Thursday, August 11, 2016

This is what counts as "dialing it back a notch" for Trump


The Guardian - Trump calls Obama the founder of ISIS. Well, at least he didn't call for the assassination of a presidential candidate, or urge a foreign adversary to commit campaign-related espionage, or spit in the face of the family of a soldier who gave his life for the country, or get sued over allegations of repeatedly raping an underage girl, so I guess this is what counts as a "pivot":
Donald Trump escalated his rhetoric against Barack Obama on Wednesday, dubbing the US president as the “founder of Isis”.

The Republican presidential nominee’s comments, made at a rally in Sunrise, Florida, came as Trump continued to face a backlash for hinting a day earlier that his opponent, Hillary Clinton, be assassinated by gun rights supporters.

“Isis is honoring President Obama,” Trump said of Islamic State. “He is the founder of Isis. He founded Isis. And, I would say the co-founder would be crooked Hillary Clinton.”

Trump’s declaration echoed an attack he made against Clinton last week, also in Florida, in which he said the former secretary of state “should get an award from them as the founder of Isis”.
I see. Hm. Because Obama and Clinton did what, now?
The origins of Isis trace back to the aftermath of the US invasion of Iraq in 2003.
I see. So Obama founded ISIS when he was an Illinois state senator and chair of the Illinois senate's Health and Human Services Committee?

Or maybe he founded ISIS in 2005-2008 when he was a US Senator?

Either case, he musta had a busy schedule.

Please, do continue:
But Trump has routinely gone a step further by stating directly that Obama is sympathetic to terrorists.

The former reality TV star employed the same tactic on Wednesday, referring to the president by his full name – Barack Hussein Obama – and repeating it several times for emphasis of his claim that Obama had founded Isis.
That's actually no big deal. The neo-Nazi Republicunts have been calling the president "Barack HUSSEIN Obama" for eight fucking years now. So this bullshit from Trump is actually bog-standard Republican party policy. We should be thankful he's finally taking race-hate pointers from Reince Preibus.
Trump has not articulated a clear strategy against Isis,
Correction: Trump hasn't articulated anything, full stop.

Some newsbits

Did my calc exam last week, but I still don't know how I did. I probably got at least an A- in the course, but there might be some bell-curving, so I have no idea.

But now I need to spend the rest of August reviewing intro algebra (which I last took almost 30 years ago), and getting a head start on stats, calc II, and "math for economists". Plus I need to go to the dentist for yet another broken tooth, and do half a dozen other things around the house. So I'm still busy, I just feel lazy.

I think I'm also going to start a second blog, just for economics. I have one at university, but it's on the private system so I'm sure nobody reads it (except for maybe a couple profs); I'd like to have one set up so that I can include its url on my grad school applications.

In the meantime, here's some news:

New Deal Demoncrat - weekly indicators. Again, everything's fine. Panties: quit piddling them. And as an aside, I was watching Nightly Business Report last night, and they had some guy on who was a rare voice of reason. You're well served to ditch all the bullshit internet & TV business news, and just stick with NBR.

Reuters - global negative-yielding debt slips to $11.4T. And, importantly, that's about how much money Gabriel Zucman estimates is being held in tax havens by the kleptocratic elite and multinational corporations. Whence I developed my thesis that "secular stagnation" is really just what you get when the kleptocrats have won.

Guardian - Sir Humphrey Appleby explains Brexit. For the "Yes Minister" fans out there, written by the creators of the series, which btw should be required material for anyone studying political science.

Wednesday, August 10, 2016

In case you want the addresses of those "air duct cleaning services" people....

If you live in southern Ontario, you've been constantly harassed for years by weekly Pakistani telemarketing calls from "air duct cleaning services". They don't stop calling, and they get rude and insulting if you tell them to fuck off.

Well, the CRTC fined them a hilariously small pittance last year:

CBC - duct cleaning companies pay $55,000 for violating do not call list.

