No, I’m not giving you an essay about cost-to-carry, time-value-of-money, or a contango shift in the futures market. Such gambles are beyond my limited scope.
Rather, we have today Sean Patrick Ihndris, Docket No. 6361-19L, filed 3/2/20. No, that date is not an “inadvertent clerical error,” at least, not by me.
Judge Morrison’s order, reposted today on the Tax Court website, reads as follows: “ORDERED that this case will be set for hearing during the calendar call of the Court’s March 23, 2020 Trial Session in Los Angeles, California beginning on Monday, March 23, 2020 at 10:00 a.m. in Room 1167, Edward R. Roybal Center & Federal Building, 255 E. Temple Street, Los Angeles, CA 90012.” Order, at p. 1.
Except.
That calendar call appearance was canceled on 3/11/20. And that order was posted that date. A docket search reveals that the order was reposted today, for what reason I cannot tell.
That’s real backwardation.
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