Market Records Due, Next Grand Distration Launched

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We see that the market ready to pop to the upside this morning.  Not surprising, given that the Fed is still keeping “money easy” with low rates – for now.  And also since the next “Grand Distraction” for America has now being launched by the collapsing news networks.

That’s the transgender discussion and what happens in .mil land.  Almost gleefully, the Washington Post headlines “Growing GOP backlash to transgender troop ban underscores Trump’s political miscalculation.”  In background, we sense the libsnlefts will go [further] nuts upon hearing “DOJ: Civil Rights Act does not protect sexual orientation.”

Still, to their (occasional) credit, CNN reveals what the Big Picture is as they report “Democrats say they’re ready for a culture war.”  Indeed, as Pogo, would have said “We have met the enemy and it is us…”  The headline shots are being fired.

(Continues below)

 

Dope on Dope for Dopes Dept.

Meantime, we note the cognitive train wrecks in national mental acuity screaming from headlines like these:

From Reuters: Exclusive: ‘High Times’ ready to roll with public offering – sources.  (The headline makes more sense that ‘High Times’ to pass the IPO duchy…)

The L.A. Times notices “California has too much pot, and growers won’t be able to export the surplus…”

And them Fools on the Hill?  Useless as always a “Lawmakers halt bill to let VA doctors prescribe pot for pain.”

All this left Knowledge at the Wharton School of Business to observe how we’re now America the Divided: Why the Great Melting Pot Is Having a Meltdown.

It’s  not a coincidence as we see it:  More like part of as plan.  As in culture war.

You see, without such made-up “crimes” (as self-medication) we would have an economic collapse tomorrow.

Think of it!  Coyotes running human trafficking rings would have to rely on black tar sales and not dirt weed.

The police, DEA, and all those inter-agency anti-drug outfits would be left with half the workload.  Prisons would partially empty, a good number of criminal attorneys would experience sizeable income as case workload drops, and the Cartels would have to focus on speeding up their takeover of legit business with the drug money IGG (ill-gotten gains) that get mixed offshore and then come back here to fund takeovers and acquisitions.

Yes sir, we just gotta keep the potroversy steaming ahead.  Besides, the booze lobby pays well in Washington and the country – despite childish opinion to the contrary – still goes to the highest bidder.

We should also point out that the Booze lobby SHOULD worry, too.  Denver Post is headlining how “Beer sales are down…especially among the millennials …”

[We would launch into our discussion of how the public is not stupid when comes to the buzz-per-ounce efficiencies of anything liquid (except Windowpane) against lightweight doobies.  But we would probably get the munchies and take a nap after the field testing…]

Ure doesn’t make up contexts…I just report ’em and that doesn’t sit with all kinds of True Believers, whether on Drugs of polly-ticks.

The Healthcare Mess

We have held that the president in exile role being played for a certain former president is not entirely implausible.

Especially when reading in the NY Times how “Former Obama Aides Lead Opposition to Health Care Repeal.”

Hang the Bastards

Speaking of the political intrigue, and the liars and crooks in Washington: It has been obvious out here in fly-over Country since the election that the eight-year hangover of Obama embeds and crooked repubnicians (RINOs) has been systematically leaking all kinds of secrets to keep “things stirred up.”

This morning White House comms director Anthony Scaramucci says he will contact FBI, Justice Dept. over leaked financial disclosure.

Little slow getting to the complaint stage in Leakerville, ain’t we boys?

Would Someone Call Rolling Stone?

I can’t believe how stupid this headline sounds if you’re, oh, through ninth grade, or so: “Rolling Stone cover asks why can’t Canada PM be US president.”

OK, skip the civics lesson.

From the Merger and Acquisition standpoint, Canadian GDP is around $1.5 trillion and their national debt is about $1.4 billion, so other than speaking French – and maybe taking the US Trilingual – the Rolling Stone cover seems to us more like a splashy (wet) dream to sell mags to their following.

Wait!  I forgot about how the culture war agenda.  Still me!  ‘Scuse me.  Lost my mind for a moment, there.

The Law in Pennsylvania

How come we’re reading how FBI indicts 2 Pa. Dem mayors in pay-to-play probe and we still don’t know the details on the Clinton Russia Uranium deal?

(We assume the FBI doesn’t indict, but the way things have run there, who knows anymore?  We like to think grand juries indict, but we don’t write headlines for other media…)

Continental Subsidence Watch

Well, finally, the idea of a continent subsiding has shown up, although not in a meaningful way to most peeps.

It an expedition to study Zealandia, a sunken land mass east of the eastern Australian coast.

When you look at the maps, though, you begin to wonder if maybe the story of Zealandia’s demise was preserved (and spread) in legends and might have spawned those ancient reports of Atlantis.

Or, is this the Lemuria continent?

