Both the S&P and the NASDAQ hit new records Thursday and while not rich, my long-term out of the money call options on the S&P look less stupid this morning than they did two weeks ago.
Before we get into the Janet Yellen FedSpeak this morning in Jackson Ho Wyoming, where the Fedsters run to confab in the summer when it’s miserably hot in most of the rest of the country (48F and rain there this morning), I thought we would push back with a cuppa and do some serious thinking.
Biggest problem in the world today? Lack of jobs.
Biggest cause of lack of jobs? Oh, try machines and automation.… >>> Read More >>>
Have you ever wondered who invented Time Zones?
Well, I have. And in the process, I have solved all the world’s Big Problems – like poverty. Takes a bit of explaining, but follow along on this…
One week ago, Elaine and I took off on this adventure to the Pacific Northwest where we are living for a full month. Mostly it’s business, but lots of kid time, too, including the dinners out with family and so forth.
And that’s where Ures truly turns into a wet dish rag party-pooper: I am still getting up at 2:30 AM (local time, 4:30 AM (indicted governor time in Texas) to write my column.… >>> Read More >>>
The ISIS beheading of a western journalist this week marks a major turning point in militant Islam’s assault on the infidel West.
The Financial Times reports that ISIS may be little more than a (violently rebranded) al Qaeda. And their influence in spreading.
We noted this expansionism (which I dubbed The Global Caliphate) has begun its serious expansion phase in a June 18 Peoplenomics.com report, presented here earlier.
What distinguishes the murder is it came not at a native Arab hand, but from a British ISIS sympathizer. It also came after demands were made for a ransom payment
President Obama is taking some flak on this – because he immediately returned to golf after his “get tough message.”. James Foley’s dad says he’s a martyr for freedom.… >>> Read More >>>
I got one heck of a kick out of the reader comments in response to my recent notes on “Moving when you’re old…”
At 65 – and 66 within a few months – I’m just trying to keep ahead of the Game of Life a bit. Admittedly, though, I often move 10-years early on most things…
As I read “Moving when you’re older” I had a good laugh as I noted it seems you think 80 is really really old and no one needs fancy tools and equipment because at 80 they are so far gone they can’t use them.
That IS true in some cases. Not in mine.
… >>> Read More >>>
(Gig Harbor, WA) A couple of Julys ago, a friend of ours lost a son to suicide – a problem which continues to grow in the world. So at this time of year we reflect on what kind of world we’ve made that drives people to end life prematurely. A look at headlines is only part of it, but an important part, I expect.
But here lately, with the problems of Ebola, the stress of Ferguson, and more, we begin to wonder if increasing socioeconomic pressures globally might be ramping up (generalizing, if you will) the human death rate. Against this backdrop, might the methods and techniques of medicine be used to study socioeconomic issues in a new way by using patterns of analysis similar to those employed in epidemiology?… >>> Read More >>>
The market has had a couple of great days leading into the CIP report this morning, so let’s ruin breakfast with that one, first if you went short. (Here, let me turn on your camera on your computer…aha! You could skip a meal, or two…)
“The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.
Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment.
The all items index posted its smallest seasonally adjusted increase since February; the indexes for shelter and food rose, but were partially offset by declines in the energy index and the index for airline fares.
… >>> Read More >>>
If you’re in the “Immortal years” (age 10-60) you might not find this very pertinent yet. Print it up and save it a few years. When you’ve used up 6-7 of your nine lives, it will begin to make sense.
The first time I ever moved, it was a simple matter of throwing a couple of bags of clothes into the back of my black ‘64 Ford Falcon and heading south on (then) newly minted Interstate-5.
By the time I was moving for a second time, it was all trimmed down to a single suitcase and I got on a Western Airlines jet and flew off to Alaska to be a microwave tech rep on a remote radar site.… >>> Read More >>>
(Baker City, OR) A boring calm continues this morning on the streets of Baker City, Oregon after a night of virtually northing happening.
That was not the case over in Ferguson, Misery, where once again there were clashes and tear gas and the mainstream media trying to whip up the idea that there’s a more general uprising on the way.
I wonder if this was how the Russian press lead into events of 1917?
As Ure’s exhibit #1 this morning, I’d point to the NY Post Page 6 story about how with a bankroll of $10-mil, you can move onto a continuously moving global cruise ship for the rich called The World.… >>> Read More >>>