Sometimes when we post a comment, in this here blog, we get a second date stamp just below the first one. I believe Althouse referred to them as "ghosts".
That reminded me of an old video (1 year ago by a top tier YouTuber) that mentions our ghosts in the common context of "dying twice". Once, when we expire, and then again when our name is said for the last time. The video is about our the other "ghosts" which may remain in dozens of ways.
I'm watching "The Paper" from the people who brought us (the American version of) "The Office." It has some funny moments, and some cringey ones. I'm conflicted about how good it may be, but worried that some form of mass hypnosis will get people watching it for another 9 seasons.
The weird thing is that Irish actor Domhnall Gleeson's American voice sounds uncannily like Ron Howard's. He even looks and acts a bit like a caricature of Howard in his younger years. Intentional somehow? Or just accidental?
This isn’t rocket science: tariffs, the Iran war, damage to global trade and key alliances, and a rapidly growing national debt.
Republicans control the White House, Senate and House, yet CBO projects a 5.8% deficit as a share of GDP in FY2026—far above the 50-year average of 3.8%.
It’s a Venn diagram of incompetence, arrogance, narcissism and corruption—with the White House right in the center.
“Hasn't 'Us v Them' done enough damage already?“ It’s dividing us into tribes. Thx for MGTOW channel. There’s a real journey from his first videos to the present.
Funny and also 100% true, IMO. Source in link at end.
We’ve spent most of the last 20 years systematically removing consequences from the financial system. Rates went to zero and stayed there for years. The Fed expanded its balance sheet by trillions. Every major crisis was met with an intervention, liquidity facility, bailout or assurance that policymakers stood ready to keep the machine running. Capital was forced to become extraordinarily cheap, and investors eventually became conditioned to believe it would remain that way. We laughed off our country’s credit downgrades. Economists and analysts turned into total pussies and cowards, crumbling into bits every time the market sold off 5%. Financial projections have turned into Hunter Thompson-esque 3AM drug induced astral projections.
Cheap money does not merely inflate asset prices. It extends the expiration date on bullshit.
If the post 2008 assumption of structurally cheap money is actually dying, then I think markets are about to rediscover something they have not had to consistently deal with in decades: truth.
The reason is simple. Higher rates restore consequences. When investors can earn meaningful returns in Treasury securities and other relatively safe assets, they no longer need to finance every revolutionary dog walking blockchain SaaS platform that comes along. Junk bonds have to offer genuinely attractive yields. Private credit has to compete against liquid alternatives. Venture investments have to offer enough potential return to compensate for years of illiquidity and enormous failure rates.
Suddenly, the hurdle rate exists again.
Companies burning cash discover that capital has a price.
Fraud becomes harder…because fraud loves liquidity. It needs it for sustenance. Liquidity buys time, and a questionable business can survive as long as somebody keeps funding it. Once capital becomes scarce, the runway shortens and the questions become considerably less philosophical. Where is the cash? Who owes whom? What is the collateral actually worth? Can you refinance this? Why does EBITDA never turn into free cash flow? Why are you issuing stock every quarter? Why does every supposedly temporary adjustment show up again next year?
Why, exactly, does this multi-billion dollar company make no fucking money?
Maybe markets were not permanently broken. Maybe money was simply too cheap for truth to matter.
If the cost of capital is finally normalizing for good, we are going to find out. After two decades of narratives, adjusted earnings, financial engineering, extend and pretend financing, imaginary valuations, unprofitable bullshit and seemingly endless supplies of money, we may finally get to see what is actually standing behind the curtain.
"Once, when we expire, and then again when our name is said for the last time. "
This reminds me of a large Mormon project that aimed to collect the names of as many deceased people as possible from all over the world in a database.
"Republicans control the White House, Senate and House, yet CBO projects a 5.8% deficit as a share of GDP in FY2026—far above the 50-year average of 3.8%"
.https://fred.stlouisfed.org/series/fyfsgda188s
Why do you feel the need to be so disingenuous about this? You know damn well that the reason the federal deficit is so high is the $6 Trillion that was pumped out in the last 6 years. And the current percentage is well below the 14% it was during the Biden administration. And the 20 year average is 5.7%. None of this is good, but lying about it is pure propaganda.
Isn't it adorable how the left demand a 73 trillion dollar Soviet Canadian wait in line to die health care system - but they pretend to care about the current deficit.
“Muslims have finally cracked the code on the West”; For Islam, “Socialism Is THE Trojan Horse” to power — Larry Taunton’s September 11th keynote address.
X
Oh no! That should be banned according to IM TAY, Obama (D) and the creepy leftist anti free speech twit who runs the UK.
A truly depressing new poll and analysis. The majority of likely American voters now believe that the Democrats are better at protecting our national security than Republicans.
