Right up front, I apologize for this being such a long post today but there’s much to cover…so let’s start here: “Step right up and place Ure bets! Spin the wheel of fortunes and see if Lady Luck smiles on us today!” Wonder if I was a wild-west casino tout in a previous life? Hmmm…on to the Department of Labor’s job report hot off the server…
“The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care and in transportation and warehousing but changed little in most other major industries.
Household Survey Data The unemployment rate declined by 0.3 percentage point to 7.8 percent in September. For the first 8 months of the year, the rate held within a narrow range of 8.1 and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by 456,000 in September. “
If you’re wondering “How the hell did THAT happen?“ Simple.
2. Of these, 574-thousand were “estimated” into existence with the CES Birth/Death model. Hmmm…
3. All of the job growth came in “services”. The ugly part is goods producing (like manufacturing jobs, you know, the kind that have been mostly jobjacked to Asia and Mexico? ) actually went down 10,000 for the month. Durable goods jobs down 13-thou.
4. 81-thosuand jobs were found by 167-19 year olds. And on it goes.
After all the smoke and mirrors, notice please that the U-6 saeverely under-employed rate was still 14.7%.
Want you to notice how this is reproving my explanation of Obamacare being deflationary: On release of the data, which is pro-Obama, the gold price blew off $10-bucks. Whether the markets will follow? Probably.
Return to Gas Lines?
The headline doesn’t seem particularly scary – YET. “California gas stations shut as oil refinders ration supplies.” This is due to refinery outages, and wasn’t there a fire at one of the Pt. Richmond refineries here recently?
Still, wonders Bruce Ross in the Redding Record-Searchlight “”What’s Next? Gas lines in California?” Maybe so, maybe so…
Markets by the Stars
We next should venture into some notes on an unconventional way of making a buck…referring to astrology for hints as to what’s ahead, particularly as we head into the final days of the presidential wannabe frenzy.
Yeah, I know it is “out there” if you haven’t seen the relationship between “as above, so below” work out in key aspects of your personal life, but a highly regarded lady I know who retired from astrology professionally drops a line now and then and the way she’d got it figured, we shouldn’t be surprised if we get a rerun of the election uncertainty just like the 2000 presidential contest. Figures the uncertainty period could go (from memory here) to about November 27th and that, of course, will lead to the same kind of vote-counting, fraud-thinking that boiled up in 2000. So, we’ll see how this outlook goes.
Then there was a note from Arch Crawford, who’s an astrological fellow of the monied persuasion…studies the charts for clues as to market movements and there’s really something there. From his last newsletter (with his kind permission) this is what things were looking at before the debate this week:
“From Crawford Perspectives October 1 newsletter About October 3:
“October has its reputation to live up to, and that could begin by the third with highly inflationary news which could really pop the sensitive commodities, Gold, Silver and Oil in particular.
GOLD +11, SILVER +0.38, OIL +3.48
That also coincides with the first presidential debate, and indicates that lies and exaggerations will be flying thick and fast (so what’s new?) but this is really extreme, even to insinuations about each others core beliefs.
This direct quote is from The Combination of Stellar Influences By Reinhold Ebertin re Venus/Neptune oppositions: ‘…awakening from emotional infatuation with the awareness of disappointment or disillusionment.’
(That could be either or both) So maybe we should be watching that one!”
And, if you were watching gold around the debate, you will see it opened on the 4th (right after the debate) at about $1,780 and hit a high yesterday of around $1,793-94…so considering the lead time, that was a pretty decent call by Arch.
And from the pre-debate low around $87.75 at mid-day Wednesday, oil popped up to about $91.80 which was $4-dollars and change, so that was a good one, too.
I won’t tell you astrology works all the time, just often enough that practitioners can – and do – make some pretty good hits now and then. Oh…and if we get a nearly month-long replay of the Supremes deciding on who the next president is, remember where you heard it first.
One other note? I happened to be cruising a number of late night talk shows last night and one very interesting comment went along the lines of “Remember Walter Mondale won his first debate…and how many terms did we have President Mondale in office?” Oh, yeah….one debate does not a horse race decide.
