Ah…the excitement builds today on a couple of fronts. The first is whether the market will go into “Buy the Rumor, sell the News” when the Fed announcements come tomorrow. Or, whether the market will “Sell the Rumor, Buy the News.” (Or, maybe I just have to pee…)
We know the Big Game: The market took a knock-down in March of about 33%. But, since then, the Fed has jacked up the Money Supply by 31% – and like we’re not supposed to notice the difference out here in flyover country? Well, some of us do…
The low cal, high protein, low carb economic breakfast today is the Housing report out of Case Shiller – so click back about 8:15 AM Central for that and we’ll see how the futures prices react.
Later in the session, we get a consumer confidence number to digest. But “public attitude” information doesn’t matter much around here. We simply look at what’s on television, see who’s been making headlines, and who’s in office….well, you get the idea: Public is NUTS!
Trade Numbers Tomorrow
The difficulties with China are continuing to evolve. A check of the morning
“hot sheet” reveals several topics to keep on top of:
The first being a mailing of odd seeds from China: People in several states mailed unsolicited packets of seeds that may be from China, officials say, says USA Today.
We’re pondering what to do with what look like Tomato seeds, I [think] I ordered from Amazon months back…but are they legit? Not sure whether to handle and plant or not. Erring on the side of caution may be the best move, though.
Sino Seconds? Sure: Dueling spy houses (pretending to be consulates) on both sides leads to the predictably stupid headlines like US-China spats rattle world, prompting calls for unity. Calls for “unity”? My ass. Calls for national autonomy and sovereignty would make more sense. Unless you’re an appeaser/globalist government stooge, of course.
Sino Thirds? Why not… Where’s the U.S. pacifism gone? I’m seeing stories like “China’s Claims to the South China Sea Are Unlawful. Now What?” in places like the “grey lady” and that’s like more “war foreplay” to us.
Sino-Four: No change of status on the heavy rains in China, weakening dams and all that. Though the hype about a possible dam collapse continues as news media are looking for something more interesting that Sleepy Joe to write about.
Up and Coming
U.S. Attorney General Bill Barr will be speaking (we think pointlessly) to the “fools on the hill” in the House (or cards). He’s being questioned about the police use of force against black Americans. Bet you a buck that no one will ask about use of same police tactics on white America, though. They’re all making police tactics about race, not collecting suspects. Because that would just blow the whole “narrative.”
We think the Grandstander Party (dems) might try to make an issue of Barr being involved at some level in the use of federal forces in the “Insurrections and Uprisings” which are being p0romoted by the Marxists within BLM and Antifa.
Which is why we’ll keep a keen eye on the Barr testimony – he may let on about the (is it Soros-backed?) Insurrections and the use of Federal Forces.
We can just imagine Barr coming out and saying “There’s an organized rebellion against the U.S. government at work – largely online – but recruiting from the “pre-sold Trump Derangement Crowds.”
And there may be something too it. Because did you happen to notice to where “demonstrators” marched on the home of the head of the Department of Homeland Security this week?
Where the misnamed “leaders” of demonstrating “citizens” forget is that if you cross a state line to foment insurrection or denial of someone’s civil rights THEN you run afoul Uncle.
The lefties try to make it seem like law and order is a bad thing, but it isn’t. Unless, like me, you run around with a G19 strapped in your Gunfighters Inc Kenai on your chest… Trust me! Law and order is a lot more comfortable. Especially while writing a column or watching TV around the house.
Do the dim-witted followers of such rabble really think that’s progress? Buy plane trips for ’em to Venezuela to check out how it all ends.., Maybe some would return smarter. [Or, if not, drop ’em off over Cuba.]
Like I said, we’re waiting for Barr to lay out the battle lines. And yes, using the internet to coordinate uprising moves (or cell phones, too) crosses state lines, thus qualifies as interstate insurrection…OOPS!
For websites that have gleefully called for violence. Tisk, tisk. How stupid is that? Old journo’s know better. Read law, understand the Rules of Law. But the baby wannabes of today? Pahleeze…
In the Shorts
Too much of nothing? “YouTube has a bitcoin scam problem, too, lawsuit says.”
Inquiring consumers want to know: “Why CBD products are getting cheaper” One answer is most weed – if you just over-ripen from highest THC levels will drop down to more on the CBN side (body high, as opposed to head trip). Easy to just leave on before harvesting a bit longer till all the leaves….Wait! How would I know all this? Shit…must be channeling info, or something…
What does Monkeyhammered mean? Here’s your chance to see the word in use: Futures Slide As Gold Gets Monkeyhammered After Hitting $2,000. If you don’t care about the gold prices, click over here and you’ll find a monkeyhammer is really a kind of drop press.
The Jobs that WON’T Come Back: “Study Finds Nearly 50% of Businesses Around the World Will Increase Robotic Process Automation Adoption due to COVID-19.” What will 7.66 billion people do to remain amused? Why, start killing one-another, of course! But that’s getting ahead of the story…
Gosh, all this is soooo exciting, I’m going to the throne room to await the Housing Data…
Write when you get rich, bust out, or find gold.