Bond Crisis could mean ELECTION SHOCK

Debt key to continuing economic recovery                                                                                                                                                                                                                                                                                                                                                                                                                 August 09, 2023 | [Read Online]( Dawn Report August 9, 2023 Currently, the federal government’s debt is more than $32 trillion. Yes, trillion with a T. And that is nothing. It is going to be more than $100 trillion within just a few decades. In fact, according to some estimates, it is already above $100 trillion. If you count unfunded obligations from entitlement programs, especially Medicare, it’s already about $100 trillion. We’ve already seen America’s long-term debt be downgraded by Fitch Ratings… But could there be a cost if federal spending is cut? Morgan Stanley argues that massive financial stimulus is what has allowed the American economy to grow so quickly and defy predictions of recession. If federal spending must be cut because the government is unable to affordably take on more debt (due to investors not wanting to buy), the costs could be dire. “If fiscal spending must be curtailed due to higher political or funding costs, the unfinished earnings decline that began last year is more likely to resume,” wrote Morgan Stanley strategist Michael J. WIlson. Keep a close eye on how bonds are selling… If investors start demanding higher prices for American debt, the surprise rally that has characterized 2023 could come to a sudden end… Just in time for the election. Get What’s Yours, Jeff Bishop WORD ON THE STREET GOP Abortion Defeat, EPSN Big Merger, We(Can’t)Work - Abortion Restrictions Lose In Ohio - A GOP supported effort called Issue 1 which would have made it more difficult to amend the state constitution lost overwhelmingly yesterday. This means a constitutional amendment to protect abortion in Ohio will just need 50% of votes in November, which seems very likely. - ESPN Bet Is Born - ESPN Bet is taking over Penn Entertainment’s Barstool Sportsbook and will begin operations in 16 states where gambling is legal. Penn has the exclusive right to the ESPN Bet trademark for a decade, and the deal can be extended for another decade later. - WE Down 23+% In After-Hours - WeWork fell off a cliff in after-hours trading even after losing 5.5% during the trading day. It lost $397 million in the second quarter and confessed there is “substantial doubt” about its ability to continue operating. - Hail To The New King Of Beer - Modelo Especial could become the top-selling American beer in 2023 as a customer boycott continues to eat away at Bud Light’s market share. Modelo beat Bud Light in sales for the third consecutive month in July and may soon catch up when it comes to annual sales. HOT SPOTS: What's Going on in Geopolitics - Water Cannon Wars - A conflict between China and the Philippines over a grounded ship has gone hot - or at least gone to water cannons. China sprayed a Philippine vessel with a water cannon on August 5 as Beijing demanded the Philippines tow away a World War II ship from a shoal being used as a naval base. However, the Philippines says the Chinese action was excessive and claims the Second Thomas Shoal as within its economic zone. The warship Sierra Madre was deliberately grounded there in 1999 to buttress the Filipino claim to sovereignty. - Wagner Boss Taunts US - “I am proud of the boys from Wagner,” said Yevgeny Prigozhin, the chef-turned-mercenary of the Wagner Corporation. He said that American diplomat Victoria Nuland’s complaints about the coup in Niger, backed by Russia, “brings joy.” - Emptying Out The Storage Sheds - Use them or lose them. Russian media reports that the Vagzhanovo storage facility, home to 3,840 Soviet tanks and armored vehicles, as has been emptied since the war in Ukraine began. Russia has been stripping its reserve forces to keep the front supplied, even if it means an embarrassingly small Victory Day parade. CUTTING EDGE: What['](s Happening In Tech - Zoom Faces Fight Over AI Training - A newly noticed provision in Zoom’s Terms & Conditions that reportedly allows the company to use user data to train AI is getting the company in hot water. TechCrunch reports the provision could run afoul of European Union rules that aim to protect user privacy. Zoom is just one of many companies struggling to determine what they are and are not allowed to feed to data-hungry models for AI training. - Fed Increases Crypto Oversight - The Federal Reserve is beefing up its supervision program for banks that use cryptocurrency and blockchain technology. The rules haven’t changed, but the “novel activities supervision program” (sounds ominous) will pair specially skilled experts in digital assets alongside conventional supervisors. - Norway Fines Meta $99K A Day - Datatilsynet, Norway’s data regulator, is fining Meta about $98,500 per day for privacy breaches dating from August 4. It argued that behavioral advertising entailed “intrusive surveillance” of users. FOR YOUR CONSIDERATION “PROG was up more than 8.5% during the trading day.” One of the RID Legacy Portfolio stocks just reported earnings… and it looks good. Mr. X provides a must-read update on the company approved for the country’s first over-the-counter birth control pill. [EARNINGS UPDATE ON PRGO]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. Update your email preferences or unsubscribe [here]( © Dawnreport 62 Calef Hwy. #233 Lee, NH 03861, United States