Howard the Math Whiz
My friend Howard Hill’s piece on “Mitt Romney’s Fuzzy Debate Math” is certainly worth a read.
Then my commodity broker, JB (www.fortwealth.com) called to share a great bumpersticker which his client (Charles) came up with:
“Vote OBAMNEY” Because it really doesn’t matter.”
Election Sunday. Vote often.
Syria: No Apology
Despite some reports that the Syrian government apologized for lighting off the latest smattering of shelling with Turkey, no says the Syrian government now: Not apologizing for nothing.
Quake & Global Coastal Event Watching
I know it has been somewhat vogue lately to place bets on the Pacific plate breaking up, or squishing the small plate down in the Indonesia area to smithereens, but I’ve just place a $2 bet on an Atlantic-sided break coming first.
Reason? Well, there have been four quakes along the mid-Atlantic Ridge overnight…which wouldn’t be a big deal, except for there’s been all that action in the area just north of the Virgin Islands. Check out the map: Though there is a single orange blip on the right, when you zoom there are actual four distinct quakes all really close…
Why is this one so interesting? Because I can see how close these plates are and if you “crack” east-west, between the Virgin Islands and the quake swarm of four on the Ridge, what happens?
If such a quake/plate crack were big enough.. it COULD conceivably set off the La Palma / Cumbre Vieja. And what does THAT do? Well, the defining scientific modeling suggests waves of up to 82-feet smacking into Florida. Look at page 3 of the paper here and pay particular attention to this caption:
“Note the strong influence of dispersion in spreading out an original impulse into a long series of waves of decreasing wavelength. See also that the peak amplitudes generally do not coincide with the first wave. Even after crossing the Atlantic, a lateral collapse of Cumbre Vieja volcano could impose a great sequence of waves of 10-25 m height on the shores of the Americas.”
Maybe we’d get lucky and only get the 33-foot waves.
More in Peoplenomics this weekend, but you see the possibilities, I trust? We’ll also kick around those mysterious semi-quakes making the rounds down in Louisiana’s bayous.
But enough of this cheery stuff…
As promised, I sent a note to Patrick Geryl and asked him what his next calculated window is for solar flaring, which may be somehow related to quakes and such:
“October 31, 2012: Conjunction Neptune – Mercury and the Sun strong X flare possible No real earthquake date…
3 Possible 7.5 plus earthquakes:
October 25, 29 or November 1
October 23 – 27, 2012: Opposition Earth – Saturn across the Sun October 24, 2012: Line Up Neptune – Moon – Earth
October 25 – 30, 2012: Long Triple Line Up: Mars – Earth – Jupiter
October 26, 2012: Line Up Venus – Moon – Earth and Uranus – Moon – Earth
October 29, 2012: Line Up Sun – Moon – Earth and Saturn – Moon – Earth
October 31, 2012: Line Up Mercury – Moon – Earth
October 31 – November 3, 2012: Long Triple Line Up: Uranus – Earth – Venus
November 1, 2012: Line Up Jupiter – Moon – Earth and Mars – Moon – Earth “
Of course, if you’ve been following this discussion here, you already know there’s a ‘long as your arm’ long line-up astronomically in the December 10 to somewhere past December 23rd window.
Hate to Be Right Updated
See the note this morning on my “Broken Web: The Coming Collapse of the Internet” site here. Yes, a shameless bit of self-promotion but the book is getting all five-star reviews so far – and it’s on Amazon and Barnes & Noble, too. More on the book’s website.
Oh, That Clumsy Police State
I’d like to compliment the Lethbridge police department up in Canada for managing to pull upo1,624 plants. Except it wasn’t weed of the Jamaica Blue Hills sort. No sir…just daisies. Gotta wonder if they’re feeling like…er…blooming idiots?
Wonder if I could get the local gendarmarie to pull up all the goat weed which is going nuts. Tell ‘em its opium or something?
More after this…