Ah, wonderful wash-out on Thursday, no?
I can almost imagine the conversation now (remember, this is fiction, right?):
- Some WH Idiot: “What we need is to have the masks stay on longer, Dr. Powell. So if you could think of something that would lows down the demasking so the whole CV-19 thing doesn’t look so much like a political disease…that’d be great….”
- A Fed Chair wanting to score points: “Sure, lemme see: How about I talk about how if masks come off and “normal” shows up too quickly, it could goose inflation?”
- Same WH Idiot: “Sounds good to us. We’re trying to keep people from recognizing how CV-19 “disappeared” with the Electoral College vote…that’s the main thing…
And so, verily, Jerome the Wonder Meister spoke. And in doing so let on that the Fed is gosh-awful worried about inflation.
Was Powell giving us an “honest truth leak” or was/is he on someone’s short leash? Until they finish offloading at a Mega Top?
Because America is in an abusive relationship with the Money Masters and One Percenters. Along the lines of “It feels sooo good when they stop….”
As we have written many times: when the prospect of low rates and cheap money disappears, so will the Stock bubble. Stocks will need to compete with bond yields. If those go up, then stock prices will falter. Stocks are floating on hopium doled out by the left-wing dominated press. Same people who don’t understand balance sheets and the Sword of Losses.
We can see (without a new all-time high quickly) what will happen between now and mid-May on the Present Track:
This was based on early prices this morning.
My consigliere, however, is HOPEFUL there will be a new all time high shortly. While we have a date in May circled, his work (and that of Steve (Stephen J.) Puetz – assuming you’ve read his book “The Unified Cycle Theory: How Cycles Dominate the Structure of the Universe and Influence Life on Earth.” $50 on the Zon.) points to my May targeting as not quite lining up with extra-planetary influences.
Which begs the REAL question of the era: Can runaway (insane) human greed and “something-for-nothingness” overpower more conventional planetary influencers of electrically misfiring humans?
The answer may be one of field magnitudes as described in the (Dr. Robert Becker and Gary Seldon) book “The Body Electric: Electromagnetism And The Foundation Of Life.
Economic “Capture Effect?”
There may be only a handful of readers who will track this, like Hank our retired broadcast engineer on the Big Island and William of the Radio Ranch down the road from the intel community in the woods, but might we see something like the “FM Capture Effect” rolled into economics?
Which is? Wiki’s as:
“In a radio receiver, the capture effect, or FM capture effect, is a phenomenon associated with FM reception in which only the stronger of two signals at, or near, the same frequency or channel will be demodulated.”
This was the central plot carrier (yes, pun intended) for a novel I never completed called “Dark Sky.”
The plot involved Capture Effect, cell phones, a bunch of leftover low-band microwave dishes and some goodies made by California Microwave. Before they became part of Grumman in 1999. Toss in some corn fields, remote (DTMF started) generators and a ransom which in the updated plotline to be paid with untraceable cryptos and you can see why Mr. Ure decided NOT to dump that one on the world. It would be too much like an “approach plate” to the Twin Towers.
Not like we’re the only ones who “get it.” Check what Extreme Tech wrote in “Hacking Satellites Is Surprisingly Simple – ExtremeTech 2019.” Which explains why we are signed up and in line for Starlink (LEO-based which means much harder to track). And besides, terrestrial fiber would keep working and what fun is hijacking a 600 ms. delay line, anyway?
In partial answer, back on the economics point, we can look at the after-Powell damage as well as asking “Would he have said anything?” if some (Idiot in the White House) didn’t reassure him that a great jobs report would be forthcoming to bury his foot-in-mouth/truth leak?
It’s worthy of a West Wing episode. Speaking of which, we have to wonder if they’re scouting nursing home locations?
The Jobs Report
Enough foreplay. Let’s roll with it!
Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic.
As always, the Truth is the total number of people working now compared with last year at the same time.
158,732,000 working in Feb. 2020. Just 150,239,000 working this year in Feb. 8-million fewer working. Stock market up 50%? Lord love a duck.
Do we mention the Labor Force disappeared 4-million people? And with loosening the border. Why, Hallelujah how does Slo Joe do it – and have time to cure Covid? It’s a miracle, I tell yah…
Then there are the number of (supposed) jobs estimated into existence by the CES Birth-Death Model:
131,000 jobs were estimated into existence. Chokingly, there were 43,000 new jobs in Leisure industry positions. Come on, GovStats…we call BS on hiring numbers like this. Disney closing facilities and you’re claiming new jobs already? Been hitting the Chrono-Synclastic Infundibulum sauce, have we? Sober and being able to tell time isn’t nearly as much fun, though. We’ll spot you that.
And Btc was around $47.860 when I looked.
How About Trade?
This is one when the chart goes UP it is a Bad Thing.
Means we are lazy, resource deprived, sold out by lying scum in Washington who have self-served themselves while selling out American autonomy and independence. But, what are you going to do, right?
— The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.2 billion in January, up $1.2 billion from $67.0 billion in December, revised.
Couple this with the collapse in Productivity Thursday and there’s no way to avoid a bad ending.
I like to think we’re not lazy or stupid as a country. But then I look at election results and crypto pricing and have to ask myself….
In the Shorts
(And who doesn’t think of their shorts on Friday, right?)
Humans don’t matter. Since Great apes at San Diego Zoo receive COVID-19 vaccine. Ahead of a lot of humans in S.D. County? AYFKM?
Is China learning from the Democrats? I mean Electoral College reform spew, right? Now we see China NPC: Beijing to overhaul Hong Kong electoral system. (Is political power play an exportable commodity?) Step right up! Who will stack their Courts first?
Collapse of New York. Remember when “Escape from New York” was just a movie? NYC sees 75% jump in February shootings; de Blasio insists: ‘We are the safest big city in America’. Toss in Gov. Two-Faced and who would want to stay?
Hey! Let’s go swimming! Florida snorkeler finds $1.5 million worth of cocaine.
And get ready to work harder and longer for less: “U.S. debt set to double over next 30 years, Congressional Budget Office says.”
Like Ure surprised, huh?
How much has the Fed jammed things up to staunch the financial bleed-out this week?
Dow futures were down only 18 with 40-minutes to the open.
If you see anything that looks rational, send it along. We’re starting to run light…
Write when you get rich,