Expect more political and cultural division in the US, but not civil war

I saw this No, the USA Is Not Headed Towards Civil War See that red rectangle? That belongs to the anti-systemic left who are firmly entrenched in many of the USA’s leading universities, who are not particularly loyal to the constitutional republic, and are more than happy to see it end to serve their own… Continue reading Expect more political and cultural division in the US, but not civil war

Tail Hedging Strategies Are Struggling During the 2022 Bear Market

Over the past few years that has been considerable hype over tail-hedging funds, most notably Universa, which made headlines everywhere after it booked a 3,000-4,000% return in 2020: A ‘Black Swan’ fund posted a massive 4,000% return after the coronavirus blew up markets Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March Investor who returned… Continue reading Tail Hedging Strategies Are Struggling During the 2022 Bear Market

History Changes, But Trends Can Last a Long Time, Too

Responding to the Richard Hanania essay about Fukuyama, I think Freddie is somewhat nitpicking. The heuristic that trends can last last a long time, longer than most people anticipate/expect, is a useful one. It’s not about having a chauvinistic view of one’s place in history or something to be taken literally, but more about a… Continue reading History Changes, But Trends Can Last a Long Time, Too

Fukuyama Still Endures

Came across this excellent article: “The Year of Fukuyama: American Triumphalism and “Normie Theories of Democracy” It’s interesting how relevant and debated Fukuyama still is. If not for that 1992 book, how many people would still care about him (although the same could be said for almost any famous public intellectual or author, as most… Continue reading Fukuyama Still Endures

Markets Update: Foreign Currencies Crash, Bitcoin Poised to Fall Further

Bitcoin poised to fall much lower: Note above how none of the smoothness and concavity conditions are in place for Bitcoin to go higher. This means it has not stopped falling. The orange circles show a smooth, compressed, concave price behavior, but the blue circle is the opposite of that, being jagged , convex, with… Continue reading Markets Update: Foreign Currencies Crash, Bitcoin Poised to Fall Further

The State of America

I came upon this article modern malaise: a theory. In the 80s Thatcher and Reagan broke down trade barriers and ceded government power to banks and corporations. This created a consumer world driven by debt, where everything was assessed by utility. Politics essentially “became a wing of management, saying that it could stop bad things… Continue reading The State of America

Covid is bad, but so is living in a permanent state of fear and anger

This is pretty funny…cry me a river. Taleb is virtue signaling about Covid again, like I said he does in my post 2 days ago. The guy is obsessed with pain and suffering. "…how it would have sounded in 2020 when we had field hospitals in Central Park, bodies were stacked in trailers as funeral… Continue reading Covid is bad, but so is living in a permanent state of fear and anger

battlelines and woke framing

I have been trying to pin down or delineate the battlelines for the ideological strife America has been embroiled in since 2016, particularly online, and has accelerated since 2020. Obviously, Trump. But this alone does not explain the major divide within the left between the anti-idpol left vs. the SJW/woke-left. Or the alliance between the… Continue reading battlelines and woke framing

Monarchies may seem unfair, but so are a lot of other things in life

I saw this video going viral by a critic of the British monarchy, calling hereditary power unfair: Hereditary power may seem unfair, but how it is more unfair than favoritism or crony capitalism in the US, or having wealthy parents, a superior IQ, or other innate, hereditary advantages at life. Inequality, unfairness exists everywhere, and… Continue reading Monarchies may seem unfair, but so are a lot of other things in life

Blame College Wage Premium for Tuition Surge, not Government

The problem with the student loan/college bubble debate is both sides are plagued by predictable biases and flawed arguments. The left believes that making college more accessible and more affordable will improve economic mobility, ignoring or overlooking the high dropout rate. Dropouts get none of the benefits of graduating college but all of the debt… Continue reading Blame College Wage Premium for Tuition Surge, not Government