Sunday 26 September 2021
"Did you know international food prices have increased by 47% since 2014? Find out why on #IMFBlog. " - Twitter. That price is so volatile, you can't tell anything from it. Food inflation appears to lag overall inflation due to mechanization, except in Africa where people stil farm by hand.
Saturday 25 September 2021
"So investing in China is a good idea? Here’s an invaluable nugget from @jasonzweigwsj. Since 8/31/92, that’s 1992, almost 30 years where the Chinese economy often grew 10% or more, MSCI China index earned 2.2% per year. MSCI Emerging did 7.8%. S&P 500 10.7%. Cheap or fool’s game?" - Twitter.
Friday 24 September 2021
Bearish Hedge Fund Manager: ‘Nothing Can Save Oil’ - OilPrice. World oil supply and demand, 1971-2020 - IEA. There has been an oversupply for a long time. Oil companies also produce gas. Coal power has been replaced by gas and diesel power generation. Demand goes down due to economic weakness. Electric cars charge mostly from fossil fuel power.
"China frees 2 jailed Canadians after the U.S. agrees to release a Huawei executive" - NY Times.
Thursday 23 September 2021
Bye-bye Lightning? EU to mandate universal mobile charging port - Techcentral. "The European Union aims to have a common charging port for mobile phones, tablets and headphones under a European Commission proposal presented on Thursday in a world first, with the move impacting iPhone maker Apple more than its rivals."
US weekly oil stock is declining.
Australia's Commonwealth Bank mocks Apple's 'pro-competition' claim - Reuters.
"Dry bulk shipping costs are hitting multi-year highs." - Twitter. The chart shows a similar spike in 2010. The market is inefficient.
Our Economy is a House of Cards that is about to Collapse - Youtube.
The simple investment rule is to buy low, sell high. The goal should always be to sell assets that are expensive, like US assets in US dollars, and buy underpriced assets in underpriced currencies.
Angelina Jolie & Brad Pitt Come ToAgreement Over $164 Million FrenchChateau After Battle - Hollywood Life.
Rachael Ray says her NYC apartment flooded during Hurricane Ida: 'Just literally melted' - USA Today.
Wednesday 22 September 2021
"JUST IN: Chinese property giant Evergrande has agreed a deal with bondholders that will enable it to avoid default. Chinese shares fell less than feared as Evergrande negotiates a coupon payment with bondholders." - Twitter.
'The endless "emergency". The ECB will "consider boosting its regular asset purchases once the pandemic-era emergency stimulus comes to an end".' - Twitter.
"Chart shows the structure of #equity #ownership in the U.S." - Twitter. "The rest of the world" contribution has grown the most. The performance of the stock market must be compared to inflation. The rise in asset prices leads to inflation. It could take decades for inflation to catch up with the stock market, during which time there is no real growth in the stock market. Compared to Switzerland's money supply, the Wilshire 5000 index has not reached the peak of 2000 (below). Relative to the average, the stock market is very high.
I Uncovered a Half-TRILLION DOLLAR FRAUD $$$ - Youtube.
The Federal Government increase in debt (red) exceeds the deficit, shown in reverse (blue). To that must be added money printed.
Idiot Immigrants Enter Country Legally - The Babylon Bee.
Tuesday 21 September 2021
U.S. seeks to double climate change aid for developing nations -Biden - Reuters. $11.4 billion is nothing spread amongst 7.9 billion people. Developing countries want free electricity.
From 9 Sep 2021: Chinese president presses corporate giants to be philanthropic - WSWS. All governments milk the private sector to pay for voter support. Most companies in the world are not attractive investments. China is no exception.
From 24 Jul 2021: China’s education crackdown: country’s new family law to ban for-profit home tutoring - SCMP. Who wants to invest in US education:
From 7 Jan 2020: "Creditors Seek to Push Education Corp. of America Into Bankruptcy" - WSJ.
From 6 Dec 2018: "For-Profit College Chain Closes, Shutting Out Nearly 20,000 Students" (ITT Technical Institutes) - NY Times.
From 4 May 2015: "Corinthian Bankruptcy Caps Biggest US Education Meltdown" - Bloomberg.
From 18 Aug 2018: Harvard Business School professor: Half of American colleges will be bankrupt in 10 to 15 years - Yahoo Finance.
There is some Google TV service with a confusing home page. When you click on "Get Google TV" it replies "We aren’t in your region yet". If you access the website through a VPN (Virtual Private Network) the charge is £59.99 for an unknown product of unknown duration.
Monday 20 September 2021
"ENERGY CRUNCH: China’s coal power plants are running short of the commodity. Domestic coal prices in China are at a record high. International coal prices are at a 13-year high, and rising fast toward the record high set in 2008" - Twitter. Coal is more precious than gold.
"When the real S&P 500 index is very extended from its exponential growth trend line, it can take a long time to recover from a bear market, despite the Fed's interventions" - Twitter. Unless interest rates increase to suppress the asset bubbles, the stock market reflects the coming inflation.
PASSWORD 1963-09-09 Giselle MacKenzie & Paul Anka - Youtube. "It is out of date, and I haven't even heard of it".
Sunday 19 September 2021
SpaceX: Inspiration4 amateur astronauts return to Earth after three days - BBC.
Saturday 18 September 2021
China defends tech crackdown in meeting with Wall Street chiefs - News24.
"BREAKING: I am absolutely stunned by what I’m witnessing right now. We are on a boat in the Rio Grande near the Del Rio international bridge and we are watching as masses of hundreds of migrants walk across the river from Mexico and stream into the US illegally. @FoxNews" - Twitter. Just like Wildebeest crossing a river.
Friday 17 September 2021
“The One” Mansion Sold for US$63.1 Million, After Defaulting on Debt - Luxuo. Why does the lender/bank sell it below the value of the loan? The home owner should have been able to sell it for more through an estate agent.
"Make sure that you own the 1.5% of all stocks that generate #wealth. The trick is being lucky enough to #pick which stocks will be THOSE stocks over the next 30-years. " - Twitter.
Inspiration4 crew taking in the view from the massive window in orbit - CNBC.
Steel prices in China (Trading Economics) are still near all time highs, which shows the low iron ore price is artificial and not likely to last.
China Steel Production (Trading Economics) up to July does not yet show a decline on a 10 year or 25 year chart, although the recent fall is unusual for this time of the year. Steel prices have shot up in the US. It could be because China is trying to bring down the iron ore price by limiting steel production. If countries slap high duties on Chinese imports for market manipulation, it could create opportunities for other steel manufacturers.
PASSWORD 1963-06-24 Betty White & Jack Paar - Youtube. Me marvellous. Newly wed Betty White at 41.
