"In the end, the party would announce that two and two made five, and you would have to believe it."

🚨*EJ ANTONI SUGGESTS SUSPENDING MONTHLY JOBS REPORT We tried warning all of you. Too bad you didn’t listen. Now enjoy the consequences.

CPI for prices that change infrequently (Atlanta Fed sticky price index) ex-shelter now running at 6% annualized

Trump DOJ, 5/29/25: The plaintiffs don't suffer any irreparable harm if the court stays its ruling against tariffs, because the government can always just refund everyone if we lose the appeal. Trump DOJ, 8/11/25: Just kidding. We can't afford to pay anything back if we lose!

There's something really on brand about a billionaire real estate developer wanting to put homeless people in prison instead of providing them homes.

For three years, European leaders have supported Ukraine with "too little, too late" – and now there is panic. Europe is on the verge of a nervous breakdown ahead of the Trump-putin summit in Alaska – The Economist Key points of the article: ➡️ There is outrage in Europe over

Supercore CPI increased by 0.48% m/m in July … one of largest gains this year and a break from prior months’ tame prints

UKRAINE STRIKES RUSSIA’S LARGEST CRUDE EXPORT PUMPING STATION Target: Major oil infrastructure near Russia’s border Potential disruption to crude exports Possible ripple effects on global energy markets

NEWS: Trump's pick to lead the Bureau of Labor Statistics, E.J. Antoni, was spotted in the crowd at the Capitol during the January 6th insurrection. The White House says he was a "bystander" who wandered over after seeing news coverage. (NBC News)

👀 Massie got a point

AS MANY KNOW, DONALD “TACO” TRUMP — AUTHOR OF THE ART OF THE "DEAL" (A BOOK HE SHOULD RETURN TO THE LIBRARY) — JUST MISSED THE BEST DEAL IN HISTORY. HE ALWAYS “CHICKENS OUT” (TARIFFS, CHINA) — BUT EVEN A “CHICKEN” SHOULD KNOW A GOOD “DEAL” WHEN HE SEES ONE. I, YOUR FAVORITE

BREAKING: July PPI inflation rises to 3.3%, above expectations of 2.5%. Core PPI inflation rose to 3.7%, also above expectations of 2.9%. Month-over-month PPI inflation is now at its hottest since March 2022. The Fed remains in a very difficult spot here.

Wholesale prices rose 0.9% in July, much more than expected

Donald Trump and Greg Abbott are going to have a very bad day today.

DONNIE J. AND KaroLYIN’ LEAVITT WILL HAVE THEIR (LITTLE) HANDS “FULL” TODAY. WHOOPS. I, GAVIN CHRISTOPHER NEWSOM, AMERICA’S FAVORITE GOVERNOR (MANY SAY), WILL HOST THE GREATEST PRESS CONFERENCE OF ALL TIME. AFTER THAT — “THE MAPS” WILL SOON BE RELEASED. VERY MUCH ANTICIPATED.

*TRUMP ADMINISTRATION SAID TO DISCUSS US TAKING STAKE IN INTEL Every single day, we devolve further into communism.

What does the Fed do here? - CPI inflation: Cold - Core CPI inflation: Hot - PPI inflation: Red hot - MoM PPI inflation: 3-year high President Trump has maintained his near-daily calls for 300+ bps in rate cuts. And, a new Fed Chair is about to be announced 8+ months in

This is unusual: At 3:41 PM ET today, someone bought 1,500 contracts of Intel, $INTC, calls expiring tomorrow for $0.05 each. At 3:43 PM ET, news emerged that the Trump Administration was considering a deal with Intel. The stock is now trading +10% higher on the news. Those

It looks like someone knew about the Intel, $INTC, possible government expansion. JUST BEFORE THE NEWS, LITERALLY TODAY, there were huge call volumes and premiums, with more calls trading at the ask than bid. $INTC has had several days in a row of consistent bullish flows. And

The jaws of stagflation are wide open, per Bloomberg: