- Historic $2.1 Trillion spending cut - 72 hours to read the bill - Only 99 pages Republicans are changing the culture and trajectory of Washington—and we’re just getting started.

I was going to write a thoughtful thread on China, but I remembered most of you have ADHD so here's a meme instead: China isn't doing great & needs to pump the economy with new fiscal & monetary measures. They probably will, but the Yuan is weak, which limits their options.

🛑 China is no longer the United States’ largest trading partner 🛑 In fact, it has suddenly dropped to third place. México and Canada are the largest beneficiaries of Xi’s belligerence. De-risking or decoupling…it’s all happening. Jeffrey Sonnenfeld Steven #China #derisk

my trading system explained in detail $SPX $ES_F

The treasury is set to unleash a tsunami of bond sales to fill up its empty coffers beginning tomorrow morning. $170 billion in bonds will be offered for sale tomorrow alone, totaling a trillion dollars by quarter end. This will remove $1T in liquidity & reserves from banks.

1/5 "The new law [to block hedge funds from squeezing money out of sovereign debt restructurings] would make the longstanding Paris Club principle of comparable treatment enforceable as a matter of New York law." ft.com/content/213aa9…

Cover Story: China’s Consumers Are Flush With Cash, So Why Does the Recovery Have the Wobbles? caixinglobal.com/2023-06-05/cov…

Desperate Chinese Builders Turn to Zero, Negative Down Payments to Entice Homebuyers yicaiglobal.com/news/20230605-…

Chicago shootings this weekend: 46 shot, 9 fatally, in weekend gun violence across city, police department says - ABC7 Chicago abc7chicago.com/chicago-shooti…

In my most recent Alphaville piece I argue that there is no "history of reserve currencies" to which we can appeal in our discussions about "replacing" the US dollar. ft.com/content/c967ba…

Druckenmiller on How AI is Dominating His Long Portfolio youtu.be/NERglanBMIk via YouTube

BTC is at All-Time-High, in ARS. Ash's right and it's a profound fact for all of us.

Just in case you still think Tucker Carlson is capable of even being adjacent to something that isn’t Russian propaganda or outright lies…

Happy 70th birthday, President Xi Jinping.

Frustrated Women Demand Trans Women In Public Restrooms Stop Leaving The Toilet Seat Up buff.ly/361ZFFk

Anyone paying attention to the U.S. Dollar funding crisis emerging in Hong Kong? Overnight HIBOR has moved from just under 2% earlier this month to 5.5% today (Which is 50bps above USD overnight rate)! The end of HKD peg is nigh… #HKD #HongKong #CurrencyWatchlist #Crisis

China is literally buying USD hand over fist right now to reign in their offshore currency (which is not even a free floating currency) They are literally losing control

Just the Facts About the US Economy youtu.be/zmlq5dl7fJ8?si… via YouTube