Saturday, August 17, 2019

Self-hating, America-hating liberal Peter Fonda finally gets his death wish: of lung cancer at 79

Peter Fonda has wanted to die at least since 1969, when a loose-triggered good ole boy decided he had to kill the witness too, and blow Fonda's character Wyatt away with a shotgun off his motorcycle in the final scene of Easy Rider. Wyatt's partner Billy had the wrong hair cut, you see, and the bad Yankee manners of the wrong hand gesture to go with it, while Wyatt had the wrong flag painted on the gas tank of his chopper and helmet. The Yankee fu was answered with the rebel yells of a twelve gauge. 

Fonda repeated the performance in 1974's little-remarked Open Season as the character Ken, when the father played by William Holden hunts Ken down and kills him. Ken is a sick-in-the-head Vietnam vet who otherwise appears to lead a normal life but abducts and abuses, then releases and hunts and kills humans two weeks every year for sport with his buddies. As young men before the war they had raped Holden's daughter. She had had a child as a result, raised by the Holden character, and ended up in a mental institution. The Yankee fu was answered with the rebel yell of a vigilante's hunting rifle. 

What Fonda couldn't bring himself to do with a gun in real life, he did to himself with drugs. For one reviewer of his 1998 Don't Tell Dad: A Memoir, too much of it "is a catalog of dope smoked". All along the real fu was to himself.




Friday, August 16, 2019

If it's a number and it comes out of Rush Limbaugh's mouth, it's probably wrong

Today Rush Limbaugh corrected a caller about the Summer of Love, saying it was in 1968, not 1969.

Actually it was in 1967.

Rush also said the Beatles had already broken up by the summer of 1969, the summer of Woodstock, the 50th anniversary of which is happening right this very minute.

The break-up of the Beatles actually occurred Dec 31, 1970, when the band members John, George and Ringo first publicly confirmed it. The last photo of all of them together with Paul as a band was taken August 22, 1969, just after Woodstock had ended.

I know these things because I'm younger than Rush Limbaugh. The Beatles were YUGE to my segment of the Baby Boom generation, but not to his to the same degree.

But Rush gets lots of numbers wrong, about far more consequential things than these, as my readers know.

The only ones he doesn't get wrong are the ones that go in his pocket.

Trump last night: Eject the fat guy from our movement of love!

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Hoo boy, Kamala Harris has a live one here, thinks she's named after the capital of Uganda


Throw in AOC and you've got a deal, bud


" . . . 'cause it's too hard for us"


That's why we bought Alaska, dummy, firing from Greenland puts you down wind from the fallout

These damn Yankees haven't learned anything since McClellan.


. . . and then he cries when they call him Fredo!


Thursday, August 15, 2019

The left-wing Dayton, Ohio shooter should have just skipped the alcohol and anti-depressants, which cancel each other out, and stayed with the cocaine

Hey wait a minute, aren't drugs illegal in this country?



Notice how five of the seven 30-year bond yield dives are a feature of the recent period since the 2000 bubble

And notice how all the episodes of great stress are post-1986 tax reform.

The chickens . . . are coming home . . . to roost!

Former PIMCO wheeler-dealer is against freedom of the financial press: Why, you might sell before he does


This is shocking: Yield on 30-year US Treasury officially falls below 2% for the first time


Says the guy who already signed First Step bill which is letting guys like this go


Israel practices a little reverse BDS, Boycotts Dumb and Stupider by barring Tlaib and Omar from visiting


Jobless claims through 8/10/19 pop above year ago levels in both seasonally-adjusted and not-seasonally-adjusted

That's now the third time in recent months (May, June, August), a concerning sign given that full time employment usually peaks in 3Q. It's not encouraging to see such weakness at the strongest time of the year. 

Insane DOT under Trump allows mini horses on planes as service animals, ratifying devolution of air travel into Third World country bus ride

The yield on the US 30-year Treasury dipped below 2% for the first time ever this morning


Obama's minions in Philly, where in 2008 he talked about bringing a gun to a knife fight, laugh at cops being shot

Obama Goes One on One, Battling ‘Just a Speechmaker’ Label:


He has also been showing a more pugnacious side, commenting at a Philadelphia fund-raiser Friday that he was prepared for a fight with Republicans, saying, “If they bring a knife to the fight, we bring a gun.” That line, from “The Untouchables,” led the campaign of his Republican opponent, Senator John McCain of Arizona, to cry foul and to suggest that hopes for an elevated dialogue were in danger.



Wednesday, August 14, 2019

Jeffrey Snider: The whole global economy is in trouble, and it isn't because of a few billion in US tariffs on Chinese goods

Rather it is because hundreds of billions of dollars worth of liquidity keep disappearing since the Great Financial Crisis.

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.