Car Improvements

People tend to think in terms of engine power/efficiency or connectivity when they discuss car improvement with time. They tend to forget immense strides in brakes, suspension, and reliability.

We also get solutions in search of a problem, like back-up cameras on cars with decent rear visibility, but also problems with immediate solutions, like better headlights.

Fuel efficiency is a red herring. While direct mpg efficiency improves, we don’t know the increased energy cost of assembling the ostensibly more efficient car. How much CO2 is released shipping exhaust components around the world? Battery components have huge energy costs, both in assembly and use. By example, my local power utility is Xcel Energy, which is almost entirely coal powered. What’s the CO2 cost per mile for coal-powered electricity vs gasoline? All things being equal, better fuel efficiency is good, but all things aren’t equal. It’s more complicated than it sounds.

It is useful to shift more of the costs onto centralized users like manufacturers or utilities. The upside of economies of scale is such that those users would have the most ability and motivation to seek out increased efficiencies. Xcel is in a better situation to reduce their CO2 footprint than I am, and they’re in a much better situation than a thousand people like me.

Electric cars, as the technology currently stands, are a non-issue for me. I live in an apartment and park in a parking lot. The building is sixty years old, and car charging in the parking lot isn’t going to happen. It isn’t in the cards. But I’m not going to take a vehicle to a charge station and leave it there for four to eight hours a week.

There are a lot of Marie Antoinette environmentalists who think I should just take my $50,000 new electric car and plug it in to the charging station in my $600,000 house with the enclosed garage. These environmentalists are the ones who use the term ‘range anxiety.’

Balance

The metaphor won’t pull a story along if the plain meaning of the words doesn’t make sense.

The Titanic’s ‘Never Let Go’ speech was all well and good, but Rose let Jack go. Literally. That’s always going to be a problem.

The Killers’ song ‘All These Things I’ve Done’, the I’ve got soul but I’m not a soldier one, honestly has a fairly interesting backstory. But it doesn’t make any sense, and Bailey’s ‘I’ve Got Ham but I’m not a Hamster’ spoof is dead on.

This is very difficult for me.

Apartment Hunting

A prospective roomie/landlord asked me how I voted.

It’s a couple that owns a residence and is looking to rent out a room. The room is fine, but the location would be excellent. Rent is reasonable.

But they want to know how I vote.

About eighty red flags just went up.

TNX

10 year treasury yields are back over 1.3%

A) That is still shockingly low.

B) If you’re not a frog in gently boiling water, it is worrying.

C) But it’s higher than it was. 1.3% isn’t nothing, and the S&P is paying about 1.48% in dividends. In capital maintenance mode, the yields are close to being even.

So, is there an alternative to equities?

For most equity market participants, probably not. A little slosh might shift over to equities, but probably not enough to really move the needle yet. Not with the only driver being a mild rise in yields from shockling lower to shockingly low, and that’s probably overstating the movement. But it’s not nothing.

Old Movies

I’ve been going back and watching some old favorite movies.

Some don’t hold up. Those I try to leave alone.

Some hold up in parts. Those are often special effects heavy movies with some good parts, some bad parts, and some parts that only work if other parts work. The Lord of the Rings movies are like that. The epic “You Shall Not Pass” scene doesn’t work anymore. I can see the cut and paste. The special effects aren’t persuasive. Yet the One Ring is awesome, and Sauron is the man.

Some are absolute trash, and I love them. I’m rewatching the Underworld series. It’s bad. So bad. I love every minute.

There are also good movies but pfft.

The Boy Who Cried Wolf

There was once a young Shepherd Boy who tended his sheep at the foot of a mountain near a dark forest. It was rather lonely for him all day, so he thought upon a plan by which he could get a little company and some excitement. He rushed down towards the village calling out “Wolf, Wolf,” and the villagers came out to meet him, and some of them stopped with him for a considerable time. This pleased the boy so much that a few days afterwards he tried the same trick, and again the villagers came to his help. But shortly after this a Wolf actually did come out from the forest, and began to worry the sheep, and the boy of course cried out “Wolf, Wolf,” still louder than before. But this time the villagers, who had been fooled twice before, thought the boy was again deceiving them, and nobody stirred to come to his help. So the Wolf made a good meal off the boy’s flock, and when the boy complained, the wise man of the village said:

“A liar will not be believed, even when he speaks the truth.”

Aesop, from here