Kidder Reports

November 20

Trading News Highlights
10Y yield is higher by 2.4bp to 4.4254% | 8:00
Gold is down $2 to $2,632
Dollar index up to 106.52, up 0.42% after a three-day drop
Aluminum Approaches 5-Month High
Steel Extends Rebound to 2-Month High
Natural gas futures rose above $3.00, reaching a four-week high

Walmart shares have risen by nearly 100% over the last year
Comcast to spin off MSNBC, CNBC and USA. Business that’s losing viewers and advertisers
Nvidia earnings today. World’s biggest company, with a $3.6 trillion cap. The stock tripled this year.

Trump Confirms Plan To Use Military For Deportations | Debt
“Under legislation from 1976, US presidents can declare national emergencies at their discretion..”
“..it would make more sense for Trump to deport the Democrats and take in the Hispanics.”

Biden To Send Antipersonnel Mines To Ukraine | Moon
Biden was found to be too senile to stand for re-election. But that does not hinder the powers that be to let him launch world war III. After 'allowing' Ukraine to fire U.S. controlled ballistic missiles onto targets in Russia, the Biden administration is adding largely prohibited antipersonnel mines into the mix. Over 160 countries, including Ukraine, have signed treaties which prohibit the use of antipersonnel mines.

Dems’ farewell present to America. | Debt
So what changed Biden’s addled mind? Biden staked his legacy on Ukraine. He was involved in the 2014 coup, in allegedly shady practices there with his son and then in provoking Russia to invade in 2022. He foolishly believed he would prevail in bringing down Putin with an economic, information and proxy ground war. All three are now decisively lost as the U.S. — still under Biden — prepares for the end game. Biden’s only face saver is for Ukraine to get back some of its lost territory by trading for it with Russian territory it seized in Kursk this summer.

Russian state television showed countries that will be hit by nuclear weapons if war intensifies | Debt
"All it takes is three missiles and British civilization will collapse."

Gallup poll found that 52% of Ukrainians wanted peace talks to end war with Russia | Anti-War
Russian-captained Chinese ship seized by Danish Navy for cable attack | Bulgar

Trump’s tariffs and their inflationary consequences are worrying, but will they prove correct?
Instead of taking the “experts” word, let’s consider how tariffs may affect the prices of all goods and services, not just the items subject to tariffs. Furthermore, it’s worth discussing how tariffs could impact the economy, as economic activity greatly influences inflation. Lastly, we lean on historical precedence, capitalism, and the dollar to further evaluate how tariffs might impact inflation and economic growth.

A technique of a lateral thinker is reverse thinking
Charlie Munger’s adoption of mathematician Jacobi’s mantra to “invert, always invert” is a prime example.
KR: You mean like reverse repos?

The Penis Poem –by Willie Nelson
I have outlived my Pecker
My nookie days are over, My pilot light is out.

The Democratic Party Faces Its Day of Reckoning
The Democratic Party has partnered with Wall Street donors since at least the 1990s. Under President Bill Clinton, the party overturned Glass Steagall and other New Deal programs that had effectively restrained Wall Street greed for 60 years. It also sold out American workers with so-called trade deals that freed their bosses to ship American jobs overseas.

Psychopathy is almost a job requirement for secretary of state
The title entails a responsibility for helping to roll out the violence and tyranny which serves as the glue that holds the US empire together. As secretary of state you are responsible for whipping up international consensus for brutal economic sanctions regimes, drumming up support for heightened aggressions against the official enemies of Washington, and making up excuses for the criminal abuses of the US and its allies. at 12:00 AM