Dip buyers have gone away

Robinhood Popularity Plunges, JPMorgan Warns Shares Could Drop 20% By Year End

The federal court system is a jammed up mess

Justice Samuel Alito says Supreme Court is not a 'dangerous cabal'

Jammed up and worthless, mostly the result of idiotic and contradictory ruling by the Supremes.

Will the central banks stop prosperity exclusivity?

Will the Federal Reserve Support Inclusive Prosperity?

The Fed collects about 1.5% to 2% in banking fees from the middle class to support their 100 billion a year remits to Congress. Lael Brainard seems fairly ignorant about the problem, and I doubt the large annual Treasury remits will make up for the problem.  

Whatever she is thinking, it is likely to make matters worse.

Did someone say bear market?

 September was a complete loss. Maybe this is early taper tantrum?

California needs four or five years to recover

 

Notice that California spent half of the expansion recovering from the last crash.

Recovery back to six points of unemployment is not yet in the works. The rate of decline has leveled.

Petro dollar barely hanging on

The crossover points are slowly rising as inflation hit Texas.

It is a knife edge, and if the system breaks all hell breaks loose.

Mostly bad econ advice killed the whole mess

Democrat infighting could doom Biden's twin $4.7 trillion spending plans

Watching the whole fiasco I especially noted the useless macro economists yapping at us.  That was the first signal.

Taper scared the crap out of Congress:

WASHINGTON (AP) — Congress is moving to avert one crisis while putting off another with the Senate poised to approve legislation that would fund the federal government into early December.

The House is expected to approve the measure following the Senate vote Thursday, preventing a partial government shutdown when the new fiscal year begins Friday.

Democrats were forced to remove a suspension of the federal government’s borrowing limit from the bill at the insistence of Republicans. If the debt limit isn’t raised by Oct. 18, the country would likely face a financial crisis and economic recession, says Treasury Secretary Janet Yellen. Republicans say Democrats have the votes to raise the debt ceiling on their own, and Republican leader Mitch McConnell is insisting that they do so.

So there went my four figure check.  Also, Powell is forced to follow through on taper. And AOC,  my favorite leftist, learned a lesson in American government.  

Have Joe end us all another four figure check

Schumer, Pelosi toil to ease cross-Capitol rifts over Biden agenda

And we will enshrine his legacy.

Make stuff so we won't notice that Trump is a dumbass

Now Election Deniers Are Circulating A Fake Arizona Audit Report To Attack 2020 Results

Trumpsters can run around like chickens with no head, the facts speak: Trump is a fairly stupid idiot.

Let's delay all voting until December and see if Powell really plans a taper.

Pelosi leaves room to delay infrastructure vote

Let's not raise the debt ceiling. Let's prove all the macro hysteria is just macro hysteria.  Let us improve the efficiency of devaluation, why do we have to go through the hysterical BS.  We are not a mental health clinic for confused econs.

Schumer: Democrats 'cannot and will not' raise debt ceiling through reconciliation

I count about a third of Congress would rather default the  direct way rather then faking it.

2 Democrats say they want to mint a coin to solve the debt-ceiling showdown and save the US from catastrophic default

And Joe also has the power to devalue, all by himself, and he should use it.  Why would I choose the opinion of a hysterical macro econ without basic math skills?

How Joe Biden could end the debt ceiling — all by himself

Joe Biden takes fewer naps recently.  Make your headlines plain and simple.

Biden intensifies talks, with big overhaul plans at stake

Bummer for the third of us voting for shutdown. They got the socialist bum, Rand Paul, on board  to raise the debt limit.

Congress primed to avert shutdown despite remaining conflicts

It is time for Trump to release a dick pic

Trump's press sec: He called me to say his penis wasn't toadstool-shaped

The world needs to know if his penis is fit for another run at the presidency.

A practice devaluation at the Fed

Just a hundred billion, over the year. Just to test the idea. 

