Are We Past “Peak Biden?”
Looking at the early futures today – offers a view – to us – of a market trying to figure whether to “pack up and leave town this week” or wait until the (democrats have been planning for months) Election Chaos.
We figure it will tee-off next Tuesday night, regardless of who’s leading. The hard-core (paid) protesters will be cued to arrive just before the voting ends. Then continue (Portland-style) as the Electoral College meets in December. Even then, however, off to the courts where sours-grapes will be entertained.
We figure it will be much worse on the streets, too, if the socialist darlings don’t get their way. Again, Portland-ish.
The idea was floated over the weekend, that the Hunter Biden (as daddy’s bag boy) story might perhaps torpedo Joe in his last-rush for the finish line. Hard to tell, just yet.
As Hunter Biden messages ‘independently confirmed’ to be authentic, GOP lawmaker says, we keep coming back to the question: What happens if Biden is subpoenaed to testify before he’s confirmed?
No worries, though: Biden followers – who jumped at disinfo charges when it wasn’t against their side are quick to change horses now when the shoes on the other foot. As Biden rips Hunter Biden email leak as ‘smear campaign,’ says Russia trying to spread disinformation. You betcha.
All this, of course, comes in the wake of the series of bombshells that were released by the NY Post as the Hunterbag narrative. The same Post, we add, that has come out endorsing Trump for re-election. We especially enjoyed the phrase:
“A Joe Biden administration would be beholden to a socialist left that sees an opportunity to remake the nation in its vision. One more dependent on government debt.”
Still, this doesn’t help Trump enough, in our view. The race remains extremely tight and the “usual” left-winging media are still putting the bum’s rush on reason. Social media burying it, dems ignoring and making counter accusations. And as seen in the NY Times puffery “Hillary Clinton Says It’s Different This Time.” trying to just get past it all.
Thankfully, there’s a use for such “fish wrap.” While the NY Times shows occasional brilliance in business coverage, but the rest of the paper? Spewing an Hillary op/ed Yi-yi-yi…
We sense CNN trying to get the vote out with their story. Our advice to all? Watch the documentary Uncle Tom before you vote, not after.
Futures Down, CFNAI Released
I don’t think America’s ever had an Election Crash before – but wouldn’t that be one for the books? Futures were dropping and down more than 300 when we looked. That’d be a mess, huh?
With futures sucking wind early, the Chicago Fed National Activity Indicator refused to “endorse Biden.”
Led by some further moderation in the growth of production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.27 in September from +1.11 in August. Three of the four broad categories of indicators used to construct the index made positive contributions in September, but three of the four categories decreased from August. The index’s three-month moving average, CFNAI-MA3, moved down to +1.33 in September from +3.22 in August.
The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.51 in September from +0.71 in August. Fifty of the 85 individual indicators made positive contributions to the CFNAI in September, while 35 made negative contributions. Forty indicators improved from August to September, while 45 indicators deteriorated. Of the indicators that improved, 12 made negative contributions.”
Catch it? One of our favorite weasel-phrases “negative contributions.” In our clear-headed memoments (*not recently, don’t worry!) we thought something was EITHER negative or contributed. But, like beautifully ugly, intelligent democrat, or government intelligence it’s all part of the nuanced fog designed to keep you confused and unable to demand clear-headed articulation of facts… but I digress from the narratrive.
End of the financial world is coming. Since the “Free Lunch” party is showing strongly in the polls. Don’t blame us if next year your lifestyle crashes.
Businessmen not Bag Men is what America needs. A 3D Printer in every pot.
Like most prescriptions, though, the election is “price-fixed” the same way Big Pharma rigs things. “Legally.” America hates taking its medicine and the quacks are on the ballot knowing this is true.
Yes sir…here comes another one, later this week: Zeta is spinning up in waters off Mexico:
We always worry about turns to the West or Northwest, once these storms get north of Cancun. We will have a better idea on tacking about mid-day Wednesday in terms of landfall.
Rest of the country is (variously) in cool-down or burn up mode:.
Will likely be sworn in next month. This, as Senate to confirm Trump’s Supreme Court nominee a week ahead of Election Day.
It’s a given that the Biden-Harris administration will pack the court (adding seats) if they win. And, losing control of the Senate would seal the deal.
Always been the agenda of the leftists: Turn the Courts – once the people’s advocates – back on the people. We figure to see how that’s done in early 2021 with a Biden win.
The stats this morning show global cases at 43,121,924 at click-time. Global deaths are 1,154,746 and of those, U.S. deaths stood at 225,239. And to think people were critical of us Cloroxing everything and relentlessly masking.
Confused, dear? Gloria Steinem: ‘I’ve never seen this much activism in my life’. Say, maybe it’s not “activism” – instead its an extreme mania brought on by over-exposure to phone screen flicker rates…wanna bet?
Monetizing EVERYTHING is a familiar chant around here. Yet another bit of evidence of our wisdom is seen as Fortune reports Menopause is a $600 billion opportunity, report finds. Are the numbers (ahem) padded?
Keep an eye on Raytheon, Lockheed, and Boeing as China ‘To Sanction’ US Firms Over Taiwan Arms Sale. This is because China is moving board pieces in order to take Taiwan back as part of forced “reunification” – they’re just waiting for Joe Biden to take office. (Bigger bags coming, Hunter? Better work out.)
Paris Climate scam weakening. As seen in stories like Japan’s New Leader Sets Ambitious Goal of Carbon Neutrality by 2050 (30 years????). And Xi’s Big Carbon Promise On The Table As China’s Leaders Meet. China’s a bigger polluter (by far) than the U.S. and we were suckers for considering anything OTHER than all in the pool together timing. That’s the difference between a sell-out and a negotiation.
Off to another fun-filled Monday. Two part column tomorrow as we have the regular plus the Housing data to follow.
Write when you get rich,