Consumer Prices are just out from thge Labor Department:
“The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.5 percent before seasonal adjustment.
The index for shelter accounted for the largest part of the increase in the
seasonally adjusted all items index, with the indexes for food and for medical care services also rising. These increases more than offset a decrease in the gasoline index, which fell 1.6 percent in January. The energy index declined 0.7 percent, and the major energy component indexes were mixed. The index for food rose 0.2 percent in January with the indexes for both food at home and food away from home increasing over the month.
The index for all items less food and energy rose 0.2 percent in January after increasing 0.1 percent in December.
The main “newsy thing” here is to ,look at the spread between the All Items CPI and the All Items Less Food and Energy because the latter is what drives Fed Decisions.
With All Items up 2.5% for the year and Less Food & Energy up a like amount, no reason for the Fed to change it’s self-admittedly unsustainable Making Up Money regimen.
One feature of which, this morning, was to throw a mere $78.85 -billion of repo’s on the first. With futures down how much?
This will be fun to watch. To see what they’re up against, go down to the beach at low tide. Now, start writing checks and write like a sonovabitch and let us know if it slows the tide’s behavior… We will see how much they toss in to the afternoon to prevent “disorderly conduct” charging into the market.
Besides uncertainty about how this morning’s consumer price report would lay out, the Biggie in background is the latest corona virus numbers.
Huge jumps overnight: 60,349 infected and body count up to 1,370.
My consigliere, who has a friend who got out of Wuhan safely (and educator) has been all over this. While we wait for iPhone make Foxconnto return to work, (see: “Foxconn says recent Reuters reports on factory resumption in China were not factual”) we’ve gone to wondering about product quarantines. Reports that the virus can remain alive on surfaces for perhaps 10-days, or longer, we’re wondering about air cargo shipments of phones to the USA?
Will the US Gov run the risk of letting in phones, not certain of their surfaces, which might spawn some pop-up cases of COVID-19 in the USA? Or, will the phones be quarantined and ozoned and UV-C’ed for a couple of weeks?
We know the answer, of course. Corporations need money and phones in inventory won’t kick up revenue. The phones must get through. “No Risk” mantra at the ready.
That said, I trust you also saw reports that the methodology used by China to count cases has been changed and that’s why the short-term decline rate-of-increase in reported cases the past few? Decepticons in the newsrooms?
Sure…like I hinted earlier this week, best time for the rich to sell off is after THE LAST claim that there’d be no recession this year and the market was going up.
1929 Replay Complete!
It’s not perfect – yet – but let me share one subscriber-side morsel:
“Spoiler Alert: We could be here a good while. But the Replay of 1929 is effectively complete!
Just because the market has mostly completed the manic rally, it doesn’t mean that we might not have another 10% – and maybe more – upside left to go….
As of this morning, our Aggregate Index (an equal dollar summation of multiple markets) looks like this::
Yum…cash and shorts…may have to get out the Scrooge McDuck suit, eventually, but way early for that.
The Tentacles of Mitt?
Long read, but worthwhile, methinks.
The half-hearted, lackluster Mainstream Media is often (OK, usually.,..) wrong in their implied conclusions. Let a 71 year old news-geeze walk you through what to us in OBVIOUS. You can’t help but learn a few things in half a century of dot-connecting.
Let’s begin with the story about how Attorney General William “Barr takes control of legal matters of interest to Trump, including Stone sentencing.” The subhead to the story is “Attorney General William Barr’s intervention in Roger Stone’s case wasn’t the first time senior political appointees reached into a case involving an ex-Trump aide, officials say..”
Gimme a call on the (Vince Foster Memorial) news tip line if you want to talk politics and investigations, some time.
While the wild-eyed Trump-hating Left may take the bait to shout “abuse of power” a quick search of the OpenSecrets website reveals the reportedly demoted at DoJ shares the same name as this database search report shows.
And that report, over some years, shows donations (if accurate) of up to $10- thousand dollars to Anti-Trumper Mitt Romney over the years!
You know…Mitt Romney who was the one key republican (in name only) who grandstanded (um…grandstood? Where’s my OED?) against Trump at the Senate impeachment vote? None other!
This particular campaign contrib search of “the name” du jour shows apparent support of Marco Rubio, John McCain, and George Bush. 10-large for Mittens?
Which means nothing, until it does. You see, there is not ONE Republican party anymore – you’ve been hoodwinked again, sappling! There are TWO. Let’s call one wing the Swamp Drainers and the other the Swamp Fillers. Mittens fills, Trump tries.
Not to be too conspiratorial here, but by the dawn’s early light, it appears to us that Donald Trump is not only trying to clear out a well-orchestrated Deep State on the Left (that made-up the Russia Collusion fraud, fed bullshit to the left-infiltrated media swine, and followed with an impeachment fiasco by some Schiffty characters) but that this same Deep State is likely to have crossed party lines to “get Trump.”
