Independent thinking for complex markets and current events
by Chris Black Maybe it’s just me, but I think black people in the US don’t really understand the concept of stores, or the concept of ownership, i.e. they don’t understand that if someone owns something, it means they did something to acquire ownership. On a broader level, they lack a basic understanding of the …
via Mike Shedlock: BLS charts show interesting trends in real (inflation-adjusted) weekly earnings. Men are getting clobbered relative to women, but everyone is losing lately. Median real earnings from the BLS, inflation adjusted to the 1982-1984 CPI Index, chart by Mish. Median Weekly Real Earnings In the first quarter of 1979 men were making $408 …
If you don’t hold it, you don’t own it. h/t Simian_Stacker
Mitt Romney can’t even be normal talking about hot dogs. Why are so many politicians so super awkward? I just don’t get it. pic.twitter.com/kF0V1bFZL8 — Clay Travis (@ClayTravis) July 21, 2023 Still, this doesn’t inspire confidence: Sen. Mitt Romney one of lead negotiators on bill that determines U.S. response to a pandemic. h/t Glenn Reynolds
via Mike Shedlock Everything has gone right for homebuilders for a long time. How much better can things get? $SPHB S&P 500 Homebuilder Index courtesy of StockCharts.Com, annotations by Mish What Went Right? A hyperactive Fed with extremely loose monetary policy and repetitive rounds of QE until it finally ended on March 9th, 2022 the …
by confoundedinterest17 Biden’s massive spending spree (aka, Build Back Better) has a new name: Build Back Bankrupt! According to Epiq, Commercial Chapter 11 Filings Increased 68 Percent in the First Half of 2023. NEW YORK – July 03, 2023 — The 2,973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023 represented a …
The term “build back better” was first introduced to UN at the United Nations Economic and Social Council (ECOSOC) in July 2005 by former United States President Bill Clinton, the Secretary-General’s Special Envoy for Tsunami Recovery. https://en.wikipedia.org/wiki/Building_Back_Better#:~:text=The%20term%20%22build%20back%20better,Special%20Envoy%20for%20Tsunami%20Recovery. View post on imgur.com https://www.slideshare.net/kingmfai/build-back-better-meeting-3-5-jun-2010 h/t A Deplorable Neanderthal
This is called gaslighting. pic.twitter.com/LmyJatlxTH — STORM (stealer of memes)🇺🇸🍊 (@StealerStorm1) June 26, 2023 Biden spokeswoman Olivia Dalton: "The president's economic policies are incredibly popular!" pic.twitter.com/leM4PXBQ05 — RNC Research (@RNCResearch) June 27, 2023
Senator John Fetterman on the I-95 bridge collapse in Philadelphia: "I, uh, would just, um, really like to, you know — the 95, 95, 95. You know?" pic.twitter.com/QN84NhBmpS — RNC Research (@RNCResearch) June 16, 2023
After many years of working in the policy world, I have concluded that politics is at most 10% about making the world better and safer. The rest is at least 45% theater and 45% catering to special interest groups. Further evidence for my assessment comes from the recent grandstanding in the U.S. Senate on rail …
The absolute state of British police. pic.twitter.com/d3EcD7xdzr — Ian Miles Cheong (@ianmiles) June 1, 2023 Brawl taking place at a pub, innocent bystanders wait for the police to arrive only to see two women police officers turn up who then have to call and wait for male officers to assist. This is our reality 😂😂 …
How many times does a report have to come in better than expected before you adjust your models? pic.twitter.com/4S7Yb8dD2Q — Bespoke (@bespokeinvest) June 2, 2023 And here are the BLS revisions for the fake Q1 2023 data they released. Don't be surprised. The CPI data is fake also, massaged downwards to make inflation appear lower …