Migration: pending home sales hit all-time high. I love it when unmarried millennial journalists, who have no children, own no car, and have never been west of the Hudson River, come up with these explanations: "August pending home sales soar to a record high, fueled by rock-bottom mortgage rates."
Hellloooooo ... mortgage rates have been at rock-bottom rates for two (?) years. What fueled home sales in August -- mortgage rates were helpful but why now? Why not a year ago? Why not six months ago? Why not six months from now?
Moms.
Moms are moving their families out of places like NYC to where it's save from BLM, defunded police departments, Covid-19 craziness, school teachers on strike, and the list goes on and on and on.
Remember: Americans, back in March, were under the impression the Covid thing would end before Memorial Day. Now they realize, Dr Faust was talking about Memorial Day, 2022.
Moms.
Sometime after Memorial Day, Moms realized Covid was not going to go away any time soon, certainly not before the beginning of this next school year.
Moms are moving their families out of places like NYC into the suburbs, across the river, upstate, out of state, anywhere -- just to flee BLM, Antifa, Covid-19.
Families were moving in August to get settled in their new school districts. This is not rocket science.
Another link here: https://www.breitbart.com/economy/2020/09/30/flight-from-the-cities-pending-home-sales-hit-all-time-high/.
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The Vaccine War
Speaking of "the" vaccine, this book has just been published, The Doctor Who Fooled The World. The modern anti-vaccination movement persists even though the research that started it has been completely debunked. Line to The WSJ.
Elon Musk: says he won't get the "Covid-19 vaccine" when/if it becomes available. Calls high school graduate Bill Gates a "knucklehead." Link here.
Kash 'n Karry: another guy who doesn't get it. Says a vaccine is needed to get to "normal economy." He would do well to read the history of the Spanish flu. Lots of books in the local library on Spanish flu. Link here. Remember, this is the guy that wanted to shut down the economy for another six months or whatever it was.
The rally is coming. Link here.
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Miscellaneous
Never mind. Nikola postpones "Nikola World" event as original GM partnership deadline passes by. Fool me once, shame on you, fool me twice, shame on me. It will be interesting to see if GM signs on as partner. Link here.
Commie: it is beyond dispute that James Comey is the most dishonest and corrupt FBI director in US history. Which is really saying something given J. Edgar Hoover's history. Link here.
Peak oil? What peak oil? Equinor announces a new oil and gas discovery -- in the Swisher prospect offshore Norway; 13 - 38 million boe. I thought Equinor was giving up on oil and turning to wind and solar. LOL.
COP: will restart buybacks.
US crude oil supply: in days -- back to 37 days. Link here. This is really an interesting exercise, calculating days of supply. In a normal year, one could probably just look at history but now, with Covid-19, it's much, much more difficult. If Joe Biden shuts down the country again like Kash 'n Karry would advise, that would change everything.
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Waggoner Of Ft Worth
Texas Monthly: "The Texas 100: Money Becomes Electra."
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Twin #2
Grandson #2.
Seven months old.
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