Thursday 16 September 2021
Colorado Has Sold More Than $1 Billion Of Cannabis So Far This Year - Talk Markets.
Record shattered: 65 container ships stuck waiting off California - Freight Waves.
Wednesday 15 September 2021
Live coverage: SpaceX's first-ever all-civilian Inspiration4 crew scheduled for 7 p.m. launch - Youtube.
The US Producer Price of Cold Rolled Steel Sheet (grey) has shot up from 200 to 632 for Aug. Also shown is the Global Iron Ore price (red):
Tuesday 14 September 2021
The Political Alchemy Called Modern Monetary Theory - Mises Institute. It revolves around governments deciding on the inflation rate.
Monday 13 September 2021
"Demand-> Supply. China is making a lot of metal (shipping) containers." - Twitter.
"Median home price in this week is $385,900. Settling in at 10% price gains for 2021" - Twitter.
Collapsing Prices In An Inflationary Environment - Talk Markets.
The world's biggest container ship, Ever Ace, continuing its maiden voyage, heading for Suez Canal soon - Business Insider SA.
Ireland fails to enforce EU law against Big Tech - FT.
Jennifer Aniston Says David Schwimmer Dating Rumors Were 'Bizarre': 'Really? That's My Brother!' - People.
I Visited One of Montauk's Hottest Hotels — and I Finally Understand the Hype - Travel + Leisure.
Sunday 12 September 2021
Scientists discover 26-foot-long dinosaur with shark-like teeth that ruled food chain before T. rex - Business Insider SA.
Fusion energy nears reality thanks to an ultra-powerful magnet - Engadget. That is 20 Tesla, compared to 1.5 Tesla for a standard MRI (Magnetic Resonance Imaging) machine. MRI machines of 3.0 to 10.5 Tesla have been developed for greater detail.
Global xEV Battery Market Doubles In July 2021 - InsideEVs.
Saturday 11 September 2021
Sky-High Faang Stocks Were Never Anything But Screaming Bargains - Bloomberg. By far the main reason a stock market goes up is inflation. Some stocks outperform, whilst most companies have low to no growth.
From 22 May 2021: "We are still in a stocks bull market. This S&P500 chart shows the alternating secular cycles." - Twitter.
Charlie Sheen, Denise Richards’ daughter makes shocking allegation - News.com.au.
"Nothing better than this will happen all summer" (Cricket) - Twitter.
Friday 10 September 2021
Inflation Will Win This Fight in a Knockout - Youtube.
China vehicle sales slid 18% in August - industry body - Reuters.
"In July, the US #CPI for food jumped 0.7% compared to June. Total CPI was up 0.5% month over month while core prices (excluding the volatile food and energy components) rose 0.3%." - Twitter. When people declare inflation with just on digit, you know it is fake. Why bother to make it more accurate.
White House officials consider probe into China’s industrial subsidies - FT. Subsidies are beneficial when a country has essential exports. It limits imports, strengthens the currency, and increase the price of those essential exports. Since China's currency is weak, they don't need subsidies.
Thursday 9 September 2021
French Supreme Court Charges Lafarge with "Crimes Against Humanity" For Funding ISIS In Syria - Zero Hedge.
Is running good for weight loss? - Live Science. The weight loss is greater than the energy burnt, because the abdominal motion speeds up the movement of food through the digestive tract. Sugar and other carbohydrates only make you fat if you consume fat.
Wednesday 8 September 2021
Total vehicle sales in India has declined since 2018/19 - Society of Indian Automobile Manufacturers.
Over 1,000 of Teck’s germ-killing copper patches installed on BC college campus - Mining.com.
Most expensive home in America defaults on $165 million in debt, heads for sale - CNBC.
Tuesday 7 September 2021
"The Dividend Yield on the S&P 500 moves down to its lowest level in 20 years: 1.28%. Not far from the all-time low of 1.10% in 2000. $SPX" - Twitter. The total return, consisting of growth and dividend yield (or share buybacks) must exceed inflation, which according to M2 money supply growth peaked at 27.6% in Feb this year, and is now down to 13.2%. To this must be added the increase in taxes, which takes away economic production, to hand out free services.
"YARDENI RESEARCH. We have been expecting that real GDP growth will slow to 3%-4% (saar) during the second half of this year from 6.3% and 6.6% during Q1 and Q2 Next year, we are predicting around 2.5% growth." - Twitter. That is not real growth. It is either delayed or underreported inflation.
"EXCLUSIVE: The Governor of Denmark’s central bank slams $BTC is "not a currency”, as it lacks all "intrinsic things about currency.” Lars Rohde emphasizes “if it looks like a bank, it should be treated like a bank” when dealing with currency. @nationalbanken" - Twitter.
"#Bitcoin PLUNGED 19% to a 24hr low of $42,921/BTC today. #BTC's volatility is an OBVIOUS reminder that it can never be a reliable unit of account, and thus can NEVER be used as a currency. BTC is nothing more than a highly speculative asset @nayibbukele's BTC law will doom ELSL." - Twitter.
Boris Johnson to set out R200 billion tax hike to fund social care - News24. The population pays for the free services through inflation. They are forced to spend less on other goods.
Mastercard agrees to buy Aiia to bolster its European open banking technology - Seeking Alpha. Maintaining the duopoly.
Monday 6 September 2021
Tesla (TSLA) could get over $1 billion in government funding for battery factory at Gigafactory Berlin - Electrek. Subsidies strengthen the currency. Exporters lose business. The economy becomes less efficient.
From 15 Aug 2021: Vitamin D supplementation to the older adult population in Germany has the cost-saving potential of preventing almost 30 000 cancer deaths per year - NIH.
Sunday 5 September 2021
“Debt Ceiling Farce 2021”: Treasury General Account Plunges. Let’s See How Close to Zero Congress Will Let it Get this Time - Wolf Street.
Saturday 4 September 2021
Desperate Money Printing Leads to Depression – Dr. Marc Faber - USA Watchdog.
"Beef is up 7x in price over the past twenty years." - Twitter.
GM EV Clowns - Next Big Future.
Komodo dragon, 2-in-5 shark species lurch towards extinction - Phys Org.
Friday 3 September 2021
Hyundai Motor set to use internally developed chip for upcoming car -media report - Reuters.
Japan’s PM Yoshihide Suga to resign after failing to control Covid outbreak - FT.
Tech workers bemoan China's crackdown on compulsory overtime - Reuters. Another "crackdown". In the US: "Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay. There is no limit in the Act on the number of hours employees aged 16 and older may work in any workweek." (DOL).
China will create a stock exchange in Beijing - CNN. According to US media, China wants to open another exchange so they can "crackdown" on the businesses.
