Jacob Prall

Attorney and outdoor enthusiast | Taking daily walks is underrated

[Jacob Prall @JacobPrall]

Double the Fed’s 2% target

Can’t lower rates without causing Weimar style inflation. Can’t raise rates with $10T in treasuries needing to be rolled over.

Really wonder if they are going to revalue the gold from its current price of $42.22. If so, to what?

Gold backed bonds?

[Watcher.Guru @WatcherGuru]

BREAKING: 🇺🇸 US inflation rises to 4.2%.

[Jacob Prall @JacobPrall]

The fact that the US waited until after 4 pm today and that this whole conflict starts and stops based on market hours makes me think the administration does not have the stomach to arrest inflation and will just print dollars to avoid dealing with the massive problem.

[*Walter Bloomberg @DeItaone]

US MILITARY: STRIKES IN RESPONSE TO YESTERDAY'S DOWNING OF A U.S. ARMY APACHE HELICOPTER

[Jacob Prall @JacobPrall]

The jokes write themselves

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump says the US and Iran are "close to a deal" as a third wave Iranian ballistic missiles is fired toward Israel, per Fox News.

[Jacob Prall @JacobPrall]

The man wanted 50 year mortgages when he was heading the FHFA. Looking forward to hearing about what wild idea la is he going to have as director of national intelligence?

[The Wall Street Journal @WSJ]

Breaking: President Trump chose Bill Pulte to be acting director of national intelligence. Pulte is currently the head of the Federal Housing Finance Agency. https://t.co/giszsxhODn

[Jacob Prall @JacobPrall]

Can’t lower interest rates or inflation goes wild

Can’t raise rates with ~$10 Trillion of US debt needing to be refinanced over the next 12 months

Only thing they can do is revalue gold from its current official price of $42.22 and/or issue gold backed bonds.

July will be fun

[Jacob Prall @JacobPrall]

A crazy PPI print this morning coupled with wheat futures going limit up yesterday. Good luck because soon everyone will realize stagflation is here

[Jacob Prall @JacobPrall]

If inflation is going to rise, I wouldn’t be selling gold/silver unless I needed emergency cash.

I bought more this morning because someone smart said “be greedy when others are fearful”

[Jacob Prall @JacobPrall]

It’s about time

[First Squawk @FirstSquawk]

GRADUATE STUDENT LOANS WILL NOW BE CAPPED AT $20,500 PER YEAR AND $100,000 TOTAL, PER THE HILL.

[Jacob Prall @JacobPrall]

Say it with me and say it loud

Stagflation

[The Kobeissi Letter @KobeissiLetter]

BREAKING: April CPI inflation rises to 3.8%, its highest level since May 2023.

Core CPI inflation also rose to 2.8%, above expectations of 2.7%.

We are now experiencing post-pandemic inflation levels amid surging oil prices.

Odds of Fed rate HIKES are surging.

[Jacob Prall @JacobPrall]

I am cautiously optimistic that the DOJ will actually arrest anyone

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 DOJ is investigating $2.6 billion in oil trades placed shortly before President Trump's major Iran war announcements.

[Jacob Prall @JacobPrall]

Just another datapoint whispering an eventual middle eastern liquidity crisis

[MENA Unleashed @MENAUnleashed]

BOMBSHELL. Saudi Arabia just posted a 126 billion riyal deficit in 90 days. That is 48% of total revenue.

In a single quarter Riyadh has burned through 76% of its entire annual deficit target. The official line was 165 billion for the full year. They hit it in 3 months. And Q1 was the easy quarter.

The Iran war broke the kingdom's fiscal model. Hormuz closure. Insurance premiums quadrupled. Supply chains for food, fuel, fertiliser, machinery, all fractured. Saudi imports nearly everything it consumes. Every line of state spending now costs more, sometimes much more, than it did 3 months ago. That is where the spending explosion came from. It is not Vision 2030 ambition. It is wartime inflation hitting a state that cannot import without paying a war premium.

And the oil revenue collapse has not even arrived yet. Hormuz only shut in early March. January and February exports moved through the strait at normal volumes. Q2 is the quarter where Saudi crude actually fails to reach Asian buyers. The revenue side of the budget is about to fall through the floor.

Stack this honestly. Q2 carries the full Hormuz hit, full wartime import inflation, full security spending surge, plus the same Vision 2030 commitments that cannot be paused without political risk. The annual deficit does not land at 165 billion. It lands at 400, maybe 500. Somewhere ratings agencies stop pretending and start downgrading.

Reserves are drained to defend the riyal peg. Sovereign borrowing scaled up to plug the hole. Debt service rising as global yields stay elevated. Gigaprojects quietly cancelled while PIF assets get repatriated. By late 2026 the kingdom is borrowing to pay interest. By 2027 it is borrowing to pay salaries. That is what the slope of this curve actually points to.

The Western analyst class is still talking about resilience and prudent diversification. They are reading last year's brochures. Saudi Arabia is not transforming. It is being financially gutted by a war it tried to manage from the sidelines. The fiscal sovereignty that bankrolled the entire Vision 2030 project is evaporating quarter by quarter.

