Latest business and finance news & analysis
And it may provide cover for the Fed FOMC which is pondering whether to hold rates, or not… Year-Over-Year The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.3% annual gain in May, down from 2.7% the previous month. The 10-City Composite annual increase came in at 3.4%, … Read More
Let’s bust this down so I can get rolling on a longish econ paper for Peoplenomics subscribers tomorrow. Here’s today’s shopping list. Market was up a bit early – which could power the FOMC to talk down rate cuts tomorrow which could hurt the bubble. Housing (we will have a second report after the data … Read More
Trump, turns out, is a switch-hitter. But not in the way some democrats have been claiming. While being bashed by the serious left for playing golf in Scotland this weekend, turns out the Driver-in-Chief landed a bigly trade deal over the weekend. Here’s the guts of it in headline form: The EU plans to completely … Read More
Easiest ShopTalk in a long time. As you probably know, son G2 may be coming back this winter to build a home down here. Despite his role as medical director on a 750-tradesman server farm build, even he knows there’s a lot left to learn about housifying. So I did what any proud dad (with … Read More
You remember those old-school math problems? You know — One train leaves Chicago at noon, another leaves D.C. at 11:45 traveling at 60 mph…? You were supposed to figure out where the crash would happen. Well, today’s piece is a lot like that — only instead of trains, it’s governments and intelligence agencies speeding toward … Read More
Our headline on the Thursday Starlink outage used the word “Attacked?” Turns out the old “news nose” still twitches reliably. Starlink back online overnight: Ukrainian troops were without communication for over 2 hours. Coincidence? Above our pay grade, but Elon did the right thing with a “sorry about that”. While inconvenient, Starlink is well under … Read More
Elaine and I were sitting here when Starlink dropped out about 20-min ago – but it didn’t come back right away. Now over at Starlink outage or service down? Current outages and problems | Downdetector we are seeing there is a chance of a global outage – we will keep an eye on it. But … Read More
Need a little something to kick the neurons around while mindlessly facing work and heat? Do we have a deal for you! Odds of a JeffWar We have a circle of very bright colleagues – but for those who are not inherently into domain-jumping – here’s what (and how) a JeffWar could work. Step 1: (Educate) You need to … Read More
Three Papers You Won’t Forget. Some Wednesdays are for watching markets and murmuring about the macro. But today? Today we’re peeling back the ancient wallpaper on reality itself. Because tucked just below the surface of religious history and medical mystery may lie something more: an ancient operating system for the human experience — hidden in … Read More
A UFO (or some other oddity…) may have run into my ham radio tower overnight. I look at my ham radio antenna tower every day going out to get the mail and so on. This morning (wheeling the garbage can out) something looked a bit, um…different. And when I put on the telephoto,… no sir, … Read More
You can have a look at a couple of pull quotes from the Fed Boss remarks at a banking conference today and draw your own conclusions… Federal Reserve Board – Integrated Review of the Capital Framework for Large Banks Conference At least someone is keeping perspective: The Fed: ‘All of these Ph.D.s over there, I … Read More
Three story Monte is our game this Monday morning. An explanation, if you’re not old enough to track: “Three Card Monte is a confidence game, or scam, where a dealer (the con artist) uses sleight of hand to trick the player into guessing the location of a designated card, usually a “money card” like the … Read More
It has been God-awful hot down this way. What you’d expect for East Texas this time of year. But makes for miserable working conditions. Especially when outdoors. In the Sun. Sun + Humidity = HSP’s One of my doctor-friends has been after me for six months to build a Sauna. “George, the evidence is becoming … Read More