As usual around here, the first order of business any day is making the weekly list of things to do, what to watch-for in the markets, and figuring where the next “out of left field” events will be coming from.
Since I make no apologies for capitalism, we can begin with markets which are set to rally more than 200 points on the Dow Jones at the open.
One way to read this is that it’s a relief rally. After all, no further accusers have come forward — yet. My money is still on the anti-Kav’s being able to flush out at least one more. But, due to press dynamics we expect that the next shocking claims would be along about Thursday. This would be close-enough to a possible full senate vote that the demagogues would claim again how terribly important it is for questionable accusations to delay things until the mid-term election which is just a month off.
Meantime, what the MSM is not going all gah-gah about is the female prosecutor who was asking the questions at the Judiciary committee hearing.
The Rachel Mitchell finding is on the Washington Post site over here, but the key phrase in her bottom line was “…I do not think a reasonable prosecutor would bring this case…”
Fortunately, for the Demagogue Party the opposition in The Jellyfish Party remains spineless and frankly, blowing in the left-wing political wind. This may not be a kind thing to say, but I expect that if there were non-majority party pawns up for (controlled) elections next month, they’d do very well. The two “parties” we have are totally fox-uniformed, unable to handle a budget and leaving us all servants to the One Percenters at the top. Some things never change, huh?
So, we have that (new “shocking!”) disclosures penciled in for Wednesday or Thursday – just long enough before a vote that it will provide cover for all the Flakes assembled.
<Meantime, it may never end as Fox reports “Dems threaten more Kavanaugh probes, even if confirmed; Comey blasts FBI investigation deadline.” Isn’t a soap a little cheaper to produce than this channel-filler the Kav has become??>
All that vitriol aside, there are some other reasons for the market to rally like hell early this week. For one, the September employment performance will be scored. The ADP employment guesstimate will be out Wednesday, so expect the Job Cuts from Challenger Thursday ahead of the actuals from BLS Friday.
The month-on-month has been doing OK for Trump…
One thing Trump can take credit for is the greater consistency in the monthly change. Still, the leery investor (chickens with a tie) will zoom-in on the manufacturing employment to see if the recent improvement holds.
The strategic problem is last month was a negative and absent any big reversal to the upside, the domestic manufacturing data may be just a blip; perhaps driven by the repatriation of so much offshore corporate cash due to the Tax Reform bonus, which by our reckoning, may have about run its course.
Unless you’re a hedge fund (and not really “talking your book…”) BlackRock co-founder sees U.S. stock rally continuing beyond 2019. Let me see…“This time it’s different” perhaps?
If the job numbers for September are going to be a shade weaker than expected, we would anticipate today and tomorrow could be “buy the rumor” days for stocks. Then the three days of ADP, Challenger, and official numbers could be “sell the news.” But, that’s just a dart, two cups of coffee into it. We don’t know what the Demagogues latest casting call has turned up…
Off in the background, oil prices have remained firm as OPEC oil output boost in September limited by Iran losses: Reuters survey. And, if the Fed is really serious another another rate hike before the end of the year, the present flattened spreads bet5ween close in rates (like the 2-year) and the long-term rates (like the 30-year Treasury) have people on the fixed-income side biting their nails. Who’d buy a recent-vintage bond if the Fed is pushing on inflation so hard?
Of course, it’s not working out all that well. Since, as any fool can see (that’s me, lol), the prices of precious metals like gold and silver hasn’t gone up much.
Necessiflation
What we’re more likely seeing (when we take off the glasses, kick-back, and think things through) is the end of the old inflation – deflation model of how the economy works.
Computational horsepower has made it possible to break inflation and deflation into a zillion incomprehensibly large number of “moving parts..” When I was in school, the macro econ was pretty easy: You had Labor, Material Costs, and a handful of formulas.
Problem is, today such generalizations don’t work due to over-computerization. Runaway complexity means we can calculate Labor costs on an hourly basis. “Zeus, run me the equivalent hourly wage rate for female versus male baristas in Seattle with blonde hair and within a 6.3 mile radius of Starbucks down on South Utah Avenue…”
(Historical note: No one in Seattle remembers that whole part of Seattle was built on fill dredged up from the Duwamish River and that it was all rail yards for the longest time. Utah Avenue was likely named for the trains that came in from Utah to refill the old-style rail sidings that, in turn, filled the (pre UPS and FedEx) distribution warehouses in the district…. but I digress…)
Which means the bottom line of Necessiflation is that if something is necessary, it will get more expensive. If not, it will be getting cheaper.
