIPSX, nominal return

Inception 6/29/2000 to August 31, 2023: 4.43% per annum

 

SPX, average nominal return, dividends fully reinvested

June 2000 through August 2023: 6.90% per annum (4.93% without dividend reinvestment)

 

It's been 23 years of not a bull market

 Average real return per annum from $SPX, dividends fully reinvested:

August 2000 to August 2023:  4.23%
August 1977 to August 2000: 11.35%
 

Thursday, September 14, 2023

DACA again declared illegal by federal judge

 

A federal judge in Texas on Wednesday ruled -- again -- that the federal government's Deferred Action for Childhood Arrivals program is illegal, but he refrained from taking action to remove protections for the hundreds of thousands of young immigrants shielded under DACA.

The program, which began in 2012 under the Obama administration, currently covers around 600,000 young adults, commonly referred to as "Dreamers," who were illegally brought to the U.S. as children.

More.

TSA: Taking Stuff Actually

 Miami TSA officers seen stealing from passengers in released footage...

Midwest expert: Whatever

 

European Central Bank hikes main interest rate to 4% with core inflation running at 5.3%

 Story.

Yeah, that'll work.

Oil market reports suggesting tighter supply and higher prices through the rest of the year and beyond have fueled inflation fears; 

Mitt Romney's takers still in the news

 

Wednesday, September 13, 2023

The inflation adjusted average price of ground beef in the United States

 In January 1984, ground beef was $1.29/pound.

Adjusted for inflation to August 2023, it should be $3.89/pound, according to the inflation calculator at bls.gov.

Ground beef is actually $5.08/pound, 30.5% higher.

 


Senator Mitt Romney of Utah, 76, will not run for re-election

 No word on whether he plans to join antifa in retirement.

Story.



Overall inflation reversed course and ticked higher in August 2023 on a monthly jump in overall energy prices

 Overall inflation jumped up to 3.7% year-over-year and 0.6% month-over-month on a 5.6% jump in overall energy inflation month-over-month in August 2023.

Month-over-month, electricity was up 0.2%, gasoline was up 10.6%, piped utility gas was up 0.6%, fuel oil and other fuels were up 8.4%. Meanwhile food was up 0.2%.

Core inflation (overall inflation less food and energy) increased mom 0.3% and is still running 4.4% yoy.

Services inflation is still running high at 5.4% yoy, less rent of shelter at 3.1% yoy.

Shelter inflation rose mom 0.3% in both measures, and 7.2% yoy seasonally adjusted.

Going forward I expect inflation pressures to persist because of Biden administration green energy fantasies and hatred of fossil fuels combining with OPEC+ production cuts continuing indefinitely.