Notes in the Margin

The continuing bear market in bonds is not helped by Trumps repeated calls for more monetary inflation. 

The news comes after Elon Musk lowered expectations of the group’s savings from $1 trillion to $150 billion by the end of the fiscal year.

Palestinian Christians are denied the basic right to travel and visit sites owned by Christians long before the State of Israel ever existed. 

Elections suspended again. After abolishing the freedom of religion and the freedom of speech. To save "democracy."

CIA pal Thiel's "entrepreneurship" mostly involves lobbying for gov't contracts. And then using that money to build the surveillance state. 

Federal bureaucratic parasite Anthony Fauci said covid came from people eating bats. He was lying. New report shows covid origins in US-funded lab.

The U.S. gov has approved $17.9 bln for Israeli military operations in Gaza and elsewhere since Oct 7, substantially more than in any other year since the U.S. began granting military aid to Israel in 1959.

ECB cuts rates on weak growth, markets bet on more easing: The Fed is addicted to easy money, but the European central bank is even more addicted. 

Zillow, which is famously bullish on housing prices, is now projecting that U.S. home prices will fall 1.7% between March 2025 and March 2026. 

April 2025 Manufacturing Business Outlook Survey: "The index for new orders also fell sharply, from 8.7 in March to -34.2 this month, its lowest reading since April 2020."