DHUnplugged #643: Doomsday Meltdown

Markets are feeling the pain of a Fed that just can't make up its mind. Earnings from retail - not so good. Global warming is the reason for this all! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - A quick apology to Hobby Lobby - Inflation ticking up - CPI and PPI not what the market wanted - Change up, this Zip Code - now most expensive in country - Arctic melt is coming - Doomsday Glacier - WHAT? Water BillFlation - Announcing the Winner of the CTP ! Market Update - Bullard and Mester - Not liking the markets euphoria (50bps talk coming back) -- Ever since they opened their mouth - market been in a tailspin - Bird Flu - expanding - watch out chicken and egg prices - Tesla flying high - stock back in vogue - All-time high's for this country's main stock market - Earnings finishing off - mixed bag, but points to concerning quarters to come Bad Bullard (H/T Bespoke) Bullard Speaks Continuing on.... - Worst day of the year today... - S&P 500 Down 2%, DJIA off by 700pts (2%, NASDAQ down 2.5% - 10-year climbing toward 4% again| - Blame placed on unusual strength of the economy - turning better last several weeks. Water Bill - $1,578 this month at the house - that is inflation! - Full Story - No Leaks Hot Real Estate - Miami’s Star Island is now the nation’s most expensive neighborhood while the number of New York City areas where buying a home would set you back at least $1 million is on the decline, according to a new survey. - The average price of a single family home on Star Island, the man-made enclave off the coast of Miami Beach that is home to celebrities including Shaquille O’Neal, Gloria Estefan, and Rosie O’Donnell, was valued at an eye-popping $40.2 million as of December, according to Zillow. - 71% increase over 3 years - Star Island is now four times as expensive as Beverly Hills Gateway in Beverly Hills - NY real estate not lagging behind by much --- January average rent for Manhattan apartment - ALL TIME HIGH Bird Flu - Could bolster inflation (food) again - Outbreaks of the virus have continued in North and South America, Europe, Asia and Africa - Farmers thinking about vaccines - once unheard of - A company farm in Weld County, Colorado, was infected twice within about six months, killing more than 3 million chickens, Rust said. He thinks wind blew the virus in from nearby fields where geese defecated. Twitter - The Taco Bell of social media - introducing a new product update almost daily - Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts. - The company believes phone-number-based 2FA is being abused by "bad actors," - Twitter owner Elon Musk tweeted "Yup" in reply to a user tweet that the company was changing policy "because Telcos Used Bot Accounts to Pump 2FA SMS," and that the company was losing $60 million a year "on scam SMS." Glacier melting - Antarctica's vast Thwaites Glacier - nicknamed the Doomsday Glacier - say warm water is seeping into its weak spots, worsening melting caused by rising temperatures - Thwaites, which is roughly the size of Florida, represents more than half a meter (1.6 feet) of global sea level rise potential, and could destabilize neighboring glaciers that have the potential to cause a further three-meter (9.8-foot) rise. - Is this concern all about the displacement of the above the line ice? Brexit - Who Cares - The FTSE 100 is at an all-time high. - With all of the problems in Europe, world... ALL TIME HIGH - Obviously the best decision England made was to leave the EU Cisco Earnings

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