The Week That Was & What's Next
Like Clockwork
Let’s start by asking, what did you expect? History repeats itself. Celebrate, the debt crisis is over. The politics surrounding what was inevitable has just begun. Remember Yellen gave us a few more days to string this out. Damn, if we could have just made it to June 15th when quarterly payments to the Treasury start coming in chances are we could have made it longer and “fake news” could have exacerbated the problem longer. Now what are they going to talk about? In all sincerity, who cares.
Those who know me well understand that one thing I’ll not waste is your time or mine as the only commodity we cannot replace is our time. Face it, the overall events of this last week were anything but consequential. In my opinion it should have been called “The Week That Wasn’t”. In my kid’s words “whatever” would be an appropriate way to define it. Inflation is coming in a little hot, a drop in lending liquidity post solving the “debt crisis” is real and what may very well be a coming deflationary problem are all getting air time. Take a look at my Bubbles article and especially what I’m posting tomorrow where I compare Inflation versus Deflation; which one is worse. For a true macroeconomist it’s an easy answer. Read my post and find out why.
Next week is really no better. On Wednesday the Fed Beige Book hits the shelves and with all the “Fed Speak” publicity there shouldn’t be too much in there that’s new. We get jobless claims on Thursday then Non-Farm Payrolls and Unemployment numbers on Friday. To quote Ellen, the younger sister of Denise, my first true love, “whoopee ding-dong bell”. More than 50+ years after first hearing that, her words finally have meaning and ring true to me. Damn, those were happy times.
Usually I tell you to read what I’ve written. Today’s a little different. Today I’d like it if you’d listen to the YouTube video; it’s short so maybe even listen twice. I reinforce the contents of my recent and future posts and they’re good; in addition they’re easy to talk about. When you speak and write about your true beliefs it really is easy. You’ll never hear me talking about something I don’t believe in or know little about; just not how I’m wired. Beware of others who do.
In any case, I hope you have a great Memorial Day weekend. Just noticed the price of hot dogs stayed the same as the last time we served them up on the grill. Also noted that they’re about 20% smaller than they were last year. There ought to be a law about stuff like that; shrinkage is an unacceptable business practice. It was funny watching a few of my neighbors practicing their archery target shooting earlier today using Bud Light cans. I bet they didn’t buy them at “Target” but at $3.59 for an 18-pack the price was right. When will they ever learn.
Because of you, our early adopters, Substack has taken notice. Our thanks go out to Barchart as well as they’ve adopted us. They’re going to form the foundation of how we teach “what we use & how we use it” but like anything else, it’s all on a learning curve. Back to the “curve”, it’s a long one, longer than anticipated so I’ll just keep to the content. I’ll figure it all out soon but without your “clicks”, what can I say other than “thanks” now go out there and say a “big thanks” to a veteran; we owe them.
Hope you enjoyed this post. I’m just a young 68 years old; my Dad became a broker when I was 13. It’s time for me to ‘give back’ to all of you what’s in my head. It’s not always pretty but it’s based on history . . . and history, unchecked, repeats itself as you are witnessing..
Everyone learns at their own pace. If you pick everything up the first time through, great but if not email me at david@thetickeredu.com so we can further help. Again, let me know what you want to learn, I’m all ears.
There are a few military movies that have a soft spot in my heart. The final scene in “An Officer & A Gentleman’ starring Debra Winger and Richard Gere is one of them. I guess there’s more than just one way to get teary eyed thinking about those who’ve served our country. I prefer this way versus playing “Taps”. It’s Alamo day tomorrow; off to see where some of our bravest perished giving their names and memories to the cities and counties we call Texas. Again, enjoy your day and take the time to say thank you to someone who served.