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
Tag: media
The Rolling Hoax
Rolling Stone, an increasingly irrelevant relic of the Baby Boomer generation that found itself in hot water in 2014 over fabricating a story about rape at the University of Virginia that wrongly implicated a fraternity house, is taking a second round of beating for refusing to fire anyone involved in the hoax. The coverage of… Continue reading The Rolling Hoax
We Solved Everything
With the possible exception of the Germanwings crash, there is like literally nothing fucking going on. 2015, like 2014 and 2013, promises to be an uneventful but prosperous year. Expect web 2.0 valuations to keep rising, but stocks seem to be sputtering possibly due to the strong dollar. We (as a nation) have almost become… Continue reading We Solved Everything
The Daily View: Stocks Surge, Hillary, Religion, Paul Tudor Jones
Another big day for stocks. The major indexes rose 3% for the week thanks to the fed’s pledge to not raise interest rates, even as the fundamentals of the economy remain sound. Since early 2014 or so, the news cycle has become so moribund that the media has to invent scandal and outrage where none… Continue reading The Daily View: Stocks Surge, Hillary, Religion, Paul Tudor Jones
The Media and Global Warming
If you look at the media, ok, uh, Russia invading Ukraine, job loss, a police officer was killed. The things that happened yesterday, 99% of them will be forgotten next week. The news cycle always changes. The reports will all gather around and the editor will ask, ‘What do you have?’ Someone will say, ‘I… Continue reading The Media and Global Warming