The S&P 500 averaged 5,792.32 in October 2024 (the all-time high was on 10/18 at 5,864.67).
Nominal GDP was updated on Oct 30th at
Friday, November 1, 2024
Stocks remain wildly overvalued and seriously underperforming
Gold hit new record $2,790.15 this week before closing at $2,736.28 today
Spot gold fell 0.2% to $2,736.28 per ounce. Prices fell 1.5% on Thursday as some traders took profit after bullion hit a record high of $2,790.15.
More.
Remember when Drudge falsely told people the "feds" said stop taking baby aspirin to prevent heart attack and stroke in October 2021?
No, Joe Biden, it's not illegal to shout "Fire!" in a crowded theatre.
But it is irresponsible, just like this.
See, it's not just me
I hardly cover it anymore because I'd have to rebut almost every Drudge headline. That's boring, and a full time job without pay.
Just 49.7% had a full-time job in October 2024 vs. 50.3% in Oct 2023 and 50.1% in Oct 2022
Just one percentage point of current civilian population is 2.69 million full time jobs.
The trend is worryingly down for the middle class, which needs full-time jobs in order to buy homes.
The percent working full time in Jun 2023 almost but not quite beat the high under Trump of 50.98% in the summer of 2019, but that was 16 months ago.
The Jan 2024 low was lower than the Jan 2023 low, too.
NOT GOOD.
Better save your pennies.
12,000 jobs in October 2024 for Biden-Harris is almost as bad as zero jobs in August 2011 for Obama-Biden
Revisions to total nonfarm subtracted 112,000 jobs for August and September, too.
Thursday, October 31, 2024
Democrats sound the dog-whistle to legal and illegal aliens to go vote, Chinese non-citizen shows them all how to commit vote fraud at a polling place in Michigan
The Chinese man – a student at the University of Michigan – cast his ballot on Sunday and then reached out to local election officials later that day in an attempt to get the ballot back, according to a source familiar with the situation.
The man registered to vote at the polling place on Sunday, the source said. He used his university ID and other documents to demonstrate his residency in Ann Arbor while filling out a same-day voter registration forms, the source said. The Detroit News first reported the details. ...
WELL WHY WOULD HE DO THAT?
He's the sacrificial lamb, that's why.
All he risks is deportation for committing perjury and vote fraud. But there are millions of people here right now who should be deported for breaking the immigration law but Democrats won't enforce that law.
That's what's going on here: Don't admit you did it like this lunatic did and presto, nothing to prosecute!
But there is no mechanism to detect such lying, and Democrats aren't interested in creating one.
The rest of us are chumps, showing up with our drivers licenses thinking our id protects the integrity of the system when the system was deliberately designed with this giant same day registration loophole you could drive the entire communist party of China through.
The whole episode is a vote fraud instruction manual.
I wonder how much they paid him.
It appears that the student’s vote can’t be nullified after the fact and will be counted.
Washtenaw County Clerk Lawrence Kestenbaum told CNN ballots can’t be retrieved once they have gone through the tabulator. Unlike vote-by-mail, ballots cast at in-person voting locations don’t contain any identifying information about the individual voter, making it impossible to determine which one belonged to the student, Kestenbaum said.
“There’s a box of ballots underneath the tabulator and all of the ballots — they all look the same … there’s no way to go back and undo it,” Kestenbaum said in an interview.
Experts said this is a standard election procedure to maintain secrecy.
The story is here.
Yeah, let's blame the secret ballot now.
Core pce inflation averaged 1.6% under Trump, but is still averaging 2.7% in 2Q and 3Q 2024 under Biden-Harris, almost 69% worse
"That thing just won't come down!"
Wednesday, October 30, 2024
The Wall Street Journal: Trump is leading Harris among whites by 22 points, among seniors by 8 points
The late swing among older and white voters jumps out in the Emerson College poll. On Aug. 15, less than a month after she became the Democratic nominee, Ms. Harris trailed Mr. Trump by 12 points among white voters and was tied with him among all voters 60 or older. Since then, these voters have fled from Ms. Harris. By Oct. 26, Mr. Trump led by 22 points among whites and 8 points among seniors. ...
Prejudice can’t explain older whites’ recent flight from Ms. Harris, since she was already a black woman in August, when many more of them supported her. ...
Losing older whites is politically painful, since they tend to turn out at a high rate. They’re also overrepresented in key states like Wisconsin and Michigan.
More.
New record for gold: $2,789.73
Gold prices rose to a record high on Wednesday as uncertainty over the U.S. presidential election boosted safe-haven demand, with traders also awaiting economic data for cues on the Federal Reserve’s policy path.
