Bonds sold off worldwide. The US 10Y hit a 19-year high near 5.27%, the 30Y went to its highest in more than two decades, and UK and Japanese bonds hit their highs of the last 17 to 30 years. Most western nations following the same trend. Gold (-3.4%) and silver (-5%) fell with them. Financial Times notes oil and the 10Y are the most correlated in 36 years, while Bloomberg notes midday Iran headlines are losing their potency.
Editor’s note: Iran conflict slips into fake and gay status with leaks and lies from all sides. I’ll poast about it again when something actually happens.
Russia will extend its export ban through October, per TASS. US diesel is up 100%+ from its January low. TotalEnergies' CEO calls a US diesel export ban "a bad idea" and says Europe would then have to release its reserves.
Saudi oil export revenue has risen from $150bn to $210bn+ a year, because higher prices more than offset lower volumes. Well thank goodness BIG OIL is thriving…
Ukraine: the National Academy of Sciences building was hit and crews are searching for trapped people. A pharmaceutical company and gas stations in Kiev and a business center in Dnipro were also struck. Air-raid sirens have sounded on 100 of the last 119 days.
Russia says they are destroying Ukrainian telecom due to military links. Fun fact from Simplicius: “Recall that ex-CIA head Mike Pompeo was given a directorship at KyivStar (largest cellular provider) for unknown reasons, presumably as it gave the CIA a direct control pipeline into Ukraine’s internet and mobile data, allowing the control, blackmail, and surveillance of anyone in the country.”
Black Sea: Ukraine's agriculture minister sees "no positive signs" on a ceasefire. Russia has "rejected all of the proposals". Russia learned their lesson concerning clown-world ceasefires.
UAE state media confirms bin Zayed received Netanyahu. The UAE had previously denied his March visit. The heads of Mossad and Israel's National Security Council came with him. C’mon UAE, you have to know with jews you lose.
Two different reports from UAE and Egypt bolster the position that the Oct 7 attack on Israel was known about by multiple sources and that Netanyahu specifically suppressed the info for his own political purposes.
Anthropic's prospectus shows $4.6bn revenue against an $8bn operating loss. About a quarter of revenue comes from two customers who aren't locked into long-term contracts. Don’t worry, regulatory capture will fix all of this…
Oracle situation worsens: a junk downgrade is "not if but when". That would push about $120bn of debt from investment grade to junk. The market is implying Project Jupiter won't happen. Unlucky Larry…
US data centres need 97GW in 2026-28, against 21GW under construction and 19GW of grid capacity available. Don’t forget we’ve all got to switch to electric vehicles as well…
Pentagon breach: the personnel database exposed Social Security numbers and job details. Well ain’t that a damn shame…
Judge originally sealed Colombine tapes until 2027, now it comes to light that they’ve been destroyed. AC’s take: “Accounts of the time recounted them being exposed to relentless bullying, which I now associate with domestic surveillance in the schools. One was on psychotropics courtesy of a ‘therapist’ and both exhibited that classic MK Ultra windup toy trait of self-terminating the moment law enforcement showed up on scene. It is possible those tapes contained them recounting things damaging to the conspiracy, perhaps even revealing people involved from the local network.”
In a somewhat related story, NPR conducted a 3 month investigation in 2018 and determined they could not confirm that over 95% of reported school shootings ever happened. Inflating the numbers to bolster the case for gun control.
US cattle slaughter fell 16% in one day as the immigration crackdown gutted the Kansas meatpacking workforce. I’ll gladly pay more in exchange for having them gone.
Headlines are shitty, here’s a little timeline cleanse to offset the negativity (notice they’re all White)
