Coping: Back to the Global Warming Debate

My head’s beginning to hurt again.  This whole topic is like a cross between an Excedrin headache and the Energizer Bunny – it hurts like hell and it just keeps running, and running, and…..

So here’s this email from Oilman2 to launch with the first cup of bean:

Global Warming – pander no longer… unless it is generating you lots of profits…

[ Link to Dr. Roy Spencer’s site “95% of Climate Models Agree: The observations must be wrong! ]

Remember that I once told you that the entire industrial revolution is as thin as the hair on a gnats ass when looking at geologic timeline??  Remember me telling you we had 20+% more CO2 in the Permian and more still Carboniferous periods??

George, remember your adage, like Occams Razor…??
“Everything is a business model”

I think the science is unraveling the hype at lots of levels, but especially when the UN starts backing away.  Time, I think, that you took a stand. Just back it up with good links about the solar condition, its effects on our other planets and sites like the one above.

Unless it will lose readers…??  But I think it will actually gain some, with an article like, “Climate Change: Who Is Making the Money?” or “What Will Institutions and Goverments Do When People Refuse to Believe Pseudo-science?”

Oilman2

Well, we already know some of the answers to that.  We know Al Gore, for example, would have to cobble up a different speech for the rubber chicken circuit without the marketing angle of warming.  We know that Agenda 21 and the move by non-representative government to keep the public off public lands has skin in the game.  And we know that carbon trading is like swapping wife-beating credits. Or husband-beating credits, to keep the analogy egalitarian…

It’s like the old joke around Wall Street:  “So, where are the customer’s yachts?”  Guffaws among the rich follow….

Obviously, Global Warming is a marketing deal, but then look around you and ask “What isn’t?”

Yesterday’s Peoplenomics discussion about why studying earthquakes is important if you want to understand financial markets is related to the issues raised by global warming.  Except in a different sense.

You need to go back to the classic Report from Iron Mountain ( On the accessibility and Desirability of Peace)  to come up with the real driver:  People only accept the “rules of government” if there are some damn good reasons to.

Although Leonard Lewin’s book was widely discredited as a hoax for pointing this out, there’s another group that believes Lewin may have changed the names and places around, but as to the ideas?  Nope…they’ve stood up to the test of time really damn well.

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Peoplenomics: The 1342-1345 Problem

Not to go completely “long-hair economics” on you, but we only have about two weeks from today before I expect the whole European-expansionist crap (backing through economic proxies dissent in Ukraine) to begin blowing up in a serious way because THAT will be when the Sochi Games are over (closing ceremony: 10 AM on the 23rd) and it give enough time for the visiting PTB to get out of town.  So this morning we look at two important questions.  The first was asked by my friend Cesare Marchetti in a paper included in “Kondratieff Waves, Warfare, and World Security” [NATO Security through Science Series, E: Human and Societal Dynamics Vo. 5], 2006.  And that other nasty bugger, the socioeconomic collapse that Rolfe A.A. Witzsche writes of in his “Roots in Universal History.”  Both of which are potentially quite useful to study in light of the coming end of not just the Sochi Games, I’m afraid, but the period of quiescence we’ve been in since the initial decline off the global market peak in December.  But enough!  We’ll have no further deep thoughts until we first have coffee and agree the world is just as FU’d this morning as it was yesterday…

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Beyond Silk Road: Chart Practice With Bitcoin

Normally, this is the kind of topic that would be reserved for Peoplenomics subscribers, but because it’s a broad interest area, and because speculation is so damn much fun, and since you’re going to share this article with 5 of your closest friends (right? right?) I’m going to have a discussion with you this morning about the outlook matrix for bitcoin.

If you have been following the press reports lately, you’ll know that there have been some real issues for the cryptomoney folks over the past week and this is on top of the US feds moving against some of the bitcoiners who MAY have been involved, ever for peripherally, in the Silk Road case, which – if you live under a tree – was the net’s largest [purported] clearinghouse for online drug deals.

Whether or not the $164-million worth of bitcoins is actually recovered by Peter Ward is something that’s only of passing interest.  As far as I know, he’s not a subscriber.

Seeing as or own drug use us limited to the OTC and Dr. prescribed sort, we naturally wouldn’t know about anything else, unless we were in Colorado or Washington, and in the latter case, we’re properly licensed and might have some additional insights…but I digress.

Bitcoins, when I looked this morning were being quoted on the MtGox boards showed $571 –$575 dollars to the bitcoin. And bitcoiners had every right to be nervous Monday because of problems at Mt. Gox.

While I’m in the “Who cares?” camp – even now – there is a huge learning opportunity that comes from a review of charts of bitcoin prices.

