Defense contractors see boom time under Dems (E1306)

Max and Stacy discuss the boom times predicted for ‘defense’ contractors as Democrats take the House. The CEO of Raytheon tells an audience that the Democrats are unlikely to care about the budget, and so more taxpayer funds will continue to flow. Max interviews Mish Shedlock of MishTalk.com about both tech stocks and oil prices plunging and what they could be telling us about the true state of the economy. They also talk about the credit cycle turning and the impact rising rates will have on a debt-laden global financial system.

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