Aren’t we supposed to be in a bubble, says the media? Why does it refuse to pop? Whether it’s stock prices, web 2.0 valuations, China, or Bay Area real estate, the unending post-2008 asset boom continues with no end in sight. Those web 2.0 valuations keep rising, especially for companies valued at over $1 billion… Continue reading Everything Keeps Going Up
Month: May 2015
Ignore the News, Part 2
Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, although they generally did not rule out this possibility. This big story from Business Insider, as shown above, is that a fed rate… Continue reading Ignore the News, Part 2
Evidence That America Is Not In Decline (long post)
Rumors of America’s decline have been exaggerated. Vox Day, in a recent post, writes: What we are witnessing is nothing less than the gradual demise of the biggest, wealthiest economy in world history. It is truly a privilege and an education to behold. It is rather like being able to witness the death of the… Continue reading Evidence That America Is Not In Decline (long post)
Good Tweets
If you cheer for catastrophe to happen so that you can implement your desired radical social and political change, you're doing it wrong. — Noah Smith (@Noahpinion) May 16, 2015 That seems to describe how the left wanted the 2008 financial problem to get worse in order to get Obama elected, who would user in… Continue reading Good Tweets
In Today’s Economy, It Seems Like IQ Is More Important Than Ever
As the S&P 500 notches yet another high (for the 6th year in a row and counting), it seems like IQ is becoming more important than ever in our post-2008 economy. People are falling behind because of low IQs, in an economy and free market that bestows great riches upon some and not a whole… Continue reading In Today’s Economy, It Seems Like IQ Is More Important Than Ever
The Pursuit of the Truth
By in large, Ivy League students are smarter in terms of IQ and SAT scores than students from no-name schools. As much as the left whines about cronyism and nepotism in the Ivy League, dull kids typically don’t get into those schools, period (although of course many smart kids don’t go to the Ivy League).… Continue reading The Pursuit of the Truth
Salvation Through IQ
Americans but especially millennials are eschewing the traditional religions for a new ‘religion’ that celebrates not deities, sacred scriptures, or saints – but intellect, wealth, authenticity, and individualism. While idolatry is not a new concept, what makes this trend different is that unlike the young adults of of earlier generations who fawned over the ‘mainstream’… Continue reading Salvation Through IQ
Being A Liberal…
…means pretending to be ‘pro-science’, yet being offended by the science that shows IQ is important and congenital. …means being offended by the economic reality that maybe some people, by virtue of their intelligence, contribute more to the economy than others and are hence more ‘valuable’. …means believing that wasteful government spending can reverse problems… Continue reading Being A Liberal…
The Healthcare Scam
Vertex’s Cystic-Fibrosis Drug Faces Big Test Vertex, based in Boston, Mass., already has a hit cystic-fibrosis drug in Kalydeco, which has a wholesale annual per-patient price of $311,000 in the U.S., and had $464 million in global sales last year. But Kalydeco treats a relatively rare type of cystic fibrosis, with a market of only… Continue reading The Healthcare Scam
Anti-SJW Has Gone Mainstream
From Imgur and Reddit, both of these anti-SJW, pro-men’s rights pictures below went viral, each getting over 5,000 shares and hundreds of comments in support. It’s not like being anti-SJW, pro-men’s rights is on the fringe; no, it’s now mainstream. In just two years we’ve seen a 180 transition – from the SWJs controlling the… Continue reading Anti-SJW Has Gone Mainstream