Yup: Trading account is smiling at us this morning in the wake of the Dow’s big 143-point gain yesterday, which we figure will be added-to today as futures are up 25’ish early, but more seems plausible before the close.
This could be the start of a smashing run to about August 21st, or so, but we shall see on that.
Nevertheless, our predicted “pre-holiday” rally was nice Wednesday and likely will continue to be so. The market will be open Monday, although on shortened hours, so trading in and out is possible, depending on how the news flow rolls.
All of which has what to do with Urban Survival?
Well, as one of my mentors (F. Gonzalez) “We don’t have any problems more revenue won’t fix!” Amen, brother.
I know this comes as a shocker to the erudite BS’ers of the web who place themselves on false pedestals (“we won’t be like THOSE profiteers, no sir…”) all the while promoting digital tulips (Bitcoin) as the road to the future economy.
Not so fast…
The Great Hesitation, as we’ve labeled it has BTC’s continuing in the “stuck mode” around $2,540 today. While our analysis shows a possible path to the $3,150 range around the time of our projected Stock Market High (August 21), we’ve always wondered what utility value is contained in used bytes promoted by the erudes?
GDP and Corporate Profits
Admitting our ideas of Urban Survival runs more to “something with room service” (rather than living in the park under cardboard with the anarchists), we tend to watch the subtle signs of economy rather than watch the Collapsing News Network (which we note is spewing again this morning…. Next they will blame Trump for the hot weather in Phoenix, lol).
Not that we aren’t totally sympathetic with the homeless, don’t misunderstand. The Reality is that people faced with even worse conditions than in ‘Merica – people I know from places like, oh, Sudan, for example – actually do something about it. Though in that instance direct action involved a 600-mile walk.
It is a conundrum of urban life that there’s always someone trying to be the local royalty – a topic we will get very deeply into in the upcoming Saturday Peoplenomics.com report.
But enough on background. GDP and Corporate Profits served-up by the Bureau of Economic Analysis is one way to start the morning briefing:
“Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter of 2017 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2016, real GDP increased 2.1 percent.
And on corporate profits?
“Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) decreased $48.4 billion in the first quarter, in contrast to an increase of $11.2 billion in the fourth quarter.
Profits of domestic financial corporations decreased $27.9 billion in the first quarter, in contrast to an increase of $26.5 billion in the fourth. Profits of domestic nonfinancial corporations decreased $11.1 billion, compared with a decrease of $60.4 billion. The rest-of-the-world component of profits
decreased $9.4 billion, in contrast to an increase of $45.1 billion. This measure is calculated as the difference between receipts from the rest of the world and payments to the rest of the world. In the first quarter, receipts increased $5.3 billion, and payments increased $14.7 billion…”
Again, we are drawn to observe how utterly stupid the anarchy/ change-artist promoters are: They rail against corporate profits while we buy up as much of ’em as we can afford.
Difference in upbringing, I suppose. One can chose to be victim-oriented or results-oriented most times. “It’s the hell served for breakfast that’s hard.”
Busy in the Trades
By the way, while the Social Critics have been busy distracting the National mindset with the anti-Trump effluent, something very interesting was noted by my buddy Gaye Levy of www.strategic-living.net in our weekly Skype call. I’ll paraphrase:
“You know we’re having some changes made to the house, right? Well the trades people tell us they haven’t seen so much activity literally since the Housing peak back in 2007-2008.”
Turns out, where she and SurvivalHubby live in the high mountains out West, people are scheduled out as much as a couple of months for things like concrete work. Not just framers, or plumbers….even landscapers are scheduled out a month in their area.
BTW, she’s back to writing articles like “Make Your Own Insect Repellent Using Essential Oils.” I just bite my tongue, as friends sometimes will, and don’t mention screen doors and bird shot works well enough out here in the Outback.
Speaking of bugs: Oilman2 has a great crop of lemon grass going around their farm down the road 40-miles…there are just so many ways to off mosquitos, but if you’re really urban, what’s a mosquito?
eau de Bash: Those Poor Illegals
I love seeing articles like this one: “ICE Director: No Illegal Immigrant should ‘Be Comfortable’.
Read the article’s depiction of a CNN reporter’s questioning and you’ll see why we increasingly refer to collapsing news networks.
By the way, you saw where Sarah Palin is suing the New York Times for defamation? Sarah Palin sues New York Times for defamation over link to Giffords shooting. I don’t think partial retractions will work, but it’s a YUGE PR win for Palin.
Meantime, we wonder about the Northeast Press’ mental acuity as we read in the NY Times how “Trump Interrupts Call to Compliment Female Reporter’s ‘Nice Smile’.”
Memo to the President: I think what the NY Times is after is equality. So please interrupt your next call to say something like “You know, you’re really ugly!”
Oh, wait, the Making Up News to their Revolutionary Agenda types would spin that into Trump Bullies the Ugly, or some-such. Ol’ Trump is in a no-win with the media jesters. Think what having a conversation with Don Rickles would be like…know what I mean?
This as congress now wants to talk to Trump’s one-time body guard now White House aide… I can hardly wait for them to call Melania…which I wouldn’t put past this mob.