As you can see (right, click to enlarge), there are at least four ways the market could react going forward from today.

Left to right:  The first possibility is that there will be a larger Elliott wave “three up” arise.  In which case, we wouldn’t be surprised to see bitcoin prices soar to perhaps the $3,000 range.  No, that’s not a prediction, just how that Elliott count works out.

Our second Elliott outcome isn’t so pretty.  Under this one, the peak is in, we have had one wave down, we’ve also finished the “wave 2 bounce” and we’re now headed straight to perdition.  Again, not a forecast, just one of the chart options on the table.

The third choice would be that price action is telling us this is a pendant and when pendants appear, they often roar ahead so that the next move up, starting from the pointy end of the Pendant formation, will be about the same distance up as the “flagpole” part of the move.  Pendants (says my copy of Technical Analysis, 7th Ed.) tend to be “middle move” indicators, which often happen about halfway through a major market rally.

And then, last, but not least, is the “fading into history” which is also a possibility.

If I were a lot younger, I might speculate and buy a few hundred bucks worth on the chance that the Elliott (1) count or the Pendant are in play.

Historically, Bitcoins are a terribly important marker of where we are in the Second Depression.  That’s because they are an almost perfect rhyme off the S&H Green Stamps phenomena that took root and blossomed in the Great Depression:

S&H Green Stamps (also called Green Shield Stamps) were trading stamps popular in the United States from the 1930s until the late 1980s. They were distributed as part of a rewards program operated by the Sperry & Hutchinson company (S&H), founded in 1896 by Thomas Sperry and Shelley Byron Hutchinson. During the 1960s, the rewards catalog printed by the company was the largest publication in the United States and the company issued three times as many stamps as the U.S. Postal Service.[1] Customers would receive stamps at the checkout counter of supermarkets, department stores, and gasoline stations among other retailers, which could be redeemed for products in the catalog. [2]

S&H Green Stamps had several competitors, including Gold Bell Gift Stamps (in the Midwest) Triple S Stamps (offered by Grand Union Supermarkets), Gold Bond Stamps, Blue Chip Stamps, Plaid Stamps (a project of A&P Supermarkets), Top Value Stamps, and Eagle Stamps (a project of several divisions of the May Department Stores Co. of St.

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Coping: With That “Wintry Mix” / Weather Preppers

Fool me once…” seems to be the right way to face the snow and ice in the US Southeast.  There is no end of hand-wringing and one press report I read was lamenting how a local store the reported had checked on was down to “corn and asparagus” – which may not be such a bad thing.   Especially because of the purported anti-cancer effects of a heavy asparagus diet.

I don’t know about you, but for me, the joy of eating asparagus is eating some, then racing to the closest restroom to “beat the smell.”  I haven’t won yet, but next time I eat asparagus, it will be in the throne room with a stopwatch rolling.  Science will win eventually.

A couple of readers chimed in on the “wintry mix” note Monday.  One being Tom in Illinois:

It seems like in the old days ( pre-2000’s) we only got significant icing (“ice storms”) very infrequently….

but my point is, something seems to be changing, I don’t know what.

I used to blame it on global warming, ( makes sense, you need warmer layers of atmosphere for winter rain) but who really knows, with the demise of that paradigm? Just more food for thought. We seem to be wrecking the planet  in many unexpected ways.

Right Tom is, of course.

Our next item of note is how the National Weather Service is moving into the space of preppers by putting out an advisory like this one:

WINTER PREPAREDNESS KITS FOR VEHICLES.

IN CASE YOU GET STRANDED IN YOUR VEHICLE DURING WINTER WEATHER…IT  IS IMPORTANT TO HAVE A WINTER PREPAREDNESS KIT IN YOUR VEHICLE.

THIS KIT SHOULD INCLUDE…A SHOVEL…WINDSHIELD SCRAPER WITH A SMALL  BROOM…FLASHLIGHT…BATTERY POWERED RADIO…EXTRA  BATTERIES…WATER…SNACK FOOD…MATCHES…EXTRA SOCKS…HATS AND  MITTENS…A FIRST AID KIT WITH A POCKET KNIFE…BLANKETS…JUMPER  CABLES…EMERGENCY FLARES AND A FLUORESCENT DISTRESS FLAG.

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Market at a Crossroad

Stock markets around the world are an an interesting juncture this week, according to our Trading Model.  Seems if there’s a decent rally, the market could zoom off to new highs before our usual “Sell in May and go away” period.  Except, the other side is that if the markets do break down in the next week, or so, we could be in for a major bloodbath in roughly the same period.

Anyone who is even halfway serious about making free money from Wall St. knows it doesn’t matter which way the market is running; trades can be put on either way.  And, despite the periodic demonization of short-side players, there always has to be someone to take the other side of a trade – or there’s no market!

