Sunday, August 09, 2020

  • Money is just not circulating all that well. So, talk of inflation is probably a bit premature.  Velocity of money 

  • YoY US Core consumer price inflation is currently at 1.2%

  • Great NEWS! (AP) — New Zealand on Sunday marked 100 days since it stamped out the spread of the coronavirus, a rare bright spot in a world that continues to be ravaged by the disease.

  • US Jobs grew 1.763 million, beating the consensus estimate of 1.6 million.  The unemployment rate at 10.2% is down from 11.1% in May.

  • According to Bloomberg US renters are having a bit of a problem. Some 27% missed their payment in July and some 34% have no confidence of being able to make the August payment. Loss of housing is similarly disruptive to both renters and owners on many dimensions.

  • Gold will top $3,000, says this firm, one of the first to call the gold bull market of the 20th century

  • Economist: Nvidia tries to get its hands on Arm

  • Smartphones that use a certain Qualcomm Inc. QCOM chip and run Alphabet Inc.'s GOOG Android operating system have hundreds of vulnerabilities that hackers can exploit to spy on users, according to cybersecurity company Check Point Software Technologies on Thursday.

  • Baker Hughes Rig Count: U.S. -4 to 247, Canada +2 to 47 U.S. Rig Count is down 687 rigs from last year's count of 934, with oil rigs down 588, gas rigs down 100, and miscellaneous rigs up 1 to 2.

  • Elon Digging? The machinery could suggest that the Boring Company is setting up to dig a tunnel connecting Los Angeles and Las Vegas,

  • Economist: Satellite images from Brazil’s National Space Agency revealed that there were 28% more fires in the Amazon this July compared with last year.

  • TIK Tok  The thing spreads faster than Covid-19: TikTok now has 800 million monthly active users around the globe. And it’s far more contagious: Just under half of U.S. teenage internet users have used TikTok. If it were a pathogen, it would be the Black Death. 

Quick Overview is up to date

Saturday, August 08, 2020

Lumber: looks like an all time high to me, at least since 1972 -  I have no idea if it was ever higher before. Must have a building boom going on - somewhere.
But where? Or perhaps it's all the paper towels that are being used 😏

Wednesday, August 05, 2020

The Real Estate Page is up to date, after some 3 years of neglect. Except Dow RE index & HGX index - these two should be up by next week - or so. Other neglected pages to follow...

Saturday, August 01, 2020

  • Apple (AAPL) is splitting its stock four for one - great for writing puts. Selling one $400 put will, after the split, only commit $10,000 versus $40,000. Bezos, are you paying attention?


  • Four out of the five members of the so-called FAANG group – Facebook, Amazon, Apple Netflix and Google – posted record-breaking earnings during the worst slump in a century.


  • Millions of unemployed Americans are about to lose $600 in additional weekly jobless benefits after the White House and Congress failed to reach an agreement to extend the supplement.

  • What are the expected economic effects if 30 million workers have their financial lifeline cut off? Any guesses? 
  • In addition, lots of people are going to be “very” disappointment if the much anticipated $1200 check is not forthcoming.


  • Consumer spending rose 5.6% last month after a record 8.5% jump in May as more businesses, that are now reclosing, had reopened. The two month surge in job gain may have stopped in July..


  • Bloomberg: The dollar's reign as the world's reserve currency is under threat, Goldman warned.


  • Starbucks: global same-store sales, fell 40% in Q3. However, customers while visiting less, they're placing bigger orders.


  • McDonald's is selling a stake in its Japan business and is accelerating U.S. restaurant closures it had planned earlier. Sales are also a bit on the weak side.


  • (Reuters) - With nearly seven months gone, an ambitious $36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but it’s looking like a big, big stretch. 


  • Cruising during worldwide pandemic: ICYMI: 4 crew members on Norway cruise ship hospitalized with COVID-19 after it arrived at port of Tromsoe on Friday; operator Hurtigruten says all crew members quarantined on ship and the 177 passengers, who had already disembarked, told to self-isolate


  • Kids under age 5 may carry a much higher coronavirus viral load than older children and adults: study 


  • Banning TikTok? Trump may not realize how unpopular this move will be with generally politically indifferent teenagers…

Thursday, July 30, 2020

The 32.9% annualized slump in GDP – equivalent to a quarterly fall of 9.5% – is the worst since records began in 1947

Monday, July 27, 2020

Sunday, July 26, 2020

Quick Overview is up to date
  • Initial U.S. Jobless claims increased to 1.42 million in the week ended July 18, up 109,000 from the prior week in a clear sign of a pause in the economic recovery.

