https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

Macroeconomists are usually wrong. The ones with political influence
are always wrong. "Dismal science" indeed.

Of course, they can always find something else to blame for their
idiotic rail-slamming policy recommendations.

--

Anybody can count to one.

- Robert Widlar

On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
wrote:

>https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>
>Macroeconomists are usually wrong. The ones with political influence
>are always wrong. "Dismal science" indeed.
>
>Of course, they can always find something else to blame for their
>idiotic rail-slamming policy recommendations.

https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

As usual, too much too late.

--

Anybody can count to one.

- Robert Widlar

jlarkin@highlandsniptechnology.com wrote:
> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
> wrote:
>
>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>
>> Macroeconomists are usually wrong. The ones with political influence
>> are always wrong. "Dismal science" indeed.
>>
>> Of course, they can always find something else to blame for their
>> idiotic rail-slamming policy recommendations.
>
> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>
> As usual, too much too late.
>
>
>
My father had a standard line about that--he said he wanted to hire a
one-armed economist, because he was sick of being told "on one hand,
this, on the other hand, that."

Cheers

Phil Hobbs

--
Dr Philip C D Hobbs
Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics
Optics, Electro-optics, Photonics, Analog Electronics
Briarcliff Manor NY 10510

http://electrooptical.net
http://hobbs-eo.com

On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
wrote:

>On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>wrote:
>
>>https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>
>>Macroeconomists are usually wrong. The ones with political influence
>>are always wrong. "Dismal science" indeed.
>>
>>Of course, they can always find something else to blame for their
>>idiotic rail-slamming policy recommendations.
>
>https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>
>As usual, too much too late.

The issue here is who is saying it, not when they arrived at the
party. His influence on Wall Street is immense.

..<https://en.wikipedia.org/wiki/Jamie_Dimon>

Joe Gwinn

On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
wrote:

>On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>wrote:
>
>>On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>wrote:
>>
>>>https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>
>>>Macroeconomists are usually wrong. The ones with political influence
>>>are always wrong. "Dismal science" indeed.
>>>
>>>Of course, they can always find something else to blame for their
>>>idiotic rail-slamming policy recommendations.
>>
>>https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>
>>As usual, too much too late.
>
>The issue here is who is saying it, not when they arrived at the
>party. His influence on Wall Street is immense.
>
>.<https://en.wikipedia.org/wiki/Jamie_Dimon>
>
>Joe Gwinn

Not as immense as artificially forced zero interest rates and massive
spending.

At zero interest, everybody dumps savings and buys stocks. And
government can borrow and spend without limit. At zero interest, you
don't have to pay back loans.

Fun, while the party lasts.

--

If a man will begin with certainties, he shall end with doubts,
but if he will be content to begin with doubts he shall end in certainties.
Francis Bacon

On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
<pcdhSpamMeSenseless@electrooptical.net> wrote:

>jlarkin@highlandsniptechnology.com wrote:
>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>> wrote:
>>
>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>
>>> Macroeconomists are usually wrong. The ones with political influence
>>> are always wrong. "Dismal science" indeed.
>>>
>>> Of course, they can always find something else to blame for their
>>> idiotic rail-slamming policy recommendations.
>>
>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>
>> As usual, too much too late.
>>
>>
>>
>My father had a standard line about that--he said he wanted to hire a
>one-armed economist, because he was sick of being told "on one hand,
>this, on the other hand, that."
>
>Cheers
>
>Phil Hobbs

Macroeconomics is not much different from astrology or witchcraft.

--

If a man will begin with certainties, he shall end with doubts,
but if he will be content to begin with doubts he shall end in certainties.
Francis Bacon

On Wednesday, June 1, 2022 at 11:36:48 AM UTC-7, John Larkin wrote:
> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joeg...@comcast.net>
> wrote:
>
> >On Wed, 01 Jun 2022 09:36:28 -0700, jla...@highlandsniptechnology.com
> >wrote:
> >
> >>On Wed, 01 Jun 2022 09:33:55 -0700, jla...@highlandsniptechnology.com
> >>wrote:
> >>
> >>>https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
> >>>
> >>>Macroeconomists are usually wrong. The ones with political influence
> >>>are always wrong. "Dismal science" indeed.
> >>>
> >>>Of course, they can always find something else to blame for their
> >>>idiotic rail-slamming policy recommendations.
> >>
> >>https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
> >>
> >>As usual, too much too late.
> >
> >The issue here is who is saying it, not when they arrived at the
> >party. His influence on Wall Street is immense.
> >
> >.<https://en.wikipedia.org/wiki/Jamie_Dimon>
> >
> >Joe Gwinn
> Not as immense as artificially forced zero interest rates and massive
> spending.
>
> At zero interest, everybody dumps savings and buys stocks. And
> government can borrow and spend without limit. At zero interest, you
> don't have to pay back loans.
>
> Fun, while the party lasts.

Well, a year ago, if not long, i posted here that inflation will be big problem and go high on oil/gas. I did not foresee the RU/UA war, but everything else was in place. I was ridiculed with transitory inflation. Even Yellen now admit their mistakes.

On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
<jlarkin@highland_atwork_technology.com> wrote:

>On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>wrote:
>
>>On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>wrote:
>>
>>>On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>wrote:
>>>
>>>>https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>
>>>>Macroeconomists are usually wrong. The ones with political influence
>>>>are always wrong. "Dismal science" indeed.
>>>>
>>>>Of course, they can always find something else to blame for their
>>>>idiotic rail-slamming policy recommendations.
>>>
>>>https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>
>>>As usual, too much too late.
>>
>>The issue here is who is saying it, not when they arrived at the
>>party. His influence on Wall Street is immense.
>>
>>.<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>
>>Joe Gwinn
>
>Not as immense as artificially forced zero interest rates and massive
>spending.

