12/20/2023 0 Comments Pica 3030 mechanical pencil![]() ![]() ![]() Range of lead colors allow you to boldly make your mark, anywhere: the availability of high contrast leads allow you to write and maintain legibility on even the darkest surfaces.Use it, never lose it: high visibility holder's unique 2-catch point clip readily secures holder to your trouser pocket or tool belt, so it's always at hand and easy to find.Wipes clean from glossy surfaces with a damp cloth. Pica Dry Pencil Refills for 3030 Markers 2 x Red, 2 x Yellow, 4 x Black 4020.Designed to mark where other pencils can't: holder narrows at the end to provide extended reach in tight spaces.One lead provides thick or precise lines as necessary: built in sharpener allows you to create a precise point for detailed markings on small surfaces.One stroke does it all: darker, thicker leads make your mark boldly and legibly with one stroke so you can get back to work quickly and confidently.This mechanical pencils solves a lot of issues. Pica 3030 + 4040 Dry Pen including Special Lead Base Set, Carpenters Pencil, Green, Blue, White. For use on almost all surfaces: no matter if dry or wet, glossy or rough, dusty or oily. Pica-Dry Longlife Automatic Pencil With Pica-Dry 10 Pack Refill (Multi-Color Water Soluble) 30402 . Item 160112 10.99 Add to Cart Details Articles & Blogs Reviews Add to Cart Details The versatile Pica-Dry Longlife Automatic Pencil marks and writes on all surface materials, as well as dusty, raw, oily, wet and dark surfaces, and can be wiped off glossy surfaces with a wet tissue.Stop the constant frustration of broken leads: 2.8mm thick lead offers durability and resistance to breakage that standard 1.2-1.9mm mechanical pencil leads can't!.Deep Hole Marker Pencil Construction Site Carpenters Pencils Construction Pica Dry Pen Leads Drill Hole Marker Mechanical Pencil Set with 18 Refills. Construction Pencil For Professional Craftsmen. Pica Pencil 3030 Dry Longlife Automatic Pen Long Lasting Life Easy To Use. ![]() Pica DRY® Longlife Automatic Pencil, Graphite 3030/SB - 57-079-308 ![]()
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12/20/2023 0 Comments Back flow incense![]() ![]() Nanmu powder (otherwise known as Tabu No Ki or Makko powder).Please prepare the below items to make your incense: How to make incense cones – Supplies and materials They are also as pleasing to smell as they are to watch. Watching an incense waterfall from the Kin Premium collection is a truly indulgent ritual for the senses - watch the incense smoke set dreamily across the landscape of the incense burner, as the rich smell gently fills the nostrils. ![]() We have heard from readers that incense cones they purchased elsewhere sometimes finish burning in as little as 5 minutes this is most definitely not the case with ours, where burning time for is approximately 25 minutes. The results of months of prototypes and tweaks, we truly believe that our backflow incense cones are amongst the very best you can find on the market today.Ĭreated from the same formulation as their stick incense companions (some with minor tweaks to ensure their combustibility), the cones feature all natural, high quality ingredients, blended in unique recipes derived from ancient Chinese traditions.ĭespite being cone shaped (cones burn much faster than sticks as they have large burning surface areas), our incense cones have solid burn times. We have already written extensively on the topic of how to make incense sticks, and today we want to take you behind-the-scenes of our waterfall cones. Making all natural, high quality incense cones that smell as great as they look Simply put, this is why almost all of the incense waterfall cones on the market today do not have a pleasant aroma. And as more fragrant woods typically contain more oil, and are harder to burn, the cheaper incense ingredients also just don’t smell very nice. These cost and time considerations have prompted many incense cone manufacturers to simply opt for low grade, easy to burn ingredients. This can require sophisticated tweaks to the incense recipe, and a fairly time consuming process of trialing different formulae. This is due to the shape - the burning surface becomes increasingly bigger as the cone is burnt. Moreover, incense cones are more difficult to stay lit compared to incense sticks. They dry much slower than incense sticks due to their shape and weight – for us it can take up to a week for backflow incense cones to thoroughly dry – so the slower production time and the increased amount of space required to dry them also add to costs. ![]() The making of a high quality, all natural incense cone is an expensive affair - each incense cone is several times the weight of an incense stick, so the raw materials cost is also several times higher than an incense stick. Kin Objects Karst incense waterfall burner Why do incense waterfall cones often smell bad? We’ve written a comprehensive guide on the how we think backflow incense cones work and how to use them, so please refer to the article if you have questions along those lines. And backflow incense cones are the incense cones which actually make the waterfalls or fountains come to life. Just a note in case the names are not ringing any bells for you: backflow incense burners are often referred to as incense waterfalls, waterfall incense burners or incense fountains. A Note on incense cones, incense waterfall cones and incense waterfall burners So, we decided that the best solution was to hand make our own incense cones, finally released as part of the Kin Premium Incense Collection. So finally, after two years of searching, we realized that we could not find a factory to accommodate the incense quality level we were striving for. We wanted incense that smelled more aromatic, burnt for longer, and still had the amazing visual effect. We released our original collection, but were not content to stop there. When we released our original backflow incense cone collection, we spent months looking for a factory that could work with us to make good quality waterfall incense cone. This is especially true of the of the brightly (ie, chemically) colored varieties I’ve often seen sold on popular shopping platforms. As mesmerizing as they are to watch, their scent is often less so. Incense waterfall cones – otherwise known as backflow incense cones – often get a bad rap in the incense community. ![]() 12/20/2023 0 Comments Napoleon total war map![]() ![]() What if Napoleon had stayed in the service of the Ottomans, for example, and help rebuild the Ottoman Empire? Or what if Napoleon had established Egypt under French rule and basically become the new Alexander the Great? Remember, Napoleon during this timeframe was a charismatic leader that people of all faiths would have followed him. I think the Egyptian Campaign if properly expanded upon, would have been set for a great alternate history of Napoleon. It’s an enjoyable campaign, with some immersive music. Once that’s done, you then travel to create an alternate history of Napoleon’s failed campaign in Egypt against the Ottomans. You play as Napoleon liberating Northern Italy from Austrian rule. You then progress to Italy, with scripted cinematics and orchestral music reflecting the time. The ending of Empire Total War in 1799 puts you roughly in Napoleon’s tutorial, starting in 1793 when you start the game. Napoleon Total War doesn’t have an enormous map, and it doesn’t encompass the world setting, which I think was a very missed opportunity. ![]() But much felt that the standalone game of Napoleon’s Total War was more like an expansion than a full game. Since then, Napoleon improved many of these aspects. However, the AI wasn’t properly developed both in campaign and battle AI. Empire had many excellent mechanics though: political structure, naval battles and trading regions. While the campaign map’s length was praised, its province structuring and technological advancements that were present were bloated. This was the franchise’s first time, after Medieval II Total War, that a game like Empire was being released in Steam. Empire Total War was not CA’s most successful launch, receiving multiple bugs and launch issues. Empire Total War is the precursor to this game, both in terms of mechanics and time periods. ![]() Napoleon’s Total War arrived as a direct sequel to Empire Total War in 2009. This game encompasses the Napoleonic Era, focusing on the life of Napoleon from his first victory at Toulan against the British, till his most infamous defeat that defined Europe’s history for a generation: Waterloo, or in French, Mont St Jeans. However, it could be broken with cannon fire. A square formation was the single most effective tactic used by infantry of all nations present in the Napoleonic Wars to combat cavalry. Drums being sounded amid cavalry charging across the battlefield, lancers crushing soldiers that are unlucky to have not been placed in a square formation. Musket fire rages in the battlefield, dense smoke covering the atmosphere of the battlefield. It’s a game where you engage in epic warfare, fighting battles with thousands of soldiers. Total War: NAPOLEON Definitive Edition offers hundreds and hundreds of hours of absorbing gameplay and every bit of content made for the game. ![]() Turn the tide of war with the Coalition Battle Pack, which introduces the Battle of Friedland, the pivotal moment when Napoleon crushed Russia’s attempt to contain him.