In education news, the once great Indiana University has turned its back on Western civilization and purged its traditional degree programs because the children of the barbarians don't enroll in them anymore

 A victory for the mouth breather, Marco Rubio, fellow servant of Mammon.

 

 

Good morning to all, except to those who cannot spell yesses and noes

 Alexander Bolton at The Hill here:

... The vote to proceed to the sprawling budget reconciliation package remained open on the Senate floor for more than three and a half hours, stuck for a long time at 47 yes’s and 50 no’s. ...

 

 

 

 

The weekend help has arrived early at Drudge lol

 

Trump Tax Bill Could Add Over $4,000,000,000,000 Trillion to Debt!

Four trillion TRILLION dollars! Now that's a lot of money!

 

 

 

 

Corvette chief engineer speak English goodier then evah

 

... “It brings performance, electrification and all-wheel drive to further enhance the unthinkable ZR1,” said Josh Holder, Corvette chief engineer. “It brings learnings from the ZR1 and the E-Ray, and combines them to create an unbelievable driving experience.” ...

Moar. 

Much of Trump's support comes from people with a libertarian habit of mind which insists that what is politically possible and what is perfect must be enemies of each other

 

 

 

 

 

 

 

 

 

 

 

 

Of course he isn't going full TACO, just half TACO with a twist.

Chinese students in America number under 300k annually. Communist Party membership/support will receive more scrutiny.

And helping Israel beat Iran doesn't mean being neck-deep in war.

But this gets traffic, which is the point for social media parasites. 

An AI-induced economic collapse is coming in one to five years on the heels of millions losing their jobs to AI and on the spending of those millions drying up

 The silent bloodbath that's tearing through the middle-class and rapidly flipping the US economy on its head

... This time, it's not blue-collar and factory workers getting whacked — it's college graduates with white-collar jobs in tech, finance, law, and consulting.

Entry-level jobs are vanishing the fastest — stoking fears of recession and a generation of disillusioned graduates left stranded with CVs no one wants.

College grads are now much more likely to be unemployed than others, official data show.

Chatbots have already taken over data entry and customer service jobs. Next-generation 'agentic' AI can solve problems, adapt, and work independently. ...

Dario Amodei, CEO of Anthropic, one of the world's most powerful AI firms, says we're at the start of a storm.

AI could wipe out half of all entry-level white-collar jobs — and spike unemployment to 10-20 percent in the next one to five years, he told Axios. ...

Critics say universities are churning out graduates into a market that simply doesn't need them.

A growing number of young professionals say they feel betrayed — promised opportunity, but handed a future of 'AI-enhanced' redundancy. ...

 

Well, if spending collapses those blue-collar and factory workers won't have anything to do either, now will they?

Prices for everything might very well reset much lower in a deflationary spiral.

Imagining being in charge of addressing all that.

TACO Trump strikes again

 Trump always chickens out, aka paper tiger, etc.

(June 2) Trump administration pauses Social Security benefit cuts over defaulted student loans

 Social Security recipients do not need to worry about their benefits being garnished due to their defaulted student loans, at least for now. The development is an abrupt change in policy by the administration, which had announced in April that it would be resuming collection activity on defaulted student loan borrowers. The Education Dept. had said that Social Security benefit offsets could begin as early as June.

(June 3) Deutsche Bank raises S&P 500 forecast on ‘TACO’ theory: ‘We will get further relents’

(May 29) 10 times Trump has threatened, then backtracked on, tariffs as 'TACO trade' jab gains traction

(May 31) Trump Raises Steel Tariffs To 50%—Here Are The 21 Times He’s Changed His Mind

(May 28) Trump was asked about the "TACO" trade and called it a "nasty question." Here's what it means.

(The guy who started TACO May 2) The US market’s surprise comeback, and the rise of the ‘Taco’ trade theory

... the US administration does not have a very high tolerance for market and economic pressure, and will be quick to back off when tariffs cause pain. This is the Taco theory: Trump Always Chickens Out. ...     

(June 2):

US extends tariff pause on some Chinese goods through to August 31

 

Populism means speaking fifty words of English: Pete Hegseth joins Marco Rubio in his own more welders, less philosophers moment

Take courage people!

You too can become populists just like Pete and Little Marco. Just get your degrees from Princeton and Harvard and the Universities of Florida and Miami.

 

 

Apparently some idiot in the White House fed Trump the $1.98 price of wholesale, unfinished gasoline as the price paid by consumers at the pump

... Trump repeated this inaccurate assertion about three $1.98 states at least three times this week. Then, during a commencement address at the University of Alabama on Thursday night, he used an even lower figure. ...

More.

 

LOL Stephen L. Miller puts his illiteracy in the headlines now

 Journalists gloss over. My eyes glaze over.

So embarrassing.

 

 

 

Nauguration lol, because it's the weekend help

 From Ken Griffin to ROBINHOOD: Donors Who Funded nauguration Revealed...

