Is it one of the price indexes that nets out losses? Some price indexes nets out losses to calculate insurance inflation.

Offset by an aging society, even with GLP1s people will still get old, sick and eventually die.

Seems like every economy in the world forgets the second part of the equation of wages must rise to match productivity gains.

It’s called Trumpdontcare it’s just like Obamacare but more people will die earlier.

Eventually it will bottom once it gets to the NPV of future cash flows.

Trump’s Incompetence Leaves Tens of Thousands in Red States Without Power Trump’s administration failed to restore power and services in Red States after severe winter storms, exposing FEMA cuts and misgovernance.

Donald Trump's incompetence leaves tens of thousands of his supporters without power cepr.net/publications...

This is Trump’s A+++++++ economy. I personally prefer Biden’s B rated economy any day, and twice on Sunday.

Home | Mischief Toy Store

Here’s their website, in case anybody needs to do some solidarity toy shopping.

www.mischieftoy.com

It’s not just Somalis a lot of immigrants are conservative, it’s just that R’s can’t stop the bigotry long enough to get their votes long term.

Trump Is Making China Great Again America’s friends and trading partners are running into the arms of our adversaries. What a mess.

Trump has reunited the world—with China.
A parade of foreign leaders is suddenly visiting China after years away. On Friday, Canadian PM wrapped up a Beijing trip, 1st trip since 2017. Korean president was there earlier this month (last visit: 2019); British PM will be there soon (last visit: 2018)

In addition to being a hodge-podge of ideas which either a) already exist; b) don’t exist yet but which wouldn’t accomplish much; or c) don’t exist yet but which would actively make healthcare worse and less affordable than it is today, Trump’s “plan” also has the added feature of not actually being a plan.

charlesgaba.substack.com/p/sigh-ok-a-...

Wonder if I can buy one in Canada then drive it into the States? Even if I have to garage it for a year it would still be a steal.

It’s a real shame because the Lyriq is a great call. However I guess my next electric in maybe 10 years from now will likely be a BYD or another Chinese brand.

Get the never flats more upfront but at least you don’t get surprised 1000 repairs because your tire goes flat.

The Mad King’s Madness Deepens Trump wants war, war and more war – even against Americans

Important Krugman piece on Trump's ICE goon squads attacking the country paulkrugman.substack.com/p/the-mad-ki...

I am impeaching Secretary Kristi Noem, who is an incompetent leader and a disgrace to our democracy.

She wreaked havoc in the Chicagoland area and has brought her reign of terror to Minneapolis. One of her rogue ICE agents shot and killed an innocent woman today. It must come to an end.

The “prosecute the former regime at every level” candidate has my vote in 2028.

Venezuela Will Pay for Its Own Reconstruction From Iraq to Venezuela, history shows oil-rich regime change doesn’t pay for itself—and Trump’s promises look even less credible.

@deanbaker13.bsky.social writes:
*Given the prospect for Venezuela’s oil production and exports, the Bush administration’s pledge that Iraq would pay for its own reconstruction seems far more credible than Trump’s claims about Venezuela*

cepr.net/publications...

Still approval is 20 points too high before he gets impeached.

It will find its bottom once it gets to the present value of expected future cash flows.

Yes let me find the cheapest oncologist, the cheapest neurosurgeon, or the cheapest obstetrics-gyno said no one ever.

She’ll be perfect as a GOP politician.

My point being even in a country that builds 90+% of multi family housing and pretty much everybody you know and around you lives in multi family apartments people still dream of living in single family houses.

Talked to driver in Shanghai, chatted about housing diff between US and China. He asked does US have the same massive 20-40 stories apt buildings? I said yes but not as many as Shanghai. I said most Americans live in SFH, he replied Shanghainese prefers SFH but too expensive for everyday people.

The nefarious forces are kids, if I didn’t have kids I would probably keep living in apartments near the middle of a metro area. However, once I had my children, it was all about yard space, good schools, and therefore suburbs.

That’s good it’s what our Founders intended they want the ambition of Congress to be a check on the power of the President. Working as intended, it shouldn’t have taken this long but at least some in Congress is starting to move towards checking presidential powers.

Even if they were totally transparent it is still impossible. Free markets assume similar/same knowledge and information. However, 1. Most of us aren’t doctors, 2. When we need treatment we are physically and mentally impaired. How can you be an informed consumer under these circumstances?

Tell her that her daughter should intern at the White House and see what her response is. I think it would be telling.

This is why Buffett and Munger never bet short, although when they are bearish they are like 95% accurate according to Munger. The 5% of times that you are wrong, even just timing wise could kill you.

Especially this administration, discussing military plans in a group signal chat, but talking about Epstein files Situation Room. They certainly have their nat sec priorities.