īuild an unstoppable force with Heroes of the Napoleonic Wars and the Imperial Eagle Pack, which together add over 20 legendary and elite new units. Choose one of the three nations at war – France, Great Britain or Spain – and lead your campaign across an independent map featuring 32 new controllable regions. Take on the Peninsular Campaign, based on the intense conflict that raged over the Spanish Peninsula between 18. ![]() 12/20/2023 0 Comments Fonts script samples![]() ![]() ![]() With that one caveat in mind, let’s explore! 1. Remember to read all the licensing details of all HTML fonts before determining if it’ll be a good fit for your next project. Here’s our big list of calligraphy fonts. However, they can make an excellent impact in other ways. Check out 47 great options here □ Click to Tweet When to Use Calligraphy FontsĬalligraphy fonts can’t be used for body text because it would just be too hard to read. Want a typeface that stood the test of time? □ Calligraphy could be the perfect font for your marketing materials website headers, or even social media graphics. Several copies of calligraphic works could be created this way, if each piece of moveable type was created in the same style. Then, it was placed into a press, ink was rolled over it, and then it was pressed onto paper. These were then all arranged into a full page’s worth of type and put into a frame. Then, in around the 1450s in England, each character was engraved on a piece of metal. Calligraphy in Printed MaterialsĪll calligraphy was completed by hand until the moveable type was invented. Various scripts have been found written in countries the world over in Arabic and Hebrew as well. While the word calligraphy is Greek in origin and means “to write with beauty,” the style of writing has been found all over the world. Eventually, steel nibs replaced the quill, offering sharper lines. Later, Christian monks adopted the practice to copy biblical texts. Romans uses quill pens to write on long rolls of paper. What you are likely most familiar with is western calligraphy, which uses the Latin alphabet. The art from then made its way into Japan and Korea, each country with its own style. This was later moved to brushes and paper. A Brief History of CalligraphyĬalligraphy has its roots in ancient China, where each character was carved into animal bones. ![]() Each letter stands as its own work of art. It is both functional and expressive.Īnd while it’s not the most legible form of writing, it is designed with impact in mind. Whether written by hand or designed for printed media, calligraphy offers so much character and personality to each letter. Calligraphy Throughout the AgesĬalligraphy is a true art form that’s been around for centuries. First, let’s spend a little time discussing the history of calligraphy. ![]() 12/20/2023 0 Comments Cashew benefits for women![]() ![]() Numerous studies have shown that cashews reduce the body’s level of LDL harmful cholesterol. We have 10 amazing benefits of eating cashew nuts. But, the brownie points just don’t end here. 10 Amazing Cashew BenefitsĬashew nuts are definitely rich in healthy fats and a lot more nutrients. It’s a super nut that can be added to your side salad. They also have monounsaturated fat, little polyunsaturated fat, and no cholesterol at all. They contain oleic acid if you eat them in moderation. The B vitamins thiamin, riboflavin, niacin, folate, vitamin E (alpha-tocopherol), and vitamin K are also abundant in cashews (phylloquinone). ![]() Cashews are extremely healthy and beneficial for you. So, let’s check it out!Ĭashew in Hindi Meaning: काजू, Cashew Benefits: Know All About The Nutritious NutĬashews are rich in protein and important minerals like copper, calcium, magnesium, iron, phosphorus, potassium, and zinc. Nevertheless, today’s blog is going to showcase a plethora of the many cashew benefits you may be missing out on. Including a significant number of cashews in your diet can also offer you a range of health advantages. The year-round available nut is also a nutritional powerhouse. Cashew nuts are used to enhance the flavor of Indian sweets as well as traditional foods. In several Indian dishes, it generally serves as a base for the entire recipe. Thus, there are many proven health benefits of cashew nuts for men.Due to their versatility and scrumptious taste, cashews are a favorite snack all over the world. Studies have shown its effectiveness in boosting testosterone levels resulting in prostate cancer prevention. Testosterone levels can be increased by consuming selenium-rich foods like cashews. This is because abundant antioxidant vitamins can be found in this delicious nut, thus protecting your body from oxidative stress caused by free radical damage. A combination of calcium and vitamin K is what your bones need to maintain their density.