UST yields rose a net 1.31% in the aggregate week over week on 7/28.
DFF rises to 5.33% after the latest FOMC rate hike.
Year to date Treasury, Total Bond, Cash, and Total Stock performance using popular Vanguard funds:
VFISX +0.75% VFITX 0.90% VUSTX 1.58% VBTLX 2.05% VMFXX 2.75% lol VTSAX 19.99%!
Stocks have been the place to be, and cash has beaten even the total bond market.
Meanwhile stocks are obscenely overvalued at 169 using the latest report of GDP out Thursday:
Phoenix brings in refrigerated morgues to prep for heat-related deaths...
"as backup"
"we typically see a surge in intakes to the Office of the Medical Examiner (OME) in July"
Average temperature year to date is still below normal also in Yuma and Tucson.
Natural gas is twice as important as gasoline for America's energy needs.
eia.gov says the United States used 369 million gallons of gasoline per day in 2022. That's the equivalent of 13 billion kWhr/day last year.
America also consumed 88.52 billion cubic feet of natural gas per day in 2022. That's the equivalent of 26.88 billion kWhr/day last year, 2.06 times as much.
Gasoline is down 14.6% in 1H2023, natural gas 60.5%.
US Representative Nancy Mace (SC-1) is an unmarried used car. Twice married, two kids, 45 going for broke.
Assistant U.S. Attorney Lesley Wolf featured prominently in the testimony of two IRS agents who spent years working on the Hunter Biden investigation. Both Gary Shapley and Ziegler, the IRS whistleblowers, said Wolf intervened to stop multiple investigative steps from moving forward, including by preventing FBI agents from asking witnesses any questions about Joe Biden’s involvement in foreign business affairs and by tipping off Hunter Biden’s attorneys about a planned search of his storage unit.
Wolf worked alongside Mackler in the U.S. attorney’s office before Mackler’s departure. She and Mackler prosecuted a major case together, for example.
More.
The current value of ~208,874 tonnes of all the gold ever mined is only $14.47 trillion, so the discovery and mining of huge new supplies of precious metals could cause a deflationary depression . . . some day.
Launch date is October, arriving in 2029.
Meanwhile we can exchange worthless pieces of paper for all kinds of stuff made in China.
Seems fair.
The GOP seems more determined to go down with their captain than they did a month ago, however so slightly.
Meanwhile many-mucho-mega-multi-millionaire Vivek Ramaswamy, age 37, born in Cincinnati in 1985, surges to third place.
No kidding.
NFL coach comes out as gay in first for American pro sports...
Oh, sorry, I was thinking of a different team.
Here:
From the moment he opened his mouth at the first presidential primary debate in Cleveland, he took command of the discussion. Every voter knew he was going to build the wall, drain the swamp, and prevent radical Islamic terrorists from coming to America.
Yeah, build the wall.
Too bad about that.
One man's partly sunny is not another man's mostly cloudy.
“Think of President Xi. Central casting, brilliant guy. You know, when I say he’s brilliant, everyone says, ‘Oh that’s terrible,'” said Trump during the event. “Well, he runs 1.4 billion people with an iron fist. Smart, brilliant, everything perfect. There’s nobody in Hollywood like this guy. I got them to pay us $28 billion because they screwed our farmers for years.”
Checked yesterday:
Seattle, WA +0.2 degrees F
Baton Rouge, LA +4.3
Minneapolis, MN +1.1
DFW, TX +2.3
Grand Rapids, MI +1.7
Miami, FL +2.8
Pensacola, FL +3.3
Milwaukee, WI +2.2
Juneau, AK +0.8
Albany, NY +2.7
Tulsa, OK +0.2
Helena, MT +0.5
Omaha, NE +0.10
Concord, NH +2.2
Burlington, VT +2.7
Ft. Wayne, IN +2.1
Marquette, MI +1.5
Duluth, MN +0.2
Memphis, TN +1.5
The anomaly for Grand Rapids, where I live, year-to-date is 3.5% above 48.2 degrees F, the mean average annual temperature going back to the 1890s.
The peak full year anomaly for Grand Rapids was in 2012: 9.5% above normal.
So if 2023 is a climate emergency, what was 2012?
Factor in the 10 cities with below normal temperatures from the previous post and the 2023 anomaly year to date drops to +0.55 degrees F for 29 randomly chosen locations (my yellow legal pad has 28 blue lines).
Enjoy the beach.
Checked yesterday:
Denver, CO -2.9 degrees F
Redding, CA -1.3
Phoenix, AZ -1.2
Fairbanks, AK -0.7
Nome, AK -3.6
Death Valley, CA -1.7
Bismarck, ND -1.9
Cheyenne, WY -1.8
Albuquerque, NM -0.7
Portland, OR -0.4
If it's in The Grauniad, it's probably wrong.
To $32.518 trillion on July 12th.
It was $23.171 trillion on January 2, 2020, $9.347 trillion ago.
InflAtIOn Is sO OvEr.
"It's the TQ+ that I'm not going to support," she
said, referring to transgender and queer or questioning people.
