You can't make this shit up.
Henry in 2015 was reported to be the first known active-duty Army officer to come out as transgender.
Thanks Obama!
Thanks Joe!
The update is still riddled with typos and even an incomplete sentence, but they've made sure to get the major's personal pronouns right.
The major is a real piece of work.
It's all in the eyes.
Median household income in 2021 bought just 17.8% of the median sales price of houses sold.
Ex-Army reservist convicted of acting as Beijing agent...
Safe havens aren't supposed to do this.
Long term return for VWESX since inception in 1973 near the end of 2018 reached north of 8%.
In 2022 ytd return is -27.28%.
The whole spectrum of bonds as represented by VBTLX is down ytd 14.79%.
Traditional investors with a 60/40 portfolio are down over 20% through yesterday because stocks and bonds both are falling.
Cash is king again.
Larry knows danger when he sees it.
Larry is all Trussed up and ready for action!
Didn't do a very good job as mayor then, did ya fella?
Factory Jobs Booming Like It's 1970s...
Well, it's the lying New York Times, of course, and drive-by repeater, Drudge.
The summer peak in 2019 was 12.905 million.
The summer peak in 2022 was 12.916 million, up . . . eleven thousand! Woo hoo!
Meanwhile in the 1970s, many MILLIONS more worked in manufacturing in the United States, and many millions more as a share of the population:
11.8% of the population in 1979 on average vs. just 4.9% in August 2022!
From the end of the story, lol:
Eight percent of the surveyed companies reported moving segments of their supply chain out of China to the United States in the past year, while another 16 percent had moved some operations to other countries. But 78 percent of the companies said they had not shifted any business away from China.
Mike hopes you never hear of regular order again.
Here.
Last guy to mention it I think was Paul Ryan in 2015:
"We need to let every member contribute, not once they earn their stripes, but now," he said. "The committees should take the lead in drafting all major legislation: If you know the issue, you should write the bill. Let's open up the process." "In other words," he said, "we need to return to regular order."
. . . the trend in the bond market . . . still looks bearish. ...
As yields rise and inflation eases, the relative allure of bond payouts becomes attractive, in absolute and relative terms vs. other assets.
James Picerno, here.
Yields are indeed rising, but prices are still falling, so no, not quite yet. Bond prices ought to stabilize when inflation finally eases, and so far prices haven't stabilized.
VWESX is instructive.
There's just a handful of years back in the 1980s where the average price of this very long term investment grade bond fund had been below $8 like the current price is today.
That's one reason why Jeffrey Gundlach rightly says that bonds are "wickedly cheap".
But VWESX only just got there on September 20th, hitting $7.99. We're down to $7.88 this weekend.
Meanwhile yields across this investment grade spectrum are bunched up in the fours, with only about 55 basis points difference between the shorts and longs, and intermediates effectively paying the same as or more than longs.
Prices on the longs need to fall a lot more before making them more attractive than intermediates if you are going to settle for only similar yield.
After all, the long term average return of investment grade longs is north of 7.5%, not in the fours.
But what the hell do I know?
Invest, or don't, at your own risk.
Here, for The New York Times:
Yield on the US 1-year is beating everything with a club in 2022, up 920% year to date.
Hide your baby seals.
A country teeming with sectarian believers in eschatology of one kind or another groomed us for these idiots.