Aluminum Prices Hit Fresh Decade High As China Pledges More Support For Ailing Economy - Talk Markets. "...after the Chinese government pledged more support to keep the economy from slumping". After the support, they want to "crackdown" on them.
City of Beijing Said to Seek Taking Didi Under State Control - Bloomberg. China needs the Didi transport for the big "crackdown".
Thursday 2 September 2021
Afghanistan: A Poster Child for Foreign-Aid Failure - Independent.
Is It Possible to Taper a Gargantuan Ponzi Scheme Bubble? - Youtube. Actual inflation has already been high for many years.
Walmart will give 565,000 employees a dollar raise, bringing average hourly wage to $16.40 - Seeking Alpha. US average wage is $25.83. The average wage in China is Y97,379/year /2405 hours /6.46 = $6.27/hr.
Privacy watchdog hits WhatsApp with R3.8-billion fine - Tech Central. The media carry on about the "crackdown" In China. In Ireland it is not a "crackdown".
Report: India may be next in line to mandate changes to Apple’s in-app payment rules - Techcrunch. Also no "crackdown".
Wednesday 1 September 2021
Home prices spiked 18% in July. Should you put off buying for the time being? - USA Today.
The Companies Specializing in Farm-to-Door Delivery Service - Modern Farmer. It has been possible for a long time to automate the distribution of food from farms to end users. The date of harvest should appear on fresh produce.
Raising wages isn’t enough to attract and keep workers, experts say - CNBC. Wage pressure is supposed to be the indicator of inflation, requiring rising interest rates. The pinciple still remains that a rise in asset prices create wealth without economic production. It can only be resolved by a collapse in asset prices, or inflation which eliminates the perceived wealth.
Tuesday 31 August 2021
These Images Show Just How Bad Hurricane Ida Hit Louisiana's Coastline - NPR.
China shuts American Chamber of Commerce in Chengdu, organisation says - Reuters.
Monday 30 August 2021
'Feckless, dementia-ridden': Martyred US soldier's mother slams Joe Biden - Hindustan Times.
EU takes US off safe travel list; backs travel restrictions - AP. Just one more reason not to travel.
Another Tesla reportedly using Autopilot hits a parked police car - CNN. The machines are practising for their conquering the planet.
Saturday 28 August 2021
Los Angeles Condo’s $13M Sale Sets Local Record - Los Angeles. ".... a two-bedroom, 2,681-square-foot unit (250㎡) — with an outdoor terrace that’s bigger than the condo’s interior ...."
How Affordable Is a Home in 2021? - Twitter. The increase in house prices relative to the inflation rate just shows how politicians lie about inflation, like they lie about everything else.
Friday 27 August 2021
"The S&P 500 is much more extended from its long-term exponential growth trend than in the past" - Twitter.
"This chart summaries current situation quite well ... ht" - Twitter.
"Supplier bottlenecks have been worse in the US than in Europe because the massive US fiscal stimulus (money printing by BIDEN administration=$5 Trillion and $4Trillion by the Fed been pumping up demand)." - Twitter. And probably the reason for the sky high shipping rates. Spend now, pay later through inflation.
"Kerry to Press China to Stop Financing Coal-Fired Energy Projects" - WSJ. (1) The global warming caused by the shift towards clean air will increase, (2) Coal mining is already a lot more profitable than gold. Countries that do not have natural gas or oil, can only use coal or nuclear as stable source of electricity.
Amazon-backed electric vehicle maker Rivian files to go public - CNBC.
EXCLUSIVE Microsoft warns thousands of cloud customers of exposed databases - Reuters.
Thursday 26 August 2021
This FRED chart compares the gold price (yellow) with US money supply growth as inflation proxy (red). Barrick Gold (GOLD) had a net profit margin of 18.5% in 2020. AngloGold Ashanti made 18.6% net profit for the 6m to June. The big mines are profitable at the moment. Some smaller mines are giving away at cost a precious metal revered for millennia.
Wednesday 25 August 2021
"Why the Infrastructure plan will fail? Because all government spending plans to artificially pump GDP do. From Japan's endless stimulus and Abenomics to the EU Growth & Jobs Plan, the Juncker Plan, the ghost cities in China... A trail of debt and malinvestment." - Twitter. Infrastructure needs to make the economy more efficient, and save the public more money over time than the cost of the infrastructure.
"No new houses under $200k" - Twitter.
Here's a Quick Check as to How the Fed's Balance Sheet Helps Spur Lending - Mishtalk.
Copper price rises as Chinese buyers come back to the market - Mining.com. Mineral demand grows. New mines are scarce.
Aluminum price near 3-year high after Jamaica refinery blaze - Mining.com.
Tuesday 24 August 2021
Brazil farmers remove dead coffee trees, some switching to grains - Reuters.
Western Digital Caught Bait-and-Switching Customers With Slow SSDs - ExtremeTech.
California’s Caldor fire burns 100,000 acres as it rips through small towns - The Guardian.
July floods in Germany and Belgium are well linked to global warming - Get To Text. The higher temperatures mean air holds more moisture, which is released as rain when the higher temperatures finally cause fires, which generate the smoke to seed the clouds. To lower the earth's temperature more smoke is required, like from coal-fired power plants.
This woman was doing yoga on the beach. Then, an iguana bit her. Viral video shows her reaction - India Today.
Match Game 78 (Episode 1338) (Audience Starts Applauding During Introduction) - Youtube. "Jo-Anne wants VD"
Monday 23 August 2021
The ECB is at the root of the Dutch affordable housing shortage - Brussels Report.
EXCLUSIVE EU considers help for rare earth magnet production - sources - Reuters. Politicians make the currency expensive through import restrictions, making imports even cheaper. Then they have to subsidise local businesses that can't compete with the cheap imports.
JD.Com (JD), China, Investor Home: Q2 revenue +26%, dEPS per ADS RMB0.50 compared to 10.46 last year, or non-GAAP RMB2.90 compared to 3.51 last year, price/earnings ~$63.78/~4xRMB2.90x$0.1543 ~36.
Sunday 22 August 2021
Central Banks Cannot Really Taper In This Slowdown - Dlacale.
The US economy and many others are dependent on debt growth. Real economic growth is when GDP (red) is above money supply as inflation proxy (green). After debt (blue) and money (green) shot up, Gross Domestic Product (red) shot up a year later. The economic growth created by debt will be reversed when the debt is repaid, or inflated away. Inflation (green) has been higher since the 2009 Great Recession, but is still exceeded by debt growth (blue).
The US is following the same path as many other countries. The government doesn't want raise interest rates, so they end up printing more and more money. This chart is US Federal Reserve Bank total assets. It is now $8.34 trillion, but is still far away from total debt of 84.56 trillion.
