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Saturday Critics Corner
I swear, sometimes when I say something which is
½ in jest, I get people who write
to me and ask "What in the world were youi thinking?"
Take, for example, my Friday morning remark that "since it's
such a 'nice quiet Friday...."
"Then you sir, are
From my follow-up post on a
lunatic forums site:
They can try to debunk all they
Russia reportedly has ~140
billion in US debt they are trying to get rid of.
There was 134.5 Billion left in
TARP at the end of March.
These two people were caught but
NOT ARRESTED with 134.5 billion in US Bonds. Italian law
states that they should have been arrested. As far as I
know, only someone with diplomatic immunity can get away
with something like that. Why they didn't use a diplomatic
pouch is anybody's guess.... unless what they were toting
around was under the official radar.
They were "Japanese Nationals,"
in Italy trying to get to Switzerland.
Timmy (the cheat) Geithner is
currently in Italy, meeting with the Japanese and Russian
financial guys in relation to the G-8.
Link to SEC to check bonds to see if legit and
Link to German article "Windfall
L:ink to Russia's plan to cut Treasury holdings.
Treasury Secretary Timothy Geithner on Friday will meet
Japanese Finance Minister Kaoru Yosano and Russian Finance
Minister Alexei Kudrin in Italy, the Treasury Department
said on Thursday. "
And, on top of that,
Karl Denninger of Market Ticker notes a Zerohedge story
indicating that the Federal Reserve may be tampering with
Which is why we were greatly troubled when we learned
recently on good authority that Federal representatives may
have opened multiple undisclosed-type accounts with none
other than State Street Global Advisors over the past few
months. All of these accounts are allegedly handled by one
single trader, who is cocooned and isolated from interaction
with other partners.
Quiet Friday... I don't think so.
Love your site though.. I read it often.
Yeah so do I (imagine that?). But follow my logic here on
the 'quiet Friday' remark:
The Dow came in with a modest gain for the week of
37-points. While that's looking a bit long in the
tooth to some, we won't see the sulfuric acid on sugar kinds
of moves until we get to next week and the lead-in to
The most exciting financial number on Friday was the
Consumer Sentiment number and that was up to 69 - the fourth
bullish report in a row, meaning that despite what we know
around here thanks to the
linguistics work (that suggest by mid July the
derivatives blow-up will be back and become obvious in very
public ways by late August if'n I understand the time monks
right), someone is buying the notion that 'good times
are just ahead'. Just ignore the apparent delta
between the Consumer Debt numbers from the Fed and here,
long as you're at it, drink some of this here grape
What's more (of should
I say "here's moron...") how the Dow has erased its 2009
losses now with the Friday close...
And then we have the usual scatter plot of miscellaneous data
points that taken as an aggregate can be touted as good, or bad,
depending on your point of view:
There's talk that large areas of some US cities may be
bulldozed, for example. The bad news is that
tearing down housing which could be reconstructed seems
kinda dumb when we have people living under freeway bridges,
but on the other, it might add to the 16 remaining jobs
driving bulldozers...one of the few jobs that corporate
wage-rate differential exploiters haven't figured out how to
export to India or China. Trust me: I know somewhere
they have to be working on it, though.
North Korea didn't set off an nuclear tests on Friday, a
good thing I reckon. On the other hand,
they did say that any UN embargo would be an Act of War
buddies in China are warning against possible Western use of
force against them, too. OK, so maybe Kim Il Jong
has pictures of some mucky-mucks in the Chinese party
hierarchy, or some such, but lookie here: This is a
dandy chance for the US defence industry to step up campaign
contributions and load up on R&D contracts for the next
generation of super-weapon.
And sure, the
democons have drafted a plan for health care reform which
would cost $600--billion in new taxes, but as long as we
have the presses going night and day for the bankster
bailout and hyperinflation will come calling by year's end
(and more likely visible by November) WTF people?
The republicorps alternative to to have massive overhead,
high direct costs and phat profits to the corpgov hierarchy.
Does it really matter if the hold-up is at gunpoint ("Give
us your taxes) or at knifepoint ("Give us a zillion out of
pocket for your Prozac")? This is classic left
pocket/right pocket divide and conquer the people - textbox
despotism hidden behind the aura of partisanship to suck up
the energy of the hopelessly hypnotized.
Speaking of which, I'm not kidding at all when I tell you
that the whole health care debate is sideshow. Here's the
real deal : "The
death rate drops to historic low" is THE biggest story of the
week for many reasons. Let's me 'splain you Lucy:
first: Too many people living too long means pressure
on dwindling food production is continuing to increase.
The financial system and it's hoards of actuarial types are
depending on us old people to die sooner than later,
otherwise, too many winners on long-term insurance policies
blows up the system.
Then there's the matter of the additional money that needs
to be raised by pension funds to meet obligations to the
healthy oldsters who are living too long.
Are there 'policy answers' to this vexing demographic nightmare?
War with someone - and soon.
More genetically modified crops - sure it may be
Frankenfood, but better that than pitchforks, eh?
A nice disease that takes out a big chunk of the population.
We have winners! NK, GM foods, and Swine flu! Oh,
how provident of Universe to provide such well-managed (not to
mention profitable) answers! Hallelujah! See you at
the Sunday session of the Church of the Almighty Dollar
tomorrow, for surely we are all blessed.
Well, except maybe for in Iran when "Heeee's baaaack...." as
president Ahmadinejad is reported leading that countries
elections. Which I why I have been telling you "watch
a week either side of October 26th for that to blow up" since
that's when linguistics looks for a big disturbance in the
Does make me want to go back to bed, but too much to do around
the ranch... May I have the...
Oh here's a gem...under the subject line "Get the facts before
youi write". Hell's bells, who does that anymore?
Here's the email:
Getting the facts straight is important. Apparently you have
been brainwashed with the rest of us on the smoking issue.
SMOKERS HAVE A LOWER LIFE TIME HEALTH COST THAN NON SMOKERS.
That was shown in some studies over that last few years. It
is the non-smokers who have the enormous health-care costs.
Google it! SMOKING IS BAD, but please do not help big
brother spread this red herring.
It's 'cuz they die earlier, best I can figure. But, if you
want to invest time researching (or debating my take) on what's
a bad habit, have at it.
Here's a good starting point. The only kinda smoking that
makes sense is the NORML kind which would neuter the booze
lobby....and maybe the connoisseur kind, since I still have my
pre-Castro Cuban cigar in the humidor and a bottle of Remy from
a thankful reader who saved a few bucks (ok, maybe more than a
few) thinking and acting on the kind of thinking published
Hmmm...not sure what this one means:
"George, I've been with you since 2000. PLEASE...You need to
change these stupid, limiting, inaccurate drop down category
boxes. This isn't my first request..."
This reader is referring to
the choices in
the category drop-down boxes on my news tip page. I
have that on my to-do list. However, it was down at number
1,378 in the priority list.
I have moved it up to 993. to simplify things, I may just
eliminate all drop-down choices and put "other" for all of them,
This was accompanied by a note to "US
Foreclosure filings top 300,000 as bank seizures loom."
Good thing to be aware of if you even so much as think of
skipping work for a day...now's NOT the time to risk ANYTHING.
"How come you haven't mentioned the July Total Eclipse of the
Because we're not in China or Oilstan, maybe?
Sadly, until a few days ago here's a reader who was skeptical of
the predictive linguistics that mentioned 50-people being
involved in a big 'disappearance' this summer. Now, oh,
look at this:
Hi George, you and hph might be right. Air France Plane
crash: 50 bodies recovered as of Saturday morning news GMT.
here's the story about 50 bodies recovered from the crash site.
Damn rickety time machine, anyway. Look for the report
maybe Tuesday or Wednesdayish this week. I'll let you know
when it's posted. Next critic, pleeze?
In the What?
Ah...in response to my 'celling taxes" bit this week about the
possibility of laying taxes on work-provided cell phone use as a
taxable bennie, here's something reassuring:
"Please stop sweating the details! Remember, when dreaming
effectively too much focus on detail leads to a lot of
random noise. Which I suspect is responsible for the
absurdity below! "
Included was a link to the
Commonwealth of Pennsylvania's listing of taxable and exempt
property which reassures us that the following items are not
taxable there yet:
Periodicals and magazines purchased by subscription
Garters and garter belts
Leotards and tights
Hunting clothing, including camouflage and blaze orange
Hair restorative medications
Sunburn treatment, lotions or creams (SPF and
preventatives are taxable)
Candy and gum
Fruit drinks, noncarbonated or reconstituted, containing at
least 25% natural fruit juice
Caramel Corn (kettle corn is taxable !!!)
Acne treatment, lotions, and creams
Adhesives used for medical treatment
Bed trapeze bars (Not that kind you perv!)
Blood glucose monitors (How sweet....)
Contact lenses, and wetting solutions
Thermometer covers (thermometers themselves are
Pet cremation and burial services (caskets taxable,
This is only a sampling, of course, and every state has its own
interp as to what should and shouldn't be taxed...but I have to
wonder just how aghast the Founding Fathers would be with this
Might want to buy some of those tax-free snow suits now, btw:
says the sun is just about blank when it comes to sunspots.
Oh, and that means global cooling. Just, you won't see
this on the 6-o'clock news, since it would fly in the face of
the current hypodigm with it's bankster bailouts and carbon
credit nonsense (since it's like setting up a wife-beating
exchange to monetize another form of sick behavior).
We have bigger problems than paper and it's never too late to
work on your garden. Cooler earth means less food. And we
hunger for solutions around here to the BIG problems. Like
will the number of people who are going to die this year and
next from swine flu (and fallout) going to be enough to offset
the reduced agricultural output from the sun going 'cold'?
