@pedersenko.bsky.social
$WTI near $100. The IEA just drained one-third of global emergency reserves. That covers 20 days of lost Hormuz supply. Then what?
Oil above $100. Payrolls at -92K. Wages still rising. Rising costs. Falling employment. Sticky inflation. The last time all three aligned was the 1970s. History doesn't repeat, but it sure rhymes.
February payrolls: -92,000. Wall Street expected +50,000. 3-month average: +6,000 jobs per month. The economy needs 100,000+ just to tread water. December revised to -17,000. Third negative print in five months. The labor market isn't softening. It's cracking.
Oil priced in yen has super-spiked. Japan imports 94% of its crude from the Middle East. The BOJ is trapped. Yen weakening. Import costs exploding. The reverse carry trade isn't a theory anymore. It was always about oil.
Every Republican since Eisenhower has increased the deficit. Every Democrat since Carter has decreased the deficit.
Thanks to sky-high equity markets, the wealthiest 10% of American households are fueling nearly half of all US spending, masking weaknesses among low- and middle-class families.
S&P estimates that tariff costs to companies this year will reach $1.2 trillion, with consumers absorbing more than half of the impact.
So this is the result of Biden’s and Trump’s administrations combined: www.reuters.com/world/europe...
Putin says Russia stands with China against 'neo-Nazism'
Russian President Vladimir Putin thanked Chinese President Xi Jinping for joining celebrations to mark 80 years since the "sacred" victory over Adolf Hitler in World War Two, and said the two countries stood together now against "neo-Nazism".
reuters.com
In Canada, our history books refer to Liberation Day as May 5, 1945, the day when the Netherlands was finally liberated from Nazi occupation through the hard work, courage and great sacrifices of Canadian and other Allied soldiers. #LestWeForget 🇨🇦🇳🇱
“.. bookings are down over 70% every month through the end of September..” 🇨🇦
(CNN) - Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach during driving .. @cnn.com $TSLA www.cnn.com/2025/03/20/b...
WARNING 🚨🚨: Fund Managers just rotated OUT OF U.S. Stocks at the fastest pace in history
From: Journalists flock to Bluesky as X becomes increasingly 'toxic.' By www.nbcnews.com/tech/rcna181...
Wow. On Nov. 5th, Threads had five times more daily active users in the US than Bluesky. Now, Threads is only 1.5 times larger. I can see why Meta is freaking out now Story: www.ft.com/content/e1b5...
Many of us have seen this figure, which shows the dramatic increase in sea-surface temperatures, breaking historical records. Looks scary. However... Short🧵 1/5
