White House preparing order to allow stockpiling metals from Pacific bottom. You know our asteroid belt has more rare earths than anywhere. Prob not in my lifetime, but we will be attaching probes to asteroids digging into them and bringing back to earth rare earths in the future.
very sad state of affairs- https://www.nytimes.com/2025/04/04/dining/middle-class-restaurant.html https://finance.yahoo.com/news/end-casual-dining-chain-restaurants-000133828.html
It's expensive but this is the next place I'm trying out-- The chef Paul Carmichael at Kabawa.Credit...Clay Williams for The New York Times Opening Kabawa For Paul Carmichael, a native of Barbados, the Caribbean is the ultimate fusion region. “They have it all: Spanish, French, Dutch, English, Indigenous and some Asian,” he said, one afternoon at Bar Kabawa, the adjunct to his main restaurant in an alley off the Bowery. The bar with the green door and a list of daiquiris opened a few weeks ago. The blue door nearby leads to the open kitchen of the prix-fixe restaurant ($145, three courses)// Momofuku’s splashy new project at its former East Village tasting menu spot Ko is now open in full.Kabawa, the prix-fixe restaurant attached to Bar Kabawa (which debutedearlier this year) is now open Tuesday through Saturday, 5:30 to 10 p.m. Paul Carmichael, a Momofuku vet who leads culinary operations across the company, is in charge of Kabawa’s Caribbean-rooted menu. Diners pay $145 for three courses, which include choices like pepper shrimp spiked with sorrel, scotch bonnet, and thyme; cassava dumplings stewed in a Creole sauce; black bass with curry; and coconut and cream cheese turnovers for dessert.
The yield on the benchmark 10-year Treasury bond has risen a hefty 60 basis points over the past week. The question is why? Bond Vigilantes-? Or something deeper.
Kashkari said investors might be turning away from the U.S., whose deficit in goods trade Trump is trying to shrink. "There's a lot of complexity," the Minneapolis Fed president said, noting that the dollar also had been weakening. "Normally when you see big tariff increases, I would have expected the dollar to go up. The fact that the dollar is going down at the same time, I think, lends some more credibility to the story of investor preferences shifting."
What is troubling here is this combined move in US Dollar and Bond yields and the lowering of Earnings and lower Prices. The " E " is being lowered and the " P " S&P 500 earnings estimates are being revised downward, with analysts anticipating earnings growth to be weaker than initially projected. We started at a laughable 14% which I made fun of last year/ Now we are down to 11.2% Anybody here believe that? We will be lucky to get 8%+
That's optimistic stoney at 8%. here is the sobering word from Jamie. JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the uncertainty created by President Donald Trump’s trade negotiations. “Analysts have generally reduced their S&P estimate earnings by 5%,” in recent days, Dimon said. “I think you’ll see that come down some more.” Later Friday, Dimon specified that he expected analysts to slash their S&P 500 earnings estimates for growth of 5% to become flat and then as much as negative 5% “probably the next month.”
Hearing vague stuff about these damn leverage funds.. They should be abolished yesterday. Trump has his shoes made in China. And his watch. Why?
“The market is re-assessing the structural attractiveness of the dollar as the world’s global reserve currency and is undergoing a process of rapid de-dollarization,” Deutsche Bank strategist George Saravelos said in a note to clients Friday. TheS&P 500has now dropped 5.4% since President Donald Trump’s April 2 tariff announcement, with day-to-day moves that are drawing uncomfortable comparisons to infamous financial periods like 2008 and 1987. The drop over the past seven trading days comes after the stock market had already had a rocky start to 2025, and other major U.S. asset classes have also started to slide, including the dollar and Treasurys. “The big takeaway from this year, from the Trump presidency, from everything that’s happened, is that there’s a rotation out of the U.S. And obviously that’s become vicious now — with bond yields staying high and the dollar falling, it’s become the story. But that exodus started well before Liberation Day. ... U.S. is the bubble. U.S. All of it,” Marco Papic, BCA Research strategist, said Friday on “Squawk Box.” “A lot of our big companies that have great brands overseas are being discriminated [against] ... We have a big image issue right now,” BlackRock CEO Larry Fink said Friday on “Squawk on the Street.”