U.S. stock futures rallied early on Monday as strong manufacturing data out of China eased worries of a possible global economic slowdown.
At around 7:10 a.m. ET, Dow Jones Industrial Average futures pointed to a gain of 172 points, while the S&P 500 and Nasdaq 100 indexes were also in positive territory.
A private survey showed the country’s manufacturing activity expanded unexpectedly in March, at its fastest pace in eight months. The figures gave some much-needed relief to investors unnerved of late by fears of a global economic downturn. Early last week, equities came under pressure as bond markets indicated an impending U.S. recession.
The yield on the 10-year Treasury note recently dipped below that of the 3-month bill, in what’s known as a yield curve inversion. A yield curve inversion is seen as a trusted predictor of a recession. (my note: Right now the yield on the 3 month bond is 2.416, the yield on the 10 is 2.85, therefore there is no need to even mention last weeks hiccup as the inversion was not sustained. But, Lord knows, we can’t let Trump have any credit. I suppose, it was the only negative econ news that I have seen in a long while, so they had to glom onto it without fully understanding what it is or how it works)
Monday’s gains came after the S&P 500 notched last week its best start to a year since 1998 and its strongest quarterly performance since 2009. The broad index gained 13.1 percent in the first quarter, led by the technology sector.
the markets are a leading indicator. When the market thinks things are good, the market goes up, it goes down when the market thinks that bad things are coming or are happening.
Hence:
Monday is a busy day on the data front, with U.S. retail sales, manufacturing numbers, construction spending and business inventories due to be released.
The markets would not be up if they expected bad numbers
https://www.amgreatness.com/2019/03/31/white-liberals-and-the-cult-of-ethnic-sado-narcissism/
one note, tho, and I’ll be watching: for the past couple weeks I’ve seen some commentary that inventories are high/up/increasing, but no more detail than that, i.e., lawn mowers, fridges or paper towels? I know housing starts can impact appliance inventories but I haven’t seen numbers on new housing, either.
And in other news, how good are those China numbers?
Before I forget, if anyone listens to Dan Bongino’s podcast, you might want to catch it today, it’s supposedly hot. Something about what the hell has Mueller been up to for 2 yrs when he’s had to have known it was a hoax since day 2. I’m still dealing with Mia, back and forth to the vet, so I can’t listen live.
I think the 2020 presidential election will bring you some interesting responses should Donald Trump win. What do you think the odds are at the left will except those results? Slim or none? Will they riot? How many special investigations will they expect?
https://www.cnbc.com/2019/04/01/bond-market-treasury-yields-rise-amid-china-data-trade-optimism.html
Dow up 300 as well.
The yield curve remains right side up
https://www.cnbc.com/2019/04/01/majority-of-street-strategists-say-no-recession-coming-cnbc-halftime-report-survey.html
The S&P 500 just posted its best start to a year in more than two decades, and according to a majority of Wall Street professionals, the market outlook remains positive.
@ coldwarrior:
But Trump only cares about the rich. A growing economy doesn’t help people like you and I at all.
Just ask Bernie Sanders and the millennial generation.
Are you effing kidding me?
I’m in. We need someone in the middle. #2020
https://twitter.com/Comey/status/1112798033320796160
Here’s hoping the only thing you’ll be in during 2020 is prison. The psych ward.
April fools!
Trump tells you what he’s going to do, then he does it.
U.S. halts F-35 equipment to Turkey, protests its plans to buy from Russia
https://www.reuters.com/article/us-usa-turkey-f35-exclusive/exclusive-u-s-sends-message-to-turkey-halts-f-35-equipment-shipments-sources-idUSKCN1RD316
and
Lockheed gets $1 billion down payment for Saudi THAAD missile system
https://www.reuters.com/article/us-usa-saudi-thaad-idUSKCN1QL29E
Also, I understand Erdogan had some problems this last election.
