For those of you who may not know, I own a HVAC distributor, which is a subset of industrial distribution. I have been writing of the many toils and tribulations of our industry during the Covidian era. What follows is another super exciting update on how it’s going in “my world”, as requested by many (well, actually nobody, but if interested, it is below the fold).
COVID-19
The Odessa Steps
The early Soviet propaganda movie, The Battleship Potemkin, culminates in a prolonged and shocking sequence of local citizens men, women and children gunned down by remorseless Czarist soldiers on Odessa’s famed harbor-to-town staircase. The sequence remains a shocker. (And is still studied in film schools, apparently, for being ground-breaking effective and technologically ahead of the time.) Historically, there was never such a massacre on the Steps, but the sequence served as a kind of cinematic shorthand for State brutality aimed at essentially harmless, unarmed, unthreatening civilians in a public place; civilians who were seen to be defying the authority of the State. And so the armed minions of the State acted because even the mildest defiance of Authority on the part of ordinary workers and their families is a stab at the heart of those Authorities. They cannot brook defiance, and so out come the armed police, just as they have this week in the streets of Ottawa with regard to the truckers protesting vaccine mandates. All the forces of the law, with the cheerful approval of the Canadian established media, the intellectual and ruling class it’s really rather breathtaking, this concentrated venom and enthusiasm for breaking heads and bones, all aimed at the workers participating in a civil and well-organized street protest. (It would seem that as far as the RCMP are concerned, Dudley Do-Right and Constable Benton Fraser both have left the building so much for Canadian ‘polite.’)
What will happen now that the ordinary working stiffs of Canada have been so casually abused by their native ruling class; threatened with having bank accounts frozen, their means of earning a living confiscated, themselves arrested, while their pets and children given over to the tender care of animal shelters and the child “protection” authorities? How far will this protest go now, bouncing down the Odessa Steps like a runaway baby carriage? It could be that Canadians, with the ethos of being polite, courteous, and truthful, may be truly shocked, shocked to the point of open rebellion over being consistently lied about and bullied by their ruling elite. In America, our own flyover country residents are perfectly accustomed to being abused as stupid, red-necked rubes by our own elite class. It’s what we have come to expect of NPR, the political ruling class, the New York/Hollywood cultural axis and the inside-the-Beltway-Washington DC denizens; what we have come to expect of them anyway. It may be a new and shocking development to ordinary, working-class Canadians, this contempt for the working class, though. Comment as you wish.
Wagging the Dog
I actually do recollect seeing the movie of that name and a mildly amusing venture it was, into speculative political fiction; a whole war generated out of thin air by an unholy cabal of scheming bureaucrats, a conniving segment of the entertainment industry and a tame media, eager to be spoon-fed an appealing story if it would goose ratings by a point or so … and all in the cause of burying a political scandal involving a US president by setting up a war, with a hero and a theme song and cheering crowds and all. The movie was based on a book by Larry Beinart weirdly enough, I also have a copy of it on my shelves. The book is much, much darker than the movie, but the premise is just as improbable; the national news media and the Industrial Entertainment complex going all in to generate and publicize a war with the aim of re-electing a Republican president at the bidding of and through dark money provided by a Republican eminence grise? Talk about the suspension of belief necessary to find that concept credible; not even with a bucket truck and one of those enormous construction cranes used for high-rise projects …
Does the Bear Market start tomorrow?
Tomorrow, the vaccine mandate for truckers in the US begins. The Canadian border is already affected by the Canada mandate and there is already some pain. Truckers work alone although a small number share driving with wives or other partners. Their exposure to the general public is minimal in their work life. The same mandate by the US will block most Mexican drivers from bringing fresh fruits and vegetables into the US. All three groups of drivers have a low compliance with vaccination. The result will likely contribute to the supply chain crisis, which has only worsened the past few months.
Now, The stock market is showing weakness.
Energy policy has driven up oil, fuel, packaging and gas prices. Transportation costs have skyrocketed. Emission regulations have driven up port costs and delayed transportation; fracturing the supply chain. Vaccine mandates have hit the manufacturing and processing sectors. Legislative policy and COVID spending have artificially inflated the economy. Monetary policy has devalued the dollar and driven even higher inflation.
The mandate will affect 50% of US truckers. Mexican truckers are unknown but Canadian truckers are already demonstrating in Ottawa.
Into this hurricane of stagflation, the fed is going to raise interest rates. The stock market could lose half its inflated value. The NASDAQ is already responding to the storm clouds. Employment is going to start getting really sketchy. Congress will eventually announce their remedy, which will be more spending and the dollar gets worse.
A market expert is predicting a bear market.
Industrial Distribution Two Years into the Covidian Era
It has already been two years since we started with the Commie Crud (tm Sgt. Mom) and what a two years it has been. I have occasionally put out a dispatch from the front lines of industrial distribution here in the USA and thought it might be a good time to give an update.