Saturday, May 16, 2026

Powell is still Fed chair

 


Emperor Xi says, Next!

 Russia’s Putin to meet China’s Xi in Beijing from May 19-20, Beijing and Moscow say

Democrat primary slugfest in Michigan for retiring US Senator Gary Peters' seat features three candidates unfamiliar to a third of Democrats, giving opportunistic Republican Mike Rogers another shot

... Each unofficially represents an ideological faction. El-Sayed is the Democratic Socialists’ candidate, backed by Senator Bernie Sanders and supportive of single-payer health care. McMorrow is the progressive populist, backed by Senator Elizabeth Warren and supportive of a public health insurance option. Stevens is the moderate, tacitly backed by Senate Minority Leader Chuck Schumer, and, while nominally supportive of a public option, doesn’t lean into it nor mention it on her website’s issues page

And as I covered last week, the three are divided on Israel. El-Sayed would end all military aid to Israel (in fact, he “opposes directly funding foreign militaries” everywhere). McMorrow would stop selling Israel offensive weapons and has the support of the “pro-Israel, pro-peace” J Street PAC. Stevens defines herself as a “proud pro-Israel Democrat,” and is backed by AIPAC PAC. 

... Moreover, every poll taken pegs at least one-third of the primary electorate as undecided. The Glengariff Group poll shows at least 40 percent of Democrats “never heard” of any of them (for McMorrow, it’s 60 percent), and that number is probably higher among the general electorate. The more they attack each other, the more voters will be introduced to them in the worst possible way. ...

More

Stevens is the obvious choice of Michigan voters who are put off by the extremism of the Democratic left. She will complement Michigan's other moderate Senator Elissa Slotkin and help Democrats speak with one clear voice for sensible policies for Michigan workers.

 

Only just discovered on May 10th, Chelyabinsk-size 15-35 meter Asteroid 2026 JH2 will fly by on Monday at only 56,000 miles


 May 10th!

 Yes, out of nowhere, the Sweet Meteor of Death will someday blow us all away without (much) warning, but not today.

From the story here:

... Asteroid 2026 JH2 was initially observed by the Mount Lemmon Survey in Arizona, which uses a 60-inch telescope to detect near-Earth objects like comets and asteroids. ... 

 

Kevin Warsh wasn't sworn in as Fed chair on Friday and Powell is still in charge because Warsh has so many assets to unload to meet ethics requirements he couldn't get 'em all done on time lol

 So the bond vigilantes threw a party and sold off, spiking yields across the board 1.44% on the day, throwing down the gauntlet at Warsh, daring him to cut in the face of all the chaos Trump is causing.

The 20-year soared to 5.14%.

Yields are up 2.8% in the aggregate since the beginning of the month.

6% inflation is knocking on the door.

Inflation rate projected to hit 6% in the second quarter, top economic forecasters say

 


 

 

Friday, May 15, 2026

A war 6,338 miles away is OK though

 Trump On Taiwan: "The Last Thing We Need Right Now Is A War 9,500 Miles Away"

And yes, DC to Taipei is 7,864 miles, not 9,500. 

And, oh yeah:

Trump says Cuba will be 'next.' Here's what he doesn't get.

 

Speaking of corruption, Trump makes Biden & Co., Clinton & Co., et alia, look like pikers

 Democrats blast Trump over ‘slush fund’ in possible IRS lawsuit settlement

... “This administration is dripping with corruption from top to bottom, but rushing a settlement to steal $1.7 billion taxpayer dollars for a slush fund before a judge can toss your junk lawsuit would be among the most corrupt acts in American political history,” Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee.

“This lawsuit has never been anything more than a shakedown of the American people by a crook president and his crook lawyers,” Wyden said.

Trump, his two eldest sons, and his family business sued the IRS and the Treasury Department in U.S. District Court for the Southern District of Florida over the 2019 leak of the president’s tax returns. It was an unprecedented move that raised concerns about conflicts of interest at the time. ... 

News of the potential settlement comes ahead of a May 20 deadline set by U.S. District Court Judge Kathleen Williams, who asked the Justice Department and Trump’s legal team to explain whether the case with the president on both sides can even be heard by a federal court.

″(A)lthough President Trump avers that he is bringing this lawsuit in his personal capacity, he is the sitting president and his named adversaries are entities whose decisions are subject to his direction,” Williams wrote in a court filing in April.

“It is unclear to this Court whether the Parties are sufficiently adverse to each other so as to satisfy” the constitutional requirement that federal cases only adjudicate cases or controversies. ...

Trump is as corrupt as the day is long

 Trump touted Palantir on Truth Social after buying the company’s stock, records show

Trump went big on tech stocks in first quarter of 2026, new filings show 

Trump cares as little for freedom in Taiwan as he does in Ukraine

 Trump told Xi ‘I don’t talk about’ whether U.S. would defend Taiwan from China

Biden meanwhile publicly committed to the defense of Taiwan right out of the gate in 2021 after a U.S. freedom of navigation exercise in the South China Sea by the USS Theodore Roosevelt strike group in late January, and multiple times thereafter in 2021, 2022, and 2024.

Trump is truly disgraceful.

Barron's/AFP, Feb 5, 2021:

... The new US administration has said its commitment to Taiwan is "rock-solid," with officials in Washington signalling that they will not tolerate any expansionist moves by Beijing. ...

 

Real retail sales just comin' up for air

 


Disapproval with Trump hit a record high 58% at Trump-friendly Rasmussen Reports on May 7th

 


Hey, when does Starmer resign anyway?

 ... Britain’s government bonds have the highest