PetroChina has told traders not to buy or trade Venezuela’s oil - a trade that is now under U.S. control after the capture of Nicolas Maduro.

Schiff dismisses that idea outright, claiming that a Bitcoin strategic reserve is really just a “Bitcoin bailout fund,” trying to use taxpayer money...

"There's another beautiful armada floating beautifully towards Iran right now."

Ueda highlighted spring price data and greater confidence in the outlook as relevant for the policy path however we think April is the most likely meeting for the next hike.

Here we go... again...

"We’ve made substantial progress..."

One of the largest private holders of bitcoin, Tether, has formally entered the U.S. regulated stablecoin market with the launch of USA₮, a dollar-backed token issued under America’s new federal stablecoin framework...

"American higher education has a trust problem..."

"A failure to deliver in gold will immediately spill over to the credit markets because gold is truly the anti-dollar or the anti-US Treasury..."

"Every team is using it..."

Dollar: Most Oversold Since August 2020

Braaaains... (or tax dollars will do)

What's going on here?

"Because the fear is not just that Donald Trump has done this, it's that the next person could come in and be equally unpredictable in a completely different way."

 

Dissenters from the official narrative were blacklisted and booted. The tools censors used aren’t going away...

SNAPSHOT: Equities up, Treasuries steepen, Crude up, Dollar down, Gold up REAR VIEW: Trump doesn't think the dollar declined too much & not concerned about the decline; Consumer Confidence hits 12yr low; Richmond Fed Mfg shows slight uptick, albeit still negative; Trump raises tariffs on South Korea; Japanese Finance Minister said to take appropriate steps on FX in coordination with the US; Healthcare insurers hit on upcoming proposal to keep Medicare rates to insurers steady; LMVH tops earnings expectations; Average 5yr US auction. COMING UP: Data: Australian CPI (Dec), German GfK (Feb), New Zealand Trade (Dec). Events: Fed Policy Announcement, BoC Policy Announcement, BCB Policy Announcement. Speakers: ECB's Elderson, Schnabel; BoC's Macklem; Fed Chair Powell. Supply: Japan, Germany, US. Earnings: Microsoft, Meta, Tesla, Lam, ServiceNow, IBM, GE Vernova, AT&T, Starbucks, VF Corp, Danaher, ASML, Volvo AB

"Another day, another weather update! The last week has been among the busiest I've had in my career so far." 

In a bloc-based world, key commodities are strategic assets and their clearing price increasingly includes a premium on the security of supply..

Everything we read articulates the bear case for humanity because of how America is now operating... What’s odd is that implied volatility for stocks and bonds remain low...