Monday 29 November 2021
"Why I don't trust the US Dollar - Robert Kiyosaki Updates" - Twitter.
"Checkable deposits held by households now at absurd levels. Let us not forget that policy makers also plan on adding massive infrastructure spending on top of this." - Twitter.
Friday 26 November 2021
Beijing presses Didi to delist from U.S. over data security fears - sources - Reuters.
Asian stocks hit after new COVID variant also seen in Hong Kong - Nikkei Asia.
First 'robotaxis' enter service in Beijing - Tech Explore.
Trees found to reduce land surface area temperatures in cities up to 12°C - Phys.org.
Thursday 25 November 2021
"Spain's producer price inflation rose to an all-time high of 31.9 percent year-on-year in October 2021, from an upwardly revised 23.8 percent in the previous month. Keep printing" - Twitter.
"The Nasdaq 100 Index is off just 1.2% from its recent closing high. But only 53 of its components are above their own 100-day simple moving average. And that number is falling, which is a bearish divergence." - Twitter.
Wednesday 24 November 2021
"#Samsung spends big on #semiconductors! $SMSN is investing some $17b to build a chip plant in Texas, lured by tax incentives & the #Biden administration's support. Plus, @ChristineRomans says many economic indicators are flashing green this #Thanksgiving eve! " - Twitter. To be followed by overcapacity. The only thing flashing is US debt continuing to increase.
Oil Bulls Rejoice As Biden’s Supply Strategy Backfires - Oil Price. Just release the oil in the ground.
Canada 'extremely disappointed' with U.S. raising softwood lumber duty rate -minister - Oil Price.
"AT&T and Verizon say they'll roll out their new 5G service at temporarily reduced power in coming months to alleviate fears that the signals may interfere with the electronics of jetliners" - Twitter.
Barclays Lists Halliburton, Dick's, Ally as 2022 Earnings Winners - The Street. US stocks are extremely expensive.
Is Gap Stock Overvalued Or Undervalued? - Talk Markets. Nordstrom, Gap plunge with Street worried about rivals chipping away share - Reuters.
Gigi Hadid Goes Back to Blonde After Split from Zayn Malik: See Her New Look - People. That's one small step for hair, one gaint leap for mankind.
"QE was launched on this day in 2008. We were told it was a temporary expedient that could be easily unwound. In fact, in March 2010, Bernanke told Congress the Fed would get the balance sheet under $1-trillion! Its still going on & can't be unwound." - Twitter.
Tuesday 23 November 2021
"Brent from $85 to $78 on SPR rumor. From $78 to $82 on SPR fact" - Twitter.
Best Buy Crashes As Margins Slide Due To "Organized Retail Theft" - Zero Hedge.
Amazon and Apple handed $225 mln in Italian antitrust fines - Reuters.
New study reveals drinking coffee could lower the risk of Alzheimer's disease - Medical Express.
Monday 22 November 2021
"Margin debt in US equities has reached new high. Could the level of margin debt pose a risk to the bull market?" - Twitter.
Latest Treasury, Fed and BIS Reports Confirm: All Twisted Paths Lead to Gold - Gold Switzerland.
Saturday 20 November 2021
"They Want You to Be Poor" - Twitter. Governments keep the population poor by taxing those who are successful. Capital gains tax, for example, make it very difficult to beat the inflation governments create by printing money.
Astra Space Hits Orbit for First Time on Space Force Mission - The Street.
China fines tech giants for failing to report 43 old deals - Reuters.
Australian Open to require COVID-19 vaccines for all players, putting Novak Djokovic's status in question - USA Today.
Friday 19 November 2021
CVS to Close 900 Stores, Convert Others from Retail to Services, as Ecommerce Competitors Gobble up Pharmacy Revenues - Wolf Street.
Amazon wages secret war on Americans' privacy, documents show - Reuters.
First electric autonomous cargo ship launched in Norway - Tech Xplore.
Alibaba expects weakest year since N.Y. listing - Nikkei Asia.
"Worth noting that negative #real #rates have all revolved around some form of panic, crisis, or unrest. What, and when, will the next event be? h/t @ISABELNET_SA" - Twitter. And apparently recessions or depressions (grey band).
