... “One has to worry about opaque assets where there’s illiquidity,” he told Bloomberg in a separate interview. “We’re getting close to the end of late stages of cycles on this and we’re due for a kind of a reckoning.” ...
Tuesday, March 3, 2026
China expected to expand submarine fleet to 80 by 2035, up to half nuclear-powered, from 60 now, more than half of which are diesel-powered
... Brookes cited a Pentagon projection that China’s submarine force will reach 80 vessels by 2035, about half of them nuclear-powered—up from the current estimated fleet of more than 60 subs, most of which are less capable diesel-powered vessels that have a shorter range of movement and must surface more frequently than nuclear-powered ones. This projection has appeared in past Pentagon annual reports on China’s military power. ...
Monday, March 2, 2026
COVID-19 infection peaks in the U.S. overall have been trending steadily less severe since Jan 2024, with the last two only in the high, not the very high, range
The regional data taken individually is more erratic.
Ruh-roh, sign of a top
Since 2020, the number of low- and moderate-income investors has
increased 2.7 times, or 167%, according to new research from the
BlackRock Foundation and Commonwealth.
In that time, factors including increased access to investment
information and additional cash through Covid-19 stimulus packages
helped those individuals to invest. ...
Sunday, March 1, 2026
Saturday, February 28, 2026
SPX return since August 2000 vs. Jan 1871-Jul 1982
Aug 2000-Jan 2026: 8.19% pa / 5.53% real
Jan 1871-Jul 1982: 8.15% pa / 6.18% real
Jul 1982-Aug 2000: 18.99% pa / 15.28% real
Friday, February 27, 2026
Oh Gee, who could have predicted another hot inflation number?
Core wholesale prices rose 0.8% in January, much more than expected
The not-seasonally-adjusted increase in Jan 2026 was 3.58% year over year and a whopping 1.037% on a monthly basis.
Wholesale prices climbed at an average rate of 3.3% in 2025 under Trump, higher than either 2023 or 2024 under Biden, with no let up in sight.
Totalitarian DHS wants total information awareness about you, and got it illegally 42,695 times from the IRS
How many violent criminals and terrorists do you think file tax returns, vote, and collect welfare?
Judge: IRS broke law ‘approximately 42,695 times’ in giving DHS data
... DHS officials have defended the data-sharing agreement as necessary to crack down on illegal immigration. “Information sharing across agencies is essential to identify who is in our country, including violent criminals, determine what public safety and terror threats may exist so we can neutralize them, scrub these individuals from voter rolls, and identify what public benefits these aliens are using at taxpayer expense,” DHS said in a prior statement. ...
Just wait until Democrats run this operation against gun owners and see how you like it.
CNBC doesn't mention that the dollar rallied in the last month along with bonds and gold
Gold heads for seventh straight monthly gain on safe-haven demand
... The metal has climbed 6.5% so far in February, bringing gains for the seven months to a whopping 58%. ... The benchmark 10-year yield fell to a three-month low on the day, decreasing the opportunity cost of holding non-interest-paying gold. ...
Let me fix that for you: Incompetent U.S. military under cowboy Pete Hegseth shoots down our own Border Protection drone in Texas BY accident
Why do Reuters and CNBC bend over backwards to obscure who did what to whom?
U.S. military shoots down government drone in Texas accident, Reuters sources say
The U.S. military shot down a government drone with a laser-based anti-drone system, an accident that prompted the Federal Aviation Administration to bar flights on Thursday in an area around Fort Hancock, Texas, congressional aides told Reuters.
Congressional aides told Reuters the Pentagon used the high-energy laser system to shoot down a Customs and Border Protection drone near the Mexican border, in an area that often has incursions from Mexican drones used by drug cartels.
The Pentagon, Federal Aviation Administration and Customs and Border Protection issued a statement saying the military used a “counter-unmanned aircraft system ... to mitigate a seemingly threatening unmanned aerial system operating within military airspace.” ...
CBP deployed the laser technology this month to reportedly take down four suspected cartel drones, despite warnings from the FAA that the technology had not been deemed safe to use in the same vicinity as commercial flights, an aide told Reuters, adding agencies told them the laser had never before been deployed domestically.
Two weeks ago the military used this laser, and missed!
US military used laser to take down Border Protection drone, lawmakers say
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