Two For The Show

Once again, a two-fer from the NYT. First, how the Brits are facing The Greatest Threat, although not due, according to the report, nefarious action by the Damn Gummint. In sum: without accurate data, government administration turns into: 'it is just my opinion that counts'.

An essential ingredient in economic policymaking, from interest rates to government spending, is reliable data. But government officials, economists and other number crunchers in Britain are expressing deepening concern over a long-running issue with a data set used to understand a crucial area: the country's jobs market.

Well... no shit, Sherlock. At least the Brits are taking the situation seriously, rather than creating the mess on purpose to just destroy governance. Not the same as Garfield 2.0's clear intent.

And, second, we have more support for the private sector taking climate change seriously. After all, climate change is affecting profit, that All American Ideal.

Historically, officials at Fannie and Freddie have banked on their mortgage portfolio's being diversified across so many markets that even when delinquencies and defaults spike after disasters, they wouldn't cause significant losses.

What was the mantra leading up to The Great Recession, fueled by ARMS and CDS via Blythe Masters? Oh yeah, the whole country can't go into housing collapse. How did that assumption work out?

"We cannot change the fact that in Florida we have hurricanes, so we shouldn't be penalized for it," Mr. Diaz said, noting that high insurance costs were already pushing prospective buyers to less popular submarkets. œ"This is why we have the federal government."

Ah, now the MAGAnaut ox is being gored. "Uncle Sugar has to rescue us!!!"