Around this time last week I was pontificating about how the MSM was really laying on the "holier than thou" smug nice and thick regarding the gas pipeline shutdown.
I paid an extra buck to fill my tank and lock in a two-week supply. Best insurance premium I've paid in a while.
Within a day I was seeing pictures of people filling open-top buckets and even trash bags with gas, then trying to put them in their sedans.
And that's the vibe I'm getting from this year. As soon as you start to find some sense in something, something else comes along to completely blow it up.
While not as dramatic, or idiotic, a whole lot of mixed- to downright absurd-signals are popping up in the economy.
We all know that this is a weird transitional phase without precedent, but lordy, none of this makes sense and anyone that claims to know where this economy is going is lying to you, and probably also themselves.
We just saw what may have been the most unexpected and disappointing employment report miss in years. Everyone expected over a million hires. We got a quarter of that.
Meanwhile U.S. job openings rose 8% to a record 8.1 million while hiring only picked up 4%. Yes, expanded benefits create a level where returning to the same old miserable jobs doesn't make sense, but a lot of these jobs pay way more, and now come with signing bonuses.
Used truck and car prices surged up 10% in April, the biggest spike since 1953. That market is stretched thin. On the new car front, companies are shuttering factories because cars aren't really cars anymore. They're self-propelled computers.
Somehow, with lumber prices through the roof and U.S. home construction dropping 9.5%, Home Depot - usually a bellwether for the industry - just posted phenomenal quarterly results.
Elsewhere, I'm seeing articles about the DIY crowd turning to building their own at-home sawmills. Surely nothing will go wrong there.
Somehow even Macy's made a profit this quarter, which everyone eulogized years ago.
Elsewhere, all the signs of inflation are no longer signs of inflation, especially an across-the-board and sustained surge in commodity prices, along with storage and transportation costs.
A cryptocurrency made to make fun of cryptocurrencies is now the hottest cryptocurrency.
And on the personal finance front, Fidelity is now launching teen accounts. Thirteen- to 17-year-olds can now deposit cash, have a debit card, and trade stocks and funds through a mobile app. All with zero account fees or minimum balances.
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This is all an attempt by one of the many major institutional investors that was criticized for not putting their account holders first by giving preferential data and trades to big investors.
They lost their clients to a mobile app trading platform that put all of its major institutional investors first by feeding them preferential data and trades.
The ironic ouroboros is lost on nearly everyone.
It was just a couple years ago that I was lamenting the fact that the markets were stale.
Virtually nothing of note was happening, valuations were high, and almost all stocks just moved up and down in lockstep while the MSM claimed a