Time’s up.

 

Today's Tids Issue 5,200 

Loving a good crisis: 

 

 

I believe 70-80% of Americans are for term limits as long as it doesn’t affect their congress people. 

 

Summers before major elections always seem longer and hotter these days. 

 

Some of the new thinking on Wall Street is saying that the real cause of inflation maybe big retailers over estimating demand and over building inventories to meet it. Suddenly there is more supply than demand, typically a buyer's delight. Companies hate the costs of maintaining large inventories. Consumer should expect to see lower prices to ease the situation in warehouses. This will tend to slow and even reduce inflation regardless of the Fed actions. In other words, we may have natural return to normal. Investors prefer this as opposed to waiting for the Fed 

 

Although I doubt if that will have an effect on the high cost of housing. What amazes me is the modest homes going to $300 to 400K. Will they be a million in in five years? It’s nuts. 

 

“Always read something that makes you look good if you die in the middle of it,” --PJ O’Rourke 

 

The Question: 

A lot of pretty bad, and somewhat tedious movies have won the best picture Oscar. I always felt English Patient brought me to snoozerville. Name five movies that are considered worst to win Oscars.  

 

 

The Headlines: 

--Markets Open Stronger 

--46 Migrants Found Dead In Semi-Trailer Outside Of San Antonio. 

--# Die, F 50 Injured After Amtrac Derailment In Missouri. 

--Washington Commander's Owner Snyder Refuses To Accept Congress Subpoena. 

--Respected, Well-Liked ER, Law and Order Actress Mary Mara Dies In Saint Lawrence River Swimming Accident 

 

“Never wear anything that panics the cat.” --PJ O’Rourke. 

 

The stock markets seem a little happier lately, but wat until the first week in July when the Q2 results begin to arrive. July 17th has always been a day of reckoning.  

 

When buying and selling are controlled by legislation, the first things to be bought and sold are legislators. PJ O'Rourke 

 

Today is National Paul Bunyan Day. Why? 

 

I started to look for a specific quote today and then as you can see got caught up in quotes: I like this JFK quote which maybe should be revisited: “Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.” Ok, I’m getting off quotes. The opening quote was my own. 

 

Taiwan’s GlobalWafers, the third largest chip maker in the world is poised to build a $5Billion plant in the USA They need assurances that Congress will allocate a budget to fund the already passed bill to enable chip making expansion in the US. If not done by August, Global Wafers will move on, maybe to EU or Singapore.. (The CHIPS Act is intended to shore up America’s flagging chip industry as a hedge against China’s accelerated development of its own semiconductor capabilities and shift global production away from China’s shores.) This all seems more critical now as Chinese ships lurk off of Taiwan shores. There is a lot of serious important stuff going on in the US aside from what the headline writers like to push. 

 

Buddhist to a hot dog vender: “Make me one with everything”.  

 

Speaking of headlines, one this morning dramatically infringed upon the rational Premise/Conclusion concept. It said that the Supreme Court is collapsing because just 33% of Americans agree with the abortion decision. That, while huge on the Richter Scale is just one of many. Even this morning there is another SC decision on cocaine dealer/possession sentencing that had conservatives Gorsuch and Thomas joining more liberal members Kegan, Breyer and Sota Mayor in a decision that would reduce penalties.  

 

How do mathematicians scold their children.? If I’ve told you x times, I’ve told you x plus one times. 

 

The Answer: 

The movies mentioned most prominently multiple times in four surveys were in no specific order: Driving Miss Daisy, Crash, Around the World in 80 Days, The Greatest Show on Earth, Out of Africa, Shakespeare in Love, Dances with Wolves and Green Book. Those were the consensus losers. Some other worstees mentioned are Ordinary People, Titanic, English Patient, Chicago, Gone with the Wind, How Green was my Valley, Birdman and Cimeron. 

 

Did oyu hear about the guy whose father was so classless, he was known as a Marxist utopia. 

 

Now that Massachusetts Senator Markey may be retiring, maybe we should get back to honestly discussing term limits. After yesterday’s Friedman quote, a good reader told me that Friedman implied in a series of thoughts on the subject, “that unless congress adopted term limits, the country was doomed!” Yo, Nancy!