Spot gold rose 0.5% to $2,788.89 per ounce after reaching an all-time high of $2,789.73 earlier in the session. U.S. gold futures gained 0.7% to $2,799.90.
Honestly, I don't know how Staten Island does it
The landfill site operated from 1948-2001.
Pennsylvania, Virginia, Ohio, and South Carolina now get New York's garbage.
The rest of the country gets California's.
Tuesday, October 29, 2024
Kamala Harris is keeping quiet about climate change because the so-called Inflation Reduction Act's climate provisions are going to screw America good and hard for decades, to the tune of $3 trillion
The climate policies she would offer promise huge costs for negligible benefits. It’d be one thing to ask for sacrifices that could save the planet. But even at a whopping official price tag of $369 billion over 10 years, the Inflation Reduction Act’s climate measures as written were likely to lower the projected global temperature in 2100 by less than 0.03 degree Fahrenheit. In reality, the IRA has turned out to be an even rawer deal. The cost has rapidly ballooned to somewhere north of $3 trillion over 30 to 40 years, even as emission cuts have been slower and smaller than predicted. No wonder Ms. Harris isn’t trumpeting it.
-- Bjorn Lomborg, here
Kamala Harris was the tie-breaking vote in the US Senate twice to advance the bill into law.
Joe Biden earlier today called Trump supporters floating garbage because a comic said something in bad taste at a Trump rally, and by evening Joe was walking that back
So you know he really did say it.
Meanwhile, Puerto Rico really does have a garbage problem.
COVID-19 hits record lows for October in national wastewater analysis from the CDC, vaccine uptake for 2024-2025 season languishes at 4.8% for children and 13.5% for adults 18 and older
Oct 15, 2022: 3.38
Oct 14, 2023: 3.81
Oct 19, 2024: 1.94 (low, approaching minimal)
Monday, October 28, 2024
Ford Motor loses $1.22 billion on electric vehicles in 3Q
Ford’s “Model e” electric vehicle unit recorded losses of $1.22 billion during the third quarter — less than it lost a year earlier, largely due to lower volumes and cost cuts.
Ford CEO Jim Farley told investors Monday that the company continues to believe in its EV strategy; however, the automaker has pulled back on many investments in the vehicles to focus on hybrid models.
More.
Tim Walz has Chicom bimbo eruption from 1989: Former lover spills the beans about how he used her for sex
Jenna Wang, 59, claims the VP hopeful showered her with gifts and seduced her at his poky staff accommodation at No. 1 High School in Foshan, Guangdong Province. ...
'Tim was very passionate and very romantic. I can still remember dancing with him to our favorite song, Careless Whisper,' she told DailyMail.com in an exclusive interview. 'The fact we couldn't touch or kiss in public just made it all the more exciting and intense when we were finally alone. We were deeply in love and I wanted to marry him and start a family. When it didn't happen, I felt very unhappy and sad. Tim's behavior was very selfish. ... This is a very crucial moment in history and a man like this does not appear to have the character and integrity to do one of the most important jobs in the world.'
Sunday, October 27, 2024
Ilhan Omar standing with billionaire Alex Soros is all about the Benjamins, baby
The parade of Democrats posing for this same picture this year has been really something.
Kamala Harris' dad was way ahead of 2006 Paul Krugman warning in 1988 that immigration hurt native born black Americans
“Trends in international trade have moved against U.S. workers,” [Harris] wrote. “U.S. immigration laws have been modified in ways that increase the influx of low-skilled workers, who compete with native-born youths and low-skilled adult workers for low-skilled jobs.
“This shift has been a particularly serious problem for blacks, who constitute a high proportion of the low-skilled adult workers,” according to the book.
More.
The New York Post's Jon Levine laughably tars this as merely a point of view "typical of far-left economic thinking on immigration".
But Marx viewed free-trade as an accelerant of social revolution precisely because it destroyed national identities.
The real revolutionaries who would destroy America are the enthusiasts for mass immigration, which dilutes and replaces the native born patriot population. Paul Krugman joined them in February, infamously flip-flopping to "immigrants make America stronger".
The free-trade libertarians of the Republican Party at The New York Post and The Wall Street Journal and the open borders Democrats are the same party.
