I voted early in my district, with about 200 other people. The only thing I could think of at the time, is that this is the start of something terrible regardless of who wins this election. We can't have a serious discussion about our problems. Thanks for the great read!
"Journalism" in 2024 is best explained by watching Kaitlan Collins interview Howard Lutnick. As he tried to tell her that there were some questions on whether covid vaccines might have issues, her response was resolute and clear that "experts" disagreed and vaccines were determined safe. In that short clip it was apparent that she had never talked to any authority that disagreed with the pharma/government position, and never even considered asking for a counter argument.
I'm so tired of our leaders listening to "economic experts", every one of them is an asset holder benefitting from inflation. They have no connection or understanding of the 60% living p-t-p, and their policies reflect this. Term limits is the only solution, but only if you actually want to solve the problem.
As regards the our national debt, I think the amount is so large it’s beyond human comprehension so its risk - and our national vulnerability - fails to impact IMO. Possibly too the average person with their own issues takes a ‘not my problem’ attitude - afterall what can we do about it? Warmongers need money afterall.
I think it was Chris Martinson of Peak Prosperity who equated the debt to time - if I recall, at one dollar = 1 second, 35 trillion equals 3.1 million years. Personally, I found that measure more relatable.
Thank you again for lightening my reading load with your summaries.
This is why it’s important to occasionally write out one trillion as $1,000,000,000,000 rather than $1 Trillion. It’s still totally incomprehensible but the average person will have a different visceral reaction to the horror of all the zeros!
You heard about the Chinese sanctions on US drone companies for supplying military drones to Taiwan? The US cannot produce drones at scale without parts manufactured in China. Period. How's that going to work out?
Random Stuff - 1) With respect to compromised politicians, Stanley Kubrick, during filming of Eyes Wide Shut, told N Kidman that “pedophiles run the world.” 2) Everyone should read the book 180-Degrees. 3) There are few things more satisfying than a bowl of well-aged pipe tobacco.
The gaslighting is going into overdrive with just a few days until the election. Jeanna Smialek is not alone. Greg Ip's article today has the following title and subtitle: "The Next President Inherits a Remarkable Economy. The high quality of recent economic growth should put a wind at the back of the White House’s next occupant".
No one asks: What if inflation is understated? If so, some (or even all) of the "real" growth these people are crowing about is not actually real.
I guess the people who don't believe the Democratic Party/MSM nonsense narratives are "garbage" people, just like the "basket of deplorables" from 2016. If the economy was really so great, Kamala would be running on the Biden economic record rather than running away from it and Trump would be down 10-15 points in the polls rather than tied (and probably up considerably given the polling bias we saw in 2016 and 2020).
I don't think normal people even see these headlines. It's either other propagandists (and that's really who IP and Smialek are targeting - they want to be accepted as cool journalists, not just by the Fed but by all the other overwhelmingly Democratic 'journalists'), or it's the top few % who can waste time on Twitter, most of us knowing their nonsense is b.s. anyway. It's still so annoying.
As an aside, someone told me the other day that anti-Fed memes are now "a dime a dozen," yet nothing seems to change. While nothing in the system has changed - yet - the sentiment and awareness certainly has. When I got on Twitter in 2013 NOBODY was informing folks about the Fed or mocking it like me. That's why, early on when I had no followers, guys like Mark Dow, Ritholtz, and Joe Wiesenthal came after me. I was a threat to their narrative. I think I've made a difference. FAR more people know that the Fed is a scam now than in 2013.
Thanks for the link to the Knitters. I'd forgotten how good they were. I'm sort of in a FB argument (never a good idea) with an ex-girlfriend (again never a good idea) who knows very little about economics touting what great shape the economy is in. And since "It's the Economy Stupid" how could you vote for anyone but Kamala? Part of me wants her to experience what Mencken said "Democracy is the theory that the common people know what they want, and deserve to get it good and hard". But I have live that too. But many chickens will come home to roost regardless of who wins.
I'm not a fan of Bezos in general, but he admitted what a lot of journalists are in denial about -- the credibility is gone. If Ip and Smialek start questioning the narrative, their phone calls won't be answered, sources will dry up, and they will get "scooped" by their competitors and their careers will be ruined.
More people are questioning the Fed these days and I think your early posts made a difference for sure. I don't see anything in the near term that will reform the Fed -- If Trump wins, he will be wanting lower rates on Day 1 and a "seat at the table".
Great Post ! Warp & Weft weaving the tapestry of Today & Yesterday into Tomorrow
Great soundtracks too ! Save a thought for the stay at home voter :) https://youtu.be/eOiLH-2hTPQ?si=OyulXOEm_Aoa1Ngd
I'll retweet that song.
