Sure, Joe Biden gets a lot of things wrong. BUT, when it comes to aging, the latest chapter in the American Political Psychodrama about Biden’s age seems headed into the ditch. You see, Joe Biden’s been wearing a CPAP machine and…so what?
More than 8-million Americans use one of these devices. Continuous Positive Airway Pressure machines. If you’re not using one, don’t fall into the discussion about health that may be made to follow.
While most of the reporting on this has been reasonable – such as Biden has begun using CPAP machine for sleep apnea – what’s not stated is that CPAP machines are proactive, preventative devices.
Apnea is – literally – not breathing for a few (to many) seconds while you sleep. People who are particularly susceptible to loud snoring, for example, may get much better rest – and notice appreciable improvement in their sleep when using a device.
Commercial truck drivers who have sleep issues, and are prescribed a CPAP machine by their doctors, are even regularly monitored for compliance. So are people like me who have an extremely low resting pulse rate (like 39 at times) who also stop breathing in their sleep.
A CPAP machine may also improve mental clarity – the difference between a good, sound sleep and waking yourself up periodically to remember to breathe is really quite remarkable.
If you’re young – and maybe in the “Can’t happen to me” crowd – or think this is in anyway an indication of failing acuity – might want to study 30+ Sleep Apnea Statistics and Facts To Know in 2023.
CPAP machine users at my age (74+) and have read the studies – let alone use a machine regularly – don’t view them as bad in any way, shape, or form. On the other hand, we don’t get confused about Putin losing the war in Iraq. (Biden has confused Iraq for Ukraine twice in the last 24 hours.)
I’d give Biden a month – maybe two – to adjust to his machine. Sleep docs know the “catching up” when you first go on a CPAP machine can take a while. OTOH? If Biden’s geographical references don’t improve in a month, or two, then a more aggressive gerontological inspection may be warranted.
Dim Sums: Data Rolls
Lots of things to consider going into the 2, 3, 4, or 5-day weekend for the Fourth of July next week. Technically, markets will be open Monday and the federal government will put-on like it’s working. But, naw. Congress is (still) out to lunch. You can track for how long (besides ever) at
Which rolls us to the Corporate Profits report just out:
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $121.5 billion in the first quarter, an upward revision of $29.7 billion from the previous estimate (table 10).
Profits of domestic financial corporations decreased $9.4 billion in the first quarter, an upward revision of $16.0 billion from the previous estimate. Profits of domestic nonfinancial corporations decreased $102.9 billion, an upward revision of $6.5 billion. Rest-of-the-world profits (net) decreased $9.2 billion, an upward revision of $7.2 billion. In the first quarter, receipts increased $9.4 billion, and payments increased $18.6 billion.
This is in addition to the GDP figures which quarterly go this like:
Unfortunately, we only get quarterly updates on the Velocity of Money at M2 – a real indicator of how things are going once a quarter, after the fact.
Still, the weekly New Unemployment Filings is useful guidance:
And so is the tail-end of this report which offers some state-level detail based on states improving (lower filings) or rising filings meaning a softening economy.
How Bad Will the Recession Be?
One of our “look-ahead” charts on the Peoplenomics subscriber side suggests that since we are likely rolling into a Wave 3 down in the stock market, the decline could last from late summer early fall of this year and then into next. The problem is analogous to a “flying problem.”
That’s the delay between when the pilot’s eyes behold a mountain coming at ’em through the wind screen and they pull back on the yoke/stick. There’s what can be a sickening delay between control inputs and the physics of how long before laminar flows reattach, yaw change stabilizes…and all the rest. (You’ll get micro versions of this when you “bounce one in on landing.”
So, that’s how our Economic Future looks.
In the long wave economic cycles, we saw a decline from all-time highs in 2021 to the 2022 lows, and if/as Wave 2 ends and we roll into the Big 3 Down, it’s reasonable to expect the timing to be equal to either Wave 1 or Wave 2 temporally. Big, hard, fast recession and “V” shaped recovery or the dems stand not only to be locked out of the House, but also give up the Senate in 2024.
