US Foreclosure filing jump to 6 year high / China defies US sanctions / Jane Street / UST 30y 5.01% ! / Hormuz still focus
- sc0172
- 5 hours ago
- 3 min read
Iran update : The US and Iran exchanged fire in the Persian Gulf, jolting a fragile four-week-old ceasefire. The American military fought off attacks as it facilitated the passage of two US-flagged vessels through Hormuz. Donald Trump said the war may last another two to three weeks in comments to Salem News Channel, US intelligence indicates limited new damage to Iran's nuclear program, >>> Trump has boxed himself into a corner, blockade doesn't work, operation 'freedom' once again turns into an active war, so is the blockade really.. can't really win from a military point of view... he hasn't got any time, Iran has..same old..as discussed before, risk real shortages are kicking in now slowly but surely
Markets : EU will add new goods to the anti-deforestation law, including palm-oil-based soap and soluble coffee, RBA hiked as expected, Chevron’s CEO has just told the world that physical shortages in oil supply will begin appearing, Philippine April inflation print was nasty: 7.2% - highest in 3years, Prime Minister Mark Carney makes a VERY compelling case for a closer union between Canada and Europe >>> AI premium-valuations vs rest of the world in markets continues... looks way overdone (nothing really new!), looking for a correction in Mai though. JPY in play, could well keep USD on soft side too, PM's look relatively cheap again from here, Brent is still 105+
China helps Zimbabwe make history: First lithium sulfate produced on African soil
Swiss lawmakers seek to fast-track UBS capital decision as debate begins
Yesterday, China ordered its companies to ignore U.S. sanctions on Iranian oil, days before the Xi-Trump summit and in direct defiance of Treasury warnings >>> the era of U.S. financial bullying is over
The EU is in talks with Anthropic about getting the bloc’s companies and banks tested for any vulnerabilities identified by the firm’s Mythos AI model
Carney : “We are an energy superpower - the 3rd largest oil producer, 4th largest in natural gas, largest hydro renewable base. We’re committed to addressing climate change while providing reliable, affordable energy to our citizens and partners.... We’re here because of the moral and security imperatives of our cooperation...”
US Foreclosure filing jump to 6 year high, as more homeowners fall behind on mortgage payments, per WSJ. Foreclosure rates are up 26% YoY with Florida and Texas topping the nation — driven by rising property taxes, insurance costs and debt strain of US homeowners, per ATTOM
Politics In The U.K. on X: "Farage’s £5M gift — of which £800k was, by all indications, funnelled through his foreign national girlfriend to fund his Clacton house. https://t.co/UIhirszQpj" / X
Depressing but a lot of it is true if not most of it !! a little bit far fetched.. maybe but.. Ricardo on X: "This Wall Street insider just exposed the secret doomsday escape plans of AI billionaires. 1 in 3 billionaires has a fully funded plan to abandon civilization when things collapse. They meet their pilots at Oakland airport, board a Gulfstream 650, fly to New Zealand, and https://t.co/2AObQmLZyX" / X
Mario Nawfal on X: "🇺🇸 🇮🇷 Chevron's CEO just put it bluntly: oil shortages are starting, Europe is canceling flights over jet fuel, the U.S. is next on the price hike list. 77% of Americans already blame Trump for high gas. That number's about to get worse... https://t.co/ekELSxSAxS" / X
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