Sunday, March 7, 2021

Independents would join if Trumpsters were gone

Graham: Trump can make GOP bigger, stronger, or he 'could destroy it'

Trump dominates a smaller party because we independents have had enough and want no part of him.  Graham is operating at Texas Stupid, he needs to take a vacation.

Oil prices up, ten year yield up

Yellen's prediction will come true as Texas exports oil and the California poor use their 1400 dollar checks to go to Texas and dig holes. The California delusionals will freak, have a shock, when they discover the price of their Green jobs. We will have three years of California hysteria dominating the Biden administration.

A recovery in oil exports

Yellen says higher Treasury yields signal recovery, not inflation

She missed part of the story. It is not clear she even understands.

Saturday, March 6, 2021

The petrodollar standard says poor people must dig holes

California’s Energy Policies Hurt Minority Citizens The Most

But digging for oil is illegal in California.

We need the tort system for CO2 emissions. If you are not responsible for the emissions, then sue the folks who are. 

Under the current scheme, the unions get the emission taxes and their emissions are subsidized by the poor. It is neither Green nor fair, it is just using Green as a tool to  rip off the poor.

Strictly a bogus racket, a shame and damaging to the environment.

The other failed state

Uptick in crimes against Mexican politicians points toward violent midterm election

The foot and other shoe

"We see some vulnerability in equity markets into quarter-end from pension funds entities as well balanced mutual funds selling equities and buying bonds to rebalance."

JPMorgan Estimates Up To $316 Billion In Forced Month-End Selling 

At some point the pension plans will exit a bit early because they have cash payments to make.

A bankruptcy by another name

Italy’s Government Is Outsourcing Its Economic Strategy To Private Management Consultants McKinsey


Even appointed a bankruptcy manager.

They are doing the Greece thing.

Just in time for the next property tax bill here n California.

Biden says $1,400 payments can start to go out this month

Her career skill is affirmative acting

Senior diplomatic security official removed from Afghanistan role after declaring ‘death of America’ when Trump lost election

That would be official racism and genderism.

Friday, March 5, 2021

Japan runs our petrodollar standard

Treasury Short Sellers Face Rising Costs to Borrow 10-Year Notes

Adding to the crunch are yen-based investors. They have been liquidating older Treasury positions, according to traders in Asia, who asked not to be identified as they aren’t authorized to speak publicly. The impact in the repo market comes from how dealers absorbing the Japanese supply in old bonds -- those not used in benchmarks -- often sell current ones to hedge their positions.

Oil exports will be paying for those Green jobs.