That’s what us Nutmeggers call Fairfield County which is reliably one of the Top Five wealthiest in the United States. As I’ve said before I have a passing familiarity (worked for a long time within a mile of Sandy Hook Elementary). Unlike what you might think, and despite the statistics, there are many areas that …
March 2020 archive
Mar 24 2020
Irrational Exuberance
In “Classical” Economics it’s sometimes called “Animal Spirits” though I prefer the simpler and more direct “Greed”. Hope you’re enjoying your Dead Cat. The Fundamentals haven’t changed a bit (well, except to get worse from both an Epidemiological and Economic standpoint) and Unindicted Co-conspirator Bottomless Pinocchio may have queered the incipient deal on Stimulus (which …
Mar 24 2020
Well, this was inevitable.
I’ve worked events like this and it costs an enormous amount of money to postpone them. At the same time who would want to go or participate? I’ll admit getting to hit on Gymnasts is an attraction. Japanese prime minister says IOC has agreed to postpone Tokyo Olympics By Adam Kilgore, Rick Maese, and Simon …
Mar 24 2020
The Breakfast Club (Simple Logic)
Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:00am (ET) (or …
Mar 23 2020
Krugman: Say NO To Corporate Slush Fund
New York Times Nobel winning economist Paul Krugman has a lengthily tweet thread slamming the corporate “slush fund” that Republicans are pushing in the two trillion dollar bail out bill. First, beware analogies with 2008. There are some parallels, but this time the epicenter of crisis is NOT in the financial sector — and the …
Mar 23 2020
Pondering the Pundits
Pondering the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news media and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important. Thanks to ek hornbeck, click on …
Mar 23 2020
Opportunity Lost
You know, sometimes I get the impression that people don’t appreciate the punniness of my titles, not that this one is particularly deep. It is of course a play on “Opportunity Cost” which is the price you pay for wrong or in action, as opposed to Milton’s Paradise Lost. Cody Johnston
Mar 23 2020
The Breakfast Club (One Promise)
Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:00am (ET) (or …
Mar 23 2020
Dow Be Down, Do Be Do Dow Down
Dow Be Limit Down, Do Be Do Dow Down. C’mon, that’s punny. Just to repeat the mechanics, Futures are limited to a 5% loss. If there are no bids above -5% Trading halts until there is one. In the Market there are Breakers at 7%, 13%, and 20%. 15 Minute Halts at -7% and -13%, …
Mar 22 2020
Rant of the Week: Nurse In Tennessee – Stupid People
After getting off from her shift at a Tennessee hospital, this tired nurse went to the grocery store, much to her dismay and our Rant of the Week. This lady is a nurse in Tennessee. She just left the grocery – it’s chaos – and she’s tired. “Y’all, there are so many stupid people in …