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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (14114)	6/26/2022 1:16:26 PM
From: robert b furman	1 Recommendation Recommended By Riskmgmt Read Replies (1) \| Respond to of 26782

HI Kirk, Ripe for reversal. Out of complete incompetence, the impaired administration is frozen like a deer in the headlights. They are shocked that their enlightened Build Back Better and Green New deal were ineffective duds, that didn't just work, THEY FAILED! Fortunately, the American system, allows us the change lanes and experiment, to confirm if there is a better path for the future. Sadly for the Woke administration, their unproven views, funded by who knows who, have not just failed, but punished all income levels of citizenry. We need leaders whose views include competitive and robust economic decision making. The age old class warfare on which they rely on continuously, is a failed approach! To take from one group and hand out to another is a failed long term plan. To plan on overall growth for all is far more dynamic and leaves no losers behind. The same view applies to the racist name calling they have used too much for decades. To pass preferential laws to "Make up for past historical wrongs", impairs other innocents whose past family heritage may have committed. Punishing the innocent is not where we as a free country need to pursue. The Democrats have shown their errors and coupled it with despicable lies and election cheating (IMO). I take great offense to be lied to so continuously. I know wrong from right. Telling me wrong more often, is just more offensive to me. Their nature is classless and despicable, as the ends justifies the means has labeled them as their Modus Operandi. They must reinvent themselves. Let's just hope they crawl in a hole for a decade or two. May we stop class and race warfare/baiting. May we join in good, free, and competitive business. May we prosper as we work hard and sweat to be the best AND MOST SUCCESSFUL. May our wealth creation exceed that of others on our planet. It should serve as the aspiration of the world to duplicate "The American Exceptionalism" in all corners of the world. May we all find belief in the truism: "that wealth can not be shared until it is created". Then may we be found to be the most generous of all nations. The ultimate process of giving all humans their God Given rights, will foster the desire quash: all Tyrants of Monarchy/Dictatorships and submissive ways of Communism. We need a return to the basic conservative laws of disciplined living with a purpose and decency! THIS I do sincerely believe. Bob

To: Kirk © who wrote (14114)	6/26/2022 4:51:33 PM
From: Sdgla	1 Recommendation Recommended By POKERSAM Respond to of 26782

Roe is a distant 3rd or 4th to inflation/energy costs/supply chain to voters imo. Dems will always attempt to fan the flames of race & gender… won’t work this time imo. Biden has already announced a few times there will be another pandemic so they can steal another election. Retailers Preparing for Recessionary Drop in Spending, Many Outlets Will Not Survive… June 25, 2022 \| sundance \| 269 Comments All things considered, a remarkably honest article from CNBC outlines the likelihood for a wave of retail bankruptcies. In part the issue is driven by COVID bailout and stimulus funds that inflated the balance sheets and hid the natural contraction that was taking place in the last half of 2021 through today. However, bar far the biggest issue is a contraction in current consumer spending due to severe cost increases in housing, food, fuel and energy. As we have discussed at length, consumer spending patterns shifted radically in the last year. Despite the 2021 third and fourth quarter giving the artificial impression of strong demand, inventories were climbing and productivity in the manufacturing and services dropped dramatically. In combination these two data points both indicated a contraction in demand. The first quarter of 2022 showed a -1.5% overall GDP. The second quarter ends next week, and the government data will be released in the last week of July. I predict that Q2 data will be heavily manipulated in two ways: (1) manipulation of import data via the Ports of Long Beach and Los Angeles; and (2) the intentional use of a lower inflation rate than currently exists in all goods. My best guess on the fake BEA numbers is a +0.2 to +0.5% positive GDP, thereby barely avoiding the technical definition of a recession. That said, the CNBC article outlines a very bad scenario for retailers, as the consumer spending contraction hits their profit and loss statements. (more…)