The Fed can have an algorithm that selects erasures along the Treasury curve.  Hundred billion is peanuts, worthless cash.  Announce the plan and every econs can begin collecting data for their experiments.

We will call it a research expense, standard risk test for central bankers.  Why not? A real human trials if ever there was.

Arnold Kling thinks our oil production increase was trial and error

 

Look a US oil production after the 2008 crash.  Ardnold Kling this was a trial and error effort.

And every recovery involves discovering new patterns of sustainable specialization and trade, requiriing entrepreneurial trial and error.

I don't think so Arnold. The increase in oil production was almost immediate. Texas oil corporation knew from day one what we needed for sustainable. This chart is undeniable. Most of the new jobs created in the first years after the crash were fracker jobs.

Free horse manure

 Abbott says Texas vote audits aren’t all about Trump

He said he wasn’t merely bowing to the wishes of the former president

.

If this vote fails then the rate cycle begin on the following Monday

Pelosi sets Thursday vote on bipartisan infrastructure bill

The progressives have a very short timeline. 

On Oct 1, the crunch begins and that includes Yellen doing a lot of short term financing. Then we have Powell trying to taper into a rate cycle, the worst of all outcomes.

Graham told Trump he 'f'd up' the presidency: book

Lindsey Graham and the rest of the Repub welfare bums didn't do the Swamp much better.

A moment of truth

 Oil has broken 75 and FX insurance costs have raised the ten year to 1.45, the dollar should still go down. Result? High costs for the consumer and a slow down of  private consumption.

Someone at the Fed is quite clueless to think they control the inflation rate or lending.  They are beholding to petrobanks and Japanese insurance banks.

Goldman Raises Year-End Oil Price Target To $90

If Brent goes to 90, the WTI from Texas does to.  This would be shut down for everyone here, except Texas.  Something is going to collide, likely the petrobanks, FX insurance and the Fed taper; all going to the same spot at the same time. Add in the debt limit and we got problems.

Pretty damned easy to assassinate Trumpster

Kidnapping, assassination and a London shoot-out: 

Inside the CIA's secret war plans against WikiLeaks In 2017, as Julian Assange began his fifth year holed up in Ecuador’s embassy in London, the CIA plotted to kidnap the WikiLeaks founder, spurring heated debate among Trump administration officials over the legality and practicality of such an operation.

In the era of unregulated drones it seems the CIA nor Secret service can keep any politician safe.  Yet the NSA refuses to allow secure and safe drones.  One might think the dumbshit Trump would have sorted this out before he began his killing spree.  Certainly the CIA should have some inkling or clue, I dunno how many of these idiot CIA officers have gotten themselves killed over the decade. 

There is something in the Swamp that makes stupid. My advice is to stay out of the Swamp and let it go bankrupt on its own.

A losing strategy

Kamala hires Jen Psaki's brother-in-law for advice on Biden border crisis, presidential run

Three things wrong: 

Border crisis

Jen Psaki

And the need for advice

She will not win, and hopefully Joe will not die in the next three years.

Marco Rubio is a Commie Rat and does not even know it

 BREAKING:

@MarcoRubio introduces legislation to allow shareholders to sue corporations for prioritizing political ideology—such as "socialism, Marxism, [and] critical race theory"—over their fiduciary duty to maximize long-term shareholder value.

Marco is another of those wannbe tin horn dictators.  Stupid as fuck, makes Abbot look intelligent. 

Macabre is our word for the day

Witness: Taliban hang dead body in Afghan city’s main square

Talibunnies in action.

Yes, the Trumpster is an idiot

Trump Allies’ Arizona Election Audit Confirms Biden Victory

The big question. Why do Repubs nominate idiots?

The Memo: Trump's Arizona embarrassment sharpens questions for GOP

When you are stuck with stupid, you have to do the stupid.

