Stimulus – The “Reality Gap”
We’ve been warning you for months not to expect a second economic stimulus until after the election. Although the market is on pins and needles – waiting for a rally on any hint of breakthrough – we’re as sorely cynical as ever.
CNBC’s been running with U.S. stock futures little changed as stimulus negotiations continue, but from the Aggregate view, the NASDAQ-FAANGs were still showing another one percent gain at the open in futures, so markets are putting on the “hard sell” for “good news.”
What we expect is going on will be – at best – a “hype-through” outcome. Which would be where something is passed before the election. But, both sides will take credit for it (since it won’t be in the bank yet). I know…call me cynical, but that’s how we see.
Still looks like dems will block money in bank until after the election.
Judge Not Lest?
We expect the socialist radicals in the Senate (Bernie and Kamala) to attempt to “Kavanaugh” Amy Coney Barrett’s Supreme Court nomination. As US News puts it “U.S. Supreme Court Nominee Barrett Has Proven Steadfastly Conservative.”
Which means – and she’s saying this herself – she will “judge the law as written” which would be a terrible thing from the advocate judiciary who want to promote the idea of “legislating from the bench.” Sure, that’s crooked…but so are the people promoting such fallacies.
We look for a meritless career-shredding and one the insurrectionists – trying their damnedest to write-around the Constitution – will be sadly unashamed of. There is no Higher Power to the Me, Me, Me Crowd. So, yeah, let’s make her being Christian part of the attack, too. Bet me? ‘nother day in Gomorrah, huh?
Hinges On Hype
With no real economic news, it’s all going to hinge on hype today. Tomorrow morning, though, we will see Consumer Prices. Our expectation is prices will not move too much, but maybe a shade more than predicted.
The other big numbers to keep an eye on this week: Retail sales Friday along with industrial production from the Fed. Wednesday’s PPI will offer some longer-time inflation guidance while Thursday’s imports data will tell us what we already know about being sold out.
Eye on Growth Industries
We continue to hold 3D printing may be the future. An upcoming Peoplenomics piece is planned on how it could reduce global warming. (My new Creality 10V2 didn’t show up from Amazon Sunday. Instead, the smaller Ender 3…which we already have one of…thankfully it’s Prime and the return is easy…)
Oh, yeah…are you going to set an alarm clock for midnight tonight when Prime Day starts?
One other growth industry to ponder: With eye on election and beyond, marijuana industry spends millions on lobbying, says the MJBD.
The Nobel Committee once again overlooked our daily efforts here. As the 2020 Nobel in Economics Is Awarded to Paul Milgrom and Robert Wilson. Auction Innovations? Like how government is bought by lobbyists?
Is Goldman talking their own book again in “Short the dollar if Biden wins the White House, Goldman Sachs suggests“? Remember, there’s no growth. Markets are going up because the dollar is dropping. Like gold, takes more (worth-less) paper to buy the same thing. It’s like there’s “honest inflation” and what’s coming.
War never goes out of style: Armenia, Azerbaijan Clash As Ceasefire Fails To Stick.
We assume you’ve seen the doc “The Social Dilemma.” Some follow-on in the NY Times’ “On Facebook, Misinformation Is More Popular Now Than in 2016” like that will surprise anyone.
And the AntiProgress communist uprising in Portland continues to insult American sensibilities as “Portland Rioters Topple Abraham Lincoln and Teddy Roosevelt Statues in ‘Day of Rage’ Against Columbus.” Another view of it in “Police declare riot as protesters topple statues, break windows in downtown Portland during ‘Day of Rage’.”
Peaceful protests, my ass, Joe. “Get real man….”
World of Woo-Woo: A Time-Rip
We’ll venture into the highly speculative arena of “lost technology” and how it might be recovered. Wednesday in Peoplenomics.
But, we did some experimenting Sunday. And what followed – shortly thereafter – was an AMAZING adventure.
Time Rips: I don’t know is there is such a thing in acceptable “modern science” but we’ve working on the Reaction Speed Diet. Possible effect of those experiments driven will be postulated Wednesday, but “time rip” comes pretty close.
Defined as? When a person sleeps, normally their mind operates in similar timeframe as when awake. If the mind operates much faster? There’s a different “time-base” involved. The effect last night was ginormous.
