June 28
S&P Oil FX Gold 10Y BTC CLZ6
BTC is down $31 from $59,693 Friday | 12:28 Sunday
Week Ahead: Jobs Data in Focus as Markets Search for Clues on Fed Rate Path
The MoU’s Survival is in Doubt. Let’s see what Sunday brings | John
Iran launched a significant combination of missile and drone strikes on the airbases in Kuwait and Bahrain. As I write this, the US has not responded. The ball is now in the court of Donald Trump… Will the US continue to encourage ships to circumvent the Iranian PGSA protocol or will it stand down? If the decision is the former then the MoU is finished and the likelihood of renewed US attacks on Iran is high. If it is the latter then the MoU, although on life support, may be salvaged.
Debt Rattle
* The Ukraine war is quite obviously escalating
* The west can fight Russia in Ukraine. They don’t want it to stop.
* 52 companies have departed Delaware. More than $3.30 trillion in combined market cap
* Democratic Party calls for policing against candidates who are seeking to exploit it, not join it
* Larry Ellison is a very strong supporter of the Netanyahu government and is anti-Vance
How US Biodefense Agencies Broke the 1972 Bioweapons Treaty
Newly declassified DNI documents expose a biological weapons program veiled as pandemic preparedness,
Disaffected young men | Tribe
Four-year degrees that cost six figures and train people for jobs that AI can do are worse than useless.
Many of the most contentious political issues turn into fights over narratives.
In the Narrative State, bureaucrats, politicians, and institutions appear much less concerned with governing society itself than with governing how society is perceived by its citizens. The aim is not to present a realistic portrayal of what is happening around us but, instead, to present society as the ruling class believe it ought to be.
New York City was 90 percent white in 1950 and is under 30 percent white today | TAC
In mayoral election, the moderate Gov. Andrew Cuomo won a majority of whites, yet the Ugandan-born, Indian-American DSA candidate Zohran Mamdani dominated the election thanks to overwhelming support from foreign-born residents, who make up around 37 percent of the city’s population.
“White gentrification” is when white people move into an area and make it nicer
“White flight” is when they move away, making it worse
Sane People Aren’t Triggered by Elon Musk’s Wealth | Insta
No one in the Democratic Party is upset with George Soros, for example. We don’t hear many complaints about Bill Gates from them either. It’s more than Musk’s money that sends them spiraling though. They’re harboring a lot of resentment because Musk broke the stranglehold they had on the social media false narrative machine when he purchased Twitter. His work with DOGE at the beginning of President Trump’s current term was a direct attack on their god: the federal government.
ASK NOT FOR WHOM THE TUMBRELS COME, THEY COME FOR YOU
The ‘Moderate’ Left’s Campaign to Distance Themselves From Their Socialist Wing | Legal
Understanding Holism and Reductionism in Nutrition
The Supreme Court Puts the EPA Between Patients and the Jury
and this may change every future chemical exposure case
New Clash Over Strait Passage – Lebanon’s Capitulation Ignites New Civil War | Moon
The last days there were two developments in Lebanon and Iran that will likely cause the war to reignite into a much larger conflagration.
Greenspan turned the Fed into a permanent bailout machine
Bankers keep the wins and taxpayers -- and dollar holders -- eat the losses. This became known as the “Greenspan Put” — put means insurance in finance. And it’s the reason Boomers — and bankers — own everything while 40-something Millennials live in Mom’s basement.
You and I have never seen a time when inflation wasn’t rising. | Mauldin
The Consumer Price Index has risen 28.5% since January 2020 alone. That $100 bill you carried into the grocery store in January 2020 has the purchasing power of $77.82 today. Nobody voted for that.
A selection of pro-progress and anti-progress news items from the past week.
Ancient Clay Tablets Show Markets Worked 4,000 Years Before Economists
Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work.
The root cause of socialist antisemitism is a hatred of capitalism.
As a people who have famously thrived under free markets, Jews become a natural target for hatred and conspiracy theories. But envy must also have much to do with it. Socialists gain popularity and power by convincing the powerless that they are being exploited by greedy Zionists and should be entitled to the fruits of other people’s labor.
Think Tanks Have Defeated Democracy
Beginning in the 1960s, large foundations like Ford and Rockeller began to fund professional network organizations in law, civil rights, consumer rights, feminism, and environmentalism. Steadily, the model of foundation-funded, D.C.-based advocacy organizations came to be the dominant one on the center-left. Unlike unions, churches, and other mass membership organizations, such nonprofits only speak for their ostensible constituencies vicariously.
Tribe: Our technologies are built to connect the one directly to the millions, dissolving everything in between. The platforms that promised to bring us together did so by hollowing out the associations that once stood between the person and the mass. A man scrolling alone is plugged into a crowd of strangers — exposed to their moods, their fears, their judgments — with no friend group or congregation to mediate the encounter. We have never been connected to so many while accompanied by so few.
Incommensurable: Impossible to measure or compare.
Lacking a common quality on which to make a comparison.
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