There are a ton of moving parts leading up to the four day weekend. But overall, no “life-altering events” are seen until July 8th, or later.
What say we roll through these in reverse-order because I’m writing (some of this) prior to the job cut and unemployment filing data?
Kona is easily covered: Variety being key to a happy life, I roll with differing beans and leaves – depending on day – between a Kona blend, pure Columbian, pure Arabica, Earl Grey, and a blend.
Somewhere, a linguistic virtuoso should be able to infer which based on writing style drift. Advanced degrees are regularly offered on flimsier research topics! Though Kona is good for reflective and thoughtful hyperactivity.
Cosby Freed? AYFKM?
Political BS and sideshow material. Still did things as alleged and to us, it’s another example of how “The first victim of any courthouse proceeding is Justice.” Our thinking? Technicalities matter, I ‘spose.
Pennsylvania needs a new Supreme Court. There was no exoneration of Cosby’s criminal behavior. He’s out on a technical foul. Instead, we read this as yet-another liberal whack at “contract law” hidden in plain sight. Following?
See: in contract law written documentation (along with notice of service and such) trumps all verbal assertions. Which are largely invalid. Essentially, if something hasn’t been reduced to writing and signed, it is taken as never existing.
Should a new district attorney be bound to all verbal promises (or even hints thereof) of a predecessor? No, of course not. Except verbal does prevail in Pennsylbotomy. Don’t talk to people from there. Text or email only going forward.
This is why Fire and Police Departments memos are often emblazoned VODG – verbal orders don’t go. None of my military friends run on “verbal assertions” and “or unit traditions.” If something’s not on paper, does it exist? In line services? No. In liberal courts (see where Soros is spending money, lately?) Yes.
Your mileage now varies by state more than ever.
Speaking of Courts: “BLM Rioter Who Smashed Car Window in a Toddler’s Face Avoids Jail After Lawyer Says it Was an “Emotional Time” – in Summit News” is another example of “justice” that has us wondering if America’s gone totally nuts. (‘fraid we know the answer, but we keep hoping…)
(Still waiting for job cuts to cross so we’ll ahead skip to…)
Long ago we talked about how inflation and its “split” – into things you can do without (which are still cheap) and things you can’t which are going roofward. (I really oughta copyright that word!)
Chris Tyreman’s “Step by Step Millionaire” series has a focus on hyperinflation here:
Just remember that the “gotta haves” are where the action is. Chris did an earlier video here on how to park money in “things” which may not go down in value (like food) but whose price may go up. If you missed it, click here. We like partially-depreciated solar panels, gardening, and stored foods, for example.
On FinViz today, we are seeing the price of lumber continuing its collapse: Down to the $730 range earlier. Cheaper than last summer’s peak, in fact.
But look at what’s going on with the foods and softs: Soybeans, coffee, sugar – all going up. Yet, at the same time, gold and silver are still wallowing without much direction and the 10-year Treasury note closed Wednesday at 1.443% which means if you’re banking on widespread hyperinflation, you might be disappointed. The data says it’s like one of those rare Blackjack hands in Vegas, where “splitting your hand” makes sense.
A Sceptre 55″ UHD TV is $364 at WalMart today – free home delivery, too – so not everything is going up like mad.
Almost cheaper for a building to put in a camera, mini-PC on the VESA mount and hang that on a wall instead of a window. But we told you about Windows as an alternative to windows, what, 10-years ago? Building codes exist to protect us from progress and innovation, sometimes. Look up your city’s minimum fenestration requirements, if you doubt me.
Bitcoin Drop Ahead?
We sure like Elliott waves. But is our view right in this?
Looks like a 3 down may be ahead, but we shall see, huh?
Dear Defending Democrat
Here’s some reader feedback to be really clear on:
“Yep, those disgusting Democrats, raising employment/population ratio to pre-pandemic levels!”
Meaningless metric. (Government and the hype-driven media will, of course disagree…)
I’ll say this again because someone missed it: The ONLY number that matters around here is TOTAL PEOPLE WORKING – and that’s still down more than 5-million from two years ago.
