{"id":50253,"date":"2019-12-21T13:29:02","date_gmt":"2019-12-21T18:29:02","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50253"},"modified":"2019-12-21T13:29:12","modified_gmt":"2019-12-21T18:29:12","slug":"dave-collums-2019-year-in-review-i-fought-the-fed-and-the-fed-won","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50253","title":{"rendered":"Dave Collum&#8217;s 2019 Year In Review: &#8220;I Fought The Fed, And The Fed Won&#8221;"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/geopolitical\/dave-collums-2019-year-review-i-fought-fed-and-fed-won-0\">Dave Collum&#8217;s 2019 Year In Review: &#8220;I Fought The Fed, And The Fed Won&#8221;<\/a><\/h3>\n\n\n\n<p><em>Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology &#8211;&nbsp;Cornell University (Email:&nbsp;<a href=\"mailto:dbc6@cornell.edu\">dbc6@cornell.edu<\/a>, Twitter: @DavidBCollum),<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>\u201cI hope David comes to his senses.\u201d<\/strong><\/p><p>~ Nassim Taleb (@nntaleb), best-selling author and Professor at NYU<\/p><\/blockquote>\n\n\n\n<p>Every year,&nbsp;<a href=\"https:\/\/www.peakprosperity.com\/blog\/mapping-fugly-future-david-collum\/53003\">David Collum<\/a>&nbsp;writes a detailed \u201cYear in Review\u201d synopsis full of keen perspective and plenty of wit. This year\u2019s is no exception.<\/p>\n\n\n\n<p><strong>Contents<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Introduction<\/li><li>About the Author\u2013A Brief Autobiography<\/li><li>Contents<\/li><li>Sources<\/li><li>Creation of the Year in Review<\/li><li>My Personal Year<\/li><li>Investing<\/li><li>Almond-Eyed Aliens and Other Conspiracy Theories<\/li><li>Gold<\/li><li>Bitcoin<\/li><li>Modern Monetary Theory<\/li><li>The Fed and Repo-Madness<\/li><li>Share Buybacks<\/li><li>Climate Change<\/li><li>The Jeffrey Epstein Affair<\/li><li>Thoughts on College<\/li><li>Political Correctness\u2013Collegiate Division<\/li><li>Political Correctness\u2013Adult Division<\/li><li>Political Correctness\u2013Youth Division<\/li><li>Political Correctness\u2013Corporate Division<\/li><li>Civil Liberties<\/li><li>Conclusion<\/li><li>Acknowledgments<\/li><li>Books<\/li><\/ul>\n\n\n\n<p><em>The whole beast can be downloaded as a single&nbsp;<a href=\"https:\/\/cm-us-standard.s3.amazonaws.com\/documents\/2019-Year-in-Review-Final-pdf.pdf\">PDF here<\/a>, for those who prefer to do their power-reading offline.<\/em><\/p>\n\n\n\n<p><strong><em>If it happened this year &amp; mattered, it&#8217;s covered in here&#8230;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/201920-300x208.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/201920-300x208.jpg?itok=KvtDYaoi\"><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Introduction<\/h2>\n\n\n\n<p>It is that time of year again when I sit down and, in a frenzied stream of subconsciousness, bang out my view of the world. It\u2019s my 11th chronicling of human folly and anthropogenic global idiocy (AGI).1&nbsp;It\u2019s like when Forest Gump jogs: I start writing, go on too long, and then just stop. Forty years of writing about organic chemistry has taught me that you do not understand something till you finish writing about it. Constrained by time\u2014you can\u2019t write an annual synopsis in May\u2014I have made sure to sacrifice quality not length.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cHuge fan. Please continue to remain above the din.\u201d<\/p><p>~ Guy Adami (@GuyAdami), trader and commentator on CNBC\u2019s&nbsp;<em>Fast Money<\/em><\/p><p>*I am the din, Guy.<\/p><\/blockquote>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-12-21_8-09-11.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2019-12-21_8-09-11.jpg?itok=RlkwYAwz\"><\/a><\/p>\n\n\n\n<p><strong>Figure 1.<\/strong>&nbsp;An original by Candace E. Cornell (my wife) dedicated to Jeff Macke (my Bud and the Banksy of Wall Street).<\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dave Collum&#8217;s 2019 Year In Review: &#8220;I Fought The Fed, And The Fed Won&#8221; Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology &#8211;&nbsp;Cornell University (Email:&nbsp;dbc6@cornell.edu, Twitter: @DavidBCollum), \u201cI hope David comes to his senses.\u201d ~ Nassim Taleb (@nntaleb), best-selling author and Professor at NYU Every year,&nbsp;David Collum&nbsp;writes a detailed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4,5,6],"tags":[4174,3965,141,2370,17675,3650,11134],"class_list":["post-50253","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","category-geopolitics","category-liberty","tag-bitcoin","tag-civil-liberties","tag-climate-change","tag-conspiracy-theory","tag-dave-collum","tag-us-federal-reserve","tag-year-in-review"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50253"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50253\/revisions"}],"predecessor-version":[{"id":50254,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50253\/revisions\/50254"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}