Monday, January 17, 2022
If the Fed folks think raising the Federal Funds Rate will help control inflation, they are sadly mistaken . . . again
From 1983 through 2001, the Federal Funds Rate was aggressively high and averaged 6.27%, and the Consumer Price Index averaged 3.24%.*
From 2002 through 2020, the Consumer Price Index was much lower on average at 2.01%, as the Fed pursued an aggressive low interest rate policy, which averaged just 1.36%.
So, lower Federal Funds Rate, lower inflation, higher Federal Funds Rate, higher inflation, just the opposite of what the Fed says it intends.
But only a numbskull thinks these are correlated. The Fed is merely reactionary to complex existing phenomena, not pro-actively creating conditions.
* I used the average of the annual averages.
Sunday, January 16, 2022
At current infection rates in the UK and the US, we won't see "herd immunity", defined as 70% infected with Omicron, until sometime in November
The US is averaging roughly 720k infections per day, and the UK 147k, so far in January.
In the US you have to have roughly 232m people infected to get to 70%. At the current rate of infection, that's 322 days.
In the UK you have to have roughly 48m people infected to get to 70%. At the current rate of infection, that's 327 days.
There is no way to predict if current rates of infection will persist, but current rates put us to mid-November.
One thing's for sure, however, the vaccines sure as hell aren't stopping it.
The fault, dear Brutus, is not in our stars, but in ourselves, that we are underlings
... by the middle of the Second Century ... there were few Greeks and Romans left. They had destroyed themselves by miscegenation, internecine wars, and that fatuous tolerance with which they permitted themselves to be displaced by their subjects and slaves. ...
-- Revilo P. Oliver, "By Their Fruits Ye Shall Know Them", Liberty Bell, August 1985
The vaccine mandate for healthcare workers was decided by the Supremes in a 5-4 vote where Roberts and Kavanaugh voted with the three liberals
Tucker Carlson laughably says Kavanaugh voted with the liberals on this because his confirmation hearings broke him.
Ridiculous beyond words.
Saturday, January 15, 2022
Our Enemy The State wants to stop reporting COVID-19 case numbers entirely because Omicron breakthroughs are making monkeys out of them and their stupid vaccines
Omicron case counts are shattering all previous COVID-19 records. But the numbers don’t carry the same weight they used to. State and local health departments are preparing to explain that to the public and start reporting more meaningful data on the virus.
More.
Remember when Donald 15 cases going to zero Trump wanted to stop testing to reduce case counts because they were making him look so bad?
THESE PEOPLE ARE TRUMP.
Friday, January 14, 2022
Thursday, January 13, 2022
Sam's Club seemed fully stocked to me this morning: No shortages of anything I needed
Eggs, butter, and ketchup prices were a little bit higher than previously.
Wednesday, January 12, 2022
The problem with Rex Reed is the people he names in the same paragraph
He's not a critic. He's a drive-by shooter.
The people to whom we waved goodbye in 2021 were not all heroes. Expect no celebratory parades for disgraced Ponzi schemer Bernie Madoff or Hustler publisher and smut peddler Larry Flynt, but in fairness, Flynt was a brave advocate for First Amendment rights before he was gunned down by a racist extremist in 1978 and left paralyzed for the rest of his life. And “So long” to Prince Philip, 99, the Duke of Edinburgh, who left the monarch of England, Queen Elizabeth II, to endure the antics of her dysfunctional family alone.
More.
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