See you Monday...unless you subscribe to Peoplenomics.com, in
which case Sunday we'll explore how complex societies recover
Send comments to
For Your Money's Worth:
Peoplenomics: Depression or Recession?
This week, I wouldn't be surprised to see the market
rally a bit more, with some softness to follow come month-end, and
then one or possibly two more short moves up into either mid-July or
mid-August. And then, I'm figuring the stock market will have
completed its setup for another one of those 'once-in-a-lifetime'
declines, which seem to be coming with some regularity. This
week, a bit of detail on how past Depressions and sharp market drops
have looked, and some amplification and detail on my very different
way of looking at things'. We'll start with.....
More For Subscribers
My commodity broker JB Slear has
nailed a great solution for people who living in apartments and
condos who want to become at least partially self-reliant when
it comes to raising food: An ultra-high efficiency
micro-hydroponics system using readily available local parts.
25-pages and plenty of pictures to turn you into a farmer no
matter where you live (Great if you have back problems,
too...)...or if you just want to fill up the back yard with
MyGroPonics trees and feed the neighborhood... $10 bucks here...
Maxa-Tools has provided us with a
free demo - which you're welcome to try - of their dandy cookie
manager tool that I use here on all my computers. It shows
both the browser-specific and the newer browser-independent
cookies. Quite happy with it.
Here's the download link for the
Once you try it out, click the
upgrade button (!) on the upper right hand side for the $35
unlock to get it to remove even those pesky 'non-browser
specific' cookies. Bonus: You computer may run
faster. I took over 1,000 cookies off my son's machine
that he swore was clean. It ran much faster.
Shameless Self Promotion
UrbanSurvival just keeps getting more
popular - thanks to your help. (Oh, sure, sometimes because we tell you
the news before it happens and because my economic analysis has
been better than 99% of the PowersThatBe who obviously don't get
it; but let's not go into chest-pounding mode...) So don't stop now. Tell all your
friends to wander on by for an uncommon mixture of relevant & real economics, humor
such as it is,
preparedness, all served up with the occasional side order of ...well, weird.
Click here for a tool that may help.
(It'll pop up an email window if youi use Outlook (or a few
other email programs) then simply send a link to everyone on
your distro list...
"Live on $10,000" Updated
What? You haven't ordered the ebook "How to Live on
$10,000 a year -- or less"? Suit yourself. We're all
going to live it shortly, anyway. I just thought you might
like a heads up by reading about how to do it before you get
pink-slipped. But, suit yourself OR visit
www.liveontenthousand.com or, click one of the following
- still possible. I also took a bit of additional
material that was pertinent from recent issues of Peoplenomics
and included them. The whole thing runs about 65 pages,
but it gives you a vision of how to not only live on the
aforementioned dollar amount, but also how to migrate up the
economic foodchain if you make a little more than that and do
some active savings...
Click here for the page with more details on it.
week's report is here. For
back issues of this site, click here. (Goes back to
Friday June 12, 2009
Framing the Global
Nice quiet Friday, so let's focus on the big picture/important
stuff here: You will remember that back in March, when
there was a flurry of news coverage about oceans rising
that came out of a Scandinavian conference, that this would set
an approximately 90-day timeline before we got to the 'main
events' of Global Coastal Event coming into view.
Well, sure 'nuf right on schedule we're reading how "Scientists:
Global warming has already changed oceans" What's
more, senator Maria Cantwell of Washington issued a news release
this week enumerating the whole litany of ocean/global coastal
event impacts. Here's her press release - normally not
something I'd post, except that it shows very much the meeting
the linguistic expectations. I've highlighted some of the
archetype grabbers that were in the linguistics in case you're
still asleep, it being Friday and all:
Change Could Have Devastating Impact on Oceans and Puget
Warming Water Temperatures and
Could Disrupt Ocean
Food Chain and
Due To Rising Sea
Tuesday, May 27,2008
SEATTLE, WA – As part of her
ongoing commitment to examine the health of our nation’s
oceans and waterways, Tuesday, U.S. Senator Maria Cantwell
(D-WA) chaired an official Subcommittee on Oceans,
Atmosphere, Fisheries and the Coast Guard hearing at the
Seattle Aquarium along with Congressman Jay Inslee (D-WA-01)
on the Effects of Climate Change on Marine and Coastal
Ecosystems in Washington. During the hearing, Cantwell,
Chair of the Subcommittee, received testimony from national
and regional experts on the affects of climate change on the
health of Puget Sound and oceans, and the impact
rising sea levels
could have on Washington state communities.
In addition, the hearing
examined how ocean
acidification is impacting Puget Sound, Washington's
other waterways, the world’s oceans at large, and
vulnerable species of marine life. Cantwell has long
been concerned about the effects of
on ocean health and marine life especially in the
Puget Sound and has been working to reduce emissions of
through increased use of alternative sources of energy.
“We can no longer ignore the
impact carbon dioxide is having on our oceans,” said
Cantwell during the hearing. “We are already seeing the
impacts of rising
carbon dioxide levels and
in the Pacific Northwest and off our coasts. When it comes
acidification, we risk not just damaging the
we are threatening its very
When we combine the impact of ocean
with the additional climate change effects of increasing
changing winds and
rising sea levels, the impacts our
emissions will have on marine environments like the Puget
Sound will be far too
As seawater becomes more acidic,
it may begin to
withhold the basic chemical building blocks needed by
many marine organisms. In regions like Washington,
scientists predict that a more acidic ocean could dissolve
the shells of the tiny organisms that make up the base of
the ocean’s food
chain. Warmer, more acidic oceans can
fisheries and food chains in the Pacific Ocean,
impacting Pacific Northwest icons like Pacific Salmon.
Reduced Salmon runs would harm Puget Sound's endangered
Southern Resident Orca populations that depend on the salmon
as a major source of
In addition to damaging the
environment, climate change also has the potential to
significantly impact our communities and economy. Scientists
have determined that the Southern Puget Sound is
particularly vulnerable to sea level rise, threatening
cities like Tacoma and Olympia. For example, 80 percent of
Washington's GDP is generated in the state’s coastal areas.
As sea levels rise
from climate change, however, many of these
areas could end up
scientists project that some parts of the Puget Sound could
experience as much as a
in sea levels. (Enough highlighting - but you
see how the language fills out at the archetype level,
right? - G)
“I thank Senator Cantwell for
bringing a spotlight to the issue of marine health,” said
U.S. Rep. Jay Inslee (D-Wash.), a hearing participant who is
a co-chair of the House Oceans Caucus, co-sponsor of the
Federal Ocean Acidification Research and Monitoring Act,
H.R. 4174, and a member of the Select Committee on Energy
Independence and Global Warming. “Even though Puget Sound
and the Pacific Ocean look majestic and healthy, below the
surface we know that these are fragile ecosystems struggling
from the stresses of global warming and other threats.”
Washington’s commercial fishing
industry, which is threatened by disruptions from ocean
acidification, produces gross annual sales of more than $3.5
billion and accounts for nearly 10,000 jobs in the Greater
Seattle area. The recreational fishing industry in the state
is valued at $1.6 billion, and $4.5 billion for the entire
west coast. Nationwide, commercial fisheries contribute over
$30 billion annually to the U.S. economy.
“While obvious economic impacts
due to climate change have been raised, such as the loss of
coastal development, rebuilding of infrastructure or impacts
to commercial fisheries, impacts associated with the
relationship between a healthy environment and a healthy
economy are less frequently discussed,” said Kevin Ranker,
San Juan County Commissioner, during his testimony. “The
economic impact of losing key ecosystem services will be
severe and widespread throughout our statewide economy.”
Atmospheric carbon dioxide,
which is driving climate change, is responsible for ocean
acidification. Emissions of carbon dioxide have increased
the global atmospheric carbon dioxide concentration by 35
percent. Over half a trillion tons of carbon dioxide or one
third of all CO2 emissions since the start of the industrial
revolution have been absorbed by our oceans. Carbon dioxide
reacts with seawater to form carbonic acid, and in excess,
causes oceans to become more acidic. This hinders the
ability of reefs to rebuild and can dissolve the shells of
animals such as plankton, scallops, clams, lobsters, and
others forming the base of the food chain.
Late last year, the Senate
Commerce Committee approved a bill by Cantwell and Senator
Frank Lautenberg (D-NJ) to study and address ocean
acidification. Senators Ted Stevens (R-AK), John Kerry
(D-MA), and Olympia Snowe (R-ME) are also co-sponsors."
Of course, on top of this, we know that ocean dead zones are
developing, and some of our own research suggests that 'oceans
rising' will go nonlinear at some point, far beyond what the
current expectations are. I mean, throw in a good handful
of 'dancing mountains/ new lands emerging' over the rest of the
year and you have what? I mean besides a global crisis?
It is possible that the first of the $10-summary ALTA reports
from the newest data run will be released by Cliff (www.halfpasthuman.com)
next Tuesday or Wednesday. But when I talked to him
yesterday, he was a seriously bummed out dude.
Since putting the linguistics together is such a
(horrible/awful/screaming/depressing) bummer, the reports will
likely not be done on a weekly basis. more like: As he
gets recovered from looking at depressing change enough to do
another. Looks like next week's report will be in the
15-17 page kinda range... I'll let you know when it's posted.
Import Price Message?
So, with this morning's report that
import prices to the US rose 1.3% in May driven largely by
petroleum prices, is that because oil is going up OR
that the purchasing power in real terms of the US dollar
overseas is going down?
