Friday by the Numbers:
BTC $37,526 at click-time. Dow futures +84, S&P +8. Lumber contract was down to $1,122 and that possible Elliott wave 3 down I keep mentioning becomes more evident. I expect lumber to drop through the $1,000 handle within a month. With no big economic news, though. Same-old.
Lying, cheating Fed hides M1, M2, M3 with temporal deceit cuz it’s such a joke. So sure, blow out early and hit the BBQ and brewskis today…
UPS package delivery driver’s convinced Climate Change has arrived in Texas. “I’ve noticed people switching from shots to beers...” as temps rose into the sticky-humid 90’s Thursday.
In fact, might as well say “Screw it” and take Monday off, too. Couple of minor bond auctions Monday, is all. Tuesday, the FOMC meeting begins and Wednesday will be the pee-dinger to be around sure and tune-in on.
Our consigliere’s dragging his trailer out to the woods of Ohio. We’re arguing over whether to trim then mow, or visa-versa. Buddy the Major is off to the wilds of Blewett Pass in Washington State. Setting up for ham radio Field Day 2021 which is two weeks out. Details are over here. For more, read the Rules in the Guide over here. Yes, this mention should qualify for the 100 point “media bonus” lol.
America Keeps on Truckin’
But the supply chain is shaky: Ships Skip Singapore as China Congestion Snarls Supply Chain. If it ain’t ships, it’s chips: Cadillac Escalade, Chevy Tahoe and GMC Yukon shed fuel-saving tech amid chip shortage.
My buddy Oilman2 doesn’t sound like a candidate to buy the up-scale Electric Ford pickup truck. Because, as he notes, $90,000 with only 300 miles of range and then an 8-hour recharge doesn’t exactly fit his lifestyle. That’s before the required quick-charger to hit the 8-hour mark.
Key Thing: is life-styles are changing on us. If we lived in the city, Elaine and I might not own a car in today’s “modern world.” Amazon Fresh, Uber and Lyft, plus in key cities Amazon’s 2-hour delivery really do move toward a “car optional” future. Especially if you live in a “lightly-mugged” city where you can walk four blocks to the store without being hospitalized.
Inflation is moving up, too. Suppose – as seems likely based on the acceleration in CPI reported Thursday – that the annual inflation rate jumps to 10% this year. (Thursday’s report annualized to just under 7.5%).
Given that $90,000 vehicles are being “pioneered” by outfits like Tesla and Ford, group ownership is a rising possibility. Not the time we’d run out and buy an auto tune-up shop. Even tires are being spec’ed by factories, so even that bastion of small business is under attack.
Thing is: “Group Ownership” is another way of saying socialist collectivism. That’s just ONE example of “Stalin the future of Freedom.”
Note to OM2: Check out Nissan Dealer Offers 99-Cent Lease on Leaf EV If You Buy a Titan. Keep the Titan for man-work and give OM2 Lite/Jr. (or Mrs. Oil) the EV for commuting to work. Just thinking out loud.
Bye-Bye Property Rights
Half-Past CHAZ? Those Marxist-socialists in Seattle seem bound and determined to kill property ownership rights in the former “jet city.” Seattle council votes to ban some school-year and post-pandemic evictions, guarantee lease renewals,, says the Times. Don’t look now, but we gotta call BS when government over-reach modifies contractual agreements without compensation. Clowns. Is this a cheap, full-employment for lawyers gambit?
Maybe the Elliott Bay Marxists are just angry about how in NYC New Buildings Lure Tenants With Free Rent which showed up in the New York Times.
Rent Your Life: VaxLaws
If you had told me five-years ago that “You’ll have to let the government test untrialed, unproven vaccines that might not even work OR you can’t go to school…” I’d have said you were nuts.
Today, you’d be the poster-child for the “new normal.” All University of Richmond students required to get COVID vaccine, university says. They are not alone. Idiocy spreads faster than disease these days thanks to media hype.
Even in the haughty South Bay, tech moguls who read The Merc are seeing stories like “Can my employer require me to get a COVID-19 vaccine? Ask the lawyer.” (Spoiler: Yes, but with caveats, which is several semesters in law school.)
Point is? Just like your home and property can be “taxed out from under you” or unconstitutionally seized via corrupted “eminent domain” laws, your rights to control and exercise total ownership your own BODY are being hemmed-in on the way to seizure.
To be sure, there’s been little push-back on the “Papiere, bitte” scam of population control under the guise of “public safety.”
Surprisingly, Pennsylvanians may not be crazy, after all. “Reporter Update: State Senate Passes Bill To Ban Vaccine Passports was reported by KDKA and picked up by Yahoo.
Texas beat them to it this week when governor Greg Abbott inked a state ban on vaxports.
Now Texas is leveling-up to fight the spreading insanity: Greg Abbott: Texas will build its own border barriers. We’d like to be the first couple in Texas to volunteer to pay an additional 1/2% in sales tax to fund it, if asked. Unlike the “free handout crowd” we’re cognizant that there’s no free lunch. Freedom always costs something.
Soft-headed Libtard Dept.
Some of my best friends are “democrats” but they are not libtards. The difference being an honest democrat can still “run the numbers.” The libtards can’t. They also can’t handle simple logic.
How impaired is that? The very fact that her Twit account still has 1.5-million stupes (and her account hasn’t been blocked) suggests HER freedom of speech is actually GREATER than a sitting President’s was.