Saturday, October 26, 2024
Cheap gasoline prices were key to the Trump-era "boom" for the bottom half of income earners destroyed by the Great Recession
Reported here in "Inflation-shocked low- and middle-income Americans may not spend normally for years":
“For a very large share of Americans, the bottom 60% are spending more on essentials than before the pandemic,” said Michael Pearce, Oxford Economics deputy chief U.S. economist. “The burden is hardest among the lowest income but also touches middle income. Spending patterns of low-income Americans will take years to recover.” ...
The last time low-income Americans’ discretionary spending fell this much, which was during the Global Financial Crisis of 2007-2008, it took five to 10 years for spending patterns to return to previous levels, he said.
“And the reason was gas prices fell,” Pearce said. Global oil prices fell by about 70% between 2014-16, which pushed pump prices sharply lower and helped low-income Americans catch up.
“It’s harder to see some revolutionary cost saving (like that) on the horizon,” he said.
Harder to see only if we continue with the green energy nonsense.
The opportunities are YUGE for Trump/Vance because ALL energy costs much more now.
It's not just gasoline. Get the government boot off the neck of fossil fuel producers and gasoline will come down, natural gas will come down, and electricity will come down.
Base energy from coal should be transitioned to nuclear, which works in cold weather and hot weather without fail just like coal, unlike natural gas, wind, and solar, which are fine where appropriate but not as base energy, the energy you must have when you need it when the sun doesn't shine, the wind doesn't blow, and the gas won't flow.
J. D. Vance knows:
Friday, October 25, 2024
I knew I'd seen Tim Walz somewhere before lol
 |
| Tim Walz pretending to be a white dude |
 |
| Uncle Joe pretending to be a general contractor |
Illegal aliens invited by Democrat scoundrels as reported by US Customs and Border Protection has been an historic invasion: ~ 14 million
Biden-Harris have let in at the very least 4 million of these, counting the minimum estimate of gotaways who have overwhelmed the ridiculous system and the known parolees. The largest standing army in the world is China's at 2 million.
Nearly three million foreign nationals illegally entered or attempted entry into the U.S. in fiscal 2024, according to data published by U.S. Customs and Border Protection.
The total reported nationwide was 2,901,142, with 198,929 reported at the northern border and 2,135,005 reported at the southwest border.
The data includes Border Patrol apprehensions between ports of entry, CBP encounters at ports of entry, and Office of Field Operations apprehensions nationwide.
CBP’s fiscal 2024 data, which covers Oct. 1, 2023, through Sept. 1, 2024, is the second highest reported under the Biden-Harris administration and second highest in U.S. history.
The highest total reported in U.S. history was more than 3.2 million in fiscal 2023, followed by fiscal 2024, fiscal 2022’s more than 2.76 million and fiscal 2021’s 1.95 million.
When subtracting the first three months of fiscal 2021, which occurred during the Trump administration, the number drops to 1,684,116.
No other administration has reported totals as high as these.
Combined, CBP apprehension/encounter data under the Biden-Harris administration totals 10,552,984.
This total excludes more than 2 million who illegally entered and evaded capture, known as gotaways.
CBP does not publicly report gotaway data.
The Center Square first reported gotaway data in 2021 after receiving it from a Border Patrol agent.
Retired CBP officials say the number is higher because gotaway data is underreported by about 20%.
The total also excludes 1,383,000 inadmissables released into the U.S. through two parole programs created by Department of Homeland Security Secretary Alejandro Mayorkas.
This includes more than 852,000 illegal foreign nationals processed and released into the country through the CBP One App and more than 531,000 Cubans, Haitians, Nicaraguans, and Venezuelans deemed inadmissible and released into the country through the CHNV parole program, according to CBP data. ...
The parole total also excludes the number of illegal foreign
nationals released into the country through at least another 10 programs
Mayorkas created. Federal judges ruled the parole programs are illegal;
House Republicans cited them as examples of illegal actions for which they impeached Mayorkas in February. ...
Under the Biden-Harris administration, a record 518,524 illegal border crossers were reported at the northern border, excluding gotaways, the highest in U.S. history.
-- Bethany Blankley, "Nearly 3 million illegal border crossers reported in fiscal 2024: Roughly 14 million under Biden-Harris administration, most in US history"
Thursday, October 24, 2024
Kamala Harris isn't the first Democrat to demonize a Republican as Hitler: It's a family tradition with a long history that works
CHICAGO, Oct. 25 -- A Republican victory on election day will bring a
Fascistic threat to American freedom that is even more dangerous than
the perils from communism and extreme right "crackpots," President
Truman asserted here tonight. ...
Truman prevailed by 4.48 points, winning 303 Electoral College votes.
Wednesday, October 23, 2024
Gold and silver and yields, oh my
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| 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.
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.
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