Horses for Everyone🧲

Writer, Photographer, Artist BTC: 14Ch4uDga237uLK2TxU5raQxfUbAAvBqVa

[Nick Di Fabio @NickDiFabio1]

If I got laid off tomorrow & had to replace my salary ASAP, here's exactly what I'd do:

1. Go to Amazon and start a fresh account. Use a different name. It can be completely anonymous.

[Colin McCarthy @US_Stormwatch]

One of the worst heatwaves in European history is underway.

Peak high temperatures forecast this week:

France: 45°C / 113°F Monday-Tuesday
London: 39°C / 102°F
Amsterdam: 34°C / 93°F
Berlin: 38°C / 100°F
Paris: 41°C / 106°F

[Micro2Macr0 @Micro2Macr0]

This is the only other IPO I'm really excited about.

[Hedgeye @Hedgeye]

Big Tech share buybacks are collapsing as AI spending eats the cash

[Jordan Schachtel @JordanSchachtel]

Nvidia may have just solved data center water waste.

Their new liquid-cooled AI factories (Blackwell/Rubin) use closed-loop systems + dry coolers to drop water consumption by up to 100%(!) vs traditional cooling. Near-zero facility water use.

Doomers in shambles.

[Steve Rattner @SteveRattner]

The 30-year mortgage rate is back at 6.5% — nearly 2.5 times its 2021 low of 2.6%.

The Fed's bond holdings have quietly helped hold mortgage rates down. New chair Warsh wants to shrink the "bloat" — a move that could push mortgage rates even higher.

[Andrew Lokenauth @FluentInFinance]

JUST IN: Bank of America now expects 3 rate hikes this year, and no rate cuts until 2028.

September: +25 bps
October: +25 bps
December: +25 bps

“Higher for longer” is now higher for much longer.

[Sama Hoole @SamaHoole]

Across Britain right now, farmers are shearing their sheep, bagging up the wool, and burning it. Some bury it. Some leave it to rot in a corner of the field. The wool-burning has made the odd headline as a protest, but the truth is duller and sadder. The fleece is worth less than the diesel it would take to haul it to the depot.

The numbers are grim. In recent years a kilo of British wool has fetched somewhere between twenty and sixty pence, and hill breeds like Swaledale and Welsh Mountain sank as low as ten. A whole fleece off a mountain ewe might bring thirty pence. Shearing that same ewe costs the farmer around two pounds. One Lincolnshire farmer added it up out loud: over three pounds to shear and cart a single fleece to the depot, and twenty-six pence back. So she burns them. A great many do.

Here is the part that stings. The shearing still has to happen, every year, whatever the wool will fetch. A sheep left in full fleece overheats, struggles to move, and gets eaten alive by maggots. So the job carries on purely as welfare, a cost the farmer simply eats to spare the animal, with the wool itself going on the fire straight after.

And think about what this fibre once was. For centuries wool was the engine of the English economy, the country's greatest export and the crown's main source of tax. It raised the soaring wool churches of the Cotswolds. It turned merchants into princes. To this day, whoever presides over the House of Lords sits on the Woolsack, a literal cushion of wool, put there in the fourteenth century so nobody would forget where the nation's wealth began.

Prices have lifted off the floor this past year, the first real relief in a long while. It still does not cover the shears for a hill farmer. The fibre that built England now smoulders in a heap behind the barn, and almost nobody notices the smoke.

[The Kobeissi Letter @KobeissiLetter]

Europe's dependence on American gas has never been greater:

The US now accounts for ~60% of Europe's total LNG imports, near an all-time high.

This figure peaked at ~64% in April following the closure of the Strait of Hormuz, which cut off supplies from Qatar and the UAE.

This percentage has risen +20 points since Russia invaded Ukraine in 2022, forcing Europe to replace Russian pipeline gas with LNG shipped from the US.

Furthermore, the US accounts for 26% of total EU gas imports, including LNG and pipeline gas, second only to Norway.

Europe also needs US gas to refill storage tanks ahead of winter, meaning this dependence is set to deepen further in the coming months.

Europe’s energy security is now tied directly to the US.

[Mario Nawfal @MarioNawfal]

🇺🇸 An AI broke into nearly every NSA system

And it was a test. The NSA basically hired the AI to try breaking in, and it walked right through.

The AI is Anthropic's model, Mythos, and it got into almost all of the government's most secret networks in hours, not weeks.

Senator Mark Warner raised it in a hearing to make a bigger point.

Warner: "…Mythos, thank God it was Anthropic. When the head of the NSA and Cyber Command came and said, 'This tool broke into almost all of our classified systems, not in weeks, but in hours'…"

His point is simple. We got lucky a responsible company built this. If a shadier outfit had a tool this strong, just trusting them to grade their own homework wouldn't cut it.

So he wants independent testing made mandatory, and done in weeks, not months.

Strip the drama and the real story is this: AI is now powerful enough to be a national security problem, and what kept those secrets safe was a company choosing to play straight.