A look at Asia shows a pretty decent (1.77%) rally in Japan overnight and a small quarter percent loss in China.  European markets are nearly as exciting as a bowl of spaghetti.

Which I mention in case you’re trying to “noodle” what to do with your vast fortune:  Don’t think…wait for the market to make its mind up and go with the flow.

The market could “tread water” until the end of the week, too.  It will be Thursday before we get retail sales, which should be down a bit, partly because the number of jobs added in last week’s unemployment data was weaker than the Hallelujah Choir was hoping.  But the real numbers to watch will be out Friday morning when the Fed’s industrial production and utilization arrives only to be followed within the hour by the leading economic indicators.

Sure, the market might move one way, or the other, a bit.  But the real direction may take a bit of doing to sort out.  So if you work on Wall St. this might be the week to take a few days off before things begin to get nutty again.

As the World Spins

I mean this very (or at least mostly) seriously:  This is a very hard week for serious news junkies because so much of the stuff which is making headlines is either inevitable or just plain “don’t matter.”

Take the case of the first NFL football player, Michael Sam, coming out as being gay.  It that going to change anything in the NFL?  Nope, not likely.  Other than  the LBGT movement is one of the few growth “industries” around anymore, it’s not going to impact my plans to try out for the NFL.

What’s much more likely to impact my relationship with football is the fact that I don’t think there are any (repeat ANY) 65-year old walk-ons in the game.

Since media all have to come up with different “angles” on what’s essentially one story, we can’t help but notice that the fact Sam is from Missouri has made it into a few headlines
What, like there aren’t gay people in every state?

In our never-ending efforts to point out how the Universe serves up wryrony in heaps and gobs to aware observers, I’ll remind you that Missouri is  what?  The Show Me State.

You can make up your own ending, punchline, or social comment from here:  I just give you the set-up material.

My Swiss Cheesy Immigration Note

By a thin margin, voters in Switzerland have voted to bring back a strong immigration policy.  Which means that now they have crossed the uber klassen of the European Union leadership (a term used advisedly) because the EU thinks that people should be able to come from all manner of poor and oppressed downtrodden backgrounds and be free to trash the home of the gnomes of banking.

Needless to say, the home of the gnomes ain’t to keen on the idea.  For one, it might bring down the term  “average” a few notches.

Not that this has anything to do with the immigration mess here in the US where we have put ourselves into a “must do” on immigration because without it, government programs like Social Security will blow up sooner than later.

But it does get us to wondering if there is anything like a global ranking of national IQs of registered voters.

Well, lookie here!  There is such a ranking.  It shows that Swiss are still ranked 101…slightly above the 100 average IQ.

What’s more, a little study of the data says that Canadians have gone from an average of 97 in 2002 to a more recent (2006) reading of 99.

The average IQ in America, says the data is actually 98 and that prolly explains a lot about voter apathy and who we put in office, doesn’t it?

And, as for my contention that opening up the floodgates of immigration with Mexico would bring down America’s average IQ even more is supposed by the data that says Mexico’s  average IQ was 87 in 2002 and it’s only up to 90 as of 2006.

Know why we won the Cold War with Russia?  I mean besides bankrupting them on defense with the help of the Marcos Gold?  Russia’s average IQ  at the time was 96…up to 97 more recently.  Freedom makes people smart.

So what we SHOULD be importing, instead of Mexicans (suggests the data, not me) is North Koreans.  Average IQ 106…or better, Singaporeans or Honk Kong(ese?)?  Average IQs of 108.

Unfortunately, Canada’s already got that locked up, but look at data on India where all those special visas are being handed out by the high outfits.  You see what?  Maybe people from India aren’t supermen at all…maybe it has more to do with corpslimes trying to get the work done by the cheapest available resource. And yes, that’s why the corpslimes have their eyes on Africa, next…exploitation is profitable as hell.

Gee, what a novel concept, huh?

Ruthless Hillary

No, I have no idea why the Drudge Report is covering the stories about Hillary Clinton’s bid for the White House so early.  Reports like “The Hillary Papers: Archive of ‘closest friend’ paints portrait of ruthless First Lady” aren’t going to make her quit the run…

Clinton has been busy retooling her Benghazi actions and now looks like David Petraeus is endorsing her.  If she wins, expect Petraeus to get a gov gig…which is how this stuff rolls.

Meantime, if someone could slip this Wikipedia entry to Matt, that’d be useful, methinks.  Familiarity Heuristic.