Cracking Down on
new federal cigarette bill is in the works. Like the old
song ("Cigarettes and Whiskey and Wild Wild Women") explains
smoking: "There's a fire on the one end and a fool on t'other."
And the fools cost $100-billion in health case. Had my
last one in 1987...
IRS is reported considering a bill which would put a tax on use
of a work cell phone in proportion to how many personal versus
business calls are made on it. think of it as a
presently untaxed 'fringe benefit'.
Why can't we just go to a simple flat rate consumption tax?
Why next thing you know, employers who put toilet paper in
restrooms won't be able to write off that expense unless they
serve food and water on the premises...I mean where does this
extensible to absurdity end?
Pokers and Pokees'
going after online poker operations, it seems. I
think this is the deal: If the government was
getting reliable 1099's from all the online outfits, I don't
know as this would be happening. Not sure, though.
However the gray area is whether people playing online (as in
where the server is located in a Poke-allowed state) from
a state that bans poker, constitutes a crime. And when did
this become something of the fed's interest? I'm a little
slow, so could someone point out where the power to control
gambling was ceded by Texas (or any other state) to the central
Seems in many areas, the central government just takes
power by shoving things through Congrease without States
agreeing to it, or ceding the specific power. Which I seem
to recall as being reserved for the States is not
It's all about money, though: I figure if the federal
government were really going after illegal gambling they'd do
something about the damn naked short selling problem, wouldn't
they? Just saying' poker is a game of skill, not
gambling, any more than putting money in a 401(k) is gambling
her lately, know what I mean?
World's Glowing Future
North Korea seems to be about to lay another bomb 'test' on the
One of these days, these countries that
scoff at the NPT are actually going to set some off in
something other than the 'test' mode...otherwise, I figure, they
wouldn't be building them.
And you saw where
Iran and North Korea have formed an alliance to work on delivery
Where's the Boogie Man?
As long as we're on 'who to fear', you saw this? "CIA:
Bin Laden still believed to be in Pakistan". Right....
Here's a fine example of how humans don't connect dots very
New York is planning to gas 2,000 geese to prevent then from
causing problems for jets going in and out of JFK. I
can see that, but if we look just a little ways into the
future, we can see how air traffic will likely be shutting
down this fall
due to the pandemic flu which the WHO has declared, so the
amount of jet traffic should collapse - along with airline,
hotel, car rental, eat-out restaurants - this fall.
In case you haven't been keeping count, there were 13,217 cases
of swine/hybrid flu and 27 deaths in the USA as of last week,
and I would
expect the number of cases to be over 16-thousand when new
figures come out tonight.
And you can guess what that will mean for air travel this fall,
right? Restrictions on travel, anyone?
Reports today suggest that Ken Lewis of Bank of America ticked
off congress on Thursday
by not using emotionally hot terms like strong-arm as the
Federal Reserve and former Treasury boss Hank Paulson encouraged
BofA to bailout Merrill Lynch.
Where's the financial novelist who could come up with one this
Japanese Carrying $134 Billion In U.S. Bonds Detained In Italy..."
Say, that's some
flash roll, huh? Wonder if they are real or
Head in the Clouds
Is there a new kind of cloud out there? Or just the
Truth Leaks In
"Confusion expected as analog TV Broadcasts end."
It's simple: If you watch TV, you're confused. Is that so
difficult to grasp?
--- snip and save section ---
Coping With Bad Air
People often ask me things like "Gosh, George, how do you seem
to stay 'up' so much and get so much stuff done?"
The answer is simple: I cheat. Most people never
spend more than a few minutes considering in a logical way just
how to get the most done. If you're interested,
I've got a short list that I try to live by:
Get lots of sleep. Most people need anywhere
from 7½ to 8½ hour per night.
Get less than that over a long period of time and your
personal performance may suffer - or your health.
Lead a relaxing lifestyle.
I can't tell you the number of people that I've known who
make the mistake of taking things to seriously that they
have run around with internal stress that is going to kill
them. When my son was down visiting, since he's in
emergency medicine, he took my blood pressure innumerable
times throughout a couple of days. When I am doing my column
in the morning it generally ran about 142 over 85, but
that's after three strong cups of coffee, playing with the
cats, checking markets and account balances, and so forth.
But, by the time evening was around, it was down to 120 over
something much lower.
Vitamins and balanced diet:
Yes, I eat a lot of protein and veggies and no, with few
exceptions, very little sugary stuff. Sugar is
addictive and bad for you, and frankly I'd put sugar on the
list of dangerous chemicals. Go read the book Sugar Blues
if you doubt it.
Work for Yourself: This
is an odd one...but it basically means that whatever you're
doing in life should be viewed as having some kind of a
personal payoff. If you work for someone else
('the man') that's cool and all, but keep it in the context
of 'I'm doing this because I have a long-term plan for
gaining my own property/lifestyle/independence which is not
going to depend on anyone but me and I'm deliberately
sacrificing 'x' now in order to achieve my longer goals in
Manage your physical
environment - including the air. And this is where we
get around to getting this
morning's note back on track...
The reason that I mention this is
that I'm an 'negative ion junkie'. "What's that," you're
wondering? Ah ha!
My personal awareness of being a
negative ion junkie came back in my news directoring days when I
interviewed Fred Soyka - this was in the 1970's if memory
serves. He had written a this book called The Ion Effect : How Air Electricity Rules Your Life and Health.
I know - sounds like woo-woo, but
it's not. Here's the short version of Soyka's research:
The air around you has either a positive, or negative,
electrical charge. When air is charged positive, it causes
a lot of ill effects. For example, the air that comes
across the Sahara, the Sirocco, is a positively charged air
mass. That air is a real bummer. Because it's
positively charged, people tend to get moody, depressed, suicide
rates go up, and productivity goes down.
Not that you need to head to North
Africa, though. You can find positive ion winds in places
like Greece where they call it the Meltemi, and it's
well described in this German language translated Wiki.
But again, you don't need to even head for southern Europe to
get a positive ion bummer: You also find high positive
ions in places like Southern California where the Santa Anna
winds blow a big bummer (not to mention the odd brush fire).
Or, even closer to where you sit (perhaps in a 'cube farm')
positive ions are created like crazy by the HVAC systems of many
buildings and have been linked with something called 'sick
Far fringe of BS? Nope.
Building Syndrome, says a Wiki note, afflicts up to 30% of new
and remodeled buildings worldwide.
Along about here, youi should be asking yourself "How do you
know if you're sensitive to this 'ion effect?"
Easily identified. People who are 'addicted to negative
ions' usually have some (or all) of the following
They like to shower, as opposed to bath. They find
that they are 'invigorated' and much clearer-thinking after
They tend to be drawn to any of the following:
Waterfalls, the ocean, love the crispness of the air after a
lightning storm has been in the area, or they might get a
certain - almost a high- from being around water spraying
about as during washing a car or using a pressure washer.
They tend not to be bothered by wet - especially rainy -
weather. And, although they can like sunshine OK,
things like the desert don't give them any particular
pleasure - they'd be much more drawn to things like high
altitude mountains with trees about.
If you'd like to pursue this on your own, the book The Ion Miracle: The effects of negative ions on physical and mental well-being
may be worth a read, too.
As I say, I've known for years that I'm a negative ion junkie -
and I've gone way out of my way to live a negative ion
rich lifestyle. Some things you can do:
Just running a cold shower in your house for 5-minutes can
release enough negative ions to improve your mood if you're
really sensitive - you don't have to even be in the
shower getting wet. It's the creation of negative ions
by falling water - which is why some folks like me can't
thinking of anything more stimulating that a fresh cuppa
coffee while standing on a beach with an onshore winds
watching wave break. Cup of coffee in the rain?
Oh yeah... You are following this, right?
For not too much money, you can find air ionizers on eBay
fairly cheap. Go
read up on air ionizing over at Wikipedia, too.
OK, what got me to mentioning this? We've just had several
days of thunderstorms with plenty of lightning here in East
too, up in the Dallas/Metroplex, too. So last night
while I was finishing up for the day, I turned on my small
negative ion/ozone generator. This morning when I came
into the office (with the requisite cuppa waker-upper, I was
immediately 'amped' by the air in the room. Invigorating
as well. Just like stepping into a shower or going for a
hike in the mountains.
Not everyone is as sensitive as I am to this 'negative
ion' affinity. But, as I look back over my life, I can see
where my deep interest in tube-type radio gear comes from (lots
of high voltage about, got it? Source of negative ions
there...) as well as living on a sailboat for 10-years.
Yeah, crapped and all, but whoa.,...what a great place for
coffee in the rain...
When I find my creativity is waning, or I am not as 'amped'
about something - or as clearly focused as I know I'm capable of
being - I try to remember to stop and ask. "How am I
managing the air that I'm breathing?" Subtle? yes.
Big difference in personal productivity?
Go try it yourself.
Couple of cautions: Like anything, it can be
overdone. Too much negative ions and you can cause lung
irritation, so study up on ozone exposure limits. And, if
you do happen to run a heavy ionizing system that does create
ozone, be aware that anything made of rubber deteriorates
quickly upon exposure to ozone. You're after ions
not ozone...so study the difference.
I'm having to repair the rubber suspension mounts on three
studio condenser microphones (MXL-990's)
because I have run my ozone generator a bit heavy handedly
causing the elastic to stop e-lasting...
When Universe Wants
Back in my airline days, we had a saying: "When you're
time's up, your times up..." With the idea that no matter
how good, or bad the weather, when it's your time to go, it's
your time to go.
