The Post-Partisan Emporium

  The Two Causes of the Coming Great Depression But the status quo has much to unlearn, and it seems the only pathway to a new understanding is a Great Depression. There are two approaches to analyzing a situation: 1. Choose the desired outcome--generally the one that doesn't require any major changes, sacrifices or downward mobility 2. Identify the initial conditions and systemic dynamics and then follow these to a conclusion back-tested by comparisons with historical outcomes. Our default setting as humans is 1: select the outcome we want and then find whatever bits and pieces supports that conclusion.  Cherry-pick data, draw false analogies--the field is wide open. This is why we get so upset when our "analysis" is challenged:  we're forced to ask what happens to us if our desired outcome doesn't transpire, and since the answer might be something less than optimal, we violently reject any data or analogies that conflict with our carefully curated "analysis

 Speaking of "warring elites"... Light At The End Of The Tunnel? Mark Wauck Clarity appears to be emerging regarding the meaning of the banking crisis. And with that clarity there may be some hope for our future as a nation. The day began auspiciously with a comment from Melinda Romanoff: henry posted these, you know where. Here's my spin: This is trading floor quality distillation. Too good not to share: The Cryptocalypse Chronicles How Everyone Is Getting The Story Of Silicon Valley Bank and Signature Bank Completely Wrong "Beware the ides of March." - William Shakespeare I usually don’t write a new post so soon after the last post but it seemed kind of necessary given the implosion of Silicon Valley and Signature Banks and the potential collapse of capitalism itself. I have watched with increasing alarm as seemingly every reporter on the planet gets the story com… Read more 3 days ago · 17 likes · 1 comment · Michel de Cryptadamus Ryan Grim Jay Powell kicked