Wednesday, October 23, 2024

Gold and silver and yields, oh my

 

Prime Rib and Pork Chops and Scampi, Oh My

Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war.

Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session.

U.S. gold futures fell 0.9% to $2,734.60. ...

Spot silver fell 3.1% to $33.74 per ounce after hitting its highest price since late 2012 at $34.87 on Tuesday.

More.

Tuesday, October 22, 2024

New gold high $2,744.08

 Spot gold rose 0.7% to $2,739.81 per ounce after hitting a record $2,744.08 earlier in the session. U.S. gold futures gained 0.6% to $2,754.30.

More.

What a coincidence: Newsweek and now the CDC go after McDonalds

 



The world has grown to 8 billion because it gets 76+% of its primary energy from cheap fossil fuels, but Kamala Harris' energy adviser won't have kids and calls them the death cult

Fossil fuels have terrorized her into childlessness and hatred for individualists, whites, and men.

 





Kamala Harris' confused messaging on fossil fuels, reported by Politico and given publicity by CNN's KFILE, continues to melt down lol

Camila Thorndike, a top Harris-Walz campaign climate adviser, abruptly walked back her recent comments stating that Vice President Kamala Harris would be hostile to future oil and gas drilling as president—effectively reversing her reversal of the candidate's position.

In a statement Monday, Thorndike lamented that she wasn't clear enough when she told Politico last week that Harris is not "promoting expansion" of oil drilling and suggested Harris was not fond of a provision in the 2022 Inflation Reduction Act mandating fossil fuel leases. Thorndike serves as Harris's "climate engagement director."

"I didn't explain myself clearly here," Thorndike said Monday. "Contrary to Trump's claims, the VP has not banned fracking, doesn't support banning fracking, and in fact cast the tie-breaking vote on the biggest pro-climate law ever, which, yes, opened new fracking leases. People know that's her position." ...

It remains unclear how Thorndike's new statement clarifies her comments from last week. 

More

It's hard to run away from a former position which had no nuance.

Harris was, and remains, an extreme opponent of fossil fuels, a Kool-Aid drinker like Hillary Clinton who thought you could mandate solar panels on every home in the United States.

More importantly, her political support comes from the extreme opponents of fossil fuels, and they have to be assuaged as Harris runs away from them in order to win in pro-fracking Pennsylvania, at whom the Monday statement was aimed.

Harris' climate adviser is being forced by the campaign to say words she doesn't want to say.

 


 


"It's not staged when we do it"

 




The Terminator's ex-wife says the questions are pre-determined

 

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GM outperforms in 3Q assisted by pulling ahead truck production from 4Q lol, warns that and electric vehicles will be a drag man

 GM raises 2024 earnings guidance after easily topping Wall Street’s third-quarter expectations

GM CFO Paul Jacobson warned earnings will be lower during the fourth quarter, citing timing of truck production, seasonality, lower wholesale volumes and vehicle mix, including selling more electric vehicles. ... some of the company’s third-quarter outperformance was assisted by the automaker pulling ahead some truck production from the fourth quarter ...

It's not just the government which borrows from the future.

Monday, October 21, 2024

Gold briefly surged to new high $2,740.37 today

 Spot gold was little changed at $2,723.25 per ounce, as of 1:35 p.m. ET (1735 GMT), after hitting a record $2,740.37 earlier in the session. U.S. gold futures settled 0.3% higher at $2,738.9. ... Spot silver was steady at $33.66 per ounce, after hitting its highest since late-2012 earlier in the session.

More.

The greatest troll in U.S. presidential politics

 


In what will go down as the greatest troll in U.S. presidential politics, Donald Trump put on an apron, scooped up some fries and blew a hole in the HMS Harris-Walz. ...

And if you don’t understand what Trump did at McDonald’s and that it was a breakthrough in this campaign, then you don’t understand Trump or the country. ...

The cook who was too old, too tired and too senile to be president took the entire contents of the freezer bag labeled “Democratic Party” and emptied it into his metal basket.

Then he deep fried it in hydrogenated vegetable fat.