Week over week US Treasury yields in the aggregate popped 5.8% on net to an average 4.335% after declining for months from 4.5 to 4.0 and everybody's freaking out like this hasn't happened, what, six times now in the current era

Most of the pissing and moaning is from investors who pulled the bond trigger too soon, plowed into fixed income, and got burned badly because interest rates reasserted themselves.

The press this weekend is instead full of apocalyptic language about the Treasury market and the implications for America on a grand scale. It's complete rot and I'm ignoring it. It's all designed to pressure the Fed to lower their rate again.

The last time the Fed embarked on rate cuts is instructive. It was late September 2024. The average of the aggregate of the curve had fallen to just north of 4. Inflation rates seemed to be trending down. So the Fed cut, and voila! Treasury rates hilariously shot upward!

The burn was real.  

$TLT investors, who were down 4.76% in 2021, 31.41% in 2022, up 2.96% in 2023, went down again, 7.84% in 2024 as a result. Ouch.

They are back, itching again for a policy reversal like they have a flea infestation, so bad they are bleeding.

As things stand year to date, long term investment grade investors in VWESX, for example, are down 1.43%. It wasn't supposed to be this way, not again.

So everyone hates the bond vigilantes with the heat of 1,000 suns, and urges more imprudence.

Meanwhile in "cash" you go on making 4.3% or so, and in gold you have made a killing, while stocks reel under Trump's stupid tariff shotgun blasts which are wounding everyone in the field, including himself.

If the Fed had done a proper job against inflation by jacking up the Fed Funds Rate to meaningfully combat the core pce inflation rate of its average 5.35% in 2022 instead of going only where it did, which was 1.69% on an average basis, maybe we wouldn't still have this lingering inflation for the bond vigilantes to demand payment against. Core pce inflation hasn't moved materially off 2.8% in a year now, still much too high.

The bond market is "she who must be obeyed". She doesn't tell you everything you need to know, but she does tell you the most important thing.

But what the hell do I know. I'm just some punk keyboard warrior blogging in his underwear in the basement to the money men. So yippee-ki-yay, you earned it. Especially you Donald Trump, you complete ignoramus.

 

Donald Trump's dumb ass unemployment rate was 37.6% in 1Q2025

 

Just as 9.7 million of 43 million student loan borrowers become past due again, cars they can't afford to buy anyway soar in price due to tariffs, a one-two punch alienating the youth vote from Trump

 Over 9 million student loan borrowers past due after bills restarted, Fed estimates

... A new student loan delinquency can cause a borrower’s credit score to drop more than 150 points, the Fed warns.

Trump’s auto tariffs will likely push car prices up thousands of dollars

... The tariffs will kick in at midnight on April 3, and Trump has said they will be “permanent.” ...

#RecessionIndicator: Young Americans are losing confidence in the economy — and it shows online

... A spokesperson for Klarna acknowledged to NBC News that people needing to pay for meals on credit is “a bad indicator for society.” ...

Phhh, I go 25 times the sound of speed after one espresso

 Drink coffee, say stupid things faster.

Headlines to remain illiterate as before

 Wather forecasts may be less accurate due to govt cuts...

Esla sucks

 

Kremlin Karoline pretends Trump doesn't judge-shop

 

Karoline Leavitt: Concerted Effort By The Left To "Judge Shop" To Derail Trump's Agenda, Undermine The Will Of The People 

 

... there is a concerted effort by the far left to judge shop, to pick judges who are clearly acting as partisan activists from the bench, in an attempt to derail this President's agenda. ...

 

Mahmoud Khalil still detained in notorious Louisiana detention center as case is moved to New Jersey

... Earlier this month, U.S. Immigration and Customs Enforcement arrested Khalil in the lobby of his Columbia University apartment building, took him to New Jersey and quickly transferred him to Jena, more than 1,000 miles away from his pregnant wife, who is a U.S. citizen, and his attorneys in New York.

Civil rights lawyers who work with immigrants locked up in Louisiana’s detention centers say they are concerned for Khalil, given the Jena facility’s unsettling history. However, they say they are not surprised that ICE transferred Khalil to Louisiana, where access to counsel is extremely limited, and where the courts skew conservative.

In a phone interview with Verite News last week, Anthony Enriquez, vice president of U.S. advocacy and litigation at civil rights nonprofit RFK Human Rights, said the Trump Administration is “forum shopping” Khalil’s deportation case — looking for the jurisdiction that will give the government the outcome it wants.

“The government has the ability to do that with immigration,” Enriquez said. “It can arrest someone in a jurisdiction where the case law is very favorable to the person arrested, and then sweep them away to another jurisdiction.” ...

Nevah hoid of it

 FERRRI buyers getting younger. 40% now under 40...

IRS turmoil into thrown

 

IRS into thrown turmoil at height of tax season...

... two IRS employees who spoke to CNN said that some of the actions taken by DOGE inside IRS appear to be aimed at finding ways to use the agency’s protected data to find undocumented immigrants. ...