All over the internet, people are asking if the economy has peaked or when to sell their stocks, especially given the unprecedented duration and magnitude of the post-2009 economic expansion and stock market boom, which as of 2018 has surpassed all prior records. Given that interest rates are so low , I think this wealth… Continue reading Additional arguments against economic stagnation
Stop blaming introverts for mass shootings
From Quillete The Deadly Boredom of ‘A Meaningless Life’ And Mel Magazine What Do We Do About the Violence of Lonely Young Men? The shootings in Denver and El Paso are an invitation for internet armchair psychologists and pundits everywhere to rehash the same tired narrative to explain the epidemic of mass shootings by young… Continue reading Stop blaming introverts for mass shootings
Left-wing reaction
The tweet below struck me as neo-reactionary, as an indictment of America’s puritan cultural bedrock, despite being composed by someone who is otherwise left-wing: Americans will never, ever lose their hunger and thirst for tattling on each other and getting one another fired. It worked for the Puritans and it works for us. Good for… Continue reading Left-wing reaction
IQ and wealth, continued
Some people get annoyed by the idea that wealth and IQ are strongly linked. They say “look at all those smart people who are not rich!” At the low-end of IQ, such as around 80-95, people have fewer career choices, and the correlation between wealth and IQ is stronger. Someone with a high IQ can… Continue reading IQ and wealth, continued
Not worried about latest tariffs
The S%P 500 fell 3% yesterday and is off 5% from the highs over trade war fears. My prediction for these latest round of tariffs (five and counting) is that nothing will happen. There will be no meaningful uptick in inflation as measured by CPI. The market has done this many times since Jan 2018… Continue reading Not worried about latest tariffs
Update on Trump Wall
With $2.5 billion in military funding appropriated for the wall, we have an update on progress, exclusive from Drudge Report: Jarred Talyor is right Vox said 6 months ago “Trump would deliver” and to “trust the plan” and to “give him 48 hours” I could have told ya’ll there was no plan and nothing would… Continue reading Update on Trump Wall
Taleb is a liberal, continued
If it’s not already obvious enough that Nassim Taleb is a liberal, he re-tweeted this: One can argue that a retweet is not an endorsement, but if that were true, Taleb would have added commentary. I guess we know who he’s voting for. It also shows that Tooleb never supported Trump either in 2015-2017, but… Continue reading Taleb is a liberal, continued
Taleb’s latest twitter meltdown
Uh oh, it looks like Tooleb is having another fit on Twitter about those ‘race Nazis’ again: Is @clairlemon still denying that her Quillete project is into a neo-Nazi "scientific" racism ("race realism") agenda? — Nassim Nicholas Taleb (@nntaleb) July 29, 2019 In the Twitter comments, the overwhelming majority disagree with Taleb and his libeling… Continue reading Taleb’s latest twitter meltdown
Woke capital does not make sense. It is not supposed to.
Looks like I was right yet again 2 months ago telling people to buy Google stock on the dip over fears of a supposed anti-Trust investigation. Spoiler alert: nothing will happen. There’s not going to be any investigation. No one has the impetus to do it. Ppl complain about social media censorship and monopolies, but… Continue reading Woke capital does not make sense. It is not supposed to.
The ’90s and now, part 13
Ross continues…”but cold hard economic data also suggest that ours was a uniquely blessed coming-of-age: a time of low unemployment, surging productivity, strong working-class wage growth — and all without a huge overhang of public and private debt;” however, the unemployment rate currently stands at 3.8%, which is as low as it was in the… Continue reading The ’90s and now, part 13