Thursday 19 August 2021
"Four stages of money: 1. Make money, 2. Save money, 3. Invest money, 4. Lose money" - Twitter. When real interest rates are negative, and the stock market has already shot up, investors can only lose money. Whenever the US stock market declines, the stock market of other countries also go down, and apparently money is returned to the US dollar, based on currency movements. Given the aforementioned, that makes no sense.
Biden's Appalling Mistake is a Watershed for the West - Gatestone Institute. The US failed to create indigenous security in 20 years of occupation. It invaded Iraq without provocation, and failed to protect the public from bombings.
Planes, guns, night-vision goggles: The Taliban's new U.S.-made war chest - Reuters.
These 5 new state laws move the US closer to clean energy - Electrek. The word "clean" could be the actual reason for global warming. The earth's temperature regulator requires smoke to seed the clouds for rain. Anything initiated by politicians are more likely to be a bad idea.
Lucille Ball's daughter raves about Nicole Kidman's performance as her mom in upcoming biopic - ABC News.
Wednesday 18 August 2021
Comcast and ViacomCBS join forces to launch a new streaming service in Europe - CNBC. Broadcasters think they choose content on behalf of viewers, rather than viewers having unlimited choice, like on Youtube. There are no barriers to entry on the internet.
Drone Delivery Is Live Today, And It’s 90% Cheaper Than Car-Based Services - Forbes. And the noise is 10x more irritating.
Tuesday 17 August 2021
Watchdog describes litany of US failures in Afghanistan mission - Aljazeera. Afghanistan is what happens when you put US politicians with no particular qualifications or experience in charge. The same politicians oversee the decline of their own civilization, and run up huge debt which future generations will have to pay for.
"Everything Ready To Burn" - High Winds Stoke California Wildfires Burning At Record Pace - Zero Hedge. The fires in the northern hemisphere seems to bring a lot of rain in the southern hemisphere.
China issues draft rules banning unfair competition online - Techcentral. Better privacy protection in a one-party state than in the US.
'JUST IN - New Zealand to enter nationwide lockdown after detecting 1st local case for 170 days: "Do not talk to your neighbors." ' Twitter. If everybody learnt sign laguage, they could keep their mouths shut. From 16 Aug: New Zealand's Ardern implores Taliban to uphold human rights - Reuters.
“We did it, Joe…we did it” - Twitter.
Biden should invite the Taliban to the Mardi Gras. They will have a swell time.
US retail sales is down in July, like Vehicle Sales below. The number is very volatile. The number of vehicles sold have increased little over 40 years. What would have gone up is the price.
Monday 16 August 2021
"North American steel prices continue to surge" - Twitter.
China economy under pressure as factory output, retail sales growth slow sharply - Reuters. It is just returning to the long term growth rate of 6% after unusually large growth - Trading Economics. World demand is proportional to debt growth. US debt growth was higher from Q2 2020 to Q1 2021 - FRED.
India's gold reserves have increased to nearly the same levels as 2012, after declining towards 2016 - Ceicdata. There is no sign yet of a new trend to hold more gold than in the past.
Tesla Autopilot is being investigated by NHTSA over 11 crashes involving first responder vehicles - Electrek.
Indian Farmers Are Producing Apples Where They Never Grew Before - Modern Farmer.
Trump calls for Biden to ‘resign in disgrace’ after Taliban take back Afghanistan - American Military News.
Photo shows a US Air Force cargo plane crammed with 640 Afghans trying to flee the Taliban - Business Insider SA.
The media shows footage of Afghans running alongside a plane taking off. It is not clear what these crazy people are trying to do. After 20 years of US occupation, there is a whole new generation that have not learnt to take responsibility for their own security. It seems more likely that older Afghans see the US as invaders, and the Taliban as freedom fighters.
Sunday 15 August 2021
"Good Morning from #Germany where #inflation pressures keep rising. Germany's wholesale prices jump 11.3% y/y in Jul vs +10.7% in June. This was the highest monthly annual rate of change since Oct1974 after the first oil crisis." - Twitter. If it falls to 0% politicians will call that transitory. The price increase would be permanent.
Type 1 diabetes prevented in mice by immune-cell-regulating peptide - New Atlas.
Saturday 14 August 2021
"The reason why the future of Apple is in the services segment more than the #smartphones shipped worldwide." - Twitter.
"Just read a fascinating New York Times piece that claimed I’ve reached my free article limit for the month." - Twitter.
"How Will the U.S. Pay for the $3.5 Trillion? Taxes, Mostly." - Barron's . This FRED chart shows US Federal Debt divided by Current Tax Receipts. The number of years required to pay back government debt is only increasing.
Friday 13 August 2021
Tesla's Musk hopes to make first cars at Berlin plant in Oct - Reuters. Car manufacturers often only built factories were they receive government subsidies. Taxpayers must cut back on their expenses so other people can buy expensive cars.
Pfizer, Moderna seen reaping billions from COVID-19 vaccine booster market - Reuters. Unlikely to be long lasting revenue.
Ship runs aground in northern Japan, splits in two - SMH.
Iron ore feels China squeeze as prices plummet - News.co.au.
China Imports of Iron Ores was much higher this year than previous years. A drop in imports and price is not surprising. Countries use more steel. The US government wants to spend money on infrastructure.
Thursday 12 August 2021
Walt Disney (DIS) results: Q2 revenue +45% (-16% over two years), shares +0.5%, dEPS $0.50 compared -$2.61 last year ($0.79 two years ago), or adjusted from $0.80 compared to $0.08 ($1.35 two years ago), latter price/earnings = $179.29/~4x$0.80 ~56, price/sales = $179.29/~4x$9.363 = 4.8, equity per share $50.12 compared $50.01 to last year.
"U.S. home prices rose the most on record in Q2, with the median price of existing single-family homes jumping 23% from a year earlier: study." - Twitter. If interest rates stay low, those increases will be permanent.
"Adidas jumps on news that is selling Reebok for $2.4 billion 16 years after it bought the brand for $3.1 billion. Good stuff." - Twitter.
Study reveals structure of receptor implicated in type 2 diabetes and more - Phys.org.
Kelly Clarkson Asks to Legally Restore Her Last Name Amid Brandon Blackstock Divorce - US Magazine. "Though the Voice coach still uses Clarkson professionally, she took the name Blackstock upon the couple’s marriage in 2013." Better than Blackbeard.
Wednesday 11 August 2021
"Incredibly strong demand" for today's $41 billion sale of 10-year Treasuries .... 10-year yields fell as it became clear there's still plenty of demand at these levels" - Twitter. That makes no sense. Why would you hold a currency with just 1.3% interest when money is being diluted by up to 28%?