Latest story in that file: "Woman
who missed Flight 447 is killed in car crash."
You Know It's a
sales fall sharply as recession bites..."
That's because it's not a game, it's an role-playing
Thursday June 11, 2009
Mixed Messages on
Before we get to this morning's key numbers (retail and initial
unemployment claims): Yes, I am expecting inflation to come
along not later than November. In fact, if it goes towards
hyperinflation, I wouldn't be surprised. Reason?
The US is having to print up a lot of 'money' in order to pay
for the 'too big to fail'; problems and then there's the problem
of paying for 'economic stimulus' as well as the shrinking - yet
still significant - balance of trade deficit.
So, when the UK's Guardian headlines "Oil
Price Leaps to year's high: Predictions of $250 a barrel on
fears for oil reserves, hopes of economic recovery and hedging
against weak dollar" I take it as a very likely outcome.
Meantime, besides owing me a hundred shares of GM and probably a
bit more than that worth of AIG shares,
I see this morning how the government will end up with a 34%
share of Citigroup.
Then there was
the lukewarm (at best) sale of long-term Treasuries on Wednesday,
again it goes to the idea that a fair number of savvy people are
hedging higher interest rates to come.
The good news (such as it is, LOL) is that a friend on Wall
Street says the yields are coming down on some of the BBB and C
kinds of 'junk bond' rates, such that he thinks he sees a
'floor' under the S&P 500 of about 600. He notes that even
with the jitters, the 10-year rate is still in historically
But here's where we part agreement: While he seems to
sense 600 as a floor (based on the idea that competing yields
will continue to be a price driver) and therefore, market risk
is coming down on the equities side, I counter that what's
likely going to happen to his 'floor' is that 600 may be the
number, but that will hold only because by then (late fall)
pernicious inflation will be back in play as the dollar declines
And what would this 'floor' of S&P 600 translate to in terms of
the Dow? The S&P closed on Wednesday at 939.15, That
means the ?Dow could lose 36% of its value from here which
pencils to 5,583.
Since markets almost always overshoot either to the bullish
ebulliences, or the bearish OMG'ness, that would make something
like Dow 4,600 possibubble.
The next of the mixed messages comes from the report that
Foreclosures fall 6 percent in May from April. Think
that's a good sign? Well, no.
One of the reasons for the fall in foreclosures is that banks
are privately working out 'stay in your house and pay us when
you can' arrangements with people. What's driving this?
Thought you'd never as. There are two drivers.
First, banks are desperate to get out from under the federal
controls on pay/bonus/and practices that come from taking TARP
money, so they are trying harder than hell not to book
nonperforming loans. So, if you are in possible
foreclosure, if you want to cut a deal with the bank to send in
$100 a month - or some minimal amount to keep your loan in the
'performing column' then that would be the thing to do.
You might be pleasantly surprised; several readers have reported
success negotiating a stay-in-the-house plan they can actually
The second thing driving the fall in foreclosures is what I call
algae pools. Don't know if you saw this, but
there are more than 27,000 algae-covered pools mentioned in this
report out of the SF Bay area - and these are the breeding
ground for mosquitoes (West Nile Virus risks) and the banks are
learning that as soon as the 'owners' get kicked out of homes
when foreclosed, the asset value is declining at horrific rates
driving by appliances, copper, fixture theft, and oh yeah, pools
becoming a public health liability.
When you read numbers about how 'foreclosures fall' take off the
rose-colored glasses, and get real. Banks are in the
process of 'adjusting policies'. In any other industry it
would be called 'cooking the books' but then here lately, banks
are too big to criticize. Kinda like government...
And speaking of that
the Treasury monthly budget portrays things:
If "every picture tells a story", I'd skip the Dewey Decimal
System and just file this one under
Ups and Downs in the latest:
The U.S. Census Bureau announced today that advance
estimates of U.S. retail and food services sales for May,
adjusted for seasonal variation and holiday and trading-day
differences, but not for price changes, were $340.0 billion,
an increase of 0.5 percent (±0.5%)* from the previous month,
but 9.6 percent (±0.7%) below May 2008. Total sales for the
March through May 2009 period were down 9.7 percent (±0.5%)
from the same period a year ago. The March to April 2009
percent change was revised from -0.4 percent (±0.5%)* to
-0.2 percent (±0.2%)*.
Retail trade sales were up 0.5
percent (±0.7%)* from April 2009, but 10.8 percent (±0.7%)
below last year. Gasoline stations sales were down 33.8
percent (±1.5%) from May 2008 and motor vehicle and parts
dealers sales were down 19.6 percent (±2.3%) from last year.
A Poor Tradition, Redux
That the new head of GM, Edward "Whitacre
vows to 'learn about cars' as GM Chairman" seems a
continuation of a poor tradition. Most of GM's board
doesn't know anything about cars, either. Thinking seems
to be that if you know enough about finance, that will solve all
Wonder if those "We don't care, we don't have to - We're the
phone company" stickers popped up during Whitacres tenure at
AT&T? Pardon me, but I'll just sit back skeptically....
I might mention that Honda, Toyota, and the other rice burner
makers seem to focus on product, not numbers...Why, they hold to
the radical assertion that quality wins in the end. How
I'm just sayin' how come
didn't embrace Deming? And the difference
between 'quality circles' and 'circle jerk' is what?
Bailouts maybe? Notice that Ford isn't at the trough?
(Is my personal skepticism toward US auto product showing?
Maybe because my 2001 Dodge Ram P/U is about to need another
$800 (dealer) or $400 (do it myself) engine control module
- this will be its third at under 70K miles. What
me? Pist? You have no frigging idea...)
Audit The Fed
213 co-sponsors now on Ron Paul's bill to audit the Federal
Reserve...and if you call your CONgressional office, maybe
more will get it...
Trash for Cash Department
You saw where
Russia is planning to swap some of its US Treasuries for
International Monetary Fund bonds? Wonder is this is
the leading edge of dollar reputination? (sic)
Cash for Trash
How come I can't be like democon
Senator Byron Dorgan oif North Dakota and raise $667,398 in
funding from out of state sources in Q1 2010
reports? Or Chris Dodd of Connectedup who raked
in $595,250 in Q1?
See who pulled in $480,000 from the finance, insurance,
and real estate sector recently by clicking here. And
our own republicorp congressman Jeb Hensarling who has been
promoting hands off the credit card boyz (under some convoluted
'consumer choice' logic) raised $70,000 in the Q1 2010 report...
We truly have the best government money can buy. You
understand why writers like me use the phrase politician's 'bid
for reelection', capiche?
Brazil's Rising Prominence
to make $10 bn loan to IMF? The money will be used to
"improve the availability of credit in developing countries."
Wonder if that definition now includes the USA? Maybe next
Darned hybrid/swine flu keeps popping up out in the hinterlands.
A reader advices from Thailand:
"Hi there George Writing all the
way from Bangkok, Thailand where new cases of of the H1 N1
flu strain has risen sharply in Thailand's Capitol and in
the Resort town of Pattay!/ Here's the latest
report from Thailand's largest English News Daily Bangkok
Your's Pongtorn Nakornsri
Bangkok, Thailand! A daily reader of your UrbanSurvival site
since September 2008!"
Yup, A good/timely reminder that we're in a window between
'waves' of the flu. If you don't already have plans to get
60-days of food stored, so you can go into isolation to reduce
your chances of exposure if 'round 2' comes through as expected
Oh, and this morning the
WHO is poised to declare the flu a pandemic - the first such
declaration since 1968.
AF 447 Speculation and
While the "Air
France chief questions speed sensors' role in the crash,
other speculation as to the cause
goes to the idea that a couple of terrorists may have been on
the plane and were planning to do something evil with it.
The part that sticks out - like a sore thumb - is that other
planes in the same general flight path did not report bad
weather to the extent as to be able to take down the plane.
Wanna Go Camping?
Got just the place for you:
Lanka where displaced people will still be camping a year from
now. Bring your own food, water, and body guards...
How About Diaspora,
Huge return of Lebanese to vote in their elections.
March 14th Coalition is claiming victory which
some picture as a win for the US in the region.
The NY Post headlines this morning that "Google
gets hit: Feds launch probes after tech giant backed Obama."
Or you could just search "+google +probe +federal" where you'll
find look sees at Apple and Yahoo, among others are going on...
Don't Read This
Under the headline "41
U.S. Counter-Terrorism and Intelligence Agency Veterans
Challenge the Official Account of 9/11." If you do,
you might wonder
about Thermite residues and about how all those naked
short-selling investigation documents in WTC -7 just magically
became a non-issue.
Nope. A little more fluoride in the toothpaste and water,
a few more 'stress pills' and you'll be fine.
--- snip and save section ---
Coping/Around the Ranch:
Pelicans and Wolves
Quite the bout of severe weather here in East Texas last night.
Elaine and one of her friends went to Dallas on Wednesday in
search of a pelican for our next big decorating project -
turning a room into a museum diorama of the SF Golden Gate
bridge, that is supposed to have a foot and a half high pelican
in it. No luck - since pelican replicas are all but
unavailable in Dallas.
The fun, though - besides their going off to the big city for
shopping and all - didn't start until the trip home, when they
managed to hit either a large coyote or small wolf on the
highway...which punched a pinhole in the radiator. So
that in turn had me out playing rescue ranger in the rain
(during a heavy thunderstorm, of course! - until about 10:30
last night - and now again this morning, the local ham Skywarn
net is up with still more rain and some reports of pea-sized
I'll take this to be a sign from Universe that the old Daewoo is
gonna get replaced one way or the other...and yeah, I can take
the hint. Can we turn off the storms now? dumb
George takes the hint...
