Archive for the ‘Fucking Markets’ Category

So how do the two parties treat Americans?

Let’s start with the Dems.

Hillary blames her election loss on: her pet media, debate monitors not asking her some questions about some made-up, fantasy, saved-or-created jobs she created, the FBI, misogyny, the laughable idea that Putin apparently preferred the unknown Trump (who probably has bribed Putin) to the often and easily bribed Clinton, he’s been bribing Clintons since the 90s, and more. I’m sure I’m missing a few.

In other words, it had nothing to do with her, it’s all the voter’s fault for not recognizing her greatness and everybody else’s fault for not letting the idiot voters know.

A visual representation

 

On the other side of the aisle, we have the GOP we keep electing to get rid of Obamacare, do something about our porous borders and stop lax enforcement of laws against lefty-approved folks.

So how are they doing?

They’re getting right on Building That Wall!!!!!!!!!!!!!!!!!

Laura Ingraham: One thing I know for sure, Sean, is that we have way too many people on Capitol Hill who are not on the president’s side of this. I’m talking Republicans. So I have no doubt in my mind that Donald Trump wants this wall to be built. Congress has to appropriate the money. I heard over two months ago that GOP leadership, the most senior senators on Capitol Hill, and I heard it from someone who was in the room with them, they were laughing at an idea a wall would ever get built. Out loud laughing. They were recently telling that source of mine, “Don’t worry, it’s not going to happen.” (emphasis him, V)

 

Oh, but they have been getting right on repealing Obamacare!!!!!!!!!!!!!

Several Republicans have come out Monday against the current measure to repeal and replace Obamacare, bringing CNN’s whip count to 21 Republicans — mostly moderates — opposed to the bill with at least 17 lawmakers still undecided.

Moderates are against it? It’s hard to figure out, but I think this is it

Pressed further, Trump said that “we actually have a clause that guarantees” coverage for those with pre-existing conditions. Trump also said the health care legislation is “changing.”
Unlike the mandate under Obamacare, however, under the GOP bill insurers could charge them higher rates than others in the plan if they allow their coverage to lapse.

So in other words, it seems moderates are against introducing even a little sanity into the gov’t take-over of my life is DOA.

A visual representation of how the GOP has treated me over the last few elections with coming attractions for the next few elections no matter who we vote for.

 

 

Here we have Hillary, who only wants what’s best for hersel…America, saying that Trump and Russia colluded on enforcing Obama’s red line.

Sometimes shit comes out of the woods.

I blame the bears.

 

Okay, this one’s hilarious. 100 days into Trump’s first term we’ve been watching them get more and more ridiculous but seriously, if the left didn’t have crazed hyperbole all they’d have would be violent, smelly, hippies.

Historian Timothy Snyder: “It’s pretty much inevitable” that Trump will try to stage a coup and overthrow democracy.

Geez, at least wait until he’s running for re-election. I mean, it’s not as if you can’t re-use it 4 years later. Heaven knows we all worried about Obama doing the same thing but kept our mouths mostly shut until it was time for a presidential election (or after Hillary lost to Russia…Trump).

 

Japan’s Peace Constitution Is Under Pressure!!!!!!!!!!!

Japan’s American-written “peace constitution” has survived unchanged for 70 years, but nationalists seeking an overhaul are gearing up for a major new push as concerns grow over North Korean belligerence.

Conservatives have long called for the document they see as a national humiliation to be amended, but current political alignments and growing security concerns suggest they now have their best chance of success.

Yeah see, enweakening Japan was only workable if we were trustworthy in their defense. Since we’re no longer trustworthy (we elected Obama twice and almost elected Hillary after all) they need to be able to defend themselves.

I just hope that if they get all empirey they look at China and don’t start looking for revenge for those two cities.

 

I don’t like this, but it’s about what I would have expected. Trump is a northeast liberal and has been running in those circles his whole life.

Jared Kushner failed to disclose his ownership of a real estate startup linked to Goldman Sachs and George Soros, according to a report Tuesday.

Kushner, President Trump’s son-in-law and top adviser, didn’t note on his government financial disclosure form that he is a part-owner of real estate finance firm Cadre, which matches investors with real estate projects, the Wall Street Journal reported.

If you’re involved in big money, you’re involved with all the same people.

