Many Data Points
Let’s go back to what we told our Peoplenomics.com subscribers Wednesday morning:
“Options Week Slaughter?”
Dow Futures already down 310. On top of the Wednesday decline. (I’ll try not to pull my shoulder patting myself on the back, lol.)
With markets up 7% (in our Aggregated view – +225% annualized) we were hardly surprised to see the foundations of finance rocking this morning.
Driving? Expected unemployment filings of 825,000 were blown out and reports that CV-19 is rising quickly now in Europe weigh.
Data 1: Unemployment Filings
Came in a bit higher than the office pool was projecting:
“In the week ending October 10, the advance figure for seasonally adjusted initial claims was 898,000, an increase of 53,000 from the previous week’s revised level. The previous week’s level was revised up by 5,000 from 840,000 to 845,000. The 4-week moving average was 866,250, an increase of 8,000 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 857,000 to 858,250.”
Data 2: Import Prices
Cue up “Money for Nothing” on the left turntable as we read:
“Prices for U.S. imports increased 0.3 percent in September, the U.S. Bureau of Labor Statistics reported today, following advances of 1.0 percent in August, 1.2 percent in July, and 1.3 percent in June. In September, rising prices for nonfuel imports more than offset lower fuel prices. U.S. export prices increased 0.6 percent in September, after advancing 0.5 percent the previous month. “
Eventually, some of these “foreign owners of America” are going to come looking for us to “make good.” (Or, tell ’em you know Hunter’s “…guy…”)
Data 3: Fed Reports
Philly Fed and New York Fed activity monitors both popped out in the past few minutes (of our 8 AM Central click time), NY Fed first:
“Business activity expanded modestly in New York State, according to firms responding to the October 2020 Empire State Manufacturing Survey. The headline general business conditions index fell seven points to 10.5, pointing to a slower pace of growth than in September. New orders and shipments continued to increase, while unfilled orders continued to decline. Inventories moved lower, and delivery times were little changed. Manufacturers reported a small increase in employment, and a significantly longer average workweek. Input prices increased at about the same pace as last month, and selling prices continued to increase slightly.”
And from the Philly Fed an upbeat Business Outlook:
The diffusion index for current activity increased 17 points to 32.3 in October, its fifth consecutive positive reading after reaching long-term lows in April and May (see Chart 1). The percentage of firms reporting increases this month (47 percent) exceeded the percentage reporting decreases (15 percent). The index for new orders rose 17 points to a reading of 42.6. Nearly 55 percent of the firms reported increases in new orders this month, compared with 42 percent last month. The current shipments index also increased 10 points to 46.5 in October.
Will it all help Trump? Nope. Why do you think that is? Wel…
Watch the Social Media Coup
We have warned of the dangers of social media for a long time. Now, in what appears to us as a blatant election-rigging effort, both Facebook and Twitter announced plans to censor posts related to the NY Post’s blockbuster stories about presidential wannabe Joe Biden’s son Hunter’s involvement in BOTH Ukraine and China.
From the Beginning…
As if was bad enough for Biden yesterday: The NY Post broke a front page story about how a hard drive on a computer – left at a shop in Gotham for repairs months ago – turned out to be a treasure trove of information about deeds allegedly committed by Joe Biden’s son Hunter. The original post article is titled “Smoking-gun email reveals how Hunter Biden introduced Ukrainian businessman to VP dad.”
Then it got worse for Joe this morning as the Post tabled another block-buster claiming “Emails reveal how Hunter Biden tried to cash in big on behalf of family with Chinese firm.”
The Shitstorm to Come
Here’s where the real crap could hit the fan. Looks to republican wigs like Twitter and Facebook rolled into “save Joe and Kam mode“ by censoring user accounts that covered or commented on the Post‘s blockbuster.
Not only did Twitter reportedly limit the sharing of the damning Joegate email story and pictures, but in addition Facebook throttled pending review by “fact-checkers.”
We scratch our heads a bit at the censorship. Although, Jack Dorsey is a democrat. At least we infer this from his list of political campaign contributions on the OpenSecrets campaign disclosure website. He was historically 100% straight democrat in his reporting. Sadly, OpenSecrets isn’t real-time. So we won’t be able to see how Dorsey (or others like Facebook’s Mark Zuckerberg) “contributed” until well after the election. (Though possibly before results, lol.)
