Kamala Unwinding... Authored by James Howard Kunstler via Kunstler.com, “...we are facing a catastrophic collapse of governance. With democracy reduced to a tragedy or a farce (probably both things)..." -  Ugh Bardi “As the US increasingly resembles ancient Rome, being president is more and more

Money-Market Fund Assets & Small Bank Deposits Surge To Record Highs... As Stocks Soar For the third week in a row (and 9th week in the last 10), money-market funds saw inflows (+$11.3BN), pushing total AUM to a new record high ($6.474TN), even as stocks surged to new record highs... Source:

Bitcoin, Bullion, & 'Biggest Shorts' Blast Higher To End 'Bad Data' Week Goldilocks it wasn't... as inflation macro data surprised to the upside and growth macro data to the downside (we love the smell of stagflation in the morning)... Source: Bloomberg ... but that didn't stop stocks soaring

San Francisco To Shutter 9% Of Public Schools As Budget Crisis Explodes San Francisco is gearing up to shut down 9% of its public schools in a desperate move to fix a massive budget deficit. With student enrollment plummeting and pandemic relief funds drying up, the city is set to close or merge 11

Republicans Increasingly Likely To Flip The Senate; Latest Poll Finds Authored by Mike Shedlock via MishTalk.com, The best news for Republicans is not the uptick in polls for Trump. It’s the likelihood they can avoid a devastating Democrat sweep if Trump were to lose. A set of New York Times/Siena