Yes, but that is not yet within his power.

But he would make a fine Secretary of the Treasury.

>At zero interest, everybody dumps savings and buys stocks. And
>government can borrow and spend without limit. At zero interest, you
>don't have to pay back loans.

Yep. Inflation also causes people to covert savings into tangible
things of intrinsic value.

>Fun, while the party lasts.

The midterm elections this coming November will be very interesting.

Joe Gwinn

On 01/06/2022 19:38, John Larkin wrote:
> On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
> <pcdhSpamMeSenseless@electrooptical.net> wrote:
>
>> jlarkin@highlandsniptechnology.com wrote:
>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>> wrote:
>>>
>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>
>>>> Macroeconomists are usually wrong. The ones with political influence
>>>> are always wrong. "Dismal science" indeed.
>>>>
>>>> Of course, they can always find something else to blame for their
>>>> idiotic rail-slamming policy recommendations.
>>>
>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>
>>> As usual, too much too late.
>>>
>> My father had a standard line about that--he said he wanted to hire a
>> one-armed economist, because he was sick of being told "on one hand,
>> this, on the other hand, that."

That is a problem with all theoreticians. Many possible explanations of
any graph but only one of them is right and sometimes none of them are.

> Macroeconomics is not much different from astrology or witchcraft.

That is unkind to them even though I do view them as without doubt the
most dismal science. In no other intellectual endeavour do researchers
prostitute themselves for Mammon except for "Economics" Nobel laureates.
Long Term Capital Management being the canonical example.

https://en.wikipedia.org/wiki/Long-Term_Capital_Management

Problem is that like with quantum mechanics all economics experiments
and bankers utterances can seriously affect the systems that they are
trying to measure, control and model. I once had a chance to play with
the UK economic modelling program and it does get the basics right.

Problem is the real world doesn't ever behave like the model. A few
select insiders get advanced warning from friends and so the system is
not fair in the sense that all players have equal access to information.

It is best summed up by what the CEO of Lloyds of London said about the
unlucky naive names made bankrupt by being lumbered with asbestos
syndicate losses "If God had not intended them to be shorn Hr would not
have made them sheep". Far enough back to have a historical perspective.

https://www.theguardian.com/money/2000/nov/04/business.personalfinancenews1

What it can do nothing about is black swan events like the idiocy of
Brexit or external factors like the Russian invasion of Ukraine and the
resulting huge and rapid increase in energy prices.

Markets consist of mostly stupid greedy individuals doing what they
think will make them the most money and bonuses in the short term. It is
no surprise that they are unstable. Invention of new ways to con people
with paper based frauds that earn big for early investors whilst robbing
the latecomers are legend and have been ever since ancient times.

Bank of England issues stern warnings about this sort of thing roughly
every 50 years or so. Tulip mania, South Sea bubble and railways were
earlier ones. The dotcom boom and crypto currencies are still too fresh
to get a perspective on right now. Crypto is still very much in play.

One thing is certain - the insiders seldom lose any money and stand to
make a great deal by tricking gullible fools into parting with theirs.

--
Regards,
Martin Brown

Martin Brown wrote:
> On 01/06/2022 19:38, John Larkin wrote:
>> On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
>> <pcdhSpamMeSenseless@electrooptical.net> wrote:
>>
>>> jlarkin@highlandsniptechnology.com wrote:
>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>> wrote:
>>>>
>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>
>>>>>
>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>> are always wrong. "Dismal science" indeed.
>>>>>
>>>>> Of course, they can always find something else to blame for their
>>>>> idiotic rail-slamming policy recommendations.
>>>>
>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>
>>>>
>>>> As usual, too much too late.
>>>>
>>> My father had a standard line about that--he said he wanted to hire a
>>> one-armed economist, because he was sick of being told "on one hand,
>>> this, on the other hand, that."
>
> That is a problem with all theoreticians. Many possible explanations of
> any graph but only one of them is right and sometimes none of them are.
>

There are a whole lot of folks who seem to have learned everything they
know from the Friday evening stock market reports.

"Program trading," "weakness in Asia," "weak Treasury auction," "short
squeeze in tech,", you know the deal.

In solid state, it's

"Surface states," "deep-level traps," "many-body effects," "dopant
statistics," and similar.

Or anything Neil deGrasse Tyson says about anything. ;)

Cheers

Phil Hobbs

--
Dr Philip C D Hobbs
Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics
Optics, Electro-optics, Photonics, Analog Electronics
Briarcliff Manor NY 10510

