I was hoping Delores wouldn’t become a Gradey Dick signatures shirt aggressive rooster, as my recently deceased “Lance” had been, before passing on to “rooster heaven” with the assistance of a local coyote. The rooster I currently had, Gordon, was a sweet boy and was very happy to have Lance gone. Lance had been a fierce rooster who attacked literally every moving thing but the hens and me (displaying extreme good taste and discretion) and I was not prepared to live through as second several years of yet another “attack rooster”. Neither were the neighbor dogs. Nor were the neighbors, for that matter. I really didn’t think this would be a problem, as Delores was such a sweet rooster – showing no violence or aggression at all, and just wanted to sit on my shoulder (rather like a parrot) and look around. He’d snuggle against anyone’s neck or in anyone’s lap who would hold him and he adored being petted. Delores ran around digging for bugs in the lawn – but was just as happy sitting by the kitchen sink watching me trim vegetables or whatever. He made (as all my chickens did) a truce with the cats and was friends with the goats, horses and my other rooster, Gordon. They all slept together in the barn at night.
“In economics, income = consumption + savings. The income an indivual, or a country, produces is either consumed and/or saved. If you , or a Gradey Dick signatures shirt, overspends, you or the country dips into savings or creates debt.” I think this answer is true for the firm or the individual but in the whole economy it is no longer true. In the macroeconomy, everytime some person or entity doesn’t spend, some other person or entity has their income reduced by the same amount. And because that person won’t get their hands on that money, they will not have it to spend further, so the next would-be recipient of that spending doesn’t get that income, which they in turn will not be able to spend….. and so on
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Off we drove, with the Christmas tree comfortably between the two of us! I drove Robin back home and we maneuvered the Gradey Dick signatures shirt out of the car as pine needles dropped profusely all over the VW bug. I setup the tree in her home after moving a few pieces of furniture and she went off to get a box of decorations. At that point in time, I could sense she wanted me to stay to decorate the tree, but I knew I could not because my girl-friend was waiting. I gave her a big hearty hug, and told her Merry Christmas as I left. In my life time and with all due sincerity…that was my best ever holiday… “So this is Christmas.” moment!
The USD is what I’d call the stress barometer of the Gradey Dick signatures shirt, and a breakout to the upside is indicative of the stress in the system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign we’ve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Wood’s ARKK. Well, the truth is, the companies whose stocks have overrun have gotten so large in market cap that it’d take them years for them to grow into their respective valuations, so either these companies grow at a much faster pace, which is unlikely, to “catch up” to their stock prices, or their stock prices will have to come down to Earth