Independent thinking for complex markets and current events
‘This is it, the day we all dreaded, a milestone in Britain’s descent into collectivism of the most repugnant kind. We have just witnessed a monstrous Budget delivered by the worst Chancellor in living memory, an obscene mix of untruths and delusion, a farrago of bile, envy and nastiness that will vandalise our economy and …
What happens to assets when AI eliminates half of the jobs? They stop performing. They deteriorate. Their value drops. “AI could eliminate up to 50 percent of all entry-level white-collar jobs and push unemployment to between 10 and 20 percent in the next one to five years.” https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic Assets that rely on human hands—homes, cars, …
Positioning for a market downturn in 2025 has become more tactical than ever especially after June’s macro fireworks and the July 11 CPI print looming ahead. Equities hover near record highs while the 10-year Treasury yield has climbed to about 4.42 %. Some traders now split their risk between long duration bond ETFs and targeted inverse …
The federal Bureau of Prisons is permanently closing its “rape club” women’s prison in California and will idle six facilities in a sweeping realignment after years of abuse, decay and mismanagement. The agency informed employees and Congress on Thursday that it plans to shutter the Federal Correctional Institution in Dublin, California, and its deactivate minimum-security …
Try to get a clue just how bad your moral decay is, when MEXICO talks about your moral decay. “MEXICO CITY — Mexico’s leader has some advice for the United States. Take better care of your kids. Try more hugs. Cut down on the drugs and guns. Keep your cops, troops and spies off our …