Since we have an Amazon Alexa’s going, it’s easy to ask (*a bit groggily during the night) “Alexa: What time is it?”
The time that mattered? “It’s 2:39 AM.”
Ungodly hour, so back to sleep. Where upon I had a hugely engrossing vivid dream. In the Dream Realms it spanned several days in length. And, as usual, a high level of tactile sensory inputs. Like going to IMAX.
Finally, when it ended and I woke up, my first thought was it was such a long dream that I might have overslept for work. (Or what passes for it.) “Alexa: What time is it?”
“The time is 3:01 AM.”
I’d just had a dream – hugely complex, dozens of scenes, and more people than scenes – yet the whole experience took only 20-minutes of “Waking Time?” Wowie Mr. Science!
Holy smokes! Not only is the Woo-Woo back, but it’s operating at hyper-speed.
I can’t be sure – no one can – but my sense of it is that the period of quiescence – the period leading into the election – which is now just 22-days distant – has broken.
At least in The Realms, the decision is made, the outcome is cast. And now we move on.
Woo 2: The Bomb That Wasn’t
One of the half dozen, or more, dreams last night – another short one, under an hour – had that “remote viewing” sense to it.
The scene opened with “me” dream-seeing a rugged mountainous area. Dry, arid. And there was a low mountain off in the distance. Might have been 5- miles,. or so. Reminded me of those “cinder cone” peaks (are those along I-40, or I-10? I forget). Not as steep.
At the top of one, though, a new kind of bomb was being tested. There was a countdown, and I was told this would be a smallish bomb (as these things go). But don’t look…burn the eyes.
But, when the count got to zero — nothing happened!
I remember the fellow who had been orchestrating things telling me to carefully look. So I peered out from behind the wall I’d taken refuge behind. I could see only a tiny sliver of the mountain in the distance. But, there had been no explosion.
A moment or two passes. Then the “leader” of events tells us (there were a dozen, or so people in this building with a view) that this was the “worst possible thing to happen with ordnance…especially of this type.
Because whoever went up to work on it would face two risks: There would be the risk of a conventional explosive. On top of that, however, there was the risk the larger nuclear component would go off. In either case, it would be over in a flash for the unlucky bomb experts who would now have to attend to things.
Except that didn’t happen. Because at that moment, there was a mighty conventional explosion and there was an image of fiery debris coming our way….
Some thing (not too big…like a small rocket, maybe) hit the side of the building to the left. The building was a bit more than one story high. The instant the device hit – spewing flames – a group of a half-dozen men (all dressed in dark gray suits of some kind) ran toward the impact area intent on dousing the flames.
Then I woke. Whew!
I don’t make claims about any psychic abilities – everyone has them to some degree. But, if we learn (somewhere in the future) that around this time, a belligerent country (like Iran or North Korea) had an atomic bomb test – and it didn’t work out as planned – well, that was the imagery from the dream.
I’d be shocked if it happens, yet I was shocked when I put up the “Irwin Allen’s Dream” piece a day before the Deep Water Horizon disaster, too. So we shall see…
Woo-3: Corona and Gold?
A note from our Jakarta Bureau popped out of the I-Ching Inbox as soon as Saturday morning’s column was posted on Peoplenomics.
I thought this might interest you: https://jakartaglobe.id/opinion/is-indonesia-ready-for-the-future-of-gold
Indonesia is caught between a rock and a hard spot. As demand for gold soars, the mines are in partial or full shut-down over the Fauci Flu. This kind of squeeze should be pushing global prices through the roof, so we can clearly put this down to manipulation.
Onward through the fog!”
I didn’t think anything more about it as I marched over to the house for breakfast. In fact I was on the top stair of the BBQ deck before it hit me like a ton of bricks: “Oh shit…It’s foggy outside here in East Texas this morning…first time since last April, or so…” A wink from on The Better Writer of Events?
Speaking of Grover…
Add this to your calendar:
– #QandtheQult, our inaugural #Livestream with guests #JosephPFarrell
is scheduled for Oct 13, 1300 CDT/2000 CET – Oct 14 0100 WIB; set your reminder for this illuminating discussion:
Far Side Productions
Yes, things are drifting along toward strange, now, aren’t they?
Write when you get rich,