Locator: 46661FLASHBACK.
This is absolutely why I love to blog and why the blog is as eclectic as it is. Enjoy.
Check out the GDP, PCE, inflation rate, interest rates, etc.
S&P, NASDAQ: higher for 3Q21
- could post 6th quarterly gain
Jobs (yawn):
- up 11,000 to 362,000 vs 330,000 expected
- GDP, revised, 2Q: 6.7% vs prior 6.6%
- 2Q21: pce price index: core inflation, 2Q: 6.1% vs prior estimate, 6.1%
- ten year treasury: 1.538%
California bacon:
- across the state, newspapers are reporting skyrocketing prices for bacon; none mention the new California law, Proposition 12, that will come into effect January 1, 2022; one link here;
- pork producers appeal to US Supreme Court; link here;
- how severe is the bill?
- Prop. 12 requires each sow whose piglets are raised for uncooked cuts of pork sold in California – about 9% of North American sows – to have a minimum of 24 square feet of space. Because Prop. 12 applies only to sows, not to their offspring who are raised for meat, it will apply to well less than 1% of the 90 million North American hogs.
Hit and run: South Dakota attorney general reaches confidential settlement with widow. Link here.
- deer wearing glasses; carrying flashlight;
- hooves in passenger seat
European energy:
- Sweden recently shut down two nuclear reactors, giving in to faux environmentalist;
- country now firing up oil power plant to provide electricity: one bbl/hour; link here;
- this is going on around the globe; helps explain the surge in price of oil;
Mu? all that hand-wringing earlier this year about the "mu variant"? Eradicated.
Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here.
Investors, shale, link here, the usual suspects:
- XOM, CVX
- COP
- EOG
- PXD
- OXY
- CLR
Starbucks: increases dividend by about 10%; from 45 cents to 49 cents/share.
Disclaimer: this is not
an investment site. Do not make any investment, financial, job, career,
travel, or relationship decisions based on what you read here or think
you may have read here.
Chamath: I happened to see this interview live;
- CNBC anchor dumbfounded;
- "February, 2021: the Whale, Chamath went on CNBC to urge people to never bet against Tesla, or sell t their shares." HODL.
- In the interview yesterday, he admitted he sold off his entire position in Tesla.
- said he needed the cash to buy something better
- creep.
Word for the day: forecourt. That's what they call them in Britain.
Poster for the day: link here. NSFW.
Costs: the other day a reader asked why we were not seeing more drilling in the Bakken.
- one of many reasons: link here; but I don't think this is the big reason for the Bakken
Covid-19: vaccinations provide stronger protection than natural immunity. Hmmm. Link here.
China: further restricts power use amid widening energy crisis. Link to Tsvetana Paraskova.
Asian LNG: spot price rises to $200+ boe. Countries will now start burning oil at 1/3rd the cost.
- Transitory. This, too, shall pass.
Peak demand? LOL:
- rapid demand recovery hints at even higher oil prices; link to Tsvetana Paraskova;
- OPEC sees global oil demand growing until 2035; link to Tsvetana Paraskova;
Remember the name: Port of Fujairah. Link to Simon Watkins.
Dividends: paying dividend today.
- UNP: $1.07
- DVN: 38 cents
- Hess: 25 cents
- Ovintiv: 14 cents
Stagflation: link here, back to the "70's Show."
- read the comments, give me a break: interest rates, today: 0%; interest rates in the 70s: 14%;
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