Feb 282019
 
The House Hit A New Low

Leonardo da Vinci Ginevra de’ Benci 1474-78   Perhaps against better judgment, I just can’t keep silent about the Michael Cohen’s in da House show performed on February 27. I was watching it and increasingly fearing for the future of America. We had all been able to read his prepared statement before he opened the party with it, and therefore we all knew there was nothing there. So why did this thing take place, and why were all the cameras

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Feb 262019
 
The Green New Art of the Deal

Leonardo da Vinci Saint John the Baptist 1513-16   There are lots of people talking about how they much disagree with Alexandria Ocasio-Cortez, how silly she is, how dumb and impossible and irresponsible her Green New Deal is, but I think they’re missing a point or two. First of all: what’s the alternative? Who would you trade her for? Hillary? Feinstein? Pelosi? Bernie Sanders? Cory Booker? Would you rather things stay the same? I can see that from the Hillary

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Feb 182019
 
 February 18, 2019  Posted by at 8:20 pm Primers Tagged with: , , , , , , , ,  6 Responses »
What Comes After McCabe?

Johannes Vermeer The art of painting 1666-8   Andrew McCabe, former Deputy Director from February 2016 to January 2018 and former Acting Director of the FBI from May 9, 2017, to August 2, 2017, was fired by Attorney General Jeff Sessions Sessions on March 16, 2018, 26 hours before his scheduled retirement. On April 18 2018 it was reported that the Justice Department’s inspector general, Michael Horowitz, sent a referral to the US attorney’s office in Washington for possible criminal

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Feb 112019
 
The Great Discontent

Johannes Vermeer Woman holding a balance 1662-63     The problem is, of course, that not only is economics bankrupt but it has always been nothing more than politics in disguise. -Hazel Henderson It’s often hard to understand how people can be aware of something but then fail to link it to a perfectly logical next step, or even multiple steps, and see where it fits in a larger scheme. There really are people out there, believe it or not,

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Feb 042019
 
Robert Mueller Is A Coward And A Liar

Rembrandt van Rijn Aristotle Contemplating a Bust of Homer 1653   That statement is going to make me real popular, right? Any criticism of Robert Mueller for many people equals support for President Trump. But it doesn’t, and Mueller really is a coward and a liar, and it’s not hard to make that case, it’s even easier than how he makes his cases, because we can actually prove ours. We also don’t have to pervert the law, but he does.

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Jan 302019
 
Flash-Balls, Pitchforks And A Backstop

Jan van Eyck Madonna and Child at the Fountain 1439 (height: 7.4“, 19 cm)   It’s educational and even somewhat entertaining to observe the role of the western press in the ongoing erosion and demise of democracy in Europe. But while it’s entertaining, it also means their readers and viewers don’t get informed on what is actually happening. The media paints a picture that pleases the political world. And it it doesn’t please politicians to lift a veil here and

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Jan 242019
 
The CIA, Lost In The Orinoco

René Magritte The black flag 1937   One thing I am not is an expert on Venezuela. What I know is the country has the world’s largest oil reserves, mainly in the Orinoco Belt, but they come in a form of tar sands that while they are not as hard to exploit as Canada’s (viscosity), they’re far from easy, and buried deep. And I know Venezuela had Hugo Chávez as its president, who, for a socialist, was quite successful at

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Jan 192019
 
The News About Fake News Is Fake

Johannes Vermeer Girl Reading a Letter at an Open Window 1657-59   In the last few days I was looking around for stories that could illustrate what fake news actually is, and I had a nice collection, but then last night Robert Mueller of all people clarified what exactly fake news is better than I could have. At first the BuzzFeed crew that was caught staring straight into the headlights has a feeble response (what exactly was untrue in our

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Jan 092019
 
 January 9, 2019  Posted by at 7:27 pm Finance, Primers Tagged with: , , , , , , , , , , , , ,  9 Responses »
China Won't Be Taking Over

Pablo Picasso Massacre in Korea 1951   In the New Year, after a close to the old one that was sort of terrible for our zombie markets, do prepare for a whole lot of stories about China (on top of Brexit and Yellow Vests and many more windmills fighting the Donald). And don’t count on too many positive ones that don’t originate in the country itself. Beijing will especially be full of feel-good tales about a month from now, around

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Dec 272018
 
 December 27, 2018  Posted by at 9:25 pm Primers Tagged with: , , , , , , , , , , ,  5 Responses »
2019: Zombie Markets Before The Fall

Francis Tattegrain La ramasseuse d’épaves (The Beachcomber) 1880   I haven’t really written about finance since April of this year, and given recent fluctuations in what people persist in calling the markets, maybe it’s time. Then again, nothing has changed since that article in April entitled This Is Not A Market. I was right then, and I still am. [..] markets need price discovery as much as price discovery needs markets. They are two sides of the same coin. Markets

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