• OT economists

    From jlarkin@highlandsniptechnology.com@21:1/5 to All on Wed Jun 1 09:33:55 2022
    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to All on Wed Jun 1 09:36:28 2022
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Phil Hobbs@21:1/5 to jlarkin@highlandsniptechnology.com on Wed Jun 1 13:27:18 2022
    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.



    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    Cheers

    Phil Hobbs

    --
    Dr Philip C D Hobbs
    Principal Consultant
    ElectroOptical Innovations LLC / Hobbs ElectroOptics
    Optics, Electro-optics, Photonics, Analog Electronics
    Briarcliff Manor NY 10510

    http://electrooptical.net
    http://hobbs-eo.com

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Joe Gwinn@21:1/5 to All on Wed Jun 1 14:23:08 2022
    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From John Larkin@21:1/5 to All on Wed Jun 1 11:36:37 2022
    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>wrote:
    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.
    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive
    spending.

    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Fun, while the party lasts.



    --

    If a man will begin with certainties, he shall end with doubts,
    but if he will be content to begin with doubts he shall end in certainties. Francis Bacon

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From John Larkin@21:1/5 to pcdhSpamMeSenseless@electrooptical. on Wed Jun 1 11:38:30 2022
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.



    My father had a standard line about that--he said he wanted to hire a >one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    Cheers

    Phil Hobbs

    Macroeconomics is not much different from astrology or witchcraft.

    --

    If a man will begin with certainties, he shall end with doubts,
    but if he will be content to begin with doubts he shall end in certainties. Francis Bacon

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Ed Lee@21:1/5 to John Larkin on Wed Jun 1 12:08:42 2022
    On Wednesday, June 1, 2022 at 11:36:48 AM UTC-7, John Larkin wrote:
    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joeg...@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jla...@highlandsniptechnology.com >wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jla...@highlandsniptechnology.com >>wrote:
    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>idiotic rail-slamming policy recommendations.
    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn
    Not as immense as artificially forced zero interest rates and massive spending.

    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Fun, while the party lasts.

    Well, a year ago, if not long, i posted here that inflation will be big problem and go high on oil/gas. I did not foresee the RU/UA war, but everything else was in place. I was ridiculed with transitory inflation. Even Yellen now admit their mistakes.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Joe Gwinn@21:1/5 to jlarkin@highland_atwork_technology. on Wed Jun 1 16:26:26 2022
    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>wrote:
    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>idiotic rail-slamming policy recommendations.
    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive >spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible
    things of intrinsic value.


    Fun, while the party lasts.

    The midterm elections this coming November will be very interesting.

    Joe Gwinn

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Martin Brown@21:1/5 to John Larkin on Wed Jun 1 21:27:26 2022
    On 01/06/2022 19:38, John Larkin wrote:
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    That is a problem with all theoreticians. Many possible explanations of
    any graph but only one of them is right and sometimes none of them are.

    Macroeconomics is not much different from astrology or witchcraft.

    That is unkind to them even though I do view them as without doubt the
    most dismal science. In no other intellectual endeavour do researchers prostitute themselves for Mammon except for "Economics" Nobel laureates.
    Long Term Capital Management being the canonical example.

    https://en.wikipedia.org/wiki/Long-Term_Capital_Management

    Problem is that like with quantum mechanics all economics experiments
    and bankers utterances can seriously affect the systems that they are
    trying to measure, control and model. I once had a chance to play with
    the UK economic modelling program and it does get the basics right.

    Problem is the real world doesn't ever behave like the model. A few
    select insiders get advanced warning from friends and so the system is
    not fair in the sense that all players have equal access to information.

    It is best summed up by what the CEO of Lloyds of London said about the
    unlucky naive names made bankrupt by being lumbered with asbestos
    syndicate losses "If God had not intended them to be shorn Hr would not
    have made them sheep". Far enough back to have a historical perspective.

    https://www.theguardian.com/money/2000/nov/04/business.personalfinancenews1

    What it can do nothing about is black swan events like the idiocy of
    Brexit or external factors like the Russian invasion of Ukraine and the resulting huge and rapid increase in energy prices.

    Markets consist of mostly stupid greedy individuals doing what they
    think will make them the most money and bonuses in the short term. It is
    no surprise that they are unstable. Invention of new ways to con people
    with paper based frauds that earn big for early investors whilst robbing
    the latecomers are legend and have been ever since ancient times.

    Bank of England issues stern warnings about this sort of thing roughly
    every 50 years or so. Tulip mania, South Sea bubble and railways were
    earlier ones. The dotcom boom and crypto currencies are still too fresh
    to get a perspective on right now. Crypto is still very much in play.

    One thing is certain - the insiders seldom lose any money and stand to
    make a great deal by tricking gullible fools into parting with theirs.

    --
    Regards,
    Martin Brown

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Phil Hobbs@21:1/5 to Martin Brown on Wed Jun 1 17:30:15 2022
    Martin Brown wrote:
    On 01/06/2022 19:38, John Larkin wrote:
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
    <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/


    Macroeconomists are usually wrong. The ones with political influence >>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/


    As usual, too much too late.

