Housing: It’s Back in Trouble

How long have I been telling you?  About five years now?  This was when we looked at the 2008 housing rubble collapse and figured that there hasn’t been enough widespread pain yet to really let the air out of the bubble.  The Fed just put a little tape on the balloon, congress jaw-flapped and everyone cried “It’s solved!” 

Which is a crock, as the new Housing report from Case Shiller/S&P/Dow Jones out this morning is beginning to show:

New York, September 30, 2014 – Data through July 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show a significant slowdown in price increases. Nineteen of the 20 cities saw lower annual returns in July. Las Vegas, Miami and San Francisco were the only cities to report double-digit annual gains. Cleveland’s rate remained unchanged at +0.9% for the 12 months ending July 2014.
In July, the 10-City and 20-City Composites increased 0.6% and the National Index 0.5%. Although all cities but one gained on a monthly basis, 17 saw smaller increases in July as compared to last month. Although New York saw a lower gain this month, it was the only city where prices rose over one percent. San Francisco posted its largest decline of 0.4% since February 2012.

“The broad-based deceleration in home prices continued in the most recent data,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “However, home prices continue to rise at two to three times the rate of inflation.

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Two-Part Tuesday: Market Collapse Tomorrow?

Check back at 8:20 AM Central for the latest Housing data.

A look at the calendar is all it takes to figure out what will (likely) happen today and through the balance of the week in markets:

The Dow and other indices should post small rises today as this is the end of Q3 and we usually expect to see window-dressing, which in this case may be holding us up.

After about mid-day today, after the bonuses are safe for the fund managers I wouldn’t be surprised to see the market decline resume in earnest along about tomorrow, or maybe Thursday.

Take a look at China’s Hang Seng:  The judgment test of the day is this:  How much of the more than 5% decline in China has been due to demonstrations and how much is due to economic prospects declining? 

Or, is that a bellwether for the West?

For their part, Hong Kong protesters have issued a deadline to China on a set of demands – about the dumbest move possible.  China could give a rip and knows how to use overwhelming force.

You notice how the US is silent on this pro-democracy stuff? We preach at the little countries and happily bomb away, but when comes to a country that is (in effect) our “dealer” – well, no harm, no foul, right?  You don’t diss your dealer…

Gold is hovering about $30 bucks over its 52-week low and that brings up the idea of more deflation in the pipeline.  Should gold continue weak then it will fall to housing prices to save the day – something that isn’t terribly likely, as I see it.

Massive market declines need a cause, but talking to Robin Landry yesterday he reminded me of an old market truism: “ Market capitulation and collapse doesn’t happen at the TOP…”

Over the next week, or so, that might be extremely valuable advice to remember, even if it seems a bit scary…

How Much Surprise was ISIS?  No, Really…

According to the Government Accountability Institute, the Golfer In Chief has attended less than half of the daily intelligence briefings prepared for his review.  A snip from the report Summary…

In September 2014, the Government Accountability Institute updated an analysis of how much time President Barack Obama has spent attending his Presidential Daily Briefs (PDBs), as recorded on the White House official calendar and Politico’s comprehensive calendar.

The updated study covered the president’s first 2,079 days in
office, running from January 20, 2009 through September 29, 2014.

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Coping: With “Slobs” and “Style” and the Fashion Rapture

Elaine had a call from her brother (Panama) who’s off the ranch for a little R&R in Las Vegas. Just between us, if we had moved back to the Pacific Northwest, he’d been thinking about moving back to Las Vegas. He’d lived there for a number of years after getting out of the Army and retiring. It was a happening place. But that was then and this is now.

Another Clump of Slump

When I looked, the Dow futures were down about a hundred points.  And so today we could answer that guillotine question:  If 1,965 is decisively breached on the S&P do we need to start retooling our thinking toward this being The Big One…

And then…if it is….then will the S&P 1,740 level hold (no, but that’s only obvious when you look at charts that are inflation-adjusted.

The Friday departure of PIMCO boss Bill Gross for Janus has us wondering if in the next leg down in the market, a large bond outfit might play the role of previous Too Big to Fails including Chrysler and AIG?

But there’s more than HR changes for the market to worry about starting with the personal incomes and expenditure data just out:

“Personal income increased $47.3 billion, or 0.3 percent, and disposable personal income (DPI) increased $35.2 billion, or 0.3 percent, in August, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) increased $57.5 billion, or 0.5 percent. In July, personal income increased $35.9 billion, or 0.2 percent, DPI increased $24.6 billion, or 0.2 percent, and PCE increased $0.5 billion, or less than 0.1 percent, based on revised estimates. Real DPI increased 0.3 percent in August, compared with an increase of 0.1 percent in July. Real PCE increased 0.5 percent, in contrast to a decrease of 0.1 percent.

