Go big picture. The FED will slow rate drops not because politics per se’, but rather it is a tacit admission they know the MAGAeconomy is going to explode – red hot.
Trump’s policies create actual deflation. We’ve seen it before. We know it first-hand. Goods prices will drop. Food prices will drop. Gasoline prices will drop. The dollar will skyrocket. Service prices will go up, but only because demand increases.
As President Trump imports American wealth back into the USA, we benefit. The multinationals, and their pretending financial media have to pretend not to know this; but you can see it in reactionary data.
The FED knows the Trump economic plan leads to almost immediate dynamic growth. Yes, they suck, but they suck because they pretend not to know how good President Trump is for the USA economy. Nothing more.
“We are going to decide whether we are going to grow our way out of this debt burden, and I think we can, through deregulation, energy independence & dominance in the US, and a growth mindset. I feel very strongly that this is the last chance to grow ourselves out of this.”
Sounds great for future America but not for risk assets overall… Say bye bye to deficit and gov spending that created this decades long enormous bubble.
There will be a transition period which may take year(s) and risk assets will suffer greatly. Undoing decades long policy mistakes will have a price. And remember outliers revert with velocity.
Did market know what was coming ? I absolutely think so. Otherwise why growth stocks would suffer since Trump’s lead in polls.
You see, Bessent talks about bringing growth back but ironically growth stocks are underperforming. Why? Because the market knows that without deficit spending, bubble will burst. And as always hot money / smart money is now leaving high beta growth names before major market turn. They always lead.
While I have doubts that Trump administration and new Treasury Secretary do as they say, if they do, it will be great for the future America but during the transition period, the bubble will burst with velocity.
The US Congress has allocated $182.99 billion to Ukraine since the beginning of Russia’s military operation in February 2022, according to a report from the Pentagon’s Inspector General released on Thursday.
Of the total amount, around $131.36 billion has been directed towards security-related activities. This includes $46.51 billion earmarked for an increased US military presence in Europe and $45.78 billion for replacing weaponry supplied to Ukraine. In addition, $43.84 billion has been allocated for governance programs, which include salaries for Ukrainian public servants, while $4.08 billion has been designated for humanitarian assistance.
The US has provided a range of military equipment to Ukraine, including vehicles, ammunition, weapons, artillery, and demolition equipment. The aid packages have specifically included Bradley fighting vehicles, which Ukrainian troops have come to prefer over Abrams tanks due to their speed and agility on the battlefield, the report says, adding that American maintenance experts continue to offer remote support for this equipment through secure communication channels.
The US has provided a range of military equipment to Ukraine, including vehicles, ammunition, weapons, artillery, and demolition equipment. The aid packages have specifically included Bradley fighting vehicles, which Ukrainian troops have come to prefer over Abrams tanks due to their speed and agility on the battlefield, the report says, adding that American maintenance experts continue to offer remote support for this equipment through secure communication channels.
KTM has been in trouble for a while now. But in its most recent financial statements, it seemed as if with a little restructuring, more layoffs, and a few changes to its lineup, things would likely even out in the next year or so. Sure, it’d be rocky ahead, but the brand’s parent company, Pierer Mobility AG, would be on firmer footing soonish.
That’s, apparently, absolutely not the case.
Just a few weeks after Pieirer released its Q3 financials, ones that denoted a serious drop in revenue and an increase in acquired debt (welcome to the family, MV Agusta!), the brand released another statement essentially saying, “We’re truly and properly screwed if we don’t find a substantial cash infusion.” So yeah, I think KTM, as well as GasGas, Husqvarna, and the newly acquired MV Agusta, might get sold in the coming months if not weeks…
The plandemic boosted motorcycle and bicycle sales, but the trend has not continued. Motorcycles are technologically better by far than years ago but they also cost more and new riders may not understand the value of the added tech or know how to use it. ABN
This paper argues for: leverage change to build new, better forces for the 21st century, allowing for deep spending cuts of \$400-500 billion. This approach enhances the U.S. military’s competitive advantage in future warfare and improves American national security by ending open-ended interventions without attainable political-military objectives. Assuming Congress acts wisely, the resulting annualized savings can both pay down the national debt and reorient U.S. military power to new forms of warfare.
Grand Strategy and New Thinking
Grand strategy, if it exists at all, consists of avoiding conflict, not starting wars. New thinking in defense and foreign policy prioritizes diplomacy and peaceful cooperation over military power. None of America’s potential opponents, except those with nuclear weapons, pose a direct threat to the American homeland. If international terrorism and criminality remain threats, then border security and tightly controlled immigration should be the top priority in national security.
Senior military leaders and their services cannot be expected to reform themselves and fundamentally change the military status quo—a World War II/Cold War structure that is expensive, single-service focused, and vulnerable to weapons of mass destruction. Peter Drucker, when asked how to change a large business enterprise, answered, “If you want something new, you must stop doing something old. People in any organization are always attached to the obsolete.”
In line with Drucker’s guidance, the incoming President must implement a new national military strategy that diverges sharply from the last 30 years. This strategy must scale back America’s forward presence, mandate adaptation to new forms of warfare, and address the requirement to retain and develop America’s best human capital in uniform.
American Buddhist Net 