Ĭashews are said to be good in preventing cancers that occur in the digestive tract, but they may be also helpful in preventing prostate cancer too. Completed with vitamin K, this food is perfect for your bone and muscle. Along with magnesium, calcium and potassium can be also found in this nut. It is rich in magnesium, which will not only make your bones healthy but also the nerve function, blood pressure and immune system. Magnesium is needed if you want to keep your bones strong, so including cashews in your daily diet can be the right option. Consuming the right food is one of the most essential ways to keep your muscle healthy. It has been even shown in studies that foods containing arginine help men having better performance in sex.Īs a man having healthy muscle and bones is very important because looking weak could be really miserable. Nitric oxide is responsible to generate erections and this compound requires the amino acid arginine found in cashew nuts. Eating nuts is good for men not only because it increases fertility, but also because it helps to maintain good sex life by generating erections. Having good sex with your spouse is very important because it highly influences your marriage. So this is a great food to add to your diet for maintaining good sperm volume and fertility. ![]() It has been shown by some studies that the low level of zinc in your body, even if it happens just in a short period of time, can affect the volume of men’s sperm. This mineral is very important to maintain in the body if you want to boost your fertility. This could be the main reason why men should eat cashew nuts because this nut is rich in zinc. Some Vitamins and minerals found in cashews are:Īfter knowing the nutrients packed inside cashews, what can men actually gain by eating this food? Check below: The nut, often known as the poor man’s plantation although now it is sold for steep prices is used to make delectable and rich curries and also roasted and eaten dry.Ĭontrary to the popular belief that it can make you gain fat, a considerable amount of cashews in your diet can provide you with many health benefits: The nut and the fruit, both have multiple uses. Made available round the year, the nut has a great shelf life if stored properly. Hanging from the branches are large juicy apples at the bottom of which are attached to the cashew nut. One ounce (28 grams) of cashews contains about 157 calories. ![]() They are low-fat food and are cholesterol-free. They can help to reduce the risk of heart disease, stroke, and cancer.Ĭashews are a good source of vitamins, minerals, and antioxidants. They have several health benefits for men and women. Cashews are native to Brazil, but they are now grown in many different parts of the world. ![]() 12/20/2023 0 Comments Treesize hard links dfs![]() ![]() Mklink /D MyLink C:\T_Dir for creating a symbolic link to the target directory NTFS Symbolic Links.Ĭomplex talk hurts brain - I like charts:Īssume any MyLink is a symbolic link and any MyJunc is a junction pointing at Target as created. So, to be specific, this comparison is about NTFS Junctions vs. So, that's just something to be aware of regarding terminology.Įven though the OP specifies this, it's worth pointing out that "symbolic link" is a very general term that is not specific to NTFS. In fact, technically, a Junction is a symbolic link, and sometimes documentation might call a Junction a symbolic link, as is the case here. Junctions and Symbolic links are really doing the same thing in the same way (reparse points), aside from the aforementioned differences in how they're processed. Taken from here (a good introductory read) Here are some other comparisons on the topic, but these can be misleading when considering junctions because they don't list the benefits I list above. * The statement of difference in speed/complexity comes from an unverified statement in the Wikipedia entry on NTFS reparse points (a good read). So, if you want a local link and can live with an absolute path, you're probably better off with a junction otherwise, consider a symbolic link for its added