The key part is the Personal Savings Rate which, last time I remember looking at it, included paying down credit card bills as “savings.”

“Personal outlays — PCE, personal interest payments, and personal current transfer payments — increased $60.4 billion in August, compared with an increase of $3.5 billion in July. PCE increased $57.5 billion, compared with an increase of $0.5 billion.

Personal saving — DPI less personal outlays — was $705.3 billion in August, compared with $730.5 billion in July. The personal saving rate — personal saving as a percentage of disposable personal income — was 5.4 percent in August, compared with 5.6 percent in July.

This is an Economic Miracle of the first order.  Personal incomes went up slower than personal spending.  Which means?  People are still going into debt.  Gotta love it.

Off in the background, government is trying to find new ways to stimulate the economy.  Q3 first estimate of GDP is due out Thursday, but make no mistake, eventually government will have to rejigger the numbers in order to give more weight to services since our manufacturing base has collapsed to near nothingness.

Housing data tomorrow morning, so a two part report then.

Did I mention the Dow futures are still down 100?

Little Trouble in Big China

Communists in China don’t like what?  (Democracy!). 

So when people take to the streets of Hong Kong in support of democracy and democratic reforms, out comes the tear gas and Billy clubs.

Watch closely as the Obama administration what?

NOTHING!

Where are the sanctions on China?  LOL – you’re kidding, right?

We will pass out cookies in Kiev all day long because there is the Donetsk petroleum basin backed up against Russia.  Turn a blind eye to Gaza because of massive oil and gas potential off their shores.  Bomb ISIS to keep them from getting near Syria’s potentially rich coast. Talk tough on the Arctic because it holds gas. 

But beat-down pro-democracy people in China?  None of our business as long as China holds us by our (manufacturing and bond sale) nuts.

We’ve just about completed the transition from being a Nation of Principles to a Nation of Trade-Offs.  Sad, but indisputable.

“ ??   It’s their Party and they’ll club if they want to…????

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Coping: With “Life Scoring”

Want a seriously odd discussion to kick-off your thinking for the week?

Well, try this one on…Life Scoring.

Whether you are a believer or atheist, makes no difference:  Humans have consciousness and it’s from this that the concept  of a Game with a Point  arises.

There are multiple ways to think of human existence, but the most intriguing model I’ve been looking at lately is the notion that we’re all something like “game-pieces” in a great Cosmic Video Game. 

Of course, it shows up as religions and such for some, while others have a more direct experience of their “game-piece” relationship with All.

Are we as “game-pieces” empowered with ‘free Will?’  Whew…long discussion there, but not this morning’s track.  We’ll stick to ‘scoring.’

The matter came up again last night in one of my occasional “working dreams” – most likely since I have been pondering whether a Peoplenomics report on what life would be like if each of us could live by statistically optimized choices, would be of interest. 

It might be…or not.  It does have the possibility of stepping on a lot of people’s religious toes, so for now, it’s not happening.  Instead, Peoplenomics will continue down the economic, practical living, straight and narrow path into the future.

But here – in the Coping Section, what I call The Game deserves a short discussion.

In this morning’s dream, I was working for an advertising agency (weird because I have never worked for one before).

At this agency, located in a nice high-rise office building in dream land, there was a lot of wasted office space.  In a discussion with the principals, I argued (and apparently convincingly) that the ad agency office space could be reduced by one-third if they would just rearrange their office office furniture slightly.

At the suggestions, the  Office was rearranged and I was given a big project consisting of writing a client paper on Life Scoring.  There was a lot of background, a big closing section called Methodology, and then a strong close.

“You need to give some concrete examples, not just the formula,” came the instructions.  I remember going to lunch while starting work on this project and opening a Law Book from where I could borrow examples to insert into the body of my report.

It was a longish paper, running 40-ages, or so.

The guts of the paper was that everyone chooses to live to a set of Rules in Life.  Depending on your religion that may be this set, or that.  But each of us is free to adopt whatever Rule Set we want from those commonly available in life.

We also get to set a precedence list.  Does the Constitution Rule set fall under Commandments, if those are the Rule Sets chosen?  The Pledge of Allegiance says (from 1892, or so) that the US is “…, one Nation under God, indivisible, with liberty and justice for all.”   Thus, the notion that federal law is subservient or “under” God.  Your interpretation may vary.

