Last week Media Matters ran a hit piece regarding Musk condoning alleged antisemitism on the platform, causing some advertisers to defect. Musk went on the attack, claiming that Media Matters took the data out of content, which I do not dispute. I think he is right. My opinion of Media Matters, like all watchdog non-profits,… Continue reading Elon’s free speech defection

As widely expected, Mounjaro gets FDA approval to treat obesity. Crémieux predicts these new weight loss drugs will make obesity a thing of the past: One day, obesity will be viewed as a problem that plagued humanity for just a few decades in the richest parts of the world. That day keeps getting closer. pic.twitter.com/KcWCGRVRjz… Continue reading GLP-1 weight loss drugs will not end the worldwide obesity epidemic

Here are my thoughts and predictions for the 2024 U.S. Presidential Election: It’s going to be close and intense. I am very confident about this prediction. The era of either side occasionally nominating sub-par candidates who stand in as token opposition and are expected to lose, such as Dole, Romney, Mondale, etc.–is over. The political… Continue reading Thoughts and Predictions for the 2024 U.S. Presidential Election

Bitcoin is setting up for a major disappointment. Nothing changed between now and a month ago except the price is $9,000 higher. There is no indication that the ETF will be approved or that any progress is being made. As soon as it dawns on market participants that the ETF will not be approved, or… Continue reading Bitcoin setting up for major disappointment

I saw this a few days ago: Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found.… Continue reading Americans are insanely wealthy

Stocks stage major recovery, with the S&P 500 and Nasdaq up a record eight session in a row. What a perfect V-shaped recovery for the Nasdaq as shown below. You cannot ask for a more symmetrical recovery, exactly as I said would happen 2 weeks ago, having bought  the dips like on Meta and SVIX… Continue reading Big Tech and the future: A mini-manifesto. 

I’m sure many have seen the below barchart in the context of debate about IQ vs success, as evidence of how high-IQ does not matter that much for career success or income given the considerable IQ overlap between high-paying and low-paying professions: I’ve seen this posted many times over the years on blogs, Quora, and… Continue reading Old studies about income/wealth and job success vs. IQ are unconvincing

Item #1: Taleb is fanning the flames of crisis again. He wants another World War or a nuclear war so he can say ‘I told so you so’ for having predicted a black swan, or something like that. The fundamental difference today between the left and right is the latter is on the side of… Continue reading The daily view 11/6/2023 Taleb, Republican Aristocracy, Wokeness, and Philosophy

Item #1: Bitcoin is lagging tech again. As shown below, QQQ, in blue, is up an astonishing 4%–one of its biggest weeks ever for the year–, while Bitcoin is flat: So I’m back to being always right again. I was right about tech recovering, having added to the dip on Meta and SVIX last week.… Continue reading The daily view 11/3/2023: Stocks surge and Bitcoin falls, IQ circularity, Ozempic, South Korea schools

Growth Is Up. So What’s Up With the Economy? I don’t think we should minimize that strength. America’s economic performance since the end of the pandemic has substantially outpaced the rest of the developed world and has also very substantially bested the performance of the Chinese economy. Inflation is still elevated, but is well below… Continue reading Why Americans are incredulous about the strong economy