Abbott is pushing a lie to protect incompetence. There is no Federal oversight of the Texas Grid, ergo fewer regulations (sound familiar) - so point one: state legislature needs reform. 2/

And #BigDickAnon is back in his CIA Fren persona, this time in thread titled, "China is the modern day Nazi Germany" headed by the tweet below from Clay Travis.

https://t.co/49yWJyfZLb

"The Chinese leadership knows China is a dying country and that explains their aggressive behavior. It is an attempt to save China through expansion before the clock runs out. The environmental damage that industrialization has cause Chinese cannot be underestimated."

"A secret Chinese study conducted 4 years ago laid out a grim future for the country. Currently only 23
% of China`s water is safe. Over 50% of the land is poisoned and air pollution is creating such destruction over 40% of the population has lung poisoning and..."

"...the figure is rising. The biggest danger in the short run is the damaged caused by the insane population polices of limiting families to small sizes. This has created havoc with the population demographics and basically China is an aging country with..."

"...the wrong mix that is creating a disaster with too many old people. The most telling sign though was the Xi visit to Trump in the first year of his presidency. American intelligence bugged Xi`s plane and on his stop in Alaska on the way back to China Xi declared to..."

1. SolarWinds - an IT monitoring company with the NSA, all five military branches of the Pentagon, and several major civilian agencies, had their software hacked by the Russian hacker group Cozy Bear yesterday, the same group responsible for the 2016 DNC hack.

2. SolarWinds uses a protocol called Orion Improvement Protocol (I believe this is a wrapper for RMON and SNMP calls), and this protocol was hacked at Treasury and NTIA, the National Telecommunication advisor agency.

3. As a veteran of hacking forensics, I always look at modus operandi by malicious groups and at human factor compromises as the first investigative avenues to pursue. My research partner Jen Moore discovered Pavel Yershov lead the 2016 attack for GRU also worked for Microsoft.

4. Interesting that Warren Flood also works for Microsoft Pro Services, and he was intimately involved in the 2016 DNC Microsoft GRU "Hack". Flood and his wife were instrumental in the Dominion Voting Machine purchases in Wayne County, Michigan and the State of Georgia,

5. Even more interesting that Warren Flood has worked for a long time for Joe Biden as has his wife.

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While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

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downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

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borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

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a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

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the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...