The Wikipedia shorty on this is:

Lemuria /l??mju?ri?/[1] is the name of a hypothetical “lost land” variously located in the Indian and Pacific Oceans. The concept’s 19th-century origins are from attempts to account for discontinuities in biogeography; however, the concept of Lemuria has been rendered obsolete by modern theories of plate tectonics. Although sunken continents do exist – like Zealandia in the Pacific as well as Mauritia[2] and the Kerguelen Plateau in the Indian Ocean – there is no known geological formation under the Indian or Pacific Oceans that corresponds to the hypothetical Lemuria.[3]

Though Lemuria is no longer considered a valid scientific hypothesis, it has been adopted by writers involved in the occult, as well as by some Tamil writers in India. Accounts of Lemuria differ, but all share a common belief that a continent existed in ancient times and sank beneath the ocean as a result of a geological, often cataclysmic, change, such as pole shift.”

Our money would be on generational story-telling errors on location (location, location) would account for the “misplaced” Lemuria tales.  But I don’t have a business model to make that battle worth fighting and I’m sure some Lemuria deniers do.  Everything is, after all, a what?

Back to Markets and Data

The Dow was the big gainer in the market Wednesday and it looks to pop another hun this morning.

Big Jump in Durable Goods

Way more than expected:

New Orders New orders for manufactured durable goods in June increased $14.9 billion or 6.5 percent to $245.6 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.1 percent May decrease. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders increased 6.7 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $14.6 billion or 19.0 percent to $91.6 billion.

Shipments Shipments of manufactured durable goods in June, down three of the last four months, decreased $0.1 billion or virtually unchanged to $236.0 billion. This followed a 1.2 percent May increase. Transportation equipment, down five of the last six months, drove the decrease, $0.4 billion or 0.6 percent to $78.8 billion.

Unfilled Orders Unfilled orders for manufactured durable goods in June, up three of the last four months, increased $14.2 billion or 1.3 percent to $1,135.6 billion. This followed a 0.1 percent May decrease.

Also out are some advance economic indicators:

And on this report, the market will go soaring.  NASDAQ is up 42 in the preopen while the Dow is holding back with a smaller upside pop due.  But we should now see a series of progressively higher highs as we move toward Eclipse Day August 21, which may be when the market begins the Big Rollover.  Or the 24th – Ures truly is not particular.

It all spends the same.

27 thoughts on “Market Records Due, Next Grand Distration Launched”

  1. George ; with all the negative news, do I go out and buy a tinfoil hat or get more water and beer.

  2. Regarding your Rolling Stone reference I’ll offer that y’all are jealous because you don’t have a dancing queen anymore. It’s a tough call as to what is preferred as the leader of a country, the son of a stoner or the mafia!

    • Not tough at all. The son of one or more stoners interfered with MY life in major ways. He stood against everything American, such as radical independence and self reliance. He tried to make our country into a carbon(pun intended) copy of the EU, aka failed superstate. He inflicted so many regulations that I withdrew from engaging in business at all.

      Our current president is not interfering with my life beyond what the former one inflicted. He’s trying to make OUR country sustainable as an economic entity. I’m good with that.

      I’m not good with the ongoing and obvious corruption in both major parties and our so-called CONgress. There’s no excuse whatsoever for not repealing the ACA and rethinking whether or not we want government involved in the medical industry at all.

  3. @ edward roeckel –

    A true urban survivor would know how to fold tinfoil to make a hat, which could hold either water OR beer….LOL

  4. I agree ~ Hang the Bastards! So many of them ( demonCrats, RINOs, and assorted freaks & fruit loops) that the sales of rope would sure help the hardware stores.

  5. I contributed to that durable goods uptick. I have been buying a few more DVD’s and bought a new player. The ten years old still works, but was bought when I had a CRT tv; the picture just ain’t that good. So I go to Amazon and have them send me a region free upscaling DVD player. I figure if economy cuts off my legs, I can still watch and listen to what I own on disk, assuming I can afford power.

  7. Re: Rolling Stone article. Its all about the hair George, its all about the hair. Our guy is prettier than your guy. Much more qualified too. A high school drama teacher!

    A Canadian reader

    • Ya’ll can READ ‘Mericanized Engrish in thar in the frozen North? OMG, what with the PQ do?

      Say! How about we merge our breakaway California with Parti Québécois – why amongst them, they could promote unspeakable government! Everything in every language for every gender…even ones yet to be invented. By gawd there’s an economic model for you – if you’re in the taxing business

      • George,

        The Pacific Northwest very well could have been part of Canada prior to ‘the Oregon territory’ becoming part of the United States.

        In the 70’s (if I remember the date) in response to requests for Federal aid not being addressed, Governor of Oregon, Tom McCall suggested (not totally in jest) that Oregon might join up with Canada.

        Canada is our close neighbor, and it pays to be friendly.

