Jim’s Mailbox

Posted at 3:38 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Like it or not, the game has changed. And, as Jim has said if you can not catch it, you can not kill it.

Dave

Russian Hypersonic Nuclear Weapon That Can Travel 27 Times The Speed Of Sound Is Now Operational
December 27, 2019

It’s official: exactly one year after Putin oversaw the final test of Russia’s most advanced hypersonic weapon, on Friday a the intercontinental weapon that can fly 27 times the speed of sound became operational, Russia’s defense minister reported to President Vladimir Putin, bolstering the country’s unprecedented nuclear strike capability, one which the US has yet to match.

As AP reports, Russia’s Defense Minister Sergei Shoigu informed Putin that the first missile unit equipped with the Avangard hypersonic glide vehicle entered combat duty.

“I congratulate you on this landmark event for the military and the entire nation,” Shoigu said later during a conference call with top military leaders.

More…


Jim/Bill,

With all the talk about how bad socialism is, I thought this would be a great time to ask this question. With the FED passing out money at near zero % interest rates to prop up the stock market a market which is mostly owned by the 1% , would this not be socialism for the rich?

Dave

Global Stock Markets Gained $17 Trillion In Value In 2019
December 24, 2019

Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations.

The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok.

More…