In psychology, a heuristic is an easy-to-compute procedure or “rule of thumb” that people use when forming beliefs, judgments or decisions. The familiarity heuristic was developed based on the discovery of the availability heuristic by psychologists Amos Tversky and Daniel Kahneman; it happens when the familiar is favored over novel places, people, things. The familiarity heuristic can be applied to various situations that individuals experience in day to day life. When these situations appear similar to previous situations, especially if the individuals are experiencing a high cognitive load, they may regress back to the state of mind in which they have felt or behaved before. This heuristic is useful in most situations and can be applied to many fields of knowledge, however, there are both positives and negatives to this heuristic as well.

Which is why ‘Merica is F/U’ed:  We vote for the familiar rather than best, novel, or different.  Which is why we have a couple of national aristocracies, and the Clintonistas is one of them.  So after Ma Clinton is done in the WH, it will then be time for the daughter to move up ther food chain…kinda like the Bushistas are working their aristocracy.

It’s a brand, don’t you get it?  We keep shopping at the same stores and electing the same has beens because we’re what?  Idiots!

Say, maybe our national IQ is lower now than it was in 2006 – you think?

Power Mongering

Turn about it fair play, figure the Iranians.  So they are sending some military might (a couple of ships) close to the US in order to make it known that we are not the only country that can project force.

Meantime, back home, the Iranians are getting simulated bombings of Tel Aviv and of a US aircraft carrier.

When we do it, it’s called Hollywood.  When they do it, its suddenly propaganda. 

Syriasly

More talks in Geneva.

You know, Syria has a government.  Just like we do.

Now, how would the world act if China or Russia started arming street gangs in LA and calling it a “resistance movement?”  Obviously, that wouldn’t go over well.  But when we do that in Syria it gets labeled peace talks. 

Weirder and weirder every day, ain’t it?

Meantime, the US/West/EU are promoting the uprising in Ukraine the same way, selling the EU and the kinder, gentler brand.

And so, Ukraine government (backed by Russia) has upped the ante by putting anti terrorism forces on alert, and that’s a kind of code word for “Look out for those western backed trouble makers…”

I just wish a big war would break out somewhere:  We need it for the economy otherwise we’re going to be reading forever about stories like creating government jobs for a million a pop.

You see?  This is the kind of back-end problem war fixes….

Do Process or Due Process?

Here we go again…another report that an American citizen – dumb enough to throw in with al Qaeda – will possibly be the target of a US drone strike.

So when you leave America, do you give up rights to due process?  I must have missed that in the Constitution…I was pretty sure I’d read the whole thing.

But then again, I probably missed the part of IRS taxing you after you leave America even if you renounce your citizenship. 

Being an American anymore is kind of like having a tattoo  that won’t come off…   Which gets us to…

Bye-Bye ‘Merica

Say, you don’t think that’s why a record number of Americans renounced their citizenship in 2013, to you?

You gotta read the Forbes article because it’s a girsly reminder how (just as in pre-War Germany) we’re slamming the exit doors shut and punishing those who do escape from citadel ‘Merica.

Quaking Hills

Three minor quakes in the hills of Hollywood are making news. But if you put out a big SoCal paper and it’s a slow news week (like now) what do you write about?

Personally, I’m guessing a big truck on Barham or on the Ventura could have done almost the same thing, but if L.A.

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Coping: With Free Monday (no, for real…)

This week’s “Monday ramble” begins with a note from reader Chris that really made my day Sunday…and I think it will yours, too…

Periodically I do searches for unclaimed property for myself and people I know. Today I decided for shits and giggles to also throw in a few other people’s names including yours. I usually use this site www.missingmoney.com for my searches. Then I end up going direct to each state where more details are available. This one is for Texas: https://mycpa.cpa.state.tx.us/up/Search.jsp where is shows that Direct TV owes you $51.58 from 2011. Also looks like George junior is owed some money in Seattle. You have some small amount of money waiting there too: http://ucp.dor.wa.gov/default.aspx . George juniors appears to be in the amount of $50-$100. Just thought you might like to know.

Near as I can figure it, the www.missingmoney.com is a semi-official collaboration of many states – but not all.  I was going to run a check for a buddy of mine in Hawaii, for example, and was disappointed to see that Hawaii doesn’t appear to be one of the states taking part.

Still, there were other people we know who were due for some cash: One of Elaine’s boys, in addition to G2.  And one of my flying friends.

I was going to tell one of my neighbors that he’s got several items worth claiming, but I though he might think that I’d gone over to the dark side with computer surveillance of neighbors…

No, you’re not likely to get rich, since most of the money is small amounts, sees liker $50-bucks, or so.  But overall – at least insofar as our little slice of dough – the work to fill out the online claim form, and then gather up and mail the related backup documents worked out to working for $300/hour.  Hell yeah…I’m that guy.