From the point of Rule Adoption, we each embrace our Rule Sets around puberty and from there judging whether we are “happy” or “successful” in Life seems to greatly depend on how well we live each day, scoring ourselves based on our adopted “rules.”

By the time the end of life rolls around, if this “Everyone is a Game-Piece” concept holds water, then any life-review (widely reported in Near Death Experiences; often attributed to either religious-based beings or the effective of dying-brain DMT) may simply be a “congruence check.”

In other words, given your rule-set, how well did you comply with its tenets?

And that is just some of the background.  But it all comes down to a most intriguing Monday’ish question:

If each of us could make absolutely “best possible choices”  throughout Life, would our present circumstances be vastly different than they are on this Monday morning – or any other one, for that matter?

People instinctively know the answer is “Yes!”  We all make decisions and choices that are slightly off the ‘ideal’ mark. 

This penchant for imperfection is a troublesome topic:

Take the Constitution, for example:  It’s a Rule Set that speaks plainly enough, yet as any legal historian will tell you, there are times when the Law gets it terribly wrong – and the Citizens United decision is only one such botched decision. Corporations aren’t human, but it’s an important bridge to something really ugly in the future:  Machine’s Rights!

If corporations (legal fictions can have rights, then so can an artificial intelligence!  Holy crap!  AND if a machine can outthink a thousand humans, should it have a thousand votes or one?

There are plenty of others example of rule-weakness setting us on a path to destruction, particularly in commercial and tax decisions, which is how tax avoiders/evaders justify their decisions;  “Those aren’t my Rules.

On a more philosophical note, since I was raised Danish Lutheran but have a deeply-ingrained “Trust but Verify” gene, I look at how various religious dogma could be repackaged today in order to make it more obvious what our true problems of congruence with Rules stem from.

Since they are part of the Ritual Decalogue, which is close enough to the Rules of the Game for me, some common-sense linguistic updating is in order.

The first Commandment [of 10 or 11] says (approximately): “I am the lord thy God, thou shall have no other gods before me.”

This would be simpler (from the game-piece congruence) as “This is the Game…keep it the only game.”

The second says (again, approximately) “Thou shalt not make unto thee any graven image.”

Obviously, this could be distilled down to “Don’t try making up another Game.”

Of course we’re doing exactly that in robotics and AI research… So right about here we come down to an interesting and fundamental question that no one in a high-tech society seems to be in any rush to answer:

Is the development of artificial intelligence (a path which we’re whacking out of the intellectual underbrush every day in SillyCon Valley) not making up another game and attempting to build something in our own image?

Oh-oh…  I won’t bore you with further details, but on Monday morning when so many of us get back on the Shared Board level and begin play for the week, have we missed some huge red flags about the direction of society and are we not “ruining The Garden” once again?

There’s a case made in the www.thechronicleproject.org work that the guardians of the original Garden of Eden may have been laser-toting robotics with a minds of their own…and this leads where?

Digital substitution for Analog  tools may be fine, but once we launch into the “intelligence replacement” business, there’s a case to be made, methinks, that we cross a dreadful ‘graven image’ threshold.  We do so at great (Rule-breaking) peril.

Perhaps it’s why religions and law must be periodically re-invented every X-hundred years via new prophets and revolutions:  To get everyone back on the same page and to reconnect large populations with The Game such that Play may be continued in an orderly and sustainable manner.

Ain’t that right, Siri?

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The Coming “Information Comprehension” Industry

Over the past month, we’ve been talking a lot about the “Computational Bolsheviks” who are threatening to overwhelm a hundred-fifty years of management science by short-cutting outcomes (like Business Process Re-Engineering on steroids) as well as by removing or redefining such traditional management concepts as span of control.

As someone who looks to the future much of the time, we can project the arrival of the “comprehension industry” as similar to other macro-trends in play now.  Some of these include climate shift (which it is doing all the time anyway…), the coming protein shortage (and cost increases) that we covered a half-dozen years back (see the archives), as Peak Oil/Peak Energy which will come along about the time of Peak Population…challenging problems all for the long-term investor.

But the “comprehension industry” will increase human potential so we can keep up with our robots and AI, so we’ll delve into its make-up right after coffee, a few outlook oriented headlines, and a check on how our Trading Model is doing after its impressive performance this week that kept us from an outright short.