@ eaglesoars:
If the f35 goes to Turkey who have SA400 Russian AA, then that radar system will learn to pick up f35 and send that data back to Moscow
right_wing2 wrote:
Millennials make great baristas, waiters, and bar tenders…and I tip well, so they will get some trickle down
coldwarrior wrote:
then we should also find a way to take those things out, wouldn’t you think?
coldwarrior wrote:
The Armstrong article I posted the other day was referring to yield curve problems in Europe and emerging markets. I can’t get my computer to cut and paste the text or the entire post for some reason. grrrr. In fact Armstrong makes the point that you do. The same is not true of the U.S. and no recession is indicated.
Marty expects volatility in Europe in May, which is why he is holding a Seminar in Rome in early May. So, we will see if he’s right by the end of that month.
eaglesoars wrote:
Oh no! They have to figure out what’s wrong with her. It would help if dogs could talk. In words I mean. They communicate all the time.
eaglesoars wrote:
I do know that car sales in China are down by 42%. Trends Journal writer Gerald Celente says there are thousands of protests going on in China over real estate going down in value and other economic issues. The media retains strict control over what goes on in China.
I wouldn’t be too quick to rely on their official data.
I have trust issues. I do trust a lot of what Armstrong says because of his astounding record. He always says that Governments don’t listen to his suggestions anyway unless there’s a crisis. CW recognizes the same design flaw in the Euro that Armstrong mentions. He was called in for his opinion on the euro, but they didn’t listen to him. A favorite expression of his is that “The majority is always wrong.”
yenta-fada wrote:
possible inflammatory bowel disease *sigh*
Pelosi will probably poison her.
Ocasio-Cortez: Democratic Donors Should Stop Donating Money to the DCCC
https://freebeacon.com/politics/ocasio-cortez-democratic-donors-should-stop-donating-money-to-the-dccc/
eaglesoars wrote:
Interesting. Nothing like announcing that you and your “justice” comrades get your funding from somewhere else. That doesn’t play well out here in the sticks.
@ Deplorable Martian Overlord:
She doesn’t want the DCCC to control the $$$, they came to destroy, not preserve
eaglesoars wrote:
Yep, and our side just needs to sit back and let them for now. Then take them out when they have revealed themselves to the public fully after we see who’s left after their internal war.
This is a fun thread on the Chinese financial numbers just released. Remember that I asked ‘how good are those Chinese numbers?’
yeah
The reports, when dug thru makes little mathematical sense, but it keeps the Chinese Party supplied with wonderful numbers , and its authors out of jail
Chart compiled primarily from figures from the just released sister report, the 2018 Financial Responsibility Report
a. In four years the Chinese Government has created 380 Trillion Renminbi or US$ 50.1 Trillion in Financial Assets out of thin air. The dollar value of these Financial Assets increased 22% in 2017 and its forecast growth of 8% for 2018.
.
.
.
When reviewing the figures you should observe the disparity between the Peoples Bank of China FINANCIAL STABILITY REPORT and those provided to the FINANCIAL STABILITY BOARD (Since the numbers are all being reported by the PBOC, they should be the same, right?).
Bullet points…
it gets better
https://twitter.com/adamscrabble/status/1103692486428553217
eaglesoars wrote:
If she’s lucky. I’d bet on a car accident or unfortunate fall from a great height.
@ eaglesoars:
Loved one of his entries:
“Because of an editing error, an article on Monday about a theological battle being fought by muslim imams and scholars in the West against the islamic state misstated the Snapchat handle used by Suhaib Webb, one of the Muslim leaders speaking out. It is imamshuaibwebb, not Pimpin4Paradise786”
eaglesoars wrote:
https://www.stitcher.com/podcast/renegade-republican-with-dan-bongino/e/59775917?autoplay=true
I think this must be it. It’s based on the fact that Stzrok and Page were the leading investigators and KNEW and TEXTED that the FISA document was a nothingburger. Mueller knew it at the same time (mid July, 2017)and still went full blast after Manafort, Papadopoulos, and Flynn. Bongino says it’s the worst political hoax/scandal in American history. He calls Mueller, paraphrasing, a tyrant of the Police State.
