We’re working in the wrong business – that is, if you happen to work in the private sector, like I do.
That’s because in the FedGov, employees get 10 holidays per year. Those of us schmoes in the private sector are lucky to get five. And this is before federal employees count “compensatory time” – which is what racks up when working beyond an 8-hour day in most agencies, and so on.
Yeah…private sector…I know: “Comp time? Whatzzat?”
Not to bring up a sore spot so early, but it’s the calendar we need to talk about this morning. That’s because two weeks from Friday, Labor Day Weekend will begin. Lots of people will tack on a saved “personal day” or whatever (BTW: has the FedGov started offering gender counseling days yet? I’m waiting…) and turn it into a four or five day deal.
We watch our readership go through a usual shift ahead of major holidays. It normally goes something like this:
- 10-Days before the holiday: Markets firm and rally.
- 7-Days before the holiday: Markets may peak a day or three either side of this.
- 3-Days before the holiday: UrbanSurvival readership tanks as people work half-days in order to make potato salad, get the BBQ ready which means a spare tank of propane and that’s a trip to the gas-dispensary.
- 2-Days before the holiday: No readers are left. Everyone is taking off early in order to pick up beer or hit the liquor store. Quantities vary by presidential polls.
- 1-Day before the holiday: Markets decline since there is no one around to sell anything to.
All of which makes some semblance of sense….and we may be able to add one more expectation to this:
- 11-12 Days Before Holiday: Market decline so traders can make an “easy score” for August and sell just ahead of the holiday.
Which about gets us to this morning.
Ure’s truly is in a tiny long position in the techs. He still expects the pre-holiday rally will be along.
And one more expectation:
We could see the holiday as an ideal time for the Russians to take back some territory from Ukraine, which if you remember was taken over in a US State Department-backed coup just five months before scheduled elections because people in Ukraine dared question being hornswoggled into the Ure-a-pee’in Union.
Which short-changed the Russians who are now tossing resource into the next-door Crimea, and no doubt, Vlad Putin has worked out the calculus of US Presidential Politicking as he is rallying the locals (and troops) in Crimea.
One thing Putin has to be wondering is “If Obama won’t even fly over Louisiana, will he send John Kerry or Joe Biden to Ukraine? In other words, will anyone answer the phone on a US holiday weekend?”
The dance continues, of course.
But several things come to light: Ukraine is another “When Hil was at State” that could easily hit the rocks. It’s not her only screw-up. Go read “Why Hillary’s neocon foreign Police will make the problem of Islamophobia Worse…” which is interesting. Especially on top of what President Useless has been dumping here from wherever.
Wherever, by the by, especially includes El Salvador from which illegals are piling into the victimized southern tier states.
Besides being embroiled in an internal narco-war (and hearing about how easy it is to sneak in here), the El Salvadoran ex-president has blow out for parts unknown as a corruption probe goes looking for him.
But in terms of accountability for leaking borders? No accountability for Hillary OR Obama on this. The reason is gracefully summed up in the NY Post this morning in a Michael Goodwin column: “American journalism is collapsing before our eyes…” This is precisely the point I was getting to in our Sunday Schooling report (“The Mush-head American’s Prez Primer “) on how hit pieces are all over the place.
Not that it matters, since there is not a single headline this morning that is worthy of water-cooler talk, except how Hillary is trying to pin her email crimes on Former Sec. State Colin Powell which won’t play well with the black community.
And the community at large as we’re having to read (in the foreign press) about how Hil aid Huma Abedin was working as ASSISTANT EDITOR at her mother’s radical Muslim journal when it blamed America for 9/11.
Yes, Huma’s Hil’s aide who married disgraced former congressoid and sexter Anthony Weiner.
In fairness to Hil, I think I understand why she and Huma might work well together. Huma and Anthony hitched up in 2009 which was before his 2011 sexting scandal. So perhaps Huma and Hil share a kind of “Sisterhood of the very, very Bad-Dog Hubbies” but that’d only be speculation (OK, with a few facts tossed in) on my part. But we do seek to comprehend how stuff works and this kind of framework explains much. Not Hil’s single-payer healthcare…or looser borders…but at least some of the working relationship stuff.
