This isn’t a column – more like a book today. So tomorrow, Charts only on the Subscriber side (Peoplenomics). There’s much that needs to be said. Everyone needs to hear.
Employment Costs and Personal Income are the “hot stories” to begin with, so let’s dispense them, first: 1) Government workers are doing better than you:
“Compensation costs for state and local government workers increased 2.3 percent for the 12-month period ending in December 2020, compared with an increase of 2.9 percent in December 2019. Wages
and salaries increased 1.8 percent for the 12-month period ending in December 2020 and 2.5 percent a year ago. Benefit costs increased 3.1 percent for the 12-month period ending in December 2020. The prior year increase was 3.3 percent.”
We in the working class are still getting the “second fiddle” treatment:
“Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending in December 2020, the U.S. Bureau of Labor Statistics reported today. Wages and salaries
increased 0.9 percent and benefit costs increased 0.6 percent from September 2020.”
Bottom line: Private sector comp was up 2.6% but bennies up only 2.1. While government workers were up 2.3 but bennies…OMG up 3.1%. See how this works? (Take a comp day off to think about it and get back to us…)
The tea leaf to read is how wages are impacting the price of goods production.
We then skip on to the Personal Income story which is a bad joke on anyone not in the top ten percent of income earners:
“Personal income increased $116.6 billion (0.6 percent) in December according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $111.6 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $27.9 billion (0.2 percent).
Real DPI increased 0.2 percent in December and Real PCE decreased 0.6 percent. The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent.
After the Data? Dow futures down 250. But then the happy-talk came in so only down 150… Hype ’em Cowboys!
In the background: “Dow futures extend losses after J&J says vaccine less effective against some Covid variants.” Dying to learn that, right?
A Rally-Spiking Money Spank?
Latest look at the H.6 Money stocks:
Blow Up Cash at more than 60% annualized and you’ve built a hell of a case for one more upside blow-off run... Or, at least not utter collapse until after next week, lol. Well, maybe…
You may be wondering why, with fundamentals either on the rocks (or about to mash them) everywhere, why did the market rally Wednesday? (Besides so I could short the indexes from higher levels?)
Two reasons – one from me, and one posted by Don Bondi: Mine is simple: Dead Cat Bounce. If this is the beginning of a major decline, the first big down day was 1 down. Wednesday was 2 up.
We will wait to see if 2 up will be an a-b-c, or whether it’s “over and done for.” Not that it matters.
The second reason (tips hat to Don Bondi) is that cratering the market this week could really kill 401k statements. Paper over, keep sniffing hopium.
Hard sell off early and then big rally to the close is our morning dart. To keep them 401-k statements friendly and Greater Fools in the game.
Hot Date Roulette
While there remains a case (weakening, though) for a new all-time high between now and the day-after president’s day (Monday, Feb. 15), there’s also a case for a Larger 1 down being in its infancy.
Dates matter and some of the hardest decisions you may ever face will be the one coming this afternoon half an hour before the close. Got the balls to go short over the weekend if there’s a run-up at the close? Or to go long over the weekend if we retest the Tuesday lows? Real test of skill time.
…oughta be along shortly. Lots of moving pieces to this, of course:
One problem is Tech – which as we have hinted – is now the real government of the United States, since if you’re blackballed by Tech, you’re seriously f!cked. Ask Trump.
As “Congress plans hearings after GameStop stock frenzy and Robinhood trading freeze,” we also see that “Robinhood raises $1 billion and taps credit lines to make trading of GameStop available to customers.”
With support from search, Congress in the wings, and big money raised, how can this end in the death of Robinhood trading?
My consigliere and I were kicking this around Thursday and he bottom lined it this way.
“They need to remember where the power is and who makes the rules.”
Death by regulation? Yep. The financial industry owns the playground and we figure the “free trade” mentality stops when it involves Wall St. money and the (should all be illegal) trading of naked options.
“He who sells what isn’t his’n, pays the debt or goes to pris’n.” Fits. Naked options is something we’ve railed against for…what…22-years now. To no effect.
Another Joe Blow
We warned that a Biden administration would likely attempt to unwind the progress made in the Middle East by the Trump administration. Sure enough, we are not surprised now to read that “Biden pledge to reopen PLO mission in Washington faces legal hurdles.”
Bidenista’s (and the Kamunists) don’t seem to understand that if the PLO was a warm, loving, hard-working bunch of people, Egypt would have embraced them and their territory decades ago. If Egypt doesn’t want anything to do with ’em (and they are neighbors) what the hell are we thinking?
What’s that? Not at all! Right.
Stuff & Such
Following the Pied Piper? Bitcoin Soars 15% On Elon Musk Tweet.
More to it: When I saw the headline Airbnb travel report says pandemic is boosting popularity of affordable, nearby vacations, I realized we could “vacation in our guest room” for a change…
Nancy with a side of paranoid? Nancy Pelosi: “The enemy is within” the House of Representatives. Which is aimed at republicans who want to carry. Honestly, Nancy…it’s a Constitutional Right to bear arms, at least until that’s wiped too.
GUN GRABBER ALERT!
Here they come! Constitution be damned.
