But here’s the obvious thing. Central banks can’t normalize interest rates—-that is, allow the money markets to rise off the zero-bound—-without triggering a violent unwind of the carry trades on which today’s massive asset inflation is built.
What Obama’s war is really about is the capacity of the American Warfare State to co-opt any and all dissenting views and to transform cruel doings from virtually anywhere on the planet into a casus belli.
Unlike banks, Lending Club does not print money into existence nor does it offer loans of mismatched duration.
No matter what your job is, your job is in jeopardy.
by Steven Levy
Siri can’t do anything that coders haven’t explicitly programmed it to do. Viv breaks through those constraints by generating its own code on the fly, no programmers required.
by David Stockman
[The] “failure of capitalism” explanation of the Great Depression is exactly what enabled the Warfare State to thrive and dominate the rest of the 20th century because it gave birth to what have become its twin handmaidens—-Keynesian economics and monetary central planning.
Europe’s senseless fratricide of 1914-1918 gave birth to all the great evils of the 20th century— the Great Depression, totalitarian genocides, Keynesian economics, permanent warfare states, rampaging central banks and the exceptionalist-rooted follies of America’s global imperialism.