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Life or Death at 1,965

So we start this morning with the futures up – but not much – considering the 265-point downer on Thursday.  But it is playing out just as laid out in Peoplenomics on Wednesday.

A couple of days of closing below the 1,965 level on the S&P would send us into short positions and waiting for the world to end, but the flip side is that there is so much money floating around (from the central banks, anxious to flood with liquidity) that there may be no other investment choices to speak of, at least for a while.

Former Regan Budget Director David Stockman was on Bloomberg yesterday arguing the quick collapse case against a Wharton economics prof who believes that we’re going to go higher.  Fischer made similar arguments as the Wharton dude in 1929.  Colin Seymour’s classic chart of 2001 is worthy of study as you mull over who to follow…

Most people try to forget that Keynes said in 1927 there would be no more crashes…and it’s a testament to public gullibility that he was hailed as a sage by the time the Crash was dragging out.  A fine example of stupsheepidy. 

The unfortunate reality could be that both Stockman and this Wharton fellow could be right.  Maybe a massive experiment at CERN has gone wrong and we can now crash lifestyles while the market goes both up and down.  Say, that’s progress, ain’t it?

When the central banks are passing out what amounts to free loans to banks, the banks will put the money wherever they can…and stocks happen to be one such place.  It’s convenient and easier to move than gold or silver…and Lord knows the banks own enough housing stock (super low rates from the Fed are keeping those homes off the market) that they don’t need more.

BUT when the rates rise and the banks need to sell some assets off to cover their costs, then the size of the resultant market decline scales geometrically (or better).  We’re not too old to be patient.

It’s not a pleasant investment environment, but it’s the one we have, so expect today to be like another day of calling the play-by-play at a funeral.

“It’s still alive…wait, wait…THERE!  A tiny breath!  How long will that keep this dying market in the game?  Stepping up to mound the Fed’s best are tossing in a free throw from the cash line….up it goes…and it’s…it’s… IN!  And that market rallies again…”

Yeah, well, whatever….

The next Live or Die level will be the new trading range floor around 1,900 on the S&P and if that goes…1,815 and then 1,740.

We may be poor in cash, but we have a place to live for five-years or longer that needn’t cost us a cent.  Toss in the garden and maybe we’re better off than most of the coop dwellers in town.

Gross Domestic Product

Remember that monthly news release that is the most circularly reference work of modern times?  You know it as the Gross Domestic Product report and it has more percents than the 99’ers.  See if this makes sense to you:

“Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.6 percent in the second quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the “second” estimate issued last month. In the second estimate, the increase in real GDP was 4.2 percent.

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Coping: Screaming at the Milliseconds

In case you didn’t drop by the website during the day Thursday, there were a bunch of experimental changes going on in order to keep UrbanSurvival at the “head of class” in a numbers of areas.

There is – if no one has ever talked to your before – a huge battlefield for your mind that’s based on such subtle things as how fast a web page loads.

For example, if you want the fastest experience with UrbanSurvival, you should use the https://urbansurvival.com address.  That’s because if you put in the https://urbansurvival.com address (the www address) it is slower by a small fraction of a second.

When I got up this morning (3:30 AM) and was standing in the shower (negative ion junkie), I thought you might be interested in how some of this stuff works behind the scene.

I won’t go into the whole “battle plan” of how to move UrbanSurvival’s rankings up, but one on-page thing you may notice in the upper right-hand corner is that I now have a simple, easy-to-use link to our Facebook, Google Plus, and LinkedIn social media pages.

I’m no fan of social media, but it’s there because as things have evolved the major search engines are now penalizing sites without social media.  It’s like a bad idea has just gotten institutionalized.

So we play along with the game – reluctantly.

For a brief time yesterday, I have a fancy link to the Google+ page up, but after the head-clearing shower this morning it went away:  It was eating up too many milliseconds of page loading time.

Now to the point of my explaining all this:  In the grand Battle For Your Mind, there are some very subtle factors in your behavior that you’re likely not even conscious of.  So let’s take three of the top news websites at random and see how their page-loading time works.

For the purposes of this discussion, let’s agree to use www.gtmetrix.com which offers a dandy – first class – web analytics suite.

I ran three page load speeds and here’s the fastest page load times for each of our samples:

  • CNN:  13.32 seconds
  • Fox News:  5.90 seconds
  • NY Times:  8.47 seconds
  • UrbanSurvival:  1.30 seconds

There are a million technical details that will change your performance.  For example, all of these tests were without the www.prefix.  Why anyone would type the www. anymore is just a damn mystery to me.

