Tuesday, July 19, 2016

News


Studying for yet another calculus test, goddamn rotating parametric equations about the x-axis and all.

Here's some news:


New Deal Demoncrat - industrial production shows March was the bottom.

Bespoke - post-Brexit record breadth. That means buy.

WSJ RTE - student debt helps the economy. Because it's investment in future productivity. Now just think how much smarter that investment would be if it were financed with 1.6% UST10s instead of fucking 5% student loans.

Gavekal - morons. Apparently the people working at Gavekal are idiotic morons and you should ignore them from now on:
And all that fits nicely with central government spending as a percent of GDP having exploded to 27%, which is fully 4 percentage points higher than a year ago and well into all-time high territory.
Except, Bryce Coward you fucking tool, government spending as % of GDP increases as a country develops. But I guess they don't teach this in business school, do they? Tell you what: you're supposedly a CFA, so how's about you shut the fuck up about developing markets and stay with bean-counting, you useless sack of shit? Hm?

New Yorker - here's the guy you can blame for Donald Trump becoming president. And here's what passes for contrition nowadays:
He went on, “I genuinely believe that if Trump wins and gets the nuclear codes there is an excellent possibility it will lead to the end of civilization.”
Typical liberal media type: a traitor to his own children's future, for just a few bucks.

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