Can someone please explain to me who is running up the market? We’re pretty sure that rampant CV-19 in a country whose military was just embarrassed by an inept CiC, and which will scream through $30-trillion in federal debt shortly, isn’t something a sane person would go out and “invest in.”
Sure, gamble…aye, that’d be closer to it. But if it’s the rush of chance you’re looking for, forget the recent comments about Bitcoin being a bust in the long term. It was $47,432 when I looked earlier today. If you have a wallet and didn’t read Is Bitcoin a Good Investment? Billionaire Paulson Says Crypto ‘Worthless’ Bubble on Bloomberg, now’s your chance.
In the discussion on Peoplenomics tomorrow, we’ll be considering the balance between business models and the urge of people to “render.” In other words, people are natural, instinctive, tool creators and users. Rendering covers the spectrum from basic plowed fields and a mule all the way up to 3-micron chips from Taiwan.
Our own preference is to buy raw materials when cheap – and then do something useful with them. Take the price of lumber over here. Hasn’t been this cheap since last November. Key point being? Super cheap interest rates, high prices for finished homes, and now inexpensive materials (except the sheet goods which are a total rip are current levels).
Whether you’re just doing a casual deck replacement and maybe an additional greenhouse like us, or building your first foundation-up, now seems like a reasonable historical window.
Eye toward the environment, though: Split-framing with 2X3’s with a pegged air gap which is showing up in construction trade, offers better-than-ever thermal barriers in walls. R-31 sidewalls and R60 in ceilings below attics will pay for itself in energy savings over time.
Long-term, hard to beat sweat equity if you have the gumption for it.
China: Not Our Bioweapon
We don’t normally recommend the editorials in the Chinese state media Xinhua. However, their commentary on the latest U.S. CV-19 source report goes to something hinted at in Monday’s column here: What is that something else going on with Covid 19?
Predictably, the Chinese attack the U.S. report. But where it gets interesting is in how it alleges the disease broke out in places other than China in late 2019:
“Evidence is emerging that the COVID-19 outbreak is likely to have originated in multiple places around the world.
A study conducted by the Italian National Cancer Institute in Milan showed that some people in Italy had been infected with SARS-CoV-2, the virus that causes COVID-19, as early as September 2019.
Human sewage samples collected on Nov. 27, 2019 in Florianopolis, the capital of the Brazilian state of Santa Catarina, contained traces of COVID-19.
A number of people, mainly from the United States, have gone on social media to recount their experiences of COVID-19 infections in late 2019.
An article published by the journal Nature in early August reported that researchers of the U.S. Department of Agriculture have analyzed serum samples collected from white-tailed deer in northeastern United States, and found that of those samples collected in 2019, one was detected as carrying the virus-related antibody, indicating that it was infected with SARS-CoV-2 in 2019.”
While it’s beyond the scope of our modest one-person financial news and commentary website to fact-check, it is an interesting assertion. Which, if true, could lead to viewing CV-19 as a global bioterrorism attack. Not just a U.S.-backed gain of function project that ran-away in Wuhan. Chinese investigators are zeroed in on U.S. bioweapon labs, the UNC research, and more… All being dismissed out of hand by the U.S. of course…
NY Post vs. Biden
Another front-page editorial in the Post today: Joe Biden brings a dishonorable end to America’s longest war.
We will be keenly following reports out of Kabul from today on. Democrat ass-covering in D.C. can only keep a lid on this kind of incompetence for so long. Yes, voters will remember it in the 2022 elections, no doubt.
That South Tahoe fire is working its way north. Wildfire evacuees flood Lake Tahoe roads in rush to flee, reported the A.P. earlier. A lot of prime real estate going up in smoke.
Looking at the long-range forecast for Lake Tahoe? Out through the 14th of September, no rain forecast at Lake Tahoe Airport, so at least one “million acre fire” is in the works.
Wet Back East
Different problem on the east coast where the remnants of Tropical Storm Ida are breaking up – with rains from the top of Mississippi all the way up to southern Maine:
Out in the mid Atlantic, Tropical Storm Kate is due to head north and blow out well away from landfall.
Let’s Check Monetizations!
Checking the Climate Monetization (new industry): We could start with Climate change supercharged Hurricane Ida with warm, deep seawater, scientists say… Or, jump right to the corporate me-too’ing: AT&T launches Connected Climate Initiative to reduce carbon emissions. What is it the not-quite-famous news guy said? Everything’s a Business Model!
Next, let’s look in on Re-inventing Racism (RiR): Not at all surprised to see Teachers Rally Against Laws Aimed at Limiting Classroom Discussion of Racism. So-of counterbalanced by Who’s kidding who? Setting the record straight on the political ancestry of modern American racism…
Speaking of wrong-way teachers (pandering to leftist gender and race pressures) did you happen to notice what the up-and-coming country is doing to ensure their ability to kick our asses down the road? China Tightens Limits for Young Gamers and Bans School Night Play. (Let’s hear a chorus of “That’s child abuse!” from the left…) China’s set on producing winners. Not sure WTF we’re doing. But there is no “racist math” movement in China for GD Sure.
Want a side of the “Shame Game” with that? Pleasantly, some counterpoint in Stop Calling Me ‘White’ For Having the Wrong Opinions.
The Gender Industry is rolling along, too: In Scientific American no less Nonbinary Scientists Want Funding Agencies to Change How they Collect Gender Data. Changing definitions is what the left is quite expert at.
How about the other “New Industries in America?” Oh, you mean like the Bidenistas John Kerry singing harmony with Al Gore? China environment ministry says U.S. climate envoy Kerry invited to visit. In something other than left-wing controlled U.S. media though, did you see where Brazil President Bolsonaro Says Biden Govt Is Leftist, ‘Obsessed With Environment’ | World News reports US News? Gold star to US News for covering it.
You see, my friend, it’s always about the money. Own the communications channels like the lefties in Big Tech and you can control the money. Yes, we’ll go out on a limb here and tell you that the big move to control media outside of social is just beginning. Coming to an internet near you. Pay attention to Trump big tech suit lawyer predicts case headed to Supreme Court, says gov’t pressure made firms state actors. When liberals claim corporations can’t violate the Constitution, they are arguing against humans and their subjugations of humans. Sort of like being on the wrong side of slavery.
Meantime, the Offshoring to lower-cost labor centers brings to mind Jamaica’s Manufacturing Sector to Play Strong Role in Economic Recovery. Not the U.S.?
Off to grab more coffee before Housing data…
Write when you get rich,