With the NRA bankruptcy, and pending move to Texas, it concerns us that the Gun-Grabbers (including, I am embarrassed to say, one sponsor in Texas) are demanding registration of ALL firearms. Text of
Gestapo Bill HR 127 is over here. The gun-grabbing (weaseldick plan) is not to prohibit but to REGISTER…and price gun ownership out of everyone’s reach with bullshit like owners would need to…
“(iii) demonstrates that, on issuance of the license, the individual will have in effect an insurance policy issued under subsection (d).
Get this: In order to own a military style weapon (such as:
Woo-Woo: What A.I. [Really] Means
Ever since writing my book (Psychocartography: Mapping the Human Dream) I have been focused on trying to remember all of the details of my “adventures over there – in the Dream Realms.” Not every night, but many, for sure.
A few readers ask, now and then, why I don’t discuss the dream work or woo-woo much. So this morning a whole “short story.” This is an account of just one intensive 6-hour dream (today) and the insights that followed. I think you’ll agree, this is “far out” stuff. On the other hand, some of the ideas coming back are amazing for their clarity and “contexts in conflict” resolutions.
So pour another cup…
Working in the .MIL
As last night’s adventure began, I was working on some sort of military project, designed to improve communications between the dream states of people and their waking-side “mirror personas.”
I’d been working on a kind of “transmitter” which was more like a “channelizer” because it would help open – and keep open more of the time – human’s abilities to be in touch with their ‘higher selves.’
The electronics bench I was working on was devoid of the usual entrapments. Just a large, brown (like tempered Masonite) surface. Around the room were racks of equipment. My job was adjusting the equipment and this was done using your “mind” to tune for “maximum clarity.” A few knobs on the front of the machine, but most of the filters were set by the mind. A few tools and parts on the bench, but very little.
I had just finished the set-up (alignment) of this channelizer, and had stepped into an equipment closet, when I heard a commotion outside in the work area. There, a tall gangling looking guy with slicked-back greased-down hair was yelling at everyone about “the project” and screaming about…well, it was muffled.
In a moment, though, several small parts – the three or four I’d left – sailed through the door and landed on the floor in front of me.
Meet My “Advisor”
There’s usually an “Advisor” with me in my serious dream realm adventures when they involve people and situations beyond Elaine and me. I sensed the presence of my Advisor as soon at the parts landed.
“Who is that sonofabitch and WTF is he throwing my parts around for?” I asked.
“That’s General Twining. Although the military doesn’t control what goes on over here, there are a lot of left-over military types who like to throw their weight around…”
“I’d like to kick his ass. Disrespectful prick.”
[I remembered to make a note to look up whether there was extensive Dream Realm interactions with key people on the Manhattan Project and other events from the previous century. It would take time, but seemed like a good thing to look into.
A short look on waking reveals that a certain general Twining had a key role in what? “General Nathan F. Twining and the Flying Disc Problem of 1947.” Hmm… Which now – writing “over here” in the waking state, is a rather odd bit of [whatever] to bring back.
Problem is Nathan Twining was Air Force – and as he brushed past the equipment closet, the fellow in the dream was in camo, not blues.
The surprise came when I learned that Twining had a brother who was a Marine Corp general. General Merrill B. Twining. It was a hell of an oddity to come up with in a dream, though. Did the UFO work the Air Force General Twining worked on ever get “kicked around” (or more) with his brother Marine General Merrill B. Twining?
More ponderous was the question “What is this stuff coming up in a Dream Realm adventure of a guy who’s trying to be semi-retired in the East Texas Outback?
I didn’t get much time to reflect. My Advisor was telling me something.
“General Twining is going up to meet with the Old Man now. Maybe you should go up there and see if there’s anything you can do to help…”
In a twinkling, I was standing outside the half-open door of The Old Man who was runs the project.
Curiously, none of what they were talking about was clear; it was all muffled-like.
Then I noticed that under a desk was what looked like a loose speaker. Large – about 10-inches in diameter, it was held in the air by four wires and it was sort of flapping.
Not sure how, but I recognized it as a “confuser.” Designed to make sure that conversations in an area would sound “confused” to anyone outside the immediate vicinity. Like infrasound.
Off to a Trade Show
Standing outside the office, an assistant (to the Old Man) was telling me I needed to be at the Science/Trade Show. It would be in a different city and it would be fine to bring Elaine with me.
A twinkle later and I found myself standing at a table in a large – but mostly empty hall. I have a few mechanical parts laid out on the desk in front of me. Understanding that having real waking-world physical parts (even though just a few nuts and bolts) was a very Big Deal over in Dream Realms.
One curiosity: On the wall (it was the north wall of the hall in dream realm coordinates) there was a strongman. All posed up and sweating profusely, trying to get people to come over and see the display he was putting on.
Mind you, it was cool in the hall, so I asked him “Are you sick, or something?” Turns out he wasn’t and it was all part of an act he did. Most strange.
A moment later, a short older man (balding) walked by and stealthily picked up what looked like a binding post (knurled on one end bolt) and tried to walk off with it.
I noticed and confronted him.
