No sooner had Joe Biden arrived in Rome (where we assume a “kiss the ring thing” will be photo op material [we have some alternatives, lol]), their markets began to tank. Looks to be coming over here, as well.
The Thursday Rally was completely comprehensible just on the basis of “He’s gone! Can’t do anything stupid for a while…”
I share the feeling, brothers and sisters. But did you see where the latest Buyed’em giveaway of Ure tax rubles is going? U.S. in Talks to Pay Hundreds of Millions to Families Separated at Border, reports the WSJ. Pencils to $450-thou per person.
Which I have some problems with: First, do they are get jabbed in order to qualify? Second, only pay to those with correct entrance documents from a an border station.
But, you are being programmed to “get along like wokee’s, get along.” Remember, as one of our posters reminded in a comment, only took the Bolsheviks 300 to overthrow the Tsar. Tools like bankruptcy, division, and state religions (like communism) ain’t ‘zactly new,
I’d offer a wager that by Monday – Tuesday latest – Europeans will be begging us to let Joe go home. All for it, around here. IF he wades-in via the Rio Grande entrances he’s left open for insurrectionists to herd infantry through.
This’ll just really make your day:
“Personal income decreased $216.2 billion, or 1.0 percent at a monthly rate, while consumer spending increased $93.4 billion, or 0.6 percent, in September. The decrease in personal income primarily reflected the winding down of pandemic-related assistance programs. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 7.5 percent in September, compared with 9.2 percent in August.”
Psst! Wanna see some peektures?
Wowee! Is this shit fun, or what. Let’s go again. Labor Dept’s turn:
“Compensation costs for civilian workers increased 1.3 percent, seasonally adjusted, for the 3-month period ending in September 2021, the U.S. Bureau of Labor Statistics reported today. Wages and salaries
increased 1.5 percent and benefit costs increased 0.9 percent from June 2021.”
This is exactly why economics drives people to substance abuse if they think about things. We got a BEA report saying personal incomes went down in the same month “compensation costs” went up. Where’s the eff’n money???
And someone out Rome-in around doesn’t understand his low numbers? Let’s Go Brandon!
Frothy Fried Day
With the first cup (16 ounces, lol) we looked in on the futures. Which we were digging holes 22, 50, and 137 deep. Depending whether the S&P, Dow, and NASDAQ. My bet’s on the ‘Daq being most informative; “Tech leads the way” has been a battle cry of screen-seers for two decades now.
Nevertheless, one off our handy-dandy idea tools over on the Peoplenomics side of the house (updated twice weekly) is the comparison of the US to Rest of World plus US. When we notice a gap developing (with the US overpriced compared to the RoW) then something’s gotta give.
There’s a whole Boolean dance we can go through (not as much fun as, oh, singing Y.M.C.A. which Elaine will sometimes do after a glass of bubbly…) which looks like this:
So far, the futures were showing the “US can fall to RoW” so if the bottom falls out late in the session today, it will then get us to the second point. Which if Ure semi-eidetic is?
(What kind of math is best on the Friday before Halloween? BOO!lean…) Whee!
You see, the story goes like this:
Once upon a time, there was a crooked Central Bank that figured they could Run America via the money. So far, they’ve been right.
One day, likely to cover-up all the corruption around the Invictus Games, a mean, nasty cadre within a rising Western Pacific country launch a bioweapon.
Seeing he’d need to get reappointed, the Head of the Central Bank decided to print like hell and use the plandemic as a scapegoat.
18-months later, prices beginning to accelerate, the Banker got a call from his Boss. “You pump this sucker up, or you’re out of a job. And if you fail, I’ll see to it that you and half your buds are hauled up on insider trading charges… Like we’re doing with Sen. Burr under investigation again for pandemic stock sales | Raleigh News & Observer…”
Hate when the boss calls.
Still, the market did hit nominal new highs in our Aggregate Index this week.
Or, did it?
See the problem is even slowing down on their Monumental Money Triage (MMT) there has still be billions of additional dough in the system to drive prices higher. Ergo, some overshoot of the billions-ago pricing might be expected.
Hey Mark Zuckerberg!
“Mark…you’re just a kid. 37 now, ain’t it?
But, this crap about rebranding FB as Meta…WT(actual) are you thinking?
OK, maybe you were too busy growing the company back in 2015. Or you might not read Business Insider.
But trust me on this, short read and worth is: New Coke: the 30th Anniversary of Coca-Cola’s Biggest Mistake. I’ll be 73 shortly, so tend to remember such things.
Cyclical, this history stuff.
We still don’t post on Facebook. Don’t like your business model. Got companies to move whole followings onto your platform. Where you held ’em for ransom to let companies and people communicate fully with their own base. Pass.”
While in Rome Pope urges “radical” action on climate change ahead of COP26. Wait, don’t sensors and candles release carbon? Waving around a picture on a phone might help?
Beggars can’t be leaders. The President’s Gamble: Biden Implores Democrats to Support His Agenda – NYT.
Weather in a word: Storm system forecast to bring severe weather to Mid-Atlantic, Northeast. Wait! That’s not nearly alarmist enough! Instead, how’s about Coastal flooding in Baltimore-Washington DC may be worst in 2 decades. Inundation, hell yeah. (Though they didn’t use the word climate; which is...you know…kind of disappointing…)
ATR: Leafing Fall Alone
Our occasional Around the Ranch notes have been a little scarce, lately. I apologize. Many and much going on around here…
Tile has cured well-enough that the backsplash will go on this weekend. Blissfully little cutting, maybe a dozen cuts.
Cold Front rolled through here. (You don’t want me to trigger on my deep knowledge of anabatic and ketabatic winds, trust me.) Even with blocking terrain, we hit around 28 MPH. Our trees now display themselves half-naked. Don’t tell Cuomo.
Question of the Day is how to approach the leaf mess. I stopped counting at 40 bucketloads on the tractor one year. Finally used it like a bulldozer (blade pusher) which reduced the time/effort a bit. Which gets me to this: in terms of effort is it better to leave (sic) them in place until EVERYTHING has fallen and I can leaf blow the house, shop. and all the gutters at one time? Or, is incrementalism good? I’m not trying to be a democrat-turned libtard-turned communist – turned despot about this. But, maybe I’m just Stalin’?
Time Machine testing will begin on Nov. 29. Still working on the flicker rates and frequencies for the strobing effects. This as the sound field MAY (exceptionally low probability here) recreate the effects reported by Bruce Gernon. The Fog: A Never Before Published Theory of the Bermuda Triangle Phenomenon. Which would make a lot more sense if you’d read my book Dimensions Next Door: Hacking Space-time. Or not…
New Deck getting closer to ordering materials. But watching the lumber futures and asking if they could break down again… Depending on limbo (“How LOW can you Go?”), I may inspired to build a huge greenhouse. Fun to build things when materials are low. Sheet goods are still priced by the mob, though.
Website Stuff includes axing the Computational Future site. Wasn’t doing anything and the few hundred a year on expenses for it could be better deployed. Like into beer, fer example. The Official Logo has been changed to a .webp graphic which is supposed to be faster. So if your computer blows off your desk…
Beard and Stache are back. I call ’em my automatic, self-renewing face insulators. Wonder if anyone has patented that? Hmm…
Off to the chow hall... Then a nice gathering online of fellow compulsive gamblers when the market opens. Peoplenomics tomorrow, ShopTalk Sunday.
Evergrande’s next Payment. Due this weekend. Be sure to check Sunday night futures…
Write when you get rich, (*or pun nausea passes)