The pent-up demand due to lockdowns, and money growth in countries like the US, created a spike in personal spending and metal prices like iron ore and the platinum-group metals. So far, the iron ore price is only returning to the 2019 levels around $85. Everything points to a recession around 2016, when the iron ore price fell to $40. That was too low for mines, so the price quickly rose again. Some mines have now cut production. Countries want to spend money on infrastructure, which should support the iron ore price.
Thursday 18 November 2021
Investor Ackman says U.S. facing 'classic bubble' fueled by Fed's easy money policy - Yahoo Finance.
Ford plans to increase EV production to 600,000 vehicles by 2023 - CNBC.
Canada's high money supply growth (blue), but low official inflation (red) is not believable. In 2019, most people spent 29.3% on shelter (Statistics Canada). Residential Property Prices (green) have increased at a high rate for two decades.
Wednesday 17 November 2021
China’s Baidu wants to launch its driverless robotaxi service in 100 cities by 2030 - CNBC.
US Demand Deposits - Yardeni Research.
Amazon to stop accepting Visa's UK-issued credit cards over high fees - Reuters.
Australia's "National home values rose 21.6% in the 12 months to October" - Corelogic.
"Rivian is now the third most valuable carmaker on the planet." - Twitter. It is unlikely that a new car manufacturer will take a major share of the market from the biggest manufacturers.
In Response To Soaring Gas Prices, Biden Orders FTC To "Immediately" Probe "Illegal Conduct" By Oil & Gas Companies - Zero Hedge.
Off the grid: Chinese data law adds to global shipping disruption - Reuters.
US consumers go on a shopping spree with the money that is created, causing temporary shipping bottlenecks. Next comes inflation, which will force consumers to cut back on other spending. A population can only buy goods equal to what they produce. If production declines due to lockdowns and financial aid, then spending must decline.
Tuesday 16 November 2021
"Former Federal Reserve economist Stephen Roach sees only one way to contain inflation: immediate rate hikes. If the Fed doesn’t act, he warns rising prices could send shockwaves through the economy - (via @StephLandsman)" - Twitter.
From 4 Nov: ‘Black 2021’: Car sales plunge; US, China, Europe and India report decline - Hindustan Times.
From 10 Nov: China vehicle sales fall 9.4% in October - industry body - Reuters.
US Total Vehicle Sales (below up to October) will likely decline from the 2019 level, with or without a chip shortage. If interest rates rise, everything is going to fall. It happened to commodities in 2016. US vehicle sales did not decline in 2016, but levelled off.
Monday 15 November 2021
' "No risk". Fed assets vs S&P 500.' - Twitter.
"Is it a bull trap? The S&P 500 remains very concentrated in the five largest stocks" - Twitter. The majority of companies are not doing well. It is mostly the monopolies.
"inflation analysis from @BIS_org … if energy and motor vehicle prices in the U.S. and euro area had grown since March 2021 at their 2010-2019 average rate, y/y CPI would have been 2.8% & 1.3% lower, respectively" - Twitter. Long term inflation is caused by an increase in money supply, which has increased massively, and probably permanently. The bottleneck is the result of pent-up demand, which caused a spike in personal spending.
Diet trumps drugs for anti aging and good metabolic health - Medical Express.
Sunday 14 November 2021
Most Useless Megaprojects in the World - Youtube.
"Government is already too big and powerful as it is. The Build Back Better bill will only make it worse." - Twitter.
Glasgow Climate Pact agreed despite late change on coal use - Philippine news. Switzerland, a country that does not have coal wants to phase out coal. Switzerland's energy sources: "Petroleum and other fuels are the main sources of energy in Switzerland (50.6%), followed by electricity (25%), gas (13.5%) and wood (4.4%)." "Switzerland imports nearly half of its crude oil from Africa (39% Nigeria, 6% Libya, 1% Egypt); the remaining half comes from Mexico (18%), the United States (12%), Kazakhstan (8%) and other countries." "Electricity is mainly generated by hydropower (59.9%), nuclear power (33.5%) and conventional thermal power plants (2.3%, non-renewable)." (Switzerland Energy - Facts and Figure). The neutral Swiss are again displaying their self-centred character. We don't care about your wars or your energy sources.
