Saturday, January 23, 2021

2:00PM Water Cooler 1/20/2021

~ Today’s Water Cooler, featuring the Biden inaugural ~

Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control

Not your grandmother’s “yield curve control.” Only one thing that could force this ECB absurdity to end: a big bout of inflation.

Links 1/20/2021

The CDC’s Mission Impossible

Sadly, the CDC’s new head does not look up to turning around the agency, even before getting to bizarre plans to expand its mission.

Wikipedia: The Overlooked Monopoly

Low-quality anonymous “editors” combined with a Google tie-up turned an interesting experiment into an overlooked but destructive monopoly.

The American Rescue Act: Do Whatever It Takes

The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.

2:00PM Water Cooler 1/19/2021

By Lambert Strether of Corrente. Bird Song of the Day Sadly, the state bird of Delaware, the Blue Hen, is not a distinct species. #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. I feel I’m engaging in a macabre form […]

“They Left Us Starving”: How the Fashion Industry Abandoned Its Workers

Yves here. Many associate sweatshops in Sri Lanka and Bangladesh with “fast fashion,” aka the close-to-disposable frocks made by the likes of H&M. As this article explains, the use of ultra-cheap labor extends much further up the fashion food food chain. And these poorly-paid workers get thrown to the curb when orders fall off. By […]

Links 1/19/2021

Perhaps It’s Time to Start Worrying About Italy Again

The causes for concern surrounding Italy are growing, even as the ECB keeps a tight lid on its bond yields, pushing its debt servicing costs lower as its debt explodes higher.

The Pain of Service Crapification

How Covid is extending the reach of crapification.

Will North Korea Explode After Biden Becomes President?

North Korea is in even more of an economic mess than before. Will that lead to more brinksmanship?

The Class Composition of the Capitol Rioters (First Cut)

A self-funded, petite bourgeoisie riot?

2:00PM Water Cooler, Martin Luther King Day 2021

~ Today’s Water Cooler ~

Why Martin Luther King Day Should Matter

Martin Luther King, Jr.’s true legacy.