Scott describes the decline of Trumpism, but I think it’s pretty much dead at this point with little no hope of revival unless things change dramatically, which I doubt they will. But this decline is not due to changing public sentiment as Scott shows, but rather due to structural changes within the Trump administration. I… Continue reading End of ‘Trumpism’
Form Aron Schwartz Aaron Swartz: I Hate the News I agree it’s mostly a waste of time in that it often does not effect the reader directly, but the funny thing is, when a smart, accomplished person like Aaron proudly proclaims he doesn’t, people are like “hmm maybe he has a good point about not… Continue reading Aaron Swartz: I Hate the News
Tucker Carlson’s book “Ship of Fools: How a Selfish Ruling Class Is Bringing America to the Brink of Revolution” is getting a ton of media coverage and has been reviewed by iSteve and others on the so-called dissident right. Right now we are living through what can be described as a sort of obsession with… Continue reading Ship of Fools
From Bloomberg: It wasn’t smart to dump a dovish Fed chief, run up the deficit, and start a trade war. Trump did all three. Although Barry Ritholtz is a liberal and we probably would not agree on much politically, I agree with his investing philosophy and find his non-partisan, strait-talk insight to generally be valuable.… Continue reading Does Donald Trump Owns This Stock Market? Maybe
Bitcoin continues its descent, now at $3,350 with no bottom in sight still. I don’t think Bitcoin longs realize how bad things have the potential to be. If they seem bad now, with Bitcoin 84% off the highs, it can get a lot worse. That’s why I have never recommended to buy the dip. How… Continue reading $50 Bitcoin? Possible
This article is going viral The Housing Boom Is Already Gigantic. How Long Can It Last? The viralness is due to the article combining two of the three elements of the wealth-intellectualism-individualism trinity, those being intellectualism (generally, high-IQ people, who have more money and thus are more likely to be homeowners, are interested in home… Continue reading The Housing Boom Is Already Gigantic. How Long Can It Last?
Probably one of my favorite and underrated presidents in recent history is George H.W. Bush, because I can identify with him the most. He’s someone who should have never been elected. He won because voters thought they were getting four more years of Reagan, the Willie Horton ad was really effective (so much so that… Continue reading George Bush
Arnold asks “Why some things get expensive” No one denies U.S. healthcare is expensive. In fact, medical bills are leading cause of bankruptcy for Americans. But a more precise question is, are U.S. healthcare costs unduly high? What I mean is, adjusting for quality of care, malpractice, hospital conditions, prognosis, and a bunch of other… Continue reading Are Americans Paying Too Much for Healthcare? It’s complicated
Over the past few days there have been a slew of negative headlines about tariffs and trade wars: Trump called himself “Tariff Man.” The internet did the rest U.S. stock futures fall, Asia follows after Canada arrests Huawei CFO Stock market plunges as Wall Street gives Trump’s China deal another look Global stocks drop after… Continue reading Not worried about tariffs, yield curve, and trade war
Ann Coulter understandably is pissed that Trump has made no progress on the wall. The lack of progress is not surprising. I predicted in August 2017 there would be no wall, although I knew even well before then it would not happen. A continuous, permanent 2000-mile border wall is a colossal undertaking. If completed, it… Continue reading So where is the wall?