You may want to check yourself in after reading the latest G’ment report on such things as personal income and personal savings.
Personal income increased $67.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $61.5 billion, or 0.5 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $37.4 billion, or 0.3 percent. In June, personal income increased $59.4 billion, or 0.4 percent, DPI increased $52.4 billion, or 0.4 percent, and PCE increased $31.8 billion, or 0.3 percent, based on revised estimates. Real DPI increased 0.4 percent in July, compared with an increase of 0.2 percent in June. Real PCE increased 0.2 percent, compared to an increase of less than 0.1 percent.
And on personal savings, get ready to slap your knee or grab the ViseGrips on this part:
“Personal saving — DPI less personal outlays — was $651.1 billion in July, compared with $627.3 billion in June. The personal saving rate — personal saving as a percentage of disposable personal income — was 4.9 percent in July, compared with 4.7 percent in June.
No one I know saved 4.9% last month. Maybe its because a) all my friends are married or b) could the G’ment be lyin? I think I will opt for the bankster class is making so much money the rest of us don’t need to save a frigging dime and the numbers still go up.
Lesson for small children: This is why is is to important to use computers to build a super-fast illegal front-running scheme (use lobbyists to sell it) so you can shave a fraction of a cent off every stock trade there is and then run the market up and down now and then so you can salt away enough skim to last for a while. Capishe?
Lesson for Grad School Students in Economics
The press release claims this:
Personal outlays — PCE, personal interest payments, and personal current transfer payments — increased $37.7 billion in July, compared with an increase of $36.5 billion in June. PCE increased $37.4 billion, compared with an increase of $31.8 billion.
But if this is true , why is there no inflation, then??
Coping with obvious contradictions like this makes a fine case for substance abuse, so see yah at rehab.
Dow futures down 112 when I looked.
You Probably Thought I was Nuts
When I posted the S&P 1,820 idea for a week after Labor Day.
But behold, this morning the Dow is set to drop 100 and the S&*P is likely to follow.
We will go through all the charts, have a chat with Robin Landry in tomorrow’s Peoplenomics, and continue the good work of “staying out of the ditch.”
The POINT of BORDERS Is?
There is a very interesting thought to bounce around in your spare time this weekend.
Who – or what process – is trying to make borders meaningless?
I have been watching a good bit of FTA TV coverage, not making the CorpStream about how people from Greece are trying to get into Macedonia like mad. Non EU country but a path for illegals to slide into the EU.
Reader LowKeyMike raised a great point on the discussion board here, noting that the AP Stylebook does not provide for the term “illegal” to be used as a noun. And, I can assure you from experience, a lot of editors still look at such books at Gospel behind which they can cower and defend wrongheaded, behind-the-times thinking.
Dictionaries do a terrible job of keeping up with actual human condition changes. Not only do they take forever to update, it’s a key reason why we pay such close attention to www.urbandictionary.com.
Click over here and you will see that current colloquial Engrish (sic) uses illegal alien a LOT and thus, because we communicate with people not corporate suck-ups who might be able to fire us, had electrons not replaced ink.
Still LowKey is right, the correct term should be “foreign infiltrators which is even more politically incorrect but grammatically more correct.
It is also very descriptive of about half of today’s news events. A sampling:
Mexico warns Texas not to refuse its immigrants‘ babies (*Since when did Mexico dictate policy to Austin? Our governor Greg Abbott knows better than listen to such crap. I may not be the only person to see a parallel between Univision and Tokyo Rose. We havbe seen such agitprop before, witness Radio Liberty and Radio Moscow. Need I expand the list, or are you follow?)
Somewhere about here, if you have enough caffeine and you have passed our UrbanSurvival Reader IQ Test, a pattern should begin to emerge.
The criminal elements of the world are polarizing. Having taken over many governments around the world (and to some extent our own – and don’t start me on lobbyists being a cartel) we see counter governments cropping up (as in Mexico’s cartels_) and the mass marketing of the counter governments which instead of paying people with money, do so with a) being allowed to live and to make money in drug and human trafficking.
Seen the Sinaloa stickers in big Texas cities? You don’t see Quintana Roo stickers, but then again, there’s no QR cartel marketing. But give even that time.
So the weekend ponder goes something like this: The world is sliding toward anarchy and Ure’s truly has some suspects in mind as once all national borders become corrupted a One World Government will have a much easier time declaring itself.
People don’t play chess much any more. But as borders fall (thanks Obama! Thanks Bush! Thanks Clintons!) national integrities fall as well.
All that remains is to get enough foreign infiltrators into the EU, America, Canada, and some other likely hold-out spots and presto! One World.
Which is why we’re pretty confident that a fifth and final great wave up in the economy will wash through over the next couple of years. And then the plug will be pulled and lights out for Liberty.,
But who do I know? I just read the data at the macro level.
Speaking of Chess
Our oak leaf cluster consultant checks in:
Good Day, George!
The gauntlet is officially thrown down by the Israeli PR machine to the U.S. Congress – reject the Iran deal or Israel faces unending persecution by Iranian funded and supplied proxies. That will ride firmly in America’s shoulders.
My interest is keenly focused on what Israel might do if events proceed towards congressional approval of the nuclear deal. My bet is, should Israeli saber rattling fail to derail approval, shortly after the deal is consummated the Jewish state will take decisive action, first against the proxies, then (if necessary) against Iran in some way, shape or form.
Does that mean armed attack? Perhaps, and perhaps not. Israel has many means at its disposal, and they never cease to surprise and amaze in their resiliency and effectiveness.
This situation bears close watching. The chess pieces are definitely in play. Israel has congress in diplomatic ‘check.’ How congress decides to counter will firm up the strategies for both sides with regard to the remaining moves.
Two years to checkmate. Not sure how many moves it will be, though.
Why the TV Show “Suits” Matters
I mean other than Louis, who is a great actor, and Donna is incredibly cool and all, the underlying message of the show is very interesting when you sit back and think about it.
The story line (in case you live under a rock) centers around Mike Ross, an orphaned kid who grows up absolutely brilliant. In a drug deal gone bad in the opening to the series, he gets hired by a major N YC law firm after faking that he’s a grad of Harvard Law. Then he goes on through five seasons of being very successful until he quits in this week;s latest epi.
But that’s not why I mention this.
It’s because the show makes the very long-term point that a college degree doesn’t mean a person is “smart” and it may not even limit their income potential if they are willing to bend things a bit.
Which (is it time yet?) gets us to this point.
That, my apprentice, gets us to the question that will confront Americas for the next year and three months.
Do we want politically papered people running this country or “smart” people?
My vote is for smart. And can we turn the teleprompters off, please?
Which gets me to mentioning that the only two GOP guys who can work effectively without a prompter going (Ted Cruz and The Don) will be making a joint appearance at a stop the idiotic Iran Deal rally upcoming.