On fentanyl, from the comments

I always find it helpful to recall that the US was the not the first country to be hit by fentanyl. Estonia, for instance, had a massive wave of fentanyl deaths that started before the US, without all the US prescription opioid consumption, and peaked sooner. Currently, their opioid supply has moved beyond fentanyl to […]

The Elite Controllers Fear The Individual And Individual Intelligence

Authored by Gary Barnett via LewRockwell.com, This once great country of America has gone through many changes, and these changes, while implemented by the design of its true rulers, are not understood by the huddled masses that have been taught to accept mediocrity as desired normalcy. The ruling class fully understands that the only way […]

Suicide Rates Are Surging Around The World

Yesterday, November 19, was International Men’s Day and in 2019, the theme is “Making a Difference for Men and Boys”. The focus of the day is to “promote the need to value men and boys and help people make practical improvements in men and boy’s health and well-being,” Sadly, as Statista’s Martin Armstrong details in […]

Escobar: Iran's “Only Crime Is We Decided Not To Fold”

Authored by Pepe Escobar via The Asia Times, Just in time to shine a light on what’s behind the latest sanctions from Washington, Iranian Foreign Minister Mohammad Javad Zarif in a speech at the annual Astana Club meeting in Nur-Sultan, Kazakhstan delivered a searing account of Iran-US relations to a select audience of high-ranking diplomats, former Presidents and […]

US-China Exposure Index Signals Next Market Downturn Imminent 

With ‘Not QE’ inflating risk assets and President Trump promoting a non-existent trade deal, something we outlined last week, new evidence is being communicated by various Chinese sources in the previous 24 hours that suggests a deal is unlikely in the coming weeks, and it now might be time for investors to readjust risk-taking behavior.  On Monday […]

Medicare For All Study: 2/3 Of Households Would Be Worse Off

Authored by Mac Slavo via SHTFplan.com, If Democrats get their way and jack up taxes to attempt to cover a “Medicare for All” plan, not only would jobs be lost, but 2/3 of American households would be worse off. A majority of households would end up worse off financially with less disposable income. That’s bad […]

Saks Manhattan Flagship Store Crashes 60% In Value

The value of Hudson’s Bay’s Saks Fifth Avenue flagship store in Midtown Manhattan has more than halved in five years, that is according to a new Bloomberg report.  Filings show the building at 611 Fifth Ave. was assessed for $1.6 billion in 2H19, has plunged by 60% in value since it was last appraised at $3.7 […]

Bleg: Examples of Bad Econometrics to Teach

I’ve been tapped to teach the second course in the statistics/econometrics sequence at the La Follette School. I need examples of excruciatingly bad econometrics to discuss. Please post your suggestions as comments. In 2016, I assigned students to examine the empirical content of “business conditions” indices, like Stephen Moore’s/ALEC Economic Outlook rankings. Some dissections here: […]

Rail Recession: U.S. Carloads Continue Collapse As Manufacturing Slows

Nowhere is the slowdown in the U.S. economy more obvious than in places like Class 8 Heavy Duty Truck orders and rail traffic. We already wrote about how Class 8 orders continued to fall in October and new data the American Association of Railroads (AAR) now shows that last week’s rail traffic and intermodal container […]

A Huge Red Flag? India Shutters Power Plants Citing Lack Of Demand

Authored by Irina Slav via OilPrice.com, Half of India’s power generation capacity using coal and nuclear power is being shut down because of lackluster demand, the Indian Express reports, adding that some of the shutdowns have been temporary, lasting just a few days, but other power plants have been closed for months. Some 65.13 GW in generation capacity […]

#953: Three Sides Of A Car Loan

Enlarge this image Joe Raedle/Getty Images A record seven million Americans are at least three months behind on car payments. That’s when the lender starts thinking about car repossession. Numbers haven’t been this high since the worst of the financial crisis and there are a lot of macroeconomic explanations about why they’re at these levels. […]

SUPD Ep 10 Pete Dominick

Pete Dominick stopped by the office with recorders and mikes and cables and other paraphernalia. We chatted a bit about my process, how I spend my work day, and what I am looking at. I am not sure if its the sort of stuff anyone else cares about, but Pete is always fun and revealing […]

Fund investors continue retreat from U.S. stocks

FILE PHOTO: Street signs for Broad St. and Wall St. are seen outside of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors pulled approximately $3.4 billion out of mutual funds and exchange traded funds that hold U.S. equities last week, extending the […]

Problems with the TFP concept, from my new paper with Ben Southwood

Here is another excerpt from “Is the rate of scientific progress slowing down?”: First, many scientific advances work through enabling a greater supply of labor, capital, and land, and those advances will be undervalued by a TFP metric. Let’s say someone invents a useful painkiller, and that makes it easier for many people to show […]

2:00PM Water Cooler 11/20/2019

By Lambert Strether of Corrente. Patient readers, more in a bit. I got a late start, and then got wrapped around the axle on the latest impeachment stuff. –lambert UPDATE All done! Hat tip to alert reader Wukchumni for the capsule summary of pilot episode for the new FOX TV Series OK, Boomer, and to […]

Family Office Capital Allocations

I’m fascinated by these sorts of allocation studies. They tend to be over broad and not necessarily reflective of all family offices, but at least its a starting point for discussions. This allocation below is a mixed bag of some intelligent decision-making by very wealthy people who are looking for long term places to park […]

FBI Wants To Speak With Trump-Ukraine CIA Whistleblower

The FBI has reached out to an attorney for the Trump-Ukraine whistleblower reported to be CIA analyst Eric Ciaramella, who filed a complaint over President Trump’s July 25 phone call with his Ukrainian counterpart, Volodomyr Zelensky, according to Yahoo! News.  The move came after a vigorous internal debate at the agency over how to proceed […]