But now to the point: (Besides a tip of the hat to the
Skywarn project) If you know where to get a foot to foot and a
half high stuffed pelican (or replica), let me know? The
diorama calls for a 'half bird' to project out of the painting.
The other parts of the diorama (fake rock, mooring posts, a
mounted fish, an old lobster trap, is a lot easier to cobble up.
Far as I know, there are now stuff/fake pelicans to be found in
Dallas according to Ms. Super Shopper & her trainer, in case
that comes up at the water cooler this morning.
Besides the being up really late (getting soaked, yada yada) -
and monitoring the radio this morning - I almost forgot to
mention how well m y large solar power system is working.
The way I set it up, my office is downstream from an
automatic transfer switch. So when we've had power flicker
(and in one case go out for about 15-seconds) the power here in
the office has been incredibly robust. The few times
that the mains a/c has gone gown, the system is set up to
automatically transfer to the battery bank/inverter.
Haven't even lost my second monitor. Love it when a system
works like it should.
The local emergency operations center is on backup power and
there are trees down and such, so this is the kind of storming
we usually don't see this time of year. Usually more the
kind of thing to expect in the spring. In the storms last
night, some tennis-ball sized hail was reported.
Don't know what to make of this: "Military
Hush-Up: Incoming Space Rocks Now Classified." So, we have
these satellites and they tell us about what's coming toward
earth. What's so damn secret about that?
Seems to me to be a 'black swan' - I mean why? Is
someone/something throwing things at us? Don't want humans
to know what's coming? Sorry, but this one just doesn't
make sense. We already know that resolution on the eyes in
the sky are good enough to read 19 point type under ideal
conditions from low orbit, right atmospherics, so WTF?
10th Amendment Movement
Here's a story off the Fox web site about the 10th Amendment
Seems to me that it's a sad state of affairs when we label as a
'movement' states and groups trying to hold the ever-expanding,
ever more intrusive central government to keeping its
cotton-picking hands off things that were NOT ceded to the
central government by the various Constitutions of the States.
Yeah, I know all the excuses, common good, and so on. But
there's this darned Constitution and it doesn't say anything
about bailout, making up money, and planning to tax cow farts...
I must be incredibly stoopid to want to hold to the wonderful
Framework of America with its ingenious set of checks and
balances. Dumb George. I should just give up, run
for office and get rich.
Wednesday June 10, 2009
Quiet Summer Wednesday
- Too Quiet
Yup, life is sure 'normal'...but maybe too normal. Not
that I'm the only one with a strange sort of feeling.
Here's an email from a reader who catches it too:
"It is too quiet George . I just have a hunch ... here it is
- Obama and Geithner toured the world looking for buyers of
t-bills for auction this week - result- they scared buyers
off more than anything .... auction will be a disaster
tomorrow .... markets will see writing on the wall and
commence dive .... or just before dive or during, war or
some huge other disaster occurs providing cover for auction
failure- just a hunch -it is just way too quiet , surreal
To be sure, the recent round of flag-raising in other countries
doesn't seem to have created much in the way of good will.
I mean when Chinese students laugh at an American Treasury
Secretary, you know something is up. But what? The
candidates might include:
The Canadian gold scandal. Right now, it's been reported
that the amount of gold missing from the Canada Mint facility is
in the 10's of millions of dollars. But,
what if the Mounties coming into it reveals that it's a much
larger amount? That might shake things up a bit.
Won't be triple witching week - that's not till the third Friday
of the month which is a week plus two days from now.
Obama administration is seeking the 'fiscal responsibility
mantel' which seems a little implausible, but as long as
he's the MSM's darling, who knows what
rebranding/repackaging will be attempted. Still, not
something big in terms of the markets.
Now, one thing that
may move markets would be a leak that
Middle Eastern sources are doing to demand gold for their
oil - which has passed $70 a barrel now as the US revised
predictions of a $16-barrel gain in the second half of this year.
That's a potential upper limit on market action, and if the gold
rumor turns out were confirmed, that would pop metals skyward.
But would that account for that 'something's not right' feeling?
Don't think so.
No, I think that what is bothering me - and should be bothering
the markets - is that according to the DTCC, there was "$27.8
Trillion of Credit derivatives outstanding as of June 5th"
says tyhe Wall Street Journal.
Because the predictive linguistics project has another round of
derivatives meltdown coming in the mid July to Mid August
timeframe, I think it's important to put some things into
perspective on the derivatives front.
The first thing I'd note is that the $27.8 trillion is the
notional value of the underlying credit default swaps.
The word "notional" means that that the full value (notion)
could only become a real debt payable in full at the most
extreme of economic conditions. At anything less, they can
trade at a discount to notional...sort of analogous to how bonds
trade at a discount to face value, is how I understand it.
That this popped up overnight, or even in the past two years, is
not a correct assumption. My friend Cliff has many
high-powered math friends who have been working lucrative
computer programming gigs for the past 4-5 years at some of the
biggest outfits in New York, because the pricing models to set
CDS values have been stretched so far out of whack, that the
modeled prices & values have stopped working.
AF 447 flight where were were lots of error messages sent before
the plane went down? There's an analog in the
financial markets about the math and native C guru's being
called in several years ago to try and get financial models
working right before the first part of the systemic collapse in
October of 2008. The second leg down is within a month or
two for the next leg down.
At an archetype (or design pattern search) an aware person might
notice that in both the financial disaster and the AF 447 crash,
black boxes are at the core of developments. The missing
ones from AF 447, or in the derivatives disaster, the 'black box
financial models' based on long & involved logic chains that
humans may not be able to keep up with. Just a curious
parallel to me.
By the way - this grouping of a linguistic/archetype concept
(here: black boxes) is what in time monk circles we refer to as
a meta layer in the data. Once you see (usually with the
help of modelspace, but this morning just using a bit of coffee)
you can then taker the linguistically extensible path and go see
what else is going on in the meta layer "black box" concept and
trip over seeming innocuous headlines like "Progress
Apama and Object Trading Ltd sign Partnership" where
further detail emerges from the meta layer about the value of
"The Progress Apama Algorithmic Trading Accelerator enables
firms to quickly develop and deploy proprietary algorithmic
techniques, achieving a dramatic advantage over commoditized
“black box” offerings."
Black boxes are cool, and all, but while it's possible to make
generalized trading decisions in advance and apply them in
normal market conditions, where such models seem to have a 'soft
underbelly' is when multiple assumed trading venues are impacted
by extremely nonlinear events. Which means? How does
a black box financial model perform under stress of something
like the Russian markets closing for a couple of sessions as
they did last fall?
Moreover, how do these black boxes work in an arbitrarily
constrained market where there's the potential for a combination
of closures as well as trading restrictions? Those are the
design issues which the math whizzes figure they can deal with.
As we get into the next couple of months - and maybe even as
late at October before we see the really BIG public awareness
pop on this.
Oh yeah, one other thing to pop out of this little extensible
linguistics exercise: There's a British company that is out with
something called the
'RoadHawk' digital driver protection system - a combination of
GPS and video set up into a 'black box' for cars and trucks.
Care to place a bet that within 5-years, insurance companies
will be offering discounts for having this kind of 'black box'
technology in your car, so that driver activity as video can be
used as evidence in automobile injury cases?
Remember the concepts here: 'Meta layers' in data,
extensible archetypical linguistics, and a slice of pie
Out From Under the TARP
While 10-banks may be able to get out from under
TARP restrictions by repaying $68-billions, turns out Treasury
also holds a bunch of warrants which will have to be redeemed,
too. That will push the cost of out from under up to $73.1
billion if my pencil is working right this morning.
In some ways it's karmic justice to see banks getting treated
like credit card users, but on the other hand, it's sad that
they're in this position at all.
Balance of Trade
If there's one good thing about the current international
financial mess, it is that the amount of goods being brought
into the US is declining and that has started what may be a
longer term trend toward self-sufficiency; although speculation
in that direction is likely way premature. While up a tad
in the latest report out today from the Census Bureau, the
increase in the latest figures is but a blip compared to
previous Balance of Trade Deficits (BOTD's):
U.S. Census Bureau and the U.S. Bureau of Economic Analysis,
through the Department of Commerce, announced today that
total April exports of $121.1 billion and imports of $150.3
billion resulted in a goods and services deficit of $29.2
billion, up from $28.5 billion in March, revised. April
exports were $2.8 billon less than March exports of $123.9
billion. April imports were $2.2 billion less than March
imports of $152.5 billion.
In April, the goods deficit increased $0.9 billion from
March to $40.1 billion, and the services surplus increased
$0.2 billion to $10.9 billion. Exports of goods decreased
$2.6 billion to $80.0 billion, and imports of goods
decreased $1.7 billion to $120.1 billion. Exports of
services decreased $0.2 billion to $41.1 billion, and
imports of services decreased $0.5 billion to $30.2 billion.
In April, the goods and services deficit decreased $33.0
billion from April 2008. Exports were down $33.7 billion, or
21.8 percent, and imports were down $66.7 billion, or 30.7
The thing I keep an eye on - since it seems to me a good
indicator of how well America is doing in the high tech area is
the Advance Technology Products category:
"Advanced technology products (ATP) exports were $18.7
billion in April and imports were $23.4 billion, resulting
in a deficit of $4.7 billion. April exports were $2.0
billion less than the $20.7 billion in March, while imports
were virtually unchanged at $23.4 billion.'
Damn! Still importing more high tech than we export.
"Lead in tech or hit the deck, Lead in food you can be rude..."