http://electrooptical.net
http://hobbs-eo.com

On 6/1/2022 3:27 PM, Martin Brown wrote:
> On 01/06/2022 19:38, John Larkin wrote:
>> On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
>> <pcdhSpamMeSenseless@electrooptical.net> wrote:
>>
>>> jlarkin@highlandsniptechnology.com wrote:
>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>> wrote:
>>>>
>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>
>>>>>
>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>> are always wrong. "Dismal science" indeed.
>>>>>
>>>>> Of course, they can always find something else to blame for their
>>>>> idiotic rail-slamming policy recommendations.
>>>>
>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>
>>>>
>>>> As usual, too much too late.
>>>>
>>> My father had a standard line about that--he said he wanted to hire a
>>> one-armed economist, because he was sick of being told "on one hand,
>>> this, on the other hand, that."
>
> That is a problem with all theoreticians. Many possible explanations
> of any graph but only one of them is right and sometimes none of them
> are.
>
>> Macroeconomics is not much different from astrology or witchcraft.
>
> That is unkind to them even though I do view them as without doubt the
> most dismal science. In no other intellectual endeavour do researchers
> prostitute themselves for Mammon except for "Economics" Nobel
> laureates. Long Term Capital Management being the canonical example.
>
> https://en.wikipedia.org/wiki/Long-Term_Capital_Management
>
> Problem is that like with quantum mechanics all economics experiments
> and bankers utterances can seriously affect the systems that they are
> trying to measure, control and model. I once had a chance to play with
> the UK economic modelling program and it does get the basics right.
>
> Problem is the real world doesn't ever behave like the model. A few
> select insiders get advanced warning from friends and so the system is
> not fair in the sense that all players have equal access to information.
>
> It is best summed up by what the CEO of Lloyds of London said about
> the unlucky naive names made bankrupt by being lumbered with asbestos
> syndicate losses "If God had not intended them to be shorn Hr would
> not have made them sheep". Far enough back to have a historical
> perspective.
>
> https://www.theguardian.com/money/2000/nov/04/business.personalfinancenews1
>
>
> What it can do nothing about is black swan events like the idiocy of
> Brexit or external factors like the Russian invasion of Ukraine and
> the resulting huge and rapid increase in energy prices.
>
> Markets consist of mostly stupid greedy individuals doing what they
> think will make them the most money and bonuses in the short term. It
> is no surprise that they are unstable. Invention of new ways to con
> people with paper based frauds that earn big for early investors
> whilst robbing the latecomers are legend and have been ever since
> ancient times.
>
> Bank of England issues stern warnings about this sort of thing roughly
> every 50 years or so. Tulip mania, South Sea bubble and railways were
> earlier ones. The dotcom boom and crypto currencies are still too
> fresh to get a perspective on right now. Crypto is still very much in
> play.
>
> One thing is certain - the insiders seldom lose any money and stand to
> make a great deal by tricking gullible fools into parting with theirs.

Did anyone take this guy serious in 2008? He was very clear about his
position on the Fed.
> https://www.youtube.com/watch?v=SWksEJQEYVU&t=1s
A  followup 10 years later.
> https://www.youtube.com/watch?v=QGwgKqTKMFQ
Today's question; I'm down 8 years of retirement income, do I sell now
and avoid  8 more years of income loss, or sell now and
miss  the gain of 8 years income? It sucks, but I went through it in
2000 and 2008, 2009 to 2020 was a lot of fun, now, not so much :-)
                                                Mikek

--
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus

On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
wrote:

>On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
><jlarkin@highland_atwork_technology.com> wrote:
>
>>On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>wrote:
>>
>>>On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>wrote:
>>>
>>>>On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>wrote:
>>>>
>>>>>https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>
>>>>>Macroeconomists are usually wrong. The ones with political influence
>>>>>are always wrong. "Dismal science" indeed.
>>>>>
>>>>>Of course, they can always find something else to blame for their
>>>>>idiotic rail-slamming policy recommendations.
>>>>
>>>>https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>
>>>>As usual, too much too late.
>>>
>>>The issue here is who is saying it, not when they arrived at the
>>>party. His influence on Wall Street is immense.
>>>
>>>.<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>
>>>Joe Gwinn
>>
>>Not as immense as artificially forced zero interest rates and massive
>>spending.
>
>Yes, but that is not yet within his power.
>
>But he would make a fine Secretary of the Treasury.
>
>
>>At zero interest, everybody dumps savings and buys stocks. And
>>government can borrow and spend without limit. At zero interest, you
>>don't have to pay back loans.
>
>Yep. Inflation also causes people to covert savings into tangible
>things of intrinsic value.

About half the US population has no savings, no net wealth. If they
notice inflation, they can buy more stuff (or vacations) on their
credit cards.

It's said that 2% of the population has more wealth than the bottom
50% combined. Heck, I have more wealth than the bottom 50%.

>
>
>>Fun, while the party lasts.
>
>The midterm elections this coming November will be very interesting.
>
>Joe Gwinn

--

Anybody can count to one.

- Robert Widlar

On 06/01/2022 12:38 PM, John Larkin wrote:
> On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
> <pcdhSpamMeSenseless@electrooptical.net> wrote:
>
>> jlarkin@highlandsniptechnology.com wrote:
>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>> wrote:
>>>
>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>
>>>> Macroeconomists are usually wrong. The ones with political influence
>>>> are always wrong. "Dismal science" indeed.
>>>>
>>>> Of course, they can always find something else to blame for their
>>>> idiotic rail-slamming policy recommendations.
>>>
>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>
>>> As usual, too much too late.
>>>
>>>
>>>
>> My father had a standard line about that--he said he wanted to hire a
>> one-armed economist, because he was sick of being told "on one hand,
>> this, on the other hand, that."
>>
>> Cheers
>>
>> Phil Hobbs
>
> Macroeconomics is not much different from astrology or witchcraft.
>

Voodoo economics?

