Before we get into the morning fray, a bit of data has just dropped:
May I present? Producer Prices!
The Producer Price Index for final demand increased 0.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.4 percent in May and edged up 0.1 percent in April
On an unadjusted basis, the index for final demand advanced 0.1 percent for the 12 months ended in June.
In June, the increase in final demand prices can be traced to a 0.2-percent rise in the index for final demand services. Prices for final demand goods were unchanged.
The index for final demand less foods, energy, and trade services moved up 0.1 percent in June after no change in May. For the 12 months ended in June, prices for final demand less foods, energy, and trade services advanced 2.6 percent.
Everyone with a pen and a sense of financial humor has probably already written this, but the U.S. is locked into a rate of inflation far higher than the Fed’s lofty dream of 2 percent inflation. Even in this week’s CPI report, the All Items (less fools and energy) was still running 4.8 percent.
So, in our elderberry eyes, looks like a lock on a quarter point and maybe a half.
What we have to deal with right now – in advance – is the conundrum of currencies. Take a look at the two charts from KitCo which are over on our links page, here.
What will happen – when holding a U.S. Dollar denominated asset – after the rate increase in two weeks, is that the Dollar will be less of a “turb sandwich.” Meaning stronger – which will drive gold down a bit, raising the purchasing power of the Dollar, and thus, on the 26th, we can already see the implications of the repricing of assets. Dollar up, stocks down. But that’s all OK because?
Are Markets “Past Prime”?
Yes, that’s right Bunkie, past Prime. We are in (our work) finishing up the final rapturous piece of Wave 2’s finale. We are going on a last-minute “trend kissing tour” in here, but even a fool (moi) can see what happens when the Big Ugly Wave 2 in Yellow comes to an end.
Since money is “Only how we keep score” I’ve gambled and lost about $500 trying to get the absolute tippy top TOP of this pig. The rational mind keeps screaming “Wait for the breakout of Trend Channel!” But the coffee and a taste for “action” drives me not only to take on too much risk, but to ride bad positions past my own tiny loss rule. Every time I ignore that, well…
The first number table is of interest to perhaps only retired economics profs: Unemployment filings are somewhat noisy, but their stock-in-trade is applying math to filter gold from noise:
The experiential part of the weekly update from Labor is what the individual States were reporting – big movers down in U.I. filers and the big movers up.
Hopefully, you don’t fall into one of those states with big increases in filers.
Amazon Prime Days
We tried to get an early read on how the online sales went this year. But…
Thanks for reaching out. We don’t have anything to share today but will make sure you’re on our press list when we do have data to share.
A couple of times throughout the day, we will visit Amazon’s PR archive here to see how it went.
Hot Air on Summer
Ure’s “Bitch du jour” has to do with hot weather. Going for 103F in the Texas Outback today. So, yes, I can hardly wait for my new (nearly silent) air conditioner to show up. Should be here via UPS Saturday, says tracking.
“Wait – UPS delivering? SATURDAY?“
Just so, partner: UPS to offer Saturday ground deliveries in Texas, but not in Dallas.
“But…but…but… I thought UPS was going on strike?”
Well, both sides are in “Waiting for the other side to blink” mode, for now.
In fact, UPS moving online goods is so critical to the economic fairytale that the UPS strike could force Biden into another tough union decision.
Prior to the strike, a public thank you to our regular UPS driver. Who popped in earlier this week to drop off a fresh package of his “Nuclear Cooling Pond with Ghost Pepper Beef Jerky.” If there’s a strike, he may have time to whip out another batch. Understand, I’m somewhat biased in my strike outlook. The jerky’s half-life is measured in seconds.
Is a UPS strike the only labor story out there? No, of course not. Hollywood Actors Poised For Strike After Studio Talks End Without Deal. Screw ’em. Hollywood is so totally out of touch with Main Street America, it ain’t even funny. If you haven’t seen this review (by Nerdrotic) click over an enjoy the lines like “Diaper of Destiny” and “Dial of Dementia“… Seems to us like the review is better than the movie. But, we’ll still buy the DVD for the After Apocalypse party binge watching while the radioactive cloud….
Diaper of Dementia aside, Disney Higher As Board Extends Contract of CEO Bob Iger Until 2026 | The Olympian
The OH, Bomb-Em Wars
The public and the non, follows.
First, China is making some moves to defuse the Pacific tensions a bit: China and ASEAN agree to try to conclude nonaggression pact on sea feud in 3 years. But that still leaves them ample time to “reunite” Taiwan into their fold. Speaking of which: PLA heard ordering US P-8A sub-hunter to exit Taiwan Strait.
And with John Kerry out for Chinese food, what could go wrong? China hackers accused of breaching US government emails | Semafor.
At the same time, neocon thinking goes to the idea that there’s gotta be a media spin in here somewhere. Presto! China’s Role in Putin’s War Might Be Backfiring.
