I have been watching with rapt fascination (like in a horror flick) as the data comes in on Bitcoin Trading which we’ve been tracking using our trend-channels and Elliott wave counts. Up until now, it had looked like the worst might be over, but this morning when we looked at how the coiners were doing, our $4,000 target for Bitcoins has come back into view:
The circle is around the $4,000 mark because that’s where BITCs could go, though this is not financial advice. I already offered that on cryptos and it boils down to “Don’t play in the street unless you want to get run over…” Some people never learn, though.
NK Deal Means Market’s Must Drop
The White House has announced that president Trump will be meeting with North Korea’s leader in the near future to talk “a deal.”
Time’s take on this is reasonable: Is Kim Jong Un Gaming Donald Trump? Why Talks May Come to Nothing…
Fact is, this is potentially terrible news for democrats. They will have to pull every string now to stop any progress toward peace. You see, while they talk being the “peace party” remember who brought you the Viet Nam war, just to name one. And remember which party ended it. Just saying, that’s the data in the history books.
Big money in war and the markets don’t take kindly to peace when there’s no breakthrough new tech in the pipeline.
Time to release another batch of back-engineered alien technology, anyone? LOL….
This is definitely being overshadowed by the coup d’ Trump – getting North Korea rolling on talks to denuke the area. But let’s do the jobs data and then look at what the enemies of the state are up to:
Total nonfarm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining.
Household Survey Data
In February, the unemployment rate was 4.1 percent for the fifth consecutive month, and the number of unemployed persons was essentially unchanged at 6.7 million.
Among the major worker groups, the unemployment rate for Blacks declined to 6.9 percent in February, while the jobless rates for adult men (3.7 percent), adult women (3.8 percent), teenagers (14.4 percent), Whites (3.7 percent), Asians (2.9
percent), and Hispanics (4.9 percent) showed little change. (See tables.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.4 million in February and accounted for 20.7 percent of the unemployed.
Over the year, the number of long-term unemployed was down by 369,000.”
Key to the growing sense of “good times?” The labor participation rate was up 3/10ths to 63 percent from 62.7% previously. Not in labor force dropped 653-thousand – another big plus.
And the CES Birth/Death Model only accounted for 125,000 thousand jobs “estimated into existence.” Considering 785,000 more people were working, the CES fraction is a believable number.
Dow futures are +160 on the Dow at clicktime.
If you don’t like our rendering of this story, check out U.S. nonfarm payrolls post largest gain in one-and-a-half years years as an alternative.
Democrat’s Coup Failing
Every since the hard-anodized former secretary of pay-for-play’s tenure – and the Obamanistas rigging of the presidential election (screwing Bernie, etc) we’ve been more than slightly down on the lefties in the democrat mob.
Let’s see who we have:
Dennis Schumer who is blocking most of the Trump nominees for office. Had the republicans pulled this on Obama, they would have been run out of town on a rail – labeled racists. But when THEY do it… To us, bullshit of both parties stinks, but the dems own this one.
Sooner, or later, people are going to wake up to the dems being opportunists who use people.
Liberal-friendly media (CBS) are pumping up the latest Stormy Daniels story. But, like we pointed out yesterday, if she cashed the check, wouldn’t she be the one in breach? Oh, and at what point does extortion begin?
The party of crooks is trying to put on a show of reform – belatedly. Buzzfeed out today with “Democrats Are Considering Dropping Superdelegates Altogether — The measure would go a step beyond the Clinton-Sanders Unity Commission proposals to change the superdelegate system. An “absurd and undemocratic idea,” one DNC member said in a memo to party leaders.”
Like most of what democrats “stand for” don’t look for meaningful reform. They are the “can’t fix it – keep it broken so we can campaign on the same old-bullshit party.” Which they have done a super effective job of…
Meantime, we’re becoming more incensed by the day with this Mueller “probe” – Why aren’t leakers in the FBI and the Just Us Department going to jail for leaking “secrets?” Could it be because they are being fed stories to drive the narrative?
Mueller’s turned out to be a real wolf in republican’s clothing.
Desperation is in the same part of the dictionary with “democrat” and it’s going to get worse, not better, for them. Why? Because wallets don’t lie and “U.S. Household Net Worth Pushes Further Into Record Territory” explains the Wall St. Journal.
Our bottom line is simple: Democrats are lying scum…but then so’s the other party. The truth – and righteous path – is usually somewhere in-between. That’s where Trump is.
The Swamp consists of the crooked dance school of old-line republican’s who can’t think past their
pay-offs…I mean “contributions” and democrats who use anyone, of any race, of any country – even going so far as to import illegal aliens for that agenda to buttress their declining hold on power.
Just like “climate change” is made-science for a political agenda (climates been changing since the Ice Age ended, right?) the reason is to add taxes – and therefore power and leverage to the crooks who don’t live to ideals and ideas…and who haven’t fixed a major problem in America yet. Instead, they are merely facilliated the monetization of problems. And I don’t care if you measure prisons, racism, poverty…it’s more about monetization.
Absent real goals, real vision, real leadership, it’s understandable.
But let’s not kid ourselves about “what is.”
Collapse of Social Media
We’ve been predicting this for a long time, now: The coming collapse of social media.
As you remember, I told you years back that social was a crooiked business model.
You see, major corporations and forums decided to use the “convenience” of Facebook and others. But, as soon as they went IPO, then in came the greedsters to mess with the business model.
In the end (which we’re now approaching quickly) Fabebook (et al) are trying to hold people’s attention hostage but despite their efforts we now read how “Chances are you’re spending 24% less time on Facebook.”
Did I, or did I not tell you this was a digital hoola-hope? Reincarnation of CB radio for phones? Well, now the data is starting to trickle in.
“Millennials are starting to hate social media, too.” declares the New York Post.
Obama as the Weinstein Replacement?
Hmmm where’s that idea come from? Oh yes… Barack and Michelle Obama Are Reportedly in Talks to Produce Shows For Netflix.
We’ve always known Hollywood leans left…story clinches it, huh?
Peoplenomics will be posted Sunday when we get back from our investment outing at the Winstar. See ya’ll Monday…