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washparkhorn

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Everything posted by washparkhorn

  1. Can’t wait for Stone to take the stand. His reptilian brain cannot be suppressed https://x.com/donlew87/status/1691967432624054572?s=46&t=ANoxd3lGfFsuyjNJKs9Vlg
  2. Loved it. As with most Nolan movies, the lack of chronological fidelity is a feature, not a bug. The Red hysteria of the moment was well depicted—as highlighted by Emily Blunt’s evisceration of the prosecutor. Florence Pugh earned consideration for a supporting actor nomination. The sound illustrated fission—explosive and bonds—masterfully. It is not a film for the average Marvel brain. Kubrick would have enjoyed it.
  3. Trimmed mean PCE inflation at 4.24% annualized for June from the Dallas Fed. Trimmed = removing the most extreme increases and decreases—similar to removing outliers as inflation rolls through different sectors. The delayed effect of interest rate increases are beginning to rattle through the economy. The tricky part is determining when to pause or lower rates. Hold the rate too high for too long and the economy stalls.
  4. The pro-democracy Israelis, which include a large swath of those in the military, deserve support. The worst of Israel (the far right) support the de-democratization of Israel. If it leads to civil war, I am not sure the military will side with Netanyahu. The global surge towards right wing authoritarianism continues as the domino effect takes hold.
  5. The dumbass didn’t even bother to check Wikipedia for accuracy. Most names were not slaves.
  6. Central Banking 101: disinflation—good deflation—destroyer of worlds Eurozone and China edge closer to an abyss.
  7. Team Transitory for the win!* * Everything is temporary if you give it enough time. ~Cormac McCarthy’s ghost, probably
  8. The Friedman Doctrine (1970, the sole social responsibility of business is to increase profits) provided the excuse; executives gaming the system was the result.
  9. “Perpetrating a fraud on the court” remains an ethical violation for attorneys and grounds for dismissal with prejudice of a case in Colorado.
  10. The billionaires are creaming over the Moore v. United States case they called up in next season’s Activist Supreme Court:
  11. With all due respect given your experience in intellectual property law where declaratory judgment is common, you are gaslighting a little bit here. Your point is well taken, but does not address the concern over a Court gone awry. State courts generally use wholesale sorting for preventative actions (e.g., declaratory judgment).t” The class of cases is well defined (e.g., an action to quiet title) and the trial court is afforded little discretion in accepting cases outside the identified groups. Access to Federal District Courts for preventative actions (outside of certain areas, including patent law) depends on retail sorting—with all the attendant problems including forum shopping. In the present case regarding free speech, we see one the problems of retail sorting. A litigant, who never produced wedding websites, lied about a real person to allege he requested a marriage website. The case is built on a lie. It undermines the public’s trust in the judiciary.
  12. Wealth tax is the prescription. The Billionaires have a Supreme Court ready to protect their billions in a case that will be heard next session. Truth is stranger than fiction. The billionaires are in good hands:
  13. New from Weber: micro-stabilization as an additional tool to combat emergency created inflation. https://scholarworks.umass.edu/econ_workingpaper/340/ In the overlapping global emergencies of the pandemic, climate change and geopolitical confrontations, supply shocks have become frequent and inflation has returned. This raises the question how sector-specific shocks are related to overall price stability. This paper simulates price shocks in an input-output model to identify sectors which present systemic vulnerabilities for monetary stability in the US. We call these prices systemically significant. We find that in our simulations the pre-pandemic average price volatilities and the price shocks in the COVID-19 and Ukraine war inflation yield an almost identical set of systemically significant prices. The sectors with systemically significant prices fall into three groups: energy, basic production inputs other than energy, basic necessities, and commercial and financial infrastructure. Specifically, they are “Petroleum and coal products”, “Oil and gas extraction”, “Utilities”, “Chemical products”, “Farms”, “Food and beverage and tobacco products”, “Housing”, and “Wholesale trade”. We argue that in times of overlapping emergencies, economic stabilization needs to go beyond monetary policy and requires institutions and policies that can target these systemically significant sectors. Note: stabilization works both ways—stabilize price ceilings and floors. (oh, and fuck you Larry Summers. His record parallels Jim Cramer’s failures.)
  14. Cormac published his first work of nonfiction in 2016. It is an interesting piece: https://nautil.us/the-kekul-problem-236574/
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