Notes in the Margin

Homes are hugely overpriced for the interest rate. But your Realtor will still tell you "number always go up."

Deregulation: the law permits direct sales from cooks to customers without requiring a commercial kitchen. 

"In a defeasance transaction, the borrower posts US government securities as collateral with a licensed trust or escrow agent."

Although he isn't running for office, President Trump is running taxpayer-paid ads praising himself and warning of a "final battle."

From CBS News: U.S. military lays groundwork for potential action around Cuba.

During 16 instances of rapid increases in the 10-year yield since 1970, a financial crisis occurred.

The increase comes about a week after Federal Reserve policymakers voted to raise their benchmark for short-term interest rates to address the nation's stubborn inflation problem. 

Yields on government debt are headed, up, up, and up. The 10-year yield is now at a 30-year high.

“When inveterate war hawk Mike Rogers suddenly declares, ‘The war in Iran needs to end—and end quickly,’ you know he’s losing—and losing badly”...

"You can’t fool or hide in the bond market – unless the Fed gets inflation under control the long end of the curve is going to continue to come under pressure.”