On 06/01/2022 03:30 PM, Phil Hobbs wrote:
> Martin Brown wrote:
>> On 01/06/2022 19:38, John Larkin wrote:
>>> On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
>>> <pcdhSpamMeSenseless@electrooptical.net> wrote:
>>>
>>>> jlarkin@highlandsniptechnology.com wrote:
>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>> wrote:
>>>>>
>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>
>>>>>>
>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>
>>>>>> Of course, they can always find something else to blame for their
>>>>>> idiotic rail-slamming policy recommendations.
>>>>>
>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>
>>>>>
>>>>> As usual, too much too late.
>>>>>
>>>> My father had a standard line about that--he said he wanted to hire a
>>>> one-armed economist, because he was sick of being told "on one hand,
>>>> this, on the other hand, that."
>>
>> That is a problem with all theoreticians. Many possible explanations
>> of any graph but only one of them is right and sometimes none of them
>> are.
>>
>
> There are a whole lot of folks who seem to have learned everything they
> know from the Friday evening stock market reports.
>
> "Program trading," "weakness in Asia," "weak Treasury auction," "short
> squeeze in tech,", you know the deal.
>
> In solid state, it's
>
> "Surface states," "deep-level traps," "many-body effects," "dopant
> statistics," and similar.
>
> Or anything Neil deGrasse Tyson says about anything. ;)
>
> Cheers
>
> Phil Hobbs
>

If anybody says 'the fundamentals are sound' I'm going to head for the
woods with a lot of beans, bacon, and bullets.

I worked summers for the NYS Education Dept. when I was in school and
the basement was filled with pallets of newspapers. Given the time I
assume the plan was to transfer them to microfiche. Anyway I found it
very educational to read the reports from the summer of 1929.

On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
> On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
> wrote:
>
>> On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
>> <jlarkin@highland_atwork_technology.com> wrote:
>>
>>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>> wrote:
>>>
>>>> On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>> wrote:
>>>>
>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>> wrote:
>>>>>
>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>
>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>
>>>>>> Of course, they can always find something else to blame for their
>>>>>> idiotic rail-slamming policy recommendations.
>>>>>
>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>
>>>>> As usual, too much too late.
>>>>
>>>> The issue here is who is saying it, not when they arrived at the
>>>> party. His influence on Wall Street is immense.
>>>>
>>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>>
>>>> Joe Gwinn
>>>
>>> Not as immense as artificially forced zero interest rates and massive
>>> spending.
>>
>> Yes, but that is not yet within his power.
>>
>> But he would make a fine Secretary of the Treasury.
>>
>>
>>> At zero interest, everybody dumps savings and buys stocks. And
>>> government can borrow and spend without limit. At zero interest, you
>>> don't have to pay back loans.
>>
>> Yep. Inflation also causes people to covert savings into tangible
>> things of intrinsic value.
>
> About half the US population has no savings, no net wealth. If they
> notice inflation, they can buy more stuff (or vacations) on their
> credit cards.
>
> It's said that 2% of the population has more wealth than the bottom
> 50% combined. Heck, I have more wealth than the bottom 50%.

If Mr. Larkin is wealthier than 150 million Americans combined in the
"greatest country in the world" I'd sure hate to see the second-greatest.

On Wed, 1 Jun 2022 20:43:46 -0600, rbowman <bowman@montana.com> wrote:

>On 06/01/2022 12:38 PM, John Larkin wrote:
>> On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
>> <pcdhSpamMeSenseless@electrooptical.net> wrote:
>>
>>> jlarkin@highlandsniptechnology.com wrote:
>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>> wrote:
>>>>
>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>
>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>> are always wrong. "Dismal science" indeed.
>>>>>
>>>>> Of course, they can always find something else to blame for their
>>>>> idiotic rail-slamming policy recommendations.
>>>>
>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>
>>>> As usual, too much too late.
>>>>
>>>>
>>>>
>>> My father had a standard line about that--he said he wanted to hire a
>>> one-armed economist, because he was sick of being told "on one hand,
>>> this, on the other hand, that."
>>>
>>> Cheers
>>>
>>> Phil Hobbs
>>
>> Macroeconomics is not much different from astrology or witchcraft.
>>
>
>Voodoo economics?

Right. Economics 101 works. Basic conservation concepts work.
Nobel-level macroeconomics doesn't. Economics is yet another study
where expertise reduces competence.

--

Anybody can count to one.

- Robert Widlar

On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:

>On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
>> On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
>> wrote:
>>
>>> On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
>>> <jlarkin@highland_atwork_technology.com> wrote:
>>>
>>>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>> wrote:
>>>>
>>>>> On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>>> wrote:
>>>>>
>>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>>> wrote:
>>>>>>
>>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>>
>>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>>
>>>>>>> Of course, they can always find something else to blame for their
>>>>>>> idiotic rail-slamming policy recommendations.
>>>>>>
>>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>>
>>>>>> As usual, too much too late.
>>>>>
>>>>> The issue here is who is saying it, not when they arrived at the
>>>>> party. His influence on Wall Street is immense.
>>>>>
>>>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>>>
>>>>> Joe Gwinn
>>>>
>>>> Not as immense as artificially forced zero interest rates and massive
>>>> spending.
>>>
>>> Yes, but that is not yet within his power.
>>>
>>> But he would make a fine Secretary of the Treasury.
>>>
>>>
>>>> At zero interest, everybody dumps savings and buys stocks. And
>>>> government can borrow and spend without limit. At zero interest, you
>>>> don't have to pay back loans.
>>>
>>> Yep. Inflation also causes people to covert savings into tangible
>>> things of intrinsic value.
>>
>> About half the US population has no savings, no net wealth. If they
>> notice inflation, they can buy more stuff (or vacations) on their
>> credit cards.
>>
>> It's said that 2% of the population has more wealth than the bottom
>> 50% combined. Heck, I have more wealth than the bottom 50%.
>
>If Mr. Larkin is wealthier than 150 million Americans combined in the
>"greatest country in the world" I'd sure hate to see the second-greatest.

The people with zero or negative net worth aren't starving or stuffed
into labor camps. They mostly have apartments, cars, and too much
food. They get medical care, often free, and will get Social Security
and Medicaire when they get old. They just don't care to manage their
finances, in a country where that isn't lethal.