  8. George,

    News flash. Hillary isn’t President. Stop already with all the distraction nonsense. And the best way to stop the ‘leaks’ is for Trump to stop doing crooked and crazy stuff. He brought this on all himself.

    And, oh, BTW, it not matter if Trump fires Republican Mueller. Any competent prosecutor knows to follow the money. Best, Mike.

    • Bullshit.

      Al Capone wasn’t president, either. Crooks of any party ought to go to jail in a land of lawful government.

      Or, we have to admit to having a political ruling class…which would be Ure’s point. A point supported by recent events, I would add.

      You’re an apologist for the bad guys…you getting a cut?

      • George, thank you. You make the point even better than I did. Yes. Criminals of either party should go to jail. So stop defending Trump by pointing to other purported bad guys. Let a competent prosecutor (even a Republican one, ha!) follow the facts (especially the money) and see where it leads. But, man, there is suffocating smoke here, and now real fire too! And, is your guy acting totally guilty, or what? Unbelievable. Is he really that compulsive? Like out of a Colombo episode. Best, Mike.

    • Its funny when you hear “Hitlery is not the president” like somehow 30 years of the Clinton Crime Family should not be investigated….

  9. I’m for the death penalty because too many real bad asses have been released from jail to do tremendous evil for the rest of their lives. Check your history books, Stalin, Hitler, etc..

  10. I thought I would toss this out there, since many readers believe that: Iran is a desert country (false, I learned to ski there), filled with arabs (false, Persians), they are typical rich desert arabs and buy their technology (please remember they have been under a never-ending embargo – they are building their own everything) and that they hate Americans (also false, if you go as a private citizen, normally welcomed).

    http://ifpnews.com/wired/iran-tests-satellite-carrier/

    How many countries have the capability to do this? And we want to bomb them because, well, er… exactly what is the neocon rationale again?

    • OM, thankfully, many of us know AND we happen to know the destruction of Libya occurred on a NON-neocon administration’s watch! Watched with glee, by a certain ladye, as the sovereign leader was sodomised with a sword that our own elected leaders paid them to do. Yeah, we know the whole miserable stories. We also know, IF we’ve been reading along here and paying attention, that our sanctions (NATO) in Russia are causing trouble and as you pointed out via a link, that our government is also sanctioning Russia further. SANCTIONS LEAD TO WAR. But Russia is also protecting itself as George noted; prepping for what? Why is Russia ready for the unknown and the majority of the USA is dumb and ignorantly unprepared? WE also know what General Wesley Clark told the world about his communications and the seven countries that are to be taken out. And lastly, Iran, great country, have met lots of fine Persians who have come to America to live free.

      Same as when I went to Egypt after 911; only kindness and compassion emitting from those gentle people WHO couldn’t speak a lick of English, nor I any of their languages, but their heartfelt expressions of condolence to OUR nation didn’t need words. Why are we taking out and destroying all sense of stability and culture in two of the oldest Christian nations on earth? WHERE are the charities to support those Christians? Look at the George Sorosa inspired (i.e. funded) colour revolutions that have swept the planet. That is what is coming here and the divisions continue. Yes, it is the neo-cons and war mongers of both parties PLUS other countries influence, via lobbyists/ banksters, media, etc., in our own country that keep us in a perpetual state of war; and more to come. What’s the answer? PREP.

  11. Ever since the USA decided to put a chicken in every pot, our country has become a melting pot of haves (give us the best chickens screw the rest), haves not (those looking for the free chicken), & those just working towards the American dream (the ones who pay for the chickens). Unfortunately, all have one vote that can be purchased with a chicken. Now you know the true reason for the coming economic crisis.

  13. NO NO NO Jeezus Jon, come to grips bubba.

    Cillizza is NOT reporting just facts. Tosses in way too much ‘personal slant’ to it. He is opinionated. And many would disagree with his slant.

    So no, cite something other than flashy, eye-grabbing Trump (and entourage) bashing and we can talk about it.
    Populists leading network-agenda lynch mobs are not on the menu here.

    Of either party. I notice you didn’t bash Maxine for interrupting the SecTreas 12 times. Blind to rudeness?

    What new FACT came from that? None – just another media con – selling opinion as news.

    News is generally a person revealing a fact, not and opinionizer.

    The stories about ‘mad max(ine) were, at least, fact-based.

    • I’m pretty sure Cillizza is a political commentator. Is that the same as a journalist? Or is it more like Hannity and Fox & Friends?

      Regarding Mooch, he deleted his tweet regarding the “leak of his financial disclosure”. Turns out it was released legally. Oops.

  14. Jon, If I recall correctly, Rahm Emanuel was known for a potty mouth too.

    I lost my virgin ears about 50 years ago.

    • The Canadian government debt, commonly called the “public debt” or the “national debt”, is the amount of money owed by the Government of Canada to holders of Canadian Treasury security. In 2013, this number stood at CAD$1.2 trillion across federal and provincial governments.

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