Adam

Reformed attorney. Lover of Liberty 🇺🇸 bourbon 🥃 and Hawkeyes ⬛️🟨.

[Megan Novak @meganjnovak]

The Senate Democrat Leader just admitted her biggest regret is failing to pass a bill that would have made energy more expensive for Wisconsin families and businesses.

Remember this the next time Democrats claim they're the party of affordability. 🙄

[The Vigilant Fox 🦊 @VigilantFox]

Joe Rogan watches in disbelief as a video reveals America’s “nonprofit” hospitals actually rake in $45,000,000,000 in profit every year.

ROGAN: “Motherf*ckers.”

One CEO at NYU Langone paid himself $15,300,000 a year.

Other CEOs paid themselves $4,500,000 while nurses made about $70,000 a year.

P. DAVIS JONES: “A congressman recently described some nonprofit hospitals as ‘hedge funds with hospital beds,’ and I was like, ‘I bet they are.’”

“The total revenues of nonprofit hospitals in America in 2023 was $1.3 trillion. Nonprofit hospitals were making $45 billion worth of profit.”

“A study that looked at almost 1,500 nonprofit hospitals found that 86% of them provided LITTLE TO NO charity.”

“It goes to executives, these CEOs getting paid about $4.5 million a year. Meanwhile, their nurses make about 70K.”

“Here’s a guy, Robert [Grossman], at a hospital in New York who paid himself $15.3 million a year. Nonprofit hospital.”

[Jesse Kelly @JesseKellyDC]

Communists lie about everything all the time.

[Adam @realadjo]

@ConorCoutts @DailyCaller In fairness, South Carolina isn’t known for picking great candidates in GOP primaries.

[Adam @realadjo]

@JesseKellyDC @Oilfield_Rando We need to make Texas great again. Because this is shameful.

[Adam @realadjo]

Probably too kind to Brazil. Disgusting show from Marta and team.

[SQTableSportsMike @SqTblSportsMike]

This #Brazil team is embarrassing trash. Absolutely classless team trying to win via wrestling match instead of playing the damned game. #USWNT

[Adam @realadjo]

@PlayFor90 Coaches had zero composure. Players zero composure. Embarrassing for sure.

[Adam @realadjo]

@kylesheldon I’ve seen u8 teams play with more pride and more respect for the game than that Brazil team. Flushed every bit of dignity.

[Adam @realadjo]

@WomensGameMIB Lost a lot of respect for Marta tonight. Absolute disgusting show from Brazil squad. No class in loss to USWNT

[Adam @realadjo]

The comments. 💀

[Jesse Kelly @JesseKellyDC]

My friend, that is cornbread. It’s a Texas barbecue staple. But it’s still weird cause we all assume Talarico prefers corn on the cob.

[Adam @realadjo]

@kaideejay @JonathanTurley @LizV54 Not that hard. They voted for exactly what got them here. The sane ones already fled this hellscape.

[Adam @realadjo]

@DefiantLs Islam is incompatible with western society.

[Auron MacIntyre @AuronMacintyre]

Just today I was in a store with a black guy who was mumbling to himself

After he walked out a woman went to the counter and told the cashier that he had scooped several items into his bag before leaving

The cashier said he does it all the time but the company wouldn’t let her call the police because they wouldn’t do anything anyway and it looks bad

Everyone has been in this situation, they see a black person breaking the law or just the basic rules of civilized society but they stay quiet because they know that the black person will likely become violent if confronted and they will be called racist

Austin Metcalf broke the sacred unwritten law of the United States

He held a black man to the same standard he would hold a white man to and paid with his life

[Brooks @EBrooksUncut]

Evers raised fees on farmers by 1700% and vetoed legislation to protect Wisconsin farmland from being bought up by the CCP.

Meanwhile his PSC has driven up energy costs, and his 400-year veto locked in higher property taxes on family farms for generations.

[Adam @realadjo]

@RapidResponse47 @POTUS Corn ethanol is garbage. Stop cheering biofuel like it’s good.

[Adam @realadjo]

All great stuff. Except- Stop touting ethanol!! E15 and ethanol generally is garbage fuel. The mandates transfer wealth from consumers to farmers. It’s a corrupt cave to Big Ag.

[The Heartland Post @HeartlandPostWI]

During his agricultural roundtable in Wisconsin, President Trump highlights how his administration has reduced regulatory burdens for farmers established during the Biden era.

[Bull Theory @BullTheoryio]

🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.

S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.

In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.

It started with the jobs report this morning.

The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.

On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.

The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.

Then the AI trade started cracking.

Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.

Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?

That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.

Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.

South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.

And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.

Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?

Underneath all of this, there is a liquidity problem nobody is talking about.

SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.

These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.

But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.

The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.

He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.

When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.

Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.

[End Wokeness @EndWokeness]

HERE WE GO AGAIN…

NBC says "late-arriving mail-in votes" in LA could keep pouring in for DAYS to help the Democrats defeat Pratt

[Adam @realadjo]

@bonchieredstate All that remains for Megyn is the grift.

[Adam @realadjo]

@DavidLimbaugh Theirs is not a religion of the Bible, regardless of what they call themselves