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Dennis Overbye Retiring
3 hours ago
Sunday, May 31, 2015
Two Tommys
Our Political Class -- No Longer Nearly A Good Enough Start
As I pondered this nascent "Our Political Class" series, my mind wandered back just a short interval to this post including Adams' classic quote: "I have come to the conclusion that one useless man is a disgrace, that two become a law firm, and that three or more become a congress."
And then I realized that the old joke about lawyers needs to be revised to "What do you call a thousand lawyers on the bottom of the ocean? No longer nearly a good enough start."
Our Political Class -- Dishonorable Mention
Instapundit » Blog Archive » AMERICA’S POLITICAL CLASS: “If I understand the history correctly, in the late 1990s, the President…: "AMERICA’S POLITICAL CLASS: “If I understand the history correctly, in the late 1990s, the President was impeached for lying about a sexual affair by a House of Representatives led by a man who was also then hiding a sexual affair, who was supposed to be replaced by another Congressman who stepped down when forced to reveal that he too was having a sexual affair, which led to the election of a new Speaker of the House who now has been indicted for lying about payments covering up his sexual contact with a boy.”"Read More......
Our Political Class -- A Summation
Attention FIFA: Here’s how to take a bribe without getting caught - MarketWatch: "As late Boston political boss Martin Lomasney once said, “never write if you can speak, never speak if you can nod, and never nod if you can wink.”"Read More......
Much More Than The Robots Per Se
Will A Robot Steal Your Job? | Zero Hedge: "Will a robot steal your job?
It turns out that the answer depends on the prevailing macroeconomic conditions much more than people think.
...Read More......
In other words, in a technologically-advanced economy, cheapening capital by central bank decree can actually destroy jobs rather than create them. Try wrapping your head around that one Thomas Piketty.
It seems that many of our jobs are under threat as a result of policies that create severe economic distortions, much more than the robots per se."
Where No Man Goeth
Are All Central Bankers Idiots? | Zero Hedge: "Here's what he told us:Read More......
It is doomed, of course. But not necessarily soon. As long as the major tendency of the economy is toward deflation, central banks can print money without causing consumer price inflation. They can buy bonds and keep buying them. When they buy bonds, they tend to lower interest rates. They also finance government deficits. And, from Japan’s example, it looks as though they can do it almost indefinitely.That’s right: They can keep this gig going… until they can’t. When it ends is anybody’s guess. It is in the future, where no man goeth with GPS or map in hand…"
Like since the time of the ancient Egyptians
This typical sign of a stock market bubble is misleading - MarketWatch: "Martin Kenney is a professor at the University of California, Davis, and an expert on the IPO market. Kenney is also the senior project director at the Berkeley Roundtable on the International Economy at the University of California, Berkeley. In a recent interview he told me that, because of the ease with which private financing is available, the average startup is waiting a lot longer before going public.And from the comments:
How easy is it to get private financing? Take a recent comment from Stewart Butterfield, chief executive of Slack, the corporate-messaging app that last month raised $160 million from a handful of investors and is now valued at $2.8 billion. Butterfield told the New York Times: “It might be the best time for any kind of business, in any industry, to raise money for all of history, like since the time of the ancient Egyptians.”"
Hulbert has a good point. There certainly isn't the exuberance of past stock market bubbles, but there is a bubble nevertheless. It is a bubble in credit. Many have cited the PE ratios as the reason that this is not a bubble. They fail to realize that the current PE ratios would not even be possible if companies had not leveraged up with debt. In 1980, there were 60 major companies worldwide that possessed the coveted AAA rating. By 2000 that list had dwindled to 15, and today there are only five. When growth slows, revenues decline. If a company is leveraged with debt, even a slight decrease in revenue can result in default on that debt. Governments have also leveraged up with debt. In 2008, the global debt was $147 trillion, and today is $200 trillion. Debt is growing exponentially, like the shape of a hockey stick. We are at the "hockey stick" moment. Tick, tock!Nothing to see here, move along now... Read More......
Bueller?
Instapundit » Blog Archive » A VELVET FIST DICTATORSHIP: Do they not see the irony? The New York Times published an oped over t…: "A VELVET FIST DICTATORSHIP: Do they not see the irony? The New York Times published an oped over the weekend titled, “The New Dictators Rule by Velvet Fist,” penned by a couple of professors. Their thesis:Ugh. Read More......
[A] new brand of authoritarian government has evolved that is better adapted to an era of global media, economic interdependence and information technology. The “soft” dictators concentrate power, stifling opposition and eliminating checks and balances, while using hardly any violence.Um, yeah. Sound familiar? Eliminating checks and balances? Anyone?"
