Confiscating the “Means of Production” In 1784, Benjamin Franklin wrote a letter to a friend: Is not the hope of being one day able to purchase and enjoy luxuries a great spur to labor and industry? May not luxury, therefore, produce more than it consumes, continued Franklin, if without such a spur people would be, […]
Survival Guy: An All-Weather Balanced Portfolio
You know Your Survival Guy’s been stuck in the fog plenty of times. That’s boating. And as I write to you this morning, it’s pea soup out there with clear skies and some wind expected soon. When I think about the start of this year for markets, for you and other investors, it all seems […]
Most Secure Border in History
In June, Customs and Border Patrol had the lowest number of nationwide encounters in history. The news was delivered by Homeland Security Secretary Kristi Noem via X.com: In June, CBP had the lowest number of nationwide encounters in AMERICAN HISTORY at 25,243. This is 12% lower than the previous record, set by President @realDonaldTrump, in […]
Can Peace Hold with a Defiant Iran?
Newt Gingrich suggests that Iran’s defiance means the war is not over. He writes in The New York Sun: The war with Iran is not over. Despite an amazing Israeli and American air campaign, the Iranian theocratic dictatorship’s efforts to threaten Israel and the region have only been delayed and made more difficult. Iran remains […]
Warthog’s Last Stand: Could A-10’s Have An Anti-Drone Role?
The U.S. Air Force has confirmed that the A-10 Warthog, alongside the F-16 and F-15E, can now employ laser-guided APKWS II rockets in an air-to-air role to counter drones and cruise missiles, according to Tyler Rogoway of The War Zone. Though originally designed for ground attack, the A-10’s long loiter time, heavy rocket capacity, and […]
Saudi Arabia’s Transformation
As the Middle East comes to grips with understanding and rationalizing the bombing of nuclear sites in Iran. In the WSJ, Kimberley Strassel introduces readers to Karen Elliott House. Ms. House has a “remarkable” book coming out on 8 July: The Man Who Would Be King. Ms. Strassel begins by asking Ms. House to explain […]
NYC, Crypto, ESG, the Haves and the Have-Yachts
Do you feel like you’re sipping from a firehose? Well, the next big thing coming for you is private equity as big players head for the exits. Isn’t that nice? Americans’ 401(k)s will be stuffed with this crap as BlackRock and others lead the charge. You really can’t make it up. Remember how ESG was […]
Democrats Aiming for Self Destruction?
At The New York Sun, Conrad Black suggests that Democrats, in their obsession with Donald Trump, have chosen self-destruction over the future of their party. He writes: The Democrats are now implacably self-destructive. They resemble nothing so much as a slowly capsizing ship, but show by their frenzied skullduggery that America is not in decline […]
Israel Warns Iran: “Operation Rising Lion” Was Just the Beginning
Brandon J. Weichert of The National Interest reports that Israeli Defense Minister Israel Katz warned Iran that “Operation Rising Lion” was only a preview of Israel’s new military policy, signaling the end of strategic restraint following the October 7 attacks. Katz announced preparations for further action against Iran, including air superiority, nuclear containment, and targeting […]
Trump Announces Vietnam Trade Deal
President Trump announced a trade deal with Vietnam that avoids steep new tariffs. Vietnam will eliminate all tariffs on U.S. goods, while the U.S. will impose a 20% tariff on Vietnamese exports and a 40% tariff on transshipped goods, reports Bloomberg. The deal aims to open Vietnam’s market to U.S. products and curb trade fraud. […]
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