We’ll get to the Unemployment data in a minute. That’s routine stuff and sometimes the nonroutine is much more important. We can finally start to reveal what’s happening with the predictive linguistic forecast from www.halfpasthuman.com which has for the past 2-years, or longer, referred to something in modelspace that best translated into “the new electrics.”
Confidential sources now tell us that both China and India are about to unveil new electrical devices which will break the grip of the global energy & power cartels with breakthrough technology that bends the rules of physics in new and game-changing ways.
One device, due out from China shortly is described as a “battery charger” which will support a fixed 2 KW load on a continuous basis. Yep – that unit which has an anticipated price point in the $2,000 (USD range/current exchange rates) also features a projected lifespan of 50-years and is a zero emissions device.
Apparently, the new devices use certain rare earth/strategic metals and are the motivation for China putting the brakes on strategic mineral exports recently. This also plays into the reports that China’s interest in going to the moon is more than a passing fancy. There may be desired materials there.
The purported existence of a Chinese over-unity device suitable for commercialization may also play into why China “Renews opposition to Iran sanctions” on the one hand, while Iran’s leadership is promising February 11th will reveal a strike against ‘global arrogance’ and we’re left wondering if more than opposition to antigovernment demonstrations is in play.
We hear the Chinese technology is not precisely perfect. Seems that due to the physics involved, the unit doesn’t scale well; meaning that optimum efficiencies come in the 2 KW region and so larger installations, like homes, would need multiple units if air conditioning is required. More to the point, it works best when fed as a DC output into a large battery bank and yes, the Chinese have been getting large in battery development (which breakthrough US efforts continue in Utah in the quest for ever higher energy densities for storage media which run the gamut from conventional lead-acid to the more exotic zinc/air and the class called ‘super-capacitors.’
(I’ll skip my personal involvement in battery instrumentation, but I know enough to know that absorbed glass matt batteries (like the Concorde AGM’s) are the battery of choice for F-15′s while long-life lithium is the choice for high altitude remote video gear….really remote and really mountainous terrain video gear, LOL)
And the technology is not likely to land in the US; at least immediately, since China is planning it’s own version of ‘power to the people’ with goals of developing vehicle conversions and other ‘schools’ for distributing the technology benefits.
Significantly, we hear that the key IP (intellectual property) was set for patent approval several months back which fits like a glove with the predictive linguistics.
When the announcement comes, we’re not looking for the Chinese to sell it as an ‘over-unity device’ (produces more energy than consumed), but simply they plan to call it a ‘battery charger’ and thus not offend conventional paradigm adherents who would have a problem acknowledging something out of their immediate understanding.
Our sources tell us that the only issue now is time-to-market since over-unity applications have been claimed in other countries by companies like Lutec Australia and here in the US the efforts of The Orion Project have also been directed toward the fundamental breakthroughs in over-unity engineering.
The other project is described as an Indian-backed project which relies for its precious materials on deposits (at/near – we’re not clear from our sources on this) the disputed Kashmir region along the hotly contested India/Pakistan border.
Our sources tell us this machine is different than the Chinese. for one thing, it reportedly is capable of variable load handling. Thus, it will be more adaptable and we hear more scalable in size. rumor has it that certain Swedish officials are holding talks with the Indian company because there are unique power issues in the high latitudes and the Indian project may deliver under more adverse conditions.
According to our sources, the Indian company unit can be scaled to 10 KW within the same box and uses different technology so there’s potentially a ton more IP to be developed in the field.
So, as we go into the carefully orchestrated decline in the global financial markets occurs over the balance of the year, we expect new rising stars in the FOREX markets may be the Renminbi and the Rupee.
We’re left to speculate whether Venezuela’s recent devaluations are based on good intel or the market separating wheat from chaff.
In terms of ‘what good the rickety time machine’ we figure it doesn’t get much better than this and our thanks to the confidential sources who are keeping us up to speed on ‘the new electrics’.
Can’t Stop Laughing / Crying Department
Testing 10,000 Redux
We start this morning’s adventures in the market with the jobs report just released:
“The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs.
Household Survey Data
In January, the number of unemployed persons decreased to 14.8 million, and the unemployment rate fell by 0.3 percentage point to 9.7 percent. (See table A-1.)
In January, unemployment rates for most major worker groups–adult men (10.0 percent), teenagers (26.4 percent), blacks (16.5 percent), and Hispanics (12.6 percent)–showed little change. The jobless rate for adult women fell to 7.9 percent, and the rate for whites declined to 8.7 percent. The jobless rate for Asians was 8.4 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
This release includes new household survey tables with information about employment and unemployment of veterans, persons with a disability, and the foreign born. In January, the unemployment rate of veterans from Gulf War era II (September 2001 to the present) was 12.6 percent, compared with 10.4 percent for nonveterans. Persons with a disability had a higher jobless rate than persons with no disability–15.2 versus 10.4 percent. In addition, the labor force participation rate of persons with a disability was 21.8 percent, compared with 70.1 percent for those without a disability. The unemployment rate for the foreign born was 11.8 percent, and the rate for the native born was 10.3 percent.
The ‘True Life Confessional” about the 2009 corrections to the CES birth/death model came in at only -617,000 jobs.
And, thanks to a fine statistical reorganization, you have to hunting around to find the civilian workforce number (one of those incredible shrinking numbers Washington is so famous for – you know – like the ‘peace dvidend’ of a few years back?).
When you find it…you’ll see that the number of people employed jumped 541,000 jobs in January. I must be a crack head demon because I sure don’t see it…but who am I but a nutter in the East Texas Outback?
The corrections to the CES Birth Death Model can be found here... Even better (as in less believable) the U-6 alternative measures of labor underutilization dropped from 17.3% of the workforce last month down 8/10th’s of a percent to 16.5% this month.
Yeah, sure, you bet’cha.
When you run into headlines like “Payrolls fall in January, jobless rate at 5-month low” don’t stop and ask “If jobs are going away, how can the unemployment rate drop?” Damn it….you’re not supposed to understand any of this stuff…isn’t that clear?
To Markets, To Markets
Stocks could muddle a bit lower this morning based on the futures (oh, and growing wonderment about the jobs number methodology). In the wake of the Thursday decline, Robin Landry sent out an advisory to his colleagues who are professionals in the biz…
“This is a quick update to alert you to the possibility that the first wave down is about to end and give you a chance to sell at the top of a wave ii rally. My primary count has us in a 5th wave down to complete wave I down. The alternate count is even more bearish and wave i ended on 1/29/10 and wave ii completed at the high on 2/2/10. If that is the case then the decline is now in wave iii and my target for it is the 9500 area. I hope the primary count is correct and on a rally it will enable more of you to get your house in order. The main thing to remember is that the surprises will be on the downside. The jobs report out in the morning should help clear up the count. “
So we’ll watch the first hours or two into trading. I won’t go on the very first market move since there’s a reason they call the first hour “the amateur hour”.
Meantime, my commodity broker, JB Slear has started up a daily preopen comment and this morning’s is “Red lights everywhere…”
Also of Note
This being Friday and with many big stories, About the only other two to mention in passing is the powerhouse storm about to sock-it-to the East today and into the weekend.
The other one is the earthquake. The predicted 8.0 and above that was supposed to hit Portland according to one seer/forecaster turned out to be a 6.0 off the northern California coast. With Portland still standing, you get to score this anyway you choose. I await a second forecast and a new prediction. One point is not a trend around here.