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Facts Matter, Actually
It has been pretty clear to us that a boatload of “commercials” may be selling into a long wave top of markets in here.
In terms of “news?” Hated mandatory jabs, a pernicious inflation in the wings due to import prices, miss on the at-home GDP, and the Fed STILL having to make-up $120-billion a month – rounds off to just under $1.5 trillion a year – to keep the wheels from coming off… Well, just not especially inspiring if you know what I mean.
With slow Joe and the Kamunist back to sporting masks, we trust you followed our advice of what? Let’s all go back to July 16th and our column Prepping for Lockdown 2.0 – Markets in Denial? It’s not like any of this should catch you short of masks or gloves, or work equipment and supplies.
Unless you’re an idiot, in which case we can’t cure stupid.
What we can do?
How about a reminder of how to live a strategic life: There is no way to effectively sit on the sidelines without throwing in with one team, or another.
One team is the go-go’s. They believe the ONLY way to live is for maximum gain. Every waking moment – roll ’em and head higher. Real estate developers, lifetime politicians, even two-bit Arkansas leaders (*and their spouses) who make headlines daily, fall into this brain bucket.
This – in turn – if held up by the (similarly greedy and egotistically-driven) sell-outs of the mainstream media. Presented as the “American Ideal” these turd-heads have NO CLUE how you reconcile economic growth with killing selected industries in the name of climate change. Or, what happens if the LBGTQ marketing really grabs hold and there are no more offspring. What do you do with all the teachers who will be unemployed?
The mental mush resulting from the inability to logically play half a dozen steps ahead of events is why the Mexico border leaks more than I do after a half-rack of Rolling Rock.
With White shaming and cancel culture moves paying off (thanks to the communist infiltrated “education” (brainwashing) system, guess whose birth rates are dropping most? (If you look here, everyone’s!) Which leaves America “in the box” of open borders or falling birth rates because who wants to boinky-boink their way into a potential lifetime of child support and then liability for college? Want teacher pensions to go banko?
This is all because of a change in how humans “render” their lives which is far too long a discussion for this morning (I’ve been busy antenna modeling for the Sunday ham radio special). But, it will be a damn-fine Peoplenomics report in the near future.
To finish the thought:
The OTHER team has a way to live (besides totally leveraged, in hock to banksters and hoping shit doesn’t blow up in your face). Debt free.
LIVE FOR MINIMAL LOSS.
This means living below your means. Owning everything your eyes fall on outright. Paying no interest (usury) to anyone. And always having a plan for the worst possible outcomes.
I don’t like to think about Kamala Harris becoming president, or the next variant drop (bioweapon X), or WW III over Taiwan and South Korea (which would logically be a two-prong deal because that’s where fine pitch computer chips come from…). But I do so because Life is like Chess. If you want to win, play more moves ahead.
At 72 and 78, we have already had a better, longer, more satisfying game of life than most. I can still put enough food on the table to keep thinking about dieting. And since we have so many do-it-yourself projects around here, isolation isn’t scary at all. Be nicer if the web was up only 3-days a week, but things will get to that. Patience! Review the tracks of Venezuela. The fools on the Hill are taking up there with no chance of return to normal.
We just don’t plan to lose. Their Schemering aside, we won’t be willing peloser’s. Other than the game-over whistle (heart attack, cancer, dementia or whatever), we plan for 100+ and work on keeping the best of friends part of Life front and center. If you don’t have to worry full-time over checkbook float and bills, that kind of thing actually happens.
Didn’t me to digress, but when you take time to read the News, just remember the old mid 1970s time management courses: There are always URGENT things in Life demanding your attention and involvement.
Burn ’em. F*ck ’em. Do the important shit, instead.
Managing the space between your ears.
Buddy of mine spent Thursday in hospital in Oklahoma. His 11th day in ICU with Covid. (Send him prayers, please). Asked by his wife how he felt? He grinned and said “Still fighting…”
And by God, that’s the spirit. It’s that stuff of head and heart that never makes the news except via contrivance and monetizations.
If you can’t be brave when you’re alive, you’ll never do it in death. Feel cowardly? You’ve been set up to be demon-fodder on the far side, for sure: Tender soul, weak heart. Devil’s delight.
