1) The Rittenhouse prosecution is collapsing under the weight of it’s own absurdity. Eddie Scarry writes:
If you follow the prosecution’s case against Kyle Rittenhouse, the only logical end is the assertion that self-defense is almost never an option and visiting the scene of a riot is only okay if you are there to burn property.
When you reach the logical conclusion of the prosecution’s case, that’s Rittenhouse’s crime. He was in a dangerous place where the rioters — otherwise known by Binger as “the good guys” — didn’t want him, and therefore Rittenhouse was the instigator.
It’s preposterous. The jury probably knows that.
2) The media is humiliating itself repeatedly. Andrew Sullivan writes:
But when the sources of news keep getting things wrong, and all the errors lie in the exact same direction, and they are reluctant to acknowledge error, we have a problem. If you look back at the last few years, the record of errors, small and large, about major stories, is hard to deny. It’s as if the more Donald Trump accused the MSM of being “fake news” the more assiduously they tried to prove him right.
We all get things wrong. What makes this more worrying is simply that all these false narratives just happen to favor the interests of the left and the Democratic party. And corrections, when they occur, take up a fraction of the space of the original falsehoods. These are not randos tweeting false rumors. They are the established press.
And at some point, you wonder: what narrative are they pushing now that is also bullshit?
3) Joe Biden’s inflation is way worse than we thought.
The US Consumer Inflation Report for October was horrible, showing a 12% annualized rate of price change. But it’s even worse than it looks. The shelter component of the index lags the more reliable private gauges of rent inflation. That means worse is to come.
The annualized 12% inflation number, to be sure, will ease a bit, but rent inflation ensures that the pipeline of price increases will persist for the next couple of years. 5% inflation over 10 years will reduce the purchasing power of money by 80%. That’s unsustainable. Either the Federal Reserve will raise rates and strangle demand, or consumers will balk at price increases and stop buying. Incomes have fallen by 2% over the past year according to the government’s official measure, and by considerably more when shelter inflation is added in. In either case the Federal Reserve and the US Treasury have set the stage for the next recession.