The Democrat party has been freaking out about the Democratic Socialists of late - despite striking similarities between their policies - because while Democrats are happy to sweet talk voters into socialist ideas that signal maximum virtue, they don't actually want to enact policies that would make blue-city budgets even more dire than they are. 

In short, the party is panicking because the voters they radicalized are electing radicals... 

So what better way to let progressives see what they're voting for? Trot out a co-chair of the DSA with maybe two brain cells to rub together, ask her simple questions, and watch her implode. 

To wit: co-chair Megan Romer was given a softball interview by New Yorker editor David Remnick, in which he asked Romer "What does 'taxing the hell out of them' mean?" in regards to a core DSA position of 'taxing the rich.'

Romer stumbled hard... 

Romer: Uh, yeah, you know, again, I don't have like a solid…

Remnick: But shouldn't you? If you're the co-chair of the DSA, shouldn't you be more specific than 'taxing the hell' out of something? What exactly

By Peter Tchir of Academy Securities

Much of the country is facing extreme heat and humidity this weekend. It makes it difficult to read and get ready for the week, let alone write something for this week, so we will keep this one short and focus on charts.

The markets started and ended the week with a bang. We continue to keep a close eye on the stocks and sectors most affected by Situational UnAwareness (last weekend's T-Report). The Nasdaq 100 had an insanely strong Tuesday, gave up some gains Wednesday and Thursday, only to claw back those gains on Friday, primarily after the weak employment report hit the tape (Houston We Have a Data Problem). At what point will we spend the money to totally revamp how we collect and process data? "Surveys" seem incredibly "old school" when so much real-time information is available. We will see if the worst is behind us on the AI spend story.

• We continue to like buying the bonds being issued to fund data centers and AI. We've been writing about this with increasing frequency. It was almost amazing to see Alphabet do such a massive bond
  ZeroHedge

Apparently, one of the best ways to make $400,000 a year in the New York area is to work for the Port Authority, according to the NY Post.

Twenty Port Authority employees, including 17 cops, cleared $400,000 in total compensation last year as the agency's payroll sailed past $1.2 billion. And much of the magic came from everyone's favorite government money fountain: overtime.

According to payroll data obtained by the Empire Center for Public Policy, 323 employees collected at least $100,000 in overtime alone. Of those, 189 were Port Authority cops. Eight top earners managed to rack up more than $200,000 each in OT. Police Lt. Nicholas Federico won the unofficial jackpot. His $180,691 base salary came with another $215,717 in overtime, helping push his total compensation, including benefits, to $466,775.

Detective sergeants Dewan Maharaj and Robert Zafonte Jr. weren't exactly eating ramen either. Both finished around $448,600, with Maharaj collecting nearly $148,000 in overtime and Zafonte adding about $139,000. The NY Post writes that the overtime crown belonged to chief maintenance supervisor Reginald Bowers, who piled up $231,916 in OT and finished with $421,041 in total compensation.