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washparkhorn

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Everything posted by washparkhorn

  1. She goes by Bettina Viviano. She's an Obama wasn't born here nutter:
  2. 1. Agree, but the available "money to burn" wasn't great the last time it was officially measured (2019); the median "money to burn number" was bleak ($5,300). https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Transaction_Accounts;demographic:all;population:1;units:median 2. Agree - cash reserves most certainly would be a factor. The greater risk to GDP is that many have learned to survive on less. I have no doubt toxic work environments account much of the reluctance. 3. Agree. 4. Agree. Good point. 5. An important measure. Agree. Tapering of asset purchases is set to be re-examined on Nov. 2-3. The earliest start date for tapering is mid-Nov. 21. I have no doubt we will see economic-ish tantrums surrounding the slowdown of that subsidy. But it is time to wean these asset bubbles off the Fed teat.
  3. Someone is selling a book. From 2016 -https://www.yahoo.com/news/ruth-bader-ginsburg-on-trump-kaepernick-and-her-lifelong-love-of-the-law-132236633.html : "When asked by Couric how she feels about San Francisco 49ers quarterback Colin Kaepernick, and others athletes, refusing to stand for the anthem, Ginsburg replied, “I think it’s really dumb of them.” “Would I arrest them for doing it? No,” Ginsburg elaborated. “I think it’s dumb and disrespectful. I would have the same answer if you asked me about flag burning. I think it’s a terrible thing to do, but I wouldn’t lock a person up for doing it. I would point out how ridiculous it seems to me to do such an act.” Couric then asked, “But when it comes to these football players, you may find their actions offensive, but what you’re saying is, it’s within their rights to exercise those actions?” “Yes,” said Ginsburg. “If they want to be stupid, there’s no law that should be preventive. If they want to be arrogant, there’s no law that prevents them from that. What I would do is strongly take issue with the point of view that they are expressing when they do that.” Kaepernick has said that his bended knee during the national anthem before games is to protest wrongdoings perpetrated against African-Americans and other minorities in the U.S. The stance has outraged many — even President Obama has called it “messy.”
  4. Some of us care - and believe the American Consumer is pivotal in our economic dominance. Others prefer eating the seed corn that feeds the American Economy.
  5. Fed Minutes out: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20210922.pdf
  6. The good news (?) - structurally - on inflation is most of the excess wealth created went to people who have too much money already, so they just save it. The wealth inequality in the US and much of the world is actually a structural buffer against demand-side inflation: https://heisenbergreport.com/2021/10/12/stagflation-echo-chamber/ "Paradoxically, spiraling inequality in the US could help keep inflation in check. “Inflation fears driven by excess consumer savings look less urgent once the distribution of cash is accounted for,” BofA’s Research Investment Committee wrote, in a Tuesday note. The bank observed that “70% of the $3.8 trillion increase in liquid assets since 2019 went to the top 20% of households.” That matters, BofA said, because those households typically spend less than 50 cents of every extra dollar, which means “the extra liquidity will likely flow back into financial assets… not adding to demand for real goods and services.” ----------------------------- All of that comes into focus when the Fed begins slowing its $120 BILLION monthly ($1.4 Trillion yearly) injections into the financial markets.
  7. Good choice. It's good to hear his words from him, not through an interpreter with his or her own agenda. El Erian says no stagflation expected, unless the Fed makes a policy mistake in the future. I agree. https://www.bloomberg.com/news/videos/2021-10-08/el-erian-only-a-policy-mistake-would-cause-stagflation
  8. Consumer expectations for inflation can cause inflation. If the expectations are in-line with actual conditions, they are "anchored." If the consumer expectations are inconsistent with data, they are "unanchored." Unanchored expectations can drive actual inflation. Here’s how then-Fed Chair Ben Bernanke explained the importance of anchoring inflation expectations in a 2007 speech: “[T]the extent to which [inflation expectations] are anchored can change, depending on economic developments and (most important) the current and past conduct of monetary policy. In this context, I use the term ‘anchored’ to mean relatively insensitive to incoming data. So, for example, if the public experiences a spell of inflation higher than their long-run expectation, but their long-run expectation of inflation changes little as a result, then inflation expectations are well anchored. If, on the other hand, the public reacts to a short period of higher-than-expected inflation by marking up their long-run expectation considerably, then expectations are poorly anchored.” https://www.brookings.edu/blog/up-front/2020/11/30/what-are-inflation-expectations-why-do-they-matter/
  9. link to Asimov quote - originally published by Newsweek, 1980 - https://aphelis.net/wp-content/uploads/2012/04/ASIMOV_1980_Cult_of_Ignorance.pdf
  10. 50/50 shot this is a simulation. https://www.scientificamerican.com/article/do-we-live-in-a-simulation-chances-are-about-50-50/
  11. Dumb question amnesty - Is this correct: The first down graphic line is burnt orange because aggy painted their goal lines yellow? Bravo CBS if accurate.
  12. . . . and Dicker scares the shit out of me. He had a good game.
  13. Our lead always felt precarious. Defense looked gassed in the fourth. They had been in a groove and the change up in QB tested their ability to adapt. The D was ferocious and planned well for Rattler. Our offense kept up with them - and that's overperforming for this squad. Bijan got respect from the OU D with the the scheme they ran to shut him down. Wish we had seen the same offense of the first half towards the end, but perhaps the OU D wasn't giving the same overpursing look, as they did in the 1st half. Let's win out. Our beef appear to do better when they are run blocking. Let them open some lanes at the second level. Let's flatten the rest and work for a rematch. Hook 'em
  14. We are in the "finding out" stage of determining China has done to shape that particular battlefield.
  15. He was elected to right the ship. He has been stymied by the Chamber of Commerce Democrats (very small group of dickfuck grifters in the House) and an old corrupt Senator with a newly minted Code-Pink turned corrupt as fuck Senator). Add in the Trump Vaccine resistors, prosperity preachers, and right wing militia groups - and belligerent drumbeats from China. And zero help from any Republican. He job is not done. The obstructionists are paid to make sure it is never completed. Some human and corporate citizens are despicable in their greed.
  16. Poor gold can't get respect no damn respect an inflation hedge? Are gold bugs bailing to crypto?
  17. White Replacement "Theory" (it's pseudoscience) is the driver. This book took hold in the United States during the Eugenics Period of our history. Hitler loved the book, which led some its followers to go on and follow Hitler and his iconography The book is a lynchpin of white-racist counter-culture in America: White supremacy is based on pseudo-scientific theories of the genetic superiority of the white “race.” Many of these claims track back to four books arguing that perceived racial differences are both hierarchical and vitally important to the proper social order: Count Arthur de Gobineau’s 1853, The Inequality of Human Races; Frances Galton’s 1870 Hereditary Genius: An Inquiry into Its Laws and Consequences Madison Grant’s 1916/1924, The Passing of the Great Race; and T. Lothrop Stoddard’s 1920 The Rising Tide of Color Against White World Supremacy. Overview of U.S. White Supremacist Groups, Journal of Political and Military Sociology, 2006 - https://www.academia.edu/2484782
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