abilities. Remote targeting makes symbolic links more functional, but also raises their security profile, while junctions might be considered safer because they are constrained to local paths. Symbolic links have more functionality, while junctions almost seem to be a legacy feature because of their limitations, but the security implications of these limitations are specifically why a junction might be preferred over a symbolic link. It should also be noted that creating a symbolic link requires special privilege (by default, only available to elevated processes) whereas creating a junction only requires access to the file system. Since the target of the link doesn't need to exist when the link is created, the file system needs to know whether to tell applications that it is a directory or not. The difference between a directory symbolic link and a file symbolic link is simply that one represents a directory and one represents a file. (Caveat: by default, the system doesn't follow symlinks on remote volumes, so in most cases the second example will actually result in either "File Not Found" or "The symbolic link cannot be followed because its type is disabled.") ![]() \\Alice\c$\mysymlink will point to \\Bob\c$\targetfolder \\Alice\c$\myjp will point to \\Alice\c$\targetfolder But if you're using another machine named Bob, then the junction point While you're using Alice you won't notice much difference between them. Suppose that on a machine named Alice you were to put a junction point c:\myjp and a directory symbolic link c:\mysymlink, both pointing to c:\targetfolder. Also see Matthew's comment on the fact that this means symbolic links on the local file system can point to remote file systems. The main difference is that, if you are looking at a remote server, junctions are processed at the server and directory symbolic links are processed at the client. Since the evaluation of every single file takes up additional time, the determination of hard links may be switched on or off in the "Options" dialog.A junction is definitely not the same thing as a directory symbolic link, although they behave similarly. ![]() For the exact calculation of the occupied space it is vital to count hardlinked files only once - a task at which the Windows Explorer and most other tools fail. The disk space a file occupies does not change, no matter how many directory entries link to it. After deduplication, the paths in Windows Explorer are still as visible as before, but they all point to the same file. It points multiple existing files to the same data and frees up the disk space that was previously occupied by individual chunks of data. TreeSize takes advantage of this fact when deduplicating. Normally, each hard link points to its own section on the disk, but it is also possible that several hard links point to the same section. They map a path in the file system on your drive and allow access to the corresponding file. to deduplicate files with identical content.īut what actually is a hardlink? What you see in tools like Windows Explorer are basically hard links. ![]() TreeSize's full NTFS support utilizes hard links, e.g. Hard links allow different directory entries to link to the same file content. SmartPOP2Exchange versus Exchange Server Toolbox. ![]() 12/20/2023 0 Comments Dont quit poem image![]() ![]() “There is no failure except in no longer trying.” – Elbert Hubbard.“Do not fear failure but rather fear not trying.” – Roy T. ![]() “Difficult roads often lead to beautiful destinations.“You just can’t beat the person who won’t give up.” – Babe Ruth.“If you’re going through hell, keep going.” – Winston Churchill.“It always seems impossible until it’s done.” – Nelson Mandela.“If opportunity doesn’t knock, build a door.” – Milton Berle.“Quitters don’t win and winners don’t quit.” – Elliott Gould.“You never fall until you stop trying.” – Albert Einstein.“It’s a slow process, but quitting won’t speed it up.” dont quit quotes.“How long should you try? Until.” – Jim Rohn.“Giving up is for rookies.” – Philoctetes.“My only talent is that I just don’t quit.”.“Rest if you must but don’t you quit!” rest but don’t quit quotes. ![]() We have divided these inspirational don’t quit quotes into these sections ĭon’t forget to read our post on “ You Can Do It” quotes and powerful bounce back to uplift your mood daily and encourage you to keep moving in life and be successful. Believe in yourself that you will make it till the end and pursue your dreams. So never leave any task/goal incomplete even if there are distractions in your way. Giving up in the middle because of adversities will never make you strong. In these times of emotional and mental weakness when we feel hopeless, some motivational words of encouragement about never giving up can do wonders to change your thought about quitting.