This morning features DDD – Decent Data Density and a chance for people to ponder whether typical pre-holiday optimism will show up. At the same time, the flood waters may be receding a bit as we’ve had our own adventures with rain here at the ranch. Making Up Money Dept. Let’s start with they data because … Read More
Another scorcher coming up here in East Texas. With all the hype and BS about “climate change” we should be in the middle of a desert by now. But, lo and behold, just two days of 100+ temps likely this summer – and that’s counting today. This is a first couple of weeks of August … Read More
To get “out of the Rat Race” you don’t have to “kill all the rats.” You just have to out-think them. We’ll run down the job cut data and more, in a sec. but it’s important to start with the big contexts and then gnaw our way toward the cheese. You see, most people don’t … Read More
There’s a very subtle shift going on in America right now: We’re slowly seeing the underpinnings of society under attack on the one hand (monetization of racism, Marxist-Digital Insurrection). But on the other, we’re seeing the hollowing-out of the modest residual purchasing power remaining in the “American Dollar.” In fact, if you Wiki “Federal Reserve … Read More
The Future is sometimes terribly easy to see. But, when you look at it square-on, it can be really ugly. As a result, faced with a declining set of prospects of achieve “health, wealth, and happiness” people turn their faces. Averting their gaze is what America is doing a lot of right now. Tomorrow, an … Read More
Pick a disaster…plenty to choose from…no crowding, social distance, please! And so begins another Thursday. Besides the Fed data on “jacking up the money supply” – after the close today – there is the small matter of the implosion of the once middle-class in ‘Merica, as revealed in the Wednesday consumer debt report. In it, … Read More
“Economists” call it “Modern Monetary Theory.” Wiki it and you’ll find the idea is dreadfully simple – make it up: “MMT argues that governments create new money by using fiscal policy. According to advocates, the primary risk once the economy reaches full employment is inflation, which can be addressed by gathering taxes to reduce purchasing … Read More
Breaking: Weekly Unemployment Data Just out from Labor: “In the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week’s revised level. The previous week’s level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease … Read More
My, what a grand time was had by all Thursday: The market cratered some 18-hundred odd points and narrowing missed the 7-percent time-out dinger going into the closing half-hour. We will go over a lot of the details in tomorrow’s Peoplenomics.com report, but the bottom line is that IF we rally this morning strongly until … Read More
Going to be ugly in the markets today: Seat-backs and tray tables to their upright and locked position. Seatbelts fastened tightly – it’s going to et bumpy. First time jobless claims were a little better than expected, but that’s not going to help much. Producer prices were up 4-10ths of a percent – too much … Read More
You are no doubt aware of how sucky the job market is lately. It’s only a ripple of worse to come, looks like. The monthly Jobs Cut report from Challenger, Gray & Christmas sounds totally dismal: Nearly 1M Cuts Due to COVID-19 This Year. “Job cuts announced by U.S.-based employers totaled 397,016 in May, down … Read More
The British market was about flat when we looked earlier. But the French and German markets were screaming ahead – up well over one percent. These print-crazed Globalists could tech Zimbabwe a thing or two, right? It may be Memorial Day here, but in other parts of the financial universe, it’as business and usual. … Read More
Holy shit! 84.5% Hyperinflation is here. The (not really) Federal Reserve’s latest H.6 Money Stocks report shows we’re right on track to “go Weimar.” Inflation of cash and equivalents going up at an annualized 84.5% annual rate and the broader M2 going up over 45% per year? There’s Good News Here: Well, such as it … Read More