Let Me Show You the Waves
Pretty simple, really:
For now, we’re just watching, skeptical of everything, from the sidelines. The market has, in our view, been having too many days of “split results” lately. That’s where the Dow might be down while the S&P and Nasdaq go up (green vs. red kinda thing). Being full-blown financial cowards, well, that’s what the rocking chair is for.
Speaking of which, Bitcoin was upwards of $30,700 in the early trade today. If BTC takes a header over the weekend? We won’t care. Still more evidence of the “dirty money/filthy lucre” purposes of the crypto con revealed in the headline Bitcoin recedes as illicit actors look to Tron, Ethereum, and Binance Smart Chain as blockchain wars evolve. Fighting over the spoils of spoils.
Yes, as the crypto madness continues – in stories like Blackrock’s Bitcoin ETF to Fuel Price Surge, Says Crypto Banter Host – We’re waiting for Blackrock to announce Greyhound and Pai Gow ETFs… Please, BR, let me in on the Texas Hold ‘Em ETF?
Checking the Threat Board
Heads may roll in Russia, we’re thinking: Russian general identified by US intelligence as having advance knowledge of mutiny reportedly arrested. Although, in fairness, what better way for us to get rid of a competent general than by tagging him in the wake of the Wagner false march on Moscow? Other places, we’re reading there may have been a US asset involve in this. Not likely to leak out who was on urgent family leave, though, since holiday weekends are better than a foxhole to hide newsy things in.
Meanwhile, back at the war: “Bridge over troubled waters” plays as we read Critical situation in Kherson: The Ukrainians secured the bridgehead – They erect 100 pontoon bridges for the 93rd M/C & mercenary forces!. Playing bridge?
Should democrats be allowed to be judges? Federal judge strikes down Kentucky’s ban on sex-reassignment surgeries, cross-sex hormone therapies. Merits of the case or an Obama era agenda continues?
Seen the political “high ground” around anywhere? RFK Jr. Says Will Not Attack Political Opponents Personally: ‘Proud That President Trump Likes Me’. I think it was reader Ray who offered that an RFK-Trump ticket would be hard to ignore…yep.
ATR: Holiday Plans
Son G2 will be riding around on a medic unit through Sunday. Count your fingers today and count them next Wednesday, I think is what he told me.
Wal-Mart locally is “Out of Stock” on prime rib. Fortunately, we have a frozen back-up plan.
One thing I’ve done in the past, though is buy half a dozen of the leanest rib steaks I can find then tie them up with butcher string. Pseudo-roast for the pseudo-writer, anyone?
Notwithstanding Joy of Eating, my diet has lowered me to 210 pounds now. Not quite two months into it from 226.5. At 8 pounds per month, I should completely disappear in 2.19 years… 3-years from now I may apply for helium balloon status. (“Psych meds!!! Stat!!!”)
Drop by for ShopTalk Sunday. (If you ask, “What day?” I will have to slap you.) A somewhat lengthy article on the ATS-25 series shortwave radio as a prepper tool. Most of the article is about frequency lists to have one hand and going over the “What ‘chu looking for?” question.
A self-administered haircut is planned after brekkers today. Seasonally, scalping down to nearly bald allows more top-side heat dissipation. You knew something like 40-percent of body heat exits from the noggin?
Ham radio front: Going to pipe audio from the ATS into my sound card and see if/how digital modes work with FL-digi.
May get to the display issue on one of the Icom 761s today, tomorrow, the next day, or the one after that, or… (*Can’t rush into these things!) We don’t move so fast in the heat down this way. Though under 100 on the mercury for the next 10-=out but the feels like runs upwards of 108 and sticky with thunderstorms next week. Notice how many people are moving over to talking about “Feels like” temps? Woke meteorology disease. Just another move from apples to oranges, friend. No mental acuity in sight, in hyper-monetized ‘Merica where soon we will have a bigger gender and ESG industry than librarians!
[I wish I wasn’t kidding: 138,000 librarians versus 198,811 therapistsand over 81,000 psychologists practicing in the US, but no stats yet one who’s doing who…ESG job growth is >50 p[ercent per year. <5,000 listings on Indeed.com for openings!!! Monetization!!!]
Write when one of us gets rich,