Seattle, Portland, and the backside of the Cascade range are all looking at busting records today. We’ve penciled in “Sweattle” and “Portnix” as new city names better suited.
Mainly Arizona but with a contender in New Mexico, massively huge fires are still running away. Among Arizona fires, the Telegraph fire is 180,756 Acres, while the second -largest (the Johnson) fire in New Mexico is about half that size coming in at 88,918 acres.
Three in Arizona follow: the Rafael (76,322 acres), Backbone (40,855 ) and Pinnacle (34,417 acre) fires.
Son George II is headed back to his home department today as the Oregon (Warm Spring Confederated Tribes land fire) was holding at 6,679 acres and local forces will end that one.
Interesting from a homebuilding perspective: Lumber prices have continued to collapse. The contract was down to $774 this morning when we checked. Fires, or not, lumber prices are starting to wander down a bit.
Sheet goods (like OSB) are another story. Not sure if they’re using gold for glue, but at over $55 a sheet for 7/16ths, we have to wonder. Something about “chips?”
Weather Underground has an outlook of 116 F for Portland, Oregon today. A little ways up the I-5 corridor, Olympia, Washington will eye 112 F while Seattle could kiss the 106 F mark.
Parts of Arizona sometimes – by now – have gotten spotty summer rains. If you haven’t hung-out in “the Valley” locals call these Arizona’s “monsoons” and the the period officially runs from June 15 and runs through Sept. 30.
The place you notice it most is over the Mogollon Rim (north of Scottsdale) and north (Payson) over to Show Low (yes, a town named after a card game). These rains account for the water and timber along that part of the Rim.
Texas doesn’t have “monsoons” of such repute (or importance). But, eyeing the week ahead here, we really ought to “swap weather” with Seattle. Highs in East Texas tall pine country will be generally under 90 this week and as of the 5 AM run, we were looking at rain every day for the next 10.
Total rainfall predicted is over 2 1/2 inches, so that would put us within spitting distance of last June’s YTD total of 29.82 inches. And we’d be tracking for annual rainfall of 55-inches, or so.
For comparison, Seattle averages 37-inches a year. And except for pilots like me who notice such things, Portland actually gets more rain (43-inches). What gets Seattle the rain reputation is the sun doesn’t promptly reappear following a good “sky pissing” like it does in Oregon. Maybe has something to do with no sales tax there – we can’t be certain.
Meantime, anyone ready for hurricanes to show up? Two disturbances moving through the Atlantic. One could reach the southeast coast.
This is my favorite morning of the week: Wheel out the whiteboard, huff on the dry-erase marker, and yammer on endlessly about statistical gibberish.
Bitcoin is holding $34,062. Two crypto stories have us considering our outlook of $28,000 and lower for BTC: One is the report that Bitcoin Leads Crypto Rally in Defiance of Regulatory Crackdown (from msn.com) The other is Biggest ever mining difficulty drop: 5 things to watch in Bitcoin this week (at cointelegraph.com). We continue to call Bitcoin the “red tulips” while Ethereum is more like “white tulips.”
And, did you see where UK financial watchdog bans crypto exchange Binance?
In the end, a mania is a mania. And to believe – with both China and the U.S. looking at their own digital currencies – that a competitor would survive has us wondering “Are these coin people nuts?” Then again, we look at the current occupants of the White House and have been asking the same thing about voters.
Sadly, same answer: Some of the people, most of the time.
Except for the Dallas Fed’s Manufacturing report at 9:30 local and some Treasury auctions, this is a No-Doz Monday.
Despite the holiday weekend ahead, remember it is next Monday that’s the mail (and bill)-free Holiday.
Tomorrow the Case-Shiller, S&P/CoreLogic Housing numbers arrive. While there’s a good bit of hysteresis in the data (time lag) it would make sense if for this one (or the coming July report) to see rising prices but falling volumes. It will be an indicator of how much inflation fear is roiling beneath the surface.
