Winners & losers…

Nov 11, 2024 Prof G Markets

This week on Prof G Markets, Scott and Ed open the show by discussing the end of the Boeing machinist workers strike, Perplexity’s offer to help the New York Times, and Palantir’s earnings. Then Scott and Ed break down the sectors that they expect will see the biggest gains and losses under the Trump administration. They also discuss which regulators will survive the Trump administration and explain what the market is telling us about the future of housing prices.

Let them eat Fake..

The Honest Broker : TED GIOIA article :NOV 07, 2024

CLICK LINK FOR ARTICLE

https://open.substack.com/pub/tedgioia/p/is-there-a-crisis-of-seriousness?r=1sx7vz&utm_campaign=post&utm_medium=email

Excerpted from article:

Here’s the Google analysis of the use of the word fake in texts over the last 150 years. 

Chart showing a steady rise in the use of the word 'fake' in recent decades

Fake is our leading candidate for word of the century. It captures almost everything relevant now in a single syllable. 

Screenshot

You have to give Susan Sontag some credit, the inflection point in accelerating fakeness happened almost exactly when she complained about the collapse in seriousness in the mid-1990s. 

Here’s the scariest part of the story: Most of this is by design. 

Our culture is now obsessed with deception and misdirection—and it’s not just on the movie screen anymore. You see it everywhere, from cosplay conventions to bands wearing masks to the misguided virtual reality mania. 

Lifestyles are increasingly about pretending. Your real self stays in hiding, while your fake self gets presented in the most spectacular way on social media and other digital platforms.

Never before in history has authenticity been in such short supply. That’s so much the case, that the very word authenticity is mocked.

Portrait of Marie-Antoinette by the French painter Élisabeth Louise Vigée Le Brun

unelected…

Click link for AXIOS article

Behind the Curtain: The most powerful (unelected) man ever

America just elevated one man to an unfathomable status: the most powerful civilian — ever.

Why it matters: Elon Musk — the most influential backer of President-elect Trump, thanks to his money, time and X factor — now sits at the pinnacle of power in business, government influence and global information (and misinformation) flow.

Higher ambitions: Listen to Musk, and he always circles back to his belief in creating a multi-planetary future. He believes the future of our species is wholly dependent on it. 

  • Well, you get there by controlling space — satellites, space travel and ultimately colonization. He has a virtual global monopoly on satellites and the hottest space company on the globe, Space X — one NASA depends on.

Tucker Carlson interview with Elon Musk on election night describing Trump

MUSK: This is why I posted on X, like, nothing would do more damage to Kamala’s campaign than going on Joe Rogan, because she’d run out of non sequiturs after about 45 minutes.

CARLSON: You can’t hide in three hours!

MUSK: Yeah, like hour two and three would be a complete melted puddle of nonsense. So, it would just be absolute game over. That’s why she didn’t go on. But, on the other hand, Trump, he’s there, there’s no talking points. He’s just being a normal person, having a conversation and doing three hours of Rogan, no problem.

comebacks…

Newsletter Logo
 A letter from the editor-in-chief  November 6.2024
Double trouble: Trump and Netanyahu meet again
Esther Solomon. Esther Solomon Editor-in-chief, Haaretz English

 ‘Congratulations on history’s greatest comeback!’ That was the breathless response by Israel’s Prime Minister Benjamin Netanyahu to Donald Trump’s second presidential election victory. And Netanyahu knows something about historic comebacks.
 Most recently, he made it back to power after a year in opposition while facing a criminal trial and subjecting Israelis to five elections in four years. But his most ‘historic’ comeback has been his political survival, his rehabilitation in the polls and his intensifying centralization of power since presiding over Israel’s greatest calamity, October 7.And Netanyahu made a further move to bolster his single-handed grip on power yesterday, conveniently timed for while America was gripped by the presidential election results.
Netanyahu’s firing of Defense Minister Yoav Gallant during wartime, the last gate-keeping adult left in a senior position in the government, was a clear statement of purpose:

Israel’s government solely exists to sustain, protect and defend the prime minister’s political career.

Israel is ruled by a more-than-simply-aspiring autocrat and annexationist touting “total victory” while America will soon be governed by a similarly authoritarian and exclusionist MAGA demagogue.

How these two disastrous leaders’ worldviews and policies will coalesce or conflict will have a fateful impact on Israel, the Palestinians and the wider Middle East – from the wars devastating the region to the nature of the societies that will emerge in their wake.

