Like magic, Iranian oil vanishes mid-sea, and the tanker returns to Iran empty!

Granny has flown Southwest Airlines to A-list Preferred status for several years, and Grampy has Companion Pass status. This is not good news. Even a butterscotch won’t help, sorry dearies 🍬

Quite a speech, AND he’s a dapper one, that Mr. Hanke ☺️

Trump’s new tariffs aren’t a trade tweak—they’re the first move in a full-spectrum reset. $9.2T in debt matures in 2025. Inflation lingers. Alliances are shifting. One announcement just set a dozen wheels in motion. Here’s what’s really happening—and why it matters 🧵

Pundits are claiming this to be a ‘self inflected wound’ by Donald Trump and pointing fingers at ‘stock market vigilantes’ (who don’t exist but a nice soundbite). But let’s just be honest with each other that this is what happens when everyone is “all in” at the same time, never

zerohedge No yuan saw this coming today

Maybe one of these years, the dearie will get a chance to try something different for a change 🍬

Think it’s too late to have one of the grandkids open up a forex account for me to get in on some of this #yuan action?

Alright, I think people knew of the tariff pause and traded it beforehand. You can see before Trump posted "buy" on Truth Social, traders opened $QQQ $TQQQ and $SPY calls RIGHT BEFORE THE NEWS, someone opened $SPY 509 calls, expiring TODAY!!!!!!!!!!!!!!!!!!!! Those calls are

It’s obvious that people were tipped off about Trump’s announcement and made a killing off it. Crimes are being committed in broad daylight.

Tariff Game

Watching the fintwit crowd search for the whodunnit in the bond selloff is more exciting than ANY of my soaps ever were. Grampy just can’t understand why I’m glued to X these days, and when I mumble Japan reverse carry trade, his eyes glaze over… 🍬

Worth reading the three screenshotted posts...

Basis Trade Unwind getting attention - problem is the market action and internal data doesn't suggest there's been seismic shifts... see our latest note on the Bloomberg Terminal for more... blinks.bloomberg.com/news/stories/S…

One of the craziest parts of this so-called trade war is the blameshifting. Yes, other countries have taken advantage of the US. But where did that start? It started in the board rooms of publicly traded companies. Engineering globalized trade was a corporate-led endeavor.

The overarching goal was simple: enhance profitability while keeping prices low. This helped to extend the debt-driven overconsumption cycle in the US. Allowing consumers decades of additional materialistic largess. All to help pad the margins of supranational corporations.

Hehe naughty dearie 🍬