Abbott bows to Trump pressure on Texas election audit

Latin America and the Caribbean in full collapse

Latin American Migration, Once Limited to a Few Countries, Turns Into a Mass Exodus 

Haitian standoff in Texas reflects broader mix of nationalities fleeing pandemic-hobbled economies from around the hemispheres reflects broader mix of nationalities fleeing pandemic-hobbled economies from around the hemisphere

Zillions of poor natives appearing just South of Texas.  Looks like the onset of Mad Max, total collapse of civilization.

Deranged NRA nut on the loose in Tennessee

Active shooter at Kroger grocery store in Tennessee; several people shot

Likely one of those Instapundit fans.

Texas politicians plan another Trump coup attempt

Trump demands Abbott back election audit in Texas

They all seem a bit nutty over there

The AP Interview: Don’t isolate the Taliban, Pakistan urges

It is not a question of isolation. They are simply too nutty to engage in anything themselves.

Oil break 73 and ten year yield at 1.41

 FX insurance rates on the dollar have risen. The dollar should decline a bit. Thus more import inflation.

Unless the petro system breaks, my usual caveat.

Count me in

Who's up for a government shutdown

Congress needs practice in shutting things down. I vote for a three week shutdown.

Trumpsters national security adviser diagnosed with schizophrenia

Michael Flynn is now pushing a conspiracy that Covid vaccines will be placed in salad dressings

The Fed has no clue

Fed signals possibility of 6 to 7 rate hikes through 2024 as taper talks advance

They are fast increasing purchases to cover the debt limit problem. They have no clue about what Congress will do, nor does Congress. Whatever they say seems to be the same random horse manure they always say.

Bill Gates was porking Epstein's little girls

Bill Gates Gives a Super Cringe Answer When Confronted About His Ties to Jeffrey Epstein

Put your headline in plain English.

Oil bouncing between 70 ad 72

 WTI Slides After Surprise Gasoline Build, Smaller Than Expected Crude Draw

The oil surge is not happening yet. I have quit calling a number, something is broken or it is working quite well. I dunno, how long can the petrobanks hold?

Kamala was supposed to fix this and she did nothing

 Biden’s Border ‘Challenge’ Gets Worse

Dealing with Trumpsters is wasted effort

Opinion | Why Sane Republicans Are Purging Themselves

Planet of the apes, in reverse

Harris 'deeply troubled' by treatment of Haitian migrants

I was wondering when Kamala would speak.  Jamaica ain't far behind.

If this blog post does not get me enemies, then nothing will.

Dead cat bounce day in the markets

 That is all.

Except oil, now 70, down a buck.  This is noise, the oil price surge has not happened yet.

Hey, Arnold a little PSST helps

 

Why are large cities one-party states?

Small states cannot sustain large state programs, large states can.  If you look art government as a supply chain then you will discover the median state theory, The median states split the states between large and small. As an artifact of  your discovery you will find the median voter theory is bogus.

Stick with PSST and do not bother with the philosophers.

Oil down, ten year yield up slightly, stocks very red,

 Bad day at the market, I will be in bed.

Texas politicians are fairly dumb

The legislation allows anyone, anywhere to sue people involved in providing abortion care or practical support to patients in Texas and win judgments of $10,000 or more. This would open the floodgates for lawsuits, bury clinics under frivolous court cases and legal fees, and likely make it impossible for many providers to remain open and for most patients to get care before the six-week cutoff. This has been aptly dubbed the “sue thy neighbor” law by abortion rights supporters

This is nor repub, this is that idiot Abbot pretend the citizens can force the issue via civil courts.  This is Abbot not knowing what a repub is, then letting stupid consultant write a private enforcement bill. DeSantis, Ted Cruz, Abbot and pals have no idea what a repub is, they just collect whatever bizarre story gets votes. We are screwed, both parties have left the farm.

Pray for Chicago homeowners

Lightfoot plans to increase Chicago’s property tax levy by $76.5M in 2022, aldermen told

The levy increase covers $22.9 million for the automatic escalator tied to the consumer price index; $25 million to bankroll the 2022 installment of Lightfoot’s $3.7 billion capital plan; and $28.6 million captured from “new property.”

