In your opinion, what does this blog need more of?

Tuesday, December 6, 2016

Seattle minimum wage update

Invictus - Seattle minimum wage update. Long story short, raising the minimum wage doesn't cause unemployment, because

1. there are feedback effects that mean the higher-paid plebs can now spend more, and

2. employers pay their employees far, far less than their marginal product of labour.

Greg Mankiw would admit this stuff if he was an economist, instead of a rentawhore grifter for the Republican party.

Monday, December 5, 2016

Uber's entire business model is a sham

FT Alphaville - Uber's entire business model is a sham.

Basically, they're subsidizing their business with capital from share sales.

Basically, they're a junior gold exploreco.

Cats kicking themselves in the face, and you can too!

There's nothing so much like a goldbug as a cat kicking himself in the face:

Sunday, December 4, 2016



According to Zerohedge, Renzi just lost his referendum, which will mean heightened uncertainty in Italy and imminent Italian banking sector contagion. Because obviously when Renzi lost the referendum, everyone in the country decided to leave their jobs and go home.

As Business Insider adds, ermagerd the Euro has collapsed in thin overnight trade.

Oh also gold went up $10 for a sec but then went back down.

Sorry, Zerohedge, but I think this is going to be faded by morning, and all your stupid typing was for naught. Your fifteen minutes of dooooom will just make you look stupid, yet again, in the long run.

You should maybe concentrate more on your Russian-funded disinformation campaign about western NGOs secretly conspiring to help refugees enter Europe.

essays on geology

OK, exam time is upon me, so I really should quit the bullshit and start studying.

I was doing really badly around October, but it turns out I was just suffering from life-threatening encephalopathy, no big. I've since pulled my marks up and have a chance for 3 A+es, and I have a lot of study time because my last 2 exams are on the 22nd, so I may as well try to do my best, right?

So, in case you miss reading a lot of stuff, why not bookmark some essays on the history of geology, metallurgy, and precious metals from a professor at UC Davis:

Essays on Geology and History

The section on the high middle ages is good.

Thursday, December 1, 2016

Daniela! and Rick Rule too

Lot of searches hitting my blog again for Daniela Cambone, so she must have been doing something....

OK, she's interviewed a bunch of weevils at some goldbug summit or other.

Here she is with Rick Rule:

And FFS Daniela, quit doing your hair with a center part. This right here is how your hair should look.

Bit of reading


Calculated Risk - ADP employment up in November. I guess that all the petit-bourgeois small business owners have no reason to hold back on hiring, now that The Trump is president, right? So expect a big gush of positive economic expectations news for the next few months.

Bespoke - yuuuuuge increase in consumer confidence. The 5 u's suggest that Bespoke reads my blog. Again, the news itself points to a massive surge of happiness now that the ebil sociamalist gay Muslim Barack HUSSEIN Taxbongo is no longer in charge.

Bonddad - the US is a service economy and has been for a long time. Only ideologues can deny empirical fact.

Tuesday, November 29, 2016

You know who they are, really?

"You know who they are; they are the ones who denied and denied the ginned up bull market in US stocks that nearly tripled under the socialist regime, circa 2009-2016.  They are the ones who clung to gold well past the caution point last summer."

You mean like the blogger with a newsletter who made a 0% profit all through 2012 and 2013 while the US stock market was taking off, because he was still fixated on gold stocks, which were collapsing, and he thought that dooooom was just around the corner?

Some news

Isn't it amazeballs how one can completely forget about a dental appointment?

Here's some news:

NDD - weekly indicators. Everything's grand, except interest rates, which either was an overdone hasty spike by cokeheads who trade instantaneously based on long-run stories, or alternately was a sign that Republicans who've kept their money in savings all these years are about to take their money out of bonds and spend it. Either way, it doesn't arse me as much as it arses NDD.

Francisco Saraceno - some animals are more equal than others. A reminder that Germany has been in complete violation of the EU's Macroeconomic Imbalances Procedure, which shows that all they care about is beggaring the rest of Europe for their own benefit.

Mickey Fulp - the fallacy of belief (pdf). Mickey's actually a philosopher, believe it or not. Good piece, read.

Sunday, November 27, 2016


Palmer Report - before the official recount even begins, Wisconsin revises vote totals.

Ha ha! They checked their numbers and said "whoops! Yeah, it seems we reported 5,000 extra votes for Trump that never were cast. Meh, no bad."

NDD has a point

New Deal Demoncrat - will Republican voters start spending more?

GOP voter economic confidence spiked after the election, because Jesus and the wall and we no longer need to fear mooslims and Crooked Killary. Or something.