The gobal coffee price has risen, but in the past did not last:
Saturday 13 November 2021
Too Big to Sail: How a Legal Revolution Clogged Our Ports - Big.
Central Banks Main Exit Plan is Massive Inflation - Youtube.
"The FOMC announced it is beginning to taper! But wait—what exactly is tapering? It means gradually reducing the pace of the Fed’s securities purchases. Our blog post explains" - Twitter. The chart didn't go down for long.
"The Fed added $1.3 trillion to its balance sheet this year and held rates @ 0% while inflation has risen to a 31-year high (6.2% YoY). 1/2 of the Fed's dual mandate (price stability) has been completely ignored, and they've lost all remaining credibility as inflation fighters." - Twitter. The only mandate is increasing the popularity of political parties, and lowering interest payments for government as debt increases. If you could decide what interest rate to pay on your debt, you would also choose 0%.
Inflation may pave way to recession: Peter Schiff - Fox Business.
Gold is set to rally the coming months, two experts say. The key level they’re watching - CNBC.
"What A Circus!" COP26 Climate Summit To Conclude With Plethora Of Hogwash Statements - Zero Hedge.
Argument over coal phase-out holds up UN climate conference deal - Reuters. These morons cause global warming with their clean air and solar power, but think they can set temperature limits.
US money supply (M3) is catching up with the gold price (yellow).
Friday 12 November 2021
This Startup Wants to Throw Satellites into Orbit With a Giant Centrifuge - ExtremeTech.
US Inflation more horrible than Washington admits - Asia Times.
"Germany Wholesale Prices: +15.2% YoY (highest since March 1974). Spain Inflation: +5.4% YoY (highest since 1992). South Korea Export Prices: +25.3% YoY (10th straight month of increases, highest since 2013)" - Twitter. And that is only the official inflation rate.
After a year of high US money supply growth (blue) in 2020, consumer spending (red) finally made a spike. When spending growth (red) is below money supply growth (blue) standard of living is probably declining due to inflation. When money supply (blue) didn't increase from 1992 to 1995, spending (red) did increase.
Britney Spears’ Conservatorship Is Over - The Hollywood Reporter.
Thursday 11 November 2021
Rivian R1T vs Tesla Cybertruck: Which electric truck is the one for you? - Tom's Guide.
Wednesday 10 November 2021
Walt Disney (DIS) results: year revenue +3.1% (-3.1% over two years), shares +1.2%, dEPS $1.11 compared -$1.57 last year ($6.64 two years ago), or adjusted $2.29 compared to $2.02, latter price/earnings = $174.45/$2.29 ~76, price/sales = $174.45/$36.84 = 4.7. The total return is far too low to beat US inflation. At zero revenue growth, the dividend yield must exceed inflation.
Rivian Has Biggest IPO Since Facebook, Stock Surges 52% In First Day of Trading - The Street. From 25 Oct: Rivian Has Built 56 R1Ts As Of October 22 Or Two Vehicles A Day - InsideEVs. At $100 per share, and 853M outstanding shares, the market cap is $85.3B. Tesla's (TSLA) last revenue was 4x$13,757M =$55B, and manufacturing capacity of 1 million without Berlin and Texas. Rivian has one factory with an annual capacity of 150,000.
Fatty acid found in palm oil linked to spread of cancer - The Guardian.
Feds ask 51-month sentence for Jake Angeli, who raided U.S. Capitol in fur horned hat - USA Today. To people outside the US, he is more recognisable than any member of the US Congress, with the possible exception of Pelosi. After serving his sentence, he should run for Congress. If successful, he could wear the same outfit.
President Biden: "I’m going to create good-paying union jobs. Not $12 an hour, not $15 an hour, but $45 an hour and up with good benefits, so you can raise a family on and build the middle class out." - Twitter. It is not the government's function to create jobs.
Tuesday 9 November 2021
GE Soars After Announcing Plan To Split Into 3 Separate Companies - Zero Hedge. The company was founded in 1886 or 1892. Their share price (BigCharts) had a exponential growth up to 2000, and then it followed US money velocity down. If the increase in money supply creates inflation only, then the velocity is the real economic output.
