Canada Unemployment Spikes;
Canada’s unemployment rate rose to 6.9% in April. Higher prices from the US-Israeli war on Iran caused considerable damage. In addition, the goods-producing sector, most exposed to US tariffs, lost a WHOPPING 26,800 jobs. TRUMP'S ECON POLICIES = A MASTERCLASS IN MAKING ENEMIES. https://t.co/fvDWnuN3oy
War’s Environmental Toll: Largest Oil Spill Since Conflict
Reuters reports the LARGEST oil spill since the US-Israeli war on Iran began, covering dozens of square kilometers near Kharg Island. Interesting that environmentalists rarely raise their voices to OPPOSE WAR — THE GREATEST ENEMY OF THE ENVIRONMENT. https://t.co/g3ud6XBwn6
US Stock Market in Bubble Territory, Yield Spread Confirms
My view in @beincrypto on how the US stock market is OVERPRICED, OVERVALUED, and OVERHYPED: “My Bubble Detector says the US stock market is in bubble territory. So does the bond-stock yield spread. Buckle up.” https://t.co/EIcTSXkcsw
PBF Refinery Blast Highlights Hanke's Theory of Chaos
Today, a MASSIVE explosion and fire erupted at the PBF Energy Refinery in Chalmette, Louisiana. Just more confirmation of Hanke's Schoolboy Theory of History: It's just one damn thing after another. https://t.co/cowyczjfqM
Tariffs and War Drive US Sentiment to Record Low
The University of Michigan's consumer-sentiment index dropped to an ALL-TIME LOW. TRUMP'S TARIFFS & WAR MADNESS = CRUSHES AMERICAN SENTIMENT. https://t.co/DHKLYvmp7D
McDonald's Faces Price Pressure Amid US‑Israeli Iran Conflict
The Financial Times reports that McDonald's is set to face PRICE PRESSURE as a result of the US-Israeli war on Iran. MCDONALD'S AND BIG MAC-ERS SHOULD SEND A BILL FOR DAMAGES TO TRUMP & NETANYAHU. https://t.co/7lsDYu36St
US Stock Market Shows Bubble Signals, Yield Spread Confirms
My Bubble Detector says the US stock market is in bubble territory. So does the bond-stock yield spread. Buckle up. https://t.co/6ZhjdNX6mH
Turkey's Inflation Likely to Ease, Says Leading Metric
#TurkeyWatch 🇹🇷: Turkey’s CPI inflation stands at 32.37%/yr in April. Today, my high-frequency inflation measure is 20.83%/yr — well below the official rate. My measure always leads the official measure. That suggests that Turkey’s inflation will moderate in the coming months. https://t.co/gzVHqiPVDx
Cuba Ranks 40th Most Miserable Amid Soaring Inflation
In Hanke’s 2025 Annual Misery Index in @FortuneMagazine, Cuba ranks as the 40TH MOST MISERABLE country in the world. This is thanks to their SKY-HIGH inflation at 29.1% and weak real GDP growth per capita. https://t.co/2Aw1eztfIQ
Thailand Ranks 3rd Happiest with Low Misery
In Hanke’s 2025 Annual Misery Index in @FortuneMagazine, Thailand ranks as the 3RD HAPPIEST COUNTRY out of 178 countries. This is thanks to their low unemployment and inflation paired with stable real GDP growth per capita of 2.5%. THAILAND = LOW MISERY...