 These public sector states, stuck. Being an unprotected homeowner is frightening in Chicago, Hew York, and sometimes California.  Winning elections and counting well often diverge.

Ruskie has brutal politics

Pro-Putin party poised to win Russian election after Navalny clampdown

Talibunny governance

Taliban Shootout in Palace Sidelines Leader Who Dealt With U.S.

They will be returning to a tribal partition soon.

VoteI ID laws mostly supress Repub voters

 Do voter identification laws ensure secure and trustworthy elections, 

or are they a way for political parties to manipulate the democratic process in their favor?

At a September 8th debate in New York City hosted by the Soho Forum, Eliza Sweren-Becker from NYU's Brennan Center for Justice, argued that state legislators are using arbitrary rules to suppress the voting rights of vulnerable citizens.

And they are rapidly becoming a minority.

If the Federales burn enough oil then global warming goes away?

 Saying climate change is a “global poisoning event” that threatens the health of Central Valley residents, the head of Fresno County Public Health on Friday called for congressional support of climate investments through President Joe Biden’s Build Back Better Act.

Interim Health Officer Dr. Rais Vohra said Fresno County “is among the regions in California that are most vulnerable to the detrimental effects of a changing climate, specifically the combined hazards of excessive heat, drought, wildfire smoke and air pollution.”

Nice makings for a Far Side cartoon

Father, sons ambushed rivals in deadly family feud on Far South Side: Prosecutors

Trumpster, the gift that keeps on giving

Trump hits back at retiring Republican critic who called him 'a cancer'

Video game bug

Pentagon admits 'tragic mistake' in strike that killed 10 civilians

The perfect cure for voter's regret

‘Stolen election’ lunacy is going to be a huge albatross for Republican

Rich Lowry does not understand the mental anguish of finding out one has been cheated. The best solution for Repub mental health is to avoid voting. Plus, the bonus, ex repub presidents get to live in luxrry in Florida. I cannot think of a more popular Repub platform then avoid voting.

Oil down below 72, ten year yield at 1.37 and all markets red

The FX insurers and petrobanks still in control.

Trump demand Virginian Repubs boycott election.

Youngkin breaks with Trump on whether Democrats will cheat in the Virginia governor's race

The Trump is a very stupid hombre.

Like a million dollars of cheap suicide drones?

F-35 Stealth Jet At Risk Of Falling Behind China And Russia Defenses, Panel Says

Maybe the House Armed Services committee can return all of Lockheed Martin bribes.

Trump demands Repubs refuse to vote

Hill: 

Former President Trump's insistence on spreading unfounded claims of election fraud is threatening to hurt the Republican Party in the upcoming 2021 and 2022 elections.

The growing concerns among some Republicans come after Gov. Gavin Newsom (D) handily beat back an effort to recall him in California, where registered Democrats made up a disproportionately high number of mail-in votes.

Repub governors everywhere are planning strict law to prevent Repubs from voting. The popular plan is working well.

Stocks open down

 By a half point. The BLS print that claimed an unexpected rise in Aug retail spending was determined to be noise.  We now wait the dip buyers, if they come.

The ten year yield back to 1.35, an eight basis point swing. Oil now below 72. I think we are too sensitive to oil prices.

I would rather Joe take more naps

 

'Now is the time': Biden's influence faces Capitol crucible

Democrats want the president more involved as trillions of dollars in spending, plus the nation's credit and government funding, hang in the balance.

The naps keep him alive. 

Politicians taking bribes according to Huffington Post

House Democrats Opposed To Biden Agenda Actually Hail From Safe Seats

Corporate donations, not electoral fears, appear to be motivating obstructionist Democrats.

True. These bribes are from Big Pharma. 