As wealth shifts from the poor to the rich, the inflation basket should contain more of the luxury goods the rich buy, such as large houses. Not even high tier home prices in Los Angeles keep up with US money supply growth, those poor bastards.
US astronaut moon landing 'not feasible,' by 2024, NASA's inspector general finds - Live Science.
‘Friends’ stars Jennifer Aniston, David Schwimmer dating months after admitting ‘crush’ on each other: report - Yahoo. Things are going swimmingly. The Friends show was more of a soap opera than a sitcom.
Andy Cohen Is Skipping the Met Gala After Attending with Sarah Jessica Parker: 'My Date Is Filming' - People. "Currently, all attendees at The Met Gala on September 13 must provide proof of full vaccination and will also be expected to wear masks indoors except when eating or drinking".
The French Wine Industry is Having Its Worst Harvest in 50 Years - Modern Farmer.
Tuesday 10 August 2021
7 centuries of interest rates -- there’s a warning for investors in this chart - Market Watch.
The Senate Approves The $1 Trillion Bipartisan Infrastructure Bill In A Historic Vote - NPR. It just feels great to spend other people's money.
When the government spends money on infrastructure, and the users of that infrastructure doesn't pay for it, then the government is effectively taking money from the public which they could have spent on something else. Then the question is whether the infrastructure improves the standard of living more than what people would have spent their own money on. Secondly, taxpayers have no idea what the government uses their money for, and therefore not incentivized to work harder. When the public pays directly for infrastructure they see the benefit.
Australia’s iron ore price starts to feel China pressure - News.co.au. If the supply from Australia is purposely being restricted, the iron ore price should go up, not down.
China: Wuling Hong Guang MINI EV Cruises At 30,000 Sales A Month - Inside EVs. ".... price of about $4,700."
Monday 9 August 2021
"#China’s imports of #commodities still spectacular: iron ore imports are 88% above pre-pandemic trend, copper imports >35% above pre-pandemic trend" - Twitter.
"Peak Everything": We Just Had The Best Quarter In History And It's All Downhill From Here - Zero Hedge. Not necessarily. The US is following the same policy as Venezuela and Zimbabwe keep growing debt and money supply.
Federal Judge Sides With Norwegian Cruise Line To Require Vaccine Passports In Florida - Zero Hedge.
Some people are already seeing deflation mirages, because commodity prices are falling after they shot up. Since the price of commodities are priced in US dollars, and the dollar is being diluted by up to 28% per year, people are confused about the real price of commodities. An enormous amount of US debt must still be inflated away.
The copper price (orange) has been at 50% and 200% of US money supply (green) before, relative to the average on this chart. It is still cheap.
In 1978 Gene Rayburn picked up diseases in China - Youtube.
Sunday 8 August 2021
Bailiffs called in to at least 280,000 homes over council tax debt - The Guardian.
Saturday 7 August 2021
Team crafts roof truss that could help guide rebuilding of Paris cathedral - Catholic Review. Is this where student debt goes?
9/11 attack: Families of victims tell Pres Biden not to attend memorials unless he declassifies files - Nam News Network.
Lyft And Uber Prices Are High. Wait Times Are Long And Drivers Are Scarce - Wuft.org "Before she ordered the car, she was hit with sticker shock: the trip would be $150, or about half the price of her flight from New York.". The highest cost for bus services, is the driver. Taxis will necessarily be expensive.
'Where are we going to go?' Residents flee as fires reach Athens suburbs - VN Explorer. First pestilence, now fire.
Toyota convinced the auto industry quality is a must-have. Here’s how Elon Musk proved them wrong. - Business Hala. Judging by GM cars, American cars are still poor quality.
Friday 6 August 2021
Lucille Ball Was Afraid She Might Die During Iconic ‘I Love Lucy’ Moment - The Hollywood Reporter.
Disney Lawyer Calls Scarlett Johansson's Lawsuit a 'PR Campaign,' SAG-AFTRA President Slams the Studio - Just Jared. Suing your employer might limit your employment prospects in the future.
Who lends money to the US government at below 1% interest, when money supply grows at 11.8% (Jul) down from 27.6% (Feb)? When the enormous government debt either leads to higher taxes or more money printing, inflation will increase beyond money supply growth. US stockmarket investors are still riding the debt wave. The fact that money supply grows faster than debt means debt is gradually being written off by inflation. The rise in house prices and the stock market will become permanent, along with a weaker dollar.
Thursday 5 August 2021
This is Ingles Market (IMKTA) website:
Moderna (MRNA) Investors: Q2 revenue $4354M versus $67M last year, dEPS $6.46 verus -$0.31 last year, net profit margin 64%, price/earnings $417.34/~4x$6.46 = 16.1.
Opponents of the Construction of Tesla Giga Berlin Are Again Defeated in the Supreme Administrative Court - Tesmanian.
CNN Fires Three Employees for Coming Into the Office Unvaccinated - The Hollywood Reporter.
'Catastrophically destroyed': Dixie Fire wipes out California gold rush town of Greenville - USA Today. Symbolic of the destruction of money after the gold standard was abolished.
Wednesday 4 August 2021
Uber Technologies (UBER) Investor: Q2 revenue +75% or +105% on restated (+24% over two years), dEPS $0.58 versus -$1.02 loss last year, net profit margin 29%, price/earnings $41.81/~4x$0.58 ~18.
Extreme Heat Sparks Wildfires Across Southern Europe, Causing the Acropolis in Greece to Trim Its Hours - Travel + Leisure.
"This is #Starship and Super Heavy next to the Great Pyramid of Giza (and Starman on top) for scale! Image by @ds_courier" - Twitter. Elon Musk wants to visit the aliens who built the pyramids.
Tuesday 3 August 2021
Alibaba (BABA) Investor Relations: Q1 revenue +34%, dEPS per ADS RMB16.38 ($2.54) compared to RMB17.36 last year, or adjusted RMB16.60 ($2.57) compared to RMB14.82. The price/earnings ~ $196.50/~4x$2.57 ~19.
Lyft (LYFT) Investor Relations: Doesn't make a profit, and trades at a price/sales of $55.38/~4x$2.30 ~6.0.
Discovery Hits 18M Paying Streaming Subs, U.S. Ad Revenue Jumps 12 Percent - Hollywood Reporter. Subscribers also have to watch adverts.
Finally, a new bill calls for tax credits for integrated solar roofs - Electrek. Usually electric (PV) solar panels come with specifications which include efficiency. The traditional panels convert 15% to 20% of the sun's energy into electricity. The Tesla solar roofs do not provide the information, but it appears to be 5% (PV Magazine). That means up to 95% of the sun's energy is converted into heat. Unlike the questionable indirect heating by carbondioxide, solar panels heat up the earth directly. Which shows how absolutely incompetent politicians are.