    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    That is a problem with all theoreticians. Many possible explanations of
    any graph but only one of them is right and sometimes none of them are.


    There are a whole lot of folks who seem to have learned everything they
    know from the Friday evening stock market reports.

    "Program trading," "weakness in Asia," "weak Treasury auction," "short
    squeeze in tech,", you know the deal.

    In solid state, it's

    "Surface states," "deep-level traps," "many-body effects," "dopant
    statistics," and similar.

    Or anything Neil deGrasse Tyson says about anything. ;)

    Cheers

    Phil Hobbs

    --
    Dr Philip C D Hobbs
    Principal Consultant
    ElectroOptical Innovations LLC / Hobbs ElectroOptics
    Optics, Electro-optics, Photonics, Analog Electronics
    Briarcliff Manor NY 10510

    http://electrooptical.net
    http://hobbs-eo.com

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From amdx@21:1/5 to Martin Brown on Wed Jun 1 21:10:34 2022
    On 6/1/2022 3:27 PM, Martin Brown wrote:
    On 01/06/2022 19:38, John Larkin wrote:
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
    <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/


    Macroeconomists are usually wrong. The ones with political influence >>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/


    As usual, too much too late.

    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    That is a problem with all theoreticians. Many possible explanations
    of any graph but only one of them is right and sometimes none of them
    are.

    Macroeconomics is not much different from astrology or witchcraft.

    That is unkind to them even though I do view them as without doubt the
    most dismal science. In no other intellectual endeavour do researchers prostitute themselves for Mammon except for "Economics" Nobel
    laureates. Long Term Capital Management being the canonical example.

    https://en.wikipedia.org/wiki/Long-Term_Capital_Management

    Problem is that like with quantum mechanics all economics experiments
    and bankers utterances can seriously affect the systems that they are
    trying to measure, control and model. I once had a chance to play with
    the UK economic modelling program and it does get the basics right.

    Problem is the real world doesn't ever behave like the model. A few
    select insiders get advanced warning from friends and so the system is
    not fair in the sense that all players have equal access to information.

    It is best summed up by what the CEO of Lloyds of London said about
    the unlucky naive names made bankrupt by being lumbered with asbestos syndicate losses "If God had not intended them to be shorn Hr would
    not have made them sheep". Far enough back to have a historical
    perspective.

    https://www.theguardian.com/money/2000/nov/04/business.personalfinancenews1


    What it can do nothing about is black swan events like the idiocy of
    Brexit or external factors like the Russian invasion of Ukraine and
    the resulting huge and rapid increase in energy prices.

    Markets consist of mostly stupid greedy individuals doing what they
    think will make them the most money and bonuses in the short term. It
    is no surprise that they are unstable. Invention of new ways to con
    people with paper based frauds that earn big for early investors
    whilst robbing the latecomers are legend and have been ever since
    ancient times.

    Bank of England issues stern warnings about this sort of thing roughly
    every 50 years or so. Tulip mania, South Sea bubble and railways were
    earlier ones. The dotcom boom and crypto currencies are still too
    fresh to get a perspective on right now. Crypto is still very much in
    play.

    One thing is certain - the insiders seldom lose any money and stand to
    make a great deal by tricking gullible fools into parting with theirs.

    Did anyone take this guy serious in 2008? He was very clear about his
    position on the Fed.
    https://www.youtube.com/watch?v=SWksEJQEYVU&t=1s
    A  followup 10 years later.
    https://www.youtube.com/watch?v=QGwgKqTKMFQ
    Today's question; I'm down 8 years of retirement income, do I sell now
    and avoid  8 more years of income loss, or sell now and
    miss  the gain of 8 years income? It sucks, but I went through it in
    2000 and 2008, 2009 to 2020 was a lot of fun, now, not so much :-)
                                                    Mikek




    --
    This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to All on Wed Jun 1 19:23:09 2022
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin ><jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>>wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>>wrote:
    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>>are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>>idiotic rail-slamming policy recommendations.
    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive >>spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible
    things of intrinsic value.

    About half the US population has no savings, no net wealth. If they
    notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom
    50% combined. Heck, I have more wealth than the bottom 50%.



    Fun, while the party lasts.

    The midterm elections this coming November will be very interesting.

    Joe Gwinn


    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From rbowman@21:1/5 to John Larkin on Wed Jun 1 20:43:46 2022
    On 06/01/2022 12:38 PM, John Larkin wrote:
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.



    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    Cheers

    Phil Hobbs

    Macroeconomics is not much different from astrology or witchcraft.


    Voodoo economics?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From rbowman@21:1/5 to Phil Hobbs on Wed Jun 1 20:49:28 2022
    On 06/01/2022 03:30 PM, Phil Hobbs wrote:
    Martin Brown wrote:
    On 01/06/2022 19:38, John Larkin wrote:
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
    <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/


    Macroeconomists are usually wrong. The ones with political influence >>>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/


    As usual, too much too late.

    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    That is a problem with all theoreticians. Many possible explanations
    of any graph but only one of them is right and sometimes none of them
    are.