The COVID-era deficits absolutely contributed to today’s debt, and I’m not claiming otherwise. But that’s not an explanation for today’s annual deficit.
The 14.7% figure you’re citing was FY2020, followed by 12.1% in 2021. The deficit then fell substantially, but was still 6.4% of GDP in FY2024 and 5.8% in FY2025. CBO now projects another 5.8% deficit for FY2026. https://www.cbo.gov/publication/60843/html
And the relevant comparison I cited is CBO’s 50-year historical average of 3.8%, not a 20-year average. CBO explicitly describes today’s deficits as large by historical standards. https://www.cbo.gov/publication/62105
So no, I’m not saying Republicans created the entire national debt. I’m pointing out that with Republicans controlling the White House and Congress, the federal government is still running a deficit roughly 50% larger than the long-term historical average—and CBO projects it will grow from there.
Please use the comments forum to respond to the post. Don't fight with each other. Be substantive... or interesting... or funny. Comments should go up immediately... unless you're commenting on a post older than 4 days. Then you have to wait for us to moderate you through. It's also possible to get shunted into spam by the machine. We try to keep an eye on that and release the miscaught good stuff. We do delete some comments, but not for viewpoint... for bad faith. Also: No italics, even briefly. Use asterisks for emphasis. And don't play with the format by changing fonts or using boldface or all caps. Never include more than one extra line break between paragraphs.
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23 కామెంట్లు:
Best pictures ever, ann.
You really are getting practiced at nailing the shot.
Good grrl. Thank you for sharing your homemade art
The second pic screams “Preach, Maestro, Preach!”
Sometimes when we post a comment, in this here blog, we get a second date stamp just below the first one. I believe Althouse referred to them as "ghosts".
That reminded me of an old video (1 year ago by a top tier YouTuber) that mentions our ghosts in the common context of "dying twice". Once, when we expire, and then again when our name is said for the last time. The video is about our the other "ghosts" which may remain in dozens of ways.
YouTube: All The Ghosts You Will Be
He gets to the point of the video (about 20 minutes) in a way that confirms his hypothesis?. Hint: Remember The Althouse vortex?
Got the kids out with me this morning for our run.
The sunrise down here wasn't that pretty. The air is clear and much drier this time of year but not enough dust in the air for that shade of red.
I'm watching "The Paper" from the people who brought us (the American version of) "The Office." It has some funny moments, and some cringey ones. I'm conflicted about how good it may be, but worried that some form of mass hypnosis will get people watching it for another 9 seasons.
The weird thing is that Irish actor Domhnall Gleeson's American voice sounds uncannily like Ron Howard's. He even looks and acts a bit like a caricature of Howard in his younger years. Intentional somehow? Or just accidental?
The reasons why I felt nudged/pulled to defend the Ramses.
YouTube: Controversial Clip on the Internet Right Now (2d ago)
YouTube: MGTOW
Hasn't 'Us v Them' done enough damage already?
#2 The leaves look like birds in the water. Stand out colors, unlike new movies.
This isn’t rocket science: tariffs, the Iran war, damage to global trade and key alliances, and a rapidly growing national debt.
Republicans control the White House, Senate and House, yet CBO projects a 5.8% deficit as a share of GDP in FY2026—far above the 50-year average of 3.8%.
It’s a Venn diagram of incompetence, arrogance, narcissism and corruption—with the White House right in the center.
“Hasn't 'Us v Them' done enough damage already?“
It’s dividing us into tribes. Thx for MGTOW channel. There’s a real journey from his first videos to the present.
Isn't Ron Howard Ritchie Cunningham?
Also now James Talarico for Senator from TX
Window washers: another endangered occupation.
Funny and also 100% true, IMO. Source in link at end.
We’ve spent most of the last 20 years systematically removing consequences from the financial system. Rates went to zero and stayed there for years. The Fed expanded its balance sheet by trillions. Every major crisis was met with an intervention, liquidity facility, bailout or assurance that policymakers stood ready to keep the machine running. Capital was forced to become extraordinarily cheap, and investors eventually became conditioned to believe it would remain that way. We laughed off our country’s credit downgrades. Economists and analysts turned into total pussies and cowards, crumbling into bits every time the market sold off 5%. Financial projections have turned into Hunter Thompson-esque 3AM drug induced astral projections.
Cheap money does not merely inflate asset prices. It extends the expiration date on bullshit.
If the post 2008 assumption of structurally cheap money is actually dying, then I think markets are about to rediscover something they have not had to consistently deal with in decades: truth.
The reason is simple. Higher rates restore consequences. When investors can earn meaningful returns in Treasury securities and other relatively safe assets, they no longer need to finance every revolutionary dog walking blockchain SaaS platform that comes along. Junk bonds have to offer genuinely attractive yields. Private credit has to compete against liquid alternatives. Venture investments have to offer enough potential return to compensate for years of illiquidity and enormous failure rates.
