Bo

Hike, Great Outdoors

[Bo @Boism]

Wow, a great offroading truck! Global Reveal of the Ranger Super Duty from Melbourne, Australia! [Full ... https://t.co/qyK4kjztrQ via @YouTube

[Niall Harbison @NiallHarbison]

Out of all the dogs we’ve helped I think McMuffin is the biggest comeback ever.

I still don’t know how she made it.

Sadly just last week she was battling for her life again… (1/10) 🧵

[Thrones Updates @ThronesUpdates]

6 years ago today, Game of Thrones Season 8 premiered with the arrival of Jon Snow and Daenerys at Winterfell!

[Bo @Boism]

@SenateGOP

[ABC News @ABC]

BREAKING: The Trump administration is exempting smartphones, computers, and other electronics from his reciprocal tariffs, according to a bulletin posted by U.S. Customs and Border Protection. https://t.co/GMFgZJOqAx

[Michael A. Arouet @MichaelAArouet]

Wow, the move in USD is quite unprecedented. Will it last though?

[Bo @Boism]

Double edged sword

[The Economist @TheEconomist]

America’s chaos is a chance for Xi Jinping to wield influence in South-East Asia. But the region is wary of seeming too close to China https://t.co/FsZoDp8K4X

[Gwart @GwartyGwart]

If I understand correctly, everyone is trying to unstake their USD and so the yield is going up because there are fewer validators on the network or it could be the exact opposite of this, it’s very hard to understand real money when all you know is fake Internet money

[Spencer Hakimian @SpencerHakimian]

Round of applause to the Japanese hedge fund that was 60x levered 10Y UST’s that blew up last night to save the world from the Great Depression.

We will not forget your sacrifice brother 🫡

[ian bremmer @ianbremmer]

can't wait to see the retaliation to the retaliation to the retaliation against the retaliatory tariffs

[Michael A. Arouet @MichaelAArouet]

DOGE success is simply breathtaking

[Bo @Boism]

So #DOGE basically saved nothing except cause chaos. Cool $1 trillion defense budget; more guns, more starlink, more palantir

[tae kim @firstadopter]

Literally weeks ago, the White House was boasting about how big defense budget cuts are coming. Now, they are boasting about a massive increase in defense spending to $1 trillion dollars? Talk about whiplash and a bizarre messaging strategy.

[Bo @Boism]

Hehe Hehe No

[unusual_whales @unusual_whales]

Reporter: The countries seem kind of random. Why are the Heard and McDonald islands, which don't export to the US and are quite literally inhabited by penguins, why do they face a 10% tariff. Did you use AI to generate this?

US Commerce Secretary Lutnick: Heh heh heh. No.

[Lisa Desjardins @LisaDNews]

Latest on US team in Myanmar, per sources familiar:

- Quake zone team is setting up a base for other US support in Mandalay.
- They are still being fired. I don't have the effective date, but could be July.
- The US on Friday upped aid from $2 million to $9 million.

More...

[Bo @Boism]

Triggering a global recession is an interesting way to gloat about egg prices & oil prices coming down.

Once again 4D chest. /s

[Bo @Boism]

A rational plan is needed, not a senseless gamble.

Btw- if everyone drops their tariffs to 0% that’s not bringing jobs to America. That’s just more globalization.

[Shay Boloor @StockSavvyShay]

MY OPEN LETTER TO PRESIDENT TRUMP

The frustrating part is that I was on board for a reset. Truly. I’ve said it publicly. I’ve written about it in this very feed. I understood the need for a detox. For decades, the U.S. economy played the part of the rich guy at the table -- picking up the check for a global order that no longer worked in our favor. We hollowed out our industrial base. We enabled unfair trade imbalances under the illusion of diplomacy. We subsidized demand for cheap imports while outsourcing the hard questions about how our domestic workforce would adapt.

Eventually, that had to stop. It was unsustainable -- financially, politically, and morally. We couldn’t keep pretending that a consumption-led economy held together by zero-interest rates and global fragility was a long-term solution. I wanted a rebalancing. I welcomed the idea of a harder, smarter America-first policy that pushed for fair treatment, reciprocal agreements, and a real industrial strategy rooted in technological superiority, national security, and capital formation. That would’ve been leadership.

But that’s not what this is.

What you’ve rolled out isn’t detox -- it’s whiplash. This isn’t strategic decoupling. It’s scattershot retaliation dressed up as reform. There’s no roadmap. No operational playbook. No clear articulation of where this ends or what the metrics of success even are. It’s not an attempt to responsibly unwind America’s role as the global shock absorber -- it’s a brute-force attempt to disorder the existing system with no viable alternative in place.

You can’t replace a fragile supply chain with chaos and call it resilience. You can’t build American industry by torching the scaffolding that underpins capital flows, labor mobility, and global coordination -- especially when the U.S. itself no longer has the domestic capacity to meet its own industrial needs. You talk about bringing jobs home, but the U.S. doesn’t have the labor force, permitting structure, or wage flexibility to stand up full-scale manufacturing at speed. And now -- after years of deportation policies and underinvestment in vocational training -- you’ve made the labor gap even wider.

Capital isn’t going to rush to fill that void just because you raised tariffs. It’s going to wait. It’s going to sit on the sidelines and preserve optionality. Because right now, no CEO can confidently model a five-year capex plan. No board can greenlight supply chain onshoring when they don’t know whether a tariff rate will double next quarter based on your Twitter account or some arbitrary trade deficit formula.

That’s the issue. This wasn’t rolled out as part of a comprehensive American renewal strategy. It wasn’t coordinated with the Fed. It wasn’t communicated clearly to Treasury. It wasn’t backed by a labor reskilling program or any form of public-private manufacturing incentive beyond empty slogans. It was dropped like a bomb -- seemingly designed more to shock than to build.

