Yes, it’s actually Thursday. As I rolled out the garbage to the street – a highlight of Thursday’s here – the realization dawned: The news is mostly garbage, anymore. Maybe I should toss out one of the workstations?
The Mania Checklist
Bitcoins – the digital tulips – were back under 40-grand when I looked earlier. With more than 4,000 crypto’s now, Ethereum is getting the hype because it doesn’t have a hard cap. Which, as I’ve explained, was one of the few differences between it and Fed/Gov made-up money. Crypto’s are for fools, we’ve been saying.
Kind of like going to the Moon: Just because technology can take you somewhere, there has to be a point. The main selling feature of asteroid and moon-mining stories is no environmental impact authority. And since when do pipsqueaks on Earth extend their Just Us system to non-Earth destinations? Does U.S. law matter above the Kármán Line? I don’t think so, but that’s a separate (long) discussion. Possession is 9/10ths of the Law and Chairman Xo Biden will cede the Moon to China, too.
Quiet story a couple of weeks back if you missed it: The Moon, Mars and Beyond: China’s Ambitious Plans in Space over on Yahoo. And even though we landed on the moon more than 40-years ago, it’s just now that General Motors building Lunar Terrain Vehicle for return to the Moon. Yessir – fast-acting, quick reacting ‘Merican ingenuity, for you. Are they putting side impact and air bags on it for when China’s rover rams us?
Speaking of Slow (and thus Xo) and American Mal-management, didja see where US authorities move to double tariffs on Canadian lumber despite a meteoric rise in prices and demand | Markets Insider.? Yes, that’s right: Minions of Slo at work. Doing their damnedest to kill MAGA and make America dependent on China like never before. You Go, Xo – kill that golden goose!
As Long as We’re on “Stupid”
Want to read a puker? Lockheed Martin’s Woke-Industrial Complex, reports City Journal. Involved sending white males to company sponsored re-education. FMTT.
Here’s some free management advice: LHM ought to spend 100% of time and effort getting their cold fusion reactor shit together and less time pissing away shareholder equity on political correctness bullshit. I’ve added ’em to my personal list of “Stocks of Stupid Company’s” which I won’t buy. Get cold fusion done and see if they can shake-off the Marxist HR programming scheme and then maybe….. BTW, I call my approach Critical Advanced Screening Help. CASH. Beats CRT-crap every time. Best: it’s already in higher ed as economics departments. No department of CRT empire building needed. No Marxism. Let’s leave that in Venezuela (*and the House) and move forward, shall we?
Look: Investors don’t “invest” in non-product oriented waste. HR departments all over the country are falling for the “woke joke.” Fact is? America’s lock on “deal killers” being lawyers and company-killers being Bean Counters has evolved into company-killers being due to HR stupidity. No one has ever made a dime investing in wokeness. Except maybe HR vendors.
The Real Game afoot? Without real breakthroughs, we’ll make up a “Correctness Economy” with sides of Reparations and freebies for illegals. All to support the nonstop empire-building in the Swamp.
Haven’t we learned anything. yet?
Beat the Don is still game-on, too: Donald Trump investigation: Prosecutors investigating Trump tell witness to prepare for grand jury testimony, alleges CNN.
As a “straight, hetero, white, privileged, lower-class working scum” my personal burden is Trump’s policies were great (but his personality sucked). The disaster lineup for 2024 looks worse than ever, but we may not have elections anyway. Since China will have Taiwan by then (and maybe Hawaii) since Biden’s likely to reprise Chamberlain…but that’s a long-chain thought process too long to review.
Short version is effeminate cultures lose wars.
Denial’s Still Rolling
I got a double-dose of disdain earlier this week for mentioning that China’s gambit is to hold us by the “chip hairs” pending “reunification.”
For those in geopolitical denial, we’ll gently remind of stories like Global chip shortage: The logjam is holding up more than laptops and cars and could spoil the holidays “ and “World Faces Longer Supply Shortage as China’s Factories Squeezed.”
The Cupertino brain club doesn’t have a backup plan, so far as we can figure. So design boutiques will all be in China in 10-years. Are we the only ones to take Belt & Road and “China’s Century” seriously?
Denial overpowers data, once again. Let’s see if we can help:
OH! REAL Data
Bursty Bubble time: Unemployment Claims:
Durable Goods is Falling Down
Here’s a bummer for you:
How About GDP?
Gotta be up. I mean what’s the Fed making up $120-billion a month ($1.44 trillion a year for, if you can’t put up a winning number, right?
As always we’ll remind you with Money supplies up nearly 30% a 6% gain in dollarized GDP is pretty sucky. You didn’t like math, either, did you?
After the data (as the hype rolls in) Dow was up a hundred and change, SA&P flat, and NASDAQ down 40. Pick a winnah and chicken dinnah… (I feel like a Mentalist, lol.)
In the Shorts
Of course it was a bioweapon! Shit-fire and save matches, people. We’ve been hinting like mad on this for a year and a half. As usual, we’re going to be right again – as it now comes out that China ‘cover-up’ hampering investigation into COVID origin: top US general. Which is how you pivot from the “natural occurrence lie” into whatever policy fumble comes next. Denial from China, of course: Chinese Embassy Slams Washington For “Politicizing” COVID Lab Leak Theory. (They shoot truth leakers, don’t they?)
Tax and Spend is alive and well as Chairman Xoe Biden to Propose $6 Trillion Budget to Boost Middle Class and Infrastructure. What we should be building is factories to replace China dependence. But that might make America great again, huh? The Kamunists and Bidenista’s can stand for that, of course…
Cryptomania chronicles: Elite Mining Inc. Positions Itself as the Global Leader in Green Cryptocurrency Mining With New Funding and Partnerships. Mining the miners, anyone?
Recycled News Headlines. Here’s one I wrote and reported on in 1970. Same-frickin headline every year for 42-years I can attest to: Memorial Day weekend travelers could face delays. Well, no shit. Who’d have thought?
On Money and Anti-Aging: Chris Tyreman’s video of the week in his “Step by Step Millionaire” series is very useful. Because as you know, both Elaine and I are seriously into supplements to keep the brain and bod young. Tyreman’s take is over here: I’ve Been Experimenting With Age Reversing Drugs! – YouTube.
ATR: (Around the Ranch)
Blame me for all the rain in Texas over the past month.
No, not the ENSO (el Nino southern oscillation). That would play into climateering.
Just let me buy a new lawn tractor. Hasn’t stopped raining for the grass to dry out, since.
Elaine’s doing fine… my cooking is putting a few needed pounds on her, too. Stir-fried beef and fresh-from-the-garden sautéed zukes and squash last night. The work has been worthwhile.
Got up this morning to hack away on my next book “Packing for Death” and expect to have the first chapters up on Peoplenomics next Wednesday. As always, comments will be welcome.
Have a hugely productive day and write when you get rich,