Wednesday, June 21, 2017

BERWICK WAS RIGHT ALL ALONG


OMG BERWICK WAS RIGHT ALL ALONG!

THE NEO-NAZI FASCIST THOUGHT-CONTROL ELITE HAVE BEEN PLANNING TO ENSLAVE ALL OF YOU THRU BIG DATA!

NOW THE PROOF OF THEIR PLANS IS EXPOSED... BUT FOR HOW LONG?

READ THIS ARTICLE WHILE YOU STILL CAN!


BBC News - personal political details of 200 million Americans in giant database! Quote:

Sensitive personal details relating to almost 200 million US citizens have been accidentally exposed by a marketing firm contracted by the Republican National Committee.

The 1.1 terabytes of data includes birthdates, home addresses, telephone numbers and political views of nearly 62% of the entire US population.

Including political views! Two hundred million Americans have had their political views catalogued by the evil Republican thought police!

The information seems to have been collected from a wide range of sources - from posts on controversial banned threads on the social network Reddit, to committees that raised funds for the Republican Party.

The information was stored in spreadsheets uploaded to a server owned by Deep Root Analytics. It had last been updated in January when President Donald Trump was inaugurated and had been online for an unknown period of time.

Donald Trump himself has been secretly collecting information on you! Your own private political opinions are now the property of the Nazi thought elite!

Apart from personal details, the data also contained citizens' suspected religious affiliations, ethnicities and political biases, such as where they stood on controversial topics like gun control, the right to abortion and stem cell research.

Yes! Because the authoritarian plutocracy needs to know your race and religion! So they can decide which death camps to send you to, no doubt!

The file names and directories indicated that the data was meant to be used by influential Republican political organisations. The idea was to try to create a profile on as many voters as possible using all available data, so some of the fields in the spreadsheets were left left empty if an answer could not be found.

Their goal is obviously to enslave the entire USA! This is like that really bad Captain America movie where the Nazis build an armada of aerial gunships to exterminate all thoughtcrime! And it's here today! And it's the Republican Party!

Freedom my ass, they want to enslave all America, stamp each of you with a number so you can be properly coded for extermination, and we now have the proof! 

There are fears that leaked data can easily be used for nefarious purposes,

NO SHIT SHERLOCK!

Why isn't Berwick all over this already? This is a much bigger story than that idiotic Jewish Armageddon bullshit he's been pumping.

Abortion


Funny:




Three dissents with the Fed


A fair number of people think the Fed is being far, far too aggressive with rate hikes:


Larry Summers - 5 reasons the Fed may be making a mistake.

Jared Bernstein - is the Fed fighting an old war?

Neel Kashkari - why I dissented again.


FWIW, I'm one of the guys who likes to point out

(1) recessions don't start on their own and we have no forward indication of a recession starting for the next few years, so there's no reason to be in a hurry to raise rates just so we can drop them later;

(2) we (or those of us who aren't idiot RBC theorists) actually know for a fact that Fed rate hikes can cause recessions, and those aren't in the Fed's mandate;

(3) a tight employment market can easily produce zero upward wage pressure if labour has zero market power;

(4) we're not seeing any inflation pressures either, so there's no reason for the Fed to do anything;

(5) the Fed's employment numbers are pretty useless anyway.

Though at the same time, I'm strangely OK with the idea that an IS curve can be vertical for upward rate hikes (what we're seeing now) as well as downward ones (which is one theoretical reason for downward rate drops having no positive impact on investment).

Monday, June 19, 2017

Jojo is incredibly bearish gold


Jordan Roy-Byrne - man oh man so incredibly bearish gold. As in a retest of the Dec 2016 lows bearish:

Both the technicals and fundamentals argue there is increasing downside risk in the precious metals sector. Real interest rates are rising and as the rate of inflation continues to fall, Gold will come under pressure even if nominal rates don’t rise. From a bird’s eye view, the price action in Gold and Silver so far this year is corrective, meaning it is a correction of the sharp downtrend seen in the second half of 2016. There is a strong risk of that downtrend reasserting itself and metals ultimately retesting their bear market lows before the end of this year. With respect to the gold stocks, the initial downside target is the December 2016 lows which could be reached in the next month.

Then again, I remember watching him call for $3000 gold (upon a massive repudiation of debt) a few years ago. So....


Four by New Deal Demoncrat


Four bits of data worth looking at:

New Deal Demoncrat - household permits and starts a long leading negative. Um, actually, I wonder why you think that? Because a turndown in housing construction would be an effect of a recession, not a cause. Unless, maybe, you think the next recession will be a Volcker due to the Fed forcing a yield curve inversion, in which case I'd ask how likely it is that housing contractors plan their work according to Fed policy. Basically, I'm unconvinced, though I have now studied enough economics to believe in time travel and inverse causation now.

New Deal Demoncrat - real wages make new high. Which is a good thing. So maybe this plus the previous, plus Trump's evisceration of the safeguards put in place to protect against the last crisis happening again, means an imminent housing bubble? There's been a lot of consumer deleveraging, right?

New Deal Demoncrat - weekly indicators. Real estate, M1 & M2, and tax withholding all look fine.

New Deal Demoncrat - every little thing that you say or do, I'm hung up: hung up on you. Hey, it's not my fault you're quoting Madonna, buddy.


Sunday, June 18, 2017

Realistic Mortal Kombat


Somehow I've come across comedy videos at YouTube. I guess they exist!