    There are a whole lot of folks who seem to have learned everything they
    know from the Friday evening stock market reports.

    "Program trading," "weakness in Asia," "weak Treasury auction," "short squeeze in tech,", you know the deal.

    In solid state, it's

    "Surface states," "deep-level traps," "many-body effects," "dopant statistics," and similar.

    Or anything Neil deGrasse Tyson says about anything. ;)

    Cheers

    Phil Hobbs


    If anybody says 'the fundamentals are sound' I'm going to head for the
    woods with a lot of beans, bacon, and bullets.

    I worked summers for the NYS Education Dept. when I was in school and
    the basement was filled with pallets of newspapers. Given the time I
    assume the plan was to transfer them to microfiche. Anyway I found it
    very educational to read the reports from the summer of 1929.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to jlarkin@highlandsniptechnology.com on Thu Jun 2 01:24:29 2022
    On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
    <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>>> wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive
    spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible
    things of intrinsic value.

    About half the US population has no savings, no net wealth. If they
    notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom
    50% combined. Heck, I have more wealth than the bottom 50%.

    If Mr. Larkin is wealthier than 150 million Americans combined in the
    "greatest country in the world" I'd sure hate to see the second-greatest.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to rbowman on Thu Jun 2 06:39:40 2022
    On Wed, 1 Jun 2022 20:43:46 -0600, rbowman <bowman@montana.com> wrote:

    On 06/01/2022 12:38 PM, John Larkin wrote:
    On Wed, 1 Jun 2022 13:27:18 -0400, Phil Hobbs
    <pcdhSpamMeSenseless@electrooptical.net> wrote:

    jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their
    idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.



    My father had a standard line about that--he said he wanted to hire a
    one-armed economist, because he was sick of being told "on one hand,
    this, on the other hand, that."

    Cheers

    Phil Hobbs

    Macroeconomics is not much different from astrology or witchcraft.


    Voodoo economics?

    Right. Economics 101 works. Basic conservation concepts work.
    Nobel-level macroeconomics doesn't. Economics is yet another study
    where expertise reduces competence.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to bitrex on Thu Jun 2 06:53:39 2022
    On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:

    On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
    <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>>>> wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>>>> idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive
    spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible
    things of intrinsic value.

    About half the US population has no savings, no net wealth. If they
    notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom
    50% combined. Heck, I have more wealth than the bottom 50%.

    If Mr. Larkin is wealthier than 150 million Americans combined in the >"greatest country in the world" I'd sure hate to see the second-greatest.

    The people with zero or negative net worth aren't starving or stuffed
    into labor camps. They mostly have apartments, cars, and too much
    food. They get medical care, often free, and will get Social Security
    and Medicaire when they get old. They just don't care to manage their
    finances, in a country where that isn't lethal.

    Move to Venezuela or Somalia or Haiti if you hate the USA, which you
    certainly do. Cuba is nice too, a socialist workers' paradise.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to jlarkin@highlandsniptechnology.com on Thu Jun 2 10:10:43 2022
    On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
    On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:

    On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
    <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net> >>>>> wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>>>>> wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>>>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>>>>> idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive >>>>> spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you >>>>> don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible
    things of intrinsic value.

    About half the US population has no savings, no net wealth. If they
    notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom
    50% combined. Heck, I have more wealth than the bottom 50%.

    If Mr. Larkin is wealthier than 150 million Americans combined in the
    "greatest country in the world" I'd sure hate to see the second-greatest.

    The people with zero or negative net worth aren't starving or stuffed
    into labor camps. They mostly have apartments, cars, and too much
    food. They get medical care, often free, and will get Social Security
    and Medicaire when they get old. They just don't care to manage their finances, in a country where that isn't lethal.

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it" and by "too much food" you mean "Food budget
    is crippling especially in times of high inflation and is one of the
    things that prevents building net worth" and by "in a country where that
    isn't lethal" you mean "a million people just died of Covid-19 and the
    majority of them were poor"


    Move to Venezuela or Somalia or Haiti if you hate the USA, which you certainly do.

    I think the expression is "damning with faint praise"

    Cuba is nice too, a socialist workers' paradise.

    The 60+ year embargo against Cuba is definitely one of the more
    perplexing US foreign policy decisions of all time. The opportunity cost
    for both countries of doing it has been huge and in that time it
    accomplished close to nothing other than make a small number of Cuban
    expats and their descendants in South Florida happy.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to Martin Brown on Thu Jun 2 10:33:40 2022
    On 6/1/2022 4:27 PM, Martin Brown wrote:

    That is a problem with all theoreticians. Many possible explanations of
    any graph but only one of them is right and sometimes none of them are.

    Macroeconomics is not much different from astrology or witchcraft.

    That is unkind to them even though I do view them as without doubt the
    most dismal science. In no other intellectual endeavour do researchers prostitute themselves for Mammon except for "Economics" Nobel laureates.
    Long Term Capital Management being the canonical example.

    https://en.wikipedia.org/wiki/Long-Term_Capital_Management

    Problem is that like with quantum mechanics all economics experiments
    and bankers utterances can seriously affect the systems that they are
    trying to measure, control and model. I once had a chance to play with
    the UK economic modelling program and it does get the basics right.