Social(ist) media has really screwed the pooch, as Ure calls it. (There goes my “social credit score, huh?)
We can, I believe, reasonably anticipate that with their in-depth knowledge of billions of user political preferences, we will shortly learn that a certain political party (big among libs, hint-hint) likely ran oodles of targeted get out and vote early for Joe campaigns. Social is the new radio, the new television, too, right?
When allegations were made against Donald Trump, was there any such censorship? Hell no. Dossier was greenlighted by the left.
Attempted, perhaps. It’s important – as a voter – that you understand the principles the F.C.C. embodied in what were long-ago “equal time” requirements. Those were put in place specifically to prevent Networks from hijacking elections.
With no such governance – beyond investor returns, platitudes for lawmakers, and the P&L – social media has no obligation to either be – act, or market services – fairly.
Remember that UrbanSurvival is one of the few stand-alone websites left. We specifically boycott social-media crooked business model. Potentially costing us tens of thousands of dollars in lost revenue.
Social media – and co-conspiring search firms that bury Hunter Biden stories – can (and indeed may be about to) take down freedom in America.
You Need to Boycott Social Media
We have said it before – and we’ll repeat it again: There’s a Digital Uprising underway and it leads directly to Digital Mob Rule. It powers those “peaceful protesters” of ISIS and Antifa alike. It’s after your freedoms.
Voters have absolutely no reason to trust social media that support undisclosed agendas. This latest affront – social censorship – is a rerun of past censoring. Climate skeptics as a group were “fact checked” out of prominence through contextual manipulation. Now, we’re seeing the Social Media effectively rigging critical election information.
This is a “clear and present danger” to Democracy itself. We believe social media should be disbanded. Because in their business model, all they simply monetize (stealing) the creative content of the public and monetizing it for their own gain. Even great videos – a penny or two on the dollar. Yet that content makes billionaires.
Yeah. They own the framework. AS a social user, YOU provide them free content.
You’re a sucker if you use social. And you’re a patriot if you don’t.
We toss Social Media in the same dumpster with gambling: A tax on stupid people. Media that only “matters” because they proclaim it to be so. Suckas.
(Here’s to Ned Ludd.)
In Ure Shorts
U.S. Gun Sales Soar Amid Pandemic, Social Unrest, Election Fears. They missed blowing out the election with phones, but yeah, there’s a list to start with.
The Regular Fix. That’s how we see (Clinton-endorsing) USA Today’s “Fact check: Gas prices spiked in ’12; posts on high fuel costs if Biden wins lack context.” Catch it? This is how left-wing media rolls now: Ignore the facts and judge context instead if they don’t like the story. FMTT. It’s all SO in Ure’s face.
Must be quiet in San Francisco today. Since a local media outfit is rewriting a forest fire from 1910 in “How the ‘Big Blowup’ destroyed the West and changed America forever.” Frankly, good read, though.
Historical content even older can be found on Forbes which suggests you Watch: Egyptian Coffin Opened For First Time In 2,600 Years To Reveal Perfectly Preserved, Colorful Mummy. OK for mummy…where’s daddy?
Even if you haven’t read my book on living two lives – one while awake, the other while asleep in the Dream Realms – I have some of the oddest adventures overnight. The book’s Psychocartography, by the way; book link up top.
There I was in a dream. I’d pulled into a gas station that was closed on Wednesdays, but opened up Thursday super early – like a minute after midnight. The attendant, a portly woman, motioned me ahead to the third pump.
While I was filling the car, a woman showed up and said she needed a ride to her apartment. And she wanted me to give her a lift next Thursday, as well.
Now comes the odd part: While I was driving to this ground floor apartment, in the right lane is a car very similar to my old Porsche 930. The odd part? (It was red – the only acceptable color being Guards Red): the badging didn’t say Porsche on the rear deck. It read:
W E C H L E R
Back on point, dropped off the woman who needed a lift…and promptly woke up.
Immediately headed for the Google Translate tools, post haste!
Changer? If someone would please tell me how this works, I’d sure appreciate a few hints. Feels like woo-woo, though. Wechler has the same letter count, as Porsche, too…Universe must enjoy playing graceful linguistic jokes on silly old George, huh?
Write when you get rich,