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…