So stocks are lower, but oil is up? Also, bond yields are up — and gold is lower? No, that is not the way sell offs happen and I cannot, for the life of me, take this seriously — just one week before Thanksgiving. For the love of God, stuffing will soon be consumed at an industrial rate. Pecan pies and larger than life goblets of wine poured down the gullets of millions of Americans — all fat and stupid, watching the ballgame on the television. You’d have to be a supreme moron to believe, mind you, that stocks pose any significant danger from now until then.
HOWEVER, the day after is Black Friday, which has nothing to do with African Americans — but instead it means that people black out fighting for toasters and microwave ovens — in order to secure discounts at large chain stores. To secure these savings, people live outside these stores for a week, live in tents on the street — just so they can barge in first into Best Buy or Walmart and earn the right to grab that very first toaster. This of course is the result of decades of eugenics, which has presided over the decrease of IQ inside of America. We’ve gone from a competent people, sporting IQs in the range of 100-110 to something in the order of 90-99. This might seem like a small difference to the average pleb, but it means the difference between waiting online for a week outside in the cold and instead buying it online from the comforts of one’s home.
With the lowering of the national IQ, the tale end of the subjects now sport most heinous IQs, so low it makes them practically invalids who only know self-aggrandizement thru sex, drugs, and booze. As the next decades press on, we could expect even more of the same, as America becomes so stupid — it literally fucks itself into a jambox that deserves no extrication. It is at this point when the true collapse will come and the stock market will spiral all the way to zero. What you see in front of your eyes is an Empire in decline — the latter days of greatness now wearing away like the leather on an old steering wheel.
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ugly fades in momo
I believe you meant dysgenics. Our politicians are in a vigorous competition to increase funding for stupidification.
Feathered Gravy Gods are nearly upon us! The sale of your house may have been helped by the Turkey Overlords. I left a prayer to the FGG’s (out of season) on one of your posts, asking them to bless House Fly, of course finishes with an OMEN!
The last three days have been pretty directionless. You have the real news about the Hong Kong Human RIghts Bill hammering markets overnight, only to once again be cancelled out by unconfirmed trade deal rumors.
Here’s something I haven’t noticed before:
Municipal bonds interest rates are lower than for US Treasury bonds. 10yr munis paying 25 basis points less than Treasuries!
https://www.bloomberg.com/markets/rates-bonds/government-bonds/us
Both are state and federal tax-free, so I don’t see any advantages there. Also, unlike Euro bonds, there are no central banks purchasing these. The only thing I can think of is that the municipal pension funds buy their own city’s municipal bonds. .
Can anyone shine a light on this?
It’s really confusing here in SF, not sure if a normal homeless encampment, or people waiting to buy vegan bread makers made from recycled tea kettles.