-- Phil Boas, "Trump went to McDonald's and fried Kamala Harris' campaign to a crisp" for The Arizona Republic 

Feelings decide presidential elections, and Trump just made people who eat at McDonalds feel good

  . . . feelings decide presidential elections, and the almost gleeful anti-American thrust of Biden’s presidency has given more than 60% of potential voters a feeling that we are on the wrong track as a nation.

More

 



The biggest loser of the Trump-McDonalds stunt

 


CNN's KFILE: Kamala Harris' campaign can't decide whether she's for expanded fracking leases or against

The campaign sprint isn't the only thing that's wild.

 


Even Trump's astroturfing is better than Kamala's




Trump serves french fries gently seasoned with liberals' tears lol

 


Barack Obama is a lyin' pos who could have made any such life-saving measures public long before now, but everyone knows they never existed

If they did exist, the lost lives are on him and no one else because he kept his mouth shut, which is what he should be doing right now instead of spewing lies to get Kamala Harris elected.

 


New York Democrat AOC thinks interrupting Philadelphia Eagles fans in their homes during the game is a political opportunity too good to be true

 



I guess Kamala Harris doesn't want the disgusting, dirty votes of Bucks County, Pennsylvania

 


Talk about joy!

He's doing the fries
He's manning the booth
He's serving the food
to the people that live there.
 
Woe Woe Woe Woe
Meow Meow Meow Meow
 
 

 

Sunday, October 20, 2024

Democracy is an everlasting reproach to politicks


 It would be an everlasting reproach to politicks, should such men overturn an establishment formed by the wisest laws, and supported by the ablest heads.

-- Joseph Addison

Saturday, October 19, 2024

Gee, why did "the government" become such a big issue in July lol?

 




Sometimes it's not the economy stupid: Headline employment under Obama didn't recover until May 2014, but he got re-elected in 2012 anyway

 Six years and four months went by: Jan 2008-May 2014.

And economic confidence actually declined from -11 in 2012 to -10 in 2014 when it did!

It's one of the craziest things in US political history, comparable to FDR getting re-elected throughout the Great Depression, which his economic experimentation only made worse.

By October 2012, 72% said the effects of the Great Recession were still the most important problem, compared to 43% today in October 2024, but it didn't matter that Obama wasn't solving it. He beat Romney anyway.

Is this one of those sometimes?

The same phenomenon may be happening today, but in reverse.

Harris stands to lose despite economic indicators which are chugging along in her favor, or at least not falling apart, to which those 43% seem oblivious.

Civilian employment in July and September 2024 remains near the November 2023 peak. Core inflation is still too high at 2.7%, but it isn't in the 5s anymore like it was for four straight quarters. Congress has thrown the book at the economy since 2Q2020, with nominal GDP growing at an astounding 9.84% compound annual rate because of pandemic spending. That's been a double-edged sword, however, exploding the national debt, inflation, and interest rates.

But economic confidence is Obama-like negative, and has been since it crashed during the pandemic in April 2020 to -32 from its highest level in 20 years under Trump just two months before, in February 2020 at +41.

Trump didn't shut down the economy in 2020, but governors sure did. It was a stark demonstration of just how quickly the wrong leadership can make everything go to hell in a hand basket overnight. The people today aren't wrong to lack confidence.

Ominously for incumbent VP Harris, Gallup thinks 2024 is most analogous to 1992, when Americans booted the incumbent Bush 41 even though the recession had ended more than a year before in 1991.

Majority of Americans Feel Worse Off Than Four Years Ago

WASHINGTON, D.C. -- More than half of Americans (52%) say they and their family are worse off today than they were four years ago, while 39% say they are better off and 8% volunteer that they are about the same. The 2024 response is most similar to 1992 among presidential election years in which Gallup has asked the question. ...

With a majority of Americans feeling they are not better off than four years ago, economic confidence remaining low, and less than half of Americans saying now is a good time to find a quality job, the economy will be an important consideration at the ballot box this year. As inflation persists and economic concerns dominate voters' minds, the upcoming election may hinge on which candidate can best address these pressing issues.