You’ve got three parties in America now: Commies, Corporates, and Swamp Drainers. (Two out of three want your gun rights…)
The DoJ failure to promptly prosecute Andrew McCabe, and perp walk the other third rail FBI perps, *as we review “how the Deep State plays”) reveals to us an unwritten “gentleman’s agreement” – a kind of cocktail-hour MOU – between the two legacy parties masquerading as representing The People.
Lefties offer to play with Mitt – and Mitt is an “influencer.” Friends in high places, you follow?
Meanwhile, since the DoJ attorney in reports was linked to the slam-sentence of Roger Stone, we’re wondering if there was any influence between any Mittens loyalists and due process?
We do not expect any of this to see the light of day, especially in the MSM. That’s because corporate back-scratching pays very, very well. “You bury my story, I’ll give you something juicier” is how it’s played. Made much easier by propaganda-filled Marxist indoctrination of the newsroom stooges in so-called J-schools, where the real Junior Journo brain-washing takes place.
Five W’s and an H are toast. Situational advocacy (see open borders for examples, or sanctuary lawbreaker excuses) rule the day. Picture of a sobbing kid, a distraught young girl…suddenly law-breaking if a stupid people rallying-cry.
A little too direct? Tough shit. We gotta believe our instruments or this plane will crash. (It may, anyway…)
Big picturing then: Having failed with a frontal attack on Trump by the Obamanista’s set-up, implants, and (still not prosecuted) abuse of the national security apparatus, it seems to us the second of the three party-system has gotten onto the dance floor with the first.
You’ll need Inspiration, or FreeMind, to keep your “mind-map” of this f/u’ed “pseduo-Reality” up to date. Inspiration 9 works for us, but if you want to cobble up an database connector, FreeMind is better and you can get it on Source Forge here.
(If your conspiratorial mind envisions Chief Nostracodeus Programmer Grady, sipping wine on early spring days in Alberta, while pondering how to write a compact connector to the OpenSecrets.org database, with the idea of mapping the money and outputting it into a 3-D display, that would be wholly unfounded. What’s more, if you think he might pick up the phone and see if we could scopre a free development copy of ThinkMap – which is the 3D visualizer underlying VisualThesaurus, you’d be completely delusional and wrong.
On the other hand, since “long-chain application processing” is interesting, using the core Nostracodeus code to scan the net and process, connector to OpenSecrets for financials along with some other online sources to delineate power and money influencers, displayed in ThinkMap and then ported into an autostereoscopic 3D presenation platform – like Alioscopy – would be totally bitchin-cool and within reach.
Sadly, living in an attention deficit world popped with single-concept sheep, at age 71 and check-out time on the horizon somewhere, it’s not the scale new project I’d like to take on. my limits aside, it ought to have been figured by the soon to be dying legacy news world which can’t see the PR Brick Wall ahead.
REAL news – in the future – will be migrating to the cross-correlated data sets variety and those who don’t get it will prosper only briefly until disrupted (like us?) as DBNS (data based news sets) comes along and offers deep (and useful) drill-down analysis for non-sheep.
For now, the world meltdown is in slow motion because, as revealed in Warren Buffett’s lower-key genius sidekick “Munger Tells His Newspaper Company That Papers Are Finished..” (Note to average ewe-alls: Charlie and Warren are rich because they a) spot trends and b) put their money on winners.)
If Munger gets it, Buffett gets it.…and the transition from “the news” to “the data platforms” can begin. More this weekend in Peoplenomics for subscribers rich enough to pop $40-bucks a year for what’s coming, not “what was” or a micreant series of delusions under “our corporate agendas” – which is what’s behind most paywalls, but I digress… )
We COULD offer some “informed speculation” about how the Left in Washington, and the RINO Right have an alignment of interests to put extra pressue on Trump while he “going hard on Trade.” But, that would lead to more speculative computer runs. And absent an impartial grand jury to “follow the money” we don’t see the point.
But, the question lingers: Who’s “doing” who?
Ah, my little yearlings – back you go to the Drudgery in the “flat news” world.
Just telling you in advance that within 10-years, there will be a new kind of news and just like the Johns Hopkins view of COVID-10 in ArcGIS. if you’re not remodeling your mental space to accomodate other than “rip and rewrite” flat-lander pap, you’re on a one way ride to the digital slaughter house. Digital Victimhood, orchestrated by the Digital Uprising enroute to Digital Mob Rule.
Your need go read some old books. Like Daiel Yergin’s 2002 book “The Commanding Heights : The Battle for the World Economy” because the answer has been apparents for 20-years. The code is still closely held, but let this be enough of a hint for how as to who the power players are (informationists) and who the sheep are (ewe).
The rest of the flow this morning – beyond panic going “viral” and CPI kicking up it’s heels – and will iPhones be quarantined…what else really mattrers but love and taxes?
I apologize to Peoplenomics subscribers for doing “Peoplenomics-like” content here. More coming, though.
Write when you get smart,