The U.S. is going down an inflationary path, now. It’s just a matter of when it gets here and how hard it will bite. Not only did Congress abdicate its mandated money creation role, but with the Nixon-era slamming of the Gold Window, we have been adrift on a sea of Made Up Policy (e.g. the floating world craps game) since the 1970’s. As we have been expecting, it won’t end well and this morning …
While Elaine continues on the mend from hip surgery (we did the P/T deal Friday afternoon), the joy of coming home to good food after just can’t be beat. The kitchen remodel project was, it goes without saying, delayed by the lack of two people to “work the project.” I can do a lot of things, single-handed, but there are just some things in Life that take two people. Food Tooling Since I’ve been doing …
Ah, wonderful wash-out on Thursday, no? I can almost imagine the conversation now (remember, this is fiction, right?): Some WH Idiot: “What we need is to have the masks stay on longer, Dr. Powell. So if you could think of something that would lows down the demasking so the whole CV-19 thing doesn’t look so much like a political disease…that’d be great….” A Fed Chair wanting to score points: “Sure, lemme see: How about I talk …
We always pay close attention when BIG (>7.0) earthquakes take place. The latest down off New Zealand today: Event type: Earthquake Region: Kermadec Islands, New Zealand Geographic coordinates: 29.747S, 177.224W Magnitude: 7.8 REVISED 8.1 Depth: 10 km Universal Time (UTC): 4 Mar 2021 19:28:30 Time near the Epicenter: 5 Mar 2021 08:28:30 Local standard time in your area: 4 Mar 2021 19:28:30 The earlier “attention-getter” was: Event type: Earthquake Region: Kermadec Islands, New Zealand Geographic …
Our Peoplenomics subscribers are probably way ahead of you on this. But, since we feel some compulsion to share cautious outlooks, a couple of ponder points before we roll into the morning minutia and slow Joe rag. International Events Driving My consigliere‘s biggest concern is between now – and perhaps a year off – China is likely to grab Taiwan. There’s a brilliance to his thinking and it’s why we pay a humongous annual retainer for his wise …
Very. Roadmap to collapse, anyone? After we kick-around the ADP report and a few headlines, we will lay out a possible track for the next two months. Two new charts appear with some date ideas and things to watch in the period ahead. Not a pretty picture, but instead, the kind of thing that has occurred in the past: When market valuations begin to exceed logical limits. As they are now doing all over the …
Quick! What was our headline Monday morning? “Job Weekly Rally – Imploding America.” So, how’d our “rally” work out? Well, up more than 600 on the Dow and up 90-something in the S&P. Today? Well, things promise to be a little more challenging. Telling the Future – Based on Stock Prices? People pay an inexplicable amount of their attention on totally useless input. Maybe – since the American education system has become a political tool of …
As I admitted to Peoplenomics subscribers Saturday, there’s a reason I clicked out of a short position in the market Friday. Two chart snips will “tell all.” The first is the 1929 comparison. In our work here, there’s a (small) chance that a top could be in. But, before going lower, even after the initial break in September 1929, there was still a brief bounce before the Gates of Hell really opened-up. When we compare the …