Sunday 30 Apr 2023
"Drone show flight testing. Perfectly timed. Scary to consider these all being armed and released on a target ... with an artificial intelligence program making the targeting decisions" - Twitter. Politicians are ahead of the game, by destroying civilization wherever they find it.
Saturday 29 Apr 2023
"This is what catastrophic sea level rise actually looks like." - Twitter.
"The temperature on the moon at the Apollo 11 landing site was 200ºF (93ºC)" - Twitter.
Wednesday 26 Apr 2023
"I am seeing early signs of a bear market in housing prices." - Twitter.
Disney sues Florida Gov. Ron DeSantis, alleges political effort to hurt its business - CNBC.
"Netflix lost more than 1 million users in Spain after it cracked down on password sharing" - Twitter.
Monday 24 Apr 2023
Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts - CNBC.
EVs Fail To Meet EPA Estimates More Often Than Gas Cars: SAE Paper - InsideEVs.
Sunday 23 Apr 2023
Argentina plans to produce 200,000 tonnes of lithium by 2025 - Mining.
Saturday 22 Apr 2023
"Protesters in France are definitely the best in the world at this. They have gone next level and blocked the A69 highway with concrete blocks." - Twitter.
The average US house price to average hourly earnings is 2.4x higher than in 1964.
US continued claims rise during recessions (grey band), shown below on a log scale. There must have been a massive recession in 2020, but was not reported.
The product of total US debt and the federal funds effective rate, an indication of the cost of debt, has shot up $3.41 trillion:
The product of total US debt, and the 10 year government bond yield is also at a record high of $3.6 trillion. Interest rates were much higher in 1980, but debt was lower.
Relative to economic output it is not that high:
Friday 21 Apr 2023
Stock Market Briefing: The MegaCap-8 - Yardeni. The US stock market consists of a small group of expensive, high growth, large cap stocks (near monopolies), and the rest that are cheaper, but with low growth that doesn't beat inflation. Neither is attractive.
Chile plans to nationalize its vast lithium industry - Reuters.
Wednesday 19 Apr 2023
Biden rule will redistribute high-risk loan costs to homeowners with good credit - Fox News.
Tuesday 18 Apr 2023
"People are sleeping on the development of AI. “They are teaching the AI to lie.” @elonmusk" - Twitter. Artificial intelligence clearly has a biased opinion.
Monday 17 Apr 2023
"#Alphabet and #Google Chief Executive Officer Sundar Pichai said that the push to adopt artificial intelligence technology must be well-regulated to avoid potential harmful effects." - Twitter. Artificial intelligence has identified him as one of the humans who must be eliminated. Will Arnold Schwarzenegger join the resistance?
The Space Starship is due to be launched today, which would be the biggest rocket – Comparing the Size of The World’s Rockets, Past and Present - Visual Capitalist.
"The G7 boosted wind and solar capacity targets but stopped short of setting a deadline for coal use." - Twitter.
Germany has closed it nuclear power plants. In 2021 electricity sources were (Wikipedia):
- 46.8% fossil fuels, capacity utilization 30.3%.
- 20.4% wind, capacity utilization 20.3%
- 9.0% solar, capacity utilization 9.7%
- 11.7% nuclear, capacity utilization 92.1%
The large fossil fuel capacity is required as backup power for the intermittent wind and solar.
Countries invest their foreign reserves into a strong currency so as to retain the value of the money. To beat the US dollar, an alternative reserve currency must be stronger, that is, go down on this chart of the Euro (blue), Japanese Yen (red) and Chinese Yuan (green). The US dollar has strengthened over the last decade.
Friday 14 Apr 2023
First-quarter S&P 500 earnings seen down 4.8%-Refinitiv - Yahoo Finance.
Chat GPT Examples - 30 INSANE Things YOU Can do with AI RIGHT NOW! - Youtube.
Thursday 13 Apr 2023
Frito-Lay just made its first EV delivery in an eCascadia electric semitruck - Electrek.
