Newmark's Door

How long can this continue? "Tech Titans Lead Q4 2024 U.S. Stock Market Surge".

"US stock market returns (1872 to 2024) -- annualized real total returns over 1 / 5 / 10 / 20 year periods".

"Investment Returns by Asset Class (1985 to 2024)".

Here's hoping they don't fuck it up.

As is typical of such articles this NY Times piece makes no distinction between macroeconomics and microeconomics. Macro--as I've noted a number of times--is very difficult.  (Though if Argentina continues to recover, score one for conservative macro.)  But economics has a lot of useful stuff to say about "micro" issues.  One example from recent news reports: in trying to cast a glow on the late President Carter's term, several pieces mentioned his successful deregulation of airlines and trucking. Both were heavily influenced by economic thinking. A more recent example, you ask? The old examples still work like (most) economists expect: "Seattle Set Minimum Wage Over $20 and You'll Totally Believe What Happened Next".

Surprising to me this piece in The Economist endorses the U.S. making an offer to buy Greenland.

Something Western environmentalists should realize: without the cooperation of China, efforts to control carbon dioxide emissions will count for very little.

I used to tell my students that economics could help them with personal decisions, business decisions, and give them useful perspective on public policy. And I told them I didn't know any other discipline that could offer all three as well. 

I'm convinced. +

More support: as I write this (10/23 am) Joker leads the league in omni-statistic PER and only Giannis is close. He leads his team in scoring, rebounds, assists, and is tied for the lead in steals and is second in blocks.

But the greatest compliment to an athlete comes from what his outstanding peers think of him.

I no idea it could be so interesting.

A detailed look at just how precise the GOAT had to be.

The renowned free kick against France only ranks second.

Johnny Cash, Carl Perkins, and . . . Eric Clapton?! (Link courtesy of Michael G.)

Beast Mode--here ranked #1--is still the runaway champion.

More off of Beggars Banquet, the Stones.

"The scientific research on floor food has a clear answer."

When I was teaching I didn't really understand the vociferous demand from some quarters that cell phones or laptops or the Internet be banned in classrooms. When I went to school there were none of those things but I could daydream and get plenty distracted.

I didn't do too well which I think is a good thing.

Long time readers of the Door have seen this before: we bring you yet another answer to one of Life's Most Pressing Questions.

Distinguished linguist John McWhorter argues that "you guys" when used to refer to females is not a put down of women. (This something I've argued for a while after hearing famous 40 and 50-something women use the expression casually and unironically.)

 One reason is that English lacks a warm, relatable word for women. . . .

When women call one another “you guys,” “dude” or “bruh,” I don’t hear a fear of being women. They have sapped the gender from a masculine word in order to use it for their own purposes. I hear it as progress.

Which is fine, but I still want explanations for "dark matter" and "dark energy". (Maybe, on the latter, an answer?)

I had given up on using--and almost threw out--my black spatula, so I was glad to see this.

As a percentage of workers, the two top metro areas in the country for remote work are Austin and Raleigh.

Well, economists do. The statistic in question in productivity.

"I predict that, in the very near future, a single individual (or small indie team) will compete head-to-head with major record labels—and defeat them decisively in the marketplace. All you need is 50 million YouTube (or TikTok) subscribers and you can blow Universal Music out of the water."

Sing along once again with Mr. Dylan:

The battle outside ragin'
Will soon shake your windows
And rattle your walls
For the times they are a-changin'

Article argues for some key differences.

Fine tweet from an "Ex-Woke Leftist . . . Current advocate for the secular liberal right".

Paul Krugman recently retired from his position as a New York Times columnist. John Hinderaker writes, ". . .  I want to resurrect a portion of my catalogue of Krugman lies–not all the lies he told, but just some, not all, of the ones I happened to catch him in."

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