Reveille Letter - Pre-market morning financial commentary with an international circulation

Blog Detail


Reveille Reconnaissance Blog

This blog is for the benefit of both subscribers and non-subscribers and is public to assist...
To subscribe to the Reveille Letter,
click here

In The News for Monday, September 13, 2021
Posted Sep 12 2021 9:39PM

·       TV on Saturday was dominated by coverage of all the 9/11 memorials and film clips looking back on that day. I was in NYC on 9/11 for[JW1]  a conference my firm was holding at the Palace Hotel. I saw the second plant hit the World Trade Center and knew immediately what was happening. I immediately called my family and told them there had been a terrorist attack. My oldest son, 8 at the time, immediately went and got his BB gun[JW2]  so he’d be prepared just in case. We wound up taking the train to Newark, NJ, where we had chartered two buses, and driving back to Memphis over the next two days. I still have an unquenchable thirst for vengeance of Biblical proportion. Wipe them from the face of the earth and salt their fields.

·       An outstanding Week in Pictures: Long Strange Trip Edition[JW3] [JW4] 

·       A study reported in the Telegraph finds that teenage boys are six times more likely to die from the Vaccinations than from COVID=19. If you read the article, though, you find that the probability of either is very small.

·       “Green”: A Slow-Motion Train Wreck[JW5] .

 If my arithmetic is correct, that [the cost of wind energy] is around 21 times the average cost of electricity in the U.S. at current exchange rates. The U.S. has the resources to offset a squeeze on natural gas supplies, but the Biden administration is opposed to domestic gas production.

·       Slain Troop’s Family Members Who Shunned Biden Take Comfort From Trump. They apparently felt a true sense of compassion that they felt was lacking in Biden. Meanwhile, Biden appeared at Ground Zero and was booed while Trump visited with First Responders and was cheered.

·       Some advice from former President Obama, “Don’t underestimate Joe’s ability to f**k things up.”  

·       Well, this is certainly a relief. Psaki reassures: ‘Inflation completely under control outside of Food, Gas and Housing.’

·       Things just keep coming out about the Arizona election that argue for decertification.

·       Maybe we should just go ahead and use every other letter in the alphabet. This ridiculousness started out with LGBT and then added Q. Now it’s LGBTQIA. Let me translate. Lesbian, Gay, Bisexual, Transgender, Queer, Intersex (?) and Asexual. Even with now 7 letters, the entire group represents less than 2% of the population. Maybe a few more letters are called for.

·       The real existential threat.  Diversity Training in practice is a racist scam whose promoters have the hateful mentality and low I.Q. level of the Jim Crow bubbas of the past. Read the whole piece.

·       Modern Monetary Theory, is of course, total nonsense embraced only by the economically illiterate like Alexandria Ocasio-Cortez and Bernie Sanders plus their fellow travelers. You’d think the Chairman of the House Budget Committee might have more sense. You’d be wrong. Got that? “We can’t go bankrupt because we have the power to create as much money as we need to spend…” As John Hinderaker points out, taken to its logical conclusion that means we can abolish income and corporate taxes. Hell yes! I just became a fan of Modern Monetary Theory[JW6] .

·       It’s hard not to come to the inescapable conclusion that being a total nitwit is a real advantage in getting a cushy job as a university professor of some made-up discipline. Jenn M. Jackson is a professor of political science at Syracuse University. Here is her tweet weighing in on 9/11. She describes herself as “a queer genderflux androgynous Black woman.” There’s more but you get the picture.  

·       Which is more deadly to children, the COVID virus or having your city run by a Democratic mayor. More children have been shot in Chicago than have died from COVID[JW7] .

·       As I suspected they might, the, let’s say, anti-Biden cheering seems to be spreading to more and more college stadiums. As John Hinderaker says:

The movement seems to be spreading, and the college football season is just getting under way. Why do so many of America’s young people hold Joe Biden in contempt? I don’t know–there are many possible reasons–but it is good to see.

Actually, I have mixed feelings about this one. In principle, I disapprove of crude language, especially when directed at an individual, and especially when joined in by crowds of people. On the other hand, given how the Democrats have treated every Republican president after Dwight Eisenhower, my capacity for outrage is exhausted. As far as I am concerned, the college kids can chant away.

·       Biden at Dover. Frightening. Surely it can’t go on much longer.

·       Meanwhile, in Afghanistan