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Maddening Numbers

The way in which the media and policymakers are using the numbers on coronavirus approaches insanity. Most of the numbers published are about as credible as Trump’s estimates of the size of his inaugural crowd. Absolutely no one with any expertise believes that China has only 80,000 cases o...

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Deep Past
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Winds of Change
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Afterword to the softbound edition.


The Octopus and the Orangutan
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The Future In Plain Sight
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The Parrot's Lament
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Silent Partners
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Affluence and Discontent
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The Alms Race
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Apes, Men, & Language
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THE DECADE IN ONE PAGE


Friday December 04, 2009

Eugene Linden • STOLEN PRESIDENTIAL ELECTION! (DEFINITELY – FLORIDA!) • TECH BUBBLE BURSTS, CREDIT BUBBLE BEGINS • 9/11 • INVADE WRONG COUNTRY, FAIL TO CATCH/KILL PERPETRATORS OF 9/11, SPEND $1-2 TRILLION WE DON’T HAVE, AMERICANS URGED TO FIGHT TERRORISM -- BY SHOPPING! • TORTURE – YES! GENEVA CONVENTION – NO! HABEUS CORPUS – HABEUS SCHMORKAS! BILL OF RIGHTS -- PABLUM FOR PUSSIES WHO LIKE TERRORISTS • GLOBAL WARMING? THAT’S FOR PUSSIES TOO! • SUBPRIME FOR ALL • FINANCIAL INDUSTRY HEARTS LOAN PACKAGING; SELLS PACKAGES TO ASIANS, EUROPEANS, PENSION FUNDS -- AND EACH OTHER • RISING HOME PRICES MAKES EVERYONE’S CREDIT BETTER THAN AVERAGE! • STOLEN PRESIDENTIAL ELECTION? (MAYBE – OHIO?) • BORROWERS GONE WILD – EVERYBODY JOINS THE CREDIT BINGE; RISK - WHAT RISK? LEVERAGE = $$$! SAVINGS – WHY? • GLOBE WARMS, NATIONS DITHER • “YOU MEAN I HAVE TO PAY THIS MORTGAGE?” • “MY MONTHLY PAYMENT GOES TO WHAT?” • CHINA! OTHER BRICS TOO! ICELAND – GOOD! IRELAND- GOOD! • HOME PRICES STALL; SUCKERS WHO BOUGHT SECURITIZATIONS GO ON STRIKE. • AUG 2007 – CREDIT CRUNCH LITE • NOV 2007 – DOW AND S&P NEW HIGHS! ONE MONTH LATER – RECESSION! • BEAR! LEHMAN! AIG! TOO BIG TO FAIL! REPUBLICAN PRESIDENT SHOVELS MONEY AT BANKERS, NO SURPRISE. • AMERICA VOTES FOR CHANGE! • AMERICA GETS OLD ECONOMIC TEAM, OLD IDEAS. DEMOCRATIC PRESIDENT SHOVELS MONEY AT BANKERS – BIG SURPRISE! • UNEMPLOYMENT, CREDIT CRUNCH, DELEVERAGING! • PEAK EVERYTHING! • ICELAND-BAD! IRELAND –BAD! ALSO LATVIA, GREECE, DUBAI, ETC. • GLOBE WARMS, NATIONS DITHER • RIP: EMH, SHADOW BANKING, NEWSPAPERS/PUBLISHING/PRINT, THE GOOD LIFE…

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Short Take

A Glimmer of Hope in the Coronavirus News?

I’m usually the most apocalyptic guy in the room, but, maybe, there’s a glimmer of hope in the latest news on the coronavirus. If it’s been circulating in Washington state for several weeks, it’s probably also been circulating in a few other states for weeks as well. And if there hasn’t been a big spike in visits to emergency rooms with respiratory ailments (and I have not read about such), it may well be that the virus is already widely spread in the U.S., but not hitting Americans as hard as it has populations elsewhere. If this turns out to be the case, the difference might be that there are far fewer smokers in the U.S. than in China, South Korea, Japan and Italy, and that the air is far cleaner in American cities than in China’s. 

We’ll find out in the next few weeks whether Americans are better able to withstand the disease. There remain major unknowns about coronavirus; nor do we know how hard the virus will hit the elderly and infirm. Still, this latest news could be a positive. 



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