Locator: 45608ECON.
Tea leaves:
- "we" will feel the hard landing in early 2024; the combined consequences of auto strikes, the government shutdown; 8% mortgages, $100-oil, post-holiday credit card debt; increased streaming fees; at least two more rate increases -- either anticipated, announced, or already in effect; a DOD debacle orchestrated by GOP Senator Tuberville; a White House in crisis-mode; the meltdown of the Trump organization in NYC.
- why does the image of "Dr Seuss" flash in front of my eyes whenever I see the word Tuberville -- when it should be Mr Potato Head, I suppose;
- pundits will call it a recession but we won't know until historians / economists label it as such much later -- by then no one will care and it will be safe to call it;
- by definition, generally defined as two quarters of negative growth, but along with most things these days, "recessions" are defined by how "we" feel at any point in time;
- and right now, it's feeling like a recession according to many airheads that talk about these things
- "airheads" -- talking heads on CNBC: head shots of those talking on the air. Sort of like Rush Limbaugh's info-babes.
Any good news?
- NFL TNF tonight;
- incredibly beautiful Texas weather; ragweed season winding down
- Evan Williams bourbon still $11 at Total Wines and More
- Covid-19 receding faster than my hairline
- Americans in favor of vaccine — link here.
- no sign of "seasonal flu" yet. We'll know more tomorrow; and,
- the most recent 3Q23 GDP estimate -- whoo-hoo!
Most recent 3Q23 estimate: 4.9%
I believe this is the strongest GDP estimate / economy in the western world, and probably the universe, now that China is imploding.
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The Book Page
We're nearing the end. [Later: completed, September 29, 2023 -- 44 pages of notes; 13 pages of bibliography; and, 15 pages of index.]
Lexington was born March 17, 1850.
Retired / last race: April 14, 1855.
By 1865, his owner was worried about over-breeding and began offering Lexington on a limited basis only -- at staggering prices.
His most fertile year had been in 1859, when, as a result off servicing eighty-three mares, he got fifty-two foals.
But amazingly, at the late age of sixteen in 1866, having survived the Civil War -- another story in itself -- he covered forty-nine mares with a resulting thirty-seven live births. His potency remained high thereafter.
Of those foals born post-Civil War, nearly all would race to success, earning Lexington recognition as America's leading sire year after year.
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The Book Page
Inside the TikTok world of Jane Austen.
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The Book Page
The seventeen best book covers of September, 2023.
I don't think I ever cared about book covers until .... The Great Gatsby. Then, Catcher in the Rye. And that's about it. But let me think about that for awhile.
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