    Problem is the real world doesn't ever behave like the model. A few
    select insiders get advanced warning from friends and so the system is
    not fair in the sense that all players have equal access to information.

    The one PhD macroeconomist I know publishes extremely math-heavy papers
    about e.g. the effects of international border realignments on trade
    deficits, historical analysis and optimization of textile manufacturing
    raw materials import in India, etc.

    I expect the average engineer here could understand maybe 10% of what's
    in any particular paper.

    Anyway, he's a university academic and makes a university academic's
    salary which in the area of the US he lives in may not even be in the
    six figures.

    Like a PhD electrical engineer who works in academia he'd probably be
    thrilled if anyone leveraged his work to make more in their
    business/industry and there's probably legitimate optimization potential
    for certain industries buried in them, but it's rare this happens.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to bitrex on Thu Jun 2 07:42:14 2022
    On Thu, 2 Jun 2022 10:10:43 -0400, bitrex <user@example.net> wrote:

    On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
    On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:

    On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net>
    wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
    <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net> >>>>>> wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>>>>>> wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com >>>>>>>> wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>>>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>>>>>> idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the >>>>>>> party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive >>>>>> spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you >>>>>> don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible
    things of intrinsic value.

    About half the US population has no savings, no net wealth. If they
    notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom
    50% combined. Heck, I have more wealth than the bottom 50%.

    If Mr. Larkin is wealthier than 150 million Americans combined in the
    "greatest country in the world" I'd sure hate to see the second-greatest. >>
    The people with zero or negative net worth aren't starving or stuffed
    into labor camps. They mostly have apartments, cars, and too much
    food. They get medical care, often free, and will get Social Security
    and Medicaire when they get old. They just don't care to manage their
    finances, in a country where that isn't lethal.

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it" and by "too much food" you mean "Food budget
    is crippling especially in times of high inflation and is one of the
    things that prevents building net worth" and by "in a country where that >isn't lethal" you mean "a million people just died of Covid-19 and the >majority of them were poor"

    Wow, you really hate the USA. Read this:

    https://tinyurl.com/ym5t8ryx

    One strange side effect of the best civilization in history is a lot
    of self-loathing. Enjoy.



    Move to Venezuela or Somalia or Haiti if you hate the USA, which you
    certainly do.

    I think the expression is "damning with faint praise"

    Cuba is nice too, a socialist workers' paradise.

    The 60+ year embargo against Cuba is definitely one of the more
    perplexing US foreign policy decisions of all time. The opportunity cost
    for both countries of doing it has been huge and in that time it
    accomplished close to nothing other than make a small number of Cuban
    expats and their descendants in South Florida happy.

    Cuba can trade with europe, Mexico, Canada, China, Venezuela, Africa,
    all the world. They can't blame the USA for their many messes, except
    that they lose their best brains to people trying to get here on
    rafts.

    It's telling they we welcome millions of undocumented people at our
    southern border, but we catch Cubans in leaky boats off our shores and
    return them to Cuba to be punished. Guess why.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Anthony William Sloman@21:1/5 to John Larkin on Thu Jun 2 10:27:32 2022
    On Thursday, June 2, 2022 at 4:36:48 AM UTC+10, John Larkin wrote:
    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joeg...@comcast.net> wrote: >On Wed, 01 Jun 2022 09:36:28 -0700, jla...@highlandsniptechnology.com wrote: >>On Wed, 01 Jun 2022 09:33:55 -0700, jla...@highlandsniptechnology.com wrote:
    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>are always wrong. "Dismal science" indeed.

    John Larkin knows very little about economics, so he has no idea how little he knows,

    Of course, they can always find something else to blame for their idiotic rail-slamming policy recommendations.

    Or recommendations that look "rail slamming" to John Larkin.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Not as immense as artificially forced zero interest rates and massive spending.

    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Fun, while the party lasts.

    Except that you don't do it when people are in a party mood, and you wind it back rapidly when the economy starts looking if it going to return to normal.

    The anti-Keynesians can't be bothered to understand what actually happens, and ignore the information that the Keynesians are relying on to monitor the effects of their interventions. It's extraordinarily stupid.

    --
    Bill Sloman, Sydney (but in Nijmegen in the Netherlands at the moment).

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to Anthony William Sloman on Thu Jun 2 16:10:47 2022
    On 6/2/2022 1:27 PM, Anthony William Sloman wrote:
    On Thursday, June 2, 2022 at 4:36:48 AM UTC+10, John Larkin wrote:
    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joeg...@comcast.net> wrote: >>> On Wed, 01 Jun 2022 09:36:28 -0700, jla...@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 09:33:55 -0700, jla...@highlandsniptechnology.com wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>> are always wrong. "Dismal science" indeed.

    John Larkin knows very little about economics, so he has no idea how little he knows,

    Of course, they can always find something else to blame for their idiotic rail-slamming policy recommendations.