  • After days of quarreling, the EU approved a 750 billion euro  ($870 billion) fund to combat effects of the pandemic and thereby raising hopes of more fiscally integrated block.

  • Treasury Secretary Mnuchin says that a stable U.S. dollar is the goal of the Trump administration.
  • Ray Dalio however says the U.S. is already endangering the dollars stability by being “our own worst enemy”.

  • Treasury’s Mnuchin is objecting to using taxpayer money to help taxpayers “We’re not going to use taxpayer money to pay people more to stay home”. Depressing economic effects coming up? The GOP is considering extending the extra unemployment benefits at a reduced level of $400 through December - $100 per week...

  • Bloomberg: Corporate insiders, who’s buying correctly signaled the bottom in March, are now mostly sellers. Almost 1,000 corporate executives and officers have unloaded shares of their own companies this month.

  • Insiders seem to have, um, ramped up their selling. What do they know??  

  • Judy Shelton, a gold bug, one of Trump’s economic advisor is getting support to join the FED from Louisiana Senator John Kennedy. Shelton is a conservative economist who has argued the nation would be better off returning to the gold standard. Back to the gold standard – remarkable. However, as just one of 19 interest-rate-setters at the Fed, her influence at the central bank would be limited.

  • Bloomberg Gold ETF holdings: looks like a new high - along with gold.

  • MotherJones: Trumpachieved a longstanding goal in weakening environmental protection: The administration significantly narrowed the 50-year-old National Environmental Policy Act (NEPA)…. This move is the latest in a litany of rollbacks.

  • Arctic Sea Ice is falling off a cliff

  • An alliance from various sectors that includes Microsoft, Nike, Starbucks and Unilever unveiled a plan called ‘Transform to Net Zero’ to help businesses globally achieve zero carbon emissions

  • People’s Daily China: By the end of 2020, the catering industry in China shall ban the use of plastic straws as the nation strides on with environmental protection ambition.

  • Twitter bans 7,000 QAnon accounts, limits 150,000 others as part of broad crackdown.

  • FT: 70% of Britons supported mandatory face masks.

  • The CDC says Corona Virus infections far exceed reported cases.

  • Florida becomes state with second-highest virus cases in US

  • Arizona, with 7 mil people is exceeding the EU’s 420 mill people death toll.

  • Following massive public outrage Sinclair will not air conspiracy theory suggesting Dr. Fauci created the coronavirus.

  • North Korean leader Kim Jong Un declares state of emergency after 1st apparent case of coronavirus. First? Really?

Wednesday, July 22, 2020

Tuesday, July 21, 2020

Gold, a bit closer to  an all time high...Is a black swan on the way??

Gold, moving right along...

But for a new all time high silver has a bit farther to go.

 Silver new high for the move.

The daily U.S. national death rate appears to be climbing again.

The FED has a new index that is quite interesting. Check it out!
use tabs to adjust time frame

Monday, July 20, 2020

Evidently not much eating out happening unless people are convinced that the pandemic is at least somewhat under control

Sunday, July 19, 2020

Covid-19 Death Per Million Population as of  7/19/2020
Belgium 845
U.K 667
Spain 608
Italy         580
Sweden 556
France 462
U.S.         432
Netherlands 358
Canada 232
Switzerland 227
Germany 109
Austria 79
Norway 47
Israel 44
Greece 19
Japan 8
S. Korea         6
Australia         5
New Zealand 4
China 3

Saturday, July 18, 2020

China's industrial capacity utilization rebound is quite impressive.

Quick Overview is up to date

  • Bloomberg : Almost 40,000 Robinhood accounts added shares of Tesla during a single four-hour span on Monday.

  • More than half of wealthy investors responding to a UBS survey said they were worried about staying liquid in another pandemic and that they may not have as much cash to pass along their heirs.

  • Singapore GDP QoQ - 41%

  • Axios:  UnitedHealth Group registered more than $6.6 billion in profits in the second quarter — by far the conglomerate's highest quarterly profit ever, according to an analysis of company financial data from FactSet. Why it matters.

  • Disney shuts Hong Kong Disneyland again as coronavirus cases rise.

  • UN reports global e-waste production soared beyond 53 million tonnes in 2019

  • If the numbers are correct  China’s economy has returned to growth

Wednesday, July 15, 2020