Know what time it is? The Bulletin of The Atomic Scientists labeled the beginning of this year as “100-seconds to Midnight.” At which time, turn off the lights, and settle into the remnant’s struggle to pick ourselves up again in a few thousand years. The truly paranoid think the president is already in hiding and … Read More
“So, this guy is walking down the street and turns into a market…” That’s where our “philosophy of trading” discussion picks up this morning. With Ure taking a look back at something he quietly pioneered long before meeting Elaine. Statistical Dating (& Investing) This is really key to internalizing our crackpot theory of Aggregate market … Read More
Right out of the chute this morning, we have to take a look at the new import and export prices report. They show a nearly remarkable change in our position as the world’s leading grifter. The U.S. dollar – while down from near parity with the Euro a couple of weeks back – is still very … Read More
According to the new inflation numbers out this week, the inflation rate was “unchanged” in the latest reporting period. (Month on month.) Not according to our grocery bills – and I expect yours, either. In fact, inflation mainly moderated at the gas pumps. Which, in turn was only because of some short-term relief from taxes … Read More
Let’s start with Collapse-Capable Electronics Operator training and why it’s a different cut of cloth than a ham radio operator. Nothing against hams – finest people in the world. And I’m an Extra Class (AC7X) who’s been “Banging brass” for 60-some years, now. Everyone can benefit from a ham license – no Morse code required … Read More
It’s going to be quiet today – at least in theory – until we get to Wednesday morning which has the Consumer Price Index (BOHICA) due. Of course, expect much gnashing of teeth and political yammer-speak, but it’s of no consequence. The Fed doesn’t meet till the second half of September and the geo-economic-political landscape … Read More
There is a chance now, that within a year, stock prices will have fallen to half of present levels – and maybe lower. The pieces are just now sliding into place. But, when you consider some of the data – and the flow of world events – it has become an undeniable possibility. This isn’t … Read More
The visit of House Speaker Nancy Pelosi to Taiwan will go down in history, we’re thinking, along with other great historical gaffes. Like Chamberlain on Appeasement of Hitler. Sometimes bright people make very bad decisions. The underlying processes leading to conflict have not really changed since World War II. In WW III, we will see more whiz-bang … Read More
“Oh my God- Another Book” begins the morning with the first chapters of yet-another book I’m thinking about writing. Well, maybe more than thinking about. This one is all about the coming Digital Dark Age. The one that follows deteriorating relations with China, Iran, Russia and whoever else holds a grudge. As they all gang … Read More
Some genuine “old reporter” chill is in order, here. So much hype and so little hard news, that I think slowing down for a bit of perspective may be useful. If nothing else, this may your help your blood pressure, right? From the top, then: A few years back, I wrote a wonderfully useful book called … Read More
We begin this morning hoping that Joe Biden doesn’t deteriorate further. As you’ve heard, he’s come down with a Covid relapse. So, while he’s not exactly out, there’s definitely some “chill pill” going on: Biden tests positive for COVID again. Not only in G.A. Stewart’s work – over at The Age of Desolation website, but … Read More
We are coming into a period when the term “high risk” could mean more than any other in our lifetimes. We are literally living in a “powder keg” world which could “go Archduke Ferdinand” at any second. Plus with our ChartPack – and a market that has soared (as of mid-session Friday) more than nine … Read More
A couple of Economic news releases before we launch into refried lies. The first is the ECI – Employment Cost Index. Which, over time, feeds into the underlying inflation problem: “Compensation costs for civilian workers increased 1.3 percent, seasonally adjusted, for the 3-month period ending in June 2022, the U.S. Bureau of Labor Statistics reported … Read More