Election as the ultimate manosphere movie.
Don Boudreaux hilariously points out that monkeys don’t have income inequality.
Dumb story that rating agencies are ‘wary of GOP debt limit bill’/prioritization. Not because it will make the US any more likely to default, but, just, because they’re ‘wary’. Silly me, I thought a credit rating was supposed to be a gauge of the likelihood of actual default. Prioritization is not default, so what do they care? I chalk it up more to the spin of the journalist doing the story than anything the ‘credit raters’ themselves said.
Overrated, irritating-film filmmaker Danny Boyle laments that the ‘Pixarification of movies’ wipes out adult storytelling. You know, like in The Beach, where Leonardo DiCaprio discovers a free-love island paradise. Or Millions, where a little kid finds a million pounds or something and (I actually forget, but it sure was colorful!).
Congrats to sometime/onetime RWCG reader Xamuel for finishing his PhD.
On Syria, I can only say I find it troubling whenever I am on the same side as Daniel Larison.
The American hiring paradigm is broken. Must be due to all those immigrants with job offers we’re keeping out.
Can you do the Sambola?
SB7 explains that socialism is socialism.
Brilliant investor genius Warren Buffet’s $600 million interest-free taxpayer loan. But he wants to raise taxes on (mostly) people with less money than himself, so he’s a good guy.
Blogs & Chop’ts Economy update: Yglesias says immigrants create jobs because of all the Spanish-language Cosmo’s you can sell to them, or something.
Rule Of Law update: Matt Levine tells a weird story of Chesapeake neglecting to call some bonds in time per the docs, but a judge saying it doesn’t matter what the docs say it just matters what the bankers & Chesapeake intended them to say in their private discussions. At least it sure sounds like that’s what happened, which (if so) is BS.
Understandably, some people are ready & eager to sign up to be on the health-care welfare rolls, and don’t understand why some taxpayers aren’t that thrilled about having their paychecks further garnished in order to give them welfare. It’s so hard to understand because them being-given-money is great so what’s the problem.
What financiers do, in terms a lefty can understand: “They’re community organizers.”
I had never noticed that Riker sat this way:
I’ve never been any kind of pro-Apple cult member but the ongoing weird campaign to make Apple seem to be in trouble and (over)read tea leaves to that effect seems really weird to me. UPDATE: Another example. It’s so weird! Someone must own a lot of puts or something.
Ex-Citi traders could make millions thanks to Volcker Rule. Nice job ‘reformers’!
The bank-run excuse for bailouts was bullshit.
Mark Hamill LOL:
Regarding the twist at the end of the tale that Leia is actually Luke’s sister, Hamill suggested as an alternative: “Why not have Boba Fett remove his helmet, shake out some beautiful hair, and…Oh my god, it’s mom! She’s been a double agent all these years!”
I have to admit, it’s true, I never really have understood ‘the’ carry trade.
Danko Jones: no such thing as a musical ‘guilty pleasure’. I guess that means I can pull by Best of the Brady Bunch album out of storage. Maureen McCormick was an underrated singer you know.
As everyone knows, Canada does everything right, financial-regulation-wise, on account of how they’re kinda-sorta French. Meanwhile, no-down mortgages still exist.
Brad DeLong makes an interesting comparison/contrast of the dynamics of the London Whale to Ben Bernanke, in a post only really marred by odd typos and repeatedly referring to the CDX index as “CBX”. The main reason I link it though is because the basic story outline he paints of what happened in the London Whale trade is essentially the same one I diagnosed here in this space last year, a few days after the story broke. Has that diagnosis really now become such conventional wisdom that even Brad DeLong goes with it? Because I don’t ever seem to have gotten the credit for it. Credit! I want credit! Leave your credit in comments,
(UPDATE: To illustrate why I’m so surprised that Delong’s (i.e. my) narrative of the London Whale trade dynamic seems to have become conventional wisdom, let’s just flash back to 4/18/12 when Jesse Eisinger called my explanation/reaction cynical. But now it’s essentially the same as that of Professor J. BradFord DeLong.)