For less than $1 thousand a pop, Ukrainians are taking out Russian tanks costing $3 million. For less than $300 thousand a pop, they are taking out Russian warships costing $ billions. Ukraine is doing these things with homemade cardboard drones, store-bought drones, and their roll-your-own mostly-submerged drones. Ukraine’s TLK-150 and TLK-400 submersible drones with 700-1200 mile ranges and up to 500 lb payload cost around $250k apiece. One US...

Causal inference — Fisher vs. Neyman (student stuff) .[embedded content]

from Blair Fix The rich get richer. It’s a phrase that packs a lot of punch. It’s potent rhetoric, yet surprisingly accurate at describing how rising inequality plays out. Of course, there’s nothing inevitable about the rich getting richer. We just happen to live in an age of growing corporate despotism. And our friends at Forbes have been there to document the disease. Forbes. Forbes who loves the free market. Forbes who loves obscene wealth. Forbes … the unwitting social scientist?...

Details of the world's lithium reserves and the lithium market. US/Russia competition is not the central focus.Dances with BearsKick Start Or Kick Over — Can The Us Defeat Russia In The Lithium Battery War?John Helmer

It’s always an understanding of the macro environment that will tell you what to do and when to do it. 

Consumer spending holds up well in August, despite ending of disinflation  – by New Deal democrat  As I have repeated for the past several months, in the current economy the personal spending and income report is just as important as the jobs report. That’s because, despite the downturn in manufacturing production and many parts of the housing market, consumer spending especially on services has continued to power the economy forward....

failure of socialism.

The New Yorker has an interesting article by Manvir Singh about fad diets, with a focus on all-animal diet as ostensibly the diet best suited to our species. A character who brands himself “The Liver King” specifically endorses grassfed beef liver. The paleo diet industry insists that humans evolved to kill animals and devour their tissues and organs, eating plant matter in desperate circumstances.In reality, the best research we have suggests that...

I am struggling with thoughts about status quo bias. I see many issues where a proposal to do something new is subject to severe scrutiny which is not applied to the implicit proposal to keep doing what we have been doing. The logic is small c conservative — better to stick with what we know than to take a chance. In many critically important cases, this makes no sense, as we are not in a steady state and things won’t stay the same (being what we...

Debt or Destruction Our Choice