That's how to simplify econ, I think; poetry.
"28 people have been killed in a South Iraq Market Bombing"
reports the NYT.
Also experiencing boom times:
Pakistan where 16 are dead in a hotel bombing.
Iran Elections Near
Hardliners versus moderates seems to be the set-up as Iran heads
into elections on Friday. Wonder what kind of campaign
funding disclosure requirements they have in place?
Our own Congress has put off the vote apparently on the
"Iran Sanctions Enabling Act of 2009" citing the elections.
with any change in the strategic balance internally, I still
expect the bombing by Israel to come along toward the end of
reduction in the power base of incumbent president Ahmadinejad
will cause reassessment of chances for a peaceful outcome.
And then it'll be bombs away, I reckon.
Fair trial before the hanging kinda thing, to put it in frontier
justice terms. They just have too much oil for their own
good. Strip away the resource, and who'd care?
--- snip and save section ---
Coming After Knives
Oh oh. Forget about the Ammo Shortage I've been telling
you about for three years. Forget that the Obama
administration has been the best gun sales promotion to hit
firearms in decades.
No, seems that new regulations are in the works that would place
new and more stringent limits on knives as one of our sharp-eyed
readers has sniffed out:
"George. I have read your site for a good while now on Urban
Survival. You saved us some $ last Sep. before things
collapsed. I subscribe now to Peoplenomics and also bought
the recent report from Cliff at HPH for the special.
One thing you have not mentioned
so I'll include it. Not that I expect you to keep up with
everything or to much focus on a small industry like knife
manufacturing and making. I work in that industry. In fact I
make folding knives and the very type that are made and
covered that would shut me down making what I do both
illegal to make in my shop regardless of the fact that I've
done it for 20 years plus and also make me a felon for even
mailing one or crossing state lines with it. In fact it
would make the knives readers carry illegal too! 80% OF THE
KNIVES CARRIED TO WORK EVERYDAY BY AMERICANS IS A ONE HAND
OPENING CLOSING TYPE OF FOLDER!
Please read more here and post
it to get this out. Letters need to be written and mailed to
congress and senate. Letters to CBP will do no good that
part is bad advice. They are not obligated or inclined to be
moved by your contacts.
Oh my goodness... a visit to
turns up this page of interest
"US ATTEMPTS TO RE-DEFINE SWITCHBLADES – WOULD MAKE MOST POCKET
Now, I'm no conspiracy theorist, but
here's the 63 page proposal which goes on my reading list.
However, being no fool, I ordered a couple of one-hand opening
Spyderco's off eBay last night. When you live the kind of
life I have (10-years on an offshore capable sailboat and now
7-years as a ranch owner) I can't tell you how indispensible a
good one-hand opening knife is.
Boy, I can hardly wait for knife registration. Why, next
thing you know, we'll all be going to the Outback or Ruth's
Chrisd with rubber gloves and just gnaw on the prime rib.
We're going back to Medieval times for sure. Which is why
Elaine and I joined the folks at www.sca.org, LOL.
And that 'society for creative
anachronism' not 'creative
anarchy'. We've got the PTB for that.
I've made mention many times about the whole 'retribing' thing
that seems to be going on, especially with kids in their 20's
coming back to the roost to live with mom and dad so they can
finish upo schooling which might otherwise not be affordable
given rents and falling wages.
So, it's with this in mind that I am not surprised to see that "Home
Depot shares jump on raised profit forecast."
As I look at a variety of indicators, such as the Consumer Debt
(Credit) report from the Fed and just talk to people, seems like
the idea of getting rich though house flipping is pretty much
gone, and since I'm not looking for the absolute bottom of the
current decline to be in until late 2012 to late 2013 on a
purchasing power corrected basis, I think what's going on is
that people are trying to make their homes as comfortable as
possible for this period.
A significant sidebar to the retribing/cocooning in the home is
seen in computer use trends, too. Lots of growth out there
in services like
Facebook, MySpace, YouTube, and did you see where Craigslist is
now almost up to the $100-million in revenue level?
Again, it goes to the notion that people are finding new - and
much less expensive ways - to connect and socialize than the
traditional bricks and mortar approach.
Using our 'extensible archetypes' kind of view, it brings into
question a lot of old 'bricks and mortar' that may fall - or at
least change dramatically.
For example, the nature of how kids date seems to be changing.
I noticed when my son was visiting, for example, that he was
getting the 'low-down' on what's out her in the East Texas
outback by simply hitting local connections of people. In
an earlier time, he would have been out every night of his
visit, hitting the local bars and night clubs, talking to
people, being social and such. But not any longer.
Takes too much time. Instead - and admittedly much more
efficient, he can chat, revenue the local spots, and then make a
one-time trip into town, just to 'people watch' since he's
already got a pretty solid girlfriend by the sound of it.
The trend in how people meet and collect relationships is
changing in a big way. For those of us over 50, the old
way to meet someone was to go bar-hopping - a practice that over
the past 10-years or so has really fallen out of favor due to
drinking and riving enforcement. Another way to meet was
to pursue your
interests and meet at some common ground, such as a gym, or in
the case of Elaine and I at the Seattle Singles Yacht Club.
Today's young people, though, they have a way different
approach. Research oriented. Read the Facebook,
check out the MySpace, look at YouTube. See how someone
texts and twitters, first.
Social networking seems to be providing a new way to date; video
conference and conversation on Skype and all kinds of other
tricks to being single.
I didn't know diddly about the international Couch Surfing
group, but again, young people are finding a whole new way to
beat hotel costs by couch surfing; or at their site explains
"CouchSurfing is a
worldwide network for making connections between travelers and
the local communities they visit."
Gone, it seems, are those halcyon days of polyester leisure
suits and a trip to the local beef & brew, with males like me
to live out the adventures of Leisure Suit Larry. Just
doesn't seem like as much fun sitting in front of a computer,
though. Does everything have to go virtual?
Tuesday June 9, 2009
The "Counterfeit Gold"
We arrive now at a curious little eddy in the flow of time where
according to the linguistics out of
we should be seeing lots of action/headlines and awareness about
the 'counterfeit gold' meme.
This is potentially and important one because there are several
ways the linguistics can 'fill', but the main concept is fake
gold. And there's plenty of that popping. A
story in the
Toronto Star now reveals that the 'missing gold' in Canada's
Mint could be in the tens of millions of dollars worth.
Also missing is silver, platinum, and palladium. So we will find
out when the audit is released in two weeks or so.
However, I'm not sure that timeline will hold since when there's
this kind of discrepancy who knows what kind of
you-know-what-covering will be going on.
Meantime, the trading price of gold has failed to continue its
upside breakout that many people were expecting.
One report says a move down to $933.50 may be in the works,
but for most people who are adding a bit of metal to their
portfolios, it may or may not matter, since gold has been a
long-term hedge against inflation/excess money printing and as
such is more a buy & hold rather than trading adventure.
Around June 21, the new $10/slice weekly predictive linguistics
reports will become available from HalfPastHuman, so it ought to
be interesting to see how the 'fit' on the counterfeit gold is
coming along. However, just as a 'head's up'
independently, both Cliff and I purchased not one but two
of those inexpensive digital scales off eBay to double-check the
weight and then measure the size of a gold coin should either of
us come to own one. We both already have calipers...
After all, no point in knowing the future if it can't be turned
into something actionable, right?
Sound Money Concerns
As we move into the balance of the summer, where linguistically
we have the derivative meltdown second dance beginning, I'm
expecting a boat load of stories that will seem to confuse the
issue of 'what is money' and 'what holds value'.
For example, we read today how
"China as fears on US Debt, dollar: Lawmaker" where we read
how China would like to diversify somewhere out of dollars.
Consider the following
hypothetical situation which could
arise shortly and ask yourself "How would I allocate assets in
this kind of environment?
China begins to back away from dollars in a serious way.
As does Europe and other regions. This forces...
The Fed to buy more Treasuries which in turn...
Spurs an increase in interest rates because of more paper
chasing the same economy.
Gold (and silver) however, come under a cloud as reports
about 'counterfeit' or just plain outright 'missing'
reserves start to appear, which would kick the knees out
from under the role of the metals as a sort of 'last resort'
or benchmark monetary unit, at least insofar as the small
investors who buy coins and small bars are concerned.
The ripple here could be that gold coin prices could be
attacked - trapping people into paper denominated assets.
Safety in stocks? Not hardly...
Simultaneously, the stock market would be under
pressure, too, since the arrival of the second leg down
(commercial real estate) ought to be heading down around
That's the kind of problem that keeps me up at night. I
remember the 'good old days' when the investment problem used to
be picking the asset class with the greatest upside potential.
That seems to have changed, however, to where the largest
problem for most investors is better stated as "Pick the asset
class which has fewest booby traps and which has the greatest
Intrinsic value of things like gold coins, only works as long as
there is full faith in gold coins being of a certain quality.
Same goes for silver.
Oh sure, the acquisition of something like producing ag land
(trees and goats in our case) may be one way to hedge, but the
problem is that it doesn't meet two of the key qualities that
make something 'money'. It's not easily transportable
nor is it easily divisible.
Prepared people have been grappling with this one for years.
The metals being easily transportable, divisible, and having a
great historical track record, would seem to be an obvious
target of the PTB in trying to lock people into playing the
paper assets game. At the same time, slowly increasing
regulation of independent food producers, through agendas like
the National Animal Identification Act and de facto support of
chemical farming, again all serve to reduce people's options and
force them to play the game.
