In long wave economics, our main forte, we are in a lazy holding pattern. The market could continue on up, but to do so would require the recent highs of the past week be exceeded and we don’t see that at the open this morning with Dow futures down 25 and broader indicators saying it should open down 50 (or more).
We had the big decline in January-February, and ever since, we’ve been digging out of the hole. Still, as we advised subscribers to Peoplenomics Wednesday, now is a dandy time to wait for events rather than play in the middle of the financial freeway.
Which – other than mentioning this is index option expiration today, and we may see a move one way or the other tomorrow, so commercials can buy dinner, there’s little more than the Philadelphia Fed Business Outlook to talk about…
It looks like this:
The diffusion index for current general activity edged 1 point higher, from 22.3 in March to 23.2 this month (see Chart 1). Nearly 37 percent of the manufacturers reported increases in overall activity this month, while 14 percent reported decreases. The indexes for current new orders and shipments remained positive but fell 17 points and 9 points, respectively.
If that isn’t a clear enough picture, try this:
Meantime, when I updated our super-computer to the latest and greatest version of Windows 10, the opening screen was of a bunch of people on a bridge.
Gotta wonder if that is somehow predictive of what’s ahead?
Crooked Government, Leftist Crap
We were nearly shocked when The New Yorker this morning published and account of how ” A law-enforcement official released the documents after finding that additional suspicious transactions did not appear in a government database….”
This should make your hair stand on end. The lefties now figure they are above the law when comes to bashing Trump.
You see, it is not legal for anyone in government to just “on a whim because they’re worried” out confidential financial data.
We are, supposedly, a Nation of Laws and attendant to this are processes to protect privacy, and so forth.
Other than a Treasury Inspector General is on the war path and looking for the leaker, our fears continue to be that a) It will turn out to be one of the Deep Staters not-yet fired from the FBI and b) the whole sorry mess is being orchestrated by the Bolsheviks within ex-president Obama’s “Vichy government” which continues to orchestrate Trump obstruction.
Misleading the Public?
Let’s run through an example of news manipulation, thanks to a Washington Post story, fed, incidentally, to other publishers around the country. (It popped out of one of our news scans which included the SF Gate.)
If you just read the headline as an input, it smells like the base supports Mueller. But, that’s not the case. A recent Monmouth University poll this month says support for Mueller is declining: “While a majority of Americans (54%) support continuing the special counsel’s Russia probe, that support level is down slightly from 60% about two months ago.”
Now, to the WaPo story: It isn’t until you are well into the story that it is NOT about the “Trump base” at all. It’s a focus group which was led by a Democrat pollster.
Worse, Emory University which “sponsored” the Tuesday night deal in a suburb of Milwaukee, has allowed the same “focus group series” to be used against Trump for political ends, before.
Here’s how a similar bash late August was presented in the Emory Wheel: “Frustration with Trump Revealed in Focus Group by Emory.” The focus group leader was not identified as a democrat partisan pollster, only as an “…NBC News and Wall Street Journal pollster...”
Then, last fall, the Washington Post rolled out “The Daily 202: Trump voters have buyer’s remorse in North Carolina focus group.” Post readers were assured, however, that ” Hart is a Democrat, but he plays it very straight when he moderates these focus groups and never tries to tip the scales. ”
Now, though it is revealed that the conductor of the “focus groups” is “…a longtime Democratic pollster.”
See how things leak out, in dribs and drabs?
As an old man’s luck would have it, I’ve actually engineered focus groups and sadly, they can be led to whatever conclusion the client *ir group leader) wants. This can be done through selection of participants (weak-will, group-thinkers are easiest to move around issues) and the question structure can lead to a conclusion. Especially, if you know how to spot group thought leaders.
Not saying this was done, but when you see stories like “Emory University conducting a focus group.” look closely, and the odds seem good (currently 100%) there’s a democrat in there somewhere.
Remember this: If Trump isn’t booted out, we expect another “focus group” story in a few months, as it appears to be part of the regular “bash Trump” news cycle promoted by the Vichy Obamanistas.
One last thing: If you know any of the named participants, have them get hold of me. I’m dying to know how contextually accurate their quotes are….I know: Too much knowledge of news engineering, huh?
Our Own Focus Group
I just conducted a focus group here at the ranch this morning. Our headline results? “Texans don’t care about “Alyssa Milano: How I Came to Terms With My Anxiety Disorder.”
Time Magazine does. We have some ViseGrips we can lend ’em.
Monetizing the Dead
Say, bet you remember the Feb. 11, 2012 death of Whitney Houston, don’t you?
Well, now we spy “Whitney Houston was sexually abused during childhood, new documentary claims/”
Is there anything that isn’t being monetized, nowadays?
Land of the raving, home of a thousand genders…yessir, It’s just amazed people still want to come here. But that gets me to a great idea…
Instead of a Wall…
How about Trump publishes (in Spanish) simplified copies of the pension fund debacle being faced by America — explaining they will be on the hook for that when it comes due. Then, leave thousands of copies along the coyote trails crossing the border?
OK, back to greed now, kids…
Bentonville Versus Bezos
Results of the latest round? “Walmart’s U.S. e-commerce growth rebounds, shares rise/”
The battle of “barbarians at the mall” continues.
With the coffee gone (what was in it?) we are done for now. Moron the ‘morrow, then…