El sí de las niñas

 

    El sí de las niñas

Pesach

 

Grand daughter Shack-a-doodle (or is it Shack-a-dude? or Shack-Doo-Doo?)  is always happy and ready to take part in any celebration. Her name in Israel is Shaked (Prunus dulcis, almond tree).  

"Lovely" by Suicidal Tendencies

 Michael Burry's incendiary tweets have piqued the interest of federal regulators, the investor revealed this week. "Tweeting and getting in the news lately apparently has caused the SEC to pay us a visit," the Scion Asset Management boss said in a now-deleted tweet. "Lovely," he continued, adding the hashtag "#nomoretweets." He also linked to the song "Lovely" by Suicidal Tendencies, a hardcore punk band, and changed the header image on his Twitter profile to a pile of bricks.

Burry shot to fame after his billion-dollar bet against the US housing bubble in the mid-2000s was spotlighted in the book and the movie "The Big Short." His Scion fund owned $225 million of US stocks at the end of 2020, including roughly $30 million of bullish call options on both Pfizer and Citigroup, and $20 million in Kraft Heinz calls. 

The investor has used Twitter to warn of speculative bubbles in markets and predict a devastating crash. He's also tweeted criticism of Tesla - which he's short - as well as bitcoin, Dogecoin, Robinhood, and the GameStop buying frenzy this year. On the other hand, he recently praised Volkswagen and said he owned a stake in the automaker's largest shareholder, Porsche SE. Burry signaled he was taking a break from Twitter earlier this month, telling his followers he had made his views clear. His latest tweet suggests he's not planning a return anytime soon.

Our sages said that one should learn on the other's failure, and not on our own. I should stop this public diary, I know. 

Fake Jews

 

The "Second Gentleman" of America celebrated a public Passover without mentioning God - a real miracle. Once more I wonder: What kind of Jews are those people in America? In my opinion they are fake, trying to sell a made up version of them selves. It does not work, even Luther saw through the fake Jews of his time and hated them. 

Bellum Judaicum: Rome Lost

 For 2020 as a whole, Italy’s national statistical agency Istat said there were about 400,000 births, down from 420,000 the year before, while the country recorded 647,000 deaths. Israel registered 180,000 births, meaning that in a generation or so Israel will have half of Italy's population.  Rome erected a pretentious Arch of Triumph, but the Jewish Wars were left inconclusive 2100 years ago, and Hello!  

 We are coming back!

Is the Economy About to Boil?

 

Arnold Kling blogs:

1. During the pandemic, Americans accumulated a lot of paper wealth, as the government printed paper wealth in the form of bonds and the stock market returned to a state of irrational exuberance. This wealth now hangs over an economy with some supply bottlenecks and an Administration that will exacerbate those bottlenecks. (Ed.:Already there is full employment in the USA - salaries will rise).

2. If spending and inflation do pick up, we are going to find that the Fed’s brake pedal does not work. The Fed can try to raise interest rates by, for example, raising the interest rate that it pays on Fedcoin (digital bank reserves). But higher rates will be politically unpalatable, because the interest bill for the government will be too much to bear.

3. As to the question of “overheating,” I think of inflation in terms of phase changes. Just as water changes properties when it boils, an economy changes properties when it goes from low and steady inflation to high and variable inflation. By the time it has changed phases, it is too late to deal with it using mild measures.

... historians will go back and see that in hindsight signs of overheating were evident by early 2021. The digital currency mania will be seen as emblematic of the distortions caused by excessive creation of paper wealth.

Russia sends Message

Massive materiel movements in Krasnodar. American forces in Europe announced potential imminent war - and are in alert. It may develop into the largest conventional confrontation of our times. In the last seven years, Russia and Ukraine have been disputing the Donbass area. Putin tries to rebuild the pre-Gorbachev Union.