"I think people are underestimating the pace at which the Bank of Japan 🇯🇵 is going to end up tightening."
Well... the parabolic puts Japan's 10 year yield from 2.75% to 4.0% in the next 45 days, so @AdamPosen could be right.
Rising yields defend currency depreciation, so if BoJ allows this sharp move to happen then goodbye Yen Carry Trade...😬
There's always a possibility Japan sacrifices their currency even further to Yen 180:1 USD to save U.S. markets though.
Either way, this ends in a sovereign debt crisis & stock market crisis. The decision they have to make is if they want both at the same time.
This is emotional manipulation at its finest. Men don’t owe women closure, explanation, time, energy, effort or attention. Those are privileges that are earned based off of good behavior. If you’re a man and you’re ever in this situation run 👑
Seven years.
It’s hard to put into words what this city has meant to me.
When Miami drafted a 19-year-old kid out of Kentucky, they believed in me before I’d proven anything. Together, we experienced just about everything this game has to offer.
Two trips to the Finals. Deep playoff runs. Becoming an All-Star. The highest highs, the toughest moments, and every lesson in between.
Through every challenge, every expectation, every rumor, and every setback, I always believed in one thing: put your head down, go to work, and represent the name on the front of the jersey the right way. Every time I stepped on the floor, my goal was to help bring another championship to Miami.
This city gave me more than a basketball career.
It gave me a place to grow up.
I became a man here. I became a father here. I built lifelong relationships here.
Miami became home.
To Spo, Pat, Micky, the entire organization, my teammates, the coaches, trainers, equipment staff, arena staff, and everyone who poured into me over the last seven years—thank you. Thank you for believing in me, pushing me, challenging me, and helping shape the player and person I’ve become.
And to the fans…
Thank you for riding with me.
Through every big shot, every playoff run, every injury, every rumor, and every season—you showed me love I’ll never forget. Whether you cheered for me in the arena, wore my jersey, or simply believed in me, I felt it. I’ll always be grateful for that support.
As excited as I am for this next chapter back home in Milwaukee, a part of me will always belong to Miami.
Miami didn’t just shape my career.
It shaped my life.
Thank you for everything.
— Tyler
The Bank of Japan spent decades proving you can buy anything… every bond, every dip, every ETF on the shelf.
The one thing it couldn’t buy was the exit.
We are watching a real-life movie.
🚨#BREAKING: A police officer in Phoenix has rented out an ENTIRE 144-SEAT MOVIE THEATER for over 100 middle schoolers after their end-of-year field trip fell through, so they could see Toy Story 5.
When they got there, he realized many couldn't afford popcorn or drinks...
..so he bought EVERY SINGLE ONE OF THEM popcorn, candy, and a drink too.
His name is Sean Reavies,
For many kids, it was their first time ever inside of a movie theater in their lives.
When the kids asked how they could pay him back, he told them:
"As you get older in life, help other people. As a payback to me. Would you do that? That's all I ask of you."
MORE OF THIS!!!!! 🇺🇸🇺🇸🇺🇸
🇯🇴 While in Dallas for the World Cup, the King of Jordan casually stopped by a local spot in Richardson, Texas.
Customers got the surprise of a lifetime when the monarch walked in.
United States tax revenue: $2.66 trillion
Proposed Iran refund: $300 billion
$300b/$2.66 trillion = 0.11.
11% of your federal taxes will be going to Iran.
Our 5th warning:
The bond market crisis is intensifying.
The US 10Y Note Yield is now officially above 4.55% for the first time since May 2025.
After weeks of euphoria, the market is beginning to react today.
As we have been stating for the last few weeks, the current situation in the bond market is unsustainable.
We are now above levels seen when President Trump implemented a "90-day tariff pause" in April 2025 due to a collapsing bond market.
Furthermore, the market now sees a 60%+ chance that the Fed's next move is an interest rate HIKE, with rate cuts entirely priced-out.
We expect to see 7%+ mortgages next, all as auto loan delinquencies have reached 32-year highs.
Inflation is back and higher rates are coming.
The US bond market is in serious trouble.
As new reports emerge of Iranian drone attacks on the UAE's energy infrastructure, yields are surging.
The 10Y Note Yield is now up to 4.45%, nearing the same level that resulted in the ceasefire and the April 2025 "90-day tariff pause."
Meanwhile, the market-implied BASE CASE now shows no interest rate cuts until December 2027.
There is now a 42% chance of a rate HIKE by March 2027.
It appears that $5/gallon gas prices and 7%+ mortgages are on the way.
The bond market needs help.
If history is any guide, a mean reversion to historical valuation averages is not just possible; it is a mathematical inevitability. A standard correction of 30% to 35%, which Paul Tudor Jones believes is likely, would obliterate an amount of wealth equal to 80% to 90% of U.S. GDP.