Looking for the run up in oil prices

Supplies of US crude at a 23 month low and gasoline at a 22 month low

According to an Angry bear report, of which I am now a believer. I was wondering how long our petrodollar system could hold, and all indications are, not much longer.

When the facts change, so does my view.

If you are Repub, do not bother voting

Turnout dip among Georgia Republicans flipped U.S. Senate

Kevin Mccarthy and Donald the Trumpster both agree, do not bother voting if you are Republican.  This will be the Trumpster campaign speech,"Voting is  a waste of effort, do not vote for me"

His plan is to lose by a landslide, and you can help.

My favorite leftist shows some skin

 

General Milley saves world from deranged president about to launch nuclear war

Milley Responds, Claims Usurping Presidential Power To Give Enemy Advance Notice Just Part Of 'Regular Communications'

The Trump was stark raving mad when he lost the election, prepared to do anything to save face. General Milley saves the day.

Tucker Carlson has plastic surgery to enlarge testicles.

 

I like being a fake news reporter.

They refer to Tom Brady as the old man

Ocasio-Cortez fires back at Manchin after he refers to her as 'young lady'

“In Washington, I usually know my questions of power are getting somewhere when the powerful stop referring to me as ‘Congresswoman’ and start referring to me as 'young lady' instead,” she tweeted.

“Imagine if every time someone referred to someone as ‘young lady’ they were ask responded to by being addressed with their age and gender?” she continued. “They’d be pretty upset if one responded with ‘the old man,’ right? Why this kind of weird, patronizing behavior is so accepted is beyond me!”

I call you my favorite leftist on account of you spunkiness and funny gestures.  You add entertainment to the Swamp, otherwise a place of human sewage.

It was never about being Green

Most electric vehicles would be given a $7,500 tax credit, however that rebate would jump to $12,500 per car if the cars were union-made under the Democratic proposal.

The incentive was introduced on Friday as part of the $3.5 trillion reconciliation spending package. By 2030, President Biden aims to have electric vehicles make up at least half of the country’s car sales, according to Reuters.

The fovored group always get an oil subsidy first, via government.  The net result is Brown.

Yuk, yuk

Democrats plot shutdown-prevention patch into December

You mean the California Teacher's Union

 

"Americans Are Tired Of All The Lies" - General Mike Flynn Warns Nation Being Overtaken By Small, Powerful Group Of Marxists

They are mostly pension freaks.

California does not do infrastructure

 

California’s vital canals are crumbling. A plan to fix them just died in the Legislature

Nancy Pelosi's point.

My favorite leftist

Ocasio-Cortez raises over $300K for Texas pro-choice groups

This is her button own business look.

Calling all dip buyers!

This is an entire week on the losing side unless our dip buyers come to rescue.

Peak sellers arrived instead.

Safety days at the market

 Oil is still stuck even though the ten year yield barely holds at 1.3.  This means the dollar is still up, mainly emerging markets taking it safe after the China default. yet we still get high inflation readings.

This chart has to be reconciled, sooner or later.  Even domestic natural gas is rising which is an artifact of fracking.

Larry got egged

Why Isn’t the Attack on Larry Elder the Biggest Story in America?

There, I made it the biggest story in America.

Now Kyle Smith can relax.

More drone

 DUBA

 The US Navy’s Mideast-based 5th Fleet said on Wednesday it will launch a new task force that incorporates airborne, sailing and underwater drones after years of maritime attacks linked to ongoing tensions with Iran.
Navy officials refused to identify which systems they would introduce from Bahrain. However, they promised the coming months would see the drones stretch their capabilities across a region of chokepoints crucial to both global energy supplies and worldwide shipping

Navy figuring out that huge aircraft carriers are useless. 

Make that a four figure single time payment per person

Senate Democrats weigh extending Biden's monthly $300 checks to families to 2024 in $3.5 trillion social spending plan

Why fake it?

Ontario school board held 'flame purification' ceremony to remove books offensive to 'Aboriginal knowledge keepers

Book burnings have become fashion.