“Do not go gentle into that good night,
Old age should burn and rave at close of day;
Rage, rage against the dying of the light.”
So wrote Dylan Thomas. “Wise men know at their end, dark is right…” But while we suck air, divine power to command our future is still in hand. Seize it!
We do our share of raving, often as we can. Keeps the lights on.
Not Paying Attention?
Well, then let’s get to the morning overdose of URGENT! URGENT! EVERYONE FLEE FROM THE STREET! Which keeps the MSM sucking your eyes in:
Let’s do the numbers first. Economic news releases:
“Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending in June 2021, the U.S. Bureau of Labor Statistics reported today. Wages and salaries
increased 0.9 percent and benefit costs increased 0.4 percent from March 2021.
Compensation costs for civilian workers increased 2.9 percent for the 12-month period ending in June 2021 and increased 2.7 percent in June 2020. Wages and salaries increased 3.2 percent for the 12-month period ending in June 2021 and increased 2.9 percent for the 12-month period ending in June 2020.
Benefit costs increased 2.2 percent over the year and increased 2.2 percent for the 12-month period ending in June 2020.”
Work harder and get screwed, by the look of it. Whee!!!
Official version reads:
“Personal income increased $26.1 billion, or 0.1 percent at a monthly rate, while consumer spending increased $155.4 billion, or 1.0 percent, in June. Compensation increased in June while pandemic-related assistance programs declined.”
Of course, we do have some “gangland accounting questions” about how things like “government checks” are counted. Isn’t that like giving our own money to our selves and how does that play and when does the music stop?
Commodities are twitching a bit toward inflation in some, but deflation in others: Gold was holding around $1,831 but silver was down into the $25.50 range. Lumber was running $610’ish. 10-yerar Treasury was up to almost 1.27 %. Our simple solution to the economy not being responsive?
Where we are is in deep trouble because of the spread involving Fed money moves and the huge amount of stale money sitting in banks and so forth. This morning is NOT turning over as revealed in the velocity of M2. Which hasn’t been this bad ever as the last 6 months.
The investor looks at this chart:
…and properly concludes that since a Depression didn’t come along in early 2020 as it was setting up to do, the manic money printing hasn’t really cured anything, yet. Dark Pools are still flooded, savings haven’t been destroyed, and pools of Big Money haven’t been enticed out of hiding, yet.
The reason is there is still NO CREDIBLE GROWTH story. Cars and trucks can’t get chips. Vax’ed people are masking up and another lockdown is possible. People who have homes are holding them at such high prices, the low end of housing can’t wander in to get a foothold. And while all this goes on, the government still hasn’t announced a plan to deal with cryptos.
Sound like upper management you’d invest in? “Not I,” says Chicken Big.
Yeah…we look at the same problem daily. Why do you think Branson and Bezos are trying to get off planet? Nothing else to buy here. Besides, the private islands are already owned and over priced. I’ve looked. Until savings is destroyed and we can start a new game of musical financial chairs…
By the way, a great study of how people with no vision of the future just can’t comprehend it: Video from 2000 shows Jeff Bezos mocked by fans for dreams of flying to space. Last laughs by Bezos how many billions later?
Distractions Seeking Traction
The blah-blah part:
Vax Flax: Of course it’s NOT a real vaccine – it’s a computer’s idea of how a vaccine for CV-19 ought to work. Which is likely why 35,000 Americans Getting Symptomatic COVID-19 a Week Despite Being Vaccinated: CDC (theepochtimes.com).
Why didn’t Rand Paul nail Fauci for lying about gain of function? Well, the headline Rand Paul’s 2016 presidential campaign committee fined $21,000 gives crackpot George the idea the fine would have been much, much bigger if he had faced down “the narrative…” See, everything IS a business model, ain’t it? But, must be present to win. Or is that president?
Common Sense – common in Texas, not elsewhere: Texas parents push back on school district for spending $2M on ‘equity consultants’ as academics lag. Kids go to school to learn, not be programmed, right?
S&P futures down 27, Dow only down 83. And here you thought yesterday was Turdsday.
OK, ab zum Frühstück,
Write when you
can read German get rich,