One upon a time, America was a place where individual freedoms
and Liberties stood as a beacon of hope for peaceful hard
working people who wanted to get ahead through their own
efforts. Seeing this, a group which I simply label the
PowersThatBe have installed themselves as a kind of protection
racket. You can have your freedoms, but not all of it...there's
And the amount of tribute seems to grow over time. Whether
it's through the obvious debasement of the currency - which has
lots over 95% of its purchasing power since 1913, or whether
it's the promise of higher taxes to come as government's here to
'help' by nationalizing auto companies, and insurance
company, or many of the nation's banks.
I notice reporting only - not so much criticism - as Hugo
"Chavez moves to nationalize Venezuela chemical plants."
Know why this is not a drum-beating event? The PTB and
their lackeys in the MSM know darned good and well that too much
criticism of Chavez might get him out on a speaking tour where
he'd explain how his seizure of chemical companies would be a
trifling compared to an AIG bailout - something that it seems to
me the power structure would not be too fond of having people
Not that it doesn't leak out around the edges
as former republicorp veep runner Sarah Plain is saying to
voters "Told you so!" It's just that she's still
nominally in the fold, and besides, a bit of criticism is
tolerated, just to keep up appearances that we're not living in
a controlled society.
Well, fine. We'll just keep spreading our bets here and there,
hoping to figure out how the House has rigged the tables in this
Casino in their favor and play along with that while eyeing the
calendar looking for the next primary election to come along,
which is where the paradigm has to shift, because it's in the
primaries where the ruling paradigm maintains its grasp by
suppressing third parties.
Well, what's this? The
Wall Street Journal's got a good op-ed piece this morning about
how "The media fall for phony 'jobs' claims".
Why, that sounds remarkably familiar. Wonder where we've
heard that mantra before?
And there's an AP story out headline "Obama
repackages stimulus plans with old promises."
'Year Without Summer'
Not only are
some parts of the US talking about a 'year without summer',
but there's an AccuWeather story you have to read about the "Recent
Upswing in Lightning." Does this mean the weather
situation is 'static'? (Don't worry, this horribly lame
attempt at a high tech pun will make sense to some...just keep
the coffee hot and keep on reading - the puns get worse from
Doesn't Ad Up
Oh sure, we've seen those stories about how ad sales are down
big-time in various newspapers. But, as USA Today reports
"Reality bites Internet as 1Q ad sales fall 5%". Not
unexpected though because we have what?
Boston Globe workers have rejected proposed wage/benefit cuts.
I forgot to mention last week's Consumer Debt report -
mislabeled by the Fed as the Consumer Credit report so it won't
be so apparent that it's the how far you're in hock report.
Consumer debt total is declining at an annual rate of 7.4%
as people slow their spending on junk products and save for
necessities only - like food and a roof. But the real key
here is revolving debt (things like credit cards) where the
annual rate is down 11% - a mere 0.2% uptick from the previous
Want a simple way to see if the economy is recovering?
Look for an improvement in consumer debt. But be careful as you
look, since if the consumer debt is going up only as a function
of inflation, that's illusory.
No California Welfare?
Could this be a Diaspora driver? "California
contemplates ultimate reform - no welfare." If they
do, here's a simple prediction: They will need more crime
You Know You're In
Bank boss sees China spurring global recovery."
Who Do We Believe Here?
chiefs dismiss safety fears over A330 jets" OR "Air
France pilots told not to fly Airbus jets after Brazil crash."
I'll walk, thanks. Usually just my ankles get wet...
Summer of Hell
missing after Peru riots." Global meme.
--- snip and save section ---
Readers Writes Tuesday
From the Inbox:
Hi George, Gotta say first of
all that I love you blog, which I discovered recently, and
am very glad that you keep us posted on the main lines of
the linguistics experiment. That in itself is extremely
fascinating, but reading you is like hearing a friend poking
fun at conformity, and I love it! Enough with the
pleasantries, I wanted to show you this article I found in
buzzflash.com discussing how the 1st great depression
happened, and how it's too early to say we are out of the
woods this time around...
Cheers from the Netherlands!
Oh, we know it's
too early to declare out of the woods - which, in case you
haven't noticed are growing faster than bamboo...
Bearing Truth here:
"George, had to replace a
bearing on the back of derschitzenflinger today. We are
lucky to have a real good bearing shop in the near-by
metropolis of 20,000. The operation went well. The machine
is back together with only $200frns.
This is news? No the news
Bearings are no longer
manufactured in the good ol' USA, period.
I am afraid this maybe true. Can
you believe? The owner says no bearings manufactured here.
Where is the military on this
and so many other things?
I don't have to tell you how big
of a problem this is. I was speechless when he told me
Hold it! Hold it!
You have stumbled upon one of those Cosmic Truths that most
people don't get! American equipment doesn't need any
bearings in it any more, since there is so much GREASE in
Washington DC. Why things are being slipped to us so often
that who needs bearings?
We still make bearings in America - maybe not the one this
Hi George, Didn't
know if you were aware of this, I'm trying to sound the
alarm by passing it on to anyone who cares about what our
country "should" be.
The above is a link to FEMA.GOV website page that details
the upcoming nationwide training exercise in July 2009.
This reader also sent a
link to a site with the headline "FEMA
web page shows martial law exercise with foreign troops" but
I couldn't find the word 'foreign' on the FEMA page...
BTW, this reader's footer
on the email said (I like this one): "If getting a credit card
were as difficult as getting a concealed weapons permit, America
would not be in the financial mess still emerging."
Prius Owners respond:
"Why mess up the back
of a Durango with hay when you only need to do that once and
a while. You can get a hitch for a Prius and tow a small
trailer. The new Prius has a bigger engine and it can surely
tow 6 bales in a trailer. I'm still cleaning out the straw
from the 4 bales of straw I loaded in our van last Fall for
Halloween. Also, I heard of a guy in WA DC that converted
his Prius into a portable generator when the electricity
went out last Winter. Thanks for the Urban Survival !"
Like I said yesterday, I don't take any more in my wallet than
about $20-bucks so I don't go doing anything stoopid when I go
to a car dealership...Pappy didn't raise no fool.
Whaddaya mean "Oh yes he did?"
"Good Morning George,
I don't know if you have seen
this, but it's quite important. I had been concerned about
this since mandatory smoke detectors, and now here's some
Some time this week, I'll fire
up the survey meter and check things out here. It won't
detect alpha though - that costs real money. Just a head's
up for you and other readers. I'm not sure what I'd do if I
Well, look, it's all very simple. People have been using
the phrase 'nuke' something in the microwave for years. I
figure this is just another example of how the whole of society
'dances' with Universe co-creating reality. We
carelessly go around using a word like 'nuke' and somehow all
seem to get surprised when things of the
nuke/radiation/radioactive type starts to show up everywhere.
Most people are not very careful in their choice of words used
in everyday conversation - and it's just this lack of low-level
filtering that the predictive linguistics project is based on.
If people were truly
auspicious in how they selected their inner (self talk)
words, most people would have a much better & happier life.
But that's the thing. Unless you understand (and act on
the knowledge) that to a much larger degree than you'd ever
believe, we each co-create our world & destiny, you'll never
rise to the heights you're capable of.
Most people I've met don't ever pay any attention to the quality
of their inner thoughts which as Plato or Jung will advice is
what our individual and collective subconscious projects onto
the outer world just as the archetypes in the
Allegory of the Cave project out onto the 'screen' of life
we deal with in our waking states.
The aware individual, however, will simply note how the word
'nuke' has permeated the language with contexts such as
microwave cooking, video games like "Duke
Nuke'em" and an expression of military and combative sports.
To be surprised that things 'nuked' or of the
nuclear/radioactive archetype should show up in places where the
contexts are used is to be unwilling to dance.
So next time you hear someone in an elevator say "I'm going to
go home and nuke leftovers tonight, I think" try to remember
that elevator buttons becoming 'radioactive' makes certain
sense, since that's where the archetype invoked by people
unaware of the power of words. It's a subtle thing... "In
the beginning ..." there was what?
Now you'll excuse me while I go invoke "winning lottery
Monday June 8, 2009
Tension Building Behind
A good report in the NY Times this morning about how
tense things are among president Obama's economic advisors
is worth study. One gets the idea that the happy-talk about the
recovery may be a bit over-done and that despite the change-out
in the Dow this morning we still have a lot of structural issues
to face yet, including the possibility of a commercial real
estate collapse and so forth as we move along into summer.
For one thing, the unemployment rate is running ahead of
expectations of most (except us, eh? Wink, wink, nudge,
nudge...) and the much-touted 'things are looking better mantra'
that became apparent in the
linguistics about 9-months back is here. The rhyme off
"Good Times are Just ahead."
You can see it in a chart that I did for Peoplenomics
subscribers this weekend, too. The current circumstance is
looking more and more like 1929's Great Depression, when
compared with the market breaks in 1919, 1987, 2000 and now.
Not exactly confidence inspiring.
Tomorrow, wholesale inventories are expected to be down about
1%, anything more in the way of inventory building would be a
negative for the market.. Wednesday brings the balance of
trade figures, but since the latest figures for the
Port of LA are down 15% year-on-year, while outbound is only
down 4.23%, anyone with 31-cents worth of brains would
expect the trade gap to narrow.
If you like reading light fiction, you might tune in for the
Treasury Budget on Wednesday afternoon.
Retail sales and business inventories come out Thursday, which
is not exactly a nail-biter. If you want one of those,
wait for the University of Michigan's consumer sentiment report
on Friday. Best guess is that it will be about 70.5 from
it's previous 68.7, but a downside surprise can't be ruled out.