 






Democrat Senators (candidate) Baldwin, Casey, (Slotkin), Tester and Brown, who all voted to impeach Trump twice, now suck up to him in ads before election

 


Some of the most vulnerable Democratic senators in this election are using the closing stretch to boast about their ties to former President Trump.

Why it matters: Even candidates in presidential battlegrounds are now featuring Trump cameos in campaign ads — as Democrats up and down the ballot run to the middle.

  • The trend comes as split-ticket voting declines, making it more likely that a Senate candidate's fate will be tied to their state's presidential results. ...

What they're saying: "These Senate Democrats all voted to impeach President Trump twice, so it is surprising that they are now running ads praising his work as President," NRSC communications director Mike Berg told Axios in a statement.

More.

Democrats brought their Blue Wall of Conformity Tour to Michigan this week, populated by the nation's most liberal governors all wearing the same cute little uniform

Democrat governors Evers [WI], Whitmer [MI], and Shapiro [PA] stumped for Harris here in Grand Rapids, Michigan, on Friday, wearing cute little jackets of conformity emblazoned Harris-Walz Blue Wall Bus Tour.

"A swiftly organized bus tour", says AP, organized long enough ago to get their uniforms in order but apparently not the sound system.

"At an indoor farmer’s market in Flint, signs of an event that came together quickly were hard to miss. Music blared from an iPhone after the venue’s sound system failed. One attendee, Debbie McIntosh, said she received a 'last-minute invitation yesterday.' ... [Harris] faces challenges in each [state], including concerns about Black voter turnout in the largest cities — Detroit, Milwaukee and Philadelphia — and growing frustration over the Israel-Hamas war, which has angered both Arab American and Jewish voters."

The Democrat governors of Maryland (Moore) and Massachusetts (Healey) were also part of the tour, standing at the left in the photo, as was DNC Chair Jaime Harrison (not pictured), and . . . New York Governor Kathy Hochul lol, standing to the far right in the photo, next to Shapiro. Almost no story mentions Hochul, the governor of one of the very most liberal states in the country.

These are the people who can't abide an America for Americans, voter ID, freedom of speech, states choosing the president, the right to keep and bear arms, or the right of an unborn baby to breathe. It's almost beside the point that they can't abide Trump.

If you want your state to be just another brick in the wall where no one can hear you, Harris is your gal.



"Joy" is the new "Not a serious country"

 



Meanwhile Salena Zito tells us how it's going, and Zack Beauchamp is probably going to have himself committed

 

 

The fact that [18-year incumbent Democrat Senator Bob] Casey is running an ad highlighting how much he agrees with former President Donald Trump tells you everything you need to know about how Pennsylvania is going. ...

The latest Real Clear Politics averages have Trump with a slim lead over Harris, which is likely dicey not just for Harris but also for Casey.





"Weird" didn't work, try "bizarre" lol

 


 


In which we learn that Zack Beauchamp is just jealous, wishing he could be as perceptive as Salena Zito, dammit:

In late 2016, the Atlantic published a campaign trail dispatch by Salena Zito, a conservative reporter, exploring Trump’s appeal to his voters. The piece was forgettable save one line, a description of Trump’s relationship to his fans that has been quoted endlessly for the past eight years: "The press takes him literally, but not seriously; his supporters take him seriously, but not literally."...

If we took all of [Trump] literally, really integrated the reality of what these steps would mean into our daily behavior, it would be hard to live life normally. The specter of out-and-out authoritarianism, a crashing economy, and an international system shorn of the alliances that keep the global peace sounds apocalyptic. Actually trying to envision the enormity of this world is psychologically taxing; trying to live as if this were indeed an imminent possibility invariably leads to a life monomaniacally devoted to trying to stop it.

Poor fella knows he suffers from Trump Derangement Syndrome.

It's a cry for help.

 






Friday, October 18, 2024

We still live in a world of very diminished economic growth since The Great Recession

Real GDP 2007-2023, 16 years, compound annual growth rate: 1.905%.

All the other years, 1929-2007: 3.448%.

We're behind that by almost 45%.

Compare the 16 years of The Great Depression and WWII, 1929-1945: 4.743%.