And in the absence of credible structure, capital is retreating -- not realigning.

I was ready to endure the pain of a thoughtful, structured reset. Most long-term investors were. We’ve lived through tightening cycles. We understood that globalization, as it stood, had reached a breaking point. But this isn’t a correction of imbalances. This is a rupture without scaffolding.

What you’ve created isn’t reindustrialization. It’s an intentional sabotage of capital planning. No executive is going to build a factory with four-year political horizon risk, a floating tariff regime, and no labor certainty. No investor is going to fund expansion in a market where the basic cost of imports can change weekly based on what country has a current account surplus that week. The system you’ve launched isn’t designed for certainty. It’s designed for control.

And the irony is -- we’re not even punishing bad actors. We’re punishing everyone. Allies. Poor countries. Longstanding partners. Israel gets slapped with 17% tariffs while dismantling their own to support American imports. Vietnam gets hit with 46% because it’s become too productive. Lesotho, one of the poorest countries on Earth, faces a 50% tariff because it doesn’t buy enough U.S. goods -- as if that were a sign of unfairness rather than poverty. It’s incoherent. It’s cruel. And it undermines any claim to moral high ground.

You say this is about protecting American workers. But no worker is helped by policy so erratic that no employer wants to hire. No consumer is helped when import costs rise and domestic capacity doesn’t exist to replace them. No investor is helped when the cost of capital spikes in the face of weaponized uncertainty.

This is not a plan to make America stronger. It’s a gamble that markets and allies will blink first. It’s brinkmanship with no floor.

And the most maddening part? There was a path. A real one. A version of this policy that could’ve worked -- not in headlines or soundbites, but in practice. A path that applied pressure with purpose, that aligned economic force with long-term national interest, that sent a clear message to adversaries and partners alike without destabilizing global commerce or blindsiding capital allocators.

You could’ve gone after China -- hard -- and had the backing of nearly every serious investor and strategist on the Street. Not just because of trade deficits or currency suppression, but because China has been actively undermining our economy and our people. I would’ve supported a four-year plan to end all dependence on Chinese manufacturing unless they stopped stealing American IP (DeepSeek). No more games. Make it explicit: if they don’t comply, we’ll back Taiwanese independence and bring the entire global semiconductor economy with us. No ambiguity. No half-threats. As I see it, China is at war with us -- and our policy should reflect that.

With the EU, you could’ve played it clean. Match auto tariffs percent-for-percent. That’s fair. And then leave the rest alone -- especially goods and services. We run a huge surplus on services with the EU. It props up some of our biggest competitive advantages -- enterprise software, consulting, cloud, defense tech, streaming, media IP. Tariffing the EU outside of autos would be like shooting your own foot for balance. We’re not in a trade war with Europe. We're in a competition for global enterprise dominance -- and right now, the U.S. is winning.

That’s what real strength would’ve looked like. That’s what an America-first trade doctrine could’ve achieved. You’d be rebuilding the system from the inside out -- not just throwing bricks through the windows and calling it a redesign.

Investors would’ve backed it. CEOs would’ve planned around it. Global partners would’ve respected it -- even if they didn’t like it. And capital would’ve flowed toward American resilience instead of retreating from American unpredictability.

But instead of that, you went with chaos. And now, confidence is shattered. Not because the numbers are bad -- but because no one knows what the numbers mean anymore.

That’s the cost of burning down the rules without building new ones.

So no, this is not the detox we needed. It’s not strategic decoupling. It’s not a path to renewal. It’s a slow, loud dismantling of the very foundation that has allowed American capital, innovation, and enterprise to dominate for decades. And it didn’t have to be this way.

But now we’re here. And the market is reacting accordingly -- not to the fundamentals, but to the sense that the future may no longer be modelable. That’s not a trade. That’s an exit.

I don’t want this post to be hyper-political. This isn’t about red or blue. It’s not about the 2024 election cycle. It’s not about ideology. It’s about strategy. It’s about execution.

It’s about understanding that when you're the United States -- when you sit at the helm of the global economic engine -- every policy you roll out reverberates through capital markets, supply chains, boardrooms, and governments. Words become signals. Signals become pricing. Pricing becomes pain -- or progress.

And I hope -- for the sake of the markets, for the sake of businesses trying to plan, and for the future we’re all investing into -- that it’s not too late to recalibrate.

Because we don’t need more noise.

We need a plan.

[Bill Ackman @BillAckman]

To state the obvious, it does not help our country’s and our president’s negotiating position to be trying to strike deals while our market is collapsing.

Whoever is recommending that idea to President @realDonaldTrump should be fired now.

[The White House @WhiteHouse]

"WE DO NOT ASK PERMISSION FROM FAR-LEFT DEMOCRATS before we deport illegal immigrants." –@VP JD Vance

[Bo @Boism]

Big loss, Responsible for all of Tesla’s seamless software integration with hardware for the last 12 years. I got to hear David speak before he joined Tesla on embedded systems- amazingly humble guy then.

@Rivian please hire him. 🙏

[Bo @Boism]

@avdl_ You mean like all these Republicans too ;)

https://t.co/Dm9YhRvsRe

[Republican Accountability @AccountableGOP]

Trump's tariffs are TERRIBLE! Just ask @SecRubio, @SenTedCruz, @SenJoniErnst, @LindseyGrahamSC, @SenatorLankford, @ChuckGrassley, @LeaderJohnThune, @SenRonJohnson, @SenJohnBarrasso, and @JerryMoran.