Wednesday brings the ADP Jobs report. Thursday new unemployment claims plus the Challenger Job Cuts. Then Friday the U.S. Employment report lands. We’re still waiting to see if there will be more people working than before the pandemic.
In May of this year, 151,620,000 people were working. But despite all the (incompetent financial press blithering idiots and their column-inches and web screed), here’s the bitter Truth no one talks about:
See it? Sure…of course we have more people working now than a year (and a lockdown) ago. The sycophant miscreants ignore in their cheerleading suits that yes, there was a year before 2020. And we ain’t there yet.
Reason? Well, these Sounds of Silence make sense when you look at the stock market which has been run-up dramatically on phony money. Because, frankly, with 5.263 million FEWER people working than two-years ago, we have a hard time comprehending how anyone in Washington can tout “Growth.”
Well, except, as I mentioned earlier: Some of the people, most of the time.
The Kamunist movement: Rep. Andy Biggs: Kamala Harris ‘visits’ border – here’s the real reason she went. Spoiler alert: Photo op. To be swallowed by (chorus) Some of the People, most of the time…
Looks like Mitt Romney may be one of those “most of the time” people, too: Sen. Mitt Romney says he trusts Biden after infrastructure reversal.
Born today way back when: 10 Inspirational Quotes By Helen Keller (ibtimes.com.au) Our fave in the bunch: ”
- “If we do not like our work, and do not try to get happiness out of it, we are a menace to our profession as well as to ourselves.”
Passings: Former US Sen. Mike Gravel dies at 91.
Digital Frontier Justice: Texas Supreme Court Rules Facebook Can Be Held Liable For Sex Trafficking.
Long as we’re on “social justice” let me reiterate a carefully crafted view from here: ALL of the comments posted on UrbanSurvival are reviewed by an actual human. Me.
Should there be no consequences for digital platforms which have taken humans out of the loop in order to maximize revenue and profits for Founders? Hell no! Not when stalking, murder, child porn and grown-up sex trafficking, drug and gun sales are involved. Then again, who is so stupid as to donate free content to the Digital Profit Pricks? (Gimme the chorus, please?) Some of the People, Most of the Time.
Yes, we want no blueberries department: Dole fruit recalled in the United States and Canada on cyclospora concerns (yahoo.com)
OK, Now I’m confused by the headline: ‘F9’ opening weekend: $70 million box office haul is pandemic record (from cnbc.com). I totally get the F&F franchise. But “…is pandemic record…???” I thought Slow and Kam were going maskless and we were, for sure, the only ones in the grocery store Saturday with masks on. (I must be having a “Mandela Moment” here.)
Clean House at the Olympics! After I read Yet More Olympics “Activism”: Medalist Turns Back To Flag During Anthem At Trials on ZeroHedge. You see, turning your back on the flag of the country an athlete nominally represents means they are only representing themselves.
Ought to be kicked off the U.S.A. team, in our view. Has nothing to do with race. Has everything to do with Citizenship. Don’t like America? Don’t go to the Games. (Did someone whisper “Everything is a Business Model”?) I won’t give any money to the US Olympics until they straighten up and get back to it being solely an athletic event.
Buy a PowerBall ticket. Getting up into “interesting” territory as Powerball Jackpot Grows To $88 Million.
LifeHacker reports a worthwhile idea: Get Paid to Travel Around Your State Tasting the Best Pizza. Maybe if they had a similar program for beer…
Around the Ranch
An amazing discovery! There’s actually plastic laminate on the surface of my bench in the shop! (Someone did some cleaning this weekend and made the discovery after removing a number of “archeological projects.”)
We’re the proud owners of two battery powered 5 1/2-inch circular saws now. Review coming up on ShopTalk Sunday next week.
And yes, the Reuben sandwiches were great. Thanks for asking.
90-minutes to the open, Dow futures were down 30. Fever’s bound to break, one of these days…just not yet.
Write when you get rich,