Or the 16 years prior to The Great Recession, 1991-2007: 3.253%.

This is bad, but you knew that.

Gold new all time high: $2,714.00 per ounce (updated to $2,720.05)

 Gold raced past the $2,700 mark for the first time on Friday . . .. Spot gold rose 0.7% to $2,711.75 per ounce, having hit an all-time high of $2,714.00 earlier in the session. Bullion has gained over 2% so far this week. U.S. gold futures gained 0.7% to $2,726.90.

More

Updated:

Spot gold was up 1% at $2,720.05 per ounce by 02:58 p.m. ET (1858 GMT) and has risen 2.4% so far this week. 

U.S. gold futures settled 0.8% higher to $2,730.


Real Clear Politics' No-Toss-Ups Map shifts Wisconsin to GOP, Trump winning Electoral College 312-226

 


Thursday, October 17, 2024

Millionaire Tim Walz makes his 90-year old mother feed herself from her Social Security check

 Speech.

 


 

Israel stumbles onto elusive Hamas leader Sinwar in Rafah and kills him

Kamala Harris famously warned Israel of consequences from the US in March if Israel went into Rafah.

 


The liberal hive mind word of the day is "testy"

 


Hey look, the British Labour Party is trying to interfere in the US presidential election in favor of Kamala Harris

 


Biden buys the votes of another 60,000 people, topping 1 million so far, average loan forgiven in this round is $70,000 vs. $42,500 from FEMA for home repair assistance after the hurricanes

 It's great to be a College Democrat.

CNN reports that if your home was destroyed in the hurricane your  "current maximum amount for home repair assistance, for example, is $42,500." 

What was that about equity, Kamala Harris?

President Joe Biden, who has forgiven more education debt than any other president in U.S history, said that the number of borrowers to benefit from the program under his administration now exceeded 1 million. ...

The average student loan balance forgiven under PSLF is around $70,000, according to a rough estimate by higher education expert Mark Kantowitz.

Story.

Gold rises to $2695.39 per ounce, another new high

 Gold hits record highs on US election uncertainty, more policy easing

Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated.

Spot gold last rose 0.83% to $2,695.39 per ounce. U.S. gold futures gained 0.75% to $2,711.40.

Gold has seen a surge of over 30% this year, surpassing record levels, driven by prospects of further Federal Reserve rate cuts after a half percentage point rate cut last month and ongoing geopolitical uncertainties.

Hoo boy, in a democracy a party's candidate ought to win in the primaries before she becomes the candidate

 


Kamala Harris accidentally on purpose started the vaccine skepticism ball rolling in October 2020

 Here.


Wednesday, October 16, 2024

The vast majority in America is shunning vaccination against COVID-19 more than a month after availability according to the CDC


 

Reported on Friday, October 11th, 2024:

  • The percent of adults age 18+ reporting receipt of the updated 2024─25 COVID-19 vaccine is 11.2% (9.7-12.7), including 26.7% (21.7-31.7) among adults age 65+.

FBI quietly revises 2022 violent crime data without explanation after gaslighting the country for a year: 2.1% decline becomes 4.5% increase, DOJ report shows 55.4% increase in violent crime under Biden-Harris

 The new data includes thousands more murders, rapes, robberies, and aggravated assaults. The Bureau – which has been at the center of partisan storms – made no mention of these revisions in its September 2024 press release. ... 

It’s been over three weeks since the FBI released the revised data. The Bureau’s lack of acknowledgment or explanation about the significant change concerns researchers. ...

The updated data for 2022 report that there were 80,029 more violent crimes than in 2021. There were an additional 1,699 murders, 7,780 rapes, 33,459 robberies, and 37,091 aggravated assaults. The question naturally arises: should the FBI’s 2023 numbers be believed? ...

While the FBI claims that serious violent crime has fallen by 5.8% since Biden took office, the NCVS numbers [from the U.S. Department of Justice] show that total violent crime has risen by 55.4%. Rapes are up by 42%, robbery by 63%, and aggravated assault by 55% during Biden’s term. Since the NCVS started, the largest previous increase over three years was 27% in 2006, so the increase under Biden was slightly more than twice as large. ... 