Move to Venezuela or Somalia or Haiti if you hate the USA, which you
certainly do. Cuba is nice too, a socialist workers' paradise.

--

Anybody can count to one.

- Robert Widlar

On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
> On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:
>
>> On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
>>> On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
>>> wrote:
>>>
>>>> On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
>>>> <jlarkin@highland_atwork_technology.com> wrote:
>>>>
>>>>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>>> wrote:
>>>>>
>>>>>> On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>>>> wrote:
>>>>>>
>>>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>>>> wrote:
>>>>>>>
>>>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>>>
>>>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>>>
>>>>>>>> Of course, they can always find something else to blame for their
>>>>>>>> idiotic rail-slamming policy recommendations.
>>>>>>>
>>>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>>>
>>>>>>> As usual, too much too late.
>>>>>>
>>>>>> The issue here is who is saying it, not when they arrived at the
>>>>>> party. His influence on Wall Street is immense.
>>>>>>
>>>>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>>>>
>>>>>> Joe Gwinn
>>>>>
>>>>> Not as immense as artificially forced zero interest rates and massive
>>>>> spending.
>>>>
>>>> Yes, but that is not yet within his power.
>>>>
>>>> But he would make a fine Secretary of the Treasury.
>>>>
>>>>
>>>>> At zero interest, everybody dumps savings and buys stocks. And
>>>>> government can borrow and spend without limit. At zero interest, you
>>>>> don't have to pay back loans.
>>>>
>>>> Yep. Inflation also causes people to covert savings into tangible
>>>> things of intrinsic value.
>>>
>>> About half the US population has no savings, no net wealth. If they
>>> notice inflation, they can buy more stuff (or vacations) on their
>>> credit cards.
>>>
>>> It's said that 2% of the population has more wealth than the bottom
>>> 50% combined. Heck, I have more wealth than the bottom 50%.
>>
>> If Mr. Larkin is wealthier than 150 million Americans combined in the
>> "greatest country in the world" I'd sure hate to see the second-greatest.
>
> The people with zero or negative net worth aren't starving or stuffed
> into labor camps. They mostly have apartments, cars, and too much
> food. They get medical care, often free, and will get Social Security
> and Medicaire when they get old. They just don't care to manage their
> finances, in a country where that isn't lethal.

By "often free" I think you mean "Almost never free" and by "Will get
Social Security and Medicare" I think you mean "Not if the right has
anything to say about it" and by "too much food" you mean "Food budget
is crippling especially in times of high inflation and is one of the
things that prevents building net worth" and by "in a country where that
isn't lethal" you mean "a million people just died of Covid-19 and the
majority of them were poor"

> Move to Venezuela or Somalia or Haiti if you hate the USA, which you
> certainly do.

I think the expression is "damning with faint praise"

> Cuba is nice too, a socialist workers' paradise.

The 60+ year embargo against Cuba is definitely one of the more
perplexing US foreign policy decisions of all time. The opportunity cost
for both countries of doing it has been huge and in that time it
accomplished close to nothing other than make a small number of Cuban
expats and their descendants in South Florida happy.

On 6/1/2022 4:27 PM, Martin Brown wrote:

> That is a problem with all theoreticians. Many possible explanations of
> any graph but only one of them is right and sometimes none of them are.
>
>> Macroeconomics is not much different from astrology or witchcraft.
>
> That is unkind to them even though I do view them as without doubt the
> most dismal science. In no other intellectual endeavour do researchers
> prostitute themselves for Mammon except for "Economics" Nobel laureates.
> Long Term Capital Management being the canonical example.
>
> https://en.wikipedia.org/wiki/Long-Term_Capital_Management
>
> Problem is that like with quantum mechanics all economics experiments
> and bankers utterances can seriously affect the systems that they are
> trying to measure, control and model. I once had a chance to play with
> the UK economic modelling program and it does get the basics right.
>
> Problem is the real world doesn't ever behave like the model. A few
> select insiders get advanced warning from friends and so the system is
> not fair in the sense that all players have equal access to information.

The one PhD macroeconomist I know publishes extremely math-heavy papers
about e.g. the effects of international border realignments on trade
deficits, historical analysis and optimization of textile manufacturing
raw materials import in India, etc.

I expect the average engineer here could understand maybe 10% of what's
in any particular paper.

Anyway, he's a university academic and makes a university academic's
salary which in the area of the US he lives in may not even be in the
six figures.

Like a PhD electrical engineer who works in academia he'd probably be
thrilled if anyone leveraged his work to make more in their
business/industry and there's probably legitimate optimization potential
for certain industries buried in them, but it's rare this happens.

On Thu, 2 Jun 2022 10:10:43 -0400, bitrex <user@example.net> wrote:

>On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
>> On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:
>>
>>> On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
>>>> On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>> wrote:
>>>>
>>>>> On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
>>>>> <jlarkin@highland_atwork_technology.com> wrote:
>>>>>
>>>>>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>>>> wrote:
>>>>>>
>>>>>>> On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>>>>> wrote:
>>>>>>>
>>>>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>>>>
>>>>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>>>>
>>>>>>>>> Of course, they can always find something else to blame for their
>>>>>>>>> idiotic rail-slamming policy recommendations.
>>>>>>>>
>>>>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>>>>
>>>>>>>> As usual, too much too late.
>>>>>>>
>>>>>>> The issue here is who is saying it, not when they arrived at the
>>>>>>> party. His influence on Wall Street is immense.
>>>>>>>
>>>>>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>>>>>
>>>>>>> Joe Gwinn
>>>>>>
>>>>>> Not as immense as artificially forced zero interest rates and massive
>>>>>> spending.
>>>>>
>>>>> Yes, but that is not yet within his power.
>>>>>
>>>>> But he would make a fine Secretary of the Treasury.
>>>>>
>>>>>
>>>>>> At zero interest, everybody dumps savings and buys stocks. And
>>>>>> government can borrow and spend without limit. At zero interest, you
>>>>>> don't have to pay back loans.
>>>>>
>>>>> Yep. Inflation also causes people to covert savings into tangible
>>>>> things of intrinsic value.
>>>>
>>>> About half the US population has no savings, no net wealth. If they
>>>> notice inflation, they can buy more stuff (or vacations) on their
>>>> credit cards.
>>>>
>>>> It's said that 2% of the population has more wealth than the bottom
>>>> 50% combined. Heck, I have more wealth than the bottom 50%.
>>>
>>> If Mr. Larkin is wealthier than 150 million Americans combined in the
>>> "greatest country in the world" I'd sure hate to see the second-greatest.
>>
>> The people with zero or negative net worth aren't starving or stuffed
>> into labor camps. They mostly have apartments, cars, and too much
>> food. They get medical care, often free, and will get Social Security
>> and Medicaire when they get old. They just don't care to manage their
>> finances, in a country where that isn't lethal.
>
>By "often free" I think you mean "Almost never free" and by "Will get
>Social Security and Medicare" I think you mean "Not if the right has
>anything to say about it" and by "too much food" you mean "Food budget
>is crippling especially in times of high inflation and is one of the
>things that prevents building net worth" and by "in a country where that
>isn't lethal" you mean "a million people just died of Covid-19 and the
>majority of them were poor"

Wow, you really hate the USA. Read this:

https://tinyurl.com/ym5t8ryx

One strange side effect of the best civilization in history is a lot
of self-loathing. Enjoy.

>
>
>> Move to Venezuela or Somalia or Haiti if you hate the USA, which you
>> certainly do.
>
>I think the expression is "damning with faint praise"
>
>> Cuba is nice too, a socialist workers' paradise.
>
>The 60+ year embargo against Cuba is definitely one of the more
>perplexing US foreign policy decisions of all time. The opportunity cost
>for both countries of doing it has been huge and in that time it
>accomplished close to nothing other than make a small number of Cuban
>expats and their descendants in South Florida happy.

Cuba can trade with europe, Mexico, Canada, China, Venezuela, Africa,
all the world. They can't blame the USA for their many messes, except
that they lose their best brains to people trying to get here on
rafts.

It's telling they we welcome millions of undocumented people at our
southern border, but we catch Cubans in leaky boats off our shores and
return them to Cuba to be punished. Guess why.

--

Anybody can count to one.

- Robert Widlar

On 6/2/2022 10:42 AM, jlarkin@highlandsniptechnology.com wrote:
> On Thu, 2 Jun 2022 10:10:43 -0400, bitrex <user@example.net> wrote:
>
>> On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
>>> On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:
>>>
>>>> On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
>>>>> On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>>> wrote:
>>>>>
>>>>>> On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
>>>>>> <jlarkin@highland_atwork_technology.com> wrote:
>>>>>>
>>>>>>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>>>>>
>>>>>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>>>>>
>>>>>>>>>> Of course, they can always find something else to blame for their
>>>>>>>>>> idiotic rail-slamming policy recommendations.
>>>>>>>>>
>>>>>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>>>>>
>>>>>>>>> As usual, too much too late.
>>>>>>>>
>>>>>>>> The issue here is who is saying it, not when they arrived at the
>>>>>>>> party. His influence on Wall Street is immense.
>>>>>>>>
>>>>>>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>>>>>>
>>>>>>>> Joe Gwinn
>>>>>>>
>>>>>>> Not as immense as artificially forced zero interest rates and massive
>>>>>>> spending.
>>>>>>
>>>>>> Yes, but that is not yet within his power.
>>>>>>
>>>>>> But he would make a fine Secretary of the Treasury.
>>>>>>
>>>>>>
>>>>>>> At zero interest, everybody dumps savings and buys stocks. And
>>>>>>> government can borrow and spend without limit. At zero interest, you
>>>>>>> don't have to pay back loans.
>>>>>>
>>>>>> Yep. Inflation also causes people to covert savings into tangible
>>>>>> things of intrinsic value.
>>>>>
>>>>> About half the US population has no savings, no net wealth. If they
>>>>> notice inflation, they can buy more stuff (or vacations) on their
>>>>> credit cards.
>>>>>
>>>>> It's said that 2% of the population has more wealth than the bottom
>>>>> 50% combined. Heck, I have more wealth than the bottom 50%.
>>>>
>>>> If Mr. Larkin is wealthier than 150 million Americans combined in the
>>>> "greatest country in the world" I'd sure hate to see the second-greatest.
>>>
>>> The people with zero or negative net worth aren't starving or stuffed
>>> into labor camps. They mostly have apartments, cars, and too much
>>> food. They get medical care, often free, and will get Social Security
>>> and Medicaire when they get old. They just don't care to manage their
>>> finances, in a country where that isn't lethal.
>>
>> By "often free" I think you mean "Almost never free" and by "Will get
>> Social Security and Medicare" I think you mean "Not if the right has
>> anything to say about it" and by "too much food" you mean "Food budget
>> is crippling especially in times of high inflation and is one of the
>> things that prevents building net worth" and by "in a country where that
>> isn't lethal" you mean "a million people just died of Covid-19 and the
>> majority of them were poor"
>
> Wow, you really hate the USA. Read this:
>
> https://tinyurl.com/ym5t8ryx
>
> One strange side effect of the best civilization in history is a lot
> of self-loathing. Enjoy.

