Natural Gas Fill Rate Slightly Over Magic Number Of 100 -- October 9, 2014

The magic number is 100.

More is better if one is worried about preparation for the winter.

The number today: 105. At the link, scroll down to see the graph.

See "NG_Fill_Rate" at bottom of blog for past posts on this subject.

This link probably explains the most.

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ObamaCare: The Gift That Keeps On Giving

CNBC is reporting:

Obamacare has only gotten passing attention this election season, but it is likely to return as a hot topic early next year. That is because during the 2015 tax filing season, millions of low- to moderate-income taxpayers will likely first learn that they exceeded the income eligibility levels for the Obamacare subsidy they received in 2014 and will need to repay the government. This repayment could result in a sufficiently abrupt and targeted reduction in consumer spending that could delay the Federal Reserve from starting to raise short-term interest rates, which the consensus view expects to occur in March, coincidentally contemporaneous with when this looming "consumer cliff" hits.

Those advising investors may find this interesting. We're not going to see any significant increase in the "Fed rate" while Mr Obama is still in office. It will kill any hope of recovery.

I think there are two other story lines that are much more interesting. The folks that will be most affected are those who spend almost all their cash/money as soon as they get it; they live month-to-month; they are not savers. A lot of money is not going to be spent at Wal-Mart or the local Dollar Store. The second story is that a lot of folks who have never gotten a letter from the IRS before will be shocked to get a letter along with their refund that tells them they need to reconcile what they told ObamaCare when they applied and the income they are reporting to the IRS. 

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Global Warming

Antarctic ice: extent reaches all-time high record. Climate scientists say they are baffled.

Sea ice surrounding the Antarctic continent reached its maximum extent on September 22 at 20.11 million square kilometers (7.76 million square miles). This is 1.54 million square kilometers (595,000 square miles) above the 1981 to 2010 average extent, which is nearly four standard deviations above average. Antarctic sea ice averaged 20.0 million square kilometers (7.72 million square miles) for the month of September.

This new record extent follows consecutive record winter maximum extents in 2012 and 2013. The reasons for this recent rapid growth are not clear. Sea ice in Antarctica has remained at satellite-era record high daily levels for most of 2014.

Oceans not a heat sink: NASA scientists also baffled. Oceans have not warmed measurably since 2005. "Measurably" is the key word. I assume the NASA computer models show that the oceans have, in fact, warmed. LOL.

North American snow cover for September sets record -- highest on record.

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Popular Book Fill Rate

Rush's new book is #2 at Amazon.com and #3 at Barnes & Noble in pre-orders.