What We Said About Currency
Early Futures on a ‘do-nothing’ Monday gave us an ideal example of how to discern whether Forex (foreign exchange/currency trading) was in the ‘drivers seat’ or whethere value mattered any more.
The answer is not particularly encouraging.
We noted on the Euro to Dollar chart from Kitco that the dollar earlier would buy as much as .854 Euro. However, as the futures readied to open the Dollar’s overseas purchasing power had dropped to .840 Euro.
Too early for math? We have you covered.
The purchasing power of the dollar was down this morning: (.840/.8540=) .9836. Sliding the decimal (to change into percent) says the dollar only had 98.36% of its purchasing power when we looked earlier.
Hold that thought.
Now we look up the closing S&P Friday: 3,483.81.
Finally, we divide the S&P by the dollar drop in purchasing power and we find the “new dollarized S&P price” ought to be around 3,541.89.
As soon as I worked out these numbers, the exchange rate moved around a bit more and it pointed (usuing this logic string) toward an S&P open around 3,500.
With the exception of an appearance by Jerome Powell (Fed Boss, right?) the world is still here. Though the Insanity continues.
It’s a good week to take off. Maybe come back and eye the markets in 13 trading days when the Election madness breaks…
Left-Field Event Watch
We continue to expect the Election will reveal itself in a few months to have been a “Buy the Rumor, Sell the News” event. Of epic proportions.
The only thing to prevent democrats from seizing control of all three branches of government (White House, Congress, and Court – which will be stacked) would be a massive Left Field event. Grand Jury indicting Joe Biden’s son, or actual results from the Grand Jury investigating national corruption.
Dems have steadfastly ignored the Hunter Biden computer story. And the left-controlled media coreography this morning repeats the same shrill heard in “New York Post published Hunter Biden report amid newsroom doubts” and in “Hunter Biden: The anatomy of the New York Post’s dubious story.”
Yet, at the same time, across the aisle (a term we expect to rise to prominence shortly), the juxtaposition is clear in the Post’s report today “Trump says info found on Hunter Biden’s laptop is the ‘real deal’.”
While republicans press the FBI “Sen. Ron Johnson presses Wray on validity of Hunter Biden laptop claim’– we are more interested in the potential for a Tech Industry Coup as a route to Global Government. We expect either Teflon Tech (where the hearing late this week on social media election influencing will be probed), or a major Left Field Event (something like massive terrorism) to shock and awe the public while cauterizing the LeftTechCoup.
Almost sounds like fiction, and not particularly good at that. But in the clear light of Monday, the rolling insanity on all sides is clearly in focus.
Keyword Directed Life
After 16-hours working on this-here website Sunday, Ure is in no mood to put up with the usual flow of “interesting but ultimately useless” that is pawned off as news. The number of “news stories” revealing the mechanisms of Life (like the influence of currency trading on domestic stock pricing) are few and far between.
Instead, today’s media gruel consists of?
- Anti-5G saboteurs raise alarm across Europe. We will cover the actual dangers (vs. imagined) in an upcoming Peoplenomics report. It’s a situation with aspects of radio energy ‘kryptonite’ on the one hand with anti-progress Luddites on the other.
- The hopium in the dopium continues despite our warning there would be “no additional money in the bank” from any stimulus until after you pulled the levers. Sure enough Deadline looms for stimulus deal before Election Day with key differences unresolved. At least try to act surprised, would you?
- And, as we have shown in several charts, this may not-yet be Wave 2 of CV-19. Despite stories claiming “As global infections pass 40 million, the COVID-19 fight goes local” and this gives me a chance to offer a free lecture called?
Covid Data School
This will – conveniently – fit into a data chapter in the latest book I’m writing (Peoplenomics: the Book). I think you’ll find it useful.
Let’s take this morning’s Johns Hopkins data view of how Covid has been developing. Notice how wide the data is?
Now let’s squeeze-in the X-axis in order to make the ‘break points’ of the waves become more clear. (Helps to have CorelDraw or a high-end home to commercial graphics program for these kinds of things.) You can do some of this in FrontPage – it’s just not as much fun…
Then we highlight the “steps” to the wave as become more evident. Then toss in some arrows and lines to help you see things like we do:
We could have a long (and OK, boring) discussion about data display minutia based on this. But in the end, I don’t think it matters. Spanish Flu was a couple of years long and we’re just barely 10-months into this sucker.
We also haven’t had our “historical rhyme to aspirin deaths.”
I know…”Say what, Ure?“
Yeah…we don’t know how many of the Spanish Flu deaths were due to the flu and how much was from newly-developed an off-patent aspirin. Matters because aspirin not only reduces temps (so the body can’t ‘burn out’ the disease) but it’s also a potent blood thinner. Take enough and cerebral bleeding and lots of other uglies show up.
The Infectious Disease Society of America article here doesn’t give a specific number of deaths, but anecdotes such as this are fascinating:
“Likewise, the unusual mortality rate among young adults remains unexplained. Salicylate has been suggested [3, 11, 12], and increased mortality rates have been found in ferrets exposed to influenza, aspirin, and an arginine-deficient diet, compared with each alone or in 2 combinations , yet mechanistic and epidemiologic evidence has not been fully explored…”
This is not to propose that arginine deficiency might be something to explore with CV-19. I’m sure someone’s done that…(maybe???).
