NYC Journal

Eagles have the ball 3rd down and they need 5 yards. The quarterback breaks for a 15 yard gain, Next play a 10 yard run.

25 yards in two plays…

My hope is the Eagle’s running back has fresh legs to open up the game.

Bet MGM just gave out a rating that the Eagles have a 99% chance of winning.

Go Eagles.

Cal
 
7 minutes into the 3rd quarter and the Eagles have the ball 1st down and goal.

Brutal…

Some commentary is the big five of the Chiefs can’t contain the big 5 of the Eagles. Head to head the big boys on the Eagles front line are a problem for the Chiefs.

Then the rest of the coverage in is the field leaving no openings for passing.

More Eagles domination.

Wonder if the Eagles scored yet?

Go Eagles.

Cal
 
Wow. On the first play of a Chiefs drive. Mahomes gets steam rolled by a monster big guy like in a game of Lacrosse in a ball drill.

The football is stripped and then the Eagles take possession again in Chief territory.

The big guy pretty much body slammed Mahomes. Mucho brutal…

Cal
 
3-plays and no first down for the Eagles, then the 50 yard field goal is attempted and it is drilled home.

40-6 Eagles.

A little more than 8 minutes left in the game.

I would say this game was a text book mass-A-Curr. Pretty brutal both offense and defense.

So now the superstition. Whenever any Philly major sports team wins a championship the economy tanks.

Pretty much a remarkable pattern in history. So pretty much expect the markets to tank and then the real austerity begins.

You know I believe in divine intervention…

Fly Eagles Fly…

Cal
 
So tomorrow begins 25% tariffs on all steel and aluminum.

Not good for the markets. The Eagles won, and they won by a large margin spanking the Chiefs. The replay of Mahomes getting steamrolled was brutal. Hit high in the chest by a monster at full speed.

Let the economic hurt begin…

No wonder the ball got stripped.

For me the highlight of the game.

Cal
 
Last edited:
Philadelphia didn't win the game, since Kansas City didn't show up to play until the final 9 minutes.
When the game was called, it got kind of loud outside, but I think and hope that noise is done. I have to wake up in 6 hours for work, to facilitate a group whose members probably won't show up.
Phil
 
Gold new Intra-Day High: $2934.10.

25% tariffs today on all steel and aluminum imports. U.S. steel stocks jumped.

75%-79% of our aluminum imports come from Canada. Mexico is a big supplier of recycled aluminum and raw aluminum.

Canadian aluminum is low cost because of abundant use of Hydro-electric power in Quebec.

From what I see, the imports look like “dumping” because the prices are lower than it costs to make steel here domestically, but then realize that imported steel only comprises 25% of our annual needs.

Pretty hard to beat cheap aluminum from Canada that is made with cheap hydro electric power.

One of the reasons why steel is more costly to produce here in the U.S. is the lack of modernization. Making steel is very energy intensive. U.S. steel producers pretty much are like homeowners who own old houses that complain about high energy bills that decide to save money by not insulating their old homes and making them more efficient.

Today the market futures are looking at gains. I was expecting a red screen.

Certainly higher prices on steel and aluminum will filter into the economy. Cars, construction, ship building, and defense will all go up in price. Then there are the “input costs” to housing and building costs… Will these price increases in new construction get masked again.

Know and understand that the money has to come from somewhere, and in the end these input costs get paid by the consumer.

Meanwhile the government collects the 25% tariff. Basically the 25% tariff is a consumption tax that inevitably the consumer pays.

Cal
 
Gold new Intra-Day High: $2937.70.

Pretty much a big jump in inflationary expectations, and this is despite a strong dollar. Know that gold is priced in U.S. dollars.

There is a disruption, as the WTO gets further dismantled, and rule of law around the world gets impacted and also collapses. This translates into “Law of the Jungle” getting imposed around the world to destabilize everything.

Pure madness and insanity, yet the U.S. markets advance…

My spin on the market reactions is that the markets are betting on another bout of bluster, flip-flopping, and as if this is just another lame head-fake.

Of course the dramatic jump in gold tells another story…

Eventually the markets will catch up. Then there is the Tuesday or Wednesday “reciprocal” tariffs…

There is no doubt about price increases, and also economic slowdown, not only in the U.S., but the entire world.

Expect overcapacity, meaning deflation, as consumption slows.

The money has to come from somewhere, and pretty soon the American consumer will be a dry cow with no milk to give. Export economies like China and Germany will be like burnt toast.

So let’s see if this is another head-fake…

If not gold will quickly exceed $3K.

Cal
 
It costs 3.7 cents to make and distribute a penny. Certainly not sustainable and pretty much an economic loss that adds up.

Two pathways: one stop making them; and then eventually end circulation as legal tender; but realize that prices will get rounded up to the nearest nickel.

Then it costs 11.54 cents to make every nickel…

So the next step is round up prices to the nearest dime.

So far the dime is safe, and so is the quarter, but realize that prices will get rounded up, not down.

In Canada they eliminated their penny a long time ago. Prices are rounded up.

So if the penny gets eliminated here as currency, instant price increases, but next in line is the nickel.

Anyways, inflation…

Cal
 
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