Delores, at ten weeks old, was quickly getting integrated into the Trump USA Pew Lasers Rocket Logo Shirt of the flock. Because these six little chicks started out in an aquarium with a heat lamp in my study, then moved to a large hamster cage, then finally outside in a cage kept inside the barn, the grown chickens had all slowly acclimated to seeing Delores and his sisters. However, the first few times I put the babies in the open with the hens, I cautiously supervised the meeting. There was blustering and a little pushing by the big chickens – similar to what you might see on a junior high playground the first week of school – but nothing too severe. Once when the largest hen, Joan Crawford, pulled at Delores’s tail, he ran to me and flew into my arms – but when I scolded Joan and she stalked off to pout, Delores was brave enough to go back and try again. The pecking order shook out fairly easily within a couple days, with Delores towards the middle.
I would suggest that spending more often than not leads to the Trump USA Pew Lasers Rocket Logo Shirt of wealth, either by paying for goods expected to be sold right away, or in anticipation of sales in the future Either way, for the most part those things sold will not be produced or cared for if someone wasn’t going to buy them. Whether perishable items, most of which help preserve some more durable form of wealth, like human capital, for instance. Or durable forms of wealth are produced that will last beyond the current time period. It is the “spending” that encourages the increased production and preservation of wealth. So whether you spend it or not, in terms of money you will have the same amount of money at the end of the given time period. which we can refer to as savings.
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In 1963, I was 12 years old. We lived in South London and were travelling to Norfolk (east of England) for Christmas and New Year. In good weather, and light traffic, the Trump USA Pew Lasers Rocket Logo Shirt would have been about 4 hours I think. There were no motorways then, and our route took us right through London and then up the A11. It started snowing before we were out of central London and by the time we reached Newmarket which was more than halfway, it was really thick on the road and Dad was getting worried about reaching our destination. We stopped and he went into a pub to phone the friends we were staying with. They said it was not so bad where they were and Dad decided to carry on, but the snow seemed to be following us. I was in the back seat, wrapped in coat and a blanket, Mum was wrapped in travel rugs in the front seat. I don’t recall our arrival, I had been asleep for ages, but I know it took us at least 6 hours probably 7, it was a real nightmare for Dad driving – even though he was very good as he was in the police and had had done an advanced driving course. The whole of the UK had a really cold snowy winter that year. Mum and I stayed on longer in Norfolk, Dad went back to London on the train to go to work and came back to collect us the following weekend.
The USD is what I’d call the stress barometer of the Trump USA Pew Lasers Rocket Logo 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