    Or recommendations that look "rail slamming" to John Larkin.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the
    party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Not as immense as artificially forced zero interest rates and massive
    spending.

    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you
    don't have to pay back loans.

    Fun, while the party lasts.

    Except that you don't do it when people are in a party mood, and you wind it back rapidly when the economy starts looking if it going to return to normal.

    The anti-Keynesians can't be bothered to understand what actually happens, and ignore the information that the Keynesians are relying on to monitor the effects of their interventions. It's extraordinarily stupid.


    America spends more on defense than anyone else but meanwhile the guy
    tells me there's a "War on the West" and we're fucking losing it? ???
    Wow. Money well-spent.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to jlarkin@highlandsniptechnology.com on Thu Jun 2 16:03:23 2022
    On 6/2/2022 10:42 AM, jlarkin@highlandsniptechnology.com wrote:
    On Thu, 2 Jun 2022 10:10:43 -0400, bitrex <user@example.net> wrote:

    On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
    On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:

    On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net> >>>>> wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
    <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net> >>>>>>> wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com >>>>>>>> wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence >>>>>>>>>> are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>>>>>>> idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the >>>>>>>> party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive >>>>>>> spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And
    government can borrow and spend without limit. At zero interest, you >>>>>>> don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible >>>>>> things of intrinsic value.

    About half the US population has no savings, no net wealth. If they
    notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom
    50% combined. Heck, I have more wealth than the bottom 50%.

    If Mr. Larkin is wealthier than 150 million Americans combined in the
    "greatest country in the world" I'd sure hate to see the second-greatest. >>>
    The people with zero or negative net worth aren't starving or stuffed
    into labor camps. They mostly have apartments, cars, and too much
    food. They get medical care, often free, and will get Social Security
    and Medicaire when they get old. They just don't care to manage their
    finances, in a country where that isn't lethal.

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it" and by "too much food" you mean "Food budget
    is crippling especially in times of high inflation and is one of the
    things that prevents building net worth" and by "in a country where that
    isn't lethal" you mean "a million people just died of Covid-19 and the
    majority of them were poor"

    Wow, you really hate the USA. Read this:

    https://tinyurl.com/ym5t8ryx

    One strange side effect of the best civilization in history is a lot
    of self-loathing. Enjoy.

    First he tells me how good everyone has it, now he tells me we're in a
    war. Ok. I think if the "War on the West" didn't exist, someone would
    have to invent it.

    I don't tend to read many books by fascists on what "war" they think
    we're in though, they tend to be Johnny One-Notes and these particular
    new young hacks like Douglas Murray are a particularly execrable bunch,
    I guarantee he's not saying much of anything that Pat Buchanan wasn't
    writing 30 years ago, but now in a less intelligible and far more
    histrionic format.

    He seems to be a homosexual fascist too which is a peculiar type but
    there's historical precedent for that, homosexuality & fascism have had
    an uncomfortable relationship for a long time, Ernst Rohm was a
    well-known example:

    <https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>



    Move to Venezuela or Somalia or Haiti if you hate the USA, which you
    certainly do.

    I think the expression is "damning with faint praise"

    Cuba is nice too, a socialist workers' paradise.

    The 60+ year embargo against Cuba is definitely one of the more
    perplexing US foreign policy decisions of all time. The opportunity cost
    for both countries of doing it has been huge and in that time it
    accomplished close to nothing other than make a small number of Cuban
    expats and their descendants in South Florida happy.

    Cuba can trade with europe, Mexico, Canada, China, Venezuela, Africa,
    all the world. They can't blame the USA for their many messes, except
    that they lose their best brains to people trying to get here on
    rafts.

    It's telling they we welcome millions of undocumented people at our
    southern border, but we catch Cubans in leaky boats off our shores and
    return them to Cuba to be punished. Guess why.

    Yes yes, millions and millions of undocumented invading our country all
    the time. More and more every year I expect. Very surprising they
    haven't been successful at it by now =if the histrionic figures
    right-wingers get in their heads are true.

    For a long time Americans of European descent have had a fear of being "replaced" by someone or other, it's as old as the 3/5ths clause of the Constitution. The fear is literally written into the founding document
    of the nation.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to jlarkin@highlandsniptechnology.com on Thu Jun 2 16:18:45 2022
    On 6/2/2022 10:42 AM, jlarkin@highlandsniptechnology.com wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it" and by "too much food" you mean "Food budget
    is crippling especially in times of high inflation and is one of the
    things that prevents building net worth" and by "in a country where that
    isn't lethal" you mean "a million people just died of Covid-19 and the
    majority of them were poor"

    Wow, you really hate the USA. Read this:

    https://tinyurl.com/ym5t8ryx

    One strange side effect of the best civilization in history is a lot
    of self-loathing. Enjoy.

    "China has concentration camps now. Why do Westerners claim our sins are unique?

    It is now in vogue to celebrate non-Western cultures and disparage
    Western ones. Some of this is a much-needed reckoning, but much of it
    fatally undermines the very things that created the greatest, most
    humane civilization in the world."

