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washparkhorn

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Everything posted by washparkhorn

  1. Plutocracy fetish? Adam Smith: “The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least to neglect, persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.”
  2. An increase in the price of oil causes demand destruction and, paradoxically, is disinflationary overall. ———— Lag effects of rate hikes working their way through economy.
  3. At Home Depot, you can do it and we can help
  4. A consensus is forming on the source of inflation:
  5. Elon is a simp for timeshare salesmen mania
  6. David Brooks prefers a nation where the mee-maws don’t have to explain their actions in high school.
  7. 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
  8. 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.
  9. 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.
  10. 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.
  11. The dumbass didn’t even bother to check Wikipedia for accuracy. Most names were not slaves.
  12. FTC warning with Celsius settlement:
  13. Central Banking 101: disinflation—good deflation—destroyer of worlds Eurozone and China edge closer to an abyss.
  14. Team Transitory for the win!* * Everything is temporary if you give it enough time. ~Cormac McCarthy’s ghost, probably
  15. The Friedman Doctrine (1970, the sole social responsibility of business is to increase profits) provided the excuse; executives gaming the system was the result.
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