Source: Economist / Writer: Daniyal

[Twїtter  @realtwitte_r]

@JamesTate121 @MichaelEMann JAIL THE VANDALS!
Oops, wrong photo..

[Senator Blutarsky @comradeKrack]

@JamesTate121 @scwillmore As an infographic.

[James Tate @JamesTate121]

Step 1: Remove filters in Reflecting Pool because Obama put them in.
Step 2: Give your criminal neighbor who runs "Greenwater Services" a $20 million no-bid contract to paint the pool.
Step 3: Fill the pool with water from the Potomac River, the phosphates from which cause algae blooms.
Step 4: Freshly sealed pool and extreme heat result in a super scum event
Step 5: Direct National Park Service to dump hydrogen peroxide into the pool which causes the paint to peel.
Step 5: Deploy US National Guard to stop people from taking photos of the swamp as a perfect metaphor for the administration.
Step 6: Blame someone else.

[Jack Prandelli @jackprandelli]

🚨The US just loaned Vitol 500,000 barrels from the Strategic Petroleum Reserve.

That number is almost irrelevant.

What matters is what it reveals about the structure underneath: the SPR is at 340 million barrels and every barrel loaned must come back as 1.25. 🛢️🇺🇸⚡

Since March, DOE has been running emergency exchanges under the million barrel Iran war program.

Individual tranches are typically 0.5–5 million barrels per company.

The Vitol loan is one small slice of that.

These are loans, not sales.

Companies must return approximately 1.2–1.25 barrels for every 1 borrowed.

🛢️Where the SPR actually stands?

Early March 2026: 415 million barrels.

Mid-June 2026: 340–350 million barrels.

Lowest level since 1983.

For context: the SPR's historic peak was 707 million barrels in 2010.

Physical capacity is 714 million barrels.

Today the US is holding roughly half its historic peak and 1/3 of physical capacity in emergency reserves. 🔩

Energy Secretary Chris Wright: after repayments, the SPR should rise by 200 million barrels in 2026–27, taking it back toward pre-war levels.

That math only works if the Iran ceasefire holds, Hormuz reopens fully, and companies that borrowed crude actually deliver back the premium barrels on schedule.

🇺🇸 US spent 40+ years building the SPR to 700 million barrels as a buffer against exactly this kind of supply shock.

In 15 weeks of war it burned through 75+ million barrels and is now lending micro-tranches to trading houses to keep the market supplied.

The US is the supplier of last resort. Everybody's coming to pull barrels out of it.

The 500,000-barrel Vitol loan is nothing.
The system it exposes is everything.

[belorix @0xbelorix]

JENSEN HUANG PULLED THE NEW $249 JETSON OUT OF AN OVEN ON CAMERA AND SAID HE "COOKED IT TOO LONG, IT SHRUNK". THEN HE READ THE SPECS.

70 trillion ai operations per second. 25 watts. $249. runs everything the hgx systems run, large language models included.

the joke is the box came out of an oven. the real joke is the chip inside.

last year an h100 cost $30,000 and lived in a datacenter. now a board the size of a wallet pulls 25 watts under load and runs llama 7b in your kitchen.

the ceo of the most valuable company on earth just demoed the death of the ai subscription on a baking tray.

every dollar paid to chatgpt plus from january forward is a vote against the kitchen.

[Geoff Preston @EFFEXLandscape]

The more ya know…

[Horses for Everyone🧲 @DarcyButcher]

Pump and dump

[Watcher.Guru @WatcherGuru]

JUST IN: Elon Musk's SpaceX $SPCX falls 10.5%, erasing over $250 billion from its market cap today.

[Javier Blas @JavierBlas]

It may only last 60 days (I doubt it; likely would become permanent), but the US Treasury’s waiver is effectively rolling back 40-year plus of American oil sanctions against Iran.

Even US refiners are allowed to import Iranian oil and pay for it in greenback!!!

[Horses for Everyone🧲 @DarcyButcher]

https://t.co/GjWQwv0SfS

[Mario Nawfal @MarioNawfal]

🇨🇴🇵🇪🇨🇱 South America just had two of its tightest, most consequential elections flip right, in the same month.

Colombia: Abelardo de la Espriella, AKA "The Tiger," won the presidency by less than a point, the tightest finish in the country's history.

Peru: Keiko Fujimori won the presidency on her 4th attempt, after one of the closest runoffs in Latin American history.

Zoom out further and the pattern gets bigger. Chile elected far-right José Antonio Kast in a landslide back in December, the most right-wing government there in 35 years.

Add Bolivia, Ecuador, and Milei's Argentina, and the region's "pink tide" has almost completely reversed.

Rep. Anna Paulina Luna has a theory as to why: she credits Sec. Rubio's move to dismantle USAID's foreign funding pipeline, arguing it cut off money that had quietly propped up left-wing movements for years.

Others say voters across the region are furious about crime, weak economies, and corruption, and they're punishing whoever's in power.

But both things can be true.

Source: @RepAnnaPaulina / Writer: Michael