Part 1; Cantor’s Defeat and What It Does Not Mean When House Majority leader Eric Cantor lost his seat to ultra-conservative David Brat, the Washington Post’s Ruth Marcus summed up the majority view among political pundits: “The episode offers a disturbing commentary about the poisonous, polarized state of American politics.” I cannot agree. I don’t […]
From Naked Capitalism: Catch Us on Harry Shearer’s Le Show Today Posted on June 29, 2014 by Yves Smith Harry Shearer and I about private equity and the Wikileaks TISA bombshell starting at 1 PM on Sunday. Stations which stream Le Show all day Sunday are listed at publicradiofan.com. Hope you can tune in!
In an email this morning, Bill H asked me whether I know much about a case called Harris v. Quinn, in which the Supreme Court will announce the likely 5-4 majority’s ruling tomorrow. I responded: I know LOADS about it, Bill, and wrote about it–and about a bizarre comment by Alito during the argument on the […]
The Absurd Dr. “Chaps” Gordon Klingenschmitt is the Republican nominee for State Rep in Colorado Springs HD15. What qualifies him as a candidate in the Colorado State House? “‘Chaps’ as they call him, has a long history as a disgraced former Navy Chaplain who brags about having successfully performed an exorcism on a lesbian soldier […]
I finally did a bit of empirical work related to Consumption/Wealth as a leading indicator (see older post). I am reflecting on “consumers – in aggregate – have genuine foresight; this is why consumption-wealth ratios help predict equity returns.” I think I won’t restate exactly whom I am quoting. My thoughts were that the variable […]
I’m delighted to find that someone with the necessary statistical chops has answered a question I’ve been asking for a while: Have any of the 130+ evolution scientists who’ve savaged Wilson and Nowak’s Eusociality paper (and Wilson’s Social Conquest of Earth) gone deep into the maths of their model (laid out in their technical appendix)? I check […]
In a post by Shobhana Chandra and Jeanna Smialek at Bloomberg called Yellen Spending Mix lacks Ingredient of Higher Pay, there is a quote… “It doesn’t “add up,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research in New York. “Consumer confidence is at a cycle high, and consumption is declining. You also […]