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If the markets wanted to go where the governments wanted them to go, then the governments wouldn't need to be involved in the first place.202409xx Site Updates
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My opinion on trump-harris debate
In case the video is taken down from youtube, here is a backup:
The Social Recession Is Accelerating
Authored by Charles Hugh Smith via OfTwoMinds blog,
Did wages rise 10-fold to match the 10-fold rise in the cost of a modest house? No. That is social recession in a nutshell.
Powell Vows To Cut Rates With Stocks, Home Prices, Rents And Food At All Time Highs
From Zerohedge.
Well, it's official: Powell came, saw, and unlike two years ago when, with with CPI rising almost double digits the uber-hawkish Fed chair warned of "pain" to come, this time he couldn't be more dovish.
Life In A Sound-Money World
Authored by John Rubino via Substack,
Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars.
Stock Index Castoffs Have Delivered Enduring And Outsized Returns, Quant Researchers Find
Via Zerohedge.
When stocks are ejected from market-cap-weighted indexes, swooping in to load up on them -- and hold on to them -- can pay off nicely, according to a new paper from Newport Beach, California-based Research Affiliates LLC.
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Because the spacecraft was designed to travel far from the Sun where solar panels are useless, it required a nuclear power source.
Key Features of the Power System
The Fuel: The system uses Plutonium-238 in the form of plutonium oxide.
Heat to Electricity: The natural radioactive decay of the plutonium generates heat. Thermocouples then convert this thermal energy directly into electricity.
The Units: Voyager 1 carries three RTGs, which are mounted together on a long boom to keep radiation away from the sensitive science instruments.
Initial Output: At launch in 1977, the three RTGs combined produced about 470 watts of power.
Current Power Status: due to the radioactive half-life of the plutonium and the degradation of the thermocouples. The power output decreases by about 4 watts every year
Because the spacecraft was designed to travel far from the Sun where solar panels are useless, it required a nuclear power source.
Key Features of the Power System
The Fuel: The system uses Plutonium-238 in the form of plutonium oxide.
Heat to Electricity: The natural radioactive decay of the plutonium generates heat. Thermocouples then convert this thermal energy directly into electricity.
The Units: Voyager 1 carries three RTGs, which are mounted together on a long boom to keep radiation away from the sensitive science instruments.
Initial Output: At launch in 1977, the three RTGs combined produced about 470 watts of power.
Current Power Status: due to the radioactive half-life of the plutonium and the degradation of the thermocouples. The power output decreases by about 4 watts every year