You remember my deflationist pal Jas Jain? The fellow who went long bonds from the late 1990’s and has done very well as the Long Wave has done well for him?
Well, he looks at things a little differently than most – perhaps because as a multiple-patent holder in DSP, you have to think new and innovative thoughts.
Regardless, he sent me a note about Earthquakes. And since Elaine still remembers the 1952 Tehachapi earthquake, a bit of a heads up is in order:
If you were not yet in California in ’52, here’s a summary of what happened:
The 1952 Kern County earthquake occurred on July 21 in the southern San Joaquin Valley and measured 7.3 on the moment magnitude scale. The main shock occurred at 4:52 am Pacific Daylight Time (11:52 UTC), killed 12 people and injured hundreds, and caused an estimated $60 million in property damage. A small sector of damage near Bealville corresponded to a maximum Mercalli intensity of XI (Extreme), though this intensity rating was not representative of the majority of damage. The earthquake occurred on the White Wolf Fault near the community of Wheeler Ridge and was the strongest to occur in California since the 1906 San Francisco earthquake.”
OK… so this note from Jas pops in:
“There are Four Seasons In California
According to the experts the Big One is long overdue. The infrastructure built since the last BIG ONE has never been subjected to the stress of a big earthquake. Two HUGE pipelines that pump water up over Tehachapi Mountains (one on the West, California Aqueduct serving San Diego, and one on the East, Los Angeles Aqueduct), with gigantic pump stations, might be damaged and we might have big flood problems. Try to prepare as best as you can because it is a known threat as was the case in Puerto Rico. It is only a matter of when.
Here’s what the cut up Tehachapi Pass looked like back when we were still flying our plane around. Here, going up the pass enroute North Las Vegas…
Beautiful country. But given a large to Great Quake, what will the landslides do to SoCal, water supplies, and all that?
I’ve learned when someone sends my “I-Ching Inbox” (acts like an email box presenting commentaries on the Ten Wings) a note like this, it’s like a message from the Universe to “Get Ready, Set…..” Just in case.
So check the stocks of food, water, and bug-out plans accordingly. Prepping is one of those “zero-downside” endeavors in Life. If you’re better prepared because of it, and a quake cometh, thank Jas.
Meanwhile, at 10:19 AM this morning, the city of Santa Clara, CA is holding a Great Shakeout Earthquake Drill. Wonder if Jas cc’ed em?
So, You Don’t Read Peoplenomics?
As a voter, pay attention to the bottom line from our Wednesday report this week which I summed up this way in reply to a subscriber note:
“Yeah – lots of people buy the “Perfect Reagan, bring on tax cuts story.”
But when you study 1981 and the following 7 years on the basis of Real (e.g. inflation-adjusted) GDP growth and what you find is an ugly nonpartisan fact: Reagan indeed tabled a 28% growth rate of GDP for the period.
But look at Clinton – 1993 to 2000: 31.9% growth in a comparable 7-year period. Yet the Right tends to take things out of context.
See the data here:
As I think I correctly asserted in Wednesday’s PN, the data support the notion that economic growth of the real sort is more attributable to the quality and breadth of life/business-changing technology presently in diffusion, not tax policies except to a minor extent.
It makes the Right – AND Left – uncomfortable because the real drivers of human progress are changes in technology, not some BS magic bullet economic policy crap, except at extremes.
Give me tech and innovation over a worthless crowd of lying fools in Washington, any day.”
Ergo, to put it in golf terms: The long ball strikers will be in the club house long before the 100-yard weakling, no matter who good the weakling puts.
Technology is the “long ball” that America needs to focus on, not the weaklings (who seem to be everywhere, especially in the press though) are trying to put Trump out of office.
Speaking of Tech: Woo-Woo
Some woo-woo: Had a dream a couple of nights back in which I was some kind of government offishul (sic) and maybe a member of Congress.
I was present as Elon Musk and Donald Trump announced some kind of federal co-development program for a radio-frequency excited spark plug!
I’m sure you know about the late John Kanzius’ famous demonstrations where he broke down salt water into Brown’s Gas and burned it.
But in the dream, Musk’s researcher’s had come up with a special RF waveform that doubled the mileage of cars because the vaporization/combustion was so complete.
Oh, sure, we all know the super-spark from an MDS ignition system (like I had on my 930) works something like that. But this was pulsed RF into the contained gas that did something nearly magical.
Coming to a world near us? The texture of the dream was vague…maybe next year sometime…,
OK, off to see how nutty the markets will be.
Write when you get rich,