How can we be so lucky? Everything is going “nice” – sort of.
We begin with the report on inflation, just issued by the Labor Department.
“The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in
August on a seasonally adjusted basis after rising 0.5 percent in July, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months, the all items
index increased 5.3 percent before seasonal adjustment.
The indexes for gasoline, household furnishings and operations, food, and shelter
all rose in August and contributed to the monthly all items seasonally adjusted
increase. The energy index increased 2.0 percent, mainly due to a 2.8-percent
increase in the gasoline index. The index for food rose 0.4 percent, with the
indexes for food at home and food away from home both increasing 0.4 percent.
The index for all items less food and energy rose 0.1 percent in August, its
smallest increase since February 2021. Along with the indexes for household
operations and shelter, the indexes for new vehicles, recreation, and medical care
also rose in August. The indexes for airline fares, used cars and trucks, and
motor vehicle insurance all declined over the month.”
Side of drill-down with that?
A friend of mine, one of the world’s leading financial engineers – once told me not to make too big a deal about inflation. Because when it came down to it, inflation was powering much of America increasing prosperity.
“Buy a home for one price, and if you can avoid the grenades’ rolled by the H.R. department at work for 20-years and actually pay if off, you’ll have a pretty good pile of dough saved-up in retained pricing of the home…
While he’s right – on paper – fact is its getting hard for everyone to avoid the out-cycling orchestrations of HR, seems like.
Hurricane Nicholas lasted all of what, 6-hours, or something before moving over Houston and on to the east in the early morning hours today?
Alas! Oilman2’s new marina in the Woodlands didn’t float. And Linda-at-Law reported in early:
“It’s now 0500 Tuesday. I have intermittent power. It’s quite windy with bursts of rain, but no deluge like Harvey or Imelda. My subdivision is in the northern edge of Harris (I have a Houston ZIP code but it’s an unincorporated area – Harris provides the services, not Houston proper). From what’s been posted online Galveston and Brazoria Ctys. have been slammed, major power outages, flooding in the usual areas, etc. ISDs are closed today, as are most businesses.
What I don’t know is how fast Nicholas is traveling. It’s been downgraded to a TS. I’m pretty sure your area will be okay, maybe a bit breezy.”
Not even. We couldn’t even lift a kite with the light winds in our area this morning.
Doubtful whether we’ll even get measurable rain, too, by the look of things.
Ure’s Daily Idiot Check
Let’s take them as a group, first: California Recall: Biden, Pelosi Rally Support For Newsom; Voters Want It Over.
Then, individually. Ladies first: Nancy Pelosi’s $3.5 Trillion Tax-Hike Plan. Fact is, the Pelosi spendaholic plan would shove higher tax rates on America than communist China. So are we self-funding a national buy-out, or what?
Slow Joe check: Joe Biden Jokingly Makes Sign of the Cross While Talking About Donald Trump. Didn’t think anyone would notice?
Does the bug man come on Tuesdays? Dr. Fauci to unvaccinated: You’re not in a vacuum; you’re part of society.
And what “idiot check” would be complete without you-know-who…her: AOC Attends Met Gala in ‘Tax the Rich’ Gown. It’s all about the money…
New American Industry!
Forbes is all about business right? So does the headline Top 5 Mistakes Male Leaders Make When Thinking About Gender Equality (Part 1) mean gender is a new business? Maybe in part 2?
We’re not too sure where to file this one: If you want proof of environmental racism, look no further Hurricane Ida. Got some ViseGrips I can borrow?
But, the morning capper is from the NY Times: “Squaw Valley Resort, Acknowledging ‘Racist and Sexist’ Name, Changes It.” Say, is there a rehab facility that can hold 250 million people?
Real Useful News
In found these days on sites like Study Finds: Overeating doesn’t cause obesity? Scientists claim it’s all about what you’re eating.
Also some useful data on how Dr. Ouchi’s Baby has worked to divide America more – like we need it: 1 in 7 people have dumped their friends over COVID-19 vaccine stance. Jab or leave me? (OK, gone…)
The first day of East Texas summer came early on May 3 this year. After that, it was a cool month and summer didn’t really kick in until June.
See, out here, the seasons are based on real – working – temperatures. 90F is summer. Over 90,k we start looking for beer, not tools. And having explained this, looks like the last day of “summer” here will be Saturday when odds are fair we could see the final 90F high of the year.
Been a nice summer – but now things like outdoor welding projects can be resurrected. I don’t know how real welders in Texas can gear up when it’s 95F and 75% humidity down by the Gulf. I turn into a simpering puddle over 85, or so. Maybe 87 when plasma cutting.
Seasonal Food Changes
Elaine and I were talking to my pal of 67-years (the Major) and I promised I would write down my recipe for lemon chicken piccata. So please make a note of this:
- Start with 2 pounds of organic skinless, boneless chicken thighs. Wash thoroughly and pat dry.
- Put half a cup of heavy cream in a bowl.
- Into another, larger, place 4-5 tablespoons of white flour. And a half to full tablespoon of your favorite seasoning salt. Lawry’s or Johnny’s Dock is usually picked here.
- In a large fry pan, melt a little more than half a stick of butter. Mix with an equal amount of olive oil. Drop in half a teaspoon of garlic powder (a little more, depending on taste) and a teaspoon – or more – of tarragon.
- With the pan coming up to hot, drag a piece of chicken through the cream, then through the flour and spices. Place in pan. Repeat until the chicken is all happily sizzling. Crack a bunch of pepper over it, too. Make a note to toss some white pepper in the flour mixture next time.
- Turn the chicken once, and just before it’s done (check with fork) splash 2 tablespoons of capers and 2 tablespoons of that caper juice over the chicken.
- When all is golden brown, remove the chicken to a warm serving plate.
- In the pan drippings, squeeze in two lemons and a shot of Cointreau. Mix all like crazy until it comes to a boil and then drizzle over the chicken.
Serve with a nice wide-noodle Alfredo and a jug of Carlo Rossi Paisano wine. Share, only under duress.
Stock futures are up 135 on “good inflation hype” which is taken to mean the Fed won’t begin tapering too early. Our quite contrarian view is this means in reality deflation is even worse than we thought. At some point, someone besides us will figure that out and conclude this is the Second Depression.
But, as long as we’re papering things over, what could go wrong? Besides the politics, bioweapons, and terrorists sneaking over the borders and into high office?
Write when you get rich (and full)