A little “mood setting” is in order. Too many years as a rock & roll (and country) newscaster doing mainly mornings, teaches music first, then news. Perhaps “Wrap it Up” by Sam & Dave would work? Or, perhaps, the “Long and Winding Road” would be better? Well, to each their own. For us, Abba is more … Read More
As we’ve been telling you, with Housing loan rates in the 7.9 to 8.1 percent range (depending on military service, credit scores, lenders and yada, yada, we know that net cash to sellers is going down. So, it’s only reasonable that prices would be along in kind. “NEW YORK, DECEMBER 27, 2022: S&P Dow Jones Indices (S&P … Read More
Since I’ll be on Coast-to-Coast with George Noory, and since markets in the U.S. are taking this Boxing Day off, what better time to sit back with a fresh cup of coffee and ponder the three major agenda items that all 8-billion humans face a week from now when New Year’s Eve shows itself. The CLOCK IS … Read More
We are beginning to wind down into the holidays. Tomorrow, though, a very useful Peoplenomics report on estimating small house/microhome projects complete with spreadsheet to do the heavy lifting, As a “mood setter” for this kind of project (son G2’s planning his build this spring) it’s useful to look at three things. Overall direction of the … Read More
Disaster at the docks is our urgent concern because “me-too financial media” doesn’t have Clue #1 about economics. While the government offers lots of “Offishul figgers” we like to run parallel private indicators. So this morning, a quick glance over in that direction as we spool up toward holiday madness. With less than a week … Read More
I suppose we should begin this morning’s roll by unveiling the new Consumer Price report just out from Labor: “The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last … Read More
This being Election Day, we’re taking the unusual move of not talking about anything on the ballot – of is pretended to be so damn urgent that you have to vote for one clown, or another, who can’t change the Law of the Land single-handed, anyway. Have fun with that. We don’t know which one … Read More
There is a (sick) high art in Politics, American style. Non-Solution. Issues come up, are cast about as “major campaign issues” – planks in party platforms – and despite being there (in the case of abortion rights) for more than half a century, they just never seem to get solved. Mind you, I’m not the … Read More
Braced for a Crash-lection? Might consider it! The early futures were telling us little that we didn’t know after the market fell on its nose more than 500 Dow points Wednesday. As the Fed not only raised 3/4 percent but said another 1/2 percent was baked in the cake – and they will entertain ideas … Read More
While the Dow was up to the task of pimping out the “Hyperinflation vs. the Fed” narrative Thursday, the remainder of the market is less so. Consider – at the outset our view that since the November 8, 2021 high, the market did a major (1) down and more recently (costing me thousands) we had the … Read More
When there is talk of nukes flashing off, the one critical vulnerability you will already need to have hedged is electricity. People don’t generally consider how utterly reliant the world is on electricity. Even more so in the past five-years, or so, as the iniquitous “wall warts” have become the USB charging ports on damn … Read More
Delightful email from back-up consigliere out in Century City overnight. Sizing up the Thursday market action “Just vacuuming up the sucker money. Dow erases 500 point loss, surges into huge gain in rollercoaster day..” With a link to Wall Street rollercoaster: Dow erases 500 point loss, surges into huge gain. Running out the Bears to run, anyone? … Read More
Hard not to be in a festive mood: This is the Good Side of Inflation reports! This is the day we told you was coming – the day when not only do Consumer Prices come out (yuck, right?) but also the day the new – higher – Social Security Payments lock-in. As we told you … Read More