Suddenly, the hurdle rate exists again.
Companies burning cash discover that capital has a price.
Fraud becomes harder…because fraud loves liquidity. It needs it for sustenance. Liquidity buys time, and a questionable business can survive as long as somebody keeps funding it. Once capital becomes scarce, the runway shortens and the questions become considerably less philosophical. Where is the cash? Who owes whom? What is the collateral actually worth? Can you refinance this? Why does EBITDA never turn into free cash flow? Why are you issuing stock every quarter? Why does every supposedly temporary adjustment show up again next year?
Why, exactly, does this multi-billion dollar company make no fucking money?
Maybe markets were not permanently broken. Maybe money was simply too cheap for truth to matter.
If the cost of capital is finally normalizing for good, we are going to find out. After two decades of narratives, adjusted earnings, financial engineering, extend and pretend financing, imaginary valuations, unprofitable bullshit and seemingly endless supplies of money, we may finally get to see what is actually standing behind the curtain.
https://quoththeraven.substack.com/p/the-free-money-financial-fairy-tale
Nicholas Kristof. OK, yes, LOL. But this showed up a couple days ago. The man has to answer a question or two. Watch him do it:
https://www.powerlineblog.com/archives/2026/09/dog-rape-revisited.php
"Once, when we expire, and then again when our name is said for the last time. "
This reminds me of a large Mormon project that aimed to collect the names of as many deceased people as possible from all over the world in a database.
"Republicans control the White House, Senate and House, yet CBO projects a 5.8% deficit as a share of GDP in FY2026—far above the 50-year average of 3.8%"
.https://fred.stlouisfed.org/series/fyfsgda188s
Why do you feel the need to be so disingenuous about this? You know damn well that the reason the federal deficit is so high is the $6 Trillion that was pumped out in the last 6 years.
And the current percentage is well below the 14% it was during the Biden administration. And the 20 year average is 5.7%.
None of this is good, but lying about it is pure propaganda.
Isn't it adorable how the left demand a 73 trillion dollar Soviet Canadian wait in line to die health care system - but they pretend to care about the current deficit.
https://substack.com/@cavemaneconomist/note/c-332595735?r=2czur
Jacobin magazine has come up with a 400-page (I think) blueprint for bringing socialism to the US. It sells for $29.95. Shouldn't it be free?
“Muslims have finally cracked the code on the West”;
For Islam, “Socialism Is THE Trojan Horse” to power — Larry Taunton’s September 11th keynote address.
X
Oh no! That should be banned according to IM TAY, Obama (D) and the creepy leftist anti free speech twit who runs the UK.
A truly depressing new poll and analysis. The majority of likely American voters now believe that the Democrats are better at protecting our national security than Republicans.
https://www.powerlineblog.com/archives/2026/09/national-security-you-cant-be-serious.php
https://www.powerlineblog.com/archives/2026/09/national-security-you-cant-be-serious.php
Yeah, John Hinderaker doing his Eeyore thing. What a surprise!
Boatbuilder writes: 𝘞𝘩𝘺 𝘥𝘰 𝘺𝘰𝘶 𝘧𝘦𝘦𝘭 𝘵𝘩𝘦 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘣𝘦 𝘴𝘰 𝘥𝘪𝘴𝘪𝘯𝘨𝘦𝘯𝘶𝘰𝘶𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘪𝘴?
The COVID-era deficits absolutely contributed to today’s debt, and I’m not claiming otherwise. But that’s not an explanation for today’s annual deficit.
The 14.7% figure you’re citing was FY2020, followed by 12.1% in 2021. The deficit then fell substantially, but was still 6.4% of GDP in FY2024 and 5.8% in FY2025. CBO now projects another 5.8% deficit for FY2026.
https://www.cbo.gov/publication/60843/html
And the relevant comparison I cited is CBO’s 50-year historical average of 3.8%, not a 20-year average. CBO explicitly describes today’s deficits as large by historical standards.
https://www.cbo.gov/publication/62105
So no, I’m not saying Republicans created the entire national debt. I’m pointing out that with Republicans controlling the White House and Congress, the federal government is still running a deficit roughly 50% larger than the long-term historical average—and CBO projects it will grow from there.
Today's looked better. Am looking forward to the post this evening.
కామెంట్ను పోస్ట్ చేయండి
Please use the comments forum to respond to the post. Don't fight with each other. Be substantive... or interesting... or funny. Comments should go up immediately... unless you're commenting on a post older than 4 days. Then you have to wait for us to moderate you through. It's also possible to get shunted into spam by the machine. We try to keep an eye on that and release the miscaught good stuff. We do delete some comments, but not for viewpoint... for bad faith. Also: No italics, even briefly. Use asterisks for emphasis. And don't play with the format by changing fonts or using boldface or all caps. Never include more than one extra line break between paragraphs.