Posts filed under “Politics”

You Are Worrying About the Wrong Things

No, you are not going to die from Ebola.

To quote a wag on Twitter, “More Americans have been married to Kim Kardashian than have died from Ebola.”

But the latest scare does have a small positive: It provides me with yet another opportunity to lecture you about how incredibly dumb your lizard brain is. (It’s also an opportunity to castigate the media for turning a minuscule threat into a full-blown conflagration, but that’s shooting fish in a barrel).

How serious is the danger of Ebola infection?

Despite the nonstop media coverage, it’s important to note that this doesn’t matter to 99.999 percent of Americans. Back in May, we noted the things that are most likely to kill you — or your investments — are not the things most of us typically obsess about.

We fear the awesome predatory perfection of the great white shark, and have made the Discovery Channel’s “Shark Week,” “the longest-running cable television programming event in history.” This seems somewhat disproportionate, given that 10 people a year die from shark attacks — out of more than 7 billion people. If you want to fear a living creature, than logic suggests it’s the mosquito — they kill more human beings than any other animal on the planet. Man, be it through wars or murder or wanton disregard or simple benign neglect, comes in a distant second.

According to the Centers for Disease Control and Prevention, the 10 leading causes of death in the U.S. are heart disease, cancer, chronic lower respiratory diseases, stroke, unintentional injuries, Alzheimer’s disease, diabetes, influenza and pneumonia, kidney disease, and suicide. (That was for 2012, the most recent year we have complete data for.)

We seem to be much more concerned about things like terrorism than we are mundane things like heart disease, cancer or car accidents. Yet those three were in the top 10, while more Americans were killed by toddlers than by terrorists.

 

Continues here

 

 

Category: Investing, Politics, Psychology, Really, really bad calls

Zombie Ideas? Blame the Billionaires…

  “We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes.” -Ned Davis   I began my career in finance on a trading desk. You learn some things very early on in that sort of…Read More

Category: Bad Math, Philosophy, Politics, Really, really bad calls, Regulation

King Dollar vs Euro, Yen Renminbi

click for giant graphic Source: FT   The U.S. dollar is still king of global currencies. The dollar made up 60.9 percent of foreign exchange reserves and was used in 42.1 percent of global payments. Some countries, though, contest how much influence the U.S. dollar really has. The term “exorbitant privilege,” coined by former French…Read More

Category: Currency, Digital Media, Politics

The Origins of ISIS’s Recruits

Source: New York Times

Category: Digital Media, Politics, Really, really bad calls, War/Defense

Scottish Banks Are Voting ‘Nay’

Source: Societe Generale   Albert Edwards, the insightful but not especially upbeat analyst at Societe Generale SA, writes to warn: The sequence of events which might flow from a Yes vote may be as unpredictable and as uncontrollable as those of the late 1980s in Eastern Europe, which led to the ultimate demise of the…Read More

Category: Bailouts, Politics

Presidential Job Creation

Source: The Fix

Category: Economy, Employment, Politics, Taxes and Policy

Movement to Declassify 9/11 Information Gathers Momentum

9/11 Commission Chairs, Congressmen and Intelligence Officers All Call for Declassification The 9/11 Commission Co-Chairs – Lee Hamilton and Thomas Kean – have called for the 28-page section of the 9/11 Commission Report which is classified to be declassified. Kean said that 60-70% of what was classified shouldn’t have been classified in the first place: Congressman Thomas…Read More

Category: Legal, Politics, War/Defense

3 Congressmen Call for Release of Secret 9/11 Documents After Reading Them

All of the Chairs of the 9/11 Commission and the Congressional Investigation Into 9/11 Say It’s “Implausible” that the 9/11 Hijackers Acted Without Government Backing Congressman Thomas Massie read the 28 classified pages of the Joint Intelligence Committee Inquiry into 9/11 (the joint Senate and House investigation into 9/11) and immediately called for them to be released to…Read More

Category: Politics, Think Tank, War/Defense

Why Does the U.S. Support Saudi Arabia, Sponsor of Islamic Terrorism?

Why Does the U.S. Support a Country which was FOUNDED With Terrorism … and Is Still the MAIN SOURCE of Islamic Terrorism Today? America Has Sold Its Soul for Oil A U.S. congressman for 6 years,  who is now a talking head on MSNBC (Joe Scarborough) says that – even if the Saudi government backed…Read More

Category: Politics

Source: Vulgar Trader

Category: Legal, Politics, Really, really bad calls, War/Defense