I voted early in my district, with about 200 other people. The only thing I could think of at the time, is that this is the start of something terrible regardless of who wins this election. We can't have a serious discussion about our problems. Thanks for the great read!
I think I said the last couple elections I feel sorry for the winner :)
Re: Stephanie Link
Never take a person seriously who uses a “glamour shot” as their photo
"Journalism" in 2024 is best explained by watching Kaitlan Collins interview Howard Lutnick. As he tried to tell her that there were some questions on whether covid vaccines might have issues, her response was resolute and clear that "experts" disagreed and vaccines were determined safe. In that short clip it was apparent that she had never talked to any authority that disagreed with the pharma/government position, and never even considered asking for a counter argument.
https://x.com/kaitlancollins/status/1851817180809089025
I'm so tired of our leaders listening to "economic experts", every one of them is an asset holder benefitting from inflation. They have no connection or understanding of the 60% living p-t-p, and their policies reflect this. Term limits is the only solution, but only if you actually want to solve the problem.
one and done has been my view for a while now
As regards the our national debt, I think the amount is so large it’s beyond human comprehension so its risk - and our national vulnerability - fails to impact IMO. Possibly too the average person with their own issues takes a ‘not my problem’ attitude - afterall what can we do about it? Warmongers need money afterall.
I think it was Chris Martinson of Peak Prosperity who equated the debt to time - if I recall, at one dollar = 1 second, 35 trillion equals 3.1 million years. Personally, I found that measure more relatable.
Thank you again for lightening my reading load with your summaries.
This is why it’s important to occasionally write out one trillion as $1,000,000,000,000 rather than $1 Trillion. It’s still totally incomprehensible but the average person will have a different visceral reaction to the horror of all the zeros!
You heard about the Chinese sanctions on US drone companies for supplying military drones to Taiwan? The US cannot produce drones at scale without parts manufactured in China. Period. How's that going to work out?
Besides spending ghost money, what does Congress do?
Random Stuff - 1) With respect to compromised politicians, Stanley Kubrick, during filming of Eyes Wide Shut, told N Kidman that “pedophiles run the world.” 2) Everyone should read the book 180-Degrees. 3) There are few things more satisfying than a bowl of well-aged pipe tobacco.
Outstanding again. More thinking....
The gaslighting is going into overdrive with just a few days until the election. Jeanna Smialek is not alone. Greg Ip's article today has the following title and subtitle: "The Next President Inherits a Remarkable Economy. The high quality of recent economic growth should put a wind at the back of the White House’s next occupant".
No one asks: What if inflation is understated? If so, some (or even all) of the "real" growth these people are crowing about is not actually real.
I guess the people who don't believe the Democratic Party/MSM nonsense narratives are "garbage" people, just like the "basket of deplorables" from 2016. If the economy was really so great, Kamala would be running on the Biden economic record rather than running away from it and Trump would be down 10-15 points in the polls rather than tied (and probably up considerably given the polling bias we saw in 2016 and 2020).
I don't think normal people even see these headlines. It's either other propagandists (and that's really who IP and Smialek are targeting - they want to be accepted as cool journalists, not just by the Fed but by all the other overwhelmingly Democratic 'journalists'), or it's the top few % who can waste time on Twitter, most of us knowing their nonsense is b.s. anyway. It's still so annoying.
As an aside, someone told me the other day that anti-Fed memes are now "a dime a dozen," yet nothing seems to change. While nothing in the system has changed - yet - the sentiment and awareness certainly has. When I got on Twitter in 2013 NOBODY was informing folks about the Fed or mocking it like me. That's why, early on when I had no followers, guys like Mark Dow, Ritholtz, and Joe Wiesenthal came after me. I was a threat to their narrative. I think I've made a difference. FAR more people know that the Fed is a scam now than in 2013.
Thanks for the link to the Knitters. I'd forgotten how good they were. I'm sort of in a FB argument (never a good idea) with an ex-girlfriend (again never a good idea) who knows very little about economics touting what great shape the economy is in. And since "It's the Economy Stupid" how could you vote for anyone but Kamala? Part of me wants her to experience what Mencken said "Democracy is the theory that the common people know what they want, and deserve to get it good and hard". But I have live that too. But many chickens will come home to roost regardless of who wins.
I'm not a fan of Bezos in general, but he admitted what a lot of journalists are in denial about -- the credibility is gone. If Ip and Smialek start questioning the narrative, their phone calls won't be answered, sources will dry up, and they will get "scooped" by their competitors and their careers will be ruined.
More people are questioning the Fed these days and I think your early posts made a difference for sure. I don't see anything in the near term that will reform the Fed -- If Trump wins, he will be wanting lower rates on Day 1 and a "seat at the table".