
The New York Times article about SlateStarCodex is finally out and it is...bad. There's a lot I could parse, but let me just walk you through one paragraph that is so misleading as to be

No wonder he didn't provide a link; it doesn't say what he implies it does!
https://t.co/4Q3GrFr2zN


More from Paul Matzko
This is a great question from @HeerJeet and it has very old roots. In my book, I discuss a similar period of anxiety in the 1960s about the possibility of Air Force officers being involved in a coup. Thread.
Given the size of the US military in WW2, afterwards there was a spike in concern that some of these demilitarized veterans would be amenable to radicalization and supportive of insurrection. These fears heightened after the coups in France/Algiers in 1958 and 1961.
This was the peak era of the Cold War, so anti-communist anxiety was layered over top. The Right feared that communist infiltrators in the government would subvert the Republic. The Left feared that anti-communist military officers would launch a preemptive, paranoid coup.
Note as well that the foundation for these fears was rooted in a novel concept that journalist Edward Hunter had recently coined, "brainwashing." The idea was that US POWs held by North Korea had been brainwashed into accepting communism & might act as a fifth column back home.
You can see that particular paranoia in cultural artifacts from the time like "The Manchurian Candidate," novel in 1959 and the hit 1962 movie starring Frank Sinatra and the incomparable Angela Lansbury. Those sneaky commies nearly infiltrated the Oval Office itself, oh no!!
What's the back story about why so many former air force people are coup friendly?
— Jeet Heer (@HeerJeet) January 10, 2021
Given the size of the US military in WW2, afterwards there was a spike in concern that some of these demilitarized veterans would be amenable to radicalization and supportive of insurrection. These fears heightened after the coups in France/Algiers in 1958 and 1961.
This was the peak era of the Cold War, so anti-communist anxiety was layered over top. The Right feared that communist infiltrators in the government would subvert the Republic. The Left feared that anti-communist military officers would launch a preemptive, paranoid coup.
Note as well that the foundation for these fears was rooted in a novel concept that journalist Edward Hunter had recently coined, "brainwashing." The idea was that US POWs held by North Korea had been brainwashed into accepting communism & might act as a fifth column back home.
You can see that particular paranoia in cultural artifacts from the time like "The Manchurian Candidate," novel in 1959 and the hit 1962 movie starring Frank Sinatra and the incomparable Angela Lansbury. Those sneaky commies nearly infiltrated the Oval Office itself, oh no!!
More from Tech
The YouTube algorithm that I helped build in 2011 still recommends the flat earth theory by the *hundreds of millions*. This investigation by @RawStory shows some of the real-life consequences of this badly designed AI.
This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/
A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/
https://t.co/uAORIJ5BYX 4/
https://t.co/yOGZ0pLfHG 5/
Flat Earth conference attendees explain how they have been brainwashed by YouTube and Infowarshttps://t.co/gqZwGXPOoc
— Raw Story (@RawStory) November 18, 2018
This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/

A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/
https://t.co/uAORIJ5BYX 4/
https://t.co/yOGZ0pLfHG 5/
What an amazing presentation! Loved how @ravidharamshi77 brilliantly started off with global macros & capital markets, and then gradually migrated to Indian equities, summing up his thesis for a bull market case!
@MadhusudanKela @VQIndia @sameervq
My key learnings: ⬇️⬇️⬇️
First, the BEAR case:
1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
2. Cyclically adjusted PE ratio for S&P 500 almost at 1929 (The Great Depression) peaks, at highest levels except the dotcom crisis in 2000.
3. World market cap to GDP ratio presently at 124% vs last 5 years average of 92% & last 10 years average of 85%.
US market cap to GDP nearing 200%.
4. Bitcoin (as an asset class) has moved to the 3rd place in terms of price gains in preceding 3 years before peak (900%); 1st was Tulip bubble in 17th century (rising 2200%).
@MadhusudanKela @VQIndia @sameervq
My key learnings: ⬇️⬇️⬇️
Bubble or Bull Market? Join us for a short presentation and candid one on one on 27th Jan, 4pm with Shri \u2066@MadhusudanKela\u2069. \u2066@VQIndia\u2069 \u2066@sameervq\u2069 #bubbleorbullmarket pic.twitter.com/LBvlBrz6mS
— Ravi Dharamshi (@ravidharamshi77) January 24, 2021
First, the BEAR case:
1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
2. Cyclically adjusted PE ratio for S&P 500 almost at 1929 (The Great Depression) peaks, at highest levels except the dotcom crisis in 2000.
3. World market cap to GDP ratio presently at 124% vs last 5 years average of 92% & last 10 years average of 85%.
US market cap to GDP nearing 200%.
4. Bitcoin (as an asset class) has moved to the 3rd place in terms of price gains in preceding 3 years before peak (900%); 1st was Tulip bubble in 17th century (rising 2200%).