New profile pic for Fed Chair Jerome Powell.
From Wiki: "Conservative economist Bruce Bartlett gives Burns poor marks for his tenure as Fed chairman because the inflationary forces that began in 1970 took more than a decade to resolve."
#ArthurBurns#FOMC $SPY $TLT
Shameful propaganda reporting by the ABC
1: the victim barely rates a mention - he lost his left eye among other serious injuries
2: this was an attempted beheading by an islamist
3: the greater concern was political grandstanding not human suffering.
https://t.co/ReFYfPPHuH
The big boys win this race. Alphabet and Microsoft with distribution, Apple for sitting out and avoiding write downs.
Evident already with Softbank unable to borrow against its OpenAI position. Anthropic better hurry that IPO along!
I went from spending ZERO to over $30,000 per year run rate in Claude in just 6 month. This thought crossed my mind multiple times whether its worth it. Not because I don't see value in hidden angles sheet that we produce daily. It's because of usage limitations even with that much amount of spending. This note from Citadel touches upon this: "... ration scarce capacity towards the areas where the marginal productivity of AI justifies the marginal cost of using it." This note is yet another reason why semiconductors are getting wrecked daily.
@KobieThatcher Raise the minimum wage, raise unemployment. Really that simple. Only those who retain their jobs get the raise others lose their jobs. Very sad
"... 56,000 jobs can be classified as a transitory "World Cup surge." ~1/3 of the print.
Excluding this, the rest of the private economy added just over 100,000 jobs. While that shows a resilient baseline, it is far from the "reaccelerating" blowout the headline implies." RBC
Huge day: S&P500 down 2.4%, Nasdaq down 3.8%, NFP big beat (172k jobs added vs 88k expected with upward revision by 93k to prior two months) - confirming Coolabah's 12mth view that the Fed needs to hike by 50-75bps immediately and that the US economy is as strong as ten men. US unemployment is incredibly low at 4.3%. This is being driven by AI capex/inflation/jobs growth, Trump's fiscal stimulus, excessively low US rates via the Fed, and reshoring of supply chains. Last year bond markets were stupidly pricing in 100bps of Fed cuts - which we called out repeatedly - they are now pricing in a full hike from the Fed this year. We have consistently argued they need to price in hikes over 2026/27/28. In US government bonds, 2-year yields up 12bps and 10-year yields up 7bps. Bitcoin down even further to US$60k - we have long argued BTC is a zero... Higher US rates will be very bad for US private credit...
Iโm not saying China is deliberately pushing the West into these batshit net-zero leftist fantasies to gut their industry and make them totally dependent on Chinese manufacturing.
But if they were, what would they be doing differently?
@Rothmus Can any WEF/EU/Globalist environmentalist look at this and not see the hypocrisy? I get the feeling these agendas are a Trojan horse for the real endgame which is replacing capitalism with socialism and anarchy.