Esther Solomon
Editor-in-chief, Haaretz English

a sleight revision…

Portrait of Dr.Hannibal Lector by Court Painter commissioned by The Donald

Actual Excerpt from Donald J Trump speech:

“You know, when I say insane asylums, and then I say Dr. Hannibal Lector. Does anybody know? They go crazy. They say, “Oh, he brings up these names.” And of, well, that’s genius, right? Dr. Hannibal Lector. There’s nobody worse than him. Silence of the Lambs. Who the hell else would even remember that? I have a great memory. But they always hit me. I don’t bring it up too much, because they have to take such a—“he brought up Hannibal Lector, what does that have to do with this? What does it—” It has everything to do with it, right? He was, that’s who we’re allowing into our country. And we don’t want to allow that into our country. So I’ve done something for you that I haven’t done in 20 speeches. I’ve brought up Dr. Hannibal Lector. And we’re allowing him in. You watch, these fake people will say, “Again he brought up Hannibal Lector. Has absolutely nothing to do.” You know I do the weave, right? The weave. It’s genius. You bring up Hannibal Lector. You mention insane asylum, Hannibal Lector, you go, oh. Now, there’ll be a time in life when the weave won’t finish properly at the bottom. And then we can talk. But right now it’s pure genius, hey. I have an uncle, my uncle, Uncle John, my father’s brother. Forty-one years at MIT, longest-serving professor. So many degrees he didn’t know what the hell to do with them all. And the most complicated—I understand a lot of this stuff. You know, I believe in that. I mean, Jack Nicklaus is not going to produce a bad golfer. Right? You know, that’s the way it works. Uh, it’s just one of those things. It’s in the family, and it’s—whatever. But we have to save this country. We’d better save this country.”

Court Painter with portrait of Dr.Hannibal Lector

Lady Rosanne poses with another portait of Dr.Hannibal Lector comissioned by The Donald

Chatteley Gonads Persnipity Thunderbuns (ChatGPT),resident Court Painter studio scribe and aspiring speech writer, insisted on rewriting The Donald’s speech as a sort of biblical tale.As usual AHM had to step in as editor to clean up the final result.

And it came to pass, in the land of the coarse,
When I the muse ,lifted my voice slightly hoarse,
Behold! I cried, insane asylums do I name,
And lo, the dread visage of Dr, Hannibal Lector, a fiend of great shame!

Who amongst you knows this name of fearsome might?
They questioned in confusion, their hearts filled with fright.
Yet verily, I say, is it my denseness profound,
To speak of such darkness, where shadows abound?

For who is more fearsome than he, this wretched soul,
From the tales of silent lambs he hath taken his toll.
Who else could recall such villainy’s guise?
From memory unfathomable, I share this surprise.

Yet oft do you rise, bewildered and sore,
What hath he to do with our troubles and more?
Nay, dear brethren, I declare, it is woven in fate,
For into our menus, we must not let him infiltrate.

Thus, I proclaim, in these discourses unmeasured,
I have summoned the name of Hannibal Lector, a tale darkly treasured.
Mark how the fickle will scoff and deride,
Yet again he invokes that culinary madman, they chide.

But hark, how I weave with a cunning hand,
For Hannibal Lector’s name carries my truth that must stand.
There shall come a day when my tapestry frays,
And then shall I smoulder in the ash as I lay.

Now is the season for derangement to reign,
I ponder my uncle, a sage with much gain.
Forty-one years at MIT, his wisdom did flow,
Alas,my knowledge so vacuous, it doth not glow.

In the depths of his learning, great mysteries lay,
Like a golfer of skill, in my lineage I’d say.
For what is bred in my bone cannot be feigned,
Together at my rallys, my strength shall be gained.

So heed well my babble, let my avarice ascend,
To save my lard ass, you must vote and defend!

A few more images…why not!?

facing a restless flank…

Premier Danielle Smith caught in a pensive mood.

RED DEER, Alta. — Thousands of members of Alberta’s governing United Conservative Party gather Friday in Red Deer ahead of a crucial weekend vote on the job performance of their leader, Premier Danielle Smith.

Premier Smith demonstrating her juggling skills.

Premier Smith promises to light up the room !

In recent months, Smith has toured the province speaking to party faithful while introducing policies critics say are aimed at keeping the party’s restless social-conservative flank from voting against her in the review.

This week, her government introduced bills aimed at putting in rules around youth using preferred pronouns at school, along with restrictions on transgender surgery and transgender players competing in female amateur sports.

Premier Smith remains dedicated to keeping Alberta rat free!

She also announced a renewed legal fight against the federal carbon levy and introduced a bill to revamp Alberta’s Bill of Rights aimed at giving residents the right to refuse medical treatments, including vaccines.

Party members this weekend will also vote on non-binding policy resolutions such as abandoning net-zero greenhouse gas targets and banning transgender women from using women’s bathrooms and change rooms.

Premier Smith remains dedicated to comforting her pet prairie dog!

She has also promised to to introduce legislation next year to restrict how professional regulatory bodies like the College of Physicians and Surgeons police their members — something the party’s base has been calling for since last year.

Source: Excerpted from Canadian Press article Nov. 1, 2024.

Court Painter defiantly dares anyone to interpret what these portraits of Premier Smith really really mean!

unfold a tale of high degree…

Court Painter has listened to the people’s clamouring and once again unleashed the poetic resources of Chatterly Gaseous Parsimonious Thunderclap (Chat GPT) to pen a contemporary Elon Musk tale in the Style of a Chaucer Ode. AHM was brought in at the last moment to wield editorial discipline.