Have fun with it and save some of that new-found money for a Peoplenomics subscription and a Valentine for your S.O.

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Nostracodeus Update: From “Outbreak” to “Epidemic”

Say…not to intrude into your weekend, and such, but I just had a call from Grady, chief wizard of code for our www.nostracodeus.com website project. You need to click over there and see what has happened in our language studies: We’ve been seeing the nasty little word [ outbreak ] in the runs (both on my servers and his) and now the word is transitioning into “epidemic.

Peoplenomics: Social Security – Why I’m Retiring Early

This is not one of those “I’m going to retire early because I want to get something back for all those payments I put in,” kind of stories. This is a story about how to optimize when a person who is just coming up on the NRA (normal retirement age in Social Securitese) has to “run the numbers” which was one of this week’s important projects around here. Even if you’re not going to retire yourself shortly, odds are that you know someone who is just about to hit the “graying out” age and it’s useful stuff to know. Oh, and along the way? You’ll find how the Social Security rules screw people born before June.

Gobs of Jobs

That’s the main idea that folks on Wall St. and in Washington would like to put out there, except whether it’s believable is another matter.  We begin with the data just released by the Labor Department:

Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in construction, manufacturing, wholesale trade, and mining.

Household Survey Data

Both the number of unemployed persons, at 10.2 million, and the unemployment rate, at 6.6 percent, changed little in January. Since October, the jobless rate has decreased by 0.6 percentage point. (See table A-1.) (See the note and tables B and C for information about the effect of annual population adjustments to the household survey estimates.)

Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent), and Hispanics (8.4 percent) showed little change in January. The jobless rate for Asians was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.

Next, we take a look at the “estimated into existence” numbers that come from the CES Birth-Death Model.  But that data set *usually found here* hadn’t been updated at press time.

A couple of other key numbers to slosh around in the old noggin:  One is the labor participation rate which picked up 0.2% to 63% of the workforce.  The absolute number of employed was up too…by 638,000 workers.

Also, the table U6 number (alternative measures of labor under-utilization) dropped to 12.7%  from 13.1%.

All of which is likely to lead to a 75-point rally in the Dow at the open, or thereabouts.

One more number to keep an eye on, and it will come in the final hour before the market closes today:  That’s the Federal Reserve data on Consumer Debt (which they call credit, but it’s all about them, isn’t it?).

Current 3-month M1 print rate is now screaming along at 9.3% rate annualized.

So if prices are going up 2 1/2% does that mean deflation is 7 1/2%?

Hype-Coins Biting the Dust?

I couldn’t help but notice that the (much touted and hyped) price of Bitcoins was down to $683 when I looked earlier.  Not to say that they won’t have another rise – who knows?  But the reason du jour for the drop is that a Japan based exchange is troubling things and that leaves the future of Bitcoin (some claim) bright, but (to me) questionable…if that makes sense.

From the top:  As I’ve consistently told you:  Bitcoins do not end any federal tax obligations, they aren’t backed by anything, any more than the dollar is, and they have the additional risks of being hacked at some point as well as requiring a computer and the internet in order to work.

As we’ve pointed out before, on balance, that $100- bill in your pocket looks like it still works about as well in comparison and it bring the tax avoidance worries that go with crypto currencies.  Yep, I’m old school…

But seriously:  As clever as financial commentator Max Keiser is with his logic  behind claims of superiority of his new MaxCoin, we have to wonder why anyone would be silly enough to trust a pseudo currency backed by a pundit and computers versus staying with a currency backed by  (lemme see here…) an Army, Navy, Air Force and IRS. 

Am I the only one who noticed the Feds are going after coinsters for operating unregistered money transfer operations which is (cower in the corner as I invoke the great word) terrorism?

Common sense, for now, tells me to keep money on Goliath and don’t bet on the David’s…there’s gonna be a whole parade of them and eventually – as we forecast in Peoplenomics – the feds will roll out their version of alt money and that will be that.

The whole thing keeps being packaged by the hypsters as a bunch of Paul Revere types.  That’s the kind of emo marketing that makes road kill.  Ask me about how Iraqi Dinars are doing?

Sochi Lights Up

To read the International Business Times version of it, the Sochi Games will have a kind of ‘Hail Stalin-era Industrial Revolution” vibe to it.

For some of the better streaming out there, check out www.rt.com or see them live on free to air satellite TV.

Ukraine Calendar

With the leaking documents starting to speed up, what we’ve been reporting about the West trying to dismember Ukraine and shove it into the EU bag of losers, seems spot on with the New York Times now reporting on the Russian Claims US Meddling over Ukraine.