Yeah no seriously, all you have to do is go look on some shitty psycho goldbug blog to see how much Republicans thought the US economy sucked under the Negro. Now, instead of a Negro, they have Trump, and all sorts of other right-wing loons working with him.

Should be fantastic for economic confidence, no?

Same reason the stock market should soon spike to a 30 PE.

Before crashing, of course.

Friday, November 25, 2016

Daily news: all Trump, all the time

Hey Kitco, I'll still write for you, if you want. The news is interesting nowadays.

The news:

Raw Story - Bush lawyer says Trump in violation of the Constitution. Quote:
Painter said he suggested Wednesday morning to Kellyanne Conway that Trump should address potential conflicts with the U.S. Constitution’s emolument clause by turning over to the U.S. government for audit any payments made to his businesses by foreign governments or their entities after his inauguration.

The obscure constitutional clause bars anyone “holding any office of profit or trust” from accepting compensation from “any king, prince or foreign state” without congressional approval.

“So far, they are showing no willingness (to address potential conflicts of interest), and saying the message to me that they aren’t even interested in my advice because I didn’t support Donald Trump for president,” Painter said.

“Well, now he is the president for all of us, all the American people, he’s going to be, and he needs to comply with the Constitution at a bare minimum,” Painter continued. “They need to recognize the problem and address it.”
Meh, who needs stinking rules, right?

The Hill - Trump's Argentina project makes headway after phone call to president. Quote:
According to Quartz, three days after Trump spoke with President Mauricio Macri, one of his real estate projects in Buenos Aires made headway after years of delays. That report was based on a story out of the Argentina-based La Nacion.

The report noted that there is no substantive indication that Trump’s conversation with Macri had anything to do with the project getting a green light, but is just the latest in a series of questions about possible conflicts posed by Trump’s efforts to serve as president while maintaining a global business portfolio.

Construction on that $100 million building is set to begin in June 2017, but still has to be permitted by the government.
Hey, that's just called doing business, right?

The Independent - Trump's security chief took money from Putin and Erdogan. Quote:
John Schindler said Michael Flynn, who Mr Trump has nominated for the senior post, had taken money from the governments of Vladimir Putin and Recep Erdogan. Mr Schindler claimed on Twitter that Mr Trump would be a “hypocrite” if he stood by his nomination of the former general given his promise to “drain the swamp” of Washington.

“Flynn took money from Putin & Erdo─čan AND he broke important INFOSEC laws+regs,” he said. “If Trump stands by him now, he is a monstrous hypocrite.”
To be fair, Dani Rodrik points out that there really was a massive conspiracy in Turkey to overthrow the government, and Rodrik should know cos he knows Turkey. Doesn't mean Erdogan's not a cunt, just that you need to take anti-Turkey news with a grain of salt.

WaPo - Russians helped spread fake news during election. Quote:
Russia’s increasingly sophisticated propaganda machinery — including thousands of botnets, teams of paid human “trolls,” and networks of websites and social-media accounts — echoed and amplified right-wing sites across the Internet as they portrayed Clinton as a criminal hiding potentially fatal health problems and preparing to hand control of the nation to a shadowy cabal of global financiers. The effort also sought to heighten the appearance of international tensions and promote fear of looming hostilities with nuclear-armed Russia.
Yeah, I saw the clowns posting "OMG Hillary is going to declare war against Russia!" too. Those clowns just make me laugh.

NPR - we tracked down a fake news creator. Quote:
During the run-up to the presidential election, fake news really took off. "It was just anybody with a blog can get on there and find a big, huge Facebook group of kind of rabid Trump supporters just waiting to eat up this red meat that they're about to get served," Coler says. "It caused an explosion in the number of sites. I mean, my gosh, the number of just fake accounts on Facebook exploded during the Trump election."

Coler says his writers have tried to write fake news for liberals — but they just never take the bait.

Coler's company, Disinfomedia, owns many faux news sites — he won't say how many. But he says his is one of the biggest fake-news businesses out there, which makes him a sort of godfather of the industry.

At any given time, Coler says, he has between 20 and 25 writers. And it was one of them who wrote the story in the Denver Guardian that an FBI agent who leaked Clinton emails was killed. Coler says that over 10 days the site got 1.6 million views. He says stories like this work because they fit into existing right-wing conspiracy theories.

"The people wanted to hear this," he says. "So all it took was to write that story. Everything about it was fictional: the town, the people, the sheriff, the FBI guy. And then ... our social media guys kind of go out and do a little dropping it throughout Trump groups and Trump forums and boy it spread like wildfire."

Which suggests right-wingers are just more gullible than anyone else, no?