That one? Bongino carefully goes through the timeline and some of the people involved. I didn’t take notes, so you’re getting material from ancient little gray cells.
Is that the one
eaglesoars wrote:
Isn’t her diet already pretty limited? I wonder what could take down the inflammation that she could eat or drink. *sigh*
The “possible” diagnosis is one that fits almost every disease I have. It’s not very helpful to try and treat something that might be there…or not.
@ AZfederalist:
The Book of Islamic Humor is not on Amazon. I checked. There might be accidental Islamic humor, like the bit you just found.
I’d love to hear charges pile up against Omar. Like the Immigration fraud she committed by marrying her brother to get him into the U.S. Or her known ties to CAIR, i.e. muzz brotherhood.
https://lidblog.com/omar-campaign-finance/
@ eaglesoars:
Yup
Just like you said Eagles.
A House of Cards built on quicksand with an approaching hurricane!
🙂
Pope Francis used strong language to condemn populism Sunday, suggesting that it gains followers through fear as Hitler did in the 1930s.
“I see that many people of good will, not only Catholics, are a bit gripped by fear, which is the usual message of populism,” the pope told reporters aboard the papal plane returning from Morocco to Rome.
“They sow fear and then make decisions. Fear is the beginning of dictatorships,” he said. “Let’s go back to the last century, to the fall of the Weimar Republic. I repeat this a lot. Germany needed a way out and, with promises and fears, Hitler came forward.”
“I once spoke to a politician, a man that I respect and I will say the name: Alexis Tsipras,” he said. “And speaking of this and the accords not to let [migrants] in, he explained the difficulties to me, but in the end, he spoke to me from the heart and said this phrase: ‘human rights take precedence over agreements.’”
“This sentence deserves the Nobel Prize,” Francis said.
Hmmmmmmm
Hey Frank….So that would be the same Tsipras who got a start in the Greek Communist Party, an atheist who imposed capital control of the Greek banks stopping people from accessing THEIR money….but sent Greeks broke to stay in the EU.
The same Tsipras who has US$58 million personally….but is an avowed Socialist.
The same Tsipras who led the Greek Socialist Party Syriza, and used Greek navy land and State financing to build a mosque while cutting back public spending on citizens who are predominately Greek Orthodox.
The same Tsipras who supports the dictator Maduros’ tyranny in Venezuela.
But then, Obama got a Nobel Prize….so it’s in keeping you give this idiot one as well.
@ Aussie Infidel:
this pope is nothing more than a= south american, communist, liberation theology scumbag who has ZERO reason or standing to be running the church. every day i thank god that i converted to orthodoxy or this guy would have forced me out of the church and religion forever.
he is a hypocrite…nice wall ya got there, pope.
i’ve been there and i’ve seen it up close. its yuge and well guarded. keeps the riff-raff out quite nicely.
AZfederalist wrote:
He wrote in another tweet that he knows financial reports are boring so he inserted a little humor here and there to lighten things up. I have no idea if he’s right about anything, but I’ve learned from him and he’s a good read who doesn’t take himself too seriously.
yenta-fada wrote:
no, Willow’s is as she seems to be allergic to anything with feathers. The problem with Mia is her Aunt Bonnie – who also had IBD. That’s why we’re assuming the diagnosis for now. And yes, she’s on a special diet until further notice. Further notice may be the rest of her life.
yenta-fada wrote:
that’s probably it. I’ll try to listen tomorrow. The girls should be in daycamp (fingers crossed) and I’ll have some time to myself.
coldwarrior wrote:
you know, I think the whole Church thing is a scam on his part, Liberation Theology is just the horse he rode in on. He’s protecting pedos, he’s got crooks running the Vatican, etc. I don’t think the priesthood has been anything to him but a means to an end. I wouldn’t be surprised to find out he’s one of the KGB’s greatest creations.
