Tim Miller

This is the type of plane, I'm sure you know more about this than me, that we don't have that many of.

Yeah, I read $700 million, but whatever, umpteen hundred million to make one.

And it was demolished, right?

laundry fire and that's why it was out of commission but yet then when trump was on stage one time recently he was talking about how the ship was under fire from iran from a bunch of different directions that makes me wonder anyways the gerald florida thing i think i think that you have to at least question whether they're telling us the truth about the kind of attacks that we're suffering so another report that happened after that is that we're now i guess searching for more underground facilities

to protect our

or materiel or planes and other tanks, et cetera, does seem like the kind of thing that you probably should have thought of before the war.

A lot of people have been paying very close attention to the Ukraine-Russia war.

So this was like a big takeaway that because of the new drone warfare now, the manner in which you have to protect your own equipment is different than it would have been 10, 20 years ago.

Apparently we didn't do that.

And then moving on to the economic impact, oil prices are up again this morning.

30-year treasuries are up to about 5%.

We're getting close to great recession territory in the bond markets.

This is not necessarily exactly related, but farm bankruptcies, there's a new report out this morning, doubled last year.

Certainly, that's going to be exacerbated by the increase in fertilizer prices that we're seeing now.

We had Meatball Ron DeSantis, governor of Florida.

I thought this was a notable signal.

He posted this yesterday.

Market seems to be pricing in further inflation.

Mortgage rates up in recent weeks.

And he shows a link to a picture with like stocks going down and bond prices going up.