Yeah, you know who I am talking about: The Republicans In Name Only – the bait-and-switchers who talk a conservative game but when comes down to it are really moderate democrats in republican clothing so they could get elected.
The same distribution curve is in place in Washington as always. The only thing that has really changed is the labels worn. In other words, a crooked marketing scam. All designed to get votes and pretend to change things, pretend to make things happen. No real change, though, not for these clowns.
Not that we don’t have extremism in place, as well. Of cours we do. But it’s a really strange mix. On the Alt-Right extreme, we see how Attorney General Jeff Sessions has gone off the deep end – effectively tearing up the Constitution (and due process) by claiming a totalitarian right of government seizure to take your property without due process of law if you are so much as suspected of being involved with drugs.
Near as we can figure it, Sessions now has it in his mind that the police (at any level) have a feudal Lord’s right to take anything they want. If you live in any of the open drug states like Colorado, Washington, Nevada, and wherever else the Harrison Act is outdated? Be afraid – be very afraid.
While I respect Sessions on most things, this position of his is Economic Crime and Warfare on the People personified. Did he skip the part in school where it’s made clear that people commit crimes, inanimate objects don’t? Like so many other strong-arm tactics used by police (you really need an M-RAP?) this is a poor substitute for good police work, as we see it.
Obamacare Repeal is Dead…Good Riddance!
What most folks done realize is that the core of the “repeal” was to set up a $12-billion slush fund to bail out insurance companies.
The reality is that the healthcare stocks have been doing just fine – on the expectation that – like auto insurance – the federal government would become the Guido and Luigi-like enforcers and shake the middle class upside down to take whatever (mythical) disposable income we have left.
Once again, back to the brutal economics: The Senate is – like the House – bought and paid-for by special interests and in this case that’s the healthcare insurance lobby. The quid pro quo is the insurance lobby wants a $12-billion slush they don’t deserve and the return is massive campaign support.
Thankfully, there are still a few TR’s (true republicans) left. But the RINO’s? Gotta go, bubba… ASAP. Registered to vote?
What’s a congressoids worth? Not much – or a whole boatload, depending on whether you’re a check writer for the lobbyists or a regular human.
It’s become a new pastime for me: Look at the CNN site and see how much is Trump, anti-Trump, and Healthcare. Today, their ratio has improved: 12 out of 24 stories on the splash page (my display) – 50% – were healthcare and Trump. More balanced with Obamacare intact? We shall see if the trend continues but the email beat is still going.
Meantime, our benchmark (grown-up) content aggregation site at www.computationalfuture.com shows 2 out of the top 25 stories or about 8% Trump/healthcare content.
Speaking of news and collapsing news networks, etc.
If you want to REALLY do something to bring the MSM to heel, try this: DON’T leave your browser on any news website. A lot of them are using what’s called “push” technology.
What this means is when you go to some top rated sites (try this one) you’ll find the push is refreshing your view every three or four minutes.
If you leave this kind of website open in a browser tab….or you leave the page on and go to lunch (or bed)…well, it’s a battle zone out there,,,,
Import/Export prices just out:
“All Imports: Import prices declined 0.2 percent in June. For the second consecutive month the decline was driven by lower fuel prices. Despite the monthly decrease in June, the price index for U.S. imports rose 1.5
percent over the past 12 months. The last over-the-year decline in import prices was a 0.2-percent decrease for the 12-month period ended in October.
Fuel Imports: The price index for fuel imports fell for a fourth consecutive month, declining 2.1 percent in June, after decreasing 4.6 percent over the previous 3 months. The main contributor to the drop was a 2.2-percent decline in petroleum prices. Natural gas prices also fell in June, decreasing 1.0 percent. Despite the recent drops, import fuel prices advanced 6.3 percent over the 12-month period ended in June. The import price index for petroleum increased 4.5 percent over the past year and natural gas prices rose 58.6 percent.
All Imports Excluding Fuel: Prices for nonfuel imports ticked up 0.1 percent in June after recording no change in May. The index for nonfuel imports has not recorded a monthly decline since a 0.1-percent dip in
January. Higher import prices for foods, feeds, and beverages and capital goods more than offset lower prices for automotive vehicles, consumer goods, and nonfuel industrial supplies and materials. Prices for nonfuel imports advanced 1.0 percent over the past 12 months and the index has not recorded a 12-month decline since a 0.2-percent decrease in November. Rising prices for nonfuel industrial supplies and materials and foods, feeds, and beverages more than offset decreasing prices for capital goods and automotive vehicles over the 12-month period ended in June. Consumer goods prices recorded no change over the past year.
We looking for the market to open a bit soft – the global Aggregate was down overnight on the Global, so we will skee-dattle back to cash at the open to lock in recent gains.
The big risk with this kind of trading (manic) is that you’ll over-trade the account and you may be in cash when the market makes a strong advance. But more about this in our ChartPack for www.peoplenomics.com subscribers tomorrow. It’s all in the trends…
Right now futures are showing Dow down 20’ish.
BTW, look at exports in the BLS data today:
“All Exports: Prices for U.S. exports fell for a second consecutive month in June, declining 0.2 percent. Falling prices for agricultural exports drove the decrease as nonagricultural export prices recorded no
change. U.S. export prices increased over the past year, advancing 0.6 percent. The price index for U.S. exports has not recorded a 12-month decline since a 0.2-percent fall in November.
Agricultural Exports: The price index for agricultural exports decreased 1.5 percent in June following a 1.6-percent drop in May. Falling prices for vegetables, soybeans, and fruit drove the June decrease, more than offsetting higher prices for meat. Prices for agricultural exports recorded a 3.9-percent decline over the 12-month period ended in June, the first over-the-year decrease since the index fell 0.3 percent for the year
ended in December. Lower export prices for soybeans, fruit, and corn led the decrease in agricultural prices between June 2016 and June 2017.
Ergo, the reason Trump is out selling “Buy American Week.”
Eclipse Quake Check
Big one off the eastern coast of Russia overnight: 7.7 on the Richter:
As you can see, this is part of the region where the Pacific plate is smacking into and subducting in places like the Marianas Trench south of the zoom area – and it’s the general area that brought us Fukushima.
One new display on the USGS site (book mark it) is the economic impact display which on this quake doesn’t look bad…
On the other hand, we still have a long ways to the Eclipse on August 21 so pardon us if we don’t toss the possibility of a large US-impacting quake into our decision to flee to cash (or short) on a precautionary (cowardly?) basis.
37 days to Eclipse and our target market highs. Good time to be skitterish.