Energy & AI

[Sowell Economics @sowelleconomics]

Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.”

“If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”

[Hedgeye @Hedgeye]

Electricity prices hit a record high as data center demand strains the grid

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The International Atomic Energy Agency believes Iran’s nuclear risks are now higher than before the Iran War began on February 28th.

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.”

“If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”

[unusual_whales @unusual_whales]

"The cost of living has risen 106% since 2001," per FORTUNE

[Hedgeye @Hedgeye]

Nvidia is now worth more than the GDP of every country in the world except the U.S. and China

[Hedgeye @Hedgeye]

The U.S. Dollar has lost 30% of its purchasing power over the last six years

[Bull Theory @BullTheoryio]

🚨 Americans have never been this broke before.

Google searches for “can’t pay credit card” just hit an all time high.

At the same time, US consumer confidence has collapsed to one of the lowest levels ever recorded.

The American consumer is completely running out of money.

[Hedgeye @Hedgeye]

Agriculture going for a rip:

[zerohedge @zerohedge]

Millions Of Student Borrowers Are Defaulting: They Are 40 Years Old On Average https://t.co/ie1956fW8c

[Charlie Bilello @charliebilello]

Price changes over last year (April CPI report)
Fuel Oil: +54.3%
Gasoline: +28.4%
Electricity: +6.1%
Transportation: +4.3%
Apparel: +4.2%
Overall CPI: +3.8%
Food away from home: +3.6%
Shelter: +3.3%
Medical Care: +3.2%
Gas Utilities: +3.0%
Food at home: +2.9%
New Cars: +0.2%
Used Cars: -2.7%

[Financelot @FinanceLancelot]

Worst U.S. wheat crop conditions in 30 years.

The general public doesn't realize what's coming... prepare accordingly.

[Hedgeye @Hedgeye]

🇺🇸 U.S. household debt hits record $18.8 trillion

That's an average of $154,152 per household.

[unusual_whales @unusual_whales]

BREAKING: Inflation is once more rising faster than paychecks, per WSJ

[tic toc tic @TicTocTick]

United States Treasury is now paying $125 million in interest on American national debt every single hour. Every single day.

$125 million in interest payment. Every single hour.

Growing every day.

Let this sink in.

[Hedgeye @Hedgeye]

Yields ripping higher:

[Kalshi @Kalshi]

JUST IN: The gap between S&P 500 and consumer sentiment is "widest" in 25 years

[Peter Schiff @PeterSchiff]

If you think gold, silver, oil, and Treasury yields are high now, they all look like they're about to explode much higher. The same is true for consumer prices in general, as inflation returns with a vengeance. This does not portend 1970s stagflation. It portends something worse.

[unusual_whales @unusual_whales]

"Americans spent over $109 billion on lottery tickets last year, which is more than they spent on movies, books, concerts and sports tickets - combined," per Charlie Bilello.