Where are all the electric cars? PoliticoPro.
Gasoline: President Biden is running out of options to tame soaring gasoline prices. Link here. Jennifer A Dlouhy and Chunzi Xu are the first nominees for the 2022 Geico Rock Award.
Got tobacco?
In 1902, the NYSE began trading stock in Philip Morris & Co. Ltd.
This was the greatest investment opportunity in the history of the United States, with 247,500,000% returns to date.
The dividends have been so extreme you'd own the company 5x over if you tried to reinvest. And, this, despite the stock market crash in 1929. Just saying. Link here.
If you don't own tobacco now, it's probably too late but there are so many other great opportunities.
Student loan forgiveness. There will be a lot written on this story over the next few weeks. Ignore. It's a non-story.
Oil production growth? Yup. Link here. But the production ramp-ups will only ramp up to projected DECLINES in output.
Without job losses, the definition of stagflation is not met. Link here from Peter Zeihan.
Twitter: for the record, if you have not noticed, my favorite "analysts" (note not all of these are on twitter):
- Peter Zeihan
- Bjorn Lomborg
- Josh Young
- Charles Kennedy
Twitter: for the record, those who have lost their mojo, assuming they ever had any:
- Art Berman
- John Kemp (great until he became "woke")
A guide to the generations. Link here.
Spain: wow, wow, wow. Earlier this morning I talked about the collapse of Spain. Now this, which just popped up on my twitter feed. "Details tbd, but the end of the world is coming to Spain."
Twitter: if you don't have a twitter account, get moving. You can completely control your twitter feed. I only follow about six accounts. If I miss anything important that would be of interest to me, one of those six accounts will re-tweet.
Russian oil: going dark. As is the entire Russian economy. North Korea on steroids.
Russian oil: even if the Europeans exempt pipeline deliveries, this would still knock two million bbls daily of Russian crude off the market -- Peter Zeihan. Link here.
Covid surge: much worse than it looks. Interesting NPR analysis. My wife tests herself frequently -- self-tests at home. If she is ever positive, her positive test won't be reported to the CDC. She is not alone; this is not unique. And she won't have more than the sniffles. She's had the two primary injections and two boosters. I'm over-due for my first booster.
North Dakota drought disappears. Link here. North Dakota's wet spring weather persists.
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The Book Page
If one enjoys this sort of genre, and at risk of becoming a progressive, I can't say enough about The Shores of Bohemia: A Cape Cod Story, 1910 - 1960 John Taylor Williams, c. 2022. The best part, on top of everything else, the history of so much great literature that came out of the Cape Cod population during this period.
It's kind of amazing how many of those books I have read and how many biographies of the various personalities I have read.
I've just finished with the section leading up to WWI; the section regarding WWI, and am now reading about the 18th Amendment, the 19th Amendment, the Jazz Age, and the great writer and literary critic Edmund Wilson.
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