I have no hopes for the GOP doing anything useful, I’m still hoping that Trump undoes as much of Obama’s law breaking…making as possible but not accepting he’s Rudy Giuliani with more business sense is just not paying attention.

 

The Post does say bad things about Dems, but they also go after Trump pretty hard.

Headline

Trump’s comment about breaking up banks jolts markets

Body of article that shows headline to be misleading at best and fake-news at normal.

In an interview at the Oval Office, Trump told Bloomberg News that he was “looking into” reviving the Glass-Steagall Act, a law that kept separate commercial and investment banks.

A revival of Glass-Steagall, which he described as “the old system,” has been a feature of Trump’s agenda since at least August, when it was on the Republican Party’s platform, and has been discussed by high-level White House surrogates…

When Bloomberg’s ultra-fast headline wire service reported the story, however, that nuance had been lost: “TRUMP SAYS HE’S ACTIVELY CONSIDERING BREAKING UP BIG BANKS,” (emphasis me this time, V)

 

So what you’re saying is that his statement was misreported (totally accidentally I’m sure), and yet your headline blames it on Trump.

Never change Never Trumpers.

 

Can you say Revenue Generation?

Almost Every Speed Limit Is Too Low. “Traffic engineers believe that the 85th percentile speed is the ideal speed limit because it leads to the least variability between driving speeds and therefore safer roads. When the speed limit is correctly set at the 85th percentile speed, the minority of drivers that do conscientiously follow speed limits are no longer driving much slower than the speed of traffic. The choice of the 85th percentile speed is a data-driven conclusion—as noted lieutenant Megge and speed limit resources like the Michigan State Police’s guide—that has been established by the consistent findings of years of traffic studies. Yet most speed limits are set below the 85th percentile speed.”

I knew that you could. Safety is not the point, getting the maximum blood from our stones is.

 

I was wrong about one thing, apparently Congress is doing something about a signature Obama priority!

The Post-9/11 GI Bill has been formally put on the chopping block in effort to free up funds needed cover roughly $108 billion worth of student loans being forgiven by the federal government, sources confirmed today.

While millions of debt-saddled young college graduates breathed a sigh of relief, the Department of Defense announced that as of January 1, 2018, the GI Bill will be no more – meaning service members and veterans alike will have to cough up their own money for higher education.

The move comes as Congress and student veteran groups had been debating an improvement to the current GI Bill program which would have “taxed” troops out of their paycheck to pay for higher education. Instead, leaders decided to get rid of the entire program in favor of helping everyone except veterans, in keeping with standard operating procedure.

If only that were less likely it would be a lot funnier.

 

So what have we learned? Not a blessed thing.

I refuse to leave it at that! Let’s me put some geography learnin’ on your ass!

There’s a pass in the Urals that’s perfect for motor-boating.
No, really. I always thought it was cold and snowy but if you look on this map you’ll see a warm and inviting pass in the Urals perfect for motor-boating!

 

You can tell it’s not cold by the lack of peaks.

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I don’t think any of us thought that Silk Road was being run from any location in the US.   Not if the owner/operator, Ross Ulbricht was smart, anyway. Not that he’s not book smart, he’s got degrees in physics and chemistry, but he was extraordinarily careless in keeping his identity hidden. I don’t know if this was lack of knowledge of how to hide and protect himself from prying eyes (doubtful) or if Ulbricht’s hubris was so great that he thought he couldn’t be traced. The FBI claims that evidence was obtained through monitoring the administrator login and through making purchases through the site, but would any of us be surprised if the NSA had a hand in this?

This would be a fun trial to watch if it weren’t for the side issues of murder for hire, computer hacking, fraud, etc. There are so many privacy and liberty issues tied up in the existence and use of Silk Road, as many of the ‘victimless crimes’ have found a home there. Ulbricht’s defense could probably run something along the same lines as why the creator of BitTorrent has never been prosecuted, except for the minor issues of hiring a hit on someone who was blackmailing him and obtaining a counterfeit identity.

It’s going to be interesting to see what happens to Bitcoin market value over the next few weeks and months. The largest place to spend them is shut down, so the demand won’t be as high, but at the same time tens of millions of Bitcoins were seized so the number of Bitcoins on the market is greatly decreased.

