WHEN HE’S RIGHT, HE’S RIGHT: This GOP Governor Revealed the Truth About Newsom, Cuomo, and I Can’t Stop Laughing.
Author Archive: Stephen Green
May 24, 2024
WYATT’S DIGITAL TORCH: The world’s top chipmakers can flip a ‘kill switch’ should China invade Taiwan.
KRUISER’S MORNING BRIEFING: So Much for the Lawfare—Trump Rocks the Bronx. “The Democrats can’t run from the trainwreck that is Joe Biden or the failures of their other politicians since 2021. The noise around the Trump trial was meant to distract from all of that. All of the false narratives intended to keep Biden propped up aren’t going over with a lot of the voters.”
I HOPE HE’S WRONG BUT WE’RE SITTING ON AN AWFUL LOT OF DEBT, PLUS BIDEN’S INNOVATION-CRUSHING REREGULATION SPREE: JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome.’
When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually see one? Of course, how could anyone who reads history say there’s no chance?”
The CEO was speaking at the JPMorgan Global China Summit in Shanghai.
Dimon said the worst outcome for the U.S. economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment.
“I look at the range of outcomes and again, the worst outcome for all of us is what you call stagflation, higher rates, recession. That means corporate profits will go down and we’ll get through all of that. I mean, the world has survived that but I just think the odds have been higher than other people think.”
However, Dimon said that “the consumer is still in good shape” — even if the economy slips into recession.
Between rising credit card debt and tapped-out savings, I wonder if Dimon isn’t overestimating what kind of shape consumers are in.
ROBERT SPENCER: The Human Cost of the Left’s Obsession With Victimhood: One Woman’s Story. “For the left, to be accused is to be convicted: if someone is charged with transgressing against one of the left’s dogmas, he or she must be destroyed.”
HE’S FINE: Biden Implodes at Reporter During Embarrassing Presser, Reveals ‘Deal’ Around Questions. “Apparently the reporter crossed him up by saying he wanted to ask two questions. Biden snapped at him and said, ‘One.’ He probably only has one answer in his notes to read from and doesn’t want to have to deal with anything else.”
INITIAL REPORTS ARE ALWAYS SUSPECT: New Footage of the Scottie Scheffler Incident Tells a Different Story Than the Police Report.
CALIFORNIA MADNESS: Now California Wants to Force You to Ride the Magical Mystery Train. “It takes a special kind of stupid to mandate electric vehicles that many people can’t afford, charged on a power grid that can’t support them. But beyond even that, it takes a special kind of magical thinking to mandate electric trains that haven’t been invented.”
PRIORITIES:
On brand. https://t.co/SnXF5vI17u
— Trent Telenko (@TrentTelenko) May 23, 2024
Then again, what could Biden possibly bring to the table in Switzerland?
IT’S ODDLY GOOD-LOOKING, TOO: First Aerial View Of B-21 Raider Offers New Insights. “Overall, this side-on image gives us an idea of just how smooth and flowing the B-21 design truly is. While having much in common with its predecessor the B-2, it is clearly a major leap in stealth technology.”
2024 IS NOT ONLY STRANGER THAN YOU IMAGINE, IT’S STRANGER THAN YOU CAN IMAGINE: There’s No Way in Hell Biden Drops Out But… “There is no way Presidentish Joe Biden will drop out of the race, and I’m here to tell you today why he might.”
GEORGE SOROS HARDEST HIT: Why progressive DAs are losing their grip on the West Coast.
NOTHING TO SEE HERE, MOVE ALONG: Fauci Flunky Admits to Deleting COVID Emails.
UNEXPECTED HEADLINES: Hollywood’s War on Dwarves. “You may have heard something about a remake of Time Bandits and thought ‘that sounds like a bad idea.’ An even worse idea? Making it without dwarves.”
ADVISE AND CONSENT: Biden’s New Nominee Is the Absolute Worst, and Ted Cruz Is Having None of It. “Federal magistrate judge Sarah Netburn is one of those radical Barack Obama appointees who probably has ordinary Democrats doing face-palms so hard that you can see perfect fingerprints embedded in their foreheads. Naturally, Presidentish Joe Biden has decided what Netburn really deserves is a promotion to a U.S. District Court.”
UPDATE YOUR NEWSPEAK DICTIONARIES ACCORDINGLY:
Satire is now reality:
Illinois just passed a bill to change the word "offender" to "justice-impacted individual"
HB 4409 passed both chambers.
— End Wokeness (@EndWokeness) May 22, 2024
You can’t make this stuff up and in 2024 America, you don’t have to.
COLLEGE ATHLETICS IN THE AGE OF ENDORSEMENTS: College QB Sues the School He First Committed to Over an NIL Deal That Fell Apart.
21ST CENTURY CAMPAIGNING: Trump campaign starts taking cryptocurrency donations, vows to build a ‘crypto army.’ “The move opens a new source of potential funds for the Trump campaign, which still lags Biden in cash on hand even as it outraised the Democratic incumbent in April.”
Note that Trump outraised Biden during the New York trial which was supposed to hamstring his ability to function as a candidate.
HE’S RESTORING OUR PRECIOUS NORMS: Biden’s ‘Death by a Thousand Cuts’ Student Loan Forgiveness Schemes Continue.
I HAD BEEN ASSURED THAT INFLATION WAS IMAGINARY, TRANSITORY, HIGH-CLASS, AND BASICALLY OVER ALREADY: Federal Reserve minutes indicate worries over lack of progress on inflation. “Consumer surveys indicate increasing worries. For instance, the University of Michigan consumer sentiment survey showed the one-year outlook at 3.5%, the highest since November, while overall optimism slumped. A New York Fed survey showed similar results.”
Wages haven’t caught up with inflation and consumers have already burned through their savings and maxed out their credit cards. Spending has to give.
KRUISER’S MORNING BRIEFING: Leftists Continue to Try and Normalize Deviants and Criminals. “Leftists will dismiss this as a minor thing, but the accumulation of of the seemingly minor things plays a big role in the ongoing assault on the Constitution and the rule of law.”
THE NEW SPACE RACE: Russia’s New Counterspace Weapon Is in the Same Orbit as a US Satellite.
“On May 16, Russia launched a satellite into low Earth orbit that the United States assesses is likely a counterspace weapon presumably capable of attacking other satellites in low Earth orbit,” said U.S. Ambassador Robert Wood in a May 20 speech at the United Nations. “Russia deployed this new counterspace weapon into the same orbit as a U.S. government satellite.”
Pentagon press secretary Maj. Gen. Patrick S. Ryder said May 21 that “assessments further indicate characteristics resembling previously deployed counterspace payloads from 2019 and 2022.”
Ryder declined to discuss what U.S. intelligence agencies know about the satellite’s payload.
Maybe SpaceX could mass-produce anti-satellite-weapon satellites like they do Starlink birds.
MEANWHILE, OVER AT VOKDAPUNDIT [VIP]: Wargaming the Electoral College.