    One doesn't have to celebrate them, but simply being non-moronic about
    them might be a start. What passes for right-wing "leadership" in
    America these days rarely passes this very low bar.

    Anyway, here's Taylor Greene ranting about God knows what. If Trump
    can't make it she'd make a great presidential candidate.

    <https://www.vice.com/en/article/5dgne3/marjorie-taylor-greene-says-bill-gates-will-force-you-to-eat-burgers-made-in-a-peach-tree-dish>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From John Larkin@21:1/5 to bitrex on Thu Jun 2 14:15:03 2022
    On Thu, 2 Jun 2022 16:03:23 -0400, bitrex <user@example.net> wrote:

    On 6/2/2022 10:42 AM, jlarkin@highlandsniptechnology.com wrote:
    On Thu, 2 Jun 2022 10:10:43 -0400, bitrex <user@example.net> wrote:

    On 6/2/2022 9:53 AM, jlarkin@highlandsniptechnology.com wrote:
    On Thu, 2 Jun 2022 01:24:29 -0400, bitrex <user@example.net> wrote:

    On 6/1/2022 10:23 PM, jlarkin@highlandsniptechnology.com wrote:
    On Wed, 01 Jun 2022 16:26:26 -0400, Joe Gwinn <joegwinn@comcast.net> >>>>>> wrote:

    On Wed, 01 Jun 2022 11:36:37 -0700, John Larkin
    <jlarkin@highland_atwork_technology.com> wrote:

    On Wed, 01 Jun 2022 14:23:08 -0400, Joe Gwinn <joegwinn@comcast.net> >>>>>>>> wrote:

    On Wed, 01 Jun 2022 09:36:28 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    On Wed, 01 Jun 2022 09:33:55 -0700, jlarkin@highlandsniptechnology.com
    wrote:

    https://www.usatoday.com/story/news/politics/2022/05/31/biden-interfere-federal-reserve-inflation/7454555001/

    Macroeconomists are usually wrong. The ones with political influence
    are always wrong. "Dismal science" indeed.

    Of course, they can always find something else to blame for their >>>>>>>>>>> idiotic rail-slamming policy recommendations.

    https://www.breitbart.com/economy/2022/06/01/jamie-dimon-warns-of-economic-hurricane/

    As usual, too much too late.

    The issue here is who is saying it, not when they arrived at the >>>>>>>>> party. His influence on Wall Street is immense.

    .<https://en.wikipedia.org/wiki/Jamie_Dimon>

    Joe Gwinn

    Not as immense as artificially forced zero interest rates and massive >>>>>>>> spending.

    Yes, but that is not yet within his power.

    But he would make a fine Secretary of the Treasury.


    At zero interest, everybody dumps savings and buys stocks. And >>>>>>>> government can borrow and spend without limit. At zero interest, you >>>>>>>> don't have to pay back loans.

    Yep. Inflation also causes people to covert savings into tangible >>>>>>> things of intrinsic value.

    About half the US population has no savings, no net wealth. If they >>>>>> notice inflation, they can buy more stuff (or vacations) on their
    credit cards.

    It's said that 2% of the population has more wealth than the bottom >>>>>> 50% combined. Heck, I have more wealth than the bottom 50%.

    If Mr. Larkin is wealthier than 150 million Americans combined in the >>>>> "greatest country in the world" I'd sure hate to see the second-greatest. >>>>
    The people with zero or negative net worth aren't starving or stuffed
    into labor camps. They mostly have apartments, cars, and too much
    food. They get medical care, often free, and will get Social Security
    and Medicaire when they get old. They just don't care to manage their
    finances, in a country where that isn't lethal.

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it" and by "too much food" you mean "Food budget
    is crippling especially in times of high inflation and is one of the
    things that prevents building net worth" and by "in a country where that >>> isn't lethal" you mean "a million people just died of Covid-19 and the
    majority of them were poor"

    Wow, you really hate the USA. Read this:

    https://tinyurl.com/ym5t8ryx

    One strange side effect of the best civilization in history is a lot
    of self-loathing. Enjoy.

    First he tells me how good everyone has it, now he tells me we're in a
    war. Ok. I think if the "War on the West" didn't exist, someone would
    have to invent it.

    I don't tend to read many books by fascists on what "war" they think
    we're in though, they tend to be Johnny One-Notes and these particular
    new young hacks like Douglas Murray are a particularly execrable bunch,
    I guarantee he's not saying much of anything that Pat Buchanan wasn't
    writing 30 years ago, but now in a less intelligible and far more
    histrionic format.

    He seems to be a homosexual fascist too which is a peculiar type but
    there's historical precedent for that, homosexuality & fascism have had
    an uncomfortable relationship for a long time, Ernst Rohm was a
    well-known example:

    <https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>



    Move to Venezuela or Somalia or Haiti if you hate the USA, which you
    certainly do.

    I think the expression is "damning with faint praise"

    Cuba is nice too, a socialist workers' paradise.

    The 60+ year embargo against Cuba is definitely one of the more
    perplexing US foreign policy decisions of all time. The opportunity cost >>> for both countries of doing it has been huge and in that time it
    accomplished close to nothing other than make a small number of Cuban
    expats and their descendants in South Florida happy.

