Friday, October 19, 2018

Did you hear the one about the Polish submarine?

Oh, those wacky Eastern European fascists:

Reuters - how Poland fell out of step with reality.

I love this bit the most:

The health ministry has also sponsored a booklet called “Towards maturity” for school instructors on family and reproductive health, with a stated aim of “preventing a tendency to postpone procreation.” Included in it is a statement that promiscuity “changes a woman’s psyche,” because “a woman’s nature is to devote herself entirely to a beloved man.”

You know a lifestyle progressivist lives in a bubble when they whine more about a Buzzfeed article than about real Eastern European regressivism, by the way.

Friday videos: more of the dance stuff

Rhythm is apparently a dancer:

Thursday, October 18, 2018

Liz Ann Sonders predicts doom, or was it just Kleintop?

Liz Ann Sonders - Schwab market perspective: winter is coming.

Yeah, I think most of the doom in that bullshit missive is actually from Kleintop, yet again shitting all over a good analyst's work.

I prefer this, from four days earlier:

Liz Ann Sonders - Schwab market perspective: no, winter is not coming.

The recession indicators all indicate no recession coming. Yield curve is fine, LEIs are still fantastic, and did you know consumer confidence is actually an input into the economy?

Notice how nobody talks about BRICS anymore?

Even the best country of the lot is now done like dinner:

I guess all that growth since 2014 was a mirage.

I mean, triggering back down on your weekly MACD at that low point is pretty pathetic.

Tuesday, October 16, 2018

New Deal Demoncrat on US wages

New Deal Demoncrat - is the taboo against raising wages beginning to break?

The interesting thing about this is that a rise in worker compensation is what you need in order to get a really growing economy.

Not just due to consumption increases, but also due to the fact that rising wages generate investment in capital in order to substitute away from more expensive labour. And the US makes a lot of money from capital investment in production.

Tim Duy the doomer guy

Tim Duy the economics doomer guy - Fed intent on raising rates even if economy sours.

I dunno… tanking the economy with rate hikes, the way Volcker did, isn't really popular nowadays. Both in the conservative Clinton 90s and the conservative Bush 00's, the Fed was willing to blow a bubble with artificially low rates.

And I'm sure that the Fed staff realize deep down that their dot plots are a worthless pathetic joke, considering the dots have been wrong for the past ten years.

I'm wondering if Duy is just coming down with New Deal Demoncrat's Trump Disease.