Monday 8 November 2021
Tom Steyer Takes Aim at Billionaires, Slams Crypto - The Street. 'The rich are not truly self-made but instead get their wealth through the help of "millions of poor people," hedge fund manager Tom Steyer argued recently'. Extreme wealth is the result of limited competition.
The United States Infrastructure Plan May Be Hugely Inflationary - Hedgeye. If the government takes money from people, and in return give them benefits that are worth more what they paid, it could be worthwhile. That seldom happens.
The Fallacy of S&P Overvaluation - Advisor Perspective. Stock market investments must beat inflation, the actual inflation rate, not the government version. The index consists of a majority of stocks with growth that is too low at low valuation, and the high growth stocks that are very expensive.
Electric car companies: Visualizing the race for EV dominance - Mining. Electric Vehicle sales were 2.65M for the first half of 2021 out of 30M total vehicle sales, which is 8.8%. The other 91% are waiting for a cheaper car.
Sunday 7 November 2021
"China Trade Surplus Hits Record Just As US Trade Deficit Rises To All-Time High" - Twitter.
Friday 5 November 2021
House passes Joe Biden’s $1.2tn bipartisan infrastructure bill - Financial Times. The poorest people will pay for it. Taxes and money printing creates inflation, which leaves less left over for personal spending. Government seldom spend money in a way that makes the economy more efficient, which would raise the standard of living.
Thursday 4 November 2021
Democrats' spending bill could give four weeks of paid leave to people without jobs - Fox Business. Just another bribe in exchange for voter support. What about people without family? Single people are already subsidizing the medical expenses of families.
Wednesday 3 November 2021
Zillow Torched $381 Million Overpaying for Houses. Spectacular. - Slate.
"House price growth in Vancouver’s suburbs over the past 12 months: Langley +33%, Abbotsford +38%, Surrey +33%, Maple Ridge +33%, Chilliwack +52%" - Twitter.
S&P 500 Sets New Record By Surging 37% During Biden's First Year As President - Zero Hedge. That implies nominal economic growth of 37%, because the revenue of all businesses cannot exceed economic growth, and the net profit margin is limited. If there is any real economic growth, it is wages not keeping up with inflation. Either the growth in stock market must reverse, or the stock market go sideways whilst inflation catches up. To allow such growth in the stock market is a sign of incompetence.
Alaska Airlines Is Eliminating All Plastic Water Bottles, Cups on Its Flights - Travel + Leisure. Cardboard has a plastic lining to make it waterproof, which makes it more difficult to recycle.
Tuesday 2 November 2021
Global methane deal signed by 105 countries but missing major emitters - FT. The first world countries that are the driving force behind clean energy, and which have replaced their coal fired power plants with natural gas power plants, now campaign against methane. Methane is the main ingredient in natural gas.
Avis Budget (CAR) yesterday reported third quarter revenue +9% higher than two years ago, and EPS $10.45 compared to $2.49 two years ago. It is the always the best quarter for the year. Looks like pent-up demand after a year of lockdowns.
The Avis Budget (CAR) share price shot up to $535 today, before falling to $352 in the afternoon. The share price collapsed to $6.35 during March last year. Speculators use the stock market for gambling. It is totally unsuitable for long term investment. Ride-hailing services like Uber took business away from car rental companies due to the high overheads of the latter. Any-one can offer Tesla car rentals.
Finland’s Green Building Revolution - IMF. Finland's economy stopped growing since 2006 (Trading Economics), which is when energy supply started to decline (IEA). It is not clear why CO2 emissions are down -25.47% since 1990 when they are burning the same oil + biofuels + natural gas + coal as in 1990. Nuclear energy increased.
Monday 1 November 2021
Daylight saving time is 'not helpful' and has 'no upsides,' experts say - USA Today.
Publishers Want To Make Ebooks More Expensive And Harder To Lend For Libraries; Ron Wyden And Anna Eshoo Have Questions - TechDirt.
Bikini Uniform Mandate For Women - Huffpost.
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