#Byedon 🇺🇦

Concerned about America. 🌊🌊proud ❄️❄️ #neveragain #enough #FBR #prochoice #realitywinner #familybelongtogether #healthcare #impeachtrump #resist #BLM #coexist

[Michael Burry Stock Tracker ♟ @burrytracker]

Breaking: Michael Burry has bet against the rally, saying, "We are near a major top, and possible a 1987-type fall"

[Ama Esenam @AmenorviEsenam]

@Complex Every medal has a story. This one was earned long before the final whistle. To every parent making sacrifices today,your children may one day be your greatest reward. 🇬🇭❤️

[Complex @Complex]

Nico Williams gave his World Cup winner’s medal to his mother, who crossed parts of the Sahara while pregnant with his older brother.

The moment honored the sacrifices his parents made while traveling from Ghana to Spain in search of a better life for their family.

(via @BleacherReport )

[Benj Smith Productions @BenjSmithProd]

@FOXSports Spain, Argentina, France and England get first round byes directly to the NY6 Bowls. Brazil, Morocco, Portugal and Belgium get home games vs Netherlands, Mexico, Colombia and Mexico respectively.

USA goes to the Pop Tarts Bowl.

[Adam Litvack @itsthe90sagain]

@FOXSports Cape Verde should be top 10 tbh.

[Will Not Live Twice @pablobojar]

@TheAtlantic @RadioFreeTom Relax... 😎

[Passenger57 @XRC6469S]

@TheAtlantic @RadioFreeTom Hegseth was deemed unfit to serve at the rank of Major and was thankfully kicked out of the military before he could do grave damage to our country. Only an idiot would promote this drunk, credibly accused of a rape, to Secretary of Defense but here we are. He's now losing a war.

[Serva⚔Lux @Sopris970]

@TheAtlantic @RadioFreeTom The USA is no better than Russia or Israel. Never imagined it would become the strategy of the US Military to bomb civilian targets.
Zero honor this "war". Dishonorable deployment.
Hegseth and Trump are war criminals.

[Eric Hall @EricHallBtc]

@coinbureau When the world’s central banks start liquidating the backbone of the global financial system, the stress is no longer hidden.
This is how liquidity crises begin

[The Kobeissi Letter @KobeissiLetter]

Forward-looking data points to a further increase in US unemployment:

The gap between consumers saying jobs are "plentiful" versus "hard to find" is down to just 5.8 points in March, the lowest since the 2020 pandemic.

This comes as just 27.3% of consumers say jobs are “plentiful," down from ~55.0% in 2022.

At the same time, 21.5% say jobs are "hard to find," up from ~10.0% over the same period.

Historically, this measure has been one of the most reliable leading indicators of rising unemployment.

Furthermore, current levels in this indicator have only been seen prior to or during a US recession since the 1990s.

The job market is set for even more weakness.

[Scrub @IVDripCrypto]

@KobeissiLetter If boomers lived the golden era, what era are we living in?

[DeepStateDiver @DishonestyHuntr]

@JimLaPorta @CBSNews From what I'm getting out of every single article celebrating this person, the most profound aspect of her career is that Cronkite was still there when she started. Apparently has no life other than her job. Even Cronkite would be embarrassed at the product CBS puts out now.

[The Kobeissi Letter @KobeissiLetter]

The Strait of Hormuz situation:

Reuters is now reporting that Iran is notifying vessels that it is CLOSING the Strait of Hormuz.

If officially closed, 20+ MILLION barrels of oil PER DAY will be impacted, or 20% of global supply.

What's next? Let us explain.

(a thread)

[Bill Sweetman @ValkStrategy]

I'm sure the paywalled Maple MAGA propaganda mentions the $60 billion per year from Federal funds (that is, from Blue coastal states who pay more in taxes than they receive), equal to $10000/year for every person in the state. That would be like Canada getting 650 billion CAD per year, just falling out of the sky.

[Marie-Petty & Difficult Canadian🇨🇦 @Mme1960]

@globeandmail “Canada is poorer than Alabama” is a headline gimmick. It cherry-picks GDP per capita and ignores healthcare, inequality, life expectancy, and cost of living. Productivity challenges? Yes. But reducing a country’s living standards to one narrow stat is misleading.

[Ryan Cohen @ryancohen]

The Hollow Men

American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.

By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.

These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.

In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.

Today, we have severed that link.

We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.

If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.

This looting starts in the boardroom.

We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.

Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.

And for what?

Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.

They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.

And what happens when these boards hire executives who also have no personal capital at risk?

We get the Delegation Economy.

When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.

This is not management. It is intellectual money laundering.

They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.

While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.

If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.

The time for polite governance is over.

If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

[Grace Over Greed @GraceOverGreed]

@Forbes Shame on you Fortune, #KenGriffinLiedUnderOath

[CalebByRamen @cab8901]

@Forbes *Financial Terrorist
*Lied Under Oath #KenGriffinLiedUnderOath

[felix @macro_context]

@YahooFinance When you strip away the mirage, the US economy gained a paltry 181,000 jobs for all of last year, the slowest pace outside of a recession since 2003. It is an unthinkable level of unreliability that makes it almost impossible for people to trust the official economic narrative

[Ray Dalio @RayDalio]

Kevin Warsh was a great choice
We who have been engaged with policy makers and markets for a long time know him and respect him for his capabilities and his judgement.  He is knowledgeable and a reasonable man who understands the risks of having a Fed policy that is too easy as well as too tight and how to judge what's too easy and what's too tight. Presumably, he also knows how to deal with the president and the Treasury well.