Devin Nunes Exposes The Democrats' 10 Most “Outlandish” Trump Conspiracy Theories

“In their mania to attack the president, no conspiracy theory is too outlandish for the Democrats.” Those were the ‘fighting’ words of a clearly frustrated Rep. Devin Nunes as he addressed the American public ahead of today’s latest round of farcical impeachment circus shenanigans. With Democrats yawningly repeating endless hearsay and opinion as ‘fact’, Nunes […]

Campus 'Inclusivity' Training: “If You're Breathing, You're Biased”

Authored by Daniel Payne via The College Fix, Diversity training at a prominent Christian university seems to suggest that merely being alive is enough to qualify one as biased… Baylor University’s Equity Office recently offered a training session called “If You’re Breathing, You’re Biased.” The event, which was held last Wednesday, was styled as an “introductory workshop […]

My podcast with Shaka Senghor

Here is the audio and transcript, this was one of the “most different” Conversations with Tyler and also one of the most interesting.  Here is part of the summary introduction: Shaka joined Tyler to discuss his book Writing My Wrongs: Life, Death, and Redemption in an American Prison, what it was like to return to […]

WTI Jumps Back Above $56 After Smaller Than Expected Crude Build

Oil prices are rebounding modestly this morning after the biggest drop in seven weeks yesterday and following weakness (to a $54 handle for WTI overnight) after last night’s bigger than expected API-reported crude build. “Refineries should show more progress and be further back on online,” says John Kilduff partner at Again Capital in New York. “Then, we […]

Absurdity Spewed From Market Peaks: “Investors Should Check Their Brains At The Door”

Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, A recent article by James Deporre at thestreet.com asked Will Powell’s Remarks Push the Algos to Make a Move? Deporre’s article is a recap of a day’s market events beginning with Jerome Powell’s recent testimony to Congress. He suggests that what matters are not Powell’s words, but whether computerized […]

How Neoliberal Thinkers Spawned Monsters They Never Imagined

By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Political theorist Wendy Brown’s latest book, In the Ruins of Neoliberalism: The Rise of Antidemocratic Politics in the West, traces the intellectual roots of neoliberalism and reveals how an anti-democratic project unleashed […]

Eliminate Journal Formatting on First Submission!

Many years ago I was incredulous when my wife told me she had to format a paper to meet a journal’s guidelines before it was accepted! Who could favor such a dumb policy? In economics, the rule is you make your paper look good but you don’t have to fulfill all the journal’s guidelines until […]

Links 11/20/19

Feral Horses Helping Restore Butterfly Habitat Ecowatch (Glenn F) This is a picture of a stag found yesterday on the West Coast of Jura, covered in plastic from the beach. #notoplastic #wildsideofjura pic.twitter.com/Bz4aYY9gSE — wildsideofjura (@wildsideofjura) November 14, 2019 Global heating supercharging Indian Ocean climate system Guardian (resilc) People Are Having Sex With 3D Avatars […]

Lowe's shares jump after earnings top estimates despite revenue shortfall

Lowe’s on Wednesday reported quarterly earnings that beat analysts’ expectations and raised its forecast for the year, even as revenue fell short of projections. Shares rose more than 5%, hitting a new 52-week high, as investors took the second-straight quarter of better-than-expected results as a sign it is executing its turnaround plan under CEO Marvin […]

Equities back in favor for sovereign investors in third quarter

LONDON (Reuters) – Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to eVestment data. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, […]

Progress Studies tranche of Emergent Ventures

Due to a special grant, there has been a devoted tranche of Emergent Ventures to individuals, typically scholars and public intellectuals, studying the nature and causes of progress. Here are the winners of those awards so far: Pseudoerasmus, for general excellence and his on-line writings on progress and development. He has donated the funds to […]

Under Swollen Tides, Venice Says More About Our Future Than Our Past

Yves here. Venice illustrates a problem that climate change will force individuals and societies to confront: What will we try to save, and what will we decide, deliberately or via neglect, to sacrifice? And this isn’t just our cultural legacy, but cities, populations, even species. From a related post on Venice at Grist: Saltwater rushed […]

What Will Happen In The 2020s? (Spoiler Alert: Nothing Good)

Authored by ‘Lance Welton’ via VDare.com, Peter Turchin And The Coming Crisis Of The 2020s Increasingly, social science is dominated by Leftist ideologues who use the remaining respect that academia still has among the public to inculcate students and public alike with their equalitarian dogmas. But there are honorable exceptions. One of these: Peter Turchin, a Russian who is professor of […]

China 'Mega Dump' Full Of Trash 25 Years Ahead Of Schedule

A ‘mega dump’ in China has reached capacity 25 years sooner than anticipated after receiving far more trash per day than originally planned, according to the BBC. The Jiangcungou ladfill in Shaanxi Province – around the size of 100 football fields, was designed to accept 2,500 tons of trash per day. Instead, it received 10,000 […]

Six Conflicting Global Projects

The six major world powers approach the reorganization of international relations according to their experiences and dreams. Prudently, they intend to defend their interests first before promoting their vision of the world. VoltaireNet.org’s Thierry Meyssan describes their respective positions before the fight begins. The US withdrawal from Syria, even if it was immediately corrected, indicates […]

For Christmas This Year, Teens Want Apple, Nike, And Louis Vuitton

According to a new survey from Piper Jaffray, Apple, Nike and Louis Vuitton could be the big winners with teenagers this holiday season. And why wouldn’t teenagers, most of whom likely don’t work for a living, ask for luxury brands on the one day of the year where they are gifted things without regard for price? Piper […]