MBS bet that he could ride out the Iran confrontation by hedging with Tehran while collecting a security premium from Washington. The bet failed. Hormuz closed anyway. Imports inflated anyway. The deficit blew open anyway. And the man who promised the Saudi public a futurist superstate is now staring at the first credible bankruptcy timeline in the kingdom's modern history.

This is what imperial decay looks like in real time. Not collapse in a single moment. A budget that quietly stops adding up. A state that quietly stops being able to afford itself.

[Yogi @Houseofyogi]

Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren

She must be so proud to add another casket to her achievements.

Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30+ smaller airports lose service.

JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes.

The combined company would have held 9% of the US market against a Big 4 that already owned 80%.

For anyone who understands numbers: 9% isn’t a monopoly against 80%.

Warren said no.

She wrote letters. She pressured Buttigieg. Biden’s DOJ sued. A federal judge killed the deal in January 2024.

Her argument: the merger would cost consumers $1 billion a year.

Now look at her collateral damage she dusts under the rug.

510 pilots gone in the months after. 1,800 flight attendants furloughed in December.

14,000 jobs in 2023. 7,500 last week. Zero tonight.

And that’s just the people in Spirit uniforms.

Catering goes. Fuel guys go. Baggage crews, gate agents, airport coffee shops, hotels and rental cars in 70 cities Spirit flew to. Every airline job carries 3 more on its back.

40,000 people out of work because of one woman’s moronic crusade against the market.

And the math ain’t mathing.

Spirit abandoned 90 routes during the death spiral. Fares on those routes are up 14% on average. Oakland to Newark: $135 to $288. Fort Myers to San Juan: $92 to $219. Kansas City to Newark up 66%.

That’s reality. Not some BS number from a “study.”

So @SenWarren tell me how this saves the consumer money?

Cheap carriers in a market drop fares 21% across the board. Southwest did this in the 90s and saved Americans $68 BILLION over 20 years.

Warren killed it. That’s what moronic politicians led by socialism do.

Then with her own blind arrogance, she tweeted Spirit’s collapse is “a Biden win for flyers.”

A win.

14,000 people are reading termination letters tonight.

And she’s taking credit.

This is socialism in 2026.

A senator who’s never made payroll thinks she knows how to run a market better than the people who own and work in the company.

She saved you a billion on imaginary paper.

She cost you ten times that in real life.

She didn’t protect consumers from anything.

14,000+ will go from working to welfare.

She will make sure to blame billionaires, hardworking tax payers, AI, capitalism and whatever monster they will make up tomorrow hiding under your bed.

Higher taxes. Fewer jobs. More expensive everything.

She called it a win. I hope you enjoy winning.

[Willem Middelkoop @wmiddelkoop]

US debt tops 100% of GDP https://t.co/viSTXyNcd5

[Jacob Prall @JacobPrall]

She just discovered her actual value add

[Alec MacGillis @AlecMacGillis]

"Sheryl Cowan, 57, was making $272,000 a year as a senior VP at a U.S.A.I.D.-funded nonprofit when she was let go at the end of March 2025. Last month she had an online interview for a $19-an-hour job managing a Penzeys Spices store in Falls Church, Va."
https://t.co/OGDiHFV79u

[Jacob Prall @JacobPrall]

That’s a lot of zeros to just pay off debt

[First Squawk @FirstSquawk]

US DEBT INTEREST COSTS HIT $1.3 TRILLION, EXCEED MILITARY SPENDING

[Jacob Prall @JacobPrall]

Yankees on a Thursday

[Jacob Prall @JacobPrall]

UAE liquidity crisis coming??

[Luke Gromen @LukeGromen]

Sec. Bessent response to UAE after UAE threatened to price oil and gas in CNY if US would not supply USD swap lines a few days ago (bottom):

"Yes - we will give you whatever swap lines you want 'to prevent the disorderly sale of US assets'."

[The Persian Jewess @persianjewess]

Over 70% of the East Village voted for Mamdani.

Now they’re suing Mamdani because he’s planning to relocate Bellevue homeless shelter to the East Village.

[Jacob Prall @JacobPrall]

When winning becomes the only thing that matters, fighting without honor will become more forceful and shameful. Eventually the system cracks.

[Geiger Capital @Geiger_Capital]

This is insane…

The Virginia redistricting amendment on the ballot today is framed as a vote to "restore fairness in the upcoming elections."

In reality, it turns a state that Kamala barely won by 5 pts from 6D-5R to 10D-1R.

[Jacob Prall @JacobPrall]

It is wild that this is how foreign nations vent their frustrations now

[Ariana Jasmine @arianajasmine__]

Sorry but the Iranian government’s LEGO depiction of Kash Patel is fucking frying me 🤣🤣🤣🤣

[Jacob Prall @JacobPrall]

And the interesting weekend starts off with a bang ‼️

[MenchOsint @MenchOsint]

A ship was allegedly attacked in the Strait of Hormuz.

A tanker/cargo that tried to sneak without an authorization from the IRGC ? Possibly the "Sanmar Herald" that renamed to "IndianshipIndianCrew" recently.