This is the five millionth warning that the Fed will allow inflation. I can't see how, with all the collateral vulnerable to the result of massive inflation, the need to raise rates to stop it. I don't see it. The tantrum boys want it. But, I don't think Fed officials are at all comfortable with it.

Great article, and thoughtful. Certainly we are failing where China is succeeding. That communists can run capitalism better than the capitalists is certainly disconcerting. But it shows the weakness of letting the 1 percent write all the laws. Belt and Road is proof of what I say: talkmarkets.com/.../belt-and-road-the-sri-lanka-china-port

So, China is acting in a countercyclical way unlike the Fed has done all these years. Procyclical Fed behavior has done a lot more damage. China has to keep the factories running.

I know there is a Utopean cult surrounding self driving cars. But they can't see in snow. They can't see where lanes are not strongly drawn. They cannot grasp cones. They cannot make high speed decisions. They cannot even operate at a 4 way stop. They cannot see so much. Humans can see.

But those are narrow uses of AI. There won't be Hal driving on freeways.

Ford said never. Misallocated investment?

Wow, with all due respect, Hal is not on the way. Ford says self driving cars will never able to be fully autonomous. The hype is wearing off but people are still trying hard.

Switching to electric cars will not be popular. There are a few fanatics but they will never be the rage in Las Vegas and many other places. The cheaper hybrids have no punch. Ford says self driving will never really work. The powerful electric cars are too expensive for most. It won't work.

Of course you can't. But Dan, we are the richest nation in the world. We can't fix our potholes. We spend little on education. China brought 500 million people out of poverty. We are richer, and we need to do better.

talkmarkets.com/.../belt-and-road-the-sri-lanka-china-port

I don't consider families to be invaders. If anything, America is financialized, and the nation could benefit from the innovation that immigrants can provide for real world jobs. We can't compete making simple widgets but why not try to educate the immigrants quickly. The government should do this in the national interest.