As time goes by, Irwin gets ever closer to the obvious truth: income and wealth concentration aided and abetted by the tech asymptote is the cause of diminished economic growth. Today, he has another go at it.
Remember back in December when the Federal Reserve raised interest rates? That day, 10-year Treasury bonds were yielding 2.3…
It's just past 8 am EDT, and the most thrilling carnival ride in years is about to start.
How much will you bid on a market basket of UK exports? Same as yesterday? 1% more? 50% less? "Should I stay, or should I go??" The last pollster prediction was too close to call. The bookies make it Remain by a neck.
Financial markets are on a knife's edge ahead of Thursday's Brexit referendum, but investors will have to wait longer than usual to get the result of the…
One of the adopted themes of these endeavors is that predicting tomorrow based on the last X years/months/weeks/days requires that the context of today and tomorrow is quite the same as the previous Xs. Gordon's book is a very (overly?) long account of how tech as been fleshed out during the last century or so. Key to understanding the history is that innovations such as the steamboat had much bigger impact on progress than has/will…Continue
Added by Robert Young on June 16, 2016 at 12:00pm — No Comments
These endeavors have discussed the "Lord of the Flies" attributes of my beautiful Bermuda, not that I could afford to live there or work in the predatory financial services companies that own the island. Turns out, I'm not the only one to have figured out that islands, especially the lone, isolated types are microcosms of a dystopian future. The future need not be so, but we can only avoid it…Continue
It's good to be alive.
It's Super Tuesday.
It's impossible for the Rabid Right to get it's way with the Supreme court.
Regular reader may recall the proposition that motive and incentive always trump (hehe) data when they are in conflict. With the passing of Scalia, the RR immediately looked at the data, their control of the House and Senate, and pronounced that there would be no Obama replacement. They intended to get a Super Scalia, i.e. more rabidly right, next…Continue