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What You Will Find When You Follow the Money

What You Will Find When You Follow the Money It has been a rough go for California Governor Gavin Newsom.  Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping.  Somehow the bureaucrats in Sacramento undercounted new coronavirus cases by as many as […]

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Dramatic Photos: Desperate For Provisions, Thousands Of Cars Line Up At Texas Food Bank

Dramatic Photos: Desperate For Provisions, Thousands Of Cars Line Up At Texas Food Bank Dramatic images released this week show thousands of cars  stretching for miles, lining up for provisions at a Texas food bank as the state continues to deal with the effects of its coronavirus outbreak. At a food drive held in Dallas […]

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Blain’s Morning Porridge – Aug 11 2020 – Who Pulled the Plug?

Blain’s Morning Porridge – Aug 11 2020 – Who Pulled the Plug? “Unnervingly coherent and laughably mindless” This morning’s opening quote isn’t an independent assessment of the Morning Porridge – but is lifted from a newspaper article on Artificial Intelligence.  It ends on a very scary tag: the AI is asked if it is conscious […]

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Europeans Are Waking Up to Government Covid Tyranny. Why Are We Still Asleep?

Europeans Are Waking Up to Government Covid Tyranny. Why Are We Still Asleep? Tens of thousands of Germans marched through Berlin on Saturday, proclaiming a “Day of Freedom” and demanding an end to government-mandated face masks and “social distancing.” The UK and Netherlands also saw large protests against their governments’ tyrannical actions in response to […]

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SELCO: Pay Attention Because Your “New Normal” Should Be Survival Mode

SELCO: Pay Attention Because Your “New Normal” Should Be Survival Mode In one of the articles a few weeks ago I mentioned stuff about adapting, and I used “boiling the frog” story as an example of how situations that slowly deteriorate can make us lose our sharpness. We get accustomed to situations, things, or actions, and we […]

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GDP & Consumer Confidence in Crash Mode

GDP & Consumer Confidence in Crash Mode The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died […]

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Chevron Shares Slide After Recording Historic Quarterly Loss

Chevron Shares Slide After Recording Historic Quarterly Loss Chevron Corporation reported a loss of $8.3 billion for the second-quarter 2020, the worst quarterly decline in a generation, and warned: “COVID-19 significantly reduced demand for our products and lowered commodity prices.”  Chevron lost $1.59 per share on an adjusted basis while recording revenues around $13.49 billion. In the same quarter last year, […]

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We Are On Our Own In The Post-Covid World

We Are On Our Own In The Post-Covid World It’s time to be our own heroes, because those in charge sure won’t be Even before the coronavirus pandemic hit, things weren’t all that great for the bottom 90% of households. The median household was barely scraping by with ultra-low financial reserves, meager retirement savings and […]

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More Than Half of Business Closures are Permanent

More Than Half of Business Closures are Permanent A Yelp study finds that 55% of business closures are closed for good. Yelp reports Increased Consumer Interest in May correlates with more Covid outbreaks and closures in June and July. Consumer Interest vs Outbreaks Business Closures Fluctuate Across the Nation There were 140,000 total businesses closures on […]

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People want a greener, happier world now. But our politicians have other ideas

People want a greener, happier world now. But our politicians have other ideas Boris Johnson’s ‘return to normality’ will only mean more consumerism at the expense of the planet – we must resist it Out there somewhere, marked on no map but tantalisingly near, is a promised land called Normal, to which one day we […]

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“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders

“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders Flattened-out fish-hook-shaped recovery of demand? Passenger revenues collapsed by 94% to just $681 million, United Airlines disclosed in its Q2 earnings report today. Other operating revenues plunged by 37% to $392 million, but cargo was […]

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Optimistic for the Future

Optimistic for the Future I had a professor who once said that two people were standing on top of the World Trade Center and a gust of wind blew them off the roof. The pessimist immediately starts praying to be forgiven for his sins. The optimism, as he is passing the 4th floor says, “So […]

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Money Supply Growth in May Again Surges to an All-Time High

MONEY SUPPLY GROWTH IN MAY AGAIN SURGES TO AN ALL-TIME HIGH Money supply growth surged to another all-time high in May, following April’s all-time high that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the 1970s the only period […]

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2020 Is The Year The Unseen Becomes Seen

2020 Is The Year The Unseen Becomes Seen 2020 is the year of Julian Assange’s extradition trials, the Kafkaesque proceedings by which the US government is attempting to imprison the WikiLeaks founder for the rest of his life as punishment for exposing US war crimes. Assange started an innovative leak publishing outlet on the premise that corrupt […]

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“Uneven” Freight Recovery after New Covid Outbreaks: Daily Truck Trips Already Fell 10% Since June 25

“Uneven” Freight Recovery after New Covid Outbreaks: Daily Truck Trips Already Fell 10% Since June 25 Was June as Good as It’s Going to Get in the Pandemic Era? Automakers have been reopening their assembly plants in the US, hobbled by setbacks, including supply chain issues. Other manufacturers too have reopened their plants. Housing construction […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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