Rial Rebounds Sharply From Lows Despite 10‑day Decline
The Iranian rial’s performance over the last few days: 1. Today, depreciated 0.5% against the USD. 2. Appreciated 9.1% vs. the USD from all-time lows 3 days ago. 3. In the last 10 days, depreciated 9.5% against the USD https://t.co/RcBXFmfctl
Freeman Labels Trump's Iran War a Disastrous Folly
Former US Ambassador Chas Freeman on Trump's FOOLISH war of choice in Iran: “This Iran war is our Syracuse expedition… an equally foolish military adventure that is going very badly.” https://t.co/97GMSzevNi
Russia Sells Ruble, Buys Yuan to Curb Appreciation
Since the US-Israeli war on Iran, oil prices have SURGED & so has the value of the Russian ruble. To prevent the ruble from excessive strengthening, Russia is SELLING the ruble & BUYING foreign currency, primarily the Chinese yuan. https://t.co/zThMoq7cun
Milei's Dollarization Needed to Tame Inflation
As I’ve said since day one, if Milei failed to dollarize Argentina, he wouldn’t be able to control inflation. INFLATION = MILEI’S ACHILLES' HEEL. https://t.co/Fhu9f7yOmX
US Crude Stocks Plunge 8.1M Barrels; Stay Long Oil
During this past week, US crude oil inventories fell by a staggering 8.1 million barrels. STAY LONG OIL. https://t.co/JNDz5oEds3
Iran Will Endure Punishment, Won’t Back Down
Distinguished UChicago Prof. John Mearsheimer on Muhammad Ali's ROPE-A-DOPE strategy: “People can talk about bombing Iran and inflicting punishment on them, but the problem is that the Iranians will absorb the punishment. They’re not going to quit.” https://t.co/ZEgEs77zXX
Oil Shortages Looming: Europe by May, US by July
Distinguished economist & commodity market guru Jeff Currie on when oil shortages will hit: "Parts of the world like Australia, Philippines, Thailand already are [in a shortage]. Europe will hit tank bottoms sometime in May. In the US it will be...
Brazil Ranks 19th Most Miserable Amid Soaring Inflation
Not surprisingly, in Hanke’s 2025 Annual Misery Index, Brazil ranks as the NINETEENTH MOST MISERABLE country in the world. This is thanks to high inflation and punishing borrowing costs. https://t.co/NdURF6LByk
Commodity Supercycle Begins: Bloomberg Index Up 28%
The Bloomberg Commodity Index has reached over 140 points. The index is now up 28% this year. As I’ve said, "We're entering a commodity supercycle. You want to be long commodities.” https://t.co/up5X1itoJL
Ukrainian Drones Strike Deep, Hit Perm Oil Facility
Ukrainian drone strikes hit DEEP into Russian territory again. This time, Ukraine hit one of its favorite targets: an oil facility in Perm. https://t.co/cX1kGfxId7
Trucking Can't Fully Substitute Iran's Maritime Trade, Experts Say
My take in @RFERL on Iran's alternate trade routes: Iran’s alternative trucking routes can supply the Iranian economy, but “cannot replace a maritime container economy one-for-one. Trucking is more expensive and Caspian throughput is constrained by port and fleet capacity.” https://t.co/gRybziaMHm
India Hikes LPG Price 48% Amid Middle East Conflict
#IndiaWatch🇮🇳: India just hiked the price of the 19kg commercial LPG cylinder by ₹993. That’s a STAGGERING jump of almost 48% since the start of the US-Israeli war on Iran. RESTAURANTS AND CATERERS SHOULD SEND A BILL FOR DAMAGES TO TRUMP...
US-Israeli Conflict Cuts India’s Airline Capacity 22%
#IndiaWatch🇮🇳: Thanks to the US-Israeli war on Iran, India’s airlines are getting SQUEEZED. Air India's international capacity fell 22% in April from a year ago. AIR INDIA SHOULD SEND A BILL FOR DAMAGES TO TRUMP & NETANYAHU. https://t.co/gGIU65FEcV
Kuwait
Kuwait has just been forced to shut down its oil production. If that isn’t bad enough, since the Global Financial Crisis, Kuwait's economy has tanked. Turkey's has boomed. Contrary to WESTERN PROPAGANDA, Iran's did not collapse, prior to the US-Israeli attacks. https://t.co/hAxr8nZzj1
Rupee Hits Record Low Amid US‑Israeli Iran Conflict
#IndiaWatch🇮🇳: Thanks to the US-Israeli war on Iran, yesterday, the rupee reached a new ALL-TIME LOW to ₹95.43/USD. It all brings back one of Oscar Wilde’s most famous lines: “The chapter on the Fall of the Rupee you may omit. It...