Ī quitter will never make it to the end. Endurance and determination can move mountains. Relax and revive your energies and get back on track with a positive attitude and grit. Those are the times when we feel like quitting and just giving up.īut even if you are physically tired and mentally exhausted quitting should never be an option. Sometimes with adversities and constant failures we get frustrated and want to give up -it may happen at work, during workout sessions, in your job, or even in a relationship. Looking for motivational quotes about never quitting? We have rounded up the best collection of don’t quit quotes, sayings, phrases, captions, and status messages, (with images and pictures) to motivate you to be hopeful and keep working hard to be successful. ![]() 12/20/2023 0 Comments Jasper high school cbe![]() The second study, focused on college biology instructors, found that some instructors do not reveal their LGBTQ+ identities in their classes for fear of negative repercussions ( Cooper et al., 2019). ![]() The first study found that LGBTQ+ undergraduates do not report experiencing overt discrimination, yet they do not broadly perceive the college biology classroom as a welcoming or accepting space for their identities ( Cooper and Brownell, 2016). To our knowledge, only two studies have examined the experiences of LGBTQ+ individuals in the specific context of college biology. ![]() This challenging and sometimes uninviting climate may contribute to the attrition of LGBTQ+ undergraduates in STEM a recent national study showed that LGBTQ+ students are 7% less likely than their heterosexual peers to complete STEM college degree programs, despite their higher rates of participation in high-impact practices (e.g., undergraduate research) commonly associated with improved retention ( Hughes, 2018). Prior research has identified that science, technology, engineering, and math (STEM) fields foster particularly heteronormative environments ( Bilimoria and Stewart, 2009 Cech and Waidzunas, 2011), that STEM faculty hold less positive attitudes toward LGBTQ+ issues compared with their counterparts in other disciplines ( Brown et al., 2004), and that STEM fields can be unfriendly toward LGBTQ+ individuals ( Bilimoria and Stewart, 2009 Cech and Waidzunas, 2011 Patridge et al., 2014 Linley et al., 2018). As such, individuals in biology who identify as members of the LGBTQ+ community comprise a marginalized and potentially at-risk population. These risks are likely greater for LGBTQ+ individuals who hold other marginalized identities, such as racial/ethnic minorities ( McBride, 2014 James et al., 2016 National Public Radio et al., 2017). LGBTQ+ individuals may conceal their identities for fear of being harassed, discriminated against, or feeling physically unsafe ( Chrobot-Mason et al., 2001 Quinn, 2006 Goffman, 2009 Orlov and Allen, 2014). Internalized stigma can negatively affect a person’s well-being, because it is a significant contributor to psychological stress ( Quinn, 2006 Mak et al., 2007). The stigma associated with this identity can result in LGBTQ+ individuals struggling to accept their own identities, which can in turn affect whether an individual is comfortable sharing their identity with others ( Kinnish et al., 2005 Morgan, 2013). The LGBTQ+ identity is a potentially concealable stigmatized identity LGBTQ+ individuals have been discriminated against and marginalized both historically and presently in certain contexts ( de Monteflores and Schultz, 1978 Reynolds and Hanjorgiris, 2000). It is estimated that LGBTQ+ individuals make up ∼9–16% of undergraduate biology classrooms, and about half of college science students have reported that they are close with someone who identifies as LGBTQ+ (Cooper and Brownell, unpublished data 2). ![]() LGBTQ+ 1 individuals are estimated to comprise approximately 10–15% of the population in America, and 20% of millennials identify as a member of the LGBTQ+ community ( GLAAD, 2017 Kann et al., 2018). ![]() These recommendations are intended to increase awareness of LGBTQ+ identities and spark conversations about transforming biology learning spaces and the broader academic biology community to become more inclusive of LGBTQ+ individuals. Rooted in prior literature and the collective expertise of the authors who identify as members and allies of the LGBTQ+ community, we present a set