Veeshir seems to have taken up the mantle of doing roundup-style posts since I’ve mostly abandoned blogging, but every once in a while I still will need to clear out my bookmarks…

Moe Lane: “The essential problem with the Chuck Hagel nomination.” – Moe is too kind, but basically on-point.

Everything the O-bots told you about Obamacare was a lie.  We informed you thusly.

Wounded Warrior Project rejects church’s fundraising efforts. So I guess the ads singing “Say a prayer for peace” were entirely secular prayers to nobody in particular, or something.  (“… one or more gods, or fewer…”)

A nice long write-up about the hubbub in Mali.

Reason: No, WWII did end the Depression.

Pending debt crisis link #1.

Pending debt crisis link #2 (Pethokoukis @ AEI).

PIMCO’s Bill Gross on the “Credit Supernova“.

Happy days are here again: No-money-down mortgages are back, baby! (Facepalm)

Daily Caller: Obama’s new French economic adviser has ‘faith in redistribution’ (Double facepalm)

Weekly Standard: Obama Continues to Violate His Own ‘Stimulus’ Law by Not Releasing Quarterly Reports (Infinite facepalm)

How else could the government muck up the economy? By dragging on croudsourced funding regulations! (In violation of the law, to boot.)

Zero Hedge: Germans contemplate impact of US oil boom.  Glimmer of hope.

Lowry via Ace: Limbaugh was right about Obama.  No shit.

WashTimes: West Point center cites dangers of ‘far right’ in U.S.  — Stay tuned for my pontifications about the insurrectionist doctrine.

Get your ass to Mars.  One way.

Chimps like pr0n too!

Oprah likes foreskin. On her face.

00:00.01

Posted: November 17, 2012 by Edward von Bear in Baconblogging, Fucking Markets

Of all of the moments I have had as a parent, few have been more satisfying than watching my daughter fall whilst riding her bicycle. While that may sound harsh, I do not revel in seeing her in pain or disappointed; no, my happiness came when, after a moment of sniffling and checking to make sure that the scrape on her leg or elbow was not serious, she picked herself and her bicycle up, climbed back on, and proceeded to ride some more, never giving up, and proceeding down the path. I mention this because for all of my worries about her future, I am a bit more sanguine than I should be, since if she can pick herself up after a mishap at a mere 7 years old, she certainly has the innerworkings to survive (and thrive) in any environment she may face as she grows older.

The same should apply to us in the wake of the recent election. Yes, we lost and they won. That, sadly, is beyond dispute. But what next? How and what do we do to start the clock over? How do we reset and begin anew? What do we do with the first second of the new era, in the hopes of doing what needs to be done to push back statism? Will you give up? Will you just say, “fuck it”? Or, will you be like a 7 year old on her bike and get back up and continue the fight, albeit under a new set of rules?

Honestly, I have no fucking clue what to do next. I have no fucking clue how to handle the first second of the first minute of the new era we are in. But I can guaranfuckingtee you this, I’ll get back on that bicycle and plow ahead on my own if I fucking have to, learning along the way what needs to be done next and how to apply it. I will do this steeled by words I came across this week while looking for something else, though I loved them. These were the words of Pope John XXIII as Vatican II rolled along in an effort to inspire the bishops and priests in attendance:

Consult not your fears
but your hopes and your dreams.
Think not about your frustrations,
but about your unfulfilled potential.
Concern yourself not
with what you tried and failed in,
but with what it is still possible
for you to do

Yes, what is still possible. How can I look the child who pulls herself up off the ground in the eye and quit? How can I let defeatism and frustration get in the way? How can I stifle her hopes and dreams by not fighting for them? And how can you do the same for those you care for? How can you look in the mirror and admit defeat and refuse to look to what is still possible, albeit in trying circumstances? That is how I have picked myself up off the floor after the defeat a few weeks ago. And I hope you do the same.

To everyone out there, I have no idea where this road will take all of us, but I promise you this: I will not leave you stranded if you pick yourself up, get back on that bicycle, and restart your clocks with me. I also promise this to be one hell of a ride.

And as for the lefties spiking the football, let me add something for you:

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Good job unions.  There go 18,000 jobs.  And there go Zingers, and Wonder Bread.