Monday 2 August 2021
Australians Getting Ready To Overthrow Tyrannical Government—Wait, Nevermind, Seems They Gave Up All Their Guns - Babylon Bee. Australia needs a colony where they can send the convicts who break the curfew.
The antibody with a secret: Scientists uncover IgA antibodies' ability to fight malaria - MedicalXpress.
Tesla’s Chinese rivals Xpeng and Li Auto sell record cars in July as competition heats up in the world’s largest EV market - SCMP.
Western financial media try to generate content, resulting in speculators pushing share prices up and down:
From 27 Jul 2021: Will The VIE Structure Die? What Hong Kong And Alibaba Have In Common - Forbes.
From 10 April 2019: China’s New Foreign Investment Law does NOT Resuscitate VIEs - Harris Bricken. "Then in 2015, in China VIEs Are Dead. Done. Over. Stick A Fork In Them. we proclaimed China VIEs to be on their last legs".
From 4 March 2019: China: VIEs Alive and Well - China Law Insight.
From 6 May 2017: VIE-Like Structure Affirmed by Supreme People’s Court in China - Reid & Wise LLC. "Many well-known Chinese tech companies, such as Alibaba, Tencent, Youku, and Baidu, have all undergone successful IPOs overseas by using such VIE structure when the IPO market in China was bogged down by heavy regulations."
Sunday 1 August 2021
Sharon Stone says she's been 'threatened' with losing work over coronavirus vaccine insistence on set - Foxnews. '.... the "Basic Instinct" actress feels her work life is being threatened due to her insistence that the crew of an upcoming project she’s set to film in Atlanta be vaccinated'. That's funny.
Saturday 31 July 2021
California Parents Are Pulling Children From Public Schools - Zero Hedge. Children spend 12 years in school, and still don't know how to take part in die economy.
Friday 30 July 2021
New solar still uses a rotating cylinder to produce more potable water - New Atlas.
Amazon hit by record $887 million EU privacy fine - CNN.
Euro zone inflation rises above ECB target - Reuters. Government officials decided on an inflation rate of 2.2%, just slighty above the target of 2%, after M3 money growth of Jan to May: 11.87% 11.43% 9.24% 8.41% 7.48%.
Tesla Megapack caught on in fire at giant battery project in Australia - Electrek.
From 15 July 2021: Sweden faces "very serious" economic impacts as environmental ruling threatens cement plant - Dezeen. The country is already a basket case with the goverment having to print money to keep up with sosial benefits.
More than a dozen US states are under a heatwave alert - PopSci.
Records of cold in South America, snow in Brazil - Wild Chronicle.
US watchdog upholds SpaceX's Moon lander contract - Phys.org.
Thursday 29 July 2021
US real Gross Domestic Product increased 6.5% in Q2 - BEA. At that rate your standard of living would be 6.6x greater than you parents 30 years ago. If your parents had one average size house, you should have 3 houses, each twice the size. This economic growth figure does not take actual inflation into account.
Amazon (AMZN) Investor Relations: Q2 revenue +27%, dEPS $15.12 compared to $10.30 last year, net profit margin 6.9%, price/earnings = $3599.92/~4x$15.12 = 59, price/sales = $3599.92/~4x$220 = 4.1.
Nikola Founder Pleads Not Guilty, Freed on $100 Million Bail - Yahoo Finance.
Robinhood opens at $38 per share, falls 9% in first hour of trading - Yahoo Finance.
Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison - CNN.
Scarlett Johansson Files Lawsuit Against Disney Over ‘Black Widow’ Release - The Hollywood Reporter. Cinemas have been in decline for decades.
Wednesday 28 July 2021
Facebook (FB) Investor Relations: Q2 revenue +56%, dEPS $3.61 versus $1.80 last year, price/earnings = $373.28/(2.71 + 3.88 + 3.30 + 3.61) = 28, net profit margin =36%.
Another Fed Balance Sheet Record; Where’s the Exit Door? - Schiff Gold.
CDC Now Recommends Wearing A Seat Belt Even When You’re Outside The Car - Babylonbee.
This FRED chart shows total US debt relative to M2 money supply (blue), and Gross Domestic Product relative to M2 money supply (red). If money supply represents inflation, then the real economy (red) has declined since about 2000. When people borrow money to live on they are not producing, hence economic output declines (nominal GDP higher due to inflation, real GDP down). Since 2008 nominal debt increased, but is lower relative to money supply. It is possible that savers/lenders are losing the real value of their money to inflation.
Tuesday 27 July 2021
QUALCOMM (QCOM), Semiconductors. Investor Relations: Q3 revenue +65%, dEPS $1.77 versus $0.74 lasy tear, price/earnings = $142.44/(2.58 + 2.12 + 1.53 + 1.77) = 17.8.
Apple (AAPL) smartphones, Investor Relations Q3 revenue +36%, dEPS $1.30 compared to $0.65 last year, price/earnings $146.77/($0.73 + $1.70 + $1.40 +$1.30) = 29, net profit margin 27%.
'Via Mark Grant “Chinese government will not give US market regulators power to inspect financials of Chinese companies listed on US exchanges, to audit them for accuracy. There are at least 248 Chinese companies, listed on 3 major US exchanges, w/market capitalization of $2.1T.” ' - Twitter. This has been going on for some time:
From 12 Dec 2020: Congress clears bill to ban trading in Chinese firms that thwart U.S. auditors - Politico.
From 26 May 2020: U.S. Moves to Audit Chinese Firms. Market Frets Over What Comes Next. - WSJ. "Shares in major Chinese companies listed in the U.S. dropped sharply in the days after the Senate passage."
From 6 Jun 2019: U.S. must have access to U.S.-listed Chinese firms' audit documents, lawmakers say - Reuters.
Logitech International SA (LOGN.Switzerland) (Nasdaq: LOGI) Investor Relations: Q1 revenue +66%, dEPS $1.09 compared to $0.42 last year, price/earnings $115.27/($1.56 + $2.22 + $1.31 + $1.09) = 18.7, price/sales $115.27/$33.56 = 3.4, net profit margin = 18.4%.
Tokyo Records Highest Number Of Daily COVID-19 Cases Amid Olympics - Huffpost. "Tokyo is under its fourth state of emergency that will last through the Olympics and into the Paralympics next month."