Let me show you what our reader’s critique is based on:
Follow the highlights (yellow) and I’ll show you how the numbers get “jiggered for political ends.”
Was the civilian labor force REALLY 53,000 fewer people last month? With how many new arrivals from the Open Border?
Now go down to the bottom and ask were did the 160,000 people dropping out of the labor force last month go?
(In mathematical terms) the Employment to Population Ratio is a [dependency] on these fruity changes to the data. Oh, and I politely left out that the CES (Current Employment Situation) Birth-Death Model MADE UP 218,000 new jobs estimated into being in May.
In our simplistic, ham-handed view, half of the increase in May’s claim of 444,000 more jobs was based on statistical inferences (guesses).
I was going to bite my tongue on this but can’t have people easily misled by news reports which are nothing more than parroting of tripe from the top.
New “offishul” data tomorrow. Count total people in America working and let’s see how that comes out in tomorrows numbers – compared with two years ago – not last year when we were all locked down by the (they’re still debating whether it was a bioweapon).
I don’t expect the job number tomorrow to be particularly good OR bad. We’re in the “meh!” camp. Especially following the Challenger Job Cut report just out:
“Job cuts announced by U.S.-based employers fell 16.7% in June to 20,476 from 24,586 cuts announced in May. Last month’s total is the lowest monthly total since June 2000, when 17,241 job cuts were recorded, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
June’s total is 88% lower than the 170,219 recorded in June of last year.”
And in the day’s New Unemployment Filing data, remember NSA numbers are actual and the S.A. (*seasonally agendized) are whatever they feel like for the month:
New filers for benefits fell more than expected, but the continuing claims are up more than 34,000 so let’s not get too excited. Quick pop up in the Dow futures, but any excuse to round up the sheep…
And so it rolls…,
Minutia in a Minute
Let’s automate lawyers! LegalZoom shares jump 30% in market debut; CEO sees further opportunity in online legal services. (My expert system can beat your expert system… it will come to that with A.I. you know, right?)
The Donaldizations continue with “Trump, at U.S.-Mexican border, slams Biden for ‘open, really dangerous’ border while at the same time “N.Y. grand jury said to return criminal indictments against Trump’s company and its CFO, the first from prosecutors probing the former president’s business dealings (msn.com). Let me guess…non-partisan lawyers? LOL! I can sure tell a good one, huh? Where’d I put my “indict a ham sandwich quote? Ah yes…
“New York State chief judge Sol Wachtler was famously quoted by Tom Wolfe in The Bonfire of the Vanities that “a grand jury would ‘indict a ham sandwich,’ if that’s what you wanted.” sayeth Wikipedia.
Meantime in the crooked elections file: “Liberal writers attacked Eric Adams for questioning New York City mayoral voting numbers” reported Fox.
Chip wars continue: China’s got us by the short-hairs on this one as Chip shortage causes Ford to slash vehicle production at several plants in July
NFT Madness Still Spreading: Tim Berners-Lee sells web source code NFT for $5.4m – BBC News. Quick, take a digital picture of that thing you sit on, tokenize it, and sell it for Big Money! Big Money! before the world sobers up. We wonder when global famine shows up if people will try to eat tokenized pix of The Last Supper….
And here’s the Daily Covid Jerk-around: where we wonder what day it is and whether we need to mask-up to use the bathroom… CDC Director: Vaccinated People Don’t Need to Wear Masks Amid Delta COVID-19 Variant Fears (theepochtimes.com). We’re STILL in the control group and we don’t sign ANYTHING giving away our rights.
Around the Ranch
Not a topic for ShopTalk Sunday, but I’m scheming to do a better job of “Supervising myself” over the 3-day weekend. Trying to line up the projects and material changes to keep two 3D printers and a pair of CNC machines busy…
More rain coming: Friday’s entertainment here will feature lawnmowing ahead of (still more) rain. 2 inches to go.
We’re still shaking our heads over East Texas tall pines country being significantly cooler than the Washington Cascades. 88, 85, and 86 are the three day highs around here. Mid 90’s an up in the Lake Chelan area. Who’d have thought?
Write when you get rich,