Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Memetrics
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | |
| S&P futures | 3648 | -55.3 |
| Oil (WTI) | 47.17 | -2.34 |
| 10 year government bond yield | 0.91% | |
| 30 year fixed rate mortgage | 2.78% |
Stocks are lower this morning on news of a second strain of COVID in the UK. Bonds and MBS are up.
Congress came to an agreement on a $900 billion stimulus package, which will send $600 checks to people, and an extra $300 per week in unemployment benefits. Here is a chart to show where the money is going
There is no aid to state and local governments, which the Democrats desperately want. Chuck Schumer is already saying that there will be another stimulus bill when Biden takes office. Much will depend on the special election in Georgia which will determine which party controls the Senate.
The week ahead should be quiet as we head into the holidays. Markets will close early on Thursday and be closed all day on Friday. We will get a bit of housing data with existing home sales, new home sales, and the FHFA House Price Index.
United Wholesale, which is going public via a SPAC, pushed its IPO to January.
Filed under: Economy, Morning Report |
All Things in Moderation 
Don’t just crack open the Overton Window. Dynamite that fucker
https://www.zerohedge.com/political/law-prof-advocates-black-americans-votes-count-twice
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That’s really funny! The last time I recall anyone making a similar if mirror image suggestion it was John Paul Getty when I was in college. He wanted votes to cost money – say a dollar a vote – and let pepole buy as many votes as they could afford.
I laughed then and I laugh now.
Stupid oil billionaire. Stupid law professor.
—Reparations themselves are laughable. All matters of social equity are meaningless based on skin color, turns the phrase into Looking glass upside down Humpty Dumpty. I do think the Bismarckian welfare state overlay to capitalism, based on relative poverty, is rational and not laughable.
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Mark:
Reparations themselves are laughable.
Not so much to your soon-to-be man in the White House.
https://www.washingtonexaminer.com/news/biden-conditions-support-of-reparations-on-provisions-for-native-americans
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Do I think it is less laughable because Biden thinks it should be studied? Nope. I’ll write him a letter, if “the study” ever gets announced.
Gorsuch, as a western American textualist, has actually read a bunch of Indian Treaties and intends to uphold them. Add the new Interior Secretary and that will come ahead of “the study”.
So much money to print! So much land to “return”!
There will be much to watch, I suspect, so ready the popcorn.
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Mark:
Do I think it is less laughable because Biden thinks it should be studied?
No, I think the laughable idea says more about Biden than Biden’s support for it says about the laughable idea. But I suppose YMMV.
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Thank goodness we dodged a bullet with Trump!
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https://justthenews.com/politics-policy/health/blacks-hispanics-prioritized-over-whites-covid-19-vaccine-rollout-report
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https://www.thecollegefix.com/bulletin-board/seattle-trains-teachers-to-believe-schools-murder-the-souls-of-black-children/
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https://hotair.com/archives/jazz-shaw/2020/12/21/child-rapist-receive-taxpayer-funded-transgender-surgery-prison/
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Seattle is lost. That city is going to become an unlivable hellhole. While not a big fan of secession there is an argument for excision, as one might a cancer. Alas there may have already been too much spread!
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Fine, don’t care. It’s one of those cases where I’m like: “Oh. Well. Carry on, then.”
Wonder if they are going to prioritize informing blacks and Hispanics that sugar is basically a metabolic poison in the quantities we consume it and suggest they stop. Probably not. Why prioritize something that ends up being a contributor to death for 60% of a population when you can focus on something that is fatal to .01% of the population.
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Totally smart play by Republicans.
https://www.breitbart.com/entertainment/2020/12/21/coronavirus-relief-bill-makes-illegal-streaming-a-felony/
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Totally smart play by Republicans.
I don’t get it.
If I was Trump, I would have told the Chinese you an pirate all the entertainment you want and I won’t lift a finger to stop you.
Just buy some $X of American manufactured products.
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It’s the industry that hates Republicans. It’s nuts. They deserve what they get.
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Trying to open to door for reparations. I just don’t see a way that works out. Not to mention, it’s DC. “Reparations” will be giveaways to special interests with a tiny payment to favored races while the bulk of the money goes to “programs” to “help” minorities that have suffered due to institutional racism. So they’ll validate the idea that America is a racist country built on slavery, while lining the pockets of themselves and their friends while play-acting that they are doing something for said minorities.
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You saw the pieces from the NYT that I posted yesterday about distributing the vaccine based on race?
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Yep, Joe. That will happen as soon as hell freezes over, as well. It is as amazing to me what lefties think as what righties think. Rosanne and I are both getting ready to criticize everything from a new perspective.
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Mark:
It is as amazing to me what lefties think as what righties think.
What policy proposal from the right do you find to be the “amazing” equivalent to the proposal that a covid vaccine should be distributed on the basis of race? And where was this proposal put forward?
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This is actually a good question in terms of policy. I can’t think of specifics from the right, but there have been proposals (with no hope of becoming reality) from evangelicals that have seemed questionable, and over-interest in pornography in the 80s by some folks, The New American Century policy map courtesy of Bill Kristol–although he’s now a lefty (without having changed his support of Endless Wars) so maybe that doesn’t count.
Some DC politicians are kind of nuts, irrespective of party. I can’t think of a specific example but I feel like I’ve heard a few of them come up with some whacky ideas.
That being said, they’ve apparently signed on to the COVID relief bill which is almost entirely giveaways, and mostly to lefties, to avoid looking impotent to low-information voters. Not exactly a crazy policy proposal but also not exactly breathtaking or inspiring in its supposed “pragmatism”.
Not a fan of the patriot act. But most of the stuff that is kind of bad from the right, IMO, comes from the NeoCons who immediately became NeverTrumpers so . . . eh, I dunno.
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“That will happen as soon as hell freezes over, as well.”
I think California is looking at implementing it. The justification to avoid a discrimination lawsuit is that COVID already has a disparate impact on minorities.
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I need some adivce from anyone with DC conncections:
Any word on whether the US is planning further travel restrictions from the UK given this new super-scary covid “mutation” that has everyone’s panties in a twist? Two of my daughters are currently here in the UK with us for Christmas, and scheduled to return to the US on Jan 4, but I am wondering if I should be getting them earlier flights back.
My initial thought was that, since it is already the case that only US citizens can travel to the US from the UK, the only people they will be restricting would be US citizens, and I doubt they would do that. As far as I know, all existing travel restrictions into the US all have exemptions for US citizens. But I did hear that some people, most notably Emmy-award-winning actor Andrew Cuomo, are asking the Admin to ban all flights from the UK, so now I am a bit more concerned. Any stateside insights, and especially DC insights, would be much appreciated. Thanks!
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Just what’s been published publicly.
https://www.washingtonpost.com/health/us-officials-debate-travel-bans-as-coronavirus-variant-spreads-in-britain/2020/12/21/8f3f5c8a-43c9-11eb-a277-49a6d1f9dff1_story.html
NoVA would probably know more.
Edit: The irony abounds:
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Cuomo thinks he’s already president!
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Thanks jnc.
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They say Covid but I’m hearing The Thing.
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