Joe Rogan has worms

Watch: Joe Rogan Says He May Sue CNN For "Making Sh*t Up" About Him "Taking Horse Dewormer"

Rand Paul's doctorly advice on immunity was full of crap

"Surprise Surprise - Fauci Lied Again": Rand Paul Reacts To Wuhan Bombshell

His claim of natural immunity was likely just a season immunity.  He did not have the facts, and thought he could pull  fast one using is certificate of ophthalmology. Lesson: he is as uncertain as the rest of us.

She wants her pals to burn more oil an your pals to burn less

Dear AOC, Please Honor Your Threat and Cancel the Whole Damn Thing

AOC is back with more of her petulant threats to kill the infrastructure bill if she does not get here way on climate change.

This has nothing to do with Green, most of these proposals are about subsidizing oil consumption for the favored group. 

Yields up to 1.37 and rising, oil stable

 It is one or the other. Either we pay a lot more for domestic oil, or yields rise. One way or the other we will pay for the inflation.

Pretty sure the federal Reserve is behind this stunt

Bitcoin Shaken After Coinbase CEO Slams SEC For "Engaging In Intimidation Tactics Behind Closed Doors" Over Crypto-Lending Platform

The Fed is paving the way for our next Nixon Shock, that is almost a sure bet.

“The Canterbury Tales” being banned

Professors in America and the U.K. fight back against the cancelation of Geoffrey Chaucer

I read some of it, rater funny and there was a movie of sort.

Already planning another fiasco

Sen. Lindsey Graham (R-SC) predicted Sunday that the United States will re-invade Afghanistan in the future.

“They’re going to give safe haven to Al Qaeda who has ambitions to drive us out of the Mid East writ large and attack us because of our way of life,” Graham said in an interview with BBC News. “We will be going back into Afghanistan as we went back into Iraq and Syria.”

Oil, yields and dollar

 Oil is still not holding above 70, that seems to be a barrier

Ten year yields now at 1.34 and dollar robust. I dunno how long this can hold.

Trial then hanging for McCarthy?

Spotlight turns to GOP's McCarthy in Jan. 6 probe

Against whom will they rebel?

 Brazil on Edge as Bolsonaro Tells His Base to Take to the Streets

I think Bolsonaro is the king in charge, the only one to rebel against.

Shut up and dig for oil

Abbott approval rating wanes as most Texans say state on 'wrong track'

I think that what Texans think is way overblown, I am not sure they think.

Reason Mag gets a big clue

Everything Is Infrastructure Now

The 300 earmarks have turned th Senate infrastructure bill into a stimulus.  Nancy plans the same in the House,she has about a thousand pages of markups on the 3.5T/

The Dim Kim Son, not quite the enlightened leader

Kim Jong Un rejects vaccine offer, urges NK to fight pandemic in "our style"

Comcast is permanently incompetent

 Likely a common problem for companies with subscription services. No need to go into details, not worth it. Take my word for it.

Trumpsters on the offensive

The Memo: Attacks on democracy seep down to school boards, election offices

I guess their August coup plot failed.

God Bless prop 13

Illinois Policy:

Patricia Hill grew up in Chicago’s Hyde Park neighborhood dreaming of one day owning a home. She and her husband accomplished that dream in 2003 when they moved to the suburb of Matteson to raise their two daughters. They bought a two-story home in a quiet neighborhood for $315,000. Her property taxes were $7,800 for 2004.

But Hill’s home is now worth less than she paid for it back in ’03. Meanwhile, her property taxes have done anything but decline. She now pays nearly $10,000 in property taxes.

Federal tax receipts, one for one with inflation

 

Yes, I noticed this a while ago, but looked again after the recent price hikes.

I can guess here, the Federales have all the choice tax base. Now Congress is stuck with making revenue sharing work.

Revenue sharing may not be possible with the econs going beserk about it. Something has to give.

