econophysics2020

See Much of a Trend?

The BLS jobs report shows a trend that’s years from a recovery. Total nonfarm payroll employment up 916,000 in March, and the unemployment rate edged down to 6.0 percent. But when you unpack things, it’s a bit squishy. The 916K was led by gains in leisure and hospitality, public and private education, and construction. LeisureContinue reading “See Much of a Trend?”

Call to the Post: XLF Ascending

Financial Select Sector SPDR Fund (XLF) presenting an increasingly well-defined ascending triangle. Consolidation likely in-process. Trade wisely, my friends

March 2021 Lower Troposphere Prints -0.01C v. 20-year Baseline

As the Sun enters the Modern Minimum, we continue to see temperatures fall versus the the 20-year warming period that just ended. Full dataset available here: http://nsstc.uah.edu/climate/ No surprise, the snowpack is starting to build at 2-3 sigma above long-term trends, and now at 500 gigtaons north of the 1982-2012 average.

Checking IDs Is Racist!!!!

Babylon Bee Exclusive: https://babylonbee.com/news/mlb-games-to-no-longer-require-id-for-buying-alcoholic-beverages US — Major League Baseball has announced that they will no longer be requiring any form of valid ID for the purchase of alcohol at all games. “We stand firm against racism and will never again require ID, and unfairly restrict people from purchasing alcohol,” said MLB spokesman Doug Wisacre. “DrinksContinue reading “Checking IDs Is Racist!!!!”

Crimea 2.0

“Forward, the Light Brigade!”Was there a man dismayed?Not though the soldier knew Someone had blundered. Theirs not to make reply, Theirs not to reason why, Theirs but to do and die. Into the valley of Death Rode the six hundred. Immortalized by Tennyson in his 1854 poem “The Charge of the Light Brigade” published in The Examiner, praising the brigade (“When canContinue reading “Crimea 2.0”

Solar Driver of Climate Change

Energy imbalance is central to understanding and explaining climate change. The NASA-Goddard simplified representations does not show any long-term imbalance; others (Trenberth, Fasullo, & Kiehl, 2009) show an “net absorbed” of 0.9 W·m-2. The U.S. Global Change Research Program (USGCRP) indicates a “Surface imbalance” of 0.6 ±0.17 W·m-2 (one appreciates the margin precision). Judith Curry observes taking into account all potentialContinue reading “Solar Driver of Climate Change”

Call the Bottom

Tim Knight (Slope of Hope): https://slopeofhope.com/2021/03/rates-and-banks.html#more-195553 Let’s start with the conjecture that bonds, by way of TLT, are going to have a multi-week bounce as interest rates ease back. If that holds true, I would speculate financial institutions are going to likewise ease back as interest rates beat a retreat.

“Why Have Elections if the Whole Thing Is Nothing But a Show?”

That lead quote can easily adapt to our Monetary Politburo – why have a market if the whole thing is nothing but a show? Of course, the “market” is about enriching those close to the Fed’s spigot. But, as I often do, I digress. Consider Imperium – the Emerald City astride the Potomac – andContinue reading ““Why Have Elections if the Whole Thing Is Nothing But a Show?””

Sesame Street Introduces ‘Todd’, A White Male Muppet Who Is Blamed For Everything

A Babylon Bee exclusive report: https://babylonbee.com/news/sesame-street-introduces-todd-a-white-male-muppet-that-is-blamed-for-everything Sort of reminds me of some Fortune 500 Woke companies I’ve frequented in my career. But, I digress. QUEENS, NY—In a courageous new episode of Sesame Street, the puppets teach kids about social justice by introducing a new character, Todd– a white male puppet who is blamed for everything wrong inContinue reading “Sesame Street Introduces ‘Todd’, A White Male Muppet Who Is Blamed For Everything”

60 Minutes Covers Wuhan Lab Leak as Cause of CoVid Pandemic

60 Minutes interviewed Jamie Metzl last night, a former NSC official from the Bubba Administration. Here’s Jamie’s street creds: Website: https://jamiemetzl.com/ Wiki: https://en.wikipedia.org/wiki/Jamie_Metzl Metzl begins by taking a baseball bat to the WHO “investigation”, blasting it as a “Study Tour” Jamie Metzl: I wouldn’t really call what’s happened now an investigation. It’s essentially a highly-chaperoned, highly-curated studyContinue reading “60 Minutes Covers Wuhan Lab Leak as Cause of CoVid Pandemic”