    Cuba can trade with europe, Mexico, Canada, China, Venezuela, Africa,
    all the world. They can't blame the USA for their many messes, except
    that they lose their best brains to people trying to get here on
    rafts.

    It's telling they we welcome millions of undocumented people at our
    southern border, but we catch Cubans in leaky boats off our shores and
    return them to Cuba to be punished. Guess why.

    Yes yes, millions and millions of undocumented invading our country all
    the time. More and more every year I expect. Very surprising they
    haven't been successful at it by now =if the histrionic figures
    right-wingers get in their heads are true.


    You didn't guess why.

    --

    If a man will begin with certainties, he shall end with doubts,
    but if he will be content to begin with doubts he shall end in certainties. Francis Bacon

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From rbowman@21:1/5 to bitrex on Thu Jun 2 22:25:08 2022
    On 06/02/2022 02:03 PM, bitrex wrote:
    He seems to be a homosexual fascist too which is a peculiar type but
    there's historical precedent for that, homosexuality & fascism have had
    an uncomfortable relationship for a long time, Ernst Rohm was a
    well-known example:

    <https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>

    The Third Reich knew when to cut their losses.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to rbowman on Fri Jun 3 10:11:51 2022
    On 6/3/2022 12:25 AM, rbowman wrote:
    On 06/02/2022 02:03 PM, bitrex wrote:
    He seems to be a homosexual fascist too which is a peculiar type but
    there's historical precedent for that, homosexuality & fascism have had
    an uncomfortable relationship for a long time, Ernst Rohm was a
    well-known example:

    <https://en.wikipedia.org/wiki/Ernst_R%C3%B6hm>

    The Third Reich knew when to cut their losses.

    "Hitler was aware of Röhm's homosexuality. Their friendship shows in
    that Röhm remained one of the few intimates allowed to use the familiar
    German du (the German familiar form of "you") when conversing with Hitler."

    The old saw "With friends like these, who needs enemies" would seem to
    apply.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Fred Bloggs@21:1/5 to bitrex on Fri Jun 3 08:24:49 2022
    On Thursday, June 2, 2022 at 10:10:52 AM UTC-4, bitrex wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has anything to say about it"

    Social Security is a dinosaur from a time when people could live off $13 a month. It's useless mainly because government can't make money grow, all they can do is make it disappear for nothing. Conservative Republicans want SS replaced by an investment
    plan similar to Federal Thrift Savings used by federal employees and enacted during Reagan administration. It has a nearly 40 year track record of spectacular success. People will end up with way more retirement annuity.
    https://en.wikipedia.org/wiki/Thrift_Savings_Plan

    Medicare is self-supporting.

    Why don't you learn the facts before you shoot your mouth off espousing all this braindead communist liberal garbage usually originating with lifelong failures who don't now anything.

    The Republicans main problem is their politician spokespeople are certifiable morons who can't explain anything.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to Fred Bloggs on Fri Jun 3 17:12:39 2022
    On 6/3/2022 11:24 AM, Fred Bloggs wrote:
    On Thursday, June 2, 2022 at 10:10:52 AM UTC-4, bitrex wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it"

    Social Security is a dinosaur from a time when people could live off $13 a month. It's useless mainly because government can't make money grow, all they can do is make it disappear for nothing. Conservative Republicans want SS replaced by an
    investment plan similar to Federal Thrift Savings used by federal employees and enacted during Reagan administration. It has a nearly 40 year track record of spectacular success. People will end up with way more retirement annuity.
    https://en.wikipedia.org/wiki/Thrift_Savings_Plan

    Medicare is self-supporting.

    Why don't you learn the facts before you shoot your mouth off espousing all this braindead communist liberal garbage

    Incidentally it's fine if you want to call me a communist but don't ever fucking call me a "liberal"

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to Fred Bloggs on Fri Jun 3 17:09:18 2022
    On 6/3/2022 11:24 AM, Fred Bloggs wrote:
    On Thursday, June 2, 2022 at 10:10:52 AM UTC-4, bitrex wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it"

    Social Security is a dinosaur from a time when people could live off $13 a month. It's useless mainly because government can't make money grow, all they can do is make it disappear for nothing. Conservative Republicans want SS replaced by an
    investment plan similar to Federal Thrift Savings used by federal employees and enacted during Reagan administration. It has a nearly 40 year track record of spectacular success. People will end up with way more retirement annuity.
    https://en.wikipedia.org/wiki/Thrift_Savings_Plan

    Medicare is self-supporting.

    Why don't you learn the facts before you shoot your mouth off espousing all this braindead communist liberal garbage usually originating with lifelong failures who don't now anything.

    Hey remember when you said we were all going to be dead in two years
    like, four years ago

    The Republicans main problem is their politician spokespeople are certifiable morons who can't explain anything.

    Almost like they have a moronic ideology that doesn't lend itself well
    to any kind of non-world salad explanation in the first place.