First he tells me how good everyone has it, now he tells me we're in a
war. Ok. I think if the "War on the West" didn't exist, someone would
have to invent it.

I don't tend to read many books by fascists on what "war" they think
we're in though, they tend to be Johnny One-Notes and these particular
new young hacks like Douglas Murray are a particularly execrable bunch,
I guarantee he's not saying much of anything that Pat Buchanan wasn't
writing 30 years ago, but now in a less intelligible and far more
histrionic format.

He seems to be a homosexual fascist too which is a peculiar type but
there's historical precedent for that, homosexuality & fascism have had
an uncomfortable relationship for a long time, Ernst Rohm was a
well-known example:

<https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>

>>
>>> Move to Venezuela or Somalia or Haiti if you hate the USA, which you
>>> certainly do.
>>
>> I think the expression is "damning with faint praise"
>>
>>> Cuba is nice too, a socialist workers' paradise.
>>
>> The 60+ year embargo against Cuba is definitely one of the more
>> perplexing US foreign policy decisions of all time. The opportunity cost
>> for both countries of doing it has been huge and in that time it
>> accomplished close to nothing other than make a small number of Cuban
>> expats and their descendants in South Florida happy.
>
> Cuba can trade with europe, Mexico, Canada, China, Venezuela, Africa,
> all the world. They can't blame the USA for their many messes, except
> that they lose their best brains to people trying to get here on
> rafts.
>
> It's telling they we welcome millions of undocumented people at our
> southern border, but we catch Cubans in leaky boats off our shores and
> return them to Cuba to be punished. Guess why.

Yes yes, millions and millions of undocumented invading our country all
the time. More and more every year I expect. Very surprising they
haven't been successful at it by now =if the histrionic figures
right-wingers get in their heads are true.

For a long time Americans of European descent have had a fear of being
"replaced" by someone or other, it's as old as the 3/5ths clause of the
Constitution. The fear is literally written into the founding document
of the nation.

On 6/2/2022 1:27 PM, Anthony William Sloman wrote:
> On Thursday, June 2, 2022 at 4:36:48 AM UTC+10, John Larkin wrote:
>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joeg...@comcast.net> wrote:
>>> On Wed, 01 Jun 2022 09:36:28 -0700, jla...@highlandsniptechnology.com wrote:
>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jla...@highlandsniptechnology.com wrote:
>>>>>
>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>
>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>> are always wrong. "Dismal science" indeed.
>
> John Larkin knows very little about economics, so he has no idea how little he knows,
>
>>>>> Of course, they can always find something else to blame for their idiotic rail-slamming policy recommendations.
>
> Or recommendations that look "rail slamming" to John Larkin.
>
>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>
>>>> As usual, too much too late.
>>>
>>> The issue here is who is saying it, not when they arrived at the
>>> party. His influence on Wall Street is immense.
>>>
>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>
>> Not as immense as artificially forced zero interest rates and massive
>> spending.
>>
>> At zero interest, everybody dumps savings and buys stocks. And
>> government can borrow and spend without limit. At zero interest, you
>> don't have to pay back loans.
>>
>> Fun, while the party lasts.
>
> Except that you don't do it when people are in a party mood, and you wind it back rapidly when the economy starts looking if it going to return to normal.
>
> The anti-Keynesians can't be bothered to understand what actually happens, and ignore the information that the Keynesians are relying on to monitor the effects of their interventions. It's extraordinarily stupid.
>

America spends more on defense than anyone else but meanwhile the guy
tells me there's a "War on the West" and we're fucking losing it? ???
Wow. Money well-spent.

On 6/2/2022 10:42 AM, jlarkin@highlandsniptechnology.com wrote:

>> By "often free" I think you mean "Almost never free" and by "Will get
>> Social Security and Medicare" I think you mean "Not if the right has
>> anything to say about it" and by "too much food" you mean "Food budget
>> is crippling especially in times of high inflation and is one of the
>> things that prevents building net worth" and by "in a country where that
>> isn't lethal" you mean "a million people just died of Covid-19 and the
>> majority of them were poor"
>
> Wow, you really hate the USA. Read this:
>
> https://tinyurl.com/ym5t8ryx
>
> One strange side effect of the best civilization in history is a lot
> of self-loathing. Enjoy.

"China has concentration camps now. Why do Westerners claim our sins are
unique?

It is now in vogue to celebrate non-Western cultures and disparage
Western ones. Some of this is a much-needed reckoning, but much of it
fatally undermines the very things that created the greatest, most
humane civilization in the world."

One doesn't have to celebrate them, but simply being non-moronic about
them might be a start. What passes for right-wing "leadership" in
America these days rarely passes this very low bar.

Anyway, here's Taylor Greene ranting about God knows what. If Trump
can't make it she'd make a great presidential candidate.

