Odds And Ends -- Wednesday -- July 22, 2022

Tea leaves: hardest hard landing ever. Recession:

• either;
• one of the briefest ever, lasting less than two quarters; or,
• one of the longest, severest ever.

My reading of the tea leaves: too early to tell. But early signs suggest one of the severest recessions ever, but not necessarily a long one.  Things to watch:

• housing prices:
• unemployment numbers

For investors:

• it looks like two years of buying shares on steep discount.

We can start here, link here: this is a most incredible story.

• Dos Bocas: dos joke

White House press secretary: has anyone really listened to this bimbo?

Oil companies: instead of "trading barbs with the president," simply announce huge dividends and pull the rug out from underneath this rube.

AMD is the one to buy: MS link here. 

Politics: 

• Trump: winning some, losing some:
• Trump: a pariah right now.

Wow, wow, wow: Chevron - Cheniere partnership. Link here. 

Chevron Corp on Wednesday signaled its move into the booming U.S. liquefied natural gas export market with two agreements designed to increase sales of its shale gas to global markets.

Top U.S. gas producers have been striking deals with LNG developers to tap skyhigh global prices with demand forecast to double by 2040. The United States is expected to become the largest LNG exporter this year, leapfrogging Australia and Qatar.

In deals disclosed on Wednesday, Chevron agreed to buy 2 million tonnes per annum (mtpa) of LNG each from units of Cheniere Energy Inc and Venture Global LNG. The deal with Cheniere would include first deliveries in 2026 and continue through 2042.

OXY: BRK-B buys more OXY; apparently 9.55 million more shares.

Greta: no longer a cute 8-year-old:

• Swedish activists call for investigation into Greta's link with a Russian NGO directly funded by Russian foreign ministry during 2019 - 2021.

Employment: US unemployment near a 70-year low. Link here. 

Three-month tax holiday: Congress -- not only "no," but "hell, no."