Rather, it’s to look at history and the mortality rates coincident to the mass marketing of a new pharmaceutical and wonder how much of a “Modern Rhyme” we’re being set-up to sing?
If 50-million deaths (worldwide), turns out to account for the Wave 1, then a 1.6 times that Wave 2 of 80-million deaths would not be out of the question for 2021. And the analog to ‘deaths from aspirin’? I’d put a $3 bet on a vaccine coming out that reveals over time to have negative outcomes. Like aspirin did (when used in excess).
This is not a forecast, of course. Just a simple “We wouldn’t be surprised IF…”
‘Cuz history rhymes for those with i’s2c.
16-hour work days all weekend didn’t leave me in much of a mood to read the usual hog swill media (HSM). Instead, days like this I run pro-actively to search engines. NOMT: news on MY terms.
Anything going on of importance in Palestine, Texas? Nothing since more than 2-weeks back when “City of Palestine to contract with private hunters to curb feral hog pop.” Ever wonder why I don’t go out on the property without my trusty Glock in my Kenai center-of-chest holster? You see, out here, armed is not paranoid. It’s prevention.
How about East Texas in general, then? Nope.
On the Stimulus? As time runs out “Second stimulus check: Pelosi sets 48 hours for pre-election deal, Senate prepares to vote on scaled-down bill.” Both (corporate-owned) parties know we’re sinking into territory where neither party will have time to scream “We got it for you!” before voting.
The public is oh-so Jerry Maguire about such things. [Trivia school: Cuba Gooding, Jr.’s best-ever line. Wasn’t Cruise’s. Gooding played Rod Tidwell opposite Cruise playing Maguire.]
As we roll through the Seven Major Systems of Life, first one is water and chow. Nothing too big here, but Kid Korea’s ‘effed up: Storms, Covid Raise Fear of Worst North Korea Famine Since 1990s.
And drought continues out west (fires) and up in the Northeast. ”
Drought threatens some of Maine farmer’s best fall and winter events.” If maple syrup dries up, we’ll maybe rethink weather change…
Since you already (presumably) are under a roof now, next data will be Housing Starts tomorrow.
Besides Jack Dorsey on censoring the NY Post before a senate panel Friday, growth outlooks are useful: Global Smart Grid Communications Market | Rise in Installation of Smart Energy Meters to Boost Market Growth | Technavio.
Color us skeptical. World’s going to change with Iridium’s LEO cloud and Musk’s LEO plans. This is all so much like all those “set top box” outfits that had grandiose plans 10-20 years back. Along came fiber and they were all pretty-much hosed. WIFI will do that….
There is a marvelous “example” of UrbanSurvival clear-headed thinking in USA Today‘s report. It’s another “Fact check: Electric vehicles emit fewer emissions and are better for the environment.” Notice the label ‘fact check’ aye?
That in itself is not notable. But the part summarizing the story as (and this is important stuff):
“A viral claim that driving an electric car won’t save the planet because of the pollution from the production of batteries is missing context.”
See it? This is how the Digital Mob Rule online is extending its province. By trying to “OWN CONTEXT.”
Something is either a FACT or a LIE. Don’t get hyper-contextualized into useless corporate monetizing bullshit in your thinking.
Run your own numbers: Take something like a Toyota and run out your own 10-year total cost of ownership against a Tesla. Then study up on costs of electricity. And what you’re at it, notice how “biomass” is crook for “clear-cutting and raping the woodlands” too.
Which part of “currency drives today” were you not following? 90 minutes to the open STILL tracking to trade through 3,500 on the S&P today. Momentary euphoria and depression seen as Earnings season is highlighting the uneven playing field in the year of the pandemic.
The Insanity – Generally?
When I see a story like “Woman horrified after discovering boyfriend refuses to use toilet paper” I wonder to myself: “Is everyone stupid – trying to be a freakin VICTIM in this world, or what?”
I’m hoping there IS an “Or what” but no…Digital Mob Rule is here and about to vote-jack the US into Techno Feudalism.
Two Items of Interest
Don’t know if you ever watch Missing 4-1-1. But a 38-year old woman has been found after being missing in a National Park for 12-days.
Interesting part of the story here is that the woman was recovered showing a lot of weight loss and also had bruises all over her body. We have to wonder exactly what happened to her. We will set a tickler to follow up on this – because so many people do go missing in National Parks.
Maybe her reappearance can shed some light on other cases?
Skinwalker Ranch Series
On Amazon Video and pretty damn interesting are the goings-on last year at the renown Skinwalker Ranch in Utah. Lots of science and though repetitious (as such serialized docs tend to be) it’s still damn interesting if you’ve followed the progression of science through the land out there.
500-acres of ranch land under a dimensional rip? Check out the videos and let us know your thoughts.
Comments: I made the text color black on comments – several people didn’t like Ure’s version of arty. (Say, there’s a life-long pattern!).
Let me know if the site seems to load any faster…that’s been the whole point of this computer extravaganza….
Und Zo? It’s Monday a and since you’ve got bills… I was up late doing site work, so leftovers for breakfast and another short non-destructive pillow test seems in order.
Write when you make something besides money, (hint: progress?)