Put another way, Macro-Economics has evolved to such a drill-down level that it’s Compunomics and Microeconomics is now Nanonomics…
Let’s take Elon Musk, for example. Once upon a time, a CEO would focus on making a company work. Now? Let’s all make-up a company that will power homes with stored electricity, let’s make cars, and oh yeah…how about we go to the Moon, while we’re at lit.
It doesn’t mean Musk is nuts (genius may appear so). It just means in today’s world, if you own a paper company, there’s no inconsistency with opening a bakery, as well.
Speaking of whom: “Musk Made to Pay for SEC Delay; Shares Jump on Settlement.” Musk is also no longer chairman, so maybe I should dust-off my resume…
Before he goes to the Moon, maybe Elon needs to scan Electric cars cast growing shadow on profits.
Meanwhile, musical chairs is a money-maker as GE’s Flannery steps down as CEO, shares jump 15 percent.
Tips and Quips
NAFTA Deal done? Trump to hold news conference on new NAFTA deal on Monday morning.
Hate White Male government spreads as “California has a new law: No more all-male boards/” Sexual profiling, anyone? Would 2 straights, 2 trans, and 3 days work? LOL, we have passed over into insanity… Sexual discrimination, I tell yah…. (where’s my meds?)
Firewall California? “California Has Enacted the Country’s Toughest Law to Protect Net Neutrality.”
Hypnotized apes on phones dept: Selfie nearly turns deadly after man falls into Potomac River, rescued by witnesses.
All in all, a quiet week.
My New Book is Out
Paperback should be done by Friday…
Thanks to Chris McCleary (www.nationaldreamcenter.com) who continues proofreading. If you see a typo (from me???lol) Send it along and I will update the ebook as we go.
Friendly reviews on Amazon are appreciated. And if you’re wondering what the book is about:
1. This Book in One Page
People live one life when “awake.” This is called “normal.” A few of us live, a very robust second life when we go to sleep. Amazing adventures await!
We inhabit the Dream Realms. There, we learn, fly, walk on water, and live incredible miracles first-hand. We catch glimpses of the future, communicate with those beyond “The Veil,” and process-away the millions of broken thought-fragments left-over from waking-state activities.
With a bit of effort, you can learn to bring treasures from The Dream Realms over to this, the “waking-state.”
This is NOT magic. This is NOT religion. Nor psychology of the old Schule. It’s WAY cooler. Not bounded by limits; it’s a liberating to exist beyond “death and taxes.”
You may choose to live a single-state life. Or, claim a Second Life. It’s like joining Peter and Tinkerbelle in Wonderland every night. Full UHD and tactile experience.
Sound spooky? Fear not. This is a journey to Claim Your Power as an understudy of the Creator. Ready?
Sound overwhelming? It is. Your mere inquiry, though, has planted a seed. Freed, your Dreams will grow. You will grow into them by visiting The Realms. And returning.
OK, have a great Monday…time to head for the breakfast table and tell the pigs, Ure’s about to get linked-in at breakfast…
Moron the ‘morrow…
Cool advert for saltwater powered car. https://www.youtube.com/watch?v=PkFBq4Scj_s
I fail to see how the California law about girls on corporate boards is legal! Is there a corresponding proviso that a certain number of men must be on boards too? Does identifying as female count? What about the constantly advertised “female owned” companies, like the one that designed the ghastly overweight footbridge that collapsed in Florida?
I like women, and I’m generally not racist either, but when certain “preference” groups get special treatment, it does engender a subtle hatred and disgust for those who get preferences. After all, if they can’t win on a level playing field, they’re not winners. It’s like letting children win.
If those who get preferences want to be respected as peers, they need to demand the end of preferences!
I 2nd Ure emotion, NM Mike! This all goes back to the ‘everyone wins’ philosophy introduced into our elementary school curriculum back in the 80s but the fruits and nuts growing on the Left Coast. While kinder and gentler, this approach quite literally breeds out competition and the zeal for being the best you can be as an individual or as a team. Oh, sure, we can all theoretically still reach our best potential without awarding trophies or winning elections, but unfortunately that is not how 1 million plus years of human evolution have genetically structured out social and personal reward system. Losing, properly handled, can motivate one to win, albeit in new areas where one’s talents might prove stronger. Winning highlights being the best at something which our society values – horse riding and archery for the Mongols, seal hunting and fishing for the Inuit, running for Ugandan tribesmen. If we value/reward nothing, then what exactly do we cherish and what are our goals for the future of humankind?
Some people have claimed this is fake news, but it seems far too reasonable for that:
https://babylonbee.com/news/senate-to-be-replaced-with-room-full-of-monkeys-throwing-feces
It’s been some time since you mentioned your lonely old singleton gold coin.
