We Should Be Glad Biden's In Charge -- October 1, 2024

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Earlier note:

Israel: begins ground operations into Lebanon. 

This is absolutely fascinating. And one gets the feeling Netanyahu's timing could not have been more fortuitous. The US military backs Israel to the hilt. The US president, probably ambivalent, is more than a lame duck. His vice president, incredibly ambivalent but knows not why, won't take a stand with only 30-some days left before the election. Netanyahu's window of opportunity has opened and will remain open until January 20, 2025. 

It looks like geopolitics and Mother Nature finally caught up to the Biden administration. Two shooting wars -- Ukraine and Israel -- and a bigger concern, China? The latter just fired a ballistic missile into the Pacific -- the first such public test in decades.

And, then, of course, the clean-up from Hurricane Helene will easily carry us through the election -- with every incumbent from Florida to Ohio at risk if the federal and state response goes badly. Rick Scott, Florida, looks particularly vulnerable.

A port strike on the east coast stretching down to Texas? 

One can only imagine what Rocket Man (Kim Jong Un) might be thinking.

Today (October 1, 2024): US has indications that Iran is preparing to launch a ballistic missile attack again Israel. [And Iran did launch 200 ballistic missiles. Will be fact-checked over the next few days.]

Oil (WTI): surges.

US equity markets: plunge. But recover.