Loading ...Don’t laugh. That’s arable land! Notice the coconut plantation on the right, and the old-growth Ironwood forest. Just a convenient swim across turtle-infested waters to nearby native Hawaiian homelands. 🙂
Bulls end one of two ways
The government passed a 100 billion stimulus for 2020………the china deal will add 100 billion of stimulus in purchased goods………the new nafta will add 20 billion or so……..trade deals with South Korea and Japan will add another 20 billion or so……..dollar appears to be weakening……….demographics have bottomed………election year spending……….
The market is a joke just like 1929 and 2000 but expecting a recession…….no……..
Bulls end one of two ways……a jolt or a recession. #2 is out……..#1…….not to be seen……..and it never is.
IPSO-re: your 14:06 question
Yes , Colombia . Sorry to be so late in replying . Had a lot of distractions all afternoon and evening .
The students are easy targets of propaganda . They have never been taught critical thinking , and have grown to believe someone , somewhere has to take over the task of seeing to their needs . Few of them are either practical or realistic . Easily convinced by the false promises of Communism/Socialism and easily whipped up into a frenzy by false narratives such as the ‘threat’ of CO2 and methane , while ignorant of temperature effects on gas solubility in surface waters , the absolute need of CO2 for plant growth , and the immense effect of solar disturbances (sunspots) on Earth’s weather . They are also ignorant of weather cycle history going back thousands and millions of years . The truth is , there is correlation between rising temperature and rising concentrations of CO2 and methane ( and even oxygen ) in the atmosphere . But the causation is the inverse of what they are told . Higher temperatures cause off-gassing from global surface waters , just like the violent release of CO2 from a warm bottle or can of soda , compared to a very cold beverage which just ‘fizzes’ lightly when opened . There are vast quantities of frozen methane in deep , cold , ocean trenches (think methane ‘ice’) . Warmer currents can cause them to melt minutely and be released in small quantities from the water surface into the atmosphere .
AOC wants cattle ranching curtailed in America , but makes no mention of the hundreds of millions of (holy) cattle roaming freely in India .
Story: Republicans Plot Climate Strategy Amid Growing Political Risk
Comment:
The “climate change” agenda was born in 1970 (imo to create new jobs to over ride future loss of jobs which happened) and the “training” of the public grew very slowly over decades to a point where these days the “training” of the public has gone too far, and resulted in hysteria.
Huge demonstrations globally demanding that the governments get together and change the climate. Huh??? Its totally impossible for humans to change the weather. Remember Iraq set all those thousands of oil wells on fire? I didn’t see any smoke here. Remember the oil well erupting tons of Oil into the Gulf for a long time? The Exxon Valdez?? It all went away.
Anyway I suspect there is going to be new “training” of the public to learn that the problems and various expenses with fighting the weather is not worth it. It will be like a tax break on society and businesses. Naturally it took 50 years for the agenda to get overwhelming and oppressive and it will take decades to unwind or retrain the public to forget about most of the exaggerated concern.
Story Parts:
The strategy session is spurred by a growing recognition among some Republican congressional leaders that the party has for too long ceded the debate over climate change to Democrats, according to three House Republican aides who asked not to be named discussing private deliberations.
“There’s been a lot of credibility given to some really crazy and dangerous and irresponsible ideas, and we’ve got to make sure that we are working to inform and educate the public about the dangers of some of these policies,” Representative Garret Graves of Louisiana, the top Republican on the Select Committee on the Climate Crisis, said in an interview.
Graves stressed that quashing fossil fuel development in the U.S. could have the perverse effect of increasing greenhouse gases globally, by making the world more reliant on natural gas from Europe and Russia that generates more emissions.
Democrats are preparing to advance climate change legislation in the House this spring, potentially forcing some Republicans to take tough votes on the issue before the November elections. The Democrats are trying to exploit Republican discord on the topic, amid growing public alarm over global warming and as ambitious proposals for addressing it, such as the Green New Deal, shift the debate over what should be done.
McCarthy said Republicans are identifying “realistic policies” that can build on U.S. progress in lowering emissions “without decimating our own communities and dismantling our economic system as we know it.
Graves stressed that quashing fossil fuel development in the U.S. could have the perverse effect of increasing greenhouse gases globally, by making the world more reliant on natural gas from Europe and Russia that generates more emissions.
“One of the problems where Democrats have misfired is they’ve deemed oil and gas the enemy when the reality is it is emissions you need to be focusing on,” Graves said. Lawmakers need to be “looking at innovative solutions that have been applied in the United States — not these conceptual pipe dreams.”
goodness, gracious, great balls of fur!
great pussycat (GPL) up almost thirteen percent, and the clock is still running!
…thirteen and a half %
somebody is loading up. volume is more than twice the recent averages
…fourteen %
sharp drop last couple minutes. daytraders getting off the bus?
They reversed platinum and palladium
Pretty big reversals, hope some of that money goes into pm’s.
As always bizarre action in the metals. The battle for $1550 and $18 is still on.
goldielocks
I’m sure we’ll get our protests eventually. Just don’t want battles in the street!
Ipso 13:15
Don’t know what happens in S. America but sounds like the French Gov deserved it.
Probably why they’re trying to dumb down, drug down, attack the rights and brainwashed the young here.
Right now there should be a crowd at the WH with some hemp rope over the Democrats trying to overthrow the president which is a attack on us.
Alex I just saw this story. That’s a lot of protesting!
