The Macro Navigator

Shipping & maritime projects ⚓️ Global macro & socio-economic trends 📈📉 Politics 💛 Retweets are not necessarily endorsements.

[The Macro Navigator @TheMacroNav]

Pretty massive turn in the making... enjoy!

$GOLD:$SPX https://t.co/6YwwAlUpHL

[The Macro Navigator @TheMacroNav]

@FrankCappelleri In the long run. Now go and find those who have this much time.

[The Macro Navigator @TheMacroNav]

@unusual_whales The EU almost had credibility announcing the announcement of the bailout announcement back in the day

[The Macro Navigator @TheMacroNav]

@PolemicTMM You should use yourself as collateral now to borrow against the newly established valuation

[The Hormuz Letter @HormuzLetter]

This is completely false. All reports claiming a deal has been reached, including Trump's claims yesterday are market manipulation ahead of today’s SpaceX IPO. Iran has explicitly rejected that any deal has been finalized.

[The Macro Navigator @TheMacroNav]

@MikeDiggs79 @DeItaone Of over 1000?

[Hedgie @HedgieMarkets]

🦔Leonardo is a $17 billion defense contractor. It built a system called SignalTrace that clips sensors onto the license plate readers already mounted on street poles, overpasses, and police cars across the US. Every time you drive past one, the sensor grabs the Bluetooth and WiFi signals from every device in your car, ties them to your plate, and logs the time and location. Your phone, your AirPods, your kid's tablet. All of it goes into the same file. A friend rides with you once and their devices are linked to your plate.
Leonardo has sold this to police departments since at least 2023. There is no federal law covering it, no opt-out, and no warrant requirement.

My Take
None of the pieces here are new. Your phone has always broadcast a signal. The license plate cameras were already there. Leonardo just connected them and found a buyer. Nobody had to break a law or build anything from scratch. They assembled a surveillance system from parts already in place and sold it before anyone noticed.

Most people found out this week from a 404 Media investigation. Leonardo received the patent in 2024. By the time you hear about something like this, the deals are done and the sensors are on the poles. That's how it works now.

Hedgie🤗
https://t.co/serZi0IGnT

[The Macro Navigator @TheMacroNav]

@PalominoOMG @realpeteyb123 In fairness to him, the prospectus said what this was/is.
It did not lie. People hate reality though.

[The Macro Navigator @TheMacroNav]

@SkyNewsArabia_B 100% nothing again

[Michael A. Arouet @MichaelAArouet]

Germany didn’t lose its economic edge overnight, it was hurt by one bad policy after another.

High energy costs, endless bureaucracy, overtaxation, and anti-growth mindset have turned an industrial powerhouse into the sick man of Europe.

What needs to happen for a turnaround?

[Ihsan Horani @neutralground90]

In 30 days every major European leader lands in Ankara for the NATO summit.

The host government held a secret Muslim Brotherhood summit in Istanbul in January. Delegations from Sudan, Libya, Somalia, Qatar and European Brotherhood chapters in the same room. Sudan's re-establishment on the agenda.

When I posted this thirteen days ago it reached 31,000 people.

Not one European government office responded.
Last week the EU Commission published a briefing asking whether Europe is prepared for another migration crisis driven by Sudan and Iran.

It did not mention that the country welcoming its leaders next month coordinated the Brotherhood's Sudan strategy five months ago.

The silence is not an oversight.

30 days.

[Kai Baumgartner @kaibaumgartner]

Where’s “Skin In The Game”?

This 20 year chart tells a remarkable story about Germany. This chart is not merely describing a decline. It is explaining it:

+820,000 public-sector jobs
−800,000 self-employed

Wealth is created through entrepreneurship, innovation, capital formation, and voluntary exchange—not through the expansion of the administrative state.

Germany became wealthy through builders, engineers, industrialists, family businesses, and entrepreneurs. Yet the incentives increasingly reward compliance over risk-taking, administration over innovation, and redistribution over production.

The result is visible in plain sight.

A society that attracts its brightest minds to government desks rather than company formation is slowly consuming its economic seed corn. Exceptions, such as Singapore, may prove the rule.

Prosperity cannot be regulated into existence. It must be created first.

Germany needs fewer barriers to entrepreneurship, lower taxes, less bureaucracy, and more capital formation.

#Germany does not suffer from a shortage of bureaucrats. It suffers from a shortage of entrepreneurs.

[Sylvia Kaufhold @SylK1966]

Ich bin gerade auf ein BGH-Urteil vom Oktober 2025 gestoßen, das mich fassungslos macht.

Ein Marokkaner reist 2016 illegal nach Deutschland ein. Sein Asylantrag wird abgelehnt, er taucht unter, begeht mehrere Straftaten. Absoluter Standardfall. Irgendwann fassen ihn die Behörden und wollen ihn abschieben. Hierzu ordnet ein Gericht Abschiebehaft an. Immerhin.

Nun zieht der Marokkaner zwar nicht gegen seine Abschiebung, jedoch gegen seine Inhaftierung bis vor den BGH. Dieser gibt dem Kläger Recht und lässt ihn frei. Begründung: Das deutsche (im Lichte der Rückführungsrichtlinie und einschlägiger EuGH-Rechtsprechung auszulegende) Aufenthaltsgesetz sieht in diesem Standardfall keine Rechtsgrundlage für die Inhaftierung zum Zwecke der Abschiebung vor (Spoiler: Ist eine Rückführung in das Heimatland durch unmittelbaren Zwang ohne Freiheitsberaubung und damit ohne Haft überhaupt denkbar?).

Insbesondere begründet das Untertauchen des Betroffenen seit 2017 (!) nach Auffassung des BGH keinen konkreten Anhaltspunkt für Fluchtgefahr nach § 62 Abs. 3b Nr. 7 AufenthG, denn dieser Paragraph "setzt nach seinem klaren Wortlaut voraus, dass der Ausländer erlaubt eingereist ist."

Mit anderen Worten: bei erlaubter Einreise begründet das Untertauchen eine Fluchtgefahr und damit einen Grund für Abschiebehaft, nicht aber bei unerlaubter Einreise. Das ist so kafkaesk und kontrafaktisch, dass man am Rechtsstaat verzweifeln mag.

[The Macro Navigator @TheMacroNav]

@jreichelt Ob Trump die USA in eine Diktatur verwandelt oder nicht, kann man heute noch nicht sagen. Dass er es versucht, schon.

[Splash @Splash_247]

The ghost of Posidonia 2008 https://t.co/Z7qPWNgifG

[unusual_whales @unusual_whales]

Blackstone is restricting withdrawals from its flagship Blackstone Private Credit fund following a spike in investor redemption requests, per CNBC

[The Macro Navigator @TheMacroNav]

https://t.co/K8aGrV6FSw

The comments are interesting.

[The Macro Navigator @TheMacroNav]

@SecScottBessent @POTUS Does this post have any content?

[The Macro Navigator @TheMacroNav]

@mark_dow 250 suits well

二百五

[Liam Nissan™ @theliamnissan]

Wow Pam Bondi REFUSED to testify under oath today to the house oversight committee. Her lawyer told her to refuse to take the oath, and that's what she did. Fucking criminals, all of 'em