The Pakistani call centre is in operation again, and it's even expanded into credit card fraud. But at least now the company owners' names and addresses are available for all to see on the CRTC website.

So perhaps the karmic thing to do, if you've had to put up with their calls in the past, is perhaps to go visit the people listed below and thank them for the many thousands of idiotic phone calls from Pakis named "John" who called you twice a week from "your city!", definitely not Islamabad, and by the way welcome to Canada, let me explain how to behave like a civilized human being:

Ziad Rawdah dba Kareem Duct Cleaning
5 Belton Court
Whitby, Ontario
L1N 5P2

Afzal Hamid Raza dba HR Home Services
2012-71 Thorncliffe Park Drive
Toronto, Ontario
M4H 1L3

Zahid Mehmood dba Bridge Home Services
6 Emily Anna Street
Woodbridge, Ontario
L4H 2S5

Syed Ahmer Ali dba Cambridge Heating Services
695 Markham Road, Suite 32
Toronto, Ontario
M1H 2A5

Naveed Raza dba Top Line Air Duct Cleaning Inc.
24 Pelmar Pl.
Scarborough, Ontario
M1G 1G5

Ali Tariq dba Toronto Breeze Air Duct Cleaning Services
3 Grogan Street
Ajax, Ontario
L1Z 0P6

Younas Nadeem dba N Bro Transport Inc. and Goodlife Home Services
1838 Bridlington Crescent
Mississauga, Ontario
L5N 7L1

And by the way, since these are all Pakistanis, and they were using the same Pakistani call centre that is now calling people in an attempt to commit credit card fraud, what do you think the chances are that these people are involved in that scam too? Or that at least they're in possession of material information that would aid the authorities in investigating this credit card fraud scam, and should therefore be arrested and questioned?

BREAKING DERP: Eleven's not enough for Trump anymore

Well, I guess we can assume that for Trump, it's not enough to turn the derp up to eleven.

Guardian - Trump hints at assassination of Clinton by gun nuts. Wait... what?!?:
Donald Trump has been accused of a making an “assassination threat” against rival Hillary Clinton, plunging his presidential campaign into a fresh crisis.

The volatile Republican nominee was speaking at a rally in Wilmington, North Carolina, about the next president’s power to appoint supreme court justices.
Aw geez...

Rolling Stone - Trump's assassination dogwhistle was scarier than you think. Aw come on:
Let that soak in for a second. One of the two major-party nominees for president just called for "Second Amendment people" to "do" something about his political opponent's judges. According to the Trump campaign's rapid response team, he was talking about those "Second Amendment people" coming together politically – "unification," as they called it. The Clinton campaign, and pretty much the entire Internet, saw it differently: as a clear suggestion of violence against a political opponent.

It's hard not to side with the Clinton campaign here. What Trump said was that a particular group – those who are defined by rallying around guns – should do something about Clinton and her judicial nominees. What can people who rally around guns do that's different than others? Use those guns.
And don't think the Secret Service isn't paying attention:

Independent - yup, now the Secret Service is paying attention. This ain't reality TV anymore, Donald:
In an unprecedented move, the United States Secret Service has responded to the presidential hopeful’s words.

Through its official Twitter account, the service tweeted: “The Secret Service is aware of the comments made earlier this afternoon.”
I'm sure Trump won't lose support from the unbathed extremist goldbug cranks who love shooting their mouths off about that cool shed in the forest that they've been living in ever since they got wiped out in junior gold miners. But they're a tiny and insignificant minority.

The core constituency of Republicans is little old ladies. And little old ladies won't vote for some clown who openly advocates assassinating his political opponent. Hell, even the majority of NRA supporters won't vote for him now: most gun owners won't openly associate with someone who advocates assassinating politicians, because they have the slightest bit of fucking common sense.

And the funny thing is, like I said before, the only difference between Trump and every other Republican candidate is that Trump doesn't bother covering up the fact he's a moron with poor impulse control.

This ain't just about the presidency anymore: I eagerly await Clinton's sweep of the House and Senate this November.

