Tuesday, April 28, 2026

JMIC Update 38 for tanker traffic in the Middle East April 21-27, 2026

Middle East Tanker Traffic April 21-27, 2026

Strait of Hormuz E: 1.71/day
Strait of Hormuz W: 0.57/day
Total: 2.28/day
Normal (2022): 70/day
Down 96.7%
 
Bab-el-Mandeb Strait SE: 6.42/day
Bab-el-Mandeb Strait NW: 6.85/day
Total: 13.27/day
Normal (2022): 30/day
Down 55.8% 


 

Jimmy Kimmel lives rent-free in their heads

A lot more people know about what Kimmel said about Melania last week than would have otherwise only because Melania took the bait.

 

MELANIA: FIRE JIMMY KIMMEL...  

FCC launches review of Disney broadcast licenses years ahead of schedule

... Trump revived his push for ABC to take Kimmel off the air after the host of “Jimmy Kimmel Live!” referred to First Lady Melania Trump as an “expectant widow” during the show last week, days ahead of an alleged assassination attempt at the White House Correspondents’ Dinner. ... 

They're going to have to put the whole country in jail

 James Comey charged with threatening Trump’s life in ‘8647’ seashell post

 ... Trump had accused Comey of “calling for the assassination of the president” by sharing the image of the numbers in the May 15 post. ... Around four months later, however, he was indicted in Virginia on [SOMETHING ELSE!] one count each of making a false statement to Congress and obstruction. ...

 



Here we go again, plunging into more stupidity


 

 Trump Administration Secures New Indictment Against Comey

The new case stems from a photograph of seashells on a North Carolina beach.

... The charge stems from an incident nearly a year ago, when Mr. Comey, vacationing on the North Carolina coast, posted a photograph on social media showing seashells arranged to say “86 47,” combining the slang term “86” often used to mean dismiss or remove with an apparent reference to Mr. Trump, the country’s 47th president. ...

When Mr. Comey learned of the uproar, he deleted the post, saying that he did not know that it had a violent connotation and that he opposed violence of any kind. The Secret Service interviewed him by phone that evening, and Mr. Comey said he had no intent to cause the president harm. The next day, he sat for an in-person interview. The Justice Department eventually dropped the matter, but it was revived in recent months. ...

 

Fetterman is still not right in the head



 Fetterman's recent history of saying some reasonable things makes people on the right treat him like he's some oracle now.

But another lunatic tries to shoot Trump and suddenly America is on the hook for a new ballroom, which wouldn't be necessary AT ALL if Mad King Ludwig hadn't torn down the East Wing in the first place?

I don't think so, pal. Not when Trump promised it would be funded entirely from private donations.

 

My heart's . . . on fire . . . for Fu-jai-rah

 United Arab Emirates leaving OPEC, effective May 1



 

Trump makes America 2015 again

 48.66% had a full time job in March 2026.

48.65% had one in May 2015.


 

Monday, April 27, 2026

Ha, taxes coerce behavior whether you like it or not, so you'd better decide what behavior you want because you're going to get it good and hard either way

 Tax Power Not Designed To Coerce Behavior - Gary Abernathy, RCEnergy

... the Fifth Circuit’s ruling is a welcome nod to the fact that the federal government cannot take tax laws intended to increase revenue and twist them merely to regulate business activities. ...

I mean, do these people not remember Ronald Reagan?

“If you want more of something, subsidize it; if you want less of something, tax it.” 

But Ronald Reagan ignorantly reduced high marginal ordinary income tax rates, destroying the need for the owners of capital to make the arbitrage decision going forward between either choosing low long term capital gains tax rates or the high ordinary income tax rates. 

The owners of capital had been no dummies and had picked the low rates for years. That drove domestic investment throughout the post-war because it had to, and produced the good paying full time jobs and GDP which too few even remember now. But faced with an easier path to low taxes, they took it.

The tax windfall set the conditions for the hollowing-out of the U.S. economy when those billions of dollars met the opening to China in 2001, where they worked for pennies on the dollar and regulations were practically non-existent.

20,000 domestic manufacturing establishments alone were lost in the wake of the 1986 tax reform, and 70,000 more after 1997. Millions of manufacturing jobs went with them, and with them the American middle class and the American dream.