‘Blokkeerschip’ komt eindelijk aan in Rotterdam, gedupeerden moeten betalen voor vertraging - AD.nl
Examples of countries trying to grow economies, by lowering interest rates, to increase debt. US total debt (blue) compared to Gross Domestic Product (red):
Japan debt (blue) compared to Gross Domestic Product (red):
China debt (blue) compared to Gross Domestic Product (red):
Monday 26 July 2021
Tesla (TSLA) Investor Relations Q2 revenue +98%, dEPS $1.02 compared to $0.10 last year, non-GAAP dEPS $1.45 compared to $0.44 last year. The non-GAAP price/earnings is $634.70/~4x$1.45 ~109, and price/sales is $634.70/~4x$10.686 ~14.8. The non-GAAP net profit margin is $1.45/$10.686 = 13.6%.
VA first federal agency to mandate COVID vaccines for all 115,000 medical workers - American Military News. The great thing about being a government official is that you are never charged for mistakes.
New rules have China private education firms bracing for a hit - Aljazeera. "The new regulations ban firms that teach school curricula from making a profit, raising capital or going public. Regulators also said no new licences will be granted."
Sunday 25 July 2021
"Food (Commodity) Prices #scary" - Twitter.
"Good Morning from #Germany, where the housing boom accelerates as Germans are buying real estate fearing rising inflation & rents. Europace House Price Index has risen in tandem w/ECB balance sheet to ever new ATHs. Jumped 1.9% in June. German House Price Index is now up 8.7%YTD." - Twitter.
Saturday 24 July 2021
""It’s never a bubble when everyone talks about it being a bubble." - Twitter.
Tear gas fired as protesters clash with police over antivirus curbs in Paris - SCMP.
The US stock market (red) compared to Germany (green), UK (blue) and China (purple).
Friday 23 July 2021
"Home Price Appreciation By Price Point" - Twitter.
'Pingdemic' Triggers Widespread Panic Hoarding At UK Supermarkets - Zero Hedge.
The share price of Didi Global (Nasdaq: DIDI), China ride hailing app, has now fallen to $8.35. The IPO price was $14.00. It listed 1 July. The first quarter profit was $0.76 annualized per American Depositary Shares (ADS). Sales per share for the first quarter was $6.19 annualized per ADS. The ADS price/sales is 1.35. Chinese stocks are cheap and operate in a vibrant growing economy, compared to the extremely expensive US stocks operating in an economy that needs 0% interest rates to survive on more debt.
Thursday 22 July 2021
Intel Corp (INTC), semiconductors. Investor Relations: Q2 revenue -0.5%, shares -4.7%, dEPS $1.24 compared to $1.19 last year, or non-GAAP $1.28, price/earnings = $55.96/~4x$1.24 ~11.3, price/sales = $55.96/~4x$4.087 ~2.9, net profit margin is 30%, dividend yield = 4x$0.35/$55.96 = 2.5%. The EPS growth due to share buybacks, and the dividends give a total return of 6.7%, at 0% revenue growth.
Twitter (TWTR) Investor Relations: Q2 revenue +74% (+42% over two years), dEPS $0.08, or adjusted dEPS -$0.35, price/earnings ~$69.57/~4x$0.08 ~217, price/sales = $69.57/~4x$1.369 ~12.7.
Snap (SNAP) Snapchat message application. Investor Relations: Q2 revenue +116%, dEPS -$0.10 loss compared to -$0.23 loss last year, or non-GAAP $0.10, non-GAAP price/earnings =$62.97/~4x$0.01 ~1570, price/sales = $62.97/~4x$0.584 ~27.
'The median existing-home price rose 23.4% in June from a year earlier, setting a record high.' - Twitter.
The FTC vows to 'root out' illegal repair restrictions on phones, fridges, tractors and more - CNN.
"So then we said give us another £54 million priti useless as an incentive scheme - and she did" - Twitter.
"When we say 'horse power'. This is a Belgian draft horse competing against a group of 18 strong men. And winning": Twitter.
Wednesday 21 July 2021
Japan and China Race to Faster Maglev Trains - Next Big Future.
Usually higher interest rates (red) are required to stop inflation (M3 money blue). Before 1990, it is clear that interest rates (red) went up to bring money supply growth (blue) down. In US and many other countries, the government refuses to raise interest rates. So the relevant question at the moment is whether inflation will continue. Since about 1998 savers have lost value to inflation, with money supply growth (blue) being higher than interest rates (red). The gap between the two is getting bigger.
Tuesday 20 July 2021
The Most Splendid Housing Bubbles in Canada: Why the Bank of Canada is Cutting QE - Wolf Street.
Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead - Reuters. Bubbles usually burst when interest rates rise to stop inflation. The same politicians who lie to the electorate every election, decide on the official inflation rate.
"Britain is to give France another £54 million to try to prevent migrant crossings. The number of French police officers patrolling northern beaches will be doubled, and more technology will be used to target the smugglers." - Twitter. The real reason for Brexit.
This is what a 100km high trip into space looks like relative to the size of the earth:
Monday 19 July 2021
The S&P 500 earnings forecasts for Q2 is 46.44 compared to 27.98 last year, and 41.31 two years ago. For Q3, it is 47.80 compared to 38.69 and 42.14 the previous two years - Yardeni.
Yardeni Research forecasts 2021 revenue +17.7% higher in 2021 than last year, and +13.1% higher than 2019. Earnings forecast for 2021 is +40% higher than last year, and +20% higher than 2019. The increased profit margin could be higher volume and/or higher prices. If volume declines, then inflation would be above 17.7% over last year.
EXCLUSIVE: J&J exploring putting talc liabilities into bankruptcy - Reuters.
Sunday 18 July 2021
"In the late 70s, rising house prices helped pump up CPI, pressurising Federal budgets. Hence, in 1983 the BLS switched to using Owner Equivalent Rent, which handily produced a lower and less volatile measure of CPI. Can you imagine where CPI would be now if we switched back?" - Twitter.
From 27 Dec 2019: Cat watching Tom and Jerry - Youtube.
Friday 16 July 2021
"The top 10% of #income #earners are holding a LOT of cash" - Twitter.
Biophysicists target mechanism that makes Zika virus so dangerous - Phys.org.
Thursday 15 July 2021
"What few people understand is that it's the low #inflation we've enjoyed since the 2008 financial crisis that was transitory. That transitory period of low inflation is over. The transition to high inflation is just getting started. It's about to get much worse. Get use to it." - Twitter. Debt eventually gets paid by printing money, and inflation.
At least 44 dead in floods in western Europe, dozens missing - Reuters. People like building homes next to rivers.
Oregon blaze threatens 2,000 homes as new wildfires erupt in western states - Reuters.
Success in Reversing Dementia in Mice and Human Clinical Trials in 2022 - Next Big Future.