Oh this’ll end well

Posted: September 17, 2012 by doubleplusundead in Democratic morality, Fucking Markets, Liberal Fascism

So one of the clauses in Obamacare is that soon 30 hours a week will be considered full time employment.  Here’s what’s going to happen with that, all the people who work on a part time basis on paper (i.e., they work 30+ hours a week, but are not considered full time for various reasons) are going to get fucked hard by this.  This is a very common thing in retail and restaurants and to a degree in trades and construction, it’s not that unusual in certain offices either, particularly on the lower end of the wage scale.  Those people are now going to get bumped back to 20-25 hours, or paid under the table if it’s an independent operation, major corporations aren’t going to pay under the table.  These workers will have to find an additional job to supplement their income, and they may already have two+ jobs already.  Of course everyone else is going to be doing the same, and as it is a lot of these base level jobs are being held by older people who are holding off leaving the workforce, and younger people with degrees who are stuck in lower jobs due to the bad economy.

The other thing will be the limitations on those employees, many of them are under conflict of interest clauses, as an example (I don’t know what any of these companies’ clauses are, this is a hypothetical), if you work at Toys’R’Us and primarily work in electronics and video game consoles, you might not be able to work at Gamestop or Best Buy due to conflict of interest clauses in your contract.   So then you have to hope that Petco, Bubba’s Lawn Care, McDonald’s or Family Dollar are hiring, and you’re going to have heavy competition for even those.  This is going to be devastating to anyone who is just starting out in the workforce, or someone of limited means trying to make a living or career, Obamacare is literally making it to where they don’t stand a prayer of success.  But hey, there’s always welfare to fall back on, right?

Socialism is fueled by hopelessness, human misery is more valuable than gold to them.

Enough of The Bernanke

Posted: September 15, 2012 by socklessjoe in Fucking Markets, News, Obama's Fault

I’ve had just about enough of Ben Bernanke.

I’m not a reflexive Fed hater. As I’ve stated on this blog before, I’m a monatarist, and believe that a certain amount of money printing can sometimes be a good thing. But I called “uncle” on extraordinary money printing back in April 2011. Since then we have not seen absurd inflation, but we’ve seen it. From a money supply perspective, I don’t really see the need for massive new QE. The M3 money supply growth rate has been mildly positive and stable since some time in 2011.

But I would not be posting if QE3 was just more QE2. What bugs me about QE3 is not so much that they’re doing it, but what they’re doing. I’m somewhat bothered by the magnitude of QE3, and very much bothered by the emphasis on purchasing mortgage securities.

One lonely dissenting Fed voice, Richmond Federal Reserve President Lacker:

Finally, I strongly opposed purchasing additional agency mortgage-backed securities. These purchases are intended to reduce borrowing rates for conforming home mortgages. Such purchases, as compared to purchases of an equivalent amount of U.S. Treasury securities, distort investment allocations and raise interest rates for other borrowers. Channeling the flow of credit to particular economic sectors is an inappropriate role for the Federal Reserve. As stated in the Joint Statement of the Department of Treasury and the Federal Reserve on March 23, 2009, “Government decisions to influence the allocation of credit are the province of the fiscal authorities.”

And that’s what bugs me about QE3. When everything was going to hell in a handbasket, if you bought into the concept of TARP, it made sense to try to stop the bleeding in housing. More foreclosures meant more bank failures which would mean monumental contractions in the money supply having a run-away effect that would inflict untold collateral damage on the economy. (I know a lot of people don’t buy this theory, but bear with me.)

But unless The Bernanke sees future spiraling deflation in housing, there’s really no justification for the continued emphasis on housing. The housing market crashed because people put too much (borrowed) money into real estate. With things being relatively stable now, why on earth would it be a good idea to further inflate housing prices and encourage individuals to take on more household debt? This is beyond absurdity. If they are going with the “wealth effect” theory to goose-up consumer spending, they are very explicitly re-inflating the original bubble, and even if “sucessful” their efforts will have profound unintended consequences.

Between inflated housing, fuel, and food, discretionary consumer spending will shrivel, not rise. Inflated housing prices means stifled household creation, meaning more basement-dwelling 20 and 30 somethings. Lower savings rates with corresponding minimal capital formation means fewer small business start-ups. Increased disparities between rich and poor.

Charts and a little more commentary below the fold…

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