Here’s the second batch of answers from the Ask Me Anything. If you missed part 1 you can catch it here. Topics include Bitcoin, ESG investing, the debt ceiling, the death of 60/40 and more. I hope you enjoy this and if you do please like and subscribe to the YouTube channel and we’ll do more videos in the future. Video chapters: 00:00 Introduction 00:20 How should we think about Bitcoin? 02:48 Is the debt ceiling a legitimate default risk? 05:45 What’s your...

“What the data says about gun deaths in the U.S.,” by John Gramlich a[[ears to be an open-ended study. It does not condemn any particular weapon, style of weapons, or bullet-spewing weapons in general. I find it curious the author does not take a closer look at the assault weapons used today which are found to have killed multiple people in any one instance. Are we still at the stage of seeing the worst to come with these? What he does say is all...

from Gregory A. Daneke  Given the numerous disasters exhibited of late involving Mainstream Economics, various heterodox economists have called for much greater consideration of ecological processes (both natural and social, see Fullbrook & Morgan, 2001).  Such processes, in turn, have become increasingly illuminated through the burgeoning science of complex adaptive systems (e.g., Preiser, et al, 2018). What some of these earnest observers fail to fully appreciate, however, is that...

The problems that economists encounter when trying to predict the future really underline how important it is for social sciences to incorporate Keynes’s far-reaching and incisive analysis of induction and evidential weight in his seminal A Treatise on Probability (1921)....Lars P. Syll’s BlogEconomic forecasting — why it matters and why it is so often wrongLars P. Syll | Professor, Malmo University

Economic forecasting — why it matters and why it is so often wrong As Oskar Morgenstern noted in his 1928 classic Wirtschaftsprognose: Eine Untersuchung ihrer Voraussetzungen und Möglichkeiten, economic predictions and forecasts amount to little more than intelligent guessing. Making forecasts and predictions obviously isn’t a trivial or costless activity, so why then go on with it? The problems that economists encounter when trying to predict the future...

.[embedded content] Un viaggio in fondo ai tuoi occhi “dai d’illusi smammai” / Un viaggio in fondo ai tuoi occhi solcherò / Dune Mosse … Dentro una lacrima / E verso il sole / Voglio gridare amore  / Uuh, non ne posso più  / Vieni t’imploderò / A rallentatore, e … / E nell’immenso morirò! … Un’opera d’arte. Meravigliosa!

In the real world, if someone spends more money than they make, they run a deficit. Income – Spending = Deficit. Accumulatively, deficits become debt. In order to avoid the accumulation of debt; they need to either reduce spending, increase income, or both; a lessening of income would require a reduction in spending, an increase in spending would beg an increase in income, and so forth. Governmentally, spending stays spending and income becomes...

What to watch most for in this Friday’s jobs report  – by New Deal democrat After a two week drought, this week a plethora of economic stats get reported. Most importantly for my purposes that includes house prices, construction spending, the ISM manufacturing report, and of course on Friday nonfarm payrolls. Speaking of which, 3 of the 5 short leading indicators that haven’t rolled over yet are included in the jobs report – construction and...