Deadly Blast Hits Kazakhstan’s Largest Multi‑Metal Plant
Yesterday, a DEADLY EXPLOSION rocked Glencore’s Kazzinc plant. It's Kazakhstan's largest producer of zinc, lead, copper, gold, and silver. Just more confirmation of Hanke's Schoolboy Theory of History: It's just one damn thing after another. https://t.co/fWJMVUFSm2
Brazil's Money Supply Outpaces Golden Growth, Fuelling Inflation
#BrazilWatch🇧🇷: Brazil's CPI accelerated to 4.1%/yr in March. Brazil’s M4 is growing at 10.8%/yr. That is ABOVE Hanke’s Golden Growth Rate of 7.1%/yr, a rate consistent with hitting its 3.0%/yr inflation target. INFLATION STORY = A MONEY SUPPLY STORY. https://t.co/ayWWLxT21X
Mearsheimer: Trump's Iran War Choice Guarantees Defeat
Distinguished UChicago Prof. John Mearsheimer on how Pres. Trump’s WAR OF CHOICE in Iran FAILED ON ALL COUNTS: “This was a catastrophic decision. We are going to lose this war in a very clear way. It’s going to be a devastating...
Wealth Tax Seen as Economic Wrecking Ball, California Proposes One
The socialist republic California has proposed a 5% tax on billionaires. Amazing. ALMOST ALL the welfare states in Western Europe have recently abolished wealth taxes. WEALTH TAX = ECONOMIC WRECKING BALLS. https://t.co/vLIpu6f7GO
War Dragging Pushes Global Pivot Toward China, Russia
My view on @soarfinancial on the REAL WINNERS of the US-Israeli war on Iran: "The longer the war goes & the more pain that's imposed around the world, the more people are going to PIVOT towards China & Russia... The US...
Shipping Firms Doubt Trump's Project Freedom; Iran Controls Hormuz
The New York Times reports that shipping companies have ZERO confidence in Pres. Trump's Project Freedom. Contrary to Pres. Trump's statements, CONTROL of the STRAIT OF HORMUZ is in IRAN'S HANDS and will probably remain so. IRAN REMAINS LOCKED AND LOADED. https://t.co/HOyQSr31S1
Iran's Retaliatory Power Threatens Gulf Infrastructure, Says Sachs
Distinguished Columbia Prof. Jeff Sachs on Iran being locked and loaded: "Iran maintains extensive retaliatory capacity, drones and missiles. It doesn't take many to destroy the physical infrastructure of the Gulf region. The idea they're protected by an iron dome is...
Trump’s Iran Gambit Becomes Historic US Strategic Defeat
It’s becoming clearer with each passing day that Trump’s military misadventure in Iran will be one of the greatest strategic defeats in US history.
UK Long-Term Borrowing Costs Reach 1998 High
UK long-term borrowing costs hit their HIGHEST LEVELS since 1998. RUSSOPHOBE STARMER IS CAPTAINING A SINKING SHIP. https://t.co/BBGoJG8ZMz
Pakistani Debt Soars 55% in Four Years
#PAKWatch🇵🇰: Pakistani debt and liabilities are UP 55% in the last 4 years. PAK = MISMANAGEMENT = CAN’T COMPETE WITH INDIA. FREE IMRAN KHAN. https://t.co/214ychMmR8
China Tightens Global Port Control, Plays Long Game
The Economist reports that China has a TIGHTENING GRIP on critical ports AROUND THE WORLD. CHINA = KNOWS HOW TO CAREFULLY PLAY THE LONG GAME. https://t.co/OtRhEJQxj2
UAE's Glittering Image Masks Stagnant Economy and Corruption
Contrary to the media spinners, the UAE is NOT BOOMING. It’s a sunny place where a lot of shady characters reside. https://t.co/uUjCe5kFIJ
Israel Breaches Ceasefire, Kills 110 Lebanese in Days
Despite the April ceasefire, Israel CONTINUES to strike Lebanon. Lebanon’s Health Ministry reports 110 Lebanese have been killed in the past four days. ISRAEL = BREAKS CEASEFIRES WITH RECKLESS ABANDON = A REIGN OF TERROR. https://t.co/e7AlHdD0KE
War‑Driven Fuel Surge Pushes US Airline Fares Up 24%
Thanks to US-Israeli war on Iran, jet fuel prices have more than doubled. Domestic US fares have SOARED by 24%, and international fares have SURGED 50% since Jan. 5. AIRLINE PASSENGERS SHOULD SEND A BILL FOR DAMAGES TO TRUMP & NETANYAHU. https://t.co/aeXlO0ZxmJ
China’s New Law Forces Firms to Defy US Sanctions
My take in @FortuneMagazine on China BUCKING US sanctions: "This is a move with teeth. Until last weekend, Beijing’s statutes were a paper tiger. With the issuance of Announcement No. 21, that changed, when Chinese were ordered to ignore US sanctions." https://t.co/EvWcJGEjHO
Market Bubble Likely to Burst with Policy Tightening
My take on @soarfinancial on the STOCK MARKET BUBBLE: "The market is in BUBBLE TERRITORY so it's vulnerable for a TAKEDOWN... The only thing we know with some certainty is that when the popping occurs, it usually is associated with central...
