Clearing Out Just Some Of The In-Box -- October 19, 2023

Locator: 45823ECON.  

Sports tonight:

• NFL on Amazon Prime Video
• MLB: first pitch at 7:03 p.m. CT.

After a busy day of geopolitical news and economic news, only time for some headlines and comments:

• WTI is climbing a wall of worry, but incredibly slowly considering the news:
• known: tensions in the Mideast driving oil higher;
• unknown: how long this will go on; whether Hezbollah gets involved making this a more regional war;
• UAW: no news; but it certainly looks like GM and F have both placed their best and final offers on the table;
• regardless, by the time we get a contract, we're going to be getting into the holidays;
• for the US automakers, is CY over for all intents and purposes?
• October, November, December: that's one whole quarter;
• TSM: says tech has been through the worst; link here;
• Investing: the trusted 60-40 investing strategy has just had its worst year in generations; link here;
• my investment strategy has been 99-1 for as long as I can remember (99% equities; 1% cash);
• the bad news: hitting retirees late in life when they can least afford these downturns;
• Busing: I could be wrong, but it's my observation that blue states have favored busing ever since the 60s;
• all of a sudden, now in 2023, the blue states hate busing
• link here.
• A trend developing?
• former Trump legal advisor cops a plea in exchange for testifying against her old boss;
• the linked article at The WSJ implies she won't be the last.
• The energy transition is over. 
• The phrase President Biden used: "tremendous risk."

And it's his program. Ouch. 

************************
Jobs

Link here.