How’s he doing? Has he taken a Significant Other? Has he reproduced? Have some of his relatives moved out?
…just wonderin’.
(I have one as well. Just the one…)
George, Kavanaugh’s is a job interview, not a criminal trial. There are plenty of pro-business, non-binge drinking, non-lying judges out there that we don’t have to rig the FBI investigations to get through.
Been reading you daily for at least 10 years now, and it seems to me that the national debt is still your most passionate issue. Me too, actually. I still can’t fathom why you virtually sat silent on the tax cuts, adding $2.0 trillion to the national debt. And now the Libtards in California are defending YOUR net neutrality.
Seems to me that on your biggest issues, you’re actually a libtard. Best, Mike
Mike,
The Repubs have themselves in a pickle. They are stuck with Kav, more or less, at this point. I think they are afraid they might (20% chance?) lose the senate, so they are rushing to get this done. In the process of forcing this through, they will likely drive up theirs chances of losing the senate. A smarter play, if you’re a partisan, would probably be to let an investigation run right through the midterm, and give lip service to how you want a fair process… you’ll likely take some steam out of your opponents. If you lose the senate anyway, then you can force it through before the new senators are seated. If you keep the senate, you’ve got plenty of time to dump Kav for another ideolog, or let the investigation support him and push then….
With tongue in cheek and a wry smile I note that 50 years ago in 1968 a technology company (ITT) purchased a paper company (Rayonier) and a baking company (Continental). Deja vu. Only this time I don’t see it as a trend toward conglomerates as it was 50 years ago.
So, you’re saying it’s a “day old” idea?
George
“This is a journey to Claim Your Power as an understudy of the Creator.”
Perhaps I’m not the only one who believes that repeated Lives are training for a soul to one day become a God like being and run a Universe!
But then again my friends and relatives thinks I’m crazy. Maybe crazy like a Fox!!
You’re not crazy and what you stated is close to what I believe after 66 years on the planet and an NDE experience. Check out “The Monroe Institute”.
Yes Sir. I did the Monroe Meditation training back in 2007.It was held at the Institute of Noetic Sciences in Petaluma Ca. They use a very interesting method involving sound called Hemisync. It works. They also sell do it at home material for those who can’t attend their classes.
Hey Rocket Mike: What you describe is similar to and uniquely outlined in a book called Oahspe. It took me many years to finally complete my reading of this unique book and I have to say it is profound as it has the ability to change one’s big-picture thoughts of religion(s), the universe, and our divine purpose.
That whole event with Jeff Flake being confronted by two victims of sexual assault on an elevator, in a supposedly secured environment, then the quick nod by Grassley giving Flake the floor for his infamous requirement for an FBI investigation, seemed contrived to me…I’m not sure who’s on what team anymore.
PS – If an allegation is all it takes to destroy a person, and that is allowed to supercede innocent until found guilty, all men are targets and eventually all people will be. Bad precedent being sown. Really bad.
George – can you weaponize your lucid dreaming? Seem to remember Robert A. Monroe of Monroe Inst. being able to manipulate the physical world via OTB journeys.Or better yet, weaponized for spiritual warfare!Keep waking at 3:30 due to “archonic” activities? No problem..lucid dream up a nasty laser weapon, and go slice up some demons on the other side when next you go for a snooze.
Did not run for exits this AM, instead am slowly adding to Put positions..Index Puts, Individual Puts on Social Media Stocks and Stop Losses, and Loong dated(2020) call options for precious metal miners. Remember always..Bulls and Bears go to Market,Pigs get Slaughtered,specially if they are Short Oil. BTFD – Litecoin!
Random Thought on this article, George:
https://wattsupwiththat.com/2018/09/28/nasa-the-chill-of-solar-minimum-is-being-felt-in-our-atmosphere-cooling-trend-seen/
Hallo Goergie Boy!
Same thing happened when we were told in the 80’s
No more Sex. Aids is bad so stop it.
2 cents..
Please do not forget–there are way too many people on this globe, already. Perhaps we should outlaw SEX 1-2 generations? ;-(
Eventual it will come to it and solve a lot of issues current.
Earth is overpopulated, but only if you buy the fictitious theory that we have reached the limits of productivity. There would be no hunger today if the multi-national scientific-agricultural complex hadn’t cornered the market. Why? Profits, profits, profits! There’s gold in them thar seeds. Control seeds (and weed control) and you control the means of production. That’s why buy local/sell local or raise your own food makes more and more sense, then trade/barter/sell what you don’t need. How do you think the Amish have survived for centuries?
Richard, It’s never a question of hunger, rather of GARBAGE!! Also, it should have read “mutual SEX.”