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The Freeport Navigator

The Sun Rises… the Sun Sets… and the Debt Load Grows

The tech sector is a good leading indicator of election outcomes. It favors democratic administrations, so if its gaining ground, it indicates investors believe a Democrat could win the election. If it’s sliding, they’re pricing in a Republican victory. But, does any of it actually matter?

The Freeport Navigator

It’s Once Again Come Down to MAD

Our government has managed to borrow $35 trillion, and a lot of that debt is held by foreign central banks… including China’s. And in case you hadn’t noticed, relations between the U.S. and China haven’t exactly been friendly in recent years. China could cripple the US economy by dumping its massive stockpile of U.S. Treasuries…

The Freeport Navigator

[Sunday Read] Company and Political Insiders Have Been Busy

Four senators have submitted a proposal to ban the president, vice president, and members of Congress from buying stocks and a range of other financial assets during their tenures. Spouses and dependent children would be included in this ban. Hats off to them. Their hearts are in the right place. But who are they kidding?