And in said Putin’s War: today’s spectators are being treated to the upgrade from a Ukraine War to a NATO War. State of war? NATO plan to send 100,000 troops to Poland – Preparations for conflict with Wagner in Western Europe Ukraine and Suwalki Corridor.
Which we’ve all be waiting to pop based on (not kidding here) G.A. Stewart’s work over at the Age of Desolation website.
Looking more and more sketchy on the one-month horizon. I mean, what could go wrong, right? Well, besides North Korea conducts test of nuclear-capable ICBM. You just know those people are sane, patient, and thoughtful…
Now the Non Part
My consigliere and I have been wondering “Why is Biden and his handlers (neocons) so anxious for war? There are so many theories – boggles the mind. One is that we have a new “secret technology” that we want to show off, can’t do so without Big Pretext.
Along this line comes word that recently the Hidden Government rolled one of its semi-secret projects over into the really secret, black, SCI world. But not the stuff covered on Peoplenomics. This was “something else.”
We’re reasonably sure that dimension hacking is at the heart of this. Long, long ago, a former colleague and I were looking at the “Swiss-cheesy” angle of reality in long-range lo0k-aheads. But it wasn’t until the latest episodes of Beyond Skinwalker Ranch and the tunnel complex that seems to run through the Bradshaw Ranch that things began to click into place for me.
We’re beginning to “stake out” the next level of conflict as bits and pieces of Reality Bending are starting to leak from around the edges of the Skinwalker Ranch series (Amazon video), and the Beyond Skinwalker series (History Channel).
There’s supporting conceptual grounding in stories like the Why Files episode Bending Time: The Successful Time Travel Experiments using Kozyrev Mirrors. (We did tell you long ago to keep an eye on Why Files, right?).
Now picture a Kozyrev Device – a kind of derivative of the concepts in the Mirrors – being designed and built. Convert to a solid-state platform…
It could easily give birth to non-local technology that would seem to “break all the rules.” Which is exactly what the neocons may have up their sleeves. But they can’t just “announce it.” Because it would totally breakdown modern civilization.
Do keep in mind, I covered a lot of the acoustical aspects of time and space-time in my 2017 book Dimensions Next Door. Lots of key conceptual stuff in there.
“Say Space-Time WHAT?”
OK, go with me here: Start by asking yourself, “What could a really disruptive technology do to Society?” For ideas, roll through “Auditing the risks of disruptive technologies” that Deloitte did. This is the realm of GX – which is generalized disruption/unknown. Like UX without just U experiencing it.
As the various “Skunks” and “Phantoms” publicly work on obvious (bridge) technologies, remember what Ben Rich said about being able to “take ET Home.” If you don’t know who Ben Rich was, there’s a remedial website out there somewhere just for you.
Naturally, being able to bend space-time radically changes the world. Teleportation and such is implied. And what do you do with old fashioned airlines for example? So, it’s a hot mess of Future when reality itself gets bent-up. But that’s the non-public angle.
Meanwhile (locked here in legacy space-time), could just be that we’re trying to goad Russia into first use (of nukes) which would then allow Israel to use bunker-busting nukes on Iran. Which is still targeting the end of Israel – which could come as early as December of this year. More as timing rumors swirl.
But there IS a common thread/tech to flying Tic-Tacs, portals in Native kivas, Tibetan stone-lifting, and even in the drive to get rid of expansion joints on Interstate freeways where the thump-thumps of tires on joints might hit the exactly right beat (92 BPS range per the native drummers and FLIR images on a recent Skinwalker) to induce, well, warpage.
Pissed and Parsed
Joe’s Nordic Track (or was it Finlandia?): Watch live as Biden meets with Nordic leaders in Finland after Nato summit.
Oh, the security of Crypto, huh?> U.S. government moves $300 million in Bitcoin seized from Silk Road – Cryptopolitan. Closely related – and we have mentioned this uncountable times: Bitcoin Role In Terrorism Worries US Authorities (buzzfeednews.com).
Around the Ranch: Out of Room!
George 2 and visiting firefighter/security type James ran out of room on our 100-meter shooting range. This was the AR vs. .308.
Luckily, we live in Texas where, a short drive away they found a 1,000-yard range. Long Range Rifle Range | Shooting Benches | Frankston, TX | 5H Shooting Sports.
May have to get hold of my friend Steve the Barrett 50 instructor. Still, 1,000 yards is likely too short for him, though hitting something more than 1/2-mile out is something of an artform.
For me, I can hit a barn at 100-meters. Not like these guys who are hitting a one-foot square metal plate at that range and hitting it every other round with their 9 mm pistols. Blam. Blam-ding, blam, blam-ding. 100-yards, standing, two-hand grip. In the interest of disclosure: James shoots match and competes in fan-fire revolver, too.
Nope. Not for this old dude. Just set up a barn out there, and I’ll see what I can do. Younger eyes, steadier hands. I’ll stick with older and more treacherous, thanks.
Write when you get rich,