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October 15

Trading News Highlights
10Y is 4.037%, lower by 6.8bp at close
Gold is $2,662, up $13
Oil down almost 4% as concerns ease about Israel attacking Iranian energy facilities

September Empire Fed -11.9. Down From 30-Month High To 5-Month Low
AAA gasoline is $3.203, only 0.6ct below a month ago. Inflation ahead?
Mask mandates will be returning in several Bay Area locations starting Nov. 1 | Zero
Next-Level Vote-Buying: Harris Promises Black Men $20k 'Forgivable Loans' | Zero
Israel Plans To Strike Iran Before US Election | Anti-War

THAAD Ain’t So Good | John
Hell, if the THAAD was such a great piece of air defense why didn’t we send a couple to Ukraine? Zelensky is begging for more air defense. The reason is simple — reportedly, there are only nine launchers in the entire world. Each launcher carries eight missiles, which means if Iran fires 100 missiles, 92% of them will be safe from THAAD. Then there is the reloading and supply problem. Reportedly, Lockheed Martin built only 1,000 missiles for this system. There is not a ready supply sitting around in a warehouse waiting to be sent to the front.

Wauck: It appears that this deployment is a replacement for the THAAD battery that had been in place in Israel since 2019—apparently manned by Israelis. Iran claims to have taken out that battery in their most recent demonstration strike, so the US deployment is a replacement.

See Debt Rattle
* Democrats care more about dudes who wanna become women than dudes who just wanna be men
* Trump has called on Kamala to take a cognitive test, calling her “slow and lethargic.”
* The UK is suffering the worst decline in living standards of any G7 country..”
* We're going to give farmers an off-ramp from the current system that destroys soil, makes people sick, and harms family farms. -RFK, Jr

How can an incumbent be the change candidate? | TAC
Harris responded: “There is not a thing that comes to mind … and I’ve been a part of … the decisions that have had impact.” Harris’s fidelity to the Biden agenda is not surprising. She has boasted in the past about being the last person in the room with Biden when he made the disastrous decision to abandon Afghanistan.

Harris’s running mate Tim Walz appeared to embrace the Back to the Future theme when he told a Bethlehem, Pennsylvania audience: “We can't afford four more years of this!”

FEMA Still Paying $9,000 For Covid Funerals, Billions On Pandemic Payouts
Why is the family of someone who dies from Covid more deserving of a government-paid funeral than the family of someone who dies from cancer, cardiac arrest or a car accident? It bears emphasis that this question was every bit as relevant in 2020 as it is today.    at 12:00 AM


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