Hi All! Boy, have things been crazy. There have been huge changes in my life and that continues almost every day. Soon I’m going to post an update about all that, but in the mean time, here are a few quick items I’ve thought of or encountered recently.
Brightening up one’s world can make a big difference.
One of the big changes in my life is that I recently moved into a new apartment in a new place. And one change I made to that apartment almost immediately was to replace the sad yellow light bulbs with much better 5000K LED ones. It cost me about $40 to do the entire apartment, including the tube lights in my “before/after” picture above. LEDs not only last years, but save electricity – which doesn’t much matter since I’m currently paying $.06 per kwh (God bless Texas!). But in most places where there is a utility monopoly and prices are much higher, it can be a real money saver. However, the biggest difference in my opinion is the way it brightens things up. I think it makes an entire room feel about ten years younger. But the key is to buy 5000K bulbs. 2700K seems to be much more common and anything at that level or below will give off that sad yellow light you don’t want.
Ryan Reynolds seems like a pretty awesome dude even when he isn’t playing Deadpool.
In the past I’ve talked about how much I love paying a fraction of what most people do for cell phone service thanks to Mint Mobile. Apparently at some point, Ryan Reynolds bought the company. And last week, he left a voicemail for all his customers. It was fun and funny, but it also informed us that we’re getting free unlimited data until the virus hysteria is over. It’s not only a nice gesture, but it put a smile on my face and brightened up my day. Additionally, I understand Mr. Reynolds, unlike many celebrities who simply want YOU to donate while their mountains of money stay parked right where they are, donated a substantial amount of his own money to virus relief efforts. It’s nice to see someone famous doing some genuine good in the world rather than simply virtue signaling to the rest of us.
The stock market is absolutely fucking bonkers.
16 million people have filed for unemployment over the last three weeks (not counting the backlog, which has to be considerable), earnings season is just about to begin raining fresh acid on everyone’s parade, businesses are scrambling to get their share of the massive deficit spending effort while the SBA and the banks scramble to figure out which way is up amidst the chaos, the economy remains mostly shut down, and the stock market is going…up. What the fuck is going on here? The only plausible explanation I can think of is that the “smart money” realizes this entire virus nonsense was blown absurdly out of proportion from the beginning and that the economic suicide program almost has to end sooner than it appears it will at the moment in order to avoid financial ruin for all of us. They believe they have already priced in most of the economic damage and are now trying to buy up assets at a discount.
The problem? Nothing appears to be on sale. Roughly two thirds of the value dip has already been recovered in spite of the fact that almost none of these companies are going to emerge from this unscathed and that there is almost no possible way we’ve seen anything more than the tip of the iceberg that is the damage that has already been done – and we’re not even attempting to start the economy back up yet which means the iceberg is still growing. Plus, our national debt was over 100% of our GDP before this mess – an unsustainable level. With Congress spewing trillions around like it’s going out of style and the FED printing more money than has ever been printed before, we are almost certain to face both a debt crisis with devastating budget consequences and inflation issues at some point in the not too distant future. Either taxes are going to skyrocket, inflation is going to skyrocket, or both. Almost any road we could take from here leads to pain on a massive scale and even the United States can’t ignore that reality forever.
My take? As I’ve previously mentioned, I’ve been almost 100% out of equities for a year and I’m happily staying out for the time being. I believe almost everything is ridiculously overvalued right now, virus or no virus, and it seems almost inconceivable to me that as the full extent of the damage becomes impossible to ignore, pricing won’t come back down to earth. I would be shocked if we didn’t see both the DOW and the S&P 500 below their recent lows again before the year is over and I have zero interest in buying any assets until we do.
Either some members of the media are getting very high before these press conferences or they are just trying to see if anyone is paying any attention at all. Or they just genuinely do want us all to burn.
In reference to the title of this post, on Sunday, a reporter literally asked President Trump why we aren’t shutting down the grocery stores and restaurant drive throughs. Perhaps I’m just a “far right” bonehead (far right encompassing basically anyone who isn’t far left in the minds of the media and its trained mob), but I can’t fathom this having been a serious question. Frankly, I don’t see how suggesting we cut off the food supply to everyone involves politics anyway, although I’m sure the media would find a way to construe it that way as they do everything else. Trump brushed the question off much more calmly and smoothly than I would have, given that this man had just more or less suggested we complete the process of turning this into a third world country, complete with roving bands of armed looters.
I sincerely suggest we choose this as the moment we stop listening to these psychopaths who clearly do not have the best interests of our country in mind. I don’t think this reporter could have gone much further with his question unless he had asked point blank why we don’t just start executing anyone who is witnessed coughing on the spot. The part I don’t understand is why. How does anyone, far left or otherwise, benefit if this country collapses into chaos? How does anyone benefit if we lose tons of economic production and our standard of living goes down? How does anyone benefit
if sorry, when corrupt politicians use this crisis as an opportunity to even further erode the foundation of freedom and liberty this country was built on as they have so many times before? I just don’t understand it. But I do know one thing. Unless we stop feeding the media monster, it is going to continue to tear us apart at the seams. Your move, America.