Little real economic news to begin the morning. Oh, sure: Italian retail sales and Denmark’s industrial product matter…if you’re Italian or Danish. It won’t be until an hour before tomorrow’s close that we’ll see the U.S. Consumer Credit (né Debt) will be revealed. With it, comes reassurance that we’re still spending way more (as a … Read More
Massive relief rally early. But after that…who knows? As we begin the week, there isn’t much ahead until the Fed’s “Consumer Debt” report. Wednesday. Which they call consumer “credit” because they are creditors. We’re the simple-sap debtors… To us, it’s a reasonable time to reload for the fall and what could be another round of … Read More
My bad. I missed Ham Radio Field Day. It was last weekend. As happens the last weekend in June each year, amateur radio operators (include from our club in town) and my buddy The Major‘s club is up in the Seattle area; he and some buds headed for the hills and remotest of places. From … Read More
I couldn’t just sleep-in. Had something on my mind that we need to watch for in coming weeks That is, if “spider sense” means anything outside of Marvel-space. I hope you’re having a dandy weekend and this will be mainly an expansion and continuation of the thinking that I outlined on the free side (Urban) … Read More
Or, “How to Steal Without Robbing….” Yeah, you’d think you can’t “steal from someone” without robbing them, right? For mere mortals, the likes of us, that’d be the case. But in the CRAZY world of Made Up Money (*disguised as “Modern Monetary Theory” which is a misleading label for Marxist Monetary Theory, which is turn … Read More
We have two “stories that matter” in addition to the continually soars, jacked-up-on-cash shit-show previously known as the Stock Market. Normally, given the serious hit to both employment and economic activity, stocks would decline to lower levels of equilibrium as risk and reward rebalance. However, with the (not really) Federal (and with no…) Reserve, save … Read More
Oh no! George has roughed out another book idea. And subscribers will vote the project up or down. I hope it will be a harder choice than the choice in the fall election. Before that, a bit of pre-holiday news to go over and the market charts, of course as well.,.. More for Subscribers ||| … Read More
Incomplete data due to CV-19 in Detroit area. 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 4.7% annual gain in April, up from 4.6% in the previous month. The 10-City Composite annual increase came in at 3.4%, remaining the same as last month. The … Read More
We will take care of “real news” first, today. Down toward the end of this report you’ll find the “book news” and some research notes. More tomorrow for our Peoplenomics.com subscribers. Today Plus 2 An abbreviated trading week and before the housing numbers, the Dow futures were down a bit. Although we did a $60 … Read More
You ever shoot pool, or play golf? I want you to think back to the wildest of those times. To either when you rolled the golf-cart over while playing “polo golf” in the rain in Seattle at Jackson Field (Randy, my UPS driver a billion years ago, lost a $20-on that). Or the time at … Read More
Got up early this (Sunday) morning and a few minutes before sunrise, had a successful “test firing” of the new Harbor Fright Dust Collector: Not terribly noisy – and the old (small) unit will remain installed in a through-wall set up. It will be plumbed to move the 3D printer odors outdoors. I may upgrade … Read More
Earlier this week another “Tool Project” came home: The radial arm saw. To be sure, it will be a bit of work getting it into 100% to my standards of readiness. There may be some paint, a few rust spots to be “cured” and lots of elbow grease. Plus, a missing elevation crank has been … Read More
With a mix of terror and remorse, we line up the “history that logically follows” as the markets prepare for collapse. Just this week, for example the Federal Reserve’s H.6 Money Stocks report owned up to swelling M1 (cash and equivalents) at an annualized rate of 88.5%. While “doubling the money” (or close enough for … Read More