One federal deal a day, worked out line by line the way an owner would, then scored MARKET or MANAGED.
Open the ledger ›Each edition opens one deal and follows it to your 401(k). Then it goes on the running ledger.
What Washington bought, what it paid, and what strings came attached.
Follow the money to the people who got paid. Then to the people who didn't.
Every rescue has a cousin. I pull the old file and check how it ended.
Plain math on what the deal means for your 401(k) and your brokerage account.
One verdict per deal. Both parties get scored. Nobody gets a pass.
Washington's whole portfolio, priced like a fund every Friday.
I build the ledger from the source up. That means SEC filings, agency releases and market data. Every figure on the page names where it came from.
See how the score is kept ›| Position | Type | Verdict |
|---|---|---|
| Position A | Equity stake | Managed |
| Position B | Golden share | Managed |
| Position C | Grant w/ strings | Market |
| Position D | Revenue cut | Managed |
For every dollar of operating profit the market paid this company in the first half, the Pentagon paid eleven.
The floor under this company has a floor under it, and that second floor is an annual vote.
I might have written this floor myself; an owner just insists the payments get called what they are.
Your index fund holds a slice of the companies Washington buys into. Each edition shows which slice, and what it cost.
When the government is a shareholder, the rules change. I read the filings and put the terms in a plain sentence.
You stopped trading years ago. You never stopped reading the business section. This is the page it's missing.
Each edition uses the parts its deal needs.
Start with who owns the place. The biggest shareholder of MP Materials is the Pentagon.
MP Materials is the only American company that mines rare earths and turns them into finished magnets.
“unauthorized, void or voidable”
That is MP’s own language for what a court or Congress might one day call the arrangement.
The stock in your fund is held up by the taxes you send in April.
Two dials matter from here. One is the price of NdPr, the oxide magnets are made from, against the $110 floor. The other is the spending bill Congress takes up this fall.
One deal from Washington every morning, followed to your money and booked on the ledger.
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