The US, meantime, is eating that F*ck the EU remark.  Apparently, we can’t speak directly about how the Enterprise is off conquering the world for the NWOers who are effectively stealing democracy from Europe  and sitting back as the EU goes expansionist mindset on the world.  (Ask the Syrians about this.)

Circle February 24 on the calendar – Sochi games are over on the 23rd.  Putin’s gonna take action after the games.

Global Warming

Snowing in Beijing this morning.

US: Never Stops Selling

The Chinese media, by the way, are giving some prominence to the story “Iran urges to stop pressuring Tehran over nuclear program.”

The Obamanista press mongers keeps hinting at “dismantling” and the Iranians are asking us to stop making up things that weren’t in the nuclear agreement.  Who, US?

Bye-Bye Leno

This is just a place-holder because if you really cared, you would have stayed up late to watch. 

If you were overcome by sleep, the Washington Post coverage here summarizes.

Drought and About

While there has been a little bit of rain now in parched central California, there are still plenty of drought worries.  Like this story that says in some places just 89-days until there is no water.

Those New Clinton Claims – A Curious Recant

Yesterday, we were telling you there was a story making the rounds alleging how ex-prez Bill Clinton supposedly had another affair besides the Monica story that’s been beat to death several times over….the claim was that Bill’d been with an actress. 

WELL… now comes the curious recant as “Tom Sizemore admits to making up story about year-long affair between Elizabeth Hurley and former President Bill Clinton, citing past drug use.”

All of which is interesting and all of which is likely to end up in the courts.  But I wanted to be sure to pass it along since Hillary will likely be on the demo ticket in 2016…

And, unless the republicorps can figure out how to speak in  complete sentences that make sense, will probably win.  I mean, like it, or don’t, that’s reality.  Sort of like arguing with gravity or yelling at the time.  Though I still think Ted Cruz would do well….

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Coping: With Home Handy-Bastard’s & Saws, II

Table saw connoisseurs gather round…note here from reader Ken as a follow-up to our discussion over yesterday’s bean about the be-all, end-all BEST table saw out there for the money:

For years one of the many rewarding hats that I wore was working in a professional cabinet shop. Now I am not saying that the two thousand dollar saw is a waste of money since I would love to have one in my garage.. but what I do to get the perfect work table is make a set of side tables for the saw.. that way you can put a whole sheet of plywood on it and have the flexibility of being able to rotate the stock. I also love the panel saw guide I have to.. anyway here is a website showing a nifty set of side tables that are easy to make and store yet give you the large table area that would enable you to produce like the larger cabinet shops..( actually that is what we  had at our shop tables for our custom cabinets so we could lay out what we were going to do.. ) In any event something to ponder other than an economic crash on a Thursday afternoon..

Table Saw Extension Wing

Table Saw Outfeed Table

Over at this link (Sears) this is the table saw I have and love.. I used to have one of the older sears saws.. what was bad about that is the storage of it.. you almost had to have a dedicated work shop this saw on the other had is easy to store and use with the extension tables you will be able to store the whole thing in a foot print of thirty inches by thirty six inches..

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Asia Now: Rhymes on World War II

First thing I did this morning was ask “Is this the day I become a millionaire?”  Then the answer came to me:  No chance, fool.

Still, betting on the market doing down has not been an entirely bad thing for us financially although early on this morning it looked like the market would bounce a bit, but that would be fine. 

What’s got our attention, more than anything, since we don’t get the jobs numbers until tomorrow, is what is the reference to “the rose people” that keeps peeking out of our www.nostracodeus.com data?  Odd word to come floating up…so you might want to check the site later on this morning because Grady will be updating as soon as the overnight runs are done.

Which leaves us with the Baltic Dry Index as our next topic du jour.  This index has been flopping around at about the 1100 level recently and this morning’s reading is 1092, but only up 6-points.  Spring hasn’t exactly broken out yet and there ain’t no birds singing….

To put that in perspective, that’s about 1/2 of what it was just a few months back, and since the Baltic Dry tends to front-run the more staid economic indicators, it’s worth keeping an eye on where it goes from here because excursions below 1,000 become worrisome.

While the mainstream is trying to figure out how to come up with yet another useless Seahawks human interest follow-up story, we’re more focused around here on what’s going on in China.

