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paulriz504.bsky.social
Millennial (passive) dividend focused investor I have become the joker. Nihilism for the win. Be prepared when it crashes again.
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NEW from @nytimes.com: A bone-chilling account. A Venezuelan man detained alongside the 238 sent to El Salvador on March 15 seems to have disappeared off the face of the earth. His name isn't among the names of those sent to CECOT that day and no one spotted him among those men. He's just... gone.

I feel like we need to keep saying this because it’s so insane: This is a legal U.S. resident who has been detained for over a month now for his political opinions.

“We have to sacrifice the most fundamental things about America—literally its most essential guarantee of liberty—or we won’t have a country anymore.”

incredible -- Tammy Bruce spends two minutes on Fox denouncing the NYT for reporting about Trump's plans to slash the State Dept, but then in the next breath broadly confirms their reporting

sure what the hell. Announce thirteen billion percent tariffs next. 73 quintillion percent. eleventy gabillion percent. 29 brazillian percent. 35 dodecagorillion percent. who cares.

Almost every line of this story would have been simply unbelievable a few months ago: —Pioneering cancer researcher; —*Arrested* at airport in Boston; —Now indefinite ICE detention in Louisiana; —"Crime": not declaring some frog-embryo samples for research. Read it. www.nbcnews.com/news/us-news...

More than 20 people feared killed in militant attack in Indian Kashmir, TV channels say reut.rs/4ip9IqP

"We did not make a mistake" -- Leavitt on a deportation that the administration has admitted was a mistake

From the Financial Times. China is right to worry about other countries imposing restrictions on its exports. There is quite a bit of concern around the world, and especially in advanced economies, that China will divert the goods it can no longer export to the US due to the… 1 of 2

Current portfolio I am exposed to the whims of the mad king. Market is pricing in a pretty dire scenario which on the ground currently is non existent. 6 months out I am sure it plays out but the fed is forced to intervene at that point. Riding the roller coaster now.

What's funny about the latest Pete Hegseth chat scandal is that the timeline makes it extremely clear who provided the New York Times with this information. They're not even trying to hide it.

China warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiraling trade war between the world's two biggest economies reut.rs/3YDKPRc

"Stories about Musk nearly always note that neither Musk nor his representatives responded to requests for comment. And reporters say it’s difficult to know who is handling Musk’s media — the White House, his personal staff or Musk himself," writes Hadas Gold | Analysis

Andry Hernandez Romero, the Venezuelan makeup artist sent to a notorious Salvadoran prison, claimed asylum in the US because he was persecuted as a gay man. Chris Van Hollen met in El Salvador with Kilmar Abrego Garcia. Andry lived in San Diego—why hasn’t Alex Padilla or Adam Schiff met with him? 🤨

So status check on the economy: 1. Zero trade deals, all trading partners hate us or boycotting 2. Fed stuck 3. Consumer surveys in the ground 4. Q1 earnings good so far 5. On the ground consumers still doing normal stuff 6. No job losses that I can see 7. Freight done for

From Craig Fuller: Domestic freight out of LA is at the weakest levels (seasonally adjusted) it has been since 2020. Up till now, the "Liberation day tariffs" have not been a factor in declining volumes out of S. Cal. It is going to get worse. #EconSky

Your friendly reminder that it is literally a federal felony punishable by up to five years in prison for the President, Vice President, or any employee of the White House to directly or indirectly ask the IRS to open an investigation into any specific taxpayer.

S&P 500 coming in for a test of its 200-week moving average 🚨 This has held as support for the last 15 years with the lone exception of a wick down during the Covid scare. Circle 4700 as a critically important level to watch for the $SPX

Who could’ve foreseen that it would be a disaster to put an unqualified Fox weekend host with a drinking problem and sordid personal history in charge of the military

Q: "How do you respond to Governor Newsom?" Sen. Van Hollen: "I think Americans are tired of elected officials or politicians who are all finger to the wind...Anybody who can't stand up for the Constitution and the right of due process doesn't deserve to lead."

VC’s attacking higher ed -> Trump squeezing higher ed funding -> universities sell PE holdings to fund their operations -> VC fundraising dries up

Fund Manager U.S. Stock allocation just had its largest 2-month decline in history after falling to 36% underweight 🚨🚨

BREAKING: SCOTUS orders the government not to remove from the country, for the time being, any of the individuals slated for possible deportation to El Salvador. The vote is apparently 7-2, with Justices Thomas and Alito in dissent

www.thefarce.org/why-is-no-on...

The last 24 hours in Trump world. -Slapped down by Supreme Court re Alien Enemies and shipping more prisoners w/o due process - Lost ruling re Trans military - Folded to Harvard - Japan leaves with no trade deal - most of Hegseth’s team quit or fired Other than that how’s the play Mrs Lincoln?

Do you guys understand what would happen for the markets if Trump just shut up for ONE DAY Just shut up Who in the hell wanted this? Why did Wall Street support this moron?

The freight guys have really started freaking out over the past 48-72 hours:

With inflation progress slow, Fed's Daly says rate cuts may need to wait reut.rs/3GhLzFj

INCREDIBLE opinion by Wilkinson refusing to stay Judge Xinis's orders in the Abrego Garcia case, condemning DOJ's arguments as "shocking not only to judges, but to the intuitive sense of liberty that Americans far removed from courthouses still hold dear." storage.courtlistener.com/recap/gov.us...

How do you say money illusion in Turkish? Coming soon to a nominal stock boom near you?

CLOWN SHOW

The IRS will be on its fifth Commissioner since January. It turns out that the new acting Commissioner, announced 2 days ago, was selected by Musk. Bessent, the Treasury Secretary who oversees IRS, was not told. He persuaded Trump to reverse the decision. donmoynihan.substack.com/p/this-tax-d...

One would imagine at a certain point the voters would get tired of this. But then again people never cease to amaze.

I put a hold on Ed Martin’s nomination. He’s denied elections. Fired quality public servants. Attempted to chill free speech. Turns out he’s also carrying water for the Kremlin. So wholly unfit to be a U.S. Attorney.

US exporters see rise in canceled orders from Chinese buyers amid tariff standoff www.joc.com/article/us-e...

Absolute abuse of power and Republicans do nothing to stop him.

If what the capitulating law firms told the NY Times is correct, then they are the most incompetent lawyers in America. It isn't possible that they thought that they made a deal with Donald Trump and he was getting nothing and it would not come back to bite them.

Pam Bondi gets big mad at Janet Mills for accurately pointing out that there at most two trans athletes playing sports in Maine schools: "Shouldn't have said that, shouldn't have done this."

Bad time to be a FinReg guy, tbh

TICS shows a global flight from the dollar was very much not what happened in February. This is still too early to tell us much about what happened in April, but it's at least interesting color on a lag.

Bonkers chart from Canadian election polling.

Marco Rubio says that Americans living in Europe shouldn't ever have to face any ramifications for their political speech online. The chutzpah is jaw-dropping, as he is PERSONALLY trying to deport legal immigrants for their political speech in the United States.