Friday, May 14th, 2010
Don’t stop.
You have to watch all the way to the end, though, to understand the true weirdness that is going on.
Lady Gaga, Bruce Springsteen, Elton John, Shirley Bassey, Debbie Harry, and Sting, all together, singing Journey’s Don’t Stop Believin
via eric who probably has the good excuse of being a Journey fan back when they were hot and no one new any better. I don’t have an excuses.
Sunday, April 18th, 2010
A.K.A. the most important video you will ever see. And it really is one of the most important. It gives a truly insightful, yet easily graspable understanding of the problems of growth, especially exponential growth.
As an example that all of us can instantly grasp, as computers grow more powerful they also eat more electricity and grow ever hotter. Anyone who’s had a lap-warming session with a laptop knows what I’m talking about. Do you really want that laptop getting any percent hotter every year? Probably not. So yes, growth is a huge issue, especially steady growth. 7% annual growth leads to a doubling every ten years, forever. That means in 20 years it’s a quadrupling, in 30 years an octupling -- ever ten year period uses an amount equal to everything that was used up to the start of that decade, in all of human history.
Definitely something to consider.
He also exposes how data and explanations of data get distorted and misused by media and policy ‘experts.’
Friday, February 26th, 2010
Is fucked.
A picture is worth a thousand words, so I want to end this post with no less than 2000 words.
Now think about how you haven’t heard anyone sounding any alarm bells about this. Think back to the residential mortgage crises. Note that where the chart says 160,000,000 – that’s in thousands, so it’s really 160 billion. Notice how much of the second chart is in “nonaccrual status” – i.e. they’s stopped payin that shit. A good $100 billion of the $140 billion total. And this is before anyone’s heard about it. Do you remember when hearing about the subprime implosion, how big those numbers started out when they were first reported.
These charts are the business equivalent of a bucket of shit heading straight for an industrial 10,000 RPM turbofan. And remember, when they get on TV and assure us that the mess is “contained,” the last mess that they assured us was contained.
Tuesday, February 16th, 2010