Saturday, May 30, 2015
Friday, May 29, 2015
The New Blue Dress
John Podesta Poses in Drag for Hillary …Twitter Paints the Dress Blue – With a Stain! | The Gateway Pundit: "It didn’t take Twitter long to paint the dress blue with a Lewinsky stain on the collar… Notice: The bus passengers are all Clinton victims including Ambassador Chris Stevens."
Monday, May 25, 2015
Memorial Day
Ace of Spades HQ: "Always remember."
An updated version of something I have run before. Read More......
Sunday, May 17, 2015
Adams Redux: Congress and Debt
Quotes | John Adams Historical Society: "“I have come to the conclusion that one useless man is a disgrace, that two become a law firm, and that three or more become a congress.”Hmm. Perhaps there is a connection between these two quotes... Read More......
– John Adams
“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”
– John Adams"
Saturday, May 16, 2015
COTD: The Mirror
Obama Insults Christians, Apparently Out of Ignorance | Power Line:Read More......
Deborah Brown · Follow · Top Commenter · Sentinel High School
I'll repeat a favorite line of my own: Obama's altar has a mirror.
Reply · Like · 17 · 21 hours ago
Saturday, May 9, 2015
Blame
The Bookworm Beat 5-9-15 — the “I’m not all here” edition: "A few days ago, I did a post saying that, since blacks insist that everything whites do or have done is destructive to blacks, blacks might want to stop demanding our help and try to rebuild their culture without white interference. I even had proof that Martin Luther King felt the same way I do, at least when it came to responsibility (and for more on the subject of responsibility, you can go here):"
CQOTD
Illinois Supreme Court basically buries pension reform « Hot Air: "“Power is inflicting pain and humiliation. Power is in tearing human minds to pieces and putting them together in new shapes of our own choosing.” – George Orwell, 1984"Read More......
Friday, May 8, 2015
No Assassin's Veto
Megyn Kelly Indirectly Responds to O’Reilly on Geller: We Don’t Compromise Our Values - YouTube: "Megyn Kelly very blatantly and indirectly responded to what some of her Fox colleagues have been saying about Pamela Geller and the “Draw Muhammad” cartoon contest tonight."
Thursday, May 7, 2015
Stopped Clock Watch 5/7/15
MSNBC's Chris Hayes Nails It On Freedom of Speech And Drawing Muhammad | Truth Revolt: ""If we were going to do a segment that was about someone that was advertising on the network, and I was kind of on the fence about it or actually didn't even like the segment, right? I thought it was a little unfair maybe. But then someone came to us and said 'you can't do that segment because of an advertiser', I'd be like, well now we have to do the segment. Because it has to be the case that we can do that segment.""Read More......
Wednesday, May 6, 2015
If Only Those Emails Weren't Deleted
Behold: I Called It | National Review Online: "My friends at Digitas were kind enough to put this together:"
Blasphemy: Treason Against The Liberal Fascist State
What does it mean to blaspheme? What is blasphemy?: "Civil laws designed to prevent blasphemy have had mixed results. Scientists such as Copernicus and Galileo were charged with blasphemy for daring to posit that the earth was not the center of the universe. The Spanish Inquisition sought out blasphemers to punish. John Calvin and Martin Luther have both been accused of blasphemy and of supporting the death penalty for blasphemers. In many European countries, where religious and political leadership intermingled , blasphemy against God was equated with treason against the State."Read More......
Sunday, May 3, 2015
More Pie
Baltimore Is Nothing More Than an Informercial For U-Haul and The NRA - Breitbart: "Baltimore needs more government like Michael Moore needs more pie."Oof. Read More......
AND: Nor is Baltimore America’s problem. Baltimore is a Democrat problem. These riots are nothing more than Democrat infighting, and the videos of these riots are nothing more than infomercials for U-Haul and the NRA.
Saturday, May 2, 2015
Which One?
Firefighters Union RIPS Obama: You Say One Baltimore Protest Fire Was Looped on TV… Which One? | The Gateway Pundit: "And one burning building will be looped on television over and over and over again, and the thousands of demonstrators who did it the right way, I think, have been lost in the discussion.It’s not clear which burning building he was talking about… There were 159 fires set on Monday night by “peaceful” protesters in Baltimore.
The International Association of Fire Fighters asked President Obama on Friday, “Which one?”"
Everything he says is a lie including "and" and "the". In this case especially the "and"'s and "the"'s.
(I am highly confident that Mary McCarthy would approve my message -- rest her soul.) Read More......
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