He lied about having it, but when I forced his palm open, the part was exposed. Slightly ashamed at his clumsiness, being caught, he returned to my table.
Then again, he tried to swipe a nut from my collection of parts. Again, confronted and now I was threatening to call the police. I don’t like kleptomaniacs.
About here, the tall woman with “big hair” picked up an apple which was on the table. I’d picked it up for Elaine who was off wandering the show. The woman thought I’d been paying attention solely to the parts-grabber. She was a klepto, too.
When I turned, she hid what was about a quarter of an apple by now in her hair.
Well, this was the last straw. Having super powers in the Realms, I escorted both of them outside. We walked a ways – sort of like around the block – while I fiddled with a communications pack on my chest.
After finally making contact (and having police summoned) it was back to the hall which was a half block away at this point.
Cops Not Interested
As I stood with my two captive kleptomaniacs, one of the show attendants came by, just as I noticed a white, black, and yellow police car leaving the parking lot.
“What the hell? Aren’t those the cops I just called to have them arrest these klepto’s?”
“Yeah, the cops told me they weren’t interested in arresting anyone. Don’t do that anymore. They said the matter would be handled by a squad from Adaptive Integrity.”
Took me a moment to “get it.” Who the hell is Adaptive Integrity?
Gently, the voice of my Advisor spoke.
“George, time to go back over to Waking. But I’ll leave the channel open for a while. You may have questions…”
“Good because, yeah, I have a lot of them.”
Back In Bed, Waking, Learning
It was another interesting night in The Realms, for sure.
“Alexa: What time is it?”
I must have laid there for five minutes, or so, playing back every detail I could remember and trying to form a coherent question. Then suddenly, the voice of my Advisor was there.
“Remember the train sets you and your pal The Major had when you were growing up?”
“Sure I do…of course. What does this have to do with my adventures?”
“I’ll explain…try to follow along.
As young boys, you would constantly try to get the locomotive to go around the corner of the train layout opposite the mountain tunnel on two wheels. Not so fast that it would fly off, but well past the safe limits of operation. Remember?”
“Humans are a planted species. My race goes around the Universe, finds a suitable planet, then does a little DNA hacking to speed things along. And we use these “planted planets” and “custom creatures” (like you) to test various evolutionary possibilities.
It’s a kind of interactive, multi-factorial learning system.
We set up a planet with single major incidents of all sorts. Then we combine them to make our students grow.”
Not Quite Clear?
“Huh? Wanna be a little more clear, please?”
“History begins with singular incidents. Tower of Babel, The Plague, Napoleonic Wars, and so on.
We do this mostly – and this is key – as singular events.
Next, we introduce new technologies and run the simulation forward a bit. Mixes it up a bit.”
“Wait…this is all a simulation for a higher intelligence?”
“Well, yes…and no. We’ll get to that in the future. The main thing to understand is that We have arranged and monitored single major historical events. And the simulation is just now getting interesting.
Because we have introduced the technologies so we can observe how you handle a communications disaster, fire no longer working when the grid goes down, ultimate war-making technologies, and all enacted with a slow-motion version of The Plague also running.”
“You gotta me shitting me, right?”
“Not at all.
Interventions to Seed Technology
“As of today, you understand how channelizers are adjusted. Which is why people can be “fed” inspirations that they can’t put into words where they’re coming from. Only now, you see it. When Tesla reported seeing “images” of fantastical machines and devices, it was just him linked via a channelizer.”
“So why are you doing all this?”
“You are our Children. Our goal is gifting humans with knowledge and to bring you to the highest levels of the Simulation so that you may cross-over into our Realms.”
“But, all that stuff tonight over there – the kleptomaniacs and the police not doing anything about it…what was that about?”
“Just so. In order to “collide all things” in a bloom or die moment for our Children, we not only need all possible crises to be present, but also both sides of Values.
Values come in two kinds: Fixed and Variable. We ran a lot of the early what you call “history” with “fixed values.” We put these into your world through Prophets and Teachings and rule-sets. So that’s the fixed values.
More recently, though, we have introduced variable Values. And we’ve given them a clever name “Adaptive Integrity.”
“What’s clever about that?”
“You will be facilitating massively divergent Values by modulating them with A.I. Following? Think social value scoring carried all the way from Birth to Death…”
“And the klepto’s?”
“Your world is turning into a klepto planet. And that’s like playing with fire. We are trying to evolve and educate our Children so they will find and appreciation the fine balance between Giving and Taking. For now, though, you’re totally overboard on the Taking side. So much so, we’re thought about ending you Sim.
The Challenge is Here, Now
To make it clear, we’re explaining the plight you face:
A global kleptocracy with runaway “adaptive integrity” – we want to see if you can figure out a happy ending for everyone with that. With a plague, wars, and we’ll be sending in famine shortly.
We just wanted someone “in the audience” to see what’s going on. Neat, huh? We’re just here running the daycare for you. But we also wanted to reassure our Children, we’ll all be together again regardless of how this Simulation ends.
Today, enjoy your shorting profits but keep an eye out for a run-up at the close. Now, don’t you have a Peoplenomics column to write?”
“Well, yeah, now that you mention it, I guess I do.”
Write when you get rich,