At the beginning of this year, the media was running headlines like National Public Radio’s: “Violent crime is dropping fast in the U.S. – even if Americans don’t believe it.” “At some point in 2022 … there was just a tipping point where violence started to fall and it just continued to fall,” NPR claimed. But now the FBI has itself admitted its violent crime numbers were way off. ...

Gallup survey late last year found that 92% of Republicans and 58% of Democrats thought crime was increasing. A February Rasmussen Reports survey found that, by a 4.7-to-1 margin, likely voters say violent crime in the U.S. is getting worse (61%), not better (13%). A Gallup poll found in March that “crime and violence” was Americans’ second biggest concern, after inflation. But the media and politicians used the inaccurate FBI data to try to convince people that they were wrong.

Read the full story here.

Tuesday, October 15, 2024

Puto in the news, but Associated Press won't spell it out lol

 Mexico is struggling to stamp out a homophobic soccer chant ahead of the World Cup

 GUADALAJARA, México (AP) — Guadalajara is the capital of a Mexican state that is home to tequila and Mariachi music. It is also considered the birthplace of a less flattering tradition – a homophobic soccer chant that has cost Mexico hundreds of thousands of dollars in fines over the past two decades.

It’s no wild guess that the chant, a one-word slur which literally means male prostitute in Spanish, will be heard from the crowd in Guadalajara’s Akron stadium when Mexico hosts the United States in a friendly on Tuesday. Multiple sanctions from FIFA and campaigns by Mexican soccer officials to educate fans have not been able to stamp it out. ...



LOL, CNN's KFILE has really flipped the script, keeps going after Kamala Harris and Tim Walz on their hypocrisy

 KFile: Kamala Harris pledged to prosecute oil companies over emissions. Now, she’s praising their record US production

 “You should be really prepared to look at a serious fine or be charged with a crime,” Harris said in November 2019 when a South Carolina town hall attendee asked whether she would investigate companies such as Chevron and Shell for their role in contributing to climate change. ...

“And, not unlike the tobacco companies, after years — ’cause they’d done the research — they knew the harm that their product was causing. They were making so much money that they kept that secret — same thing with these big oil companies. And they need to pay the price,” she said. “So yes is the answer.” Harris made a similar promise when speaking with the liberal Mother Jones magazine a month earlier, saying, “Let’s get them not only in the pocketbook, but let’s make sure there are severe and serious penalties for their behaviors.” ...

Campaigning in Philadelphia last month, Harris pointed to the Biden administration’s record on increasing domestic oil production, telling voters, “We have had the largest increase in domestic oil production in history because of an approach that recognizes that we cannot over rely on foreign oil.” ...

Archived material from Harris’s 2020 campaign found more than a dozen mentions of prosecuting Big Oil either for pollution or climate change. Citing climate change as an urgent threat, Harris said aggressive action was imminently needed. ...

During a CNN town hall on climate change in 2019, asked whether she would sue ExxonMobil, Harris responded, “I have sued ExxonMobil.”

However, this claim was incorrect. While Harris did initiate an investigation into ExxonMobil for allegedly misleading the public and shareholders about the risks of climate change, she never filed a lawsuit against the company.

Biden-Harris administration buys votes in North Carolina using the fascist Chips Act just in time for the election

 CNBC doesn't even hide the fact.

Biden administration to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips

The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York.

Wolfspeed’s use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient. The North Carolina-based company’s two projects are estimated to create 2,000 manufacturing jobs as part of a more than $6 billion expansion plan. ...

The new Wolfspeed facility in Siler City could be a critical symbol in this year’s election, as it opened earlier this year in a swing state county that is undergoing rapid economic expansion in large part due to incentives provided by the Biden-Harris administration. ...

Wolfspeed CEO Gregg Lowe told The Associated Press that the United States currently produces 70% of the world’s silicon carbide — and that the investments will help the country preserve its lead as China ramps up efforts in the sector.

Lowe said “we’re very happy with this grant” and that the Commerce Department staff awarding funds from the 2022 CHIPS and Science Act was “terrific.”