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    • Five Hundred Million Dollar Negative Yield Bond Issued
      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bond, investors did. But central bank purchases of […]
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Saturday: Get your propers

Sock it to you, sock it to you, sock it to you…


Summer, summer, summer…

Good song. Hot, sunny days, running around Pittsburgh in my cutoffs 1978.


NYTimes had a good article on antifa yesterday. Antifa stands for Anti-fascist. The movement is made up of cells of primarily socialists and anarchists but really, anyone who resists fascism can join.

The difference between antifa and a more peaceful organization like the original Occupy movement is that antifa is not afraid to fight back. And that apparently has the alt-right’s knickers in a twist. They have this notion that lefties are all a bunch of unique and precious snowflakes, wimpy and easy to mow down. They’re not supposed to get up in your grill and hit you with pepper spray.

But this is the way power works. On a scale of 1-10 where 1 is the most passive and 10 is the most aggressive, negotiations are best at levels 4-6. When your adversary goes to 7, you have to go to 7. When they go to 8, you have to go to 8. Escalation has to occur until your adversary gets the point and realizes you can’t be pushed around.

Right wing nuts may find that their right to bear arms comes with a twist. Lefties can buy guns too. Betcha they never thought about that, right? Not saying it’s going to happen but there’s nothing legally to stop it. The left can form its own militias, just like the right.

But Lefties are too squishy, or so they thought. Now the right is whining that the left isn’t being nice to it. What does Atrios call them? Oh, yes, Whiny Ass Titty Babies. (WATB).

Antifa is just following the Chicago Way (metaphorically, of course). And if they manage to scare the crap out of the fascists by just showing up and threatening to go berserk, good.

That’ll learn’em.

Do you really want to get the Nazis?