Grain options trader on the CBOT floor (RIP). Asset Manager. Strong opinions, weakly held. There are no bad sheets, only bad traders! not trading advice.
Why do people reverse into parking spaces?
At first it was one or two misdirected fools, now it's spreading like a disease.
It makes no sense. You are only making it so much harder for yourself, and everyone hates you as you block the road trying to get into the space.
While Trump drives up gas prices, Illinois is pausing our motor fuel tax.
While Trump cuts SNAP, Illinois is addressing food deserts and funding school lunches.
While Trump is building an UFC arena, Illinois is building out our infrastructure and housing.
Powell Worried About Political Stress Test
It's ironic that a former Fed chairman associated with the phrase "inflation is transitory" is now expressing concern about the Federal Reserve's credibility. Many of the leaders running today's institutions seem disconnected from the reality that public confidence is eroding not because of external criticism, but because of widespread dissatisfaction with their performance and decision-making.
Across society, trust in official institutions has been spit out with remarkable speed. Governments, central banks, universities, media organizations, and other pillars of public life are confronting a growing credibility crisis as more people question whether those in charge understand the challenges facing ordinary citizens.
Eric De Groot: US #TreasuryBond Review $TLT $IEF - Powell Worrie... https://t.co/AYSybCTQWL
#Dollar #Soybeans #Economy #Stocks #Corn #Gold #Silver #Wheat #Commodities #Energy #Bitcoin #Ethereum #LiveCattle #Hogs #NaturalGas #Bonds #Housing #Palladium #Platinum #Uranium
I don't think illinois should subsidize. I think Indiana should. I don't fault any side here actually, bears should move to Indiana, makes the most sense for them.
Pretty much all of the prominent voices who supported the Iran War assured us it would be over by now. None of them will admit they were wrong. Even less will they admit that their initial assurances were based on nothing but their own wishcasting. This whole shitshow has been an enormous waste of time and resources and our country has not benefited from it at all. Its advocates have moved the goal posts repeatedly and have even to this day refused to clearly articulate what constitutes a victory and how we’ll know that it’s been achieved.
Even if Hormuz opens TOMORROW:
⏳ 172M bbls on tankers must unload: 14 days
🚢 Tankers return to Middle East: 25-30 days
⛽ New tankers load and return: 25-30 days
Total: 85-105 days before flows normalize
A ceasefire ≠ open Hormuz.
A ceasefire ≠ restored supply.
The market is celebrating a deal that hasn’t happened.
And even if it does — the physical dislocation remains. 🛢️
Warning 🚨🚨🚨🚨
Oh billy billy billy billy!!!
MM corn long 200k as of Tuesday! Another 80-90k contracts sold since.
MM long 120k corn max and farmer is sold!
Any weather threat or China buying blows the roof off this market with no seller!!
Corn market is highly flammable
The Fed expanded the money supply by nearly $9 trillion under Powell.
Inflation has averaged >4% per year over the past 6 years.
Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control.
The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.
The 05/28/26 - Economic Backdrop Extremely Fragile update has been published.
And, the crypto bulls are not listening! The invisible hand will make it hard on the younger generations, and the quest for power will wipe many of them out financially.
Eric De Groot: #Economy & #Stocks Report #GDP #Investing https://t.co/CYpuLsYVVA
AMERICANS ARE FALLING BEHIND ON LOAN AND CREDIT CARD PAYMENTS AT THE FASTEST PACE SINCE THE 2008 FINANCIAL CRISIS, WITH CREDIT CARD DEFAULTS HITTING NEAR-15 YEAR HIGHS