Then there’s the matter of where you are located and what kind of home or work internet speeds you have.  A 50 MB connection will have a different view of the world from a dial-up user.  While the NY Times shows 8.47 in the test above, I rank it on some other speed test sites and it was down in the 5-second category.

There’s a general lesson here, if you look:

Humans are creatures of convenience – they will oftentimes take the “easy” or “fast” solutions tin life.  And that is a very big deal because most people don’t consciously think-through their decisions when it comes to media inputs.

Next time you hit the web and notice a “breaking news” story, pay attention to your “choicing” of which website to focus on.  Thjen ask yourself:  “Am I on this website because of the quality of information?”  Or “Am I using it because it loads fast?”

This human bent toward impatience is why people in sales are always trying to start clocks on you, too:  “Hurry!  Offer Ends Tomorrow!”  “Order now, supplies are limited!”

That’s why the Goolge+ poster has been replaced with simple text links: 530 milliseconds of added page load time was in the “Are you kidding me?” category.

What it all comes down to his this:  There usually is no clock on most decisions in Life although if you’re a serious Type A,  be assured that I got up early this morning to do a little “Screaming at the milliseconds” for you, on your behalf.

You aren’t just what you think, but when you think, as well…

Who Do You Work For?

Since this is Friday (for most people) I’d remind you that what you do between quitting time Friday and “getting up time” Monday is what hugely defines the quality of your life.

Peoplenomics this weekend looks at work hours…a topic of great interest.  If it isn’t today, wait until Monday…

Digging Out, Day 2

I got through bills and banks and voicemails yesterday…though a couple of voicemails were dropped, so if I owe you a call, please call again today.

Today’s project list includes processing Peoplenomics subscriptions (both, lol) and then writing Peoplenomics.  After that it’s on to monitor repairs… *(gee what fun, huh?)

Waiting for me was a note from chief www.nostracodeus.com programmer Grady:

Folks are beginning to be impressed by the bullseyes we’ve been getting with Nostra.  Reader comments are increasing. But Alexa still says we’re. # 9,942,987 (up 4,694,905)

While you were in GIG Harbour I was in Sidney on Vancouver Island – A short 102 miles away. I went down to the beach and shouted a ‘hello’ to the south but no one answered.  ;-)

Must have been that south wind.

Several friends in the Seattle area called or left hate-mail because on the way out of town last Thursday I told the Tacoma Narrows Bridge toll-taker that we were taking the Sun hostage and we would be holding it for ransom until next summer.

Serious rains and storms up there ever since…But I did warn on this, right?

Cat Heaven

I raised the intriguing question yesterday when I asked about whether there could be a “Cat Heaven”” because that would be a “Mouse Hell.”

Long-time reader Bill is  Johnny-on-the-Spot with the answer, although Johnny would like his clothes back:

Since you seem so genuinely perplexed about the subject here is what the Saints (real spiritual Masters who are Godmen of which there are only 1, 2 or maybe 3 at any time) say about it:
Animals do not go to heavens or hells.  They are immediately reborn in a new body the next step up the evolutionary ladder.  They are not held responsible like humans for their actions, those are pre-programmed in each life.
So now you know, take it or leave it.  I heard it first hand from the current Godman.
Glad you are back home.  The ranch needs your looking after.

I’m not sure just who the “current Godman” is, since no name was given, but I’d love to tip a few with him…got some questions..

The War Against “The People?”

Speaking of interesting reads, Atom was wondering about this development:

“My coin dealer stated he has had to hire an attorney to attempt to get back $100,000 the government took from his bank account because they did not like his deposit pattern.

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Markets in Limbo, Devil May Cry

(Palestine, TX)  I bet you have no idea what this morning’s headline is about, do you?

Well, time to school you up because most gamers know what I’m talking about:  There is this video game called Devil May Cry…and you can find details about it over here.  But the short version is…

Devil May Cry is an action-adventure hack and slash video game developed and published by Capcom, released in 2001 for the PlayStation 2. While the game primarily focuses on swordfighting, the player

And this has exactly what to do with markets?

Well, according to Wikia:

Limbo City is the main setting of DmC: Devil May Cry. It is a city under the control of demons with a brainwashed population.

Notice any similarities to, oh, real life?

As luck would have it, Limbo City is where the markets are this morning, so if you play that other wildly popular video game (that might also be a candidate for Resident Evil) – the stock market – you will want to pay close attention.