<https://www.vice.com/en/article/5dgne3/marjorie-taylor-greene-says-bill-gates-will-force-you-to-eat-burgers-made-in-a-peach-tree-dish>

On Thu, 2 Jun 2022 16:03:23 -0400, bitrex <user@example.net> wrote:

>On 6/2/2022 10:42 AM, jlarkin@highlandsniptechnology.com wrote:
>> On Thu, 2 Jun 2022 10:10:43 -0400, bitrex <user@example.net> wrote:
>>
>>> On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
>>>> On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:
>>>>
>>>>> On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
>>>>>> On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>>>> wrote:
>>>>>>
>>>>>>> On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
>>>>>>> <jlarkin@highland_atwork_technology.com> wrote:
>>>>>>>
>>>>>>>> On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
>>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>>>> On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
>>>>>>>>>> wrote:
>>>>>>>>>>
>>>>>>>>>>> https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/
>>>>>>>>>>>
>>>>>>>>>>> Macroeconomists are usually wrong. The ones with political influence
>>>>>>>>>>> are always wrong. "Dismal science" indeed.
>>>>>>>>>>>
>>>>>>>>>>> Of course, they can always find something else to blame for their
>>>>>>>>>>> idiotic rail-slamming policy recommendations.
>>>>>>>>>>
>>>>>>>>>> https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/
>>>>>>>>>>
>>>>>>>>>> As usual, too much too late.
>>>>>>>>>
>>>>>>>>> The issue here is who is saying it, not when they arrived at the
>>>>>>>>> party. His influence on Wall Street is immense.
>>>>>>>>>
>>>>>>>>> .<https://en.wikipedia.org/wiki/Jamie_Dimon>
>>>>>>>>>
>>>>>>>>> Joe Gwinn
>>>>>>>>
>>>>>>>> Not as immense as artificially forced zero interest rates and massive
>>>>>>>> spending.
>>>>>>>
>>>>>>> Yes, but that is not yet within his power.
>>>>>>>
>>>>>>> But he would make a fine Secretary of the Treasury.
>>>>>>>
>>>>>>>
>>>>>>>> At zero interest, everybody dumps savings and buys stocks. And
>>>>>>>> government can borrow and spend without limit. At zero interest, you
>>>>>>>> don't have to pay back loans.
>>>>>>>
>>>>>>> Yep. Inflation also causes people to covert savings into tangible
>>>>>>> things of intrinsic value.
>>>>>>
>>>>>> About half the US population has no savings, no net wealth. If they
>>>>>> notice inflation, they can buy more stuff (or vacations) on their
>>>>>> credit cards.
>>>>>>
>>>>>> It's said that 2% of the population has more wealth than the bottom
>>>>>> 50% combined. Heck, I have more wealth than the bottom 50%.
>>>>>
>>>>> If Mr. Larkin is wealthier than 150 million Americans combined in the
>>>>> "greatest country in the world" I'd sure hate to see the second-greatest.
>>>>
>>>> The people with zero or negative net worth aren't starving or stuffed
>>>> into labor camps. They mostly have apartments, cars, and too much
>>>> food. They get medical care, often free, and will get Social Security
>>>> and Medicaire when they get old. They just don't care to manage their
>>>> finances, in a country where that isn't lethal.
>>>
>>> By "often free" I think you mean "Almost never free" and by "Will get
>>> Social Security and Medicare" I think you mean "Not if the right has
>>> anything to say about it" and by "too much food" you mean "Food budget
>>> is crippling especially in times of high inflation and is one of the
>>> things that prevents building net worth" and by "in a country where that
>>> isn't lethal" you mean "a million people just died of Covid-19 and the
>>> majority of them were poor"
>>
>> Wow, you really hate the USA. Read this:
>>
>> https://tinyurl.com/ym5t8ryx
>>
>> One strange side effect of the best civilization in history is a lot
>> of self-loathing. Enjoy.
>
>First he tells me how good everyone has it, now he tells me we're in a
>war. Ok. I think if the "War on the West" didn't exist, someone would
>have to invent it.
>
>I don't tend to read many books by fascists on what "war" they think
>we're in though, they tend to be Johnny One-Notes and these particular
>new young hacks like Douglas Murray are a particularly execrable bunch,
>I guarantee he's not saying much of anything that Pat Buchanan wasn't
>writing 30 years ago, but now in a less intelligible and far more
>histrionic format.
>
>He seems to be a homosexual fascist too which is a peculiar type but
>there's historical precedent for that, homosexuality & fascism have had
>an uncomfortable relationship for a long time, Ernst Rohm was a
>well-known example:
>
><https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>
>
>
>>>
>>>> Move to Venezuela or Somalia or Haiti if you hate the USA, which you
>>>> certainly do.
>>>
>>> I think the expression is "damning with faint praise"
>>>
>>>> Cuba is nice too, a socialist workers' paradise.
>>>
>>> The 60+ year embargo against Cuba is definitely one of the more
>>> perplexing US foreign policy decisions of all time. The opportunity cost
>>> for both countries of doing it has been huge and in that time it
>>> accomplished close to nothing other than make a small number of Cuban
>>> expats and their descendants in South Florida happy.
>>
>> Cuba can trade with europe, Mexico, Canada, China, Venezuela, Africa,
>> all the world. They can't blame the USA for their many messes, except
>> that they lose their best brains to people trying to get here on
>> rafts.
>>
>> It's telling they we welcome millions of undocumented people at our
>> southern border, but we catch Cubans in leaky boats off our shores and
>> return them to Cuba to be punished. Guess why.
>
>Yes yes, millions and millions of undocumented invading our country all
>the time. More and more every year I expect. Very surprising they
>haven't been successful at it by now =if the histrionic figures
>right-wingers get in their heads are true.
>

You didn't guess why.

--

If a man will begin with certainties, he shall end with doubts,
but if he will be content to begin with doubts he shall end in certainties.
Francis Bacon

On 06/02/2022 02:03 PM, bitrex wrote:
> He seems to be a homosexual fascist too which is a peculiar type but
> there's historical precedent for that, homosexuality & fascism have had
> an uncomfortable relationship for a long time, Ernst Rohm was a
> well-known example:
>
> <https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>

The Third Reich knew when to cut their losses.