I swear if there is alien life out there – and if they are getting their jollies by watching the shit roll up on Ant Colony Earth – they have gone totally off-the-hook with the crap rolling around the upper social/powersphere of this rock.
You probably figured this out for yourself..except for the market roll through it. And THAT is why we really need a Holiday…and pretty damn quick.
Because no one is sure how much more pointless, stupid, and polarizing the headlines could possibily become.
Except, I think there’s a fair chance that we could be about to find out.
I got this great quip about “Keep a stiff upper acquisition…” but it would be a play on Pzizzies. Viagra product and you’re not going to follow…we on we press…
Screwing with Social Security
All this BS with Obamacare – and yes, rates are going through the roof – a fact pushed back until after the Election/Transaction goes through so you won’t vote out the democans – go read the CNBC piece on how average Social Security will go down about $30 bucks a person per month (around $300 annually). The key quote:
“The latest report from the Medicare Board of Trustees is calling for Medicare Part premiums to inflate by 22.3 percent, increasing the Part B premium to $149 per month from $121.80 per month in 2016.”
Meantime, it’s an article of faith around here that the FedGov will jigger the Cost of Living – which is not experientially-based in case you haven’t noticed – in order not to give up more than a nickel, or so.
Fact is Obamacare is coming to get you. And in 2017 it is going to show up, turn you upside down and shake out whatever is left in your wallet.
All the while, things like paying down a credit card a bit will be counted as “personal savings” so as to keep the Big Lie going.
In point of fact, most people I know can’t tell a damn bit of difference between life under Obama and the dems for 8-years, any more than we could after 8-years of Buch, any more than we could after 8-years of Dick Clinton.
WTF are we working for? Sure as shit ain’t time off or more walk-around money, is it?
The Weak Ahead
Futures are down about 50 on the Dow but the big story this morning is that silver is down under $19 and this goes along with me telling you that betting on gold and silver as inflation hedges may be way early.
We still need to get down to the bottom of the Second Depression and we might not even see the market PEAK until next Spring and then collapse after that.
(Our Peoplenomics.com subscribers know this is the week of February 14, 1929 if they have been paying attention to the replay scenarios… so we have some running room to the market high.)
Which leaves us with a Chicago Fed National Activity Report to digest:
Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.27 in July from +0.05 in June. Three of the four broad categories of indicators that make up the index increased from June, and three of the four categories made positive contributions to the index in July.
Richmond Fed Manufacturing Index tomorrow. Durable Goods Thursday and GDP and Corporate Profits on Friday.
This last is more than a little troubling: Corporate profits have not been doing so well the past four quarters and this one coming up is likely to be a kind of Friday morning turd, as well.
The reasons? Oh God, do you have time?
1.No manufacturing in the USA.
2.No tariffs on foreign goods dumping.
3.No plan to fix anything.
4.Bigger sell out to come in TPP/TPA et al.
5.Weaker US Dollar because of mass printing to cover-up the national debt problem.. .
6.And on and on…
A colleague of mine sent me a chart this weekend of interest rates globally. Shows the US is one of the few places without negative rates.
But you don’t see the rest of it: Canada’s prime minster has signed Canada’s bail-in legislation – which you may remember from April.
Of course you knew bail-in laws took effect in Europe at the beginning of the year, as well.
When you get some time, and want to understand the how and why of how it will happen in ‘Merica – but not till after the elections, of course – go read the NY Fed piece here that has been kicking around since 2014.
The Globalists are almost ready to make their run at taking over the world. You have – at best – maybe one year left to get seriously ready.
Lawmakers don’t pass laws without a point.
Your life savings is the whole point and if you don’t get that yet, you might as well call in sick and use up your sick time while you can still get it.