of actionable recommendations to help biologists, biology educators, and biology education researchers be more inclusive of individuals with LGBTQ+ identities. Currently, there is no centralized set of guidelines to make biology learning environments more inclusive for LGBTQ+ individuals. Additionally, biology can present unique challenges for LGBTQ+ students because of the relationship between certain biology topics and their LGBTQ+ identities. Individuals who identify as lesbian, gay, bisexual, transgender, queer, and otherwise nonstraight and/or non-cisgender (LGBTQ+) have often not felt welcome or represented in the biology community. ![]() 12/19/2023 0 Comments Witch riding broom carton![]() ![]() ![]() When ingested they caused rashes, nausea, vomiting or even death. There were, however, some nasty side effects to these hallucinogens. ( Public domain ) But, Where Does the Witches Broomstick Come in? Johann Weyer, a Dutch physician and occultist named all these as ingredients in witches “flying ointment” in his 1563 work Praestigiis Daemonum.Ī witch mixing her cauldron by David Teniers the Younger. This included henbane, mandrake, deadly nightshade and jimsonweed. Unsurprisingly, many people liked this effect and began experimenting with it, as well as with other plants which produced similar results. Bodies Left Behind - A Cruel History of Persecution, Shamanic Ecstasies & the True Witches SabbathĮrgot has hallucinogenic properties, giving those who consumed it an LSD-like high.The Long History of Witchcraft Persecution.As result many people unknowingly consumed ergot, thinking it was part of the plant. At the time, bread was made primarily from rye which was commonly infected with a disease known as ergot, caused by the fungus Claviceps purpurea. Source: Public domainĭuring the period witch hunts surged in popularity in Europe, people’s diets included large amounts of bread. Preparation for the Witches' Sabbath by David Teniers the Younger. You see, the use of powerful hallucinogens was very popular around this time, and this is intimately related to the reason for why witches were portrayed flying on brooms. While the image of a witch flying on a broom may be the most common depiction, the image of a witch standing over a bubbling cauldron as she prepares a potion is also iconic. Ever wondered why witches have been depicted riding broomsticks throughout history? Well, the reason is a shocker! Witches, Bubbling Cauldrons and Hallucinogens What comes to mind when you think of a witch? For most people, the first image that comes to mind is of a witch flying through the night sky on a broomstick. ![]() 12/19/2023 0 Comments Jeremy grantham super bubble![]() ![]() In his paper Wednesday, Grantham said “the current superbubble features an unprecedentedly dangerous mix of cross-asset overvaluation (with bonds, housing, and stocks all critically overpriced and now rapidly losing momentum), commodity shock, and Fed hawkishness.” market approaches end of ‘superbubble,’ says Jeremy Grantham See: ‘Good luck! We’ll all need it’: U.S. was approaching the end of a “superbubble” spanning across stocks, bonds, real estate and commodities following massive stimulus during the COVID-19 pandemic. Grantham had warned in a January paper that the U.S. ![]() stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time,” Grantham said. “But now the fundamentals have also started to deteriorate enormously and surprisingly: Between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January.” He warned that the Fed would battle inflation until the job was done, even as it may bring pain to households and businesses. ![]() 26 speech at the Jackson Hole, Wyo., economic symposium, wiping out this month’s gains as he reiterated that the central bank would keep tightening its monetary policy to tame soaring inflation. The S&P 500 closed at a low this year of 3,666.77 on June 16, before surging over the summer along with other stock benchmarks amid investor optimism over signs that the highest inflation in decades was easing.įed Chair Jerome Powell recently ended that rally with his Aug. stock market tumbled during the first half of 2022 as investors anticipated soaring inflation would lead to a hawkish Federal Reserve. This summer’s rally has so far perfectly fit the pattern.” “This, in all three previous cases, recovered over half the market’s initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. “One of those features is the bear-market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst,” said Grantham. ![]() |
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