Brexit came and went, and the immediate consequences were bad. In overnight trading, hundreds of billions of dollars were lost, as Global markets plunged between 4 percent (United States) to 10 percent (Germany, UK), with billions more projected if Britain enters recession. Although I agree to some extent with the cause, I disagree with the… Continue reading Brexit Happens
Category: Uncategorized
Brexit Vote: A Bigger Deal Than the US Presidential Election
The vote still hasn’t happened, yet markets reeling: German DAX down about 10% in less than two weeks (although it has since recovered a bit) S&P 500 down 3% from its high made 2 weeks ago Britain down 9% (it has also recovered a bit) Did anyone even think of the consequences of trying to… Continue reading Brexit Vote: A Bigger Deal Than the US Presidential Election
He’s Right Again
He’s right again (Martin Shkreli in response to Senile Sanders): Maybe the kids realize a life of prosperity is marginalized by encroaching socialism and capitulate early? https://t.co/0KpTaLlChz — Martin Shkreli (@MartinShkreli) June 19, 2016 People such as myself and Martin want to create economic environments where the best and the brightest can succeed to their… Continue reading He’s Right Again
Welcome To the Working Class Nick Denton!
From Justine Tunney: Welcome To the Working Class Nick Denton! As many already know, Gawker recently filed bankruptcy and is seeking to sell its assets to cover the Hogan judgement. Justine Tunney, one of the earliest pioneers of NRx (until she was unfortunately expelled), recounts how Gawker tries to ruin lives: You may remember me… Continue reading Welcome To the Working Class Nick Denton!
Correct Predictions, Part 2
Not much going on again. Some time ago NRx and rationalism began running out of ideas. Too many open threads and link round-ups. ‘Echo chamber’ does seem like an apt description, but it’s a chamber where stale ideas are reverberated, not new ideas. Everything has become so predictable, expected (the inevitability of everything) that even… Continue reading Correct Predictions, Part 2
Conspiracy Theories
Not much going on…same as usual. The media is like stack of megaphones placed in front a buzzing insect, amplifying the noise until it’s defending, working everyone into a frenzy. Tuning out the sensationalist media hype is the easiest way to not make investing mistakes, as well as live a happier life. There are some… Continue reading Conspiracy Theories
FOMC Stupidity
Form the Reformed Broker: This is a low-flying panic attack There are too many people who believe that just because they have a blog and opinions, they can also pretend to be fed chairman, because obviously the fed is doing it all wrong, and it’s up to the lowly blogger to ‘set them strait’. The… Continue reading FOMC Stupidity
The Physics Police
This article went viral: Dear Dr B: Why not string theory? This article is a casebook example of the the modus operandi of liberalism, which is to try to ‘save’ people from perceived evils as determined by said liberal, whether it be big corporations, ‘greedy’ capitalists, ‘predatory’ lenders, genetically modified food, ‘institutional racism’ (a favorite),… Continue reading The Physics Police
Preventing Bad Policy
The general consensus by economists and policy makers is that the 2016 United Kingdom European Union membership referendum (brexit) will have negative consequences: IMF says Brexit ‘pretty bad to very, very bad’ The Brexit delusion Brexit is a needless complication, an attempt to fix something, that while flawed (especially about immigration), isn’t yet sufficiency broken… Continue reading Preventing Bad Policy
Religion of Peace Strikes Again
Suspected Orlando gunman identified, has ‘some connection to ISIS’ Mass shootings and other acts of domestic terrorism have surged under Obama: Possible reasons include the exceptionally polarizing nature of the Obama administration, which provokes extremists. Also, Obama’s softness on terrorism and affinity to Islam. As I alluded to yesterday, Islamic terrorism is the greatest threat… Continue reading Religion of Peace Strikes Again