The market (earlier) was about flat.  Within the pasty week, the Dow has fallen 292 points (plus or minus a ham sandwich) and that means a wave one down of some kind. 

What goes down usually bounces so a PERFECT Fibonacci bounce (.618) would have us expecting a 180 point rally off the bottom.

Since the bottom yesterday was around 17,047, that leaves us a “bounce target” of what?

If you’ve had enough coffee 17,227 plus or minus a side of fries would spring to mind.

What’s remarkable is that yesterday’s session high was?

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Coping: And Then, the Zombies Showed Up…

(Palestine, Texas)  Just when I was beginning to think that our return to the ranch in the East Texas Outback couldn’t possibly be stranger, along comes and email from  reader Bob ujp in the square state of Kansas:

This is in the news in Kansas. The Journal World. Lawrence Ks. On 9-24-14

Gov. Brownback to proclaim Zombie Preparedness Month.

Kansas are being encouraged to prepare for an  invasion of the  living dead, with Gov. Sam Brownback scheduled to sign

A proclamation later this week declaring October Zombie Preparedness Month.

The state Division of Emergency Management says if residents are prepared for a zombie attack, they’re prepared for anything.

Deputy director Angee Morgan says the idea is to make people aware of the need to be ready for emergency situation like natural disasters, catastrophic storms, fires even a SWARM OF ZOMLIE.

Brownback is slated to sign the proclamation at 11:00 am Friday in his ceremonial office in the Statehouse.

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Collapse Play-By-Play: Trading on the Knife’s Edge

(Amarillo, TX)  We dispense with the usual Focus piece this morning to zoom in on our core-value:  Making and keeping your hard-earned money. 

There are multiple reasons for concern about market today and through Friday: everything from a terrorism strike to disease making it out of Africa, to things going badly in Iraq.  But the one that is the highest probability (for the moment) is of a major market downturn.  Signs and portents are mounting, so how do we play it?

After the short look at headlines, we review what our trading model and workflow approach then explore the options before us in terms any seasoned gambler can understand.

The River Card is about to be turned.

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On Circularity, Bitcoins, and “Demand Crumple”

(Albuquerque, NM) The bad news yesterday was that the bond yield was down, and that drove the US dollar purchasing power UP. That, in turn, meant that it didn’t take as many dollars to buy the same thing as it did before. Or, more practically, if you’d bought the day before, then the number of dollars you’d get for sale of the asset yesterday would have been down., This morning, we see the price of gold is up, which means the dollar is down, which means that the number of dollars needed will move up a bit (or at least should) which should turn the market as the day wears on, although some follow-through selling is expected at the open. If you’re looking for a tool to guide your investments as the gigantic tug of war continues between inflation and deflation, you might consider looking at the Bitcoin prices over here After setting a high near $1,200 back in December of 2013, the price of Bitcoins dropped to almost $350 in mid-April of last year.

Coping: When Bad Times Get Worse

(Albuquerque, NM)  You may notice that we didn’t make it to Amarillo on our return trip to Texas.  The simple reason is plain tired and swamped.  And when that happens, there’s nothing like 7-8 hours of sleep and a good meal.

Therefore, we abandoned our “casino highway” plans (we’ve been to the ones from west of hear eastwards in recent years, anyway.

So today we will make Amarillo, for sure, and with any luck even score an early check-in so I can get to work on Peoplenomics.

The topic this week is sizing up how global collapse will look as all the “sand in the gears” tries to grind the machinery of humans to junk.

The question posed on Monday as to when markets would come down with Ebola is a critical one.  A grand inflection point may be nearing…of the sort that will be in history books, that is, if anyone is left with time to read and write within just five short years.

The latest communiqué from my consigliore is cause for concern because the projected numbers which we had put on Peoplenomics recently for subscribers to consider planning around as “worst case” are quickly turning into “most likely” case.

The Ebola news is NOT getting better, just getting worse by the day as the CDC finally pulls it’s head out of the sand and starts looking at the problem realistically:
CDC doubles the number of estimated current cases … which moves the case projection of infections forward by one month to about 1 million by the end of January (would indicate 500,000 by end of Dec, NOT January).
———————————-

“DC scientists conclude there may be as many as 21,000 reported and unreported cases in just those two countries as soon as the end of this month, according to a draft version of the report obtained by The Associated Press. They also predict that the two countries could have a staggering 550,000 to 1.4 million cases by late January.”

Nominally, the decline in markets Monday was blamed on the Chinese who are standing back from additional economic stimulus at this time.

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