China’s state-run media (as opposed to our corporate-controlled media) is playing a strong rhyme off of pre World War II events.  Seems the head of Japan’s NHK Broadcasting service did something of a denial deal about the Nanking Massacre.  Which, if you’re Chinese (or read Wikipedia) is pretty real…

The Nanking Massacre, also known as the Rape of Nanking, was an episode of mass murder and mass rape committed by Japanese troops against Nanking (current official spelling: Nanjing) during the Second Sino-Japanese War in 1937. The massacre occurred during a six-week period starting December 13, 1937, the day that the Japanese captured Nanking, which was then the Chinese capital. (See Republic of China). During this period, hundreds of thousands of Chinese civilians and disarmed combatants were murdered by soldiers of the Imperial Japanese Army.[1][2] Widespread rape and looting also occurred.[3][4] Historians and witnesses have estimated that 250,000 to 300,000 people were killed.[5] Several of the key perpetrators of the atrocities, at the time labelled as war crimes, were later tried and found guilty at the Nanjing War Crimes Tribunal, and were executed. Another key perpetrator, Prince Asaka, a member of the Imperial Family, escaped prosecution by having earlier been granted immunity by the Allies.

And so this morning, Xinhua offers this: “Foreign Ministry spokesman Hong Lei said that such behavior is “a barefaced challenge to the international justice and human conscience.”

Since these events hark back to the middle 30’s, and since we are in a Long Wave economic Depression (which is why interest rates are zero, if you skip the money printing festival) there are even more parallels to the pre-WW II period to be found.

For example, the US-backed president of the Philippines, Benigno Aquino, has been saying harsh things about China lately, including drawing a parallel between appeasement of Hitler and current events in the Senkaku Islands area  (Okinawa, East China Sea area) and that, in turn, has pissed off the Chinese.

The US, knowing which side our bonds are buttered on (if China completely goes cold turkey on the Dollar, we’re all screwed and a few folks in Washington grok that) some we’re off placing the typical US two-faced game. 

The way this runs is we say (from the US voice) that the Chinese are acting professionally in their air defense zone that they have set up over the disputed Islands area (with oil and gas under it, which is why all this dance is going in the first place).  And we’re gently asking China to adjust some of its claims.

No, we don’t expect China to adjust its claims.  Besides, China could still be miffed that so few people have an understanding of history, including that a Chinese Fleet sailed around the whole world in the years before Christopher Columbus, but they get no creds, even now, for being a global civilization because it didn’t set with the made-up history of Europe, but that’s another discussion – probably left for the chat about the deep (and twisted) roots of American Exceptionalism.

So our money is on China continue to ramp up military spending while they public are talking about their “New Economy””.  I’m thinking iron fist in soft glove.

And this has what to do with becoming a millionaire?  Ever look for Chinese defense industry companies to invest in?

Rolling in Data

We have a number of incredibly interesting numbers to report this morning…and I bet you’ve been up since midnight just counting down the seconds until you could get the new balance of trade figures, haven’t you?

The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of Commerce,
announced today that total December exports of $191.3 billion
and imports of $230.0 billion resulted in a goods and services
deficit of $38.7 billion, up from $34.6 billion in November,
revised. December exports were $3.5 billion less than
November exports of $194.8 billion. December imports were
$0.6 billion more than November imports of $229.4 billion.

In December, the goods deficit increased $4.6 billion
from November to $58.8 billion, and the services surplus
increased $0.4 billion from November to $20.1 billion.
Exports of goods decreased $4.3 billion to $132.8 billion, and
imports of goods increased $0.3 billion to $191.6 billion.
Exports of services increased $0.8 billion to $58.5 billion, and
imports of services increased $0.3 billion to $38.4 billion.

OMG is that exciting, or what?  Well, how about the new Q4 productivity report…another wet spot for sure…

Nonfarm business sector labor productivity increased at a 3.2 percent annual rate during the fourth quarter of 2013, the U.S. Bureau of Labor Statistics reported today.

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Coping: The Table Saw Connoisseur

You ever have one of those days when you wonder “Is the Internet developing a mind of its own?”

The reason for this is a bit weird, but I think you’ll appreciate the story.  Getting to it may be a little circuitous, but that’s what coffee is for, am I right?

So there I am, sitting around the house in a few free minutes from work (or what I tell Elaine is work that goes on over in my office) and I get to looking for a new table saw.  The one I got from Sears about five years ago has been OK, but just barely.  Nothing on CraigsList.

If you ever go shopping for a table saw (and people do) the BEST table saw on the market is called a StopSaw.  The things that makes the Sawstop CNS175-TGP36 1-3/4 HP Contractor Saw with 36-Inch Professional T-Glide Fence System including Rails and Extension Table (worth every penny of $2,000 at Amazon) is simple:

StopSaws have an electronic blade sensing  unit built in that can tell the difference between cutting wood and cutting fingers.  If the unit detects a change in electrical impedance of the material, it slams the saw to a stop in a (very small) fraction of a second.

