Consumer Sentiment & the C.P.Lie
The latest Michigan survey saw 1Y-inflation expectations increase to 3.5% (versus 3.2% expected) and consumer sentiment plunge from 69.1 to 65.6 (versus 72 expected).
We don't need to tell you that this is a bad outright terrible result, but meanwhile the Fed as usual has its blinders on, desperate to explain it away because, after all, "why, at a time of falling inflation, low unemployment, and strong economic growth, do voters appear so unsatisfied with the state of the economy, and in how Biden is handling the economy? Why in particular do voters complain so much about inflation?" (That's a quote)
The first comes from the Richmond Fed, which finds that "consumers whose political party is in office tend to have higher sentiment than those affiliated with the party not in office," noting that "the partisan sentiment gap has widened over time."
The second, much more convincing result, is some research from the Chicago School of Business, which used the pre-1983 CPI that took home prices and mortgage interest payments into account.
"If it still did, inflation would have peaked at nearly 18 percent in late 2022, about double the current CPI measure."
In fact, as the study itself claims, "If we measured inflation as the BLS did in the 1970s, the recent bout of inflation would have been even higher than the worst of the 1970s! It really is as bad now as it was then."
If the CPI were to include interest paid on personal debt (such as auto loans and credit-card debt), that would also produce a much higher inflation rate than suggested by the current official measure (chart above). In fact, using this CPI, the year-over-year change in inflation has only just returned back down to its 2022 highs.
Maybe this would better explain for the economists like John Cochrane why "voters complain so much about inflation?"
The U.S. Army 4th Psychological Operations Group (Airborne) often nicknamed the "Ghosts in the Machine" released their newest recruitment video on November 19, 2025. hell this one slaps still no lujan no join. 😒
Somali dance at the Timberwolves vs the Celtics game yesterday in Minnesota https://x.com/westtoeastt/status/1995140208589967665/video/1
Follow Libs of TikTok Fans: t.me/libsontiktok
16,499 people died by euthanasia in Canada in 2024, accounting for 5.1% of all deaths in the country.
According to the latest report on “medical assistance in dying” (MAiD) from Health Canada released at the end of last month, there was a 6.9% increase in state-assisted deaths in Canada in 2024.
In 2024, although assisted suicide is permitted, in which the person who wishes to end their own life self-administers the lethal substance, there was not a single case of assisted suicide. Instead, every single person who died under Canada’s MAiD programme died by euthanasia. In 2023, there were fewer than five instances of assisted suicide.
There have been a total of 76,475 instances of euthanasia and assisted suicide since they were made legal in Canada in 2016.
Posters have appeared on the New York subway offering would-be parents the opportunity to "genetically optimise" their future baby.
By signing up to their $8,999 service, Nucleus Genomics will profile the full DNA sequence of up to 20 embryos for couples undergoing IVF.
The New York start-up's slick app then allows would-be parents to review their brood for known disease genes, conditions like autism and ADHD, as well as traits like eye colour, height, and intelligence.
Peter Thiel, who shares similar views to Musk on the topic, supported the start-up through his Founders Fund. – Article
OpenAI's Sam Altman has also invested in gene-editing startup, Preventive, to eliminate gene-hereditary diseases from babies.
The first successful IVF (test tube baby) occurred in 1978. The place, perhaps appropriately, considering English author Aldous Huxley’s Brave New World, was England.
The irreversible transformations to the human genome will make the 4IR a pandora’s box.
👀 – ...
AI influencers are now boasting personalities, backstories and even making ill-advised decisions
Aitana Lopez is an AI influencer who makes as much as $11,000 per month.
She’s part of a new breed of digitally created avatars winning the battle for the public’s attention, joined by the likes of chart topping “singers” Solomon Ray and Breaking Rust and “blonde bombshell” Mia Zelu, who stole the show at the Wimbledon tennis tournament — even though she wasn’t physically there.
Aitana has made promo videos for Amazon, while huge global brands such as Calvin Klein, Prada, Samsung and YouTube have all used AI influencers.
AI generated Christian recording artist Solomon Ray topped the Billboard gospel charts with his song “Find Your Rest.” He’s cleverly billed as a “Mississippi-made soul singer,” and has over 500,000 monthly listeners on Spotify.
One of the most followed AI influencers, Lil Miquela, caused serious backlash when she posted about being diagnosed ...