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How Tech Could “Snooker the Fed”

Next week’s Fed meeting probably won’t change rates. That doesn’t mean the words around the decision won’t move trillions. Today’s Peoplenomics looks at why the Fed may be reading the AI buildout exactly backward—mistaking construction spending for proof that the promised profits will ever arrive. The ChartPack adds a second warning: tech has lost relative strength, the Aggregate is compressing inside a flag/pennant, and the next break may decide whether we get one last blow-off—or begin the larger fall.

We also put a circle around the calendar. Tisha B’Av begins at sundown Wednesday, carrying centuries of historical and religious voltage into an already active Israel-Iran war. Then there are the B-1 movements, the nuclear rumors and the official assurance that the Lancer is conventional-only—or so goes the narrative. Add Bertha, rising U.S. casualties, Canadian tariffs and Elaine’s Army-green IBM Selectric continuing its federally supervised tour of America, and there is plenty to think about while we wait for the market to choose a direction.

So yes, again: materially above the average $40 letter—and embarrassingly above many charging several hundred dollars.

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37 thoughts on “How Tech Could “Snooker the Fed””

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  1. well george like to congratulate you on your pennant cartoon yesterday again . wonderful thick lines with a strange side left time log . varying in isolated patches . as my old broker used to say i can draw all sorts lines make a pig have lipstick . and this wonderful assumption like an american 1950s sci fi flick . ahh its a pennant bears (which its not )run for your lives . daniel day lewis won an oscar for last of the mohicans . george ure should win one for last of the can kickers . even rick ackerman has seen sanity at long last . and by the way i think i was taught by the best in the gold market , who i miss and has sadly passed . it looks dreadful . so ramp like all other trump men and his boyz . good luck with it

    • they have to ramp, to keep the ILLUSION going, otherwise the whole shooting match be over, done, and its Pitchforks and Torches time.

      Like Ure favorite bubba used to say..”Its the economy, stupid”.

      Runaway INFLATION, not temporary like Ure favorite sword swallower likes to say, “transitory’, yerp like a Pimple on Ure Ass..its only temporary.

      Meanwhile peeps be charging their KidsHappy Meals a MackDonalds.

      going synthetic puts on Gold, the Miners ? Ill take that Cash flow and profitability all day, everyday day. Its what the Oracle from Omaha said to look for and Buy – strong Cash flow.

      So I buys on the dipz, as currently like getting DUST-ed just before the turn, UP! Its looking golden to these sore red bloodshot eyes.

      Now why dont you go back Ure warm and fuzzy Shelia – and get yo self some of that furry Wombat love.. out back.

  2. my god . giving nuclear weapons to saudi arabia . that takes a lot of insanity . can someone please intervene in this madness .

    • Trump approves deal with Saudi Arabia that could allow the kingdom to enrich nuclear fuel to weapons grade.

      The Kingdom has repeatedly announced that they will not become a nuclear power unless Iran tests a nuclear weapon.

      Looks as though something has changed their military-minds.

      .., damn !

    • My memory may be dimmer with age but for some reason I seem to remember that almost all of the 9/11 hijackers were Saudis.

      NONE were Iranians or Iraqis.

      Now isn’t it interesting that instead of going to War with Saudi Arabia instead we go to War with Iraq and Iran, two countries that NEVER had any people attack the US?

      AIPAC control of the United States government seems to be consistent and unbreakable.
      (remember the USS Liberty, the ship that Israel tried hard to sink with multiple attacks extending over a long period of time)

      Just the ruminations of an old man here.

  3. Fed rates above 5%…last in 2007 due oil issues and housing at a distance. Same now except no oil for gas and housing at a distance. Rates can’t go down due Japan Inc funding homecoming. No free ride for third world as China Inc blacked out. If positive promote, none of that. Leaves Russia with no oil, inflation…

  4. Comes in Three’s -right? Well, here’s “Number Two”
    Blew a tire on the Studebaker – ran over a huge friggin’ nail.
    I had forgotten just how heavy those steel rims are – damn !
    Roughly 45 minutes on the side of the road. [ 85 degrees ]
    Dropped the flat off at Les Schwab on the way home – they don’t keep my tires in stock., but will give me a call in a couple of days once they have the new one mounted.