Tuesday, August 9, 2016

Jojo's still around

I saw some traffic from a goldbug blog yesterday, and that led me to being reminded that Jordan Roy-Byrne still exists. Sorry, I just haven't been paying attention to the goldbug world at all recently.

Anyway, he says this:

Get back Jojo! - gold and gold stocks bull analogs. Where he says this:

Which would be nice and all, except for the caveat that there's no reason this time has to be like last time. Gold is just a dumb commodity, after all; it's just that the Chinese and the Indians and the kleptocratic elite are constantly buying more of it because their wealth is constantly increasing, and now Wall Street Whitey has come back into the game.

Jojo thinks gold miners are extended to the upside right now, but then again gold miners should be extended to the upside if Wall Street Whitey is piling back in with anything approaching the same ferocity at which they piled out over the past couple years.

I mean, assume the market expects gold to continue going up from here. Then, if people are buying gold stocks in expectation of future earnings and not present value, then of course the equities should lead the underlying market. I mean hell, broad equities led the underlying US economy out of March 2009, right? That's just what happens: expectations make equities lead the underlying condition.

As far as buying the smallest juniors is concerned:

Remember how they were all a bunch of worthless pumpers of moose pasture at best, or outright criminal fraudsters at worst? Remember how Cookie says there's not really any easy gold left to find? Remember things like political risk and equity dilution?

None of that's changed.

If you get into venture explorecos, all you're doing is trying to play a coming pump-and-dump hype. And maybe the hype will come, and there's nothing better than making a one-week 50% win on some piece of pump-and-dump garbage like Golden Hope. But there's easier money to be made.

Monday, August 8, 2016

And as for the US economy....

Calculated Risk - NAHB housing survey remains positive.

New Deal Demoncrat - July Jobs report is fine, quit piddling your panties.

Jared Bernstein - wot he said.

Or you could just spend another eight years in cash waiting for the next crash. Up to you.

All Trump all the time!

WaPo - Republicans nominate dangerously insane person to lead America, then panic when he proves he's dangerously insane. Derp:
Republicans are in a full scale panic today because Donald Trump’s candidacy appears to be in chaos. There is talk of an “intervention,” inspired in part by Trump’s continuing attacks on the Khan family. RNC chair Reince Priebus is described as “very frustrated” and “stressed,” because he is “running out of excuses” to offer party bigwigs about Trump’s political incompetence and indifference to basic political norms. Republicans are panicking because Trump is frittering away a chance to defeat Hillary Clinton amid “self inflicted mistakes” and “missed opportunities.”

In other words, if only Trump were not acting in such a crazy manner right now, he’d be on track to having a real shot to beat Clinton, and if Trump just gets a handle on his fleeting bout of bad behavior, he’ll be right back in the position of having a good chance to win. An “intervention” just might set that right.

But let’s entertain another interpretation of what’s going on here. Republicans have shifted into a much higher state of Red Alert because Trump’s erratic antics are revealing just how reckless their decision to nominate him really was, and how reckless their continued support for him really is. In other words, Trump is now threatening to damage the party in far worse ways than Republicans had bargained for, because he’s revealing in inescapably clear terms the real character and qualifications of the person they knowingly nominated to run the country and continue to support for the presidency.
I really must take issue with this.

Trump is no more of a sociopathic, ignorant, dangerous, kleptocratic fucktard than Paul Ryan, Rand Paul, Reince Preibus, Roger Ailes, Newt Gingrich, Rush Limbaugh, or anyone else who's been leading the Republican masses for the past thirty years.

He just has less impulse control. That's all.

Until America figures this out they're not going to understand their own failings.

Totally cool thing from China

BBC - China's new "straddling bus" hits the road. This is so many levels of awesome:

The "bus" straddles two lanes of roadway.

It's thus a high-capacity public transit system that costs a fraction of a subway.

But no, you guys go ahead and invest in India instead, where the best they can do in transit infrastructure is this: