Olivia
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MajikFan
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Swiss Bond Market Just Gave A Dire Warning to the World
Two basis points.
That's roughly what the Swiss two-year government bond is yielding as you read this, almost back to zero,
and very likely to go negative again soon.
International financial firms are lining up to accept that.
Zero return. Possibly paying for the privilege.
Here's the part most people get wrong: this has almost nothing to do with Switzerland.
Switzerland is a money center. It's where capital goes when it doesn't want to be anywhere else,
when it wants safety, liquidity, and anonymity above all.
So when global money floods into Swiss bonds at zero yield, it isn't a statement about the Swiss economy.
It's a statement about how the rest of the world looks to the people moving the money.
And right now, that money is telling you it wants out of risk and into the exits.
Look east and you see the same thing in a different accent.
Chinese government yields are ultra-low and the curve is bull steepening, the one-year is back near 1%, where it briefly sat during the tariff panic of late 2024.
Most investors dismiss China as a rigged market run by Beijing, with rates dictated by the PBOC.
But the Chinese bond market is far more integrated into the global system than you've been told, and lately the PBOC has gone quiet.
No threats to the banks. No regulatory arm-twisting to stop them buying bonds, like we saw in 2024.
Just silence, because Beijing now wants rates lower so it can borrow and stimulate on a scale nothing else can match.
Notice the common thread. Switzerland and China are both giving you a clean signal.
And they're both places where the central bank has stepped off the field.
Now look where the central bank is still very much on the field.
The distortion you can see in plain sight
This past week, the Federal Reserve held rates steady, but the posture out of Kevin Warsh's first meetings, the stripped-down statement, the dots, all of it leaned hawkish.
Inflation, inflation, inflation. The market did exactly what you'd expect when a central bank threatens to fight a phantom: the front end went up.
But watch what the rest of the curve did.
The ten-year went nowhere. The thirty-year actually drifted lower.
The two-year/ten-year spread is now down to roughly 25 basis points, closer to re-inverting than to signaling any inflation problem.
The front end is saying "the Fed's going to hike." The long end is saying "and that's a mistake, because growth and inflation expectations are headed down."
Take the Fed out of the equation, and the U.S. curve would look a lot more like Switzerland and China. Same for German bunds, same for French OATs.
The signal underneath is identical everywhere.
The only variable is whether a central banker is standing on the hose.
Why "but what about inflation?" misses it entirely
Here's the tell that resolves the whole debate.
If the bond market believed the energy shock was going to be inflationary, the last thing on earth you'd want to own is a thirty-year Treasury.
You'd be on the phone dumping it. In a genuinely inflationary world, you don't want safety and liquidity,
you want to be out in the real economy earning rising nominal returns.
Instead, money is doing the opposite. It's accepting zero in Switzerland.
It's piling into the long end of the curve. People are willing to lock up capital at almost no return just to get it back later.
That is not an inflation trade. That is fear. And when someone won't put capital at risk even for a real return, they're telling you exactly what they think about currencies, the stock market, and the real economy.
The curve isn't flattening despite the inflation talk. It's flattening because the market doesn't buy it.
The shock you can't feel yet
The U.S. economy still looks fine on the surface, stocks up, spending holding.
That's the trap. Effects like an energy shock arrive with long and variable lags.
Remember March: war with Iran, the Strait of Hormuz, the world about to end. Then April came, the worst case didn't materialize in two weeks, and everyone decided it must be off the table entirely and went right back to re-risking.
You cannot understand what's happening in the United States by looking only at the United States.
We live in a globally synchronized system, far more than you were ever taught. Swiss bonds, Chinese curves, U.S. Treasuries: read together, with the central bank distortion stripped out, they tell one coherent story. Read nationally, one market at a time, and you'll get the narrative backward every single time.
That's exactly what we're going to fix.
Join us this Sunday
This Sunday, June 28 at 5:30 PM Eastern, we're hosting a live webinar on how to build an all-weather portfolio strategy out of the signals almost no one knows exist, and fewer still know how to read correctly.
We'll go deeper than we ever can on YouTube: which signals actually matter, how to interpret them, and how to put them to work in a real portfolio framework. No reacting to headlines. Just learning to read what the markets are already telling you.
→ Save your seat here (https://t.co/TL4d0xTjB8
Another reminder that big money rewards itself first
Bloomberg reports PE firms like Blackstone and Warburg Pincus are piling debt onto portfolio companies to pay themselves fat dividends.
And that it’s the 7th time in 3 years for IntraFi, one of the portfolio companies.
That makes those businesses shakier and raises default risks that can hammer retail investors’ pensions and 401k’s
Pay attention.
Will your retirement eat the downside while PE wins big early?
BREAKING: JD Vance just admitted the White House plan is to take ownership of every major AI company in America.
This is the largest reshaping of American capitalism since the New Deal.
And almost no one in finance is talking about it yet.
Here's why this is a much bigger story than it sounds:
Vance didn't pull this idea out of nowhere.
He said it on the latest "The Diary of a CEO" this week:
"The president is supportive of the United States owning these big AI companies. He likes the idea as sort of a sovereign wealth fund idea of the United States taking some stake in these AI companies."
Read that again.
The Vice President of the United States confirmed the administration wants equity in OpenAI, Anthropic, and xAI.
Not regulate them.
Not tax them.
Own them.
It gets crazier.
The host pointed out that Bernie Sanders wants the public to own 50% of AI companies.
Vance's response: "He likes that idea. I don't know that he would say 50% but he does like that idea."
And the template already exists:
Last August, the Trump administration converted Intel's CHIPS Act grants into equity.
The government took a 10% stake.
Cost basis: $20.47 per share.
Total investment: $8.9 billion.
Intel closed Thursday at $133.82.
That stake is now worth $67 billion.
A $58 billion gain in 10 months.
A 650% return.
Now they're running it on AI.
Let's do the math on what that means:
OpenAI is valued at $852 billion.
Anthropic is fielding $800 billion bids on the secondary market.
xAI merged into SpaceX at $1.25 trillion.
SpaceX IPO'd and closed day one near $2.1 trillion.
Add Meta AI, Google DeepMind, and the AWS infrastructure layer.
You're staring at $5 trillion in AI value openly being considered for partial nationalization.
A 10% stake across that universe is $500 billion.
Bigger than every hedge fund in America combined.
Vance laid out the reasoning himself.
The industrial revolution made rich people way richer.
Workers stagnated.
The political consequences were catastrophic.
His exact words: "We're going to wake up and we're going to realize that rich people have gotten way richer."
Translation: the White House thinks letting OpenAI and Anthropic compound into multi-trillion dollar monopolies is a political time bomb.
Their solution isn't to break them up.
It's to own them.
This is a completely different relationship between the state and capital than anything Wall Street has modeled.
For 40 years, the Republican playbook was simple.
Deregulate, cut taxes, let founders capture the upside.
What Vance just described is the opposite...
The line between US AI policy and US AI ownership disappears.
The investors who survive this aren't the ones guessing which lab Washington takes first.
They're the ones whose strategy was already running before the headline hit.
Rules based. Automated. Indifferent to whatever the Vice President said on a podcast at midnight.
That's exactly what Surmount was built for...
WOW🤯!!
Once again @FIFAcom shows the world exactly why its reputation is stained by corruption. Instead of standing on the side of humanity, it runs errands for the murderous mullahs responsible for r*ping, torturing, and killing innocent people.
After-tax corporate profit margins sit at 16%, the highest level in modern history.
I hate to break it to you - but the United States is an absolute, incoherent shitshow.
The idea that we have ‘representative government’ is ridiculous. If that were true we would not have wasted billions killing Iranians for no reason at all. Some people wanted this - but the voters who elected this government did not.
Let’s go further. When Trump goes to China - he brings our ‘great billionaires’ with him. I can’t think of any more obvious symbol that we live in an oligarchy that does everything it can to manipulate outcomes - and that voting is a bit of a joke. It’s like he’s bringing with him ‘the ruling elite.’ Because that is what he did.
We have at least 40 million illegal aliens living here. Our business ‘leaders’ engineered this by bribing politicians to keep the border open - because they wanted to pay low wages and make mucho $$ for themselves. When people objected because their incomes were falling - the business leaders accused them of racism and funded Barack Obama to become POTUS.
The USA is $40 trillion in debt - and no one has a plan to solve that problem. Absolutely no one. This will blow up one day - and it will destroy normal people who save in dollars - because the unspoken plan is to destroy the currency and save the rich and destroy the rest. But people who own our homes - like Blackstone or Blackrock - won’t care because their assets will follow inflation. Everyone else will be reduced to paupers renting from them - their bank accounts gone.
The United States today is hopelessly dysfunctional. It lacks a coherent population that can even agree on anything. It is bankrupt - but the rest of the world is propping it up because they are also scared of what happens when the dollar collapses. It doesn’t have any smart leaders - and we have to watch insiders doing oil trades to make $$ on the Iran war - and the administration itself sells shit coins. Our foreign policy is a total joke - not strategic in any way at all. It is driven by special interests, and then not even followed through. And people are actuality making money on it - pump and dump coming straight from the White House.
This is a hell of a way to celebrate 250 Years! At least we can have a cage match on the White House lawn that degrades our entire history and underscores just how bad and ridiculous things are!
Thank you for your attention to this matter! Enjoy the circus! If you’re lucky you will be dead when the music stops!
169 companies registered with the FMCSA list this building as their principal place of business.
Under 49 CFR § 390.5, a motor carrier’s PPOB must be its actual headquarters or primary location where it conducts transportation-related business operations.
> Maintaining required safety records (e.g., driver qualifications, hours of service logs, vehicle maintenance).
> Allowing FMCSA access for on-site inspections, audits, or investigations within 48 hours of a request.
> Being a physical site owned, operated, or controlled by the carrier, where employees report, vehicles are maintained, or management oversees safety compliance.
It’s actually pretty insane how far the CPI index has diverged from its 40yr+ trend
The total price level is the only thing that matters is to Americans
And it’s absolutely vertical
Friday’s Crime in Real Time
1) $ADTX traded its float 363X by 5:32am, Friday 6/12/26
-Float is 816,000 Shares
-How have 297 Million Shares “traded” by 5:32am?
2) $BYAH
-Float is 1 Million Shares
- 19 Million Shares “traded” by
5:42am on 6/12/26?
3) $PAVS already “traded” its float 136x Friday
-Float is 264,000
-36 Million Shares “traded”
by 5:49am on 6/12/26??
@FlyEaglesFly529 @Hamnakedshorts
More Private Credit Gates Coming Down
“…Investors in BlackRock’s flagship private-credit fund asked to redeem a collective 13.3% of the fund’s shares in the second quarter, an increase from 9.3% in the previous period.
BlackRock will repurchase 5% of the shares, it said in a letter Friday,….
….Earlier this month, Blackstone said investors in its fund, known as Bcred, asked to redeem 10% of their shares in the second quarter and Cliffwater said its investors requested to redeem 17% of the shares in its $31 billion fund….”
First step is to require any hospitals that enjoy Non Profit Tax Benefits, to publish monthly all of their actual General Ledger transactions and invoices.
You are non profit. You are being subsidized and often funded by taxpayers. We are your stakeholders, along with patients. There ain't a damn economic thing that you can't show.
And no, Medicare Cost Reports are not comprehensive accounting reports.. They are pretty much useless for this.
Second step is to make all NDAs and Confidentiality Agreements for any financial healthcare agreement, illegal
It's beyond insane that US Senators, and POTUS, can't see what the federal government is paying for medications being provided through TriCare.
With these sources of data, then, and pretty much only then, could proponents of M4A begin to figure out a plan
You aren't wrong that premiums are a healthcare tax, of which a too high percentage goes to the insurance conglomerates.
But you left out a lot of important information
1. Who would run M4A, and how would that person(s) be selected and how often? Right now the Sec of HHS has discretion over everything, and we appoint a new one every 4 to 8 years, or more.. The implications are obvious.
2. What is not covered ? Is every $4m therapy going to be covered ? Even when you negotiate, it won't be cheap. What about the most expensive life saving equipment? It's not like the feds are good at negotiating healthcare
3. Who gets paid less ? Doctors ? Nurses? Specialists?
4. You assume employers will pass along what they don't pay for their share of benefits, to the employee. Do you live in the USA ? This assumption is unfortunately laughable and nothing in an M4A bill can change that
5. Much of medicare/medicaid is run by outside companies. Many of whom are the very worst actors in the healthcare industry. How do you replace them all ? How many years do you think that will take ? or Do you expect them all to become good actors and do the right thing rather than try to maximize earnings?
6. Hospitals don't know what their procedures cost them to perform. They use derivative cost accounting like cost to charge ratios, or, only show Medicare Cost Reports, and basically just look at how much cash they have on their books. Which is one of the reasons they are able to say they don't make money from Care/Caid patients. I don't think many understand what the concept of margin contribution is. If they don't know what their costs are, and you don't know what the actual costs are, how are you going to be able to work from a budget to determine total costs ?
That said, Im for Universal Coverage. But till you know what it actually costs to deliver care in this country, its going to be near impossible to make work
How do other countries do it ? Most started on this 30 years or more ago. Pre MRI machines. Pre Cell and Gene Therapies. They were able to start at a time when healthcare was much simpler, and evolve, some successfully, some less so, from that point.
This is my opinion. If you disagree with any of it, happy to read it here
@ChuckGrassley Screw you. That extra cash will be spent on worse MPG and repairs on an engine valves/seals failing. You r not helping avg Americans, so stop convincing yourself u r doing so.
@cwebbonline He speaks the truth? They r people that r addicts or have mental health issues...not homeless? Go walk down a street and ask them if they want housing... if they have to follow rules, they will say no.
The SpaceX IPO is the most brazen retail fleecing in modern market history.
NASDAQ has REWRITTEN the index rules specifically for this listing. The 10% minimum free float requirement: gone. The 3 to 12 month seasoning period before index inclusion: cut to 15 trading days. Companies with small floats can now be weighted at 3x their actual float.
Translation: every passive index fund, every 401k, every pension is about to be force-fed SPCX whether they want it or not.
And what exactly are they buying?
Class A shares carrying ONE vote each, while Musk holds 93.6% of the Class B super voting shares at TEN votes each. That gives him 85.1% of voting power on a 42% economic interest. He cannot be outvoted. He cannot be removed. CEO, CTO and board chairman simultaneously.
For reference: Zuckerberg controls 61% of Meta. Buffett 35% of Berkshire. Musk: 85.1%.
SpaceX is also claiming "controlled company" status, exempting it from needing a majority of independent directors. Shareholders waive the right to a jury trial. They waive the right to class actions. Mandatory arbitration only, courtesy of an SEC rule change pushed through on a party line vote last September.
$1.75 trillion valuation. $80 billion raise. Largest IPO in history.
The rules of the game were quietly rewritten so one man could extract maximum capital from retail while answering to no one.
🚨 BEHIND CLOSED DOORS 🚨 They know destroying the US Forest Service is illegal, which is why they are trying to rush it through without a fight. Don't let them. Flood Congress with letters in 2 clicks right here:
https://t.co/V9HjOIeFGQ
@Noahpinion @stoneagenathan It's bad, do you have a t clue on what devastation it has had on the Everglades https://t.co/Ycpyjmy8z9
@mcuban I like it, but not sure how easy it would be to own/control the rights to my "me" model
My god.
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