Reader Note: Our local CenturyLink techs came through and we have enjoyed working internet again for most of the weekend. The last I’ll mention of it. Until next time…
Circus Poster Monday
Imagine you have been given the task of making up a “circus poster” for this week. What would you put on it?
See Ancient Victims!
With yet-another uncorroborated accuser from 30-some years back is in the wings. As democrat character-assassins are pulling out all the stops to ensure that Brett Kavanaugh will be scuttled as Trump’s Supreme Court nominee. But, even though little is backing up the claims, let’s tar, feather and run Judge Kavanaugh out of town, shall we?
Were there not exceptions for “public figures” in defamation and libel, Brett Kavanaugh could make a fortune suing the lefty-media which is convicting him without a trial.
Fortunate for the Webolutionaries, Due Process is Done Gone.
This is all made possible by “gender neutral” (neutered) political suck-up dim-witted cowardly republicans who should – in keeping with Truth in Advertising laws – change the party name and symbol to The Jellyfish Party.
A slogan like “Spineless is what we do…” would be fitting, as well.
That’s because as the great legal scholar Alan Dershowitz explained this weekend, you never in any sort of trial make the accused answer before hearing the charges. Unless you run the Jellyfish Party.
Yes, since the Jellyfish Party hasn’t been bothered with the Constitution since Bush days, we’re not surprised.
On our poster, we’ll put this in as Ring One – Center.
See Magic Money Printers!
The Second Circus Ring has to present the Federal Reserve which, by looking at the 10-year Note, has a better-than-even chance of raising raise by 25-basis points when the Fed announcement comes out Wednesday afternoon.
Today and tomorrow, we wouldn’t be surprised to see the market down a few hundred Dow points for a couple of reasons. One is our “Theory of the Market Heartbeat” which was outlined for Peoplenomics.com subscribers last month. We expect month-end selling that could spill in to the first few days of October.
The second reason, as we outlined this weekend in our Peoplenomics ChartPack, the Rest of the World has been rallying more than the US the past couple of weeks. Could it be that foreigners, who once looked to America for leadership, are now seeing a hollowed-out country that has lost its way (along with losing its spine to the point can’t even properly identify factory-equipped plumbing of residents)?
Honestly, if I were one of the Gnomes of Zurich, I would shade my bets a bit in here. The rest of world ain’t in great shape, but the obvious and insidious soft coup in America should scare the hell out of any self-respecting Swiss Money Gnome. Especially those wondering why Rod Rosenstein still has a job… (Maybe I’m a gnome, too…)
See the Great Stealth Inflation!
Third ring of the circus this week will be the Housing data that comes out tomorrow morning (and yes, we plan a two-part report since it comes out just after we publish).
As we showed you last week, the Stealth Inflation took off in 2009 at the bottom of the Housing Collapse and has been rolling ever since. Excessive government spending (“Hey, thanks Jellyfish Party!”) and a Federal Reserve that in the most recent H.6 Money Stocks Report reveals the M2 supply is being goosed at a 5.2% annual rate.
Obviously bad for regulated utilities (and telecoms) this has other ripple-effects. Lots more money for Big Money to borrow and, in turn, continue the stock blow-off.
The thing is, in the short-term it will work. But then? It will take more paper to buy consider goods. In other words, we expect prices will go up a good deal in the next 1-3 years. Labor market demand, energy may have bottomed…and then there’s all that interest due on the US National Debt of $21,2 trillion.
Doe the math some morning: What’s 5% interest on $21.2 trillion?
I only have a masters in business (but I slept at a Holiday Inn once…) but looks to me like about $1.06 trillion. Which is how much per day in interest compounding alone? Are you sitting down?)
$2,904,109,589.04 PER DAY Almost $3 billion a day.
FREE Cotton Candy!!!
That’s right – our Circus poster has to list Free Cotton Candy. Because the Fed doesn’t really pay 5% interest. Probably closer to half that since the lower rates have been rolled into the longer maturities of government debt. So, in reality, our National Hole is maybe only getting $1.5-billion A DAY deeper. A good part of it, they’ll just make up. By doing this, they effectively steal your savings by watering-down your purchasing power.
Prices never do go up (utility value of bread’s kinda constant, know what I’m saying?). It just take more made-up money to get some.
Wheee! Are we having fun, already, or what?
Sweet, too. If you’re on top of the sheep…
See Exciting Sideshows!
Take these, for example:
Florence: Evacuations continue as North Carolina rivers rise. Why is the federal aid taking so long? See Ring One for details.
Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion deal (Someone besides us still sees value in gold, eh?)
Still selling the weather – rebranded as “climate” for the really impaired who don’t see things have been warming since the Ice Age: Governments Are Failing Their Citizens on Climate Change. Here’s How They Can Fix It. (Like the Yellow Pages, climateers never stop selling…)
So Where’s Our Future?
Well, in quiet places like Key companies to attend White House quantum computing meeting.
But you won’t hear about this much on Bash-o-matic Media. Not nearly as much fun as yet-another demo-donor coming doing the slink to sink Kavanaugh.
Besides, we already know the future, right? Mass consumption instead of a global reset and rethink is where we’re going and still very much on course. If you doubt it, read Global advertising expenditure to grow 4.5 percent in 2018: Zenith.
It’s just all too much for the social media addicted pill poppers banded together as One Nation under God.
So we await the threatrics as Bill Cosby Could Be Sentenced to 30 Years or Just Probation. His 60 Accusers Will Be Watching Closely.
Yep, another week at the Circus.
We crawled out of primordial goo for this?
Hand Me a Press Release
Naw…to much work. Just the picture of the Chicago Fed National Activity Indicator (CFNAI):
Nothing-much changed on the futures. Down 30-some.
So, go warn the pigs. I’m tracking down bacon and eggs next.
Moron the ‘morrow – tell your friend.