Aussie Infidel wrote:
oh yeah, I remember him. But, to be fair, I think Goldman Sachs had a small part in that. They helped the Greek gov’t cook the books, so that they showed one set to the EU for admission and another for themselves. Goldman Sachs was Mephistopheles to Tspiras’ Faust.
An MIT linguistics professor was lecturing his class the other day. “In English,” he said, “a double negative forms a positive. However, in some languages, such as Russian, a double negative remains a negative. But there isn’t a single language, not one, in which a double positive can express a negative.”
A voice from the back of the room said, “Yeah, right.”
POPCORN!
AOC Gets Headlines but Showdown Is Coming With Moderate Dems
“This idea that progressives will engage in some sort of political terrorism against their own party is rooted in the fact they can’t count to 217,” he said, referring to the minimum majority number.
“If you don’t have 217, nobody is going to give a hoot about Alexandria Ocasio-Cortez, or any of the rest of the progressives, there won’t be any moderates and you won’t have the House majority.”
https://www.theepochtimes.com/aoc-gets-the-headlines-but-a-showdown-is-coming-with-moderate-dems_2862258.html
bedtime. nite.
The end of tax season means the end of my time doing technical support. I will be moving into a different project, supporting a large bank. There is a potential for a 50 Cent an hour raise, they pay $.50 extra on Saturdays, and an extra dollar an hour after 7 PM.
This will also make it easier I think when promotion opportunities, hub for me to move into one of those positions.
Actual good news, or at least the possibility of good news, from work!
Politico says it like it’s a bad thing
McConnell shuts down the Pelosi agenda
“Most of that stuff is really easy for Republicans in the Senate to message against,” said Senate Majority Whip John Thune (R-S.D.). “We think a lot of the ideas over there are crazy.
that’s cuz they are
https://www.politico.com/story/2019/04/01/mitch-mcconnell-democrat-bills-pelosi-1243627
@ right_wing2:
That is VERY good! I remember when I was in the corporate world and I did NOT want promotions because I liked my work. But as a woman, they got to check off one of their boxes if they promoted me. So, we made a deal. They gave me the title and the money and went away. I had a little more paperwork every quarter, that was it.
@ eaglesoars:
Yes, that is a good thing! If I do get the 50 Cent an hour raise, it’s more than I got as an annual raise last year. More than double what I got last year.
Raises are strange in my company. Every year we get all these political action alerts that the evil republicans are cutting disability services, but every year the last 4 years we’ve gotten a raise. Then this year they said it was going to be worse then ever, and we’ve gotten two raises for a jump of over a dollar an hour.
@ Deplorable Martian Overlord:
Is your company unionized?
McConnell to Trump: We’re not repealing and replacing Obamacare
McConnell said he made clear to the president that Senate Republicans will work on bills to keep down the cost of health care, but that they will not work on a comprehensive package to replace the Affordable Care Act, which the Trump administration is trying to strike down in court.
“We had a good conversation yesterday afternoon and I pointed out to him the Senate Republicans’ view on dealing with comprehensive health care reform with a Democratic House of Representatives,” McConnell told reporters Tuesday, describing his conversation with Trump.
[]
“I made clear to him that we were not going to be doing that in the Senate,” McConnell said he told the president. “He did say, as he later tweeted, that he accepted that and he would be developing a plan that he would take to the American people during the 2020 campaign.”
https://thehill.com/policy/healthcare/436973-mcconnell-to-trump-were-not-repealing-and-replacing-obamacare
third rail
I need a new laptop. The monitor on this one is going. Recommendations?
PC, not MAC. This one weighs about 3 lbs which is about right. It’s a Lenovo
@ eaglesoars:
I have an HP 19″
It’s nice, big enough too, full keyboard
@ coldwarrior:
mmmm, 19″ may be too large. This is my ‘family room’ device I use for nothing more that blogs and email while I’m in the kitchen, etc. I can pretty much put it in my purse. The one in my sitting room is the ‘work’ device.