All because Ronald Reagan, the liberal, thought rich people knew best what to do with their own money.

In the mid-1980s we had maybe 35 billionaires and people in their 20s routinely married and bought their first home. Today we have 1,135 billionaires and people are nearly 40 before they can afford to buy their first home. And we have Ph.D.s all over the place who can't spell in their own language let alone in a foreign one.  

Put a random set of 100 people in a room and the fact is only 25% of them are college material, but the rest need and deserve good jobs the same as they do, and they aren't going to be "knowledge" jobs.

I can still remember my company's HR head telling my truck-driving employees in the 1990s that they had to start thinking of themselves as "knowledge workers" instead of as what they were. I got the hell out of there. By 2003 most of those new "knowledge workers" of mine had lost their jobs driving truck when the company had to "restructure". Just one tale in tens of thousands of such tales.

America will not begin to be great again without tax policy which favors the American people over some eggheaded libertarian's idea of a principle which favors only the rich. 

. . . and the East Wing, and the Kennedy Center, and USAID, and the UN, and Ukraine, and NATO, and the Persian Gulf, and Trade, and GDP, and Prices, and Energy, and . . .

We voted for Bob the Builder and got Don the Wrecker instead.

 

Mollie Hemingway just wrote a book fanning the flames she decries at the Supreme Court


Zero self-awareness.

 

Yeah, but what Trump saved with military spending cuts to Ukraine he's blowing on the Iran war, which is why he's asking for $1.5 trillion in defense spending next year

 Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback

The U.S. national debt is up $3.069 trillion to date since November 1, 2024, an annual rate of deficit spending of $2.2 trillion after seventeen months of Donald Trump. 

... Global military spending as a share of GDP climbed to 2.5%, its highest level since 2009, the report showed. Europe was the main driver of the increase in global spending, with spending rising 14% to $864 billion. ...

While global defense spending continued to grow, the growth rate slowed to 2.9% in 2025, markedly lower than the 9.7% rise in 2024. This was largely due to a 7.5% reduction in U.S. military expenditure after no new financial assistance for Ukraine was approved during the year. The U.S. remained the world’s largest defense spender at $954 billion. ...

The Pentagon has requested about $1.5 trillion in defense spending for fiscal 2027, which would mark the largest request in history. ...

Sunday, April 26, 2026

JMIC Update 37 for tanker traffic in the Straits of Hormuz and Bab-el-Mandeb 19-25 April 2026

 SoH E: 2.4/day
SoH W: 1.0/day (ZERO 23-25 Apr)
Normal 2022: 70
Down 95% 
 
BAM SE: 7.1/day
BAM NW: 8.4/day
Normal 2022: 30 
Down 48% 


Well, that's what ugly does doesn't it?

 Forgotten no more: Generation X is driving beauty sales

Yes, I'm in a   m o o d   today. 

I wonder how many of the groceries are still alive

 36-year-old left the U.S. for China—now pays $1,000 rent and $100 for groceries for family of 4

Just in time for the future convicts of the Trump administration

 I thought it was liberals who were infamous for the death wish?

DOJ says it will use firing squads, electrocution again for federal executions 

 



 

That spineless weasel so-called spending hawk Chip Roy (TX-21) is so desperate to win his attorney general race in Texas that he's proposing DHS pay for Trump's ballroom now

 


Newt Gingrich is in the media so much because he's still $4.86 million in the hole for his 2012 run against Romney for the GOP presidential nomination

Gotta pay the bills somehow.

 


Vanguard Energy Fund VGENX is up 21.05% year to date

 That's down from +24.06% ytd through March 31, 2026.

Per annum over 5 years as of March 31: 20.71%. 

Year to date gold and silver are beating the S&P 500

 




Saturday, April 25, 2026

As an inflation fighter, Jerome Powell turned out to be twice as bad as Arthur Burns

Under Powell core pce inflation exceeded 10Y yield for 4 consecutive years (2020-2023).

Under Burns it was for only 2 (1974-1975).

The Bernank was Fed chair in 2012 when inflation only just barely outran 10Y yield.