    Now – what will “Number Three” be ?

    “Stay Frosty !”

  5. my great mate in new york reckons they are shorting bonds da boyz . naked . dont know how they can . but ill take the other side . FED must sure have a lot of sheetcoin . federali laughing getting off the hook . next trick the $USD . the mighty currency , and yes im a gold bull of 30 years , will soon have a lift off like a real liftoff , a saturn 5 rocket

  6. When the Saudi’s detonate a tactical nuclear bomb over Iran you can’t blame Israel. I’ll bet they already have one ready to go.

  7. “…and did it ever return? Yes! it DID return, but it’s fate is still unlearned.”

  8. Pakistan has lots rain which means it needs food. What can it export? Trump calls them friends? India doesn’t like it. Chinese on border of India so no real issue. Just terrorism. Afgan into Packistan

  9. (“ITS HERE. )

    Thank you china..thank you…
    big box showed up.. the wife was looking at it and I could see the comment she was thinking…” what the Hell is this?”
    she reached the therapy visits maximum from Medicare and the supplement insurance due to the stroke that screwed up her ability to walk……. the piece of equipment she needs to continue her therapy.. isn’t covered by our insurance or medicare..she’s been leaping through hoops trying to get it..better than half a year..She finally gave up….

    I talked with a therapist who helped me find a similar unit overseas, and today it arrived at our door. She never thought she’d get it. After everything she’s survived, after how hard she’s fought to recover, seeing that box felt like giving her a piece of hope back….

    when she finally looks in the box.. ( she will look to..I know this woman lol)
    I just hope she gets snoopy before I head out to work..lol lol

    she’s been so frustrated and considering heading to another country for healthcare is beyond our budget…( similar to my teeth.. cant tell you how hard I contemplated following the meals on wheels social clubs suggestion of heading to mexico..even got recommendations for a few dentists there..

  10. Lol… she just asked me..what in the hell is in the box.so I laid it at her feet… its my birthday gift to me….she’s speechless… lol lol…best surprise ever..
    she had given up…

      • Yes…… it is..she was so shocked and happy… got it all set up..there was an import tax but hey..cant get upset over something trivial like that…
        now to ask another co worker … he’s just a peon catfish at the bottom of the pond like myself but he makes custom prosthetics and he’s very good at it … just gotta see what he will need…buy him a case of his favorite beverage.. or like our plumbing trade..make him something he’s dying to try.. I made an ancient Viking mead for the neighbor .
        improvise , adapt and overcome….the most important lesson in my life…

  11. The relationship with the kingdom of Saudi Arabs by trump hence America confuses me . The official story was that saudis trained in crop dusters and were responsible for that horrible day 9/11. Why all this mateship ? Wtf. . Confusing to no end this latest trump antic

  12. Talk about a kid in a candy store..or my grandson dollar general bound……
    she had given up… now to learn how to use it

  13. Israel got us into this mess, get out while you can!!
    https://www.foxnews.com/world/ex-counterterrorism-official-joe-kent-continues-calling-us-military-withdrawal-middle-east

    ‘Former National Counterterrorism Center Director Joe Kent is reiterating his call for the withdrawal of US forces from the Middle East amid the ongoing war with Iran.

    “Get our troops out now before we suffer a mass casualty attack. Break the escalation trap. Trump still has the political strength at home to declare victory & have it resonate, that ability will be lost if we suffer more casualties. Now is the time to leave, immediately,” he wrote Sunday on X.

    In part of his resignation letter he asserted, “Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.”

  14. Yep there’s been a cover-up:
    https://www.nytimes.com/2026/07/20/us/politics/troops-injured-jordan-iran-war.html
    ‘In the week leading up to the Iranian attack on Friday that killed two U.S. soldiers and left one service member missing in Jordan, Iran carried out three other strikes against U.S. forces in the country.

    Those attacks injured dozens of U.S. service members and damaged several helicopters, according to several U.S. officials, who spoke on the condition of anonymity to discuss operational matters.’