We gotta call ’em like commonsense dictates: this is firebomb rhetoric to keep the ‘tards and rabble stirred-up. It’s all a monetization and bad for you. Two-bit revolutionaries are dangerous. But even worse? Low IQ voters. Long as I’m fired up, now…
Jeez…where to begin? OK, NY Post it is: Mainstream media ignores lewd Hunter Biden N-word texts to his lawyer. Can’t say for sure, but the “re-education camps” are for republican’s only now, aren’t they?
Screaming across the aisle: “Hunting Leaks, Trump Officials Seized Records of Democrats” Which we figure’s a little disingenuous (if not outright inaccurate reporting) since “Trump officials” were actually ‘Department of Justice’ lawyers looking for illegal leaks. But, let’s not let facts get in the way of fanning the dying embers of the TDS monetization, shall we?
Kah-Ching! Scoring democrats is pretty easy out on the screen porch in Texas. Given a choice, who would you prefer to have a burger and beer with: Jimmy Carter or Al Gore?
OK, trick question: Jimmy Carter left the presidency and devoted his life to working for people. Habitat for Humanity. Gore? “Gore pressed Biden to stick with climate plans as liberals fear White House is softening its agenda.”
Wonder why they’d “soften?” If you’re under 50, you likely don’t remember when the whole “climate thing” was in the media birth canal how New York’s Wall (and Battery) streets would be “under water by 2020.” The climate crowd has been so wrong for so long it boggles the mind that business models scamming it persist.
When “warming” didn’t show up, they did a complicit media sleight-of-hand and plugged in “Change” in place of warming. Anything to keep the histrionics wound-up. Money from the sheep! That’s ewe.
What’s worse, when climate change reveals itself to be merely the weather, when it rains or storms, that’s taken by the drooler & dribbler class as “proof” of climate change.
Yes: there is climate change. Run-off from the North American ice sheet dug the ditch for Grand Coulee Dam. No argument. Will it extinguish all Life on earth first?
The climate goons really ought to be applauding CV19. Because if/when the killer variant (bioweap2) comes along – or if mRNA does create zombies five years out – it reduces pollution. And THAT? Saves the planet!
See how there is balance in all things?
Besides, if climate were really in danger of going hot, a dozen H-bombs over the oceans and we can play “dial a nuclear winter.” How stupid do people have to be? Wait. They elected the Biden – Harris ticket. I withdraw the question.
CV-19 Heart Issues
On the agenda for CDC’s meeting a week from today: 11:30 AM Coronavirus Disease 2019 (COVID-19) Vaccines: Update on COVID-19 vaccine safety, including myocarditis after mRNA vaccines. “Takes a pricking and might stop ticking?” (With apologies to John Cameron Swayze.)
From the “Old Reporters Notebook” here, a word about headlines and thre word “Emergency.” Some media (clickwars for ad revs) are using the term “Emergency Meeting” to describe next week’s CDC discussion.
Medicine – at the bureaucrat level – knows nothing about Emergencies. Ask a cop what’s an emergency (“active shooter situation reported“) or a fireman (“fully involved apartment building, third alarm“) or a pilot (“aircraft taxied onto the runway, going around“) or EMT (“I can’t get a pulse…clear!“) and you’ll sense what “In the event of an actual Emergency” is all about.
Hard to take the CV-19 people seriously when “We’ll get to it next week...” is played as an “emergency.” Just saying to half-grown reporters ” Don’t bullshit a bullshitter.”
Slow Road to Joe
We’re pretty sure that over the weekend, Joe Biden will find some way to throw-in with the G7 Eurocrats and sell America (further) down the road.
Vaxports are one possibility, more under-vetted immigrants is another. Close as we can figure it, Biden’s crew has moved to lying about lying about lying on border stats. Easy to talk shit and hypotheticals, of course, when you live in a white house 1,811 miles from McAllen, Texas. From the San Ysidro crossing in SoCal, it’s 2,682 miles to Joe’s place or the Pelosi House.
Trade deals that screw ‘Merican companies? Sure, that’s a strong possibility, too. Going full neocon in Ukraine and eastern Europe’s gotta be on the watch list, as well.
For now, thankfully, the most exciting media copy coming from the Road Slow is Swiss Detail Extra Security Measures for Biden-Putin Summit .
Friday optimism is just running rampant, ain’t it? Here’s how we’re betting the Global Thermonuclear War Trifecta today:
In the Ukraine standoff: Putin Warns Ukraine on NATO Ambitions After Biden-Zelenskiy Call.
Bibi is bye-bye Sunday. While Israeli parliament to vote Sunday on new governing coalition that would oust Netanyahu, we might see a last-ditch move to strike Iran on some pretext, or other.
Iranian Warship in the Atlantic which leads to speculation “Iranian Warship Could Be Bringing Millions of Gallons of Fuel to Venezuela.”
Taiwan is also simmering, but to clarify my consigliere’s view: Now looks like the Mainland won’t try to grab Taiwan until after the China winter games early 2022, so we can relax a bit. Still, though China tests ‘carrier killer’ after threatening US over Taiwan contacts. China’s also gotten pissy with Japan for calling the ROC a “country.” Whah, whah, whah…whiners.
Well, there Ure has it.
A fine way to wrap up the week, getting my Friday column done super early so I can get chores around here done.
Charts on Peoplenomics tomorrow and may have a first pass through “Packing to Die: The Suitcase Between Your Ears” ready for PN next Wednesday.
BBQ’ing a roast this afternoon.
Bronc Mower riding between now and then. After which comes the Big Decision of the Week: PBR or Rolling Rock?
We count our blessings every day in our 70’s. Why even CV-19 is a blessing: The no-contact thermometer allows us to serve exactly 31.2 degree beer.
Write when you get rich,