You would think by now, AOC would learn to check her facts before she opened her maw. But nooooooo………….
Related: Chelsea Manning has been trapped in solitary confinement for refusing to answer questions before a Grand Jury. Solitary confinement is torture. Chelsea is being tortured for whistleblowing, she should be released on bail, and we should ban extended solitary in the US.
https://twitter.com/AOC/status/1113130491002187776
Dana Lawhorne, the sheriff in Alexandria where Manning is held: “Our facility does not have ‘solitary confinement’ and inmates housed in admin segregation for safety and security reasons still have access to social visits, books, recreation, and break time outside their cells”
https://twitter.com/RealSaavedra/status/1113196679388205056
hey y’all
nice
Microsoft announces it will shut down ebook program and confiscate its customers’ libraries
https://boingboing.net/2019/04/02/burning-libraries.html
@ rain of lead:
hi ya!
Staples has an HP 14″ for $380, weighs in at 3.3 lbs., and another for $300..
@ rain of lead:
but they’re giving back the money
That’s like somebody coming into your house and taking back the furniture they sold you. Here’s your money back. You still have to replace everything. I have over 800 amazon titles, it’s taken me years to build that library
*snort*
Brzezinski rips ‘woke’ left on Biden: ‘You’re eating those who can beat Trump’
https://thehill.com/homenews/media/436868-brzezinski-rips-woke-left-on-biden-youre-eating-those-who-can-beat-trump
@ rain of lead:
she’s right, tho. If a man is behaving in a manner a woman finds unacceptable, there’s always an elbow in the ribs, or some such, even in public. I’ve known men like Biden and never thought they were anything but affectionate. I’ve known men who have behaved in similar ways and got punched. I don’t like this business of not speaking up until it’s politically convenient/popular. We’re getting to the point where a guy can’t even hug a woman who’s a friend. How stupid is that?
eaglesoars wrote:
Nope. We’ve successfully fought off the SEIU twice now.
I am unemployed
@ eaglesoars:
Ever look at Chromebooks? Small and light. Not to mention cheap.
@ Possum:
so the biz finally imploded
PaladinPhil wrote:
I’ve heard of them but I don’t know what they are. What’s the difference between a Chromebook and a vanilla laptop?
Look at this picture. I think it looks like an extra-terrestrial’s idea of a human
https://www.weaselzippers.us/416326-julian-castro-calls-for-border-crossing-to-be-decriminalized/
eaglesoars wrote:
oh. I just googled it. nope. when I want something in the cloud, I’ll put it there, thanks.
rain of lead wrote:
Well, isn’t that special
rain of lead wrote:
Yep, got a call from accounts department on 02/19/2019 saying none of us would be paid on 02/22/2019
I asked owner when we would be paid and got fired
No one has claimed you will not be paid. Your employment is no longer required and is terminated as of yesterday. You will be paid through 2/19/19. Please arrange to return the keys and any other Altech property you may have in your possession.
On Tue, Feb 19, 2019 at 9:42 PM xxxxxxxxx wrote:
xxxxxxx,
As we will not be paid on 02/22/2019 for the two weeks you owe us then what arrangements have you made to pay us the next pay period?
I need answers, my rent is due in 10 days.
I was the only one working in the office full time. Company is dead now.
oh goody!
China’s latest quantum radar could help detect stealth planes, missiles
The quantum radar could ‘observe’ the composition of the target since, in the state of entanglement, the entangled photons remaining in the radar would show the same changes that transmitted photons would have when interacting with the target (known as quantum correlation).
https://www.popsci.com/china-quantum-radar-detects-stealth-planes-missiles#page-3
The question becomes: did they come up with this by themselves or did they steal it? If they stole it, then they’re not the only ones who have it.
I read a pretty good book about this not long ago. Can’t recall the title.
Did not get paid what I was owed until 03/13/2019 after I threatened my ex employer with legal action. And free of charge to me legal action!
Texas Pay Day Law says that an employer has to be paid the outstanding wages within 6 days of termination of employment, no matter as to the cause of termination.
