A new report from the Pentagon shows that Wall Street has wrecked the defense industrial base. There are multiple reasons. Chart shows stock buybacks are up while research and development is down. It's why we're spending more, but losing ground to China https://substack.com/notes/post/p-114115599

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I picked this up from Simon Rosenberg's excellent Substack. I tell you, making money in the stock market is hard. But it's easier when you're trading against people who believe the insulting, Chicken-Little "American Carnage" narratives pushed by the MAGA crowd. #CoSoFinance https://simonwdc.substack.com/p/the-economist-riding-high-the-lessons

"Take your time, Dear."

If you're 12 years old at heart, you'll appreciate this chest of drawers.

This will please many of you. "Twitter faces a whopping fine in Germany which is more than its net worth" https://www.cnbctv18.com/technology/twitter-faces-a-whopping-fine-in-germany-which-is-more-than-its-net-worth-16366461.htm/amp

Yep.

This is true -- economists are terrible at predicting recessions. I picked this up at substack.com's notes, by the way. It's the feature that got Substack banned from Twitter

This graphic from the International Monetary Fund shows how global the increase in inflation has been. The United States does not particularly stand out in this global phenomenon. #CoSoFinance

If you're in Las Vegas starting next Monday, consider checking out the Las Vegas MoneyShow. I'l be there, doing a presentation and a panel, and a bunch of very smart people will share their investment insights. https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/50a8463072b6404a8b1a00fe930f4ecc/sean-brodrick/

Bloomberg is hammering that this leak of sensitive documents is an embarrassment for the Biden Adminstration. Really? Did Biden hire this a-hole? Does Biden set the hiring/review policy for the Air Force? What exactly is Biden's connection to this, Bloomberg? Or are you just desperate to find a Democratic scandal because the Republicans have so many? #CoSoPolitics

The meats, poultry, fish and eggs index fell 1.4%, pulled down by another month of large decreases in egg prices. #CoSoFinance #Economy #groceries https://www.cnn.com/2023/04/12/business/grocery-prices-march