Negative Econ Vibes

The initial second quarter GDP estimate dropped. For economic news consumers, the back to back negative quarters signaled a recession has begun. Just prior to its release, the White House began a quick top-down campaign to redefine a word (recession) to help their messaging. Media figures took their cue from the White House and quickly…

Our Post-Scarcity World

We are living in collective trauma. Conventional wisdom tells that the world is finite, that all resources, including the money supply, is scarce. Malthus is among the brightest articulator of this wisdom, with Darwin applying Malthusian theory to biology and both libertarians and Marxists making economic and sociological applications. Climate change and overpopulation are two…

Winners, Losers and Links

Winners Nancy Pelosi – She saw some stock gains for her winning portfolio and landed in Taiwan. The 401K-war party crowd is excited! Drivers – $10 gas is averted this summer. MAGA candidates – Winning versus the old GOP Inc crew. Losers China – All of the heated statements and no action this week. Fall…

Pinocchio: How Jordan Peterson Turns Boys into Emotional Puppets

The first gatekeeper I would like to cover is Jordan Peterson. He is not the first and will not be the last, but for conservatives he is both the latest and possibly the most damaging to our gathering of ideas presently.    What is a Gatekeeper? Lifetime actors, or controlled opposition, are other terms we…

BAP on the Abuse of War

Submitted by BAP Ye say it is the good cause which halloweth even war? I say unto you: it is the good war which halloweth every cause. War and courage have done more great things than charity. Not your sympathy, but your bravery hath hitherto saved the victims. “What is good?” ye ask. To be…

Winners, Losers and Links

Winners Newsom Futures – Knives out for Biden. Kamala is a non-entity. Who else is capable or telegenic? Repo Men – More work coming their way as consumers struggle & recession officially arrives. Pre-covid Homebuyers – You’re locked in. Moving is unlikely, but you got a sweetheart mortgage rate and bought before the price explosion….

The Recession Is Coming

The Fed stated repeatedly in interviews that they were going to do everything to rein in inflation. This put a recession on the table. The Goldilocks soft landing or muddle through option is the dream, but it is hard to look at data and see it as an emerging reality. Whether Thursday’s GDP report confirms…

Winners, Losers and Links

Winners Gay Republican Staffers – They get their bosses approval finally as the GOP looks to roll over on codifying gay marriage. MIC – Congress added even more money to what the Biden admin asked to fund the Department of Defense. AOC – Complaining about a guy pointing out her cute booty as if she…

Downhill From Apex

We tend to think the ruling class doesn’t understand how the world works. We always put the same people who cause messes back in place to undo the mess they created. The monetary orchestra and its conductors who run Blackrock, Vanguard and States Street have a combined 20 trillion in assets and, by 2030, will…

When Reality Is Horror

The lament on the right is that we do not control institutions and do not create cultural products. Where are the right wing artists? People complain about it. Few do anything about it. The Passage Prize crew had a competition and released their collection for $400. We’re talking about cultural products that are accessible and…