Yeah, we will get to the “good news” about personal incomes and the employment cost index in a sec. But, we need to have a little “come to Jesus” about what’s going on because a lot of people seem wildly delusional about present Realities. Not that they are to be blamed, of course. We are … Read More
Shitz not good on the Gross Domestic Product front: Biggest drop in history! “Current-dollar GDP decreased 34.3 percent, or $2.15 trillion, in the second quarter to a level of $19.41 trillion. In the first quarter, GDP decreased 3.4 percent, or $186.3 billion (table 1 and table 3). The price index for gross domestic purchases decreased … Read More
So the Dow is rallying! Fake markets! Fake Markets! Buy a farm and a plough while you can! LOL, LOL. CNBC “Dow Up 200 points as tech shares lead…” Budda, dutchy… [“Internal odds now 52% to 48% for an overnight Big Fake News Story – BFNS – to take blame for any decline now,” laughs … Read More
Look surprised, fellow cynics: “The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. Following sharp declines, … Read More
We begin to tiptoe around whether we can be taxed into communism under the false-flag of “socialism.” Oh, sure, of course the costs of CV-19…and lots more …figure into it. Put another way, can deficit spending and political demagoguery take down a country that literally saved the free world twice? It’s become an interesting wager. … Read More
Just out is the monthly press release from Case-Shiller (S&P, et al) on Housing prices around the country. Holding their own…but…. NEW YORK, JULY 28, 2020 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for May 2020 … Read More
Ah…the excitement builds today on a couple of fronts. The first is whether the market will go into “Buy the Rumor, sell the News” when the Fed announcements come tomorrow. Or, whether the market will “Sell the Rumor, Buy the News.” (Or, maybe I just have to pee…) We know the Big Game: The market … Read More
Not very and not very. But that’s the short answer. You see, while the markets seem to have made a fabulous recovery from the march 23 lows in our Aggregate Index, a closer sizing-up of things reveals “the Crooked Casino.” How? Well, the money supply from the previous all-time highs (around Feb 19 in our … Read More
A number of items on our list today – all falling under the general heading “Life at the Command Post.” Of these, the most important is? American “Purpose” Up for Grabs A quick review of history should inform us of the obvious: America is a great country, but only so long as there is a problem to … Read More
We tackle the second part of the recent “dream realms experience” this morning. It’s very much spot-on when comes to matters “economics.” That’s because deep-down, at the root of all human endeavors is the “key question” – what are we all doing here? And as I think you’ll agree, when we look at the migration … Read More
Another notch in our “predictions” about future. You’ll remember me telling you (repeatedly) that there would never be an effective, single vaccine because the CV-19, son of SARS/Cov-2 is continuing to mutate. And likely will for years as it adapts to a host that’s trying to kill it. I told you this would be like the … Read More
Sorry, but this morning’s comments are for subscribers only. There is HUGE Woo-Woo afoot right now and I don’t want to be labeled a nutjob (anymore than already) by putting it out on the public site. You’ll have to make due with me telling you the “balloon market” is still expanding and the world is … Read More
Odd report today – it begins with a side of “woo-woo” in a dream. Then, in part 2 coming Saturday, it actually makes a marvelous economic point that most people never pause to consider. Of course, before we get to the interesting, our usual slog through the mundane must be done. But, with this morning’s … Read More