Have said this downturn (or whatever you want to call it) will essentially be a 'white collar recession'. To date, layoffs have been almost entirely in WC workforce which is UNIQUE in 🇺🇸 History. All previous slowdowns/recessions have started in BC workforce & bled into WC.

I am being told that Trump's 100 million barrel figure here is roughly accurate, and that over the past 3 weeks, huge dark fleets from Abu Dhabi National Oil Company (ADNOC), escorted by U.S. Navy, have traversed the Hormuz Strait (as high as 7 million barrels per day)

Chamath said a gigawatt data center used to cost ~$5B when he started his project but now runs closer to ~$100B fully loaded. The jump is all about silicon density with $NVDA Rubin-class racks approaching 600kW and every gigawatt carrying far more GPU and HBM content.

I've said in every comment that some version of this is how I see 🛢 shaking out after a signed agreement. At ~$80.50 & a deal being signed this weekend, I think it's very possible we see a 'flash' to a 6-handle Sunday night or Monday. The dark arts are powerful & vested.

TRUMP ON IRAN: IMPORTANT THAT OIL IS PLUMMENTING AND STOCKS RISING

If you denominate US GDP in gold instead of dollars, the chart is wild.

U.S. Gas Prices Slip Below Politically Sensitive $4 Level For First Time In Months zerohedge.com/commodities/pu…

People didn’t “Trust The Science” they trusted Fauci, a criminal psychopath who said he represented Science. To this day people have no idea the evil that was done to them. What’s worse, is that they have no interest in finding out the truth about Covid/lockdowns/vaxx because their beliefs about these things are “load bearing”. Remove them and their entire self identity will collapse. So they purposely stay ignorant and will never question the government’s behavior or Pharma’s or their own. Because doing so would collapse the world they currently live in. So they remain susceptible to it happening again.

This is a VERY good Tweet & how X should be Off the cuff & ON POINT There's a million tweets from Macro Nonce's vagueposting w/a CHART that does little, other than show they don't understand how flawed the data collection is If more people understand 👇 it would help them ALOT

Alot of commentary on overheating & runaway inflation ahead. I've been adament that this would NOT happen. Manufacturing & industrial, both falling off & are victims of higher rates & a ST oil bounce, in my view. Also, I'm SNIFFING out 'Peace Dividends' to be floated soon.

This saga is the worst performance in Fintwit history Terrible delusion & abject stupidity by many of our greats I'm not condoning 🍊👑 or Iran but a deal was ALWAYS getting done This deal may be awful & a political death knell but the Strait opening was ALWAYS on a shot clock

Last week (June 8), before the US-Iran deal was announced, I published this @Opinion column about the re-start of oil production in the Persian Gulf region. I argued it would go much faster than many are expecting. I still think that's the case. bloomberg.com/opinion/articl…

*TRUMP SAYS MOU SUSPENDS TOLLS IN THE STRAIT FOR 60 DAYS: NYT

The option market has never been more bullish on chips, or more bearish on gold

A 27% drop in gold looks like a top. Twice before, a crash like this was the start of the next leg up. In 2008, as Lehman triggered margin calls, gold fell 29%. What followed was QE1 through QE3 and a tripling of the price. In 2020, the pandemic crash took it down 12%. What followed was an unprecedented wave of fiscal and monetary expansion, and a rise of over 70%. This year, the drawdown was 27%. The bull market still has considerable room to run.

JUST IN: 🇨🇳 China eliminates 12,000 ‘obsolete’ university degrees in push to prepare for the AI era​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​.

USA. A backyard. A man. A grill. Four hours. He never left it once. Everyone else drifted, drank, wandered, laughed. He stood before the flames, turning meat with a long fork, immovable. I knew him at once. The keeper of the sacred fire. I took my place beside him. I said nothing. This is the first rule. You do not speak first to the man at the grill. After a long while, he spoke. "Low and slow," he said, eyes never leaving the coals. "You can't rush it. Rush it, you ruin it." I bowed my head. A blade. A tea. A life. None can be rushed. I had crossed four thousand miles of ocean to hear my grandfather's words spoken by a man in a "KISS THE COOK" apron. "Everything worth doing is slow," I said. I have never cooked meat in my life. But I said it as if I had said it a thousand times before. He glanced at me. Something passed between us. A current older than language. His voice dropped, low, almost ashamed. "My wife says just use the oven." He shook his head at the fire. "She doesn't get it." "They never do," I said. And this is where the man transformed. For the first time in years, he had been understood. He rose to meet it. His back straightened. His shoulders set. His voice fell half an octave. A teenager reached for the grill. He lifted one hand without even looking. "Not yet." The boy retreated. He did not argue. He could not have argued. A woman asked when the food would be done. He told the flames, not her. "It's ready when it's ready." Three people approached. Three were turned away with a single word each. By the fourth hour, no one questioned him. The whole party had arranged itself around the man and his fire, the way a village arranges itself around a shrine. Then he turned to me. He held out the fork. "Watch it a sec. I gotta pee." I have stood at the gate of lords with a naked blade in my hand. Nothing has ever weighed as much as that fork. I did not move my eyes from the coals. I did not touch the meat. I did not know how. I would not learn. To learn would be to break the moment. When he returned, I handed back the fork without a word, as one returns a sword to its rightful master. He served everyone before himself. He ate last, standing, still watching the fire. We never traded names. We did not need to. He believed he had finally met a man who took grilling seriously. I believed I had finally met America's last samurai. Neither of us will correct the other. Not now. Not ever. So I have made a vow. Every summer of my life, I will return to this country. I will find a backyard. I will find a man at a grill. I will stand beside him and say nothing until he speaks. And when he says "low and slow," I will bow my head as if my grandfather had spoken. I will die before I tell him I do not know how to cook meat. "KISS THE COOK," his apron commanded. I have obeyed. I will obey again.