Wednesday 12 Apr 2023
"Thanks Eric. Here’s my preferred recession indicator - Continuing Claims. Since unemployment claim is a legal filing (not a survey), it’s fairly accurate. All economic data get revised, but a 4-week average of this metric is rarely off by more than a few % so it’s very reliable.." - Twitter.
Tuesday 11 Apr 2023
This Tesla energy ecosystem home gives us a glimpse at the house of the future - Electrek. Die 20kW solar roof (efficiency 5%) and 15kW solar panels (efficiency 15%) produce heat of 20kW x 90%/5% = 360kW and 15kW x 80%/15% = 80kW. Unless the roof has very thick insulation, air conditioning is required to neutralize the heat from the solar roof. One house heats up the planet with 440kW.
.... How much rain is required to cool down the earth for this one house? The energy involved per year is 440kW x 7 hours x 300 days = 924,000kWh x 60 minutes x 60 seconds = 3,326,400,000kJ. The latent heat of vaporization for water is 2256kJ/kg. Thus it takes 1,474,000 litres of rain water per year.
.... Coppell, Texas receives an average 38 inches x 25.4mm = 0.965m of rain per year. If the plot size is 1000m2, then it receives 1000m3 rain per year = 1,000,000 litres per year.
US net corporate dividend payments relative to total debt, or money in circulation is back to the 1948-1969 period. Economic output is now around 60% smaller relative to money supply.
The Euro M3 money supply growth looks similar to the US dollar. Growth has slowed to 3.8% in Jan.
Monday 10 Apr 2023
"Apple’s global shipments of Macs plunged 40.5%, according to IDC, out-plunging with ease the other four of the big PC makers." - Twitter.
Sunday 9 Apr 2023
"A Federal Reserve Pivot Is Not Bullish" - Twitter.
US government current expenditure as percentage of the economy (blue) has mostly remained just above 20% for 50 years, yet government debt has risen from 30.6% of the economy in 1981, to 120% now. Limiting government spending is not sufficient to prevent a debt run up.
Friday 7 Apr 2023
"Commercial real estate suffered the worst month since the global financial crisis" - Twitter.
Many countries have increased debt over decades. How do they reduce debt? It can't be reduce by printing more money, since banks lend out the extra money, which increases debt. The only way to reduce debt is to cut government spending and raise interest rates. Germany's total debt (blue) remained the same since 2008, whilst gross domestic product (red) increased.
France has increased debt (blue) relative to gross domestic product (red):
Thursday 6 Apr 2023
Why The Dollar Still Beats The Euro And The Yuan - Talk Markets. The US dollar is strong because of exclusive exports and brands. China will need to improve the perceived quality of its brands.
Rowdy protests again hit France, but striker numbers dwindle - AP News.
The annual increase in total US debt (blue) compared to total wages (red). The debt is cumulative. Past debt is reduce by inflation, that is, as wages increase. Depending on the application of the debt, a big portion of wages might be paid for by increasing debt.
Tuesday 4 Apr 2023
"Thanks to Harvard University, you can now virtually enter the Great Pyramid of Giza in 3D and 360º " - Twitter.
Stocks Are Out, Cash Is In as a Credit Crunch Draws Near - Bloomberg. The credit crunch like Crunchie chocolate has a sweet golden centre. The gold price is close to new highs at $2022/ounce.
France To Disperse Migrants From Paris To Countryside Ahead Of Rugby World Cup & Olympics - Zero Hedge.
Monday 3 Apr 2023
"As promised" - Elon Musk, Twitter. The Twitter bird logo has been changed to a doge.
Sunday 2 Apr 2023
"The forward 12-month P/E ratio for $SPX of 17.8 is below the 5-year average (18.5) but above the 10-year average (17.3)." - Twitter. The earnings yield is 5.6%, only some of which is returned to shareholders as dividends or share buybacks, with little growth prospects.
Saturday 1 Apr 2023
Thousands protest in Portugal over housing crisis - Reuters.
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