Coinbase Trims 14% Staff as AI, Crypto Slump Bites
Citing the impact of AI and the digital asset downturn, crypto exchange Coinbase plans to cut 14% of its workforce. BITCOIN = HIGH SPECULATIVE = NO FUNDAMENTAL VALUE. https://t.co/sMUa3HBqR9
Nigeria Ranks 37th Most Miserable Amid Soaring Inflation
In Hanke’s 2025 Annual Misery Index, Nigeria ranks as the 37TH MOST MISERABLE country in the world. This is thanks to high inflation and steep borrowing costs. Pres. Tinubu = ARROGANT, CORRUPT, & INCOMPETENT. https://t.co/poNAxRjOlJ
Milei’s Approval Plummets as Inflation Stays Sky‑high
Milei's approval ratings fell to the mid-30s this month. If that’s not bad enough, confidence in Milei's administration plunged for the fourth consecutive month. Argentina’s inflation remains OUT OF CONTROL at 32.7%/yr. MILEI’S FAILURE TO CRUSH INFLATION PUTS HIM IN THE TANK. https://t.co/x1LOiHlZ9P
Accelerating Money Supply Drives Recent US Inflation Spike
My take on @soarfinancial on RISING US INFLATION: "US CPI jumped from 2.4% in Feb. to 3.3% in Mar. That DIDN'T SURPRISE ME because the money supply has been ACCELERATING for the last 18 months. When that happens, with a lag,...
Sachs Warns US‑Israel Iran Escalation Will Devastate Global Economy
Distinguished Columbia Univ. Prof. Jeff Sachs on the RE-ESCALATION of the US-Israeli war on Iran: "It seems like the US, and especially Israel, are determined to go back to war. This will be absolutely catastrophic for the global economy." https://t.co/XFgVDhCI13
Dollar Remains Unrivaled; Alternatives Lack Appeal
My take on @soarfinancial on the 'de-dollarization' narratives: "The US dollar just DOMINATES EVERYTHING in the financial sphere. There just aren't any alternatives out there that are very attractive." LET'S FACE IT: THE USD IS THE BEST DIRTY SHIRT AROUND. https://t.co/Rtj6bTsKBc
US Strike Kills Two on Caribbean Drug Boat
SEC. OF WAR HEGSETH'S DEPARTMENT OF WAR IS BACK AT IT AGAIN. Last night, the US carried out a strike on an alleged drug boat in the Caribbean. TWO PEOPLE WERE KILLED. https://t.co/cQrI82299g
World Bank Predicts 76% Silver Price Surge by 2026
The World Bank projects that on average, silver prices will be 76% higher in 2026 than they were in 2025 average. STAY LONG SILVER or GET LONG. https://t.co/YrIRX2T0EV
Imran Khan's Imprisonment Triggers $2B Export Loss
#PAKWatch🇵🇰: Since IMRAN KHAN'S ILLEGAL IMPRISONMENT, Pakistan's exports are DOWN $2 BILLION. Under the rule of PM Sharif, PAK has descended into an economic nightmare. PAK’S MILITARY RUNS THE SHOW = ECONOMIC NIGHTMARE. FREE CAPTAIN PAKISTAN. https://t.co/c9msFFviC5