Just depends on how many gunpoint-vacation auto workers showed
up in their polling.
Seems to me like the rally may continue into next week - which
is options week - and perhaps a bit of selling by late in the
month as portfolio managers try to book some profits before
repositioning into early July. If you want to play the
last of the rally up to the 9,600-9,700 range, that might be a
decent game plan to ponder.
Not that this is financial advice. Although I've suggested
before that since everyone except us seems to have gotten all of
this spectacularly wrong, your investment advice money
might be better spent on I-Ching sticks, a set of rune stones,
At least then, you'll know what kind of trip you're on.
Wall Street is doing a fine cross between Prozac withdrawal and
Alzheimer's, best I can...er...where were we? Oh
Sunday was the coldest June 6th of record up in Green Bay
North Dakota snow
this weekend was the first in nearly 60-years. How
cool is that? You know about the
"Ice Age Now" site, right?
That new deck I build on the front of the house - which Elaine
was a tad skeptical of - has turned out to be a real treat in
the afternoons with this being an unusually cool and non-humid
late spring here. Thank you to Wisconsin for keeping the
weather nice and mild in the nation's midsection. Just
remember to turn things up for the crops along in here
somewhere, thank you.
Fifteen more bodies have been recovered from the Air France
crash site. My bet? 50 bodies will be recovered.
Would fit predictive linguistics.
NK's Bargaining Chip
North Korea finding
two reporters for "Current" have been sentenced to 12-years of
hard labor in North Korea. White House is
appropriately concerned. Seems to me like it's a chip to
I see here where "Canada
passes "Buy Canada" type resolution." I'd caution our
brethren to the north to calm down that kind of talk, lest the
Chinese hear it and decide "Yeah, not a bad idea...." They
have enough FOREX floating about they could probably write a
check. If someone would take that many US dollars, LOL.
But seriously, I've long been a supporter of "Buy Canadian"; as
in Maple Leafs and we ain't talking hockey.
There Be Pirates,
Pirate Party has captured a Euro seat. Salient quote: "The
party wants to deregulate copyright, abolish the patent system
and reduce surveillance on the Internet."
Say: How about an open-source Congress here instead of the
lobbyist-free-for-all-bidding festival that skims the tables in
the Washington Casino? As I have noted before, it's
shocking how many first-timers go to Washington flat broke and
return 10-years later will millions that no, dear, didn't come
from salaries and working for strictly their home district
My tip-off that something is fishy back there came from the fact
they can't get a balanced federal budget or control all the
money-printing and still they get phat. Know what
I'm saying? Is it primary time yet?
--- snip and save section ---
The Long-term Outlook for Travel
I've often held that early 21st century humans take for granted
the idea of going anywhere in the world, more or less at the
drop of a hat. Not that I haven't traveled, having logged
somewhere north of a dozen countries. But there are signs
about that this will be coming to an end at some point.
The hints in that direction?
The problem with these kinds of headlines is that they bring
into focus larger factors. Specifically, all the jobs
which have been created - and maintained - by a growing air
transport sector. Think about it: Rental car fleets
(sorry Detroit) will likely be pared back, hotel construction
will slow, and at that has all kinds of ripple effects at the
secondary and tertiary levels into the local economy of just
about every big city I can think of.
What would a trip to L.A. be without a trip to legendary
restaurants and old haunts? The Smokehouse and Dimples,
not to mention the new location of the Baked Potato - and what's
up at City Walk? No, I can't give you stats on how much of
the trade comes from air travel at those places, but you got the
That's what separates the concept of 'recession' from
'depression.' In a recession, as lagging sectors of the
economy start to feel real pain, the leading sectors of the
economy are already pulling out and the turn is in.
The danger we face today, especially since the derivatives and
banking problems are still out there, is that we don't have
sectors in what I'd call a recovery mode yet. There's the
hope that the optimism on Wall Street will mean
something, but I'm not holding my breath.
By the time November comes (when it's absolute low season in the
Caribbean and a time of tremendous travel bargains until
November 15th or so) I expect a lot of Caribbean carriers will
have c load factors so low that (as an old airline joke goes)
"We could make more money using the interior for a bowling alley
or archery center..."
Has Mr. Grump talked you out of buying airline stocks thinking
their cheap? Like I said in last Saturday's column:
I'm not expecting the 'bottom to be in' on the current decline
until 2013 and by then it will be a whole new world. Look
at the factors that drive airlines (passenger load factor, fuel,
and operation costs like landing fees, gate costs, staff, and
now another tax is out there) and ask yourself this: "Is
this the best bet in the Casino?"
You tell me.
Airlines worldwide will lose $9-billion this year - and
that's before the other shoe falls.
Let's Make a Deal
OK, I have to admit it: When I go down to the local
Chrysler dealership later this week to get the annual safety
tags on our farm truck, I will be sorely tempted to buy an SUV.
Decent mileage, and low interest rates aren't the only things
weighing on me: So are reports that "Chrysler
dealers scramble to unload vehicles."
Figure it's best to make that trip with only my drivers license
and the safety check fee. The rest of the wallet needs to
stay home, LOL.
No, thinking about an SUV here in the East Texas outback is not
a bad thing. We don't have too much in the way of public
transport, except a pair of comfortable walking boots. And
there's a report
today that says 'green' transport - as in public transportation
systems - may not be so green after all. Oh:
they mention SUV's may not be all that bad, after all.
Besides, where am I going to put a few bales of hay in a Prius?
I could probably get four in thge back of a Durango, if need be.
Prius sales are down 45% this year in the US, but still
doing well in Japan.
Here's one that says "Gender
test spurs abortion fears." Been there, done that.
But look: when my kids were born it was handy knowing the sex of
the kids in advance. Rooms were painted appropriately and
the clothing could be bought in advance. Seems to me
that's useful stuff to know ahead of time, although it does
maybe siphon off a little bit of surprise.
could cut Windows 7 list price to $100" says a ComputerWorld
Elsewhere I see that
W-7 won't be out until October 22, or so. No hurry
But what I find myself wondering is this: I still have an
XP machine that is screaming fast and although the Vista 'aero'
graphics are maybe a little softer on the eyes, and the UAC
feature has been a mixed blessing, I wonder what would be the
point of upgrading?
Not that I won't do it...just not sure that more sidecars and
widgets are going to improve my life much. When my son was
down visiting he asked me to make his computer run faster and I
did the half dozen things anyone can do to speed up their
remove unused temp files
defrag the hard drive
install Maxa-Tools and do the upgrade. Even though he
had been diligent about emptying his internet cookies,
Maxa-Pro found 263 browser independent cookies on his
machine - and since he hadn't cleaned in a while, more than
a thousand were found in all. Gee, think that will
speed things up? Why isn't my operating system doing a
better job of housecleaning, huh?
Uninstall all programs that you don't use on a regular
Do the driver updates for your wireless and video, hard
drive accelerator, etc.
Clean out the unused 'services' that launch on startup and
remove unused programs.
Once I did that to his machine (XP pro) it was screaming fast,
Install and use automatic backup scheduling, and guess what?
Get job done and then pour coffee and head for sunrise on the
deck with the cats.
Got up at 3 AM today to take G-2 to the airport, so right about
now, a snack and the pillow sound like dandy things... see you
in the morning unless be stuff happens. Shouldn't though:
Summer's supposed to be lazy-time..
Monday Morning Sales Meeting
If you haven't seen it yet - and it fits fine with last week's
Peoplenomics report' -
you might play "Mad Avenue Blues' at your Monday morning sales
meeting. (video). A take-off on Don McLean's
oldie "American Pie"...
"We were singing bye bye those big upfront buys,
Pitched my client who was pliant
But the pitch didn't fly
And old ad men were drinking Martinis dry,
Singing 'tech has taken us for a ride..."
A little reality, a little humor. And a whole lot of truth
to deal with....
Monday Morning Advisory
- Dow Changes
This morning's report
should be posted about the usual
time. I have to run to the airport to drop my visiting son
off so he can catch a 5:30 AM plane back to Seattle.
Been great having him visit for the past week. Target
practice, working on a 33' high lift trimming trees, working on
the well drilling, and the list went on and on. Great time
and then a dinner last night of crab, steak, big salads...oh my.
Anyway, been working for about a half hour now getting things
ready for the week.
On the way back from the airport, I'll be trying to figure out
what the addition of Cisco and Travelers will do to the Dow, but
I think the change-out had something to do with last week's 263
Last week's report is located here or
here, so if you're needing an 'urban fix' hang in there
until 8 - may be a few minutes late even then because the high
lift rental folks will be picking it up and it's polite to help
loading it back on the trailer.
Say, you know if you ever get tired of trading and doing
something boring in the city, playing on a scissor lift is just
hella-good fun. Yee haw!
Back sooner than....
Once upon a time, a long while ago, I observed during my quest for
'truth' in economics, that the PowersThatBe, the talking heads on
the teeve, and the other information sources that actively engage in
the programming of humans not to think, had conveniently swept
several trillions of dollars that disappeared in the Internet
Bubble's bursting (since spring 2000) under the rug. Surely,
it wasn't unnoticed by the thousands of people who called brokers
and said "Where is my money?" "Gone, but hang in there as
you're a long term investor!" was about all they heard back.
So one of our
charts for Peoplenomics subscribers oughta be widely circulated - it
shows that if you line up the peak of the Dow in January 2000 with
the peak in early September of 1929, we're on a very very close
replay track. Much closer than even the chart shows if you
were to back out inflation, and put in the effects of 1929
deflation, but that'd be real work, and I'm sort of lazy if the
truth be told.