I was going to write a post yesterday about the FBI raid on Trump’s Mar-a-Lago estate, but it does not look as bad as the media hype made it seem yesterday. From the NYTs: F.B.I. Searches Trump’s Mar-a-Lago Residence in Florida (Obligatory archive.ph link) The search, according to multiple people familiar with the investigation, appeared… Continue reading FBI raid on Trump’s Mar-a-Lago estate

In the post GameStop stock rally proves media wrong, again, 2021, I wrote “The GameStop gains are going to hold and it will keep going up.” Today it’s only down 50% from its 2021 highs , which is less than Bitcoin (down 66%). It’s up 11% today, and also the gains have held contrary to… Continue reading Another huge day for GameStop

Inflation is often framed by the media, pundits, and politicians as a sort of tax. Compared to nominal returns, your ‘real’ returns are how much money you have after taking into account this deduction or debit due to inflation. I think however, this framing is to some degree wrong or incomplete. It’s not really a… Continue reading Is Inflation like a tax? It depends.

– Fogel, who is in his 60s, had around 17g (0.6oz) of cannabis in his luggage when he was caught on 15 August 2021 at Sheremetyevo airport, he told lawyers. 0 attention to this story tho. https://t.co/wDDK6dAOGP — Cernovich (@Cernovich) August 5, 2022 Because no one in the US has ever been sentenced for decades… Continue reading Russia’s Drug Laws are Comparable to the US

Credible sources are still entertaining the possibility of societal or economic collapse of the US. People are obsessed with this topic. Maybe they see collapse as an opportunity to break from the monotony of consumer capitalism, or they are bored, or something to do with ‘bullshit jobs’, which seems to come up in every discussion… Continue reading The Case Against Collapse

I saw this Mega Millions ticket wins $1.34B lottery jackpot Why it matters: The jackpot rolled 29 times since April and if no one won Friday’s drawing lottery officials said the prize had the potential to grow to $1.7 billion for Tuesday’s drawing, which would have been the nation’s largest lottery prize. These lotteries have… Continue reading Lotteries and the Age of Extreme Payouts

It’s time to review the scorecard. I looks like I was correct on everything, except for Facebook, which is still below $160/share on weak earnings. Correct: Amazon stock surged 10% on earnings, on its way to being worth $10 trillion soon. Bezos will be the world’s second trillionaire after Musk, and Amazon stock will go… Continue reading Mid-Year Predictions Scorecard

It’s interesting how conservatism has evolved in America in recent decades. Starting in the early eighties with Reagan and all the way up until around 2008-2012–ending with the Global Financial Crisis and its aftermath, and the forgettable campaigns of Romney and McCain–the Republican party was heavily influenced by the the so-called Chicago School, composed of… Continue reading The Future of the GOP is Snoop Dogg