Fermented vs. high-fiber diet microbiome study delivers surprising results - New Atlas.
Wednesday 14 July 2021
FRED chart of US Lumber prices from Jan 1926 to May 2021. The price increases in steps.
Monday 12 July 2021
"You can print as much money (M) as you wants and have no inflation (P) as long as the velocity of money (V) is not rising, like in Japan.
Remember M x V = P x T from high economic lessons?" Twitter. The most likely reason for the decline in velocity is that wages do not keep up with inflation, for example: Velocity (-3%) x Money (+6%) = Real growth (-3%) x Inflation (+6%).
Parts of the southern hemisphere is getting a lot of rain, perhaps the hot weather in the northern hemisphere picking up more moisture, and sending it south.
The interweb creates the impression that some billionaires flew into "space". This chart from Wikipedia shows the earth's gravity is only down by -3% at 100km. The reason for the weightlessness of the International Space Station (ISS) at 408km is that the centrifugal force due to the orbiting around the earth cancels out the gravitional pull.
Sunday 11 July 2021
Demonstrators in Havana protest shortages, rising prices - Politico. Government will have to print more money to pay for support.
Friday 9 July 2021
"PREDICTING THE MARKETS. The Fed's punch bowl doth runneth over. The Fed’s bond purchases have flooded the banking system with deposits while business loan demand has been weak because money is plentiful and cheap in the corporate bond market thanks to the…" - Twitter.
The Chinese stocks are not the ones that need to fall. The Hang Seng Index has a price/earnings ratio of 12.5 according to Bloomberg, compared to the S&P 500 of 45.9 according to Multpl. Unlike US stock markets that have shot up 3.3x, the Hang Seng is up 20% over 10 years.
Apple Cofounder Steve Wozniak Embraces "Right To Repair" Movement - Zero Hedge. Developers need small quantities from suppliers which mainly sell large quantities to manufacturers.
Tesla patent reveals Elon Musk’s ‘table salt’ lithium extraction process that could slash costs - Electrek.
Thursday 8 July 2021
Off-Patent Osteoporosis Drug Also Found to Extend Lifespan - NextBigFuture.
Wednesday 7 July 2021
1 big thing: S&P 500 index funds balloon - Axios.
The share price of Didi Global (Nasdaq: DIDI), China ride hailing app, has fallen to $11.60. The IPO price was $14.00. It listed 1 July. It made a loss the last 3 years. The number of issued shares is unclear. The prospectus says the IPO was for 316.8M American Depositary Shares (ADS). Four ADSs represent one Class A ordinary share. The outstanding A shares after the offer is 1083M, Morningstar says 4331M, which is the number of ADSs. The first quarter profit was $0.76 x 4 = $3.04 annualized, or $0.76 per ADS. Sales per share for the first quarter was $6.19 x 4 = $24.76 annualized, or $6.19 per ADS. The ADS price/sales is 1.87.
Another ride hailing service, Uber Technologies (UBER) has made a loss the last 5 years, and came close to breakeven the first quarter. The share price is $49.51 compared to first quarter sales of $1.56 x 4 = $6.24 annualized. The price/sales is 7.9. It is 4.2 times more expensive that Didi.
Whilst the northern hemisphere has heatwaves, from 1 July: "(1/2) South America Cold Spell: Historic low temperatures on 30 June in some areas of Bolivia and Paraguay.Some records broken: -Pozo Hondo -7.4C lowest temp. in June in Paraguay, -Nueva Asuncion -5.4C previous -5.0C 18-7-1975, -Base Aerea Jara -2.8C previous -1.4C 29-6-1996" - Twitter. On average the earth is at a comfortable temperature.
Trump Sues Jack Dorsey, Mark Zuckerberg, Sundar Pichai Over Social Media Censorship Of Conservatives - Zero Hedge.
Tuesday 6 July 2021
Twitter loses its legal protections in India following government order - Engadget.
"A big IRS is a BIG problem. President Biden’s plans to give the IRS an additional $40 billion — the equivalent of adding 87,000 new agents. A super-sized IRS should be frightening news to every American!" - Twitter. It is crucial for the ruling party to collect the voter bribe money to remain in power.
Suez Canal Deal Reached, Ever Given To Be Freed Wednesday - Talk Markets.
"Green madness. Electric cars belonging to the city of Paris. No one will buy them because of the cost of the replacement battery. Who will dispose of this junk, especially the batteries?" Twitter.
Monday 5 July 2021
"No bubble here" - Twitter. Goldman Sachs Non-Profitable Technology Index.
Luxembourg PM Xavier Bettel hospitalised after Covid-19 diagnosis - SCMP. "Premier tested positive after attending a summit with other European leaders".
"Watch as protestors in #Colombia recklessly topple a statue of Columbus. They call it patriotism, I call it unlawful property damage. Colombia ranks a sad 102/162 in @CatoInstitute ’s Rule of Law ranking." - Twitter. The country is called Columbia after Columbus. What they need is a statue of a banana.
Sunday 4 July 2021
In Alarming Escalation, Beijing Blocks Didi App From Stores Two Days After Blockbuster IPO - Zero Hedge.
Gasoline is up and GOP sees an easy target: Biden - Politico.
According this FRED chart, the price of gasoline (blue) is cheap relative to M2 money supply (red). Apparently the price is above $4 at some locations, whilst this chart shows $3.091 on 28 June.
Saturday 3 July 2021
"From today’s @ft editorial on the “ #housing challenge .” It’s amazing to think that, despite the stunning rate of house price appreciation and how this limits accessibility for the less well-off segments of society, the #Fed continues to buy $40 billion of mortgages each month." - Twitter. If the house price increases become permanent, it means overall inflation will eventually go up to the same extent.
Friday 2 July 2021
Tesla Vehicle Sales - CleanTechnica.
Thursday 1 July 2021
Hyper Zip Code Inflation - Palm Valley Capital.
Top Trump Org executive surrenders to prosecutors ahead of expected criminal indictment - CNN. Make taxes great again.
Richard Branson Announces Trip to Space, Ahead of Jeff Bezos - The Hollywood Reporter. "Virgin Galactic launches its rocket ship from an aircraft, reaching an altitude of roughly 55 miles (88 kilometers)."
EU's indebted states could ill afford yield surge, watchdog says - Reuters.
PepsiCo vows to cut soda sugar levels by 25% in EU by 2025 - Reuters. Coke flavour is presumably obtained from burnt sugar (caramel), thus the core ingredient.
This FRED chart compares the Wilshire 5000 stock market index (blue) with the annual increase in US total debt (red). There is 5:1 scale difference. The US economy needs more debt to keep going. Debt eventually leads to a weaker currency.
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