Chris Whalen on the 2025 Correction

When we compare Weimar Germany a century ago to Oligarch America today, it’s easy to get a sense of deja vu. So how does this play out? As always, Chris Whalen can explain: https://www.theinstitutionalriskanalyst.com/post/the-great-correction-of-2025 In this issue of The Institutional Risk Analyst, we focus on the global tendency toward inflation even as economists insist thatContinue reading “Chris Whalen on the 2025 Correction”

CCP/SARS-CoVid-19 Phylogeny Update

NextStrain update: https://nextstrain.org/ncov/global For the longest time, CCP/CoVid-19 has shown remarkable viral genetic stability – remarkable for a zoonotic pathogen that only “recently jumped” species. Even more remarkable in that the “jump” occurred without any known species as the vector. And further remarkable that CCP/CoVid-19 is ~96% similar to a virus “discovered” in an abandonedContinue reading “CCP/SARS-CoVid-19 Phylogeny Update”

Capitol Police Could Use a Refresher on Weapons Safety

US military weapons training provides a set of “rules” for safe handling and use of firearms. Army, Marines, Navy, etc., they’re all very similar. Here are 5 of the most important: Rule 1: Treat every weapon as if it were loaded.Rule 2: Never point a weapon at anything you do not intend to shoot.Rule 3:Continue reading “Capitol Police Could Use a Refresher on Weapons Safety”

Monetary Politburo News

The “Martens” at Wall Street on Parade weighed in today on the dynamics of endless money creation: https://wallstreetonparade.com/2021/02/wall-street-sends-a-message-to-the-fed-we-have-run-out-of-places-to-stuff-your-treasuries/ The practical dynamics. As in “where all this sh___ goes” dynamics. Recall we have a monetary politburo for all sorts of reasons you likely heard before – bankers want to offload their liquidity risk onto the public,Continue reading “Monetary Politburo News”

27% of Household Income now comes from the Government

USBEA Personal Income and Outlays: https://www.bea.gov/news/2021/personal-income-and-outlays-january-2021 Let’s think in terms of a good news/bad news joke. Personal income increased $1,954.7 billion (10.0 percent) in January according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $1,963.2 billion (11.4 percent) and personal consumption expenditures (PCE) increasedContinue reading “27% of Household Income now comes from the Government”

Second Largest Gas Withdrawal Recorded

EIA: https://www.eia.gov/todayinenergy/detail.php?id=46916 Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). Weekly stocks fell by 338 billion cubic feet (Bcf) in the week ending February 19, 2021, nearly three timesContinue reading “Second Largest Gas Withdrawal Recorded”

Ron Burgundy: Boy, that escalated quickly. I mean, that really got out of hand fast.

Was looking so good right up to crashing support. Wedges in bonds and stocks, to be precise. Can you say “fear and loathing?” I see a red door and I want it painted black. Count on Tim Knight (Slope of Hope) to explain this in metaphysical terms we can all understand: https://slopeofhope.com/2021/02/the-problem-with-distortion.html My point isContinue reading “Ron Burgundy: Boy, that escalated quickly. I mean, that really got out of hand fast.”

ERCOT Margin Call

ERCOT is a “just-in-time” energy market without a capacity market and missing the ability to “call” adjacent systems or ready-to-go capacity to cover supply shortages. And so, – surprise, surprise – market clearing prices can get rather spikey when confronted by high demand and limited capacity. As reported by Zero Hedge: https://www.zerohedge.com/commodities/texas-grid-operator-warns-defaults-credit-crisis-develops The Texas energyContinue reading “ERCOT Margin Call”