Thursday, June 12, 2025

What they lack in intelligence they make up for in bad manners


 

 
... Trump claimed at the White House that lowering rates by 2 percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.” “We’re going to spend $600 billion a year, $600 billion because of one numbskull that sits here [and says] ‘I don’t see enough reason to cut the rates now,’” Trump said. ...

Trump’s insult came hours after the Labor Department reported that U.S. producer prices rose less in May than some economists anticipated. ...

 
 
... “I’ve just been told that I’ve been uninvited from the picnic; I think I’m the first senator in the history of the United States to be uninvited to the White House picnic,” Paul told reporters. “The White House is owned by the taxpayers, we are all members of it, every Democrat will be invited, every Republican will be invited, but I will be the only one disallowed to come on the grounds of the White House.” ... 
 

Taco, taco, taco man . . .


 

 Most retail execs expect Trump to walk back ‘reciprocal’ tariffs, survey says

"Liberation Day" was just a trial balloon. 

It's safe until it isn't

Stocks are up, yields are down lol


 

 Bessent floats extending tariff pause for countries in ‘good faith’ trade talks

Yeah, but half of employers pretend to pay

 Half of Your Employees May Be Pretending to Work, According to a New Survey

It’s called ‘ghostworking,’ and a recent poll of workers shows that it’s more prevalent than you think. 

... Fully 23 percent of people (nearly 1 in 4 workers) admitted to walking around the office with a notebook so that they look purposeful and busy, while 22 percent have typed away at their keyboard entering nonsense. Though it’s rarer, 15 percent have faked being on a phone call so they appear busy, and 12 percent scheduled nonexistent meetings so they had an excuse to not do real tasks. ... 47 percent of employees said they waste more time working from home, while 37 percent said they waste more time in the office. ...

Wednesday, June 11, 2025

The average yield for the US 10Y note auction today was 4.421 vs. 4.342 previously, up 1.8%

 


Now that we don't have Terry Moran to kick around anymore, I guess we'll just have to settle for Kash Patel

 


I guess stocks didn't like the monthly Treasury statement indicating worsening fiscal conditions lol

 


Five months in, the Trump administration still doesn't have spending under control with the fiscal year to date deficit running 13.5% higher than last year to this point

Deficit FY 2024 through May: $1.202 trillion

Deficit FY 2025 through May: $1.364 trillion

Difference: $162 billion MORE in the hole than last year at this time

I don't care what Elon Musk's DOGE claims, the May numbers from the US Department of the Treasury do not lie.

A tax increase was never more needed. 

 


 

Well, look on the bright side, at least the barbarians didn't put them to the sword

... Jed Katz, the chair of the board and managing director of Javelin Venture Partners, , referred CNBC to the statement when asked about his and the other members’ resignations.

Like every other member of the board, Katz was appointed to the panel by former President Joe Biden. ...

The average price of piped utility natural gas in May 2025 was 1.626, 59% higher than the 2010-2020 average of 1.023

 


The average price of gasoline in May 2025 was $3.306 per gallon, 7.2% lower than the average under Biden but still much higher than under Obama or Trump I

Under eight years of Obama gasoline averaged $2.974 per gallon.

Under four years of Trump gasoline averaged $2.488.

Under four years of Biden gasoline averaged $3.563. 


Electricity made a new all time high price in May 2025 at 18.2 cents per kWhr, which is 36% higher than the 2010-2020 average of 13.4 cents

 


The average price of a dozen eggs in May 2025 was $4.548, which is 157% higher than the average price of $1.769 2010-2020

 The homeowner with the coop up the street sells his for $5 a dozen, but he was out this morning.

The homeowner with the coop down the street sells his for $4 a dozen, but he was out, too.

At the corner convenience store I had to pay $6.49.

 


CPI food inflation year over year in May 2025 was 2.87%, 53% higher than the 2010-2020 average of 1.87%

 


Core cpi inflation year over year in May 2025 is 2.8% for the third month in a row, 55% higher than 2010-2020 average of 1.8%

 The not seasonally adjusted trend is flat as a pancake.

The seasonally adjusted trend puts a little down-tilting lipstick on the trend pig, but still rounds to 2.8%. 



Tuesday, June 10, 2025

GM will not produce EVs at Orion Assembly Plant in suburban Detroit as the company moves production of gasoline vehicles to the US from Mexico to avoid 25% tariffs

 GM to invest $4 billion in U.S. plants amid tariffs for Mexican-produced vehicles

... GM said the investment will add assembly of the gas-powered Chevrolet Blazer and Chevrolet Equinox that are currently produced in Mexico to two other plants in the U.S. and convert a large idled plant in Michigan — formerly expected to build all-electric trucks — to make gas-powered SUVs and trucks in 2027. ...

 

Terry Moran fired by ABC News

ABC News Axes Terry Moran Over Deleted Tweet Bashing Stephen Miller as a ‘World Class Hater’

The GOP will temporarily lose another seat in the US House for several months as Rep. Mark Green (TN-7) is expected to retire immediately after the Congress sends the reconciliation bill to Trump for his signature

 


Mark Levin is urging Donald Trump to join Israel in a pre-emptive strike against Iran's nuclear enrichment facilities

 Mark Levin is up against many individuals in the Trump administration who are anti-war, including J. D. Vance in particular, and Tulsi Gabbard.

Former national security adviser Mike Waltz was of the same mind as Mark Levin.

Inside the MAGA vs. hawk battle to sway Trump on bombing Iran

Gabbard warns of ‘nuclear holocaust’ in ominous social media video