America is delusional – but worse, the ailment has spread to our formerly respected news media. This come at an inconvenient time, too: Some 30,000 people are likely homeless from Hurricane Harvey.
Evidence (again) of our national breakdown came this morning as I hit Google’s search tools to find out a few things. As expected, there were about 9.6-million hits on the keyword “Harvey” under their “News” tab.
But the shocker was that a search for +Harvey +Trump turned up an amazing 3.56-million hits. Huh?
Reading through the bash-bucket of pseudo-news, some is indeed legit. But other stories were just attacks and hit pieces as should be evident to any thinking reader.
For example, the Washington Post headlined “Cost of cleaning up Harvey will bring new test of governance for Trump and the GOP.”
OK, that’s one way of looking at it (if your newspaper is owned by the titan online retail that is tearing up mall traffic numbers and there’s a president who has used the word “anti-trust” about e-tailing).
But how, exactly, is this a Trump problem? Trump didn’t make the idiot collection of do-nothing losers and deceivers – the Fools on the Hill – and they, in return, have failed to act like a “team.” It’s more like a mob riot at a soccer game.
Spending measures, as we all know, originate in the House of Representatives, then move on to be ratified by the Senate, and then spending the ear-marked money will become Trump’s problem.
But that’s a long way off. This morning, the story is rain.
Since we have some “skin in this game” – we’ll get about 7-8″ by the end of this episode – we look at things a little more sensibly than America’s new anti-Trump industry.
Need another example? Sure! How about Slate’s “Trump Plugs Book, Celebrates 2016 Election, Promotes Border Wall Amid Harvey Devastation.”
I read this fine piece of journalism scratching my head. OK, yet-another hit-piece, then.
Let me see: Promoting a book by a black sheriff is bad? Clarke doesn’t like Black Lives Matter and is willing to say so. Conservative black leaders don’t have free speech rights?
Then in what we’d take to be another direct Trump-bash, the Slate piece, rolling through Trump tweets complains what while Trump acknowledged it was a 500-year event.. “The president didn’t mention that people had already died.”
OK…How much content do you want the Prez to compress into tweet? He also didn’t tweet the rainfall total as Aransas Pass, either. GMAFB! GTFU – the body count belongs on the MSM.
Then the whining goes on: citing a tweet Trump would be going to Texas “soon” that didn’t seem fast enough. I don’t know if the writer of this “fine piece of journalism” knows shit from Shinola about moving the President around.
Take it from someone who’s “ridden the bus” (the national press corps bus if you need more coffee) that a President’s movements have to all be worked out in advance by the Secret Service. There is security – and while law enforcement is doing other stuff (like doing house-to-house searches, looking for victims, maintaining order in the heart of the disaster area, directing people to shelters…well, shit cowboy…I think Trump should visit. But for people in the disaster area (not in the NE liberal bubble) “soon” is good enough.
Besides, there is no “right” time for his visit. The New American Trump Bashing Industry (NATBI) will piss and moan if he’s too quick. I can hear that as “Trump’s trying to be a grandstander and showman disrupting vital blah, blah, blah.”
A second too late, though, and it will pivot to “President Trump’s lethargic response to the dire needs of these poor people who are homeless underscore how he’s a rich so-and-so blah, blah, blah…”
The guy can’t win. The NATBI is running the press which means the narrative. In a world where the Millennials consider in-depth reporting to be back-to-back tweets, well, we’re totally screwed as a nation…
Let’s call this news-impaired country what it is:
The World’s First Dumbocracy!
Next, this (fine journalism piece) attacked Trump for mentioning the border wall some 20-minutes later, which as any Twitter user knows is a couple of lifetimes.
I don’t know about you, but this lefty anti-Trump bias is bullshit of the highest order.
As our opening headline correctly reveals: This is about the rain, not Trump.
Berkeley’s Head-bashing Lefty Revolutionaries
You know: The one’s that can’t tolerate “free speech” unless it’s from one of their kin?
Even the Washington Post is admitting how “Black-clad antifa attack peaceful right wing demonstrators in Berkeley. Well, duh.
America’s left is trying to be the new German Reich – only arising from the Left this time. It’s all in keeping with this being the 1929 replay with the key actors trading places…
The fact is this Berkeley behavior proves again that “antifa” is really “myfa” – and like it, or not, the Trump statement on Charlottesville was correct. The idiot left is as guilty as the idiot right.
We now return you to the planet you left Friday – the one where 37 UrbanSurvivors still had brains, read more than a headline, and considered where things were going.
Fresh International Trade numbers are just out from Census:
“Advance International Trade in Goods The international trade deficit was $65.1 billion in July, up $1.1 billion from $64.0 billion in June. Exports of goods for July were $127.1 billion, $1.6 billion less than June exports. Imports of goods for July were $192.2 billion, $0.5 billion less than June imports.
Advance Wholesale Inventories Wholesale inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $601.2 billion, up 0.4 percent (±0.4 percent)* from June 2017, and were up 3.1 percent (±0.7 percent) from July 2016. The May 2017 to June 2017 percentage change was revised from up 0.7 percent (±0.4 percent) to up 0.6 percent (±0.4 percent).
Advance Retail Inventories Retail inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $619.6 billion, down 0.2 percent (±0.2 percent)* from June 2017, and were up 3.3 percent (±0.5 percent) from July 2016. The May 2017 to June 2017 percentage change was unrevised at up 0.6 percent (±0.2 percent).
We still expect a down week in the stock market, but then when it sinks in that Harvey will set off a surge in home building and other such recovery efforts, capitalism will flex its muscles and we should head back up in a week or three, or so it looks from here.
Tomorrow the S&P, Case Shiller, Corelogic (and the pizza guy) will be out with the monthly housing data. We expect it to be soft.
Curiously Watching Bitcoin
There is a chance that the top is in for Bitcoins, at least for a while. Last week, the SEC announced this:
SECURITIES EXCHANGE ACT OF 1934 Release No. 81474 / August 23, 2017
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Act of 1934 (the “Exchange Act”), of trading in the securities of First Bitcoin Capital Corp. (“BITCF”), a Canadian corporation, at 9:30 a.m. EDT on August 24, 2017, and terminating at 11:59 a.m. on September 7, 2017.
The Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure. This order was entered pursuant to Section 12(k) of the Exchange Act.
Moreover this morning BTCs were running about $4,314. We look at them as something of a proxy for the market blow-off, under the theory that BTC’s are this longwave economic cycle’s version of Tulips.
We are doing some chart work comparing the BTC run-up with the 1929 Dow and expect to have more on this Wednesday on the www.peoplenomics.com side of the house.
Latest check showed the Dow would open up 20 – right where our Peoplenomics model forecast Friday at the close….
Useless Time-Wasters & Distractions
Review: Mario + Rabbids Kingdom Battle Is a Gonzo Strategy Masterpiece. (I took the ViseGrips to apply them firmly to my left forearm as Time now seems to be in the video game promotion business…)
Yup, sounds like breakfast time to me…”Moron the morrow” then…