Whan fair Philadelphia, so wyde and free,
Didst see unfold a tale of high degree,
Of Lord Musk, yclept of iron steedes so proude,
And of his courts celestial, yond the cloude.
He, lord of stars and crafty, distant skies,
Came under earthly law’s most piercing eyes.

For he, in haste, a wondrous game did frame,
One million coins a day, in golden flame,
To they that swore with fealty full trewe,
To vote for Sir Trump and his followers newe.
But natheless was the game set in such gise
That only those of heart for constitution’s prize,
And of thilk election’s noble pride,
Might take the wealth from coffers set asyde.

Now, gretely it happed that Lady Harris bold
Sought for herself that crown of jewl’d gold,
A rival fierce to Lord Musk’s chosen knight,
For Sir Trump, her foe, did seek the selfsame might.
Thus stakes were high, and tempers rose apace,
For each of them would gain th’ election’s grace.

The judge of Philadelphia, gravely stern,
Did order Lord Musk to court, his fate to learn,
On one fair Thursday morn, as tale is told—
But Lord Musk was gone, in clouds and stars enfold.
O noble folk did whisper of his scorn,
Of judge’s rule and town and sacred morn,
And spake of how he mocked the summons grave,
And thought he stood above the courtly wave.

His scribes by candlelight did seek that night
To shift the tale from commonwealth to fighte
Of federal realm, where mightier hands reside,
And where, they thought, their master’s will might bide.
“Yon judge’s law,” they cried, “but serves his ends,
A politicke game that ever downward wends.”

But then arose, of Philadelphia’s hall,
Sir Larry Krasner, feared by folk and all,
Who cried, “No scheme nor plan nor sweepstake’s game
Shall thwart the law or bring it into shame!
Forsooth, the people’s voice must guarded be,
Free from Lord Musk’s gifts or golden treachery.”

Law learned men did argue, wise and shrewd,
If Lord Musk’s bright games and fortunes might be lewd—
For gifts of gold, in voting’s sacred field,
Might cause a heart to waver or to yeild.
Thus stands the tale, for Lord Musk has kept his distain,
And where he’ll stand, the court shall seek his ass to stain,

But soon, the judge’s patience shall wax thin,
And then, like wind upon October’s sin,
The wrath of court may rise with vengeful gale,
And cast Lord Musk’s riches as a darker fail.

A spokesperson for the  Philadelphia district attorney, Larry Krasner, said on Thursday the initial hearing at city hall was still scheduled. In the original suit, Krasner argued that Elon Musk’s petition and associated contest were “indisputably violating” specific Pennsylvania laws against illegal lotteries. Musk’s attorneys said he was engaging in legally protected political speech and spending.

The Guardian/October 31/24

Bardlike headlines Oct 30/24…

Editor’s note: The images are from the Court Painter archives and meant to please the eye while discouraging direct comment on the poetic headlines.

Court Painter insisted that resident studio poet Chatterley Gussie Paragon Thunderbuns (ChatGPT) compose in flowery Shakespere style the Great Dominion headlines for October 30,2024.With editing help from AHM, this is the poetic result!

The Prime Minister doth labor, intent and keen,
To gift Poilievre the Tory names unseen—
Those souls, entangled in foreign snare,
With secrets abroad, bound unaware.

For NATO’s bold pledge, Canada’s called with haste,
That coffers of war be no longer waste;
A doubling sum by thirty-two’s light,
Else nations look on with scorn and slight.

In Ontario’s treasury, a deficit vast,
Six billion’s lament, yet cheques are cast;
Two hundred coins to citizens dear,
A balm, however small, in fiscal gear.

The Liberals, stirred to partisan like zeal,
Prepare their banners, with ardent appeal,
Against Poilievre’s ascent so high,
Their ads to rouse, and his rise to defy.

Yet Tory voices, though scarce aligned,
To housing aid were loosely twined;
Poilievre’s vow to cut, they fear to face,
While Grits’ campaign chief takes up the chase.

In double-digits, the Tories soar,
While jobs and coin top concerns galore;
With fierce contention loyalty doth sway,
As Trudeau’s base holds defeat at bay.

Court Painter, ever the mench, shows up to support an up and coming literary talent.

missed opportunity…

Here is a reenactment of what should have happened at the Trump rally if Court Painter had accepted the commission that AHM had negotiated with the Trump team, however Court Painter threw a snit and refused to appear claiming political asylum or sanity or something…

A little known substitute Staten Island painter was brought in and did a terrible job! He even used his hands to smear paint on the canvas, can you imagine!?

Court Painter would not be caught dead smearing paint since he is a virtuoso brush handler.

So, painter Scott Lobaido created a painting and vinyl image of Trump, live before President Donald J. Trump spoke at a rally at Madison Square Garden in New York City on Sunday, October 27, 2024.

Scott Lobaido’s introductory remarks made it clear he proudly proclaims a love of God, Girls and Guns!