Never has a dumber group of people been put in charge of the world than this one. The Trump administration is so moronic, you simply can't parody it. This is the closest we've come to the movie 'Idiocracy' becoming a documentary.
BREAKING🚨: This will remain EPIC 🔥
🇺🇸Trump Today: "We’re now starting clearing out the Strait of Hormuz as a FAVOR to Countries of the World, including CHINA."
🇨🇳 China Yesterday: "But the SOH was already OPEN before the war? You have created a this mess OUT OF NOTHING."🔥👏
🚨 THE FED IS NOW IN THE WORST POSSIBLE SITUATION
And now there's no going back.
Just now, US CPI data was released, and it was really bad.
US CPI spiked to 3.3%, its highest level since May 2024.
Core CPI also came in at 2.6%, its highest level in 2026.
This is the first major inflation print, and it's already showing that things are getting out of control.
The market is already expecting no rate cuts in 2026, and with today's print, the odds are even less now.
But here's one problem.
Inflation isn't the only concern now for the Fed.
US GDP growth is really bad, and people are losing jobs.
The private credit market is breaking while the housing market looks really weak.
This means the Fed hasn't been able to control either of its mandates.
The Fed's goal is 2% CPI and 4% unemployment, and right now, both things are going up.
If the Fed tries to save one thing, the other will break.
Also, the energy crisis hasn't shown its full impact yet.
With the Strait of Hormuz still closed, this is only going to get worse.
And unlike 2020 or 2023, the Fed will do nothing and just watch the economy head into its worst crisis in decades.
Roll over Straits of Hormuz, here comes Straits of Malacca on steroids.
Malaysia just announced B100 — a diesel made from 100% palm oil. ~$1/litre. (Yes $1 a litre)
Malaysia is the world’s second largest palm oil producer and already has 25 biodiesel plants built with 2.6 million tonnes of capacity. They’ve been piloting this since 2025 — 50,000+ km on passenger vehicles, zero major issues. Scania trucks have been B100-compatible since 2019.
PM Anwar was counting Malaysia’s petrol reserves in days and suddenly this. Malaysia Boleh, this is straits of Malacca on Tongkat Ali.