Unless you’ve been completely out of pocket this weekend, you’ve undoubtedly heard that Joe Biden will not run for reelection this year. 

Instead, Biden is endorsing VP Kamala Harris as the Democratic nominee. 

With that announcement Sunday, Paradigm’s macro expert Jim Rickards has been vindicated. 

Last year, Jim predicted that Biden would drop out of the race — “after the primaries, but before the DNC.” Jim knocked it out of the park… 

Let’s be honest, Harris doesn’t stand a snowball’s chance in sweltering July. 

The party knows she can’t win. Instead, she’s the Democrats’ throwaway candidate. 

The sooner Democrats can shuffle her off into irrelevancy, the better for the party to regroup in 2028. 

So, she’s as good as any to run against the Trump-Vance juggernaut. 

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Your Rundown for Monday, July 22, 2024...

Monday Mailbag

Let’s take a look at some reader feedback that’s been straining The Rundown’s digital mailbag. 

A few weeks ago, we featured a contributor’s thoughts on climate change. 

To wit, Bill M. wrote: I fail to understand conservatives not seeing the nearness of the climate crisis’ tipping point, given their clear understanding of the national debt’s tipping point!

“Bill M. is not wrong about the climate issues that are abounding around the globe,” Scott M. responds. “And I do not think conservatives are immune to this perspective.

“I think we from the conservative side are having difficulty with the lack of acknowledgement that the earth’s normal cycle of heating and cooling is at least as responsible for this current swing as human misadventure.”

On the other hand, Stephen H. responds: “How can liberals spend trillions of dollars on a con job like ‘climate change’ and still claim to be thinking about our grandchildren? 

“The likelihood of a dollar collapse happening long before we die from this climate crisis is extremely high. What do these folks think the impact of the dollar’s collapse will have on our grandchildren?

“Tactically, you have to address the most immediate threat or you’ll cause your own demise.”

Meanwhile, Steve S. strongly identifies with my neighbor “Bill” from our post-Independence Day issue — which seemed appropriate to re-issue after Saturday’s assassination attempt. 

“I too have been having a hard time with retirement,” Steve writes, “and I also have one daughter who is married now and out of the house. 

“My house feels empty… Downsize, you say? With a 4% interest rate on my mortgage, I just can't get over the hump.” 

Art G. adds: “At least in California, real estate agents are not really using any methodology to determine the true value of homes that they list. 

“I’ve been looking to buy a home for several years now, and I have not found the right one. I refuse to pay for anything when the price isn’t justifiable.”

Next, Rick G. says: “The liars and manipulators in the White House are at it again… 

“Gas just went up 9.4% here in Missouri to $3.49 a gallon. But Team Biden is giddy over a .1% drop in the PCE? 

“Joe thinks prices are going down. But prices are still up 20% or more since he took office.” 

Finally, as promised Friday, we take a look at some reader mail pertaining to the Generation Fauci issue. 

“Insley… What nonsense!” Rick H. says. “What do you expect? 

“The Constitution? It's malleable: Forget freedom of speech and the right to bear arms. The rule of law? Lawfare is a legitimate political weapon. 

“Individual freedom? Forget about it! No ICE cars after 2035, no school choice, mandatory vaccines. 

“Those afraid of Trump are the wannabe tyrants. History is replete with examples.” 

Gerry G. adds: “You may not like Trump or conservatives, but that doesn't give any side the right to shred the Constitution. 

“There is too much hate coming from both sides in our once great country. Violence is never the solution.” 

Thanks for tuning in today. Again, I appreciate your feedback. It’s, quite simply, a gift. 

Market Rundown for Monday, July 22, 2024

The S&P 500 is up 0.65% to 5,540. 

Oil is down 1% to $79.35 for a barrel of WTI. 

Gold is just slightly down to $2,397 per ounce. 

Bitcoin is up 0.70% to $67,800. 

Send your comments and questions to, feedback@newsyoucanacton.com