  15. “How Tech Could “Snooker the Fed””
    Not just the Fed. They are trying to snooker everyone.
    Because they ain’t GREEN if they’re using all the BLUE for cooling.
    God only knows what kind of “secret rooms” gonna be built into
    those places . Got a bad feeling these “data centers” are gonna morph into something far more nefarious.

  16. re: “Chronicle of the Old March”, Entzelt, 1579
    or: the “Deaðpool”, Le Grand Rex, 2016

    Something smells fishy like ð; it’s raining coinkydoinks. Recently St. Martin of Tours surfaced for whom Martin Luther is allegedly named after. Now a student of Luther, Christoph Entzelt, is on deck.

    Msm informs that Aframax Saudi flagged tanker Encelia (its third name) is alleged to have encountered hostile fire near Al-Shuqaiq (“small mountain pass”) in the Red Sea. A civic website describes the region as a “family-friendly…comprehensive tourist experience”.

    I’m uncertain if tanker Encelia is named for the Greek giant god Enceladus (gr:”to sound the charge”). Athena the goddess of love buried him under Mount Etna from where legend has it he enables volcanic eruptions and earthquakes. However ChatGPT defaults to Encelia as deriving from the Encelius member of the daisy family in honour of the German cleric and botanist Christoph Entzelt. Therefore thanks to him Americans situated in drier areas perhaps have his brittlebush plants in their midst. A casual search suggests the plant type’s characteristics were of use in Native American dentistry.

    The second name of oil tanker Encelia was Silvaplana (rom: “flat woodland”). I don’t know why an oil tanker would be named after a village in a Swiss valley. Its road out up over the Julier Pass is said to have been one of two Roman ways through the Julian Alps and marks a watershed between the Danube and the Rhine rivers.

    Encelia’s first name at launch was Apanemo. ChatGPT defaults to Greek which literally could mean “away from wind”. From a Latin perspective one might look at Apanemo as conveying a sense of “monkey nobody”. This could point to a chapter out of the Trojan War. Odysseus identifies himself as Nobody to the one-eyed son of Poseiden before blinding him. The latter calls for help, but his friends take it that ‘nobody’ is to blame and do not respond promptly.

    According to Wikipedia, author Wu Cheng’en wrote his popular Chinese novel “Journey to the West” in the 16th century. The tale is based on the 19 year pilgrimage to India by Buddist monk Xuanzang in the 7th century. Wu Cheng’en’s fictionalized story has a monkey as traveler who earns his chops as a “Great Sage Equal to Heaven”. It received published English translation in 1942 by a satellite friend of the Bloomsbury Group, Arthur Waley, under the title “Monkey: a Folk-Tale of China”.

    Last year the Wu Cheng’en novel arrived in theatres and became a hit. Chinese moviegoers know it as “The Little Monster of Langlang Mountain”. Everybody else can simply call the film “Nobody”. Here’s a teaser with English subtitles at the following Youtube link:

    https://youtu.be/59WTgd35QyQ

    Hopefully everyone is pumped! As the teaser writeup informs us: “Let the adventures begin – even Nobodies can shine.”

    • my comment was for Jester – a few more turns of the kaleidoscope and everything may come into focus………….

    • The Monkey King is far and away the most entertaining character in all of Eastern literature..by far.

      Spent thousands of years stuck under that Mountain, just absorbing and collecting Qi. By time he was busted out, dude had accumulated tons of Qi.
      Goes and gets the unbreakable Bar weapon r from undersea king dude, and proceeded to storm heaven.
      Monkey stole an entire pitcher full of the Elixir of Life, and guzzled it all down. By time the Buddha responded to Heavens complaints, Monkey had pretty much trashed the place. When he was finally done, he goes out and Pisses all over the 5 giant white columns out front. This of course set the Buddha to laughing his off, as he watched Monkey in the palm of hand pissing on his fingers..

      • Says “authorized by the estate of…”

        Never heard of the authors, but then I haven’t read F&SF in 30 years. I’m just wondering if they’re a faithful continuance of Asimov’s vision or a bastardization of Trantor…

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