Nearly 40% of countries around the world will face civil unrest in 2020 with flashpoints predicted in 75 nations, study warns
Alex Valdor @ 11:30
Was that in Colombia? Yeah a bunch of disgruntled students can sure shut a country down! Look what’s going on in France. The French gov just backed down in their attempt to rationalize the pension system. So far we haven’t seen too much of this in the US.
“Everyone Is Extremely Long ‘Frothy’ Stocks”, World’s Biggest Hedge Fund Warns; Sees Gold Soaring As Dollar Loses Reserve Status
But the main reason why Bridgewater is going long gold is also the most startling one: as a result of coming inflation surge and the ballooning US budget and trade deficits, the status of the US dollar as the world’s reserve currency could be threatened.
“That could happen quickly or it could happen a decade from now. But it’s definitely in the range of possibilities. And when you look at the geopolitical strife, how many foreign entities really want to hold dollars? And what are they going to hold? Gold stands out.”
What about other assets? After all, Bridgewater is mostly an equity fund? Well, if there was one word to summarize Jensen’s position it would be that of Howard Marks: “sell.”
@Froggy Look At This Dumb Headline Under Your GPL Chart…
Gold miners drop over 50% with no bottom in sight 🙂 🙂 The authors always agree with the past to look right. If gold is going up they say higher. If its been going lower, they say its going lower, most often at exact turning points
Huge call purchase on VXX today
The VXX March 20th $22 and $23 calls each have 17,000 calls of volume today–the calls can be had at 23/24 cents.
These large purchases are noteworthy but seldom predictive in my experience…last trade on VXX=$13.40
https://finance.yahoo.com/quote/VXX/options?date=1584662400&p=VXX
GREAT PUSSYCAT !!!
gpl up 20% in just over two days (lo to hi).
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=gpl&insttype=&freq=7&show=&time=3
IPSO – unrest is being whipped up virtually everywhere by the left
About a week before Thanksgiving , I witnessed this , while in South America . The whole country was shut down by a student-led ‘strike’ protest , lasting most of the day . The town I was in has three main Inter-city roads . All three were shut down by dissidents blocking traffic , so trucking and long distant buses were shut down . Even medical clinics were short staffed that day , effectively closed , as were many businesses . In the attached photo you can see a black tarp covered OTR truck making a three-point turn around , beyond the foot bridge , trying to go back and futilely attempt to find an alternate route around the blockade . The only alternative that I know of is a one lane dirt road through the jungle , impossible to traverse if another truck attempts to bypass the blockade in the opposite direction .
Similar blockades were organized simultaneously in all major centers in the country .
BTW , that South American country has two important ‘Canadian’ gold mines that I am aware of , one of which you posted news about just this week .
@ipso facto Yes, Lots Of Land Mines
I shy away from South Africa, I like USA and Canada. But lets face it, Canadian miners have mines in various countries. Indonesia was always a problem for FCX Freeport. Ya know? We can’t worry about everything. That’s why we sit on various mining companies. But basically, they all go up or they all go down together as Gold climbs or corrects. I recorded some very good commodity info from TV onto my iPhone to send to a friend. I would post it here if I knew how. But it sounds like the year 2000 all over again. Lift off time.
Mr.Copper
Pick your country carefully. There’s lots of land mines out there …
@ipso facto re Rising civil unrest adds to mining risks in 2020
That headline suggests to me some miners will get hurt and others will benefit more at the others expense? In other words, miners operating in somebody else’s back yard will get hurt. Less production is good for the physical gold. The miners operating in there OWN back yard will benefit from less competition and higher prices. If ALL the miners get hurt then we have to play GLD UGLD and or physical.
Wolanchuk [da_chief] blog=new projection=DOW 36,000
It’s blue skies forever!
Philly Fed Explodes Higher, Bucks Regional Survey Slump
It’s blue skies forever! All other scientists are wrong and reality-averse economists with their loony infinite growth theories are the only ones who are correct. Go out and buy lots of throw away shit.
*****************************************************
Don’t know about where you live but it booming here in NC and all along the eastern seaboard!
****************************************************
Eleven Fed Districts could be in a recession.
The last one could report a positive number, and the entire market will rally.
*************************************************
Quite true. But they’re all meaningless, make believe numbers anyway. They exist to keep the stock market propped up, which apparently has become the federal governments’ sole purpose these days.
Rising civil unrest adds to mining risks in 2020
Global miners will have to get ready to deal with the increasing threat from civil unrest, following last year’s succession of dramatic — and in several cases unforeseen — social explosions in almost 50 countries, including highly popular mining jurisdictions such as Chile, Mali, Guinea, Congo and Zimbabwe.
According to risk consultancy Verisk Maplecroft’s quarterly civil unrest index, released on Thursday, turmoil will linger in 2020, as most nations experiencing ongoing bursts of public discontent lack the tools and ability to handle them.
The experts foresee as many as 75 countries having to deal with soaring public rage over a variety of topics, including economic inequality and political roguery during the next six months.
Why is this happening?
The Real Economy never recovered from the recession that began in 2007. It’s just limped along well enough on skyrocketing federal debt to make it look good.
The Financial Economy not only recovered but has been fully enabled to exploit the Real Economy with new and improved extraction mechanisms like the Medical Industrial Complex and the Education Industrial Complex.
From 2000 to 2001, the Federal Reserve, in a move to protect the economy from the overvalued stock market, made successive interest rate increases. It doesn’t do that anymore because it would disappoint the Financial Industrial Complex and make ambitious politicians look bad.
The Japanese recession which began in the 1990s never ended and never will, but will continue to limp along until the status loses its quo.
It could easily be argued that the 2000-2001 recession that began with the bursting of the Dot Com bubble never really ended for similar reasons, but that is another story and shall be told another time.