    <https://www.vice.com/en/article/5dgne3/marjorie-taylor-greene-says-bill-gates-will-force-you-to-eat-burgers-made-in-a-peach-tree-dish>

    If you'd said "The Democrats main problem is their politician
    spokespeople are certifiable morons who can't explain anything." I'd be
    more inclined to agree except it's not their main problem, just one of them.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to bloggs.fredbloggs.fred@gmail.com on Fri Jun 3 19:38:05 2022
    On Fri, 3 Jun 2022 08:24:49 -0700 (PDT), Fred Bloggs <bloggs.fredbloggs.fred@gmail.com> wrote:

    On Thursday, June 2, 2022 at 10:10:52 AM UTC-4, bitrex wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it"

    Social Security is a dinosaur from a time when people could live off $13 a month. It's useless mainly because government can't make money grow, all they can do is make it disappear for nothing. Conservative Republicans want SS replaced by an investment
    plan similar to Federal Thrift Savings used by federal employees and enacted during Reagan administration. It has a nearly 40 year track record of spectacular success. People will end up with way more retirement annuity.
    https://en.wikipedia.org/wiki/Thrift_Savings_Plan

    Medicare is self-supporting.

    Why don't you learn the facts before you shoot your mouth off espousing all this braindead communist liberal garbage usually originating with lifelong failures who don't now anything.

    The Republicans main problem is their politician spokespeople are certifiable morons who can't explain anything.

    I get SS. And pay into SS. I take a mandatory distribution from my
    IRA, and pay into my IRA. I do NOT do my own taxes.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From rbowman@21:1/5 to jlarkin@highlandsniptechnology.com on Fri Jun 3 21:57:05 2022
    On 06/03/2022 08:38 PM, jlarkin@highlandsniptechnology.com wrote:
    On Fri, 3 Jun 2022 08:24:49 -0700 (PDT), Fred Bloggs <bloggs.fredbloggs.fred@gmail.com> wrote:

    On Thursday, June 2, 2022 at 10:10:52 AM UTC-4, bitrex wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it"

    Social Security is a dinosaur from a time when people could live off $13 a month. It's useless mainly because government can't make money grow, all they can do is make it disappear for nothing. Conservative Republicans want SS replaced by an
    investment plan similar to Federal Thrift Savings used by federal employees and enacted during Reagan administration. It has a nearly 40 year track record of spectacular success. People will end up with way more retirement annuity.
    https://en.wikipedia.org/wiki/Thrift_Savings_Plan

    Medicare is self-supporting.

    Why don't you learn the facts before you shoot your mouth off espousing all this braindead communist liberal garbage usually originating with lifelong failures who don't now anything.

    The Republicans main problem is their politician spokespeople are certifiable morons who can't explain anything.

    I get SS. And pay into SS. I take a mandatory distribution from my
    IRA, and pay into my IRA. I do NOT do my own taxes.




    Yeah, ain't it fun? I slept through the SECURE act and didn't realize
    they dropped the age limit on IRA contributions. I wonder if it's worth
    turning the RMD around and putting it back in?

    Somehow paying taxes on SS income and also paying into it seems like
    double jeopardy. I just hold my nose and pay. Gotta keep Zelensky in graft.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to rbowman on Sat Jun 4 00:08:56 2022
    On 6/3/2022 11:57 PM, rbowman wrote:
    On 06/03/2022 08:38 PM, jlarkin@highlandsniptechnology.com wrote:
    On Fri, 3 Jun 2022 08:24:49 -0700 (PDT), Fred Bloggs
    <bloggs.fredbloggs.fred@gmail.com> wrote:

    On Thursday, June 2, 2022 at 10:10:52 AM UTC-4, bitrex wrote:

    By "often free" I think you mean "Almost never free" and by "Will get
    Social Security and Medicare" I think you mean "Not if the right has
    anything to say about it"

    Social Security is a dinosaur from a time when people could live off
    $13 a month. It's useless mainly because government can't make money
    grow,  all they can do is make it disappear for nothing. Conservative
    Republicans want SS replaced by an investment plan similar to Federal
    Thrift Savings used by federal employees and enacted during Reagan
    administration. It has a nearly 40 year track record of spectacular
    success. People will end up with way more retirement annuity.
    https://en.wikipedia.org/wiki/Thrift_Savings_Plan

    Medicare is self-supporting.

    Why don't you learn the facts before you shoot your mouth off
    espousing all this braindead communist liberal garbage usually
    originating with lifelong failures who  don't now anything.

    The Republicans main problem is their politician spokespeople are
    certifiable morons who can't explain anything.

    I get SS. And pay into SS. I take a mandatory distribution from my
    IRA, and pay into my IRA. I do NOT do my own taxes.




    Yeah, ain't it fun?  I slept through the SECURE act and didn't realize
    they dropped the age limit on IRA contributions. I wonder if it's worth turning the RMD around and putting it back in?

    Somehow paying taxes on SS income and also paying into it seems like
    double jeopardy. I just hold my nose and pay. Gotta keep Zelensky in graft.


    Wealthy Millennials have a retirement plan I gotta say I'm somewhat
    inclined to agree with:

    <https://twitter.com/lilpump/status/1417747576812675074?lang=en>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)