Archive for 2022

WEIRD HOW LAST YEAR’S “CONSPIRACY THEORY” IS ONCE AGAIN THIS YEAR’S “EVERYBODY KNOWS:” CNN’s Brian Stelter: Hey, Hunter Biden is “not just a right-wing media story” any more, you know.

Yes, we know — and we knew it all along. Almost two years after the mainstream media locked arms with Big Tech platforms to prevent the dissemination of the contents of Hunter Biden’s laptop, suddenly it’s no longer just a “right-wing media story.” Brian Stelter declared it open season on Hunter’s legal woes and alleged connections to corruption … now that Joe Biden’s approval and favorability ratings are bad enough that Democrats want to find ways to push Biden out of the 2024 election cycle.

Once you understand that Stelter — and the vast, vast majority of his counterparts — aren’t journalists but Democratic Party operatives, it all makes sense.

ANDY KESSLER: R.I.P. the Big Bull Market (1982-2022): From start to finish, the Dow rose from 776.91 to 36800, a 9.6% annual rate.

But now what? Like it or not, we’re in a new era. Capital, as always, sloshes around the globe searching for its highest return. Inflation usually means money is attracted to real assets rather than ideas. Energy? Real estate? Commodities? Fixed income will be attractive again. Corporate earnings, meanwhile, have started to decline as input costs—material, labor, regulatory overhead—spiral upward, red meat for bears.

Of course, a new bull market could start anytime, but don’t even think about another big one driven by interest-rate declines until, well, interest rates go up enough. Instead, the next bull will be fueled by earnings growth from whatever drives productivity next. Forget last cycle’s winners, find new ones—next-generation machine intelligence, geothermal energy, gene therapy, insta-vaccines, nuclear fusion or, more likely, something completely out of left field that starts out expensive, is dismissed by skeptics and then gets relentlessly cheaper over decades, creating wealth for society.

This is why we should always nurture the supply side, with capital-forming low tax rates and regulations that allow productivity to increase. The bull is dead, long live the bull.

I don’t think we’ll see another bull market with the current gang of idiots in charge.

HAHA, OF COURSE THEY DID YOU SCHMUCKS: WaPo: Did Senate Dems sell us a bill of goods on climate change too?

It’s bullshit all the way down, and you eat it up every time. “Conservatives warned repeatedly during this bill’s development that we tried the same strategy in 2009 in Barack Obama’s American Recovery and Reinvestment Act, which was nicknamed ‘Porkulus’ by the skeptical. The skeptical turned out to make the accurate call, which the Post now belatedly recognizes.”

They always wait to recognize it until after the Democrats have gotten what they want.

MILBLOGGER LAUGHING WOLF’S NUCLEAR WAR PRIMER CONTINUES: Nuclear 101: Survival.

THE FBI’S RUBY RIDGE MURDERS, 30 years later.

“THEY PRETEND TO PAY US, AND WE PRETEND TO WORK:” Quiet quitting: why doing the bare minimum at work has gone global.

Rather than working late on a Friday evening, organising the annual team-building trip to Slough or volunteering to supervise the boss’s teenager on work experience, the quiet quitters are avoiding the above and beyond, the hustle culture mentality, or what psychologists call “occupational citizenship behaviours”.

Instead, they are doing just enough in the office to keep up, then leaving work on time and muting Slack.

But posting about it on social media, so it’s not entirely quiet.

OR IF YOU’RE A DEMOCRAT BIGSHOT, BECAUSE TAXES ARE FOR THE LITTLE PEOPLE: Dem senator on huge IRS expansion: If you’ve paid your taxes, you should have nothing to fear. “This is like saying that you must be guilty if you decline to talk to the cops about a crime they’re investigating. Yet it was a popular take among lefties on the ol’ Twitter machine this weekend.”

If he believes that, then the IRS should have to pay your legal and accounting bills when you’re audited. If your compliance costs outweigh the taxes owed, they wind up in the hole. That would discourage abuse.

Also: Lots of conservatives should apply for these new positions at the IRS. We need moles in there to publicize any shenanigans.