Here’s a video, if you doubt the “finger-saving” capabilities of the tool:

PFM – pure freakin magic.  Gotta get one.  So yes, for someone who types for a living (moi) or someone who needs to ensure that their home workshop “home-handy-bastard” project don’t go…er…digital…like my buddy James the famous doctor (at least in Tennessee) this is THE only saw on the market to own.

I want one because the cheap ($250 Sears) saw that I presently have ain’t cutting it (so to speak) for a number of reasons:

1.  Insufficient table “run-in” space.  The cheap saws don’t have as large a “front porch” (area in front of the blade).  The more room in front of the blade, the more precision you can get out of cuts because you can focus on the cut alignment, not trying to hold the wood up just so.

Of course, the out-feed area (behind the blade) needs to be big, too, since there’s nothing less fun that having to press down on a work piece on a running saw.  Especially if I don’t take the additional 5-minutes of screwing around to set up my out-feed rollers and all that crap.  I’m that guy.

The StopSaw has bolt-on out-feed extensions that (at my age) are more appealing than most centerfolds.

2. Shaft wobble of the blade. My present old Sears saw has a lot of blade wobble.  In other words, if you push the blade (“Saw unplugged, Fool!!!”) left or right, you’ll see you can move my old saw between about 1/16th of an inch to maybe 3/32nd’s.

A real saw ought to have basically NO left – right wobble or looseness of the shaft.

3.  Cheap, small Arbor;  The normal (middle of the saw blade) hole size on a TYPICAL home 10” table saw is 5/8th’s of an inch in diameter.  Just about all saws use this.   But where saws begin to separate the “men from the boys” is in the length of the shaft that the blade goes on.  This measurement is called the “arbor” length.

Anyone with a table saw, and designs on building furniture cutting grooves in the wood to hold shelves, knows the cut grooves are called dado cuts.  Makes for strong, good-looking furniture.

Now, try as I may, I have never been able to get enough of my dado blades on this short-arbor POS to enable me to run a 3/4 in dado in a single pass.  I can get a 1/2” dado set up, but barely.

On a real he-man saw, you get an arbor long enough to allow you to put on up to 7/8th’s of an inch of dado.  Yet another reason I am saw-shopping.  I would like to be able to run a single-pass 3/4” dado on the table saw which is way quicker than setting up the router (which will do it in a single pass) because the table saw makes a smoother cut.

4.  Non-standard table guides:  If you ever buy a table saw (new or used) made damn sure you get a saw that uses standard 3/4” guides.  This old Sears POS of mine has some fancy keyed guide that is totally useless because it doesn’t accommodate standard-track accessories.

Let’s say I wanted to whip up a cross-cutting sled so I could set up an angle jig.  (Fabulously detailed shop drawing right.)  The non-standard track issue I have run into makes me crazy.

Yeah, I know, “It’s a poor workman that blames his tools, Ure.” 

Bugger off.  That’s bullshit and anyone who believes that a small table, wobbly blade, short-arbor saw with obscure keyed tracks can turn out the same grade of cabinetry as a big StopSaw doesn’t know a rip from a crosscut.

About here’s you may be thinking “OK, interesting rant about table saws, and you didn’t mention that to replace the blade stopping cartridge is about $70bucks, but each time you replace one, that’s cheaper than a visit to the emergency room….but what about the misleading headline on this story…something about the Internet having a mind of its own?  What was THAT all about?”

Aha!  There you go again, dragging me kicking and screaming back to the point.  Doggonit…

Well, all this (except for maybe all the shopping details about how to buy a table saw (which might result in enough Amazon commission to buy a can of catfood for Zeus) is necessary background to explain the Internet getting a mind of its own remark.

You see, one of the sites that I came up with (while looking for the PERFECT table saw CHEAP was this site called www.dhgate.com.  I didn’t know anything about the site…just that it came up in a good for “cheap table saw” or something like that in the goog monster.

Odd assortment of stuff on the front page of the site….

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Peoplenomics: "The Enterprise" and the MMMR Problem

I assume you know, if you’re web-literate, that the Enterprise is what the runaway group that pulls the strings of governments all over the world calls itself now and then. If you’re not aware of the group, a simple Google of the Black Eagle Fund Trust that has been swirling away in background should be enough of a clue to at least get you started on the path of discovering for yourself just how far reality has strayed from the “way things used to be.” But other than confirm that “absolute power corrupts, absolutely” – which we all kinda knew anyway – the trail we’re on today has more to do with whether systemic corruption is part and parcel of how great civilizations end; management of multiple matrix realities (MMMR) reaching simultaneous dysfunction. Heady stuff, and with 100+ pages of recommended reading as background, the stop at the coffee pot this morning will be a short one… Just think of this as a quickie course in stratification of conflicting economic realities resulting in conflict.