First thing out of the hopper today is the Housing Start report from the Census Bureau:
“Building Permits Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,298,000.
Housing Starts Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,297,000. This is 3.3 percent (±9.1 percent)* above the revised October estimate of 1,256,000 and is 12.9 percent (±11.7 percent) above the November 2016 rate of 1,149,000.
This didn’t hurt the futures, which are now predicting the Dow to open up 60-more points:
Then we have the latest “Current Account” report.
The U.S. current-account deficit decreased to $100.6 billion (preliminary) in the third quarter
of 2017 from $124.4 billion (revised) in the second quarter of 2017, according to statistics
released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.1 percent of current-
dollar gross domestic product (GDP) from 2.6 percent in the second quarter.
The $23.8 billion decrease in the current-account deficit reflected decreases in the deficits on
secondary income and goods and increases in the surpluses on primary income and services.
Last, but not least, we continue to eye the widening reality gap between the Fed (supposedly raising rates) and actual market in things like the 10-year US Treasury. Which, though up 1.39% Monday, continues to be stuck in the 2.4 percent range.
What’s the old saying? “The more things change, the more they remain the same.”
Mueller Probe to Drag Out
We have two items in the political category – both Trump-related: First is this report in the Washington Post that the Mueller investigation may drag out for another year. In case you missed it, this is consistent with the view that there never was a “Russian plot” to elect Trump. Even an idiot should be able to see by now that “she-of-whom-we-don’t-write” would have been a much more likely Putin-pick, especially after the Uranium One deal she was hip-deep in.
Another Sideshow: Disney Added a Talking Robotic Donald Trump to its Hall of Presidents.
The other point – important since Mueller’s team hasn’t put anything but picky process violations on the board, is this opinion piece that says yes, the Mueller grab of emails from the GSA probably was illegal.
But legal doesn’t stop the “Lynch mob” (if I can use that label on anti-Trump DOJ officials who are so deathly down on Trump). So far, there have failed to indict a Russian surnamed perp or track money back to the Kremlin.
Still, fanned by the embeds of you-know-who before Trump, this political sabotage act will drag out, pissing away public money, and boring us to tears with assertions and innuendos, which is all “news” seems to be, anymore.
Near as we can figure it, the anti-Trumpers in the probe will likely roll out the “indictable ham sandwich” just ahead of the 2018 Congressional election cycle and then Democrats will paint Republicans as filth and slime.
When then pick up a few seats in the House – a foregone conclusion – the pundits will blame Trump (who seems personally responsible for everything lately). Though here in Grown-Up Land the alt.reality is that the Dems will pick up some R seats because the R’s have turned into (still more of) a pack of lying, non-performing sleaze.
Clones of their counterparts across the aisles.
Commies in the Media?
Oh, sure… We’ve been telling you this for a long time – it’s the real work-out of Détente and the collapse of the Soviet Union. Get us slow, get us sure, get us with our media.
Communism’s gone global…but you should be able to see it.
Still: Just in time prevent my being labeled a right-wing nut, here comes a story exactly as claimed: Communism-loving journalists shaping our news accidentally outed.
Oops, don’t you hate it when there’s a Truth Leak, comrade?
America Great Again? No Way
MAGA’s a mess. Pure marketing hyperbole. Hence, a respectful note to the President this morning:
“DJT: If you really want to demonstrate, rather than just ‘talk the game’ of Making America Great Again, might I suggest?
Appoint a Commission on National Self-Sufficiency to put together a shopping list of what makes America so damn co-dependent on the Asia countries already under China’s shadow. Publish the list. Then fix it.
Just for example, I have been doing a bit of ham radio restoration lately (more in an upcoming Coping section). But the MAJORITY OF PARTS I need to restore EMP-resistant tube-type radios is coming in from China and a few other countries.
Since we don’t make electronics much here, time to bring resistors, capacitors, inductors, magnetics, chips, wire, and multi-layer boards back home where most were invented. Same thing in clothing: Where are American textile mills, shoes…you know manufacturing jobs….”
Reference: Some John Maynard Keynes on point here.
“We are pacifist today with so much strength of conviction that, if the economic internationalist could win this point, he would soon recapture our support. But it does not now seem obvious that a great concentration of national effort on the capture of foreign trade, that the penetration of a country’s economic structure by the resources and the influence of foreign capitalists, that a close dependence of our own economic life on the fluctuating economic policies of foreign countries, are safeguards and assurances of international peace.
You can see in this, how Keynes pointed the way toward the left/corporate/globalist alliance.
More details are available (if the WH cares), but until someone says “OK, we have this vulnerability (we think), so let’s see how big and how real it is – and fix it.
Then, let’s pass incentives so that critical parts, critical electronics, consumer necessities along with critical machinery (and software code) is returned to American shores.
I want to buy an American-made flat screen, for example. Where is it? Not assembled – I mean ground up made here.
Failing this, while much of fly-over country thinks the MAGA slogan is nice, the rubber meets the road as we track-back all components to source…and then announce where our Achilles’ Supply Chain problems are. Then fix it.
Sadly, Trump has been so busy defending himself (and we thank the lefties of the NE establishment (a/k/a The Network or PowersThatBe) for this) that he hasn’t mounted a positive-action offense.
This needs to change because Globalists, by sucking out our manufacturing base, have seized not only supply chain control, but they also own the clown posse that calls itself Congress.
Sad…. but as a result, Trump is not moving the ball down field. That’s what he’s supposed to be doing…and I’m not seeing it, yet. I just keep ordering 630 Volt polyester caps and 600V electrolytics from China….
Nuclear Manufacturing Woes
Keep an eye on the Hanford atomic works which has a leak of plutonium over in Eastern Washington.
Speaking of which, here’s a better idea than Bitcoin: How about a plutonium-backed currency?
That idea came up when I spied the article “World running out of Plutonium – NASA spacecraft like Voyager 1 at risk.”
Would that be great, or what? Since plutonium is priced somewhere between rarium and unobtainium, seems to me the perfect substance to back a currency.
More durable (and lethal) than backing with “mined nonsense” or oil, wheat or any of the other currency backings proposed by lesser economists than Ure’s truly.
Unfortunately, nothing has come of our gunpowder-backed currency proposal either, or the C-4-backed currency plan that followed, either. But we keep trying…
If government claims life and death powers, then let’s monetize that, right?
Warfare on the Web
Sticks & Stones May Break…
Facebook makes German marketing push as hate speech law bites… but we remain, as always, skeptical of the long-term usefulness of social media. Jawohl?
Another 2018 “Trouble Lies Ahead” Forecast
Central banks, trade and bubbles threaten the 2018 status quo. Gosh, where have we heard that outlook before? Hmmm…no hints, now……
Brother Alexi is Back
And making fresh charges against Putin: Vladimir Putin’s Challenger Says He Would Win if Russia’s Elections Were Fair.
Maybe Russia should appoint a special prosecutor to see if the US interfered….no, bad idea.
Well, off to breakfast, then.
Tomorrow’s Peoplenomics.com will focus on The Third Matrix… which should be useful if Ure into collecting tools to spur creative thinking and solutions.
Remember, Peoplenomics is a dandy stocking stuffer. If you have someone who might find it useful, send a note to firstname.lastname@example.org and I’ll tell you how to set it up…
Surely, you have some friends worth $40 bucks?