@ Possum:
so where are you looking for a new job?
@ rain of lead:
what is the min per hour that you can take and survive?
ADT job numbers came in at 170k vs 250k expected. If the BLS numbers are that low, watch Trump go after the Fed.
“We shall soon be in a world in which a man may be howled down for saying that two and two make four, in which people will persecute the heresy of calling a triangle a three-sided figure, and hang a man for maddening a mob with the news that grass is green.”
internet wisdom
Attitudes regarding the Judge election in Wisconsin, yesterday: “View from Dane County (79% for Neubauer): The natives are restless.
View in the rest of Wisconsin (55% for Hagedorn): We’ll show those jerks in Madison who’s boss.”
Looks like we will have a conservative Judge ( Mr. Hagedorn ) in Wisconsin, leading to a conservative majority on the State Supreme Court. 🙂
greetings from my new HP laptop. They had a sale!
@ Canoe Convoy:
Nice local reporting. Good to know.
eaglesoars wrote:
I’m jealous. Stuff up here costs a fortune. BUT we have a new carbon tax that will make everything more expensive. The govt WILL NOT TELL US HOW MUCH IT IS. They just keep increasing it every couple of months. Kafka or Orwell? Left or right. There is NO leadership up here t5hat will speak for the so-called electorate.
What will it take to wake up a kingdom of sheep? No 1st amendment, no second amendment. Quebec (corrupt and entitled to the core) runs this country. You can get free child care in Quebec. %The productive parts of the nation pay for that. People are actually noticing they chose a nasty moron. No real opposition.
Imma come and live with eagles. lol
Meanwhile the politicians are blaming the media, even though Rep. Adam Schiff, Rep. Maxine
Waters, Rep. Jerry Nadler, Rep Ted Lieu, and many other political reps were every bit as bad as the ‘experts’. Some, like Schiff, are doubling down and will go on investigating Russian collusion until the media stops inviting them on morning shows to discuss the nothing that they found last week and the week before.
Oddly, no one is blaming the political arsonist who started the dumpster fire that is Russiagate.
The Russian conspiracy theory was invented by the Clinton campaign. It was used as a pretext for spying on Trump associates. And then became an argument for invalidating the results of the 2016 election.
And while the Republicans and Democrats tore each other apart over Russiagate, Hillary Clinton sipped her chardonnays and spent the evenings cackling madly at the TV while watching Washington D.C. burn.
by Sultan Knish on Russiagate.
@ yenta-fada:
yeah, but it’s looking more and more like Justine is gonna go down in flames.
rain of lead wrote:
Working backwards and doing some crazy math and spreadsheet stuff, that is how I knew I could move to Texas and what I needed to do.
If I look at what I put in savings over the last four years and subtract the equivalent hourly rate for what I managed to save it looks like between $14 to $15 per hour for a forty hour week and I will break even.
I would like to stay in the Southwest Houston area.
My lifestyle is not extravagant, a sushi meal once every six months…..
Unemployment here pays me $12.67/hour but only for six months.
So life is good at the moment but I am bored, and severely time shifted. Up all night, sleep all day.
I have to get my shit together again. The last four years at the job I was fired from were depressing. There was no future in it. I knew…
eaglesoars wrote:
That Nazi chrystia Freeland is lusting after the leadership of the Liberal party. Directly a Soros candidate. All of the liberals I know could never bring themselves to vote Conservative.
Justine keeps showing his vengeful stupidity as he throws everyone under the bus for not making him a billionaire who deals with utterly crooked SNC Lavalin. The export development bank has ‘loaned’ SNC untold millions. The World Bank refuses to deal with SNC, and putting them high on the list of corrupt international corporations. We have no idea how BIG this really is, but Justina has given us a peek beneath his skirt.
@ yenta-fada:
Well, I suppose Freeland could off Justine a trade – step aside for me, and I’ll make sure you’re never prosecuted
I’m out. nite