Thursday, January 9, 2025
Stocks markets are closed and mail won't be delivered today in honor of Jimmy Carter, because everything came to a halt under him, too
OK, bond markets are open today, because SOMEONE has to pay for the 44% increase in the national debt which was racked up under Jimmy Carter.
Stonks soared, nominally, under Jimmy at 11.81% per annum on average January 1977 to January 1981, but because inflation was so terrible, 10.43%, real return for the S&P 500 clocked in at only 1.25% per annum during his presidency.
Wednesday, January 8, 2025
Drudge's poorly paid help calls one of the most destructive firestorms in memory from the LA Times story "the most distructive in history" lol
The LA Times doesn't lose its cool when reporting the news, but Drudge does.
More than 1,100 homes, businesses and other buildings have burned and at least five people are dead in wildfires scorching communities across Los Angeles County, making this one of the most destructive firestorms to hit the region in memory.
Always, always, always read the sources.
Anarcho-tyranny in Pacific Palisades Fire: No water in some fire hydrants
From the Los Angeles Times here:
“There’s no water in the fire hydrants,” Caruso said. “The firefighters are there [in the neighborhood], and there’s nothing they can do — we’ve got neighborhoods burning, homes burning, and businesses burning. ... It should never happen.”
A spokesman for the Department of Water and Power acknowledged reports of diminished water flow from hydrants but did not have details on the number of hydrants without water or the scale of the issue.
In a statement, the DWP said water crews were working in the neighborhood “to ensure the availability of water supplies.”
“This area is served by water tanks and close coordination is underway to continue supplying the area,” the DWP said in its statement.
Providing basic fire fighting resources is a bare minimum function of local government, at which this very wealthy community is obviously failing, mirroring California government's overall statewide failure to reduce wildfires.
State Farm stopped insuring roughly 30,000 homes in California in the summer of 2024, in part due to the danger to its business there from catastrophic fires in communities where multi-million dollar homes are common, and too commonly go up in smoke.
You'd cut your losses, too, if you suspected the locals had become as hopelessly bad as the one party state under Gavin Newsom.
Tuesday, January 7, 2025
Batya Ungar-Sargon: Musk changed the subject to 10-year old UK grooming gangs scandal on X to change the subject from his unpopular H-1B visas stance
Look! Over there! A deer!
Story here.
Britain, Starmer, England: 14, 15, 20. H-1B nowhere to be found.
This headline would have been written whether Kamala Harris won or Donald Trump
Experts say high food prices are here to stay. Here’s why
“Once food price goes up, it tends to stay up,” said Claudia Sahm, a chief economist at New Century Advisors. “The inflation may come back down, so you don’t see the big price increases. But outside of widespread depression, we don’t tend to see prices falling across the board.”
Sahm exaggerates because she knows there is almost no likelihood of real food price declines coming, but it wouldn't take a depression.
The last time we had actual food price deflation, on a sustained basis, was in the 1950s, with 1959 being the last time at -1.6%.
But yes, the biggest declines come during depressions, which are hardly desirable for the overall damage they do.
In 1921 this index hit -24%; in 1931 -17.5% and 1932 -16.8%.
But what good are low prices when you don't have a job? You'll still have to make those lard and dandelion sandwiches to get by because bologna will still be too expensive.
Monday, January 6, 2025
Idiot Trump doesn't realize that the same liberal fools who voted in Trudeau would vote in Democrats here
They'd vote liberal like most of the northern and northeastern United States.
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