QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better.

Since the Fed started manipulating interest rates with QE, you're behind nominal GDP growth by 2.4% per year.

"Democracy" may not be on the ballot, but freedom of speech certainly is

This idiot was actually a high school teacher, indoctrinating kids with these Orwellian lies:

Walz making an alarming and false claim: "There's no guarantee to free speech on misinformation or hate speech, and especially around our democracy."

Walz is wrong, of course: The First Amendment, which vigorously protects Americans' free speech rights, does not distinguish between good information and misinformation. Moreover, so-called hate speech—an arbitrary category, as different people find different sorts of speech to be hateful—is quite obviously protected.

Combine that with the Biden-Harris administration's long record of brutal censorship (see disinformation czar Nina Jankowitz, Twitter Files...), the First Amendment is on the ballot, and on life support.

Nailed it

Twitter (X):

To be fair, though, I thought they'd come up with someone more appealing than Cackles Harris.

Strange days indeed

I'm not much of a conspiracy theorist, but look at what the security agencies did to create and promote the Russia collusion hoax and the Hunter Biden laptop Russia disinformation hoax. They're clearly heavily invested in preventing a Trump presidency and have zero care about legality or ethics.

You have to wonder if assassination is beyond them.

The disinformation and election interference is coming from inside the house

The FBI just admitted in court that Hunter Biden's laptop is real.

Here are 20 minutes of Joe Biden, U.S. intelligence officials, and the American media claiming that Hunter Biden's laptop was "Russian disinformation."

The FBI has had possession of Hunter's laptop since… pic.twitter.com/5lzQaXitwq

— KanekoaTheGreat (@KanekoaTheGreat) June 5, 2024

Happy Super Tuesday!

CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%.

CalPERS has missed its return targets for the trailing 1-, 3-, 5-, 15-, and 20-year periods.

When CalPERS fails to make its' required returns, California taxpayers are liable for making up the difference for California's uber-generous public pensions.