May 6
The Coming Inflation Wave | DCasey
The Fed Chair has direct control over the Fed’s 1,000 PhD economists.
KR: A wave of disgust overwhelmed me when I learned about 1,000 PhD economists. Where is AI when you need it?
S&P Oil FX Gold BTC 10Y
S&P is up 1.15% | 11:30
10Y dropped to 4.352% or 10bp below the nine-month high from Monday
Yen Strengthens 1% toward 156
Dollar index is down 0.48%
Oil down over 7%
TACO Delivered a Day after Cinco De Mayo | Marc
The worst may be over thanks to AAA gasoline at $4.536.
$5 is typically the "shock and awe" level that triggers demand destruction
Today’s major news so far was a new oil market scam launched by the White House. | Moon
Axios reporter Barak Ravid, an Israeli intelligence and White House asset who had announced the last seven of zero peace deals with Iran, promoted another one. The ‘news’ was obviously another attempt by White House insiders to fleece the markets:
Wauck: According to our analysis, ~$920 million worth of crude oil shorts were taken 70 minutes before an Axios report claimed the US and Iran were near a “14-point” deal to end the war. At 3:40 AM ET today, nearly 10,000 contracts worth of crude oil shorts were taken without any major news. This is equivalent to ~$920 million in notional value, an unusually large trade for 3:40 AM ET. At 4:50 AM ET, just 70 minutes later, Axios reported that the US is “close” to a “memorandum of understanding” to end the Iran War.
Iranian FM declares Tehran will not accept ‘unfair, incomplete deal' with US during China visit | Cradle
An Iranian official referred to Washington’s new proposal as a 'wish list' and said Tehran was prepared to deliver a 'heavy response' to any violations
ADP employment +109K, the 10th straight month and strongest addition since January 2025
Friday: The economy is projected to have added around 60K jobs vs 178K in March
France says they can make the Hormuz safe. French aircraft carrier group prepares for mission in Hormuz
President Emmanuel Macron’s office said the move was intended to send “a signal that not only are we ready to secure the Strait of Hormuz but that we are also capable of doing so”.
Trump Approval Index hits second straight record low | Ras
Rand Paul pushes for Fauci indictment before statute of limitations expireson May 11
Project Freedom was the latest desperate attempt to find an exit | Wauck
and turned out to be the biggest flop so far. Unbluffable Iran promptly saw Trump’s escalation and raised him with their own counter escalation. Most are missing what really happened yesterday: Iran EXPANDED its control of Hormuz. Threatening UAE pipeline that evaded earlier attacks, cutting oil etc even more
Peak Prosperity Digest
Today’s Digest covers U.S. energy market shifts and plans for a Bitcoin fork, Hormuz tensions and Iran diplomacy, oil production hikes and drone strikes, plus alien disclosure claims and Ramaswamy’s Ohio win.
Debt Rattle
* How A Musk Victory Vs. Altman Would Reset America’s AI Roadmap (ZH)
* Colorblind Constitution: The Roberts Court Ends a ‘Sordid Business’ (Turley)
* Even her fellow left-wing justices think that she’s a moron.
* Secretary of State Marco Rubio: "I don't care what the U.N says"
New York Told Ken Griffin To Leave...And He Listened | QTR
Fantastic work, mayor. Really. Keep posting videos. Miami sends its thanks.
Grok, is this true?
This question is asked thousands of times a day on Twitter as users fact-check, question, and prod various claims made on the social media platform by asking an AI bot to confirm or reject what another user is saying. Yesterday, one user used it to check whether HVAC companies really “mark up refrigerant somewhere between 1000%-2000% of their cost” (true); whether Keir Starmer and Bill Gates were trying to eliminate livestock by 2030 (false); and to check the veracity of a sports reporter’s tweet about an NBA player’s postgame comments (also true).
Email: wkidder42@gmail.com
Text: 1 646 257 2130
Voice: Use WhatsApp +1 646 257 2130
at 1:00 AM