We got Texas Space Cadets for that

NASA Administrator: We have no plan for aliens

Polls indicate we are stuck with Gavin

 Out here in California. No, I did not vote, or I voted do not care.

Natural gas threatens petrodollar?

Global Gas Price Surge Threatens to Dent the Economic Recovery

Oil and gas are highly correlated. If we see a sudden oil price surge then we have another GFC.

Check the two price indices:

The red line is consumer inflation minus energy, the bottom is oil price.

The inflation is hitting Texas and they produce the oil. Something has to give, either the petrobanks or the Fed. If the petrobanks give up the fight then oil rises, gets a lot closer to one hundred and we still get the sudden dollar plunge. FX insurers look at the same chart, and they freak at  possible dollar plunge, thus raising rates.  We have a trilemma once again.

Now this, from June:

North Texas Inflation Gauge Surges 6.3%, Topping 5% National Average

Texas is catching up with previous disinflation. Adjusting for current inflation means oil up to near 80 and he dollar take a six point plunge. That is close to a minor recession.. 

The same government that subsidizes public sector pensions

 

As California burns, anger and pointed questions for caretaker of its vast forests

The USDA Forest Service oversees 20 million acres in California. Are they doing enough to stop wildfire danger?

When was the last time California politicos went begging the Feds for something other than pension bailouts? 

You mean the Federal Department of Central Banking?

Stay in Your LaneThe Fed is not the right institution to tackle economic inequality.

If you believe something in the Swamp is causing inequality, then you can be assured the Fed plays the prominent role.

I didn't read this, but I speculate the author really means a neutral currency banker cannot solve inequality.  We do not have a neutral currency banker, we have a department of Treasury called the central bank who is also the chief accounting and banking officer for Congress.

Pelosi tried cheating on a revenue sharing negotiation

Manchin’s comments come as Democratic leaders and committee chairs in the Senate and House are working out the specifics of the economic package, with a goal of moving it through Congress in the weeks after lawmakers return from an extended August recess. Manchin is a linchpin vote because Republicans are united in opposition. All members of the Senate Democratic caucus would have to back the measure in order for it to get the 51 votes needed to pass, with Vice President Kamala Harris providing the tie-breaking vote.

The spending package also is facing obstacles in the House. Democrats can only afford three defections in that chamber if Republicans are united in opposition, and some moderate Democrats also are balking at the size of the package being drawn up. -Bloomberg

This is a long standing problem with Pelosi since a year ago. She is not advised that the stimulations are all about revenue sharing, and has not thought this thing through.  We have delusional econs claiming crap about infrastructure and re-using words not related to the real task. Then came the earmarks, putting a lie to all the crap about infrastructure, this is plain cash advances to the states.

Now Pelosi and the progressives are confused, they actually bought into the cap about infrastructure. Or at least they thought the narrative would sneak them by.  Too late, we done figured this out.

Not fear of chaos but the resignation of chaos

 The effort to recall Gov. Gavin Newsom is struggling, new California poll shows

The computer repairman with Hunter Biden's laptop lost his lawsuit against…

 

Taliban battle last rebel stronghold, prep to announce new government

 

Most likely California voters are opposed to the Republican-led recall effort against Gov. Gavin Newsom and a growing number fear the consequences of removing him from office with a hard-right conservative best positioned to take his place, according to new poll by the nonpartisan Public Policy Institute of California.

For most voters, it is too late, the chaos has arrived, who cares. 

Oil will break 70 soon

 

There i  light general oil price inflation. But overall oil prices are at 2007 levels.

Th dollar should drop a bit but today the dollar is up, I hear. No evidence that the petrodollar standard is broken.

Add some more chaos

House Republicans privately beg Trump to help them impeach Biden

Delusional

Milley: US coordination with Taliban on strikes ‘possible’

The Taliban are now involved in tribal wars ans the various tribe retake their territory. There is no national government to coordinate with.