This as we have another shortened trading week with markets closed Friday for New Years. Bond traders will take off early Thursday. A neener moment.
The main economic feature of the week – other than letting some air out after the Santa Rally last week – will likely be the Housing report tomorrow morning. We’ll do a two-parter.
While we don’t offer financial advise, it would be a reasonable guess that the market could drop a bit on some excuse, or other, in order to give the commercials a good price point to enter long positions for 2016. Housing might be a blame point.
So a major turning point could be the housing report tomorrow morning; we will will watch to see how that goes.
Professor Michael Chossudovsky is out with a fine read over at Global Research: War, Terrorism and the Global Economic Crisis in 2015: Ninety-nine Interrelated Concepts. Definitely worth reading because the global macro picture is something that even our own (marginally qualified) government doesn’t seem to understand well-enough to work effectively.
Also: A Charles Hugh Smith piece out over the weekend says if we don’t change the way money is created and distributed, nothing will change.
However, as I’ve argued before, there won’t be any change on the money side until we change on the political side – and NOTHING will happen then until we apply business process re-engineering concepts to democratic government and disperse Washington back to home districts and ban the interstate flow of money that let’s the same-old crooked thinkers hold on at the top…
Do you have any idea what our beloved Constitution would look like if it had been up for bid (and grabs) by lobbyists which hadn’t risen to political dominance at the time? OMG!
11-dead here in Texas as massive warm air collides with a chill from the north. The system is moving eastward today.
As sadly happens when a story like the weather is breaking, MSM and online media get into something of a footrace to come up with the biggest body counts. Here’s a story citing 18-dead from the storms.
I’ve got a $5 place bet on 23 by the time all’s said and done.,
Oh, wait! Here comes 23…
Do I hear 33?
Yah ever wonder how “revolution” would come to America?
A shopping mall up in Louisville, Kentucky was closed early this weekend because of more than 1,000 young people who were committing mayhem.
It’s and interesting model to consider: Could mass violence come to America through a series of timed mall disturbances that then spread to other locations in a community?
It didn’t happen this way in Ferguson, but it’s a matter for serious study in police departments and such: Propagation of civil disorder. Especially when electronically augmented.
Could schools, like malls, be hot-spots?
Some readings on point:
The Link between Poverty, the Proliferation of Violence and the Development of Traumatic Stress Among Urban Youth in the United States to School Violence: a Trauma Informed, Social Justice Approach to School Violence Portia D. Rawles, Adjunct Professor, Norfolk State University
This latter piece is $36-bucks to download, but the abstract will get the wheels turning.
Killer marketing idea,, huh?
We see the Russian military is out with “explosive charges” (if you don’t mind the pun) – video footage of what they say are up to 12,000 oil trucks massed on the Iraq-Turkey border.
The open secret is the US is standing by while NATO member Turkey looks to be collecting oil from the Iraqi areas….
And, since Russia is a big oil supplier, this has the Russians firing off ordnance toward the competition while the Saudis et al keep prices low as foreign buyers try to wrap up American resource.
It’s enough to give you a headache…
And there is no sign of improvement as the Russians are laying more sanctions on Turkey for shoot down their jet (which with others was shooting at Turkey’s oil convoys from the ISIS lands…)
Still not a migraine? Well how about the New York Times touting this: “Iraqi Forces Retake Center of Ramadi From ISIS…”
Seems to me Ramadi has turned over enough times now to be featured on Flip that House.
And in this morning’s WaPo we read how the Taliban is still strong in “A year of Taliban gains shows that ‘we haven’t delivered,’ top Afghan official says.”
Add a pinch of plutonium and frappe until glass.
Former democratic senator Jim Ebb hints he may be running against you-know-who. So take a look at his FB page here: https://www.facebook.com/IHeardMyCountryCalling/photos/a.240139606175966.1073741828.232634213593172/421407398049185/?type=3
Either he runs or he’s going to be VP material – loves to see how negotiations work out in media reports…
But we do give Webb a nod for calling her out on Libya…
Say, here’s a science ponder: Does estrogen vote as a block? I haven’t seen much evidence testosterone does…
The Mexification of ‘Merica
Here comes a story that should send shivers: There’s an AP report about how public housing (360 square feet and smeller)_ is being promoted in places like NYC.
We have long held that illegal (but administration-promoted) immigration (and thousands of Syrians leap-frogging legal immigration applicants) has the net effect of tearing down our lifestyle.
Yet with this latest mish-mash the gigantic conspiracy to con American becomes ever more clear:
Using “green speak” copnvince people they need to have a smaller carbon footprint.” And then, with immigration nonsense, bring in people who will work for cheaper.
The bottom line: More people to tax, and a further concentration of people into small spaces which makes them what? (Come on, think like a chicken farmer here!)
Easier to manage.
Yessir, America is being conned out of her lifestyle with green speak and bleeding hearts.
Gotta love it.
While we’re at it, let’s toss in a side of global warming causing tornadoes, shall we?