Today's Tids Issue 4,453
Panic...or not:
Maybe the National government
should give each household in America, hammocks. Maybe if more people just lolled
mindlessly under shady trees, the noisy irrationality of selfish discontent would
slowly subside and most would succumb to the pleasure of an uncomplicated divorce
from irrelevant minutia.
At the end of last week, the local
and state politicians patted themselves on the back by lauding the opening a
new foot bridge across the river in downtown Providence RI. It was quiet an
attractive addition to the cityscape, despite the constant delays whopping $2 million
cost. But cost isn’t what pushed me to type this Tidlet. Within three days it
was full of trash and litter, and smeared with Graffiti! Nothing speaks more to the lack of responsibility
of average citizens than trash and litter. and disregard for shared aesthetics.
Yesterday I revived an email
from CBS Sports exclaiming that they have the NBA Christmas day game line up! I
personally believe that Christmas means a little bit more than basketball
games.
Even Mayor de Blasio thinks
that the death of Epstein was much too convenient.
In the days to come one
of the great tasks of daily life will be trying to determine if you are talking
to a person or their hologram. Yikes!
Maybe today was the wrong day for
the hammock Strategy. The market is vibrating for all the wrong reasons. The Tids
crack Financial staff will be keeping a close watch on the stock market this Morning,
Timing is everything, So far Helium was up, and feather were down; paper was stationary.
The Question:
In what years since 1965 have we had an inverted yield
curve?
The Headlines:
--Yield Curve Inversion Has Fears Of Global Recession
Rising; Spread Between 2-Year Ad 10-Year Yields Negative For First Time Since
2007; Stocks Open With Huge Drop; Down 598 Approaching Noon EDT; Economic Data
Weakening For Europe And Asia.
--Epstein Guards Slept Through Cell Chick, Falsified
Records According To New Report.
--Satellites Reveal Chines Military Vehicles At Hong
Kong Border.
--Fears Growing Of Russia Missile Explosion Nuclear
Contamination.
--The Few Americans Who Still Remember US History
Recollect Big Anniversary Today; HST Announced Japan’s Unconditional Surrender
74 years ago.
Let’s hope stock market
gurus get off their hammocks and do something about the negative yield curve.
I ask for suggestions from time to
time to keep the Tids fresh, hopefully. As many of you remember, over the years
I have written 4 complete novels and one looking for a solution and just inches
away from the finish line. Some of you have said, “I try but I just can’t get into
the novels. But many others have said, “The novels keep me going and allow me
to escape from some of the other drivel in the daily morning intrusion.” And
low and behold, one good reader suggests that I begin a new one. It’s time. I
am searching my brain for a plot as I Type. We’ll get there.
In our continuing look at the progress
of the market today, we find that Caterpillar is inching up and that pencils s have
lost a point. Diapers remain unchanged.
Correction, Department:
Yesterday I said the length of the annual Alaska Iditarod
would be five times around the border of the little state of Rhode Island. I
was wrong by a lot, It would take twelve times around the outer border of the
smallest state to complete an Iditarod.
Ae you beginning
to think that the President believes he can manipulate the stock markets with
Tweets. This
is not[RH1]
generally a good practice for the stability of the greatest economy in the world.
But, I hope his finger go numb trying to solve the inversion thing.
Red Sox fans are tuning out
and tuning into the Barrington Rhode Island Little League team in Williamsport.
The stock market is weird. Every
time one guy sells, another guy buys, and they both think they are smart!
[Note: I get reader emails from time to
time saying they didn’t get a Tids issue and
it ruined their day! (They didn’t really say that.) But, it is a fact Tids get
lost or excommunicated by the internet morality powers. So, when missing a
Tids, go to worldviewetc.blogspot.com, and enjoy without interruptions.]
Until this month,
I used to have a pretty reliable source for daily bad puns to pump up the Tids,
but, this month it has been deflating.
I have refused to publish
any of the monthly suggestions so far. As an example, here’s is today’s
attempt: “What’s a lima bean? I don’t know but now it’s a Madagascan primate.”
I’m guessing it’s a play off of Lemur monkeys native to the island, but I’m not
laughing or even groaning. Just kind of queasy. But then, I’ve never been a
vegetable person.
Let’s just hope that the next wave
of young Americans getting into politics are not doing it to emulate toady’s
crop of hyperbolic dissemblers.
This just in.
The market for raisins has dried up, but exercise weights were up in heavy
trading. Escalators continued their slow decline, and hiking equipment was trailing.
Yesterday was one of those days
of summer rains where you didn’t have to worry about what you scour be doing to
take advantage of the sun and warmth.
The Answer:
The December1968 inversion brought us the January 1970
recession. Here are the rest if the inversion starts and the subsequent
recession years: Jun-73 (Dec 73), Nov 78, (Feb 80), Oct 80 (Aug 81), Jun 89
(Aug 90), Jun 00 (Apr 01) and Aug 06 (Jan 08). Right now, we have seen inversions
in May and today, and are in the recession To Be Determined Mode. It could hold
off until November 20, but it will be painful today. I’d explain how the inversion
works, but it gives me a headache.
I thought today
was going begin with a harmless Tids morning until somebody inverted the yield curve.
Why do they do things like upsetting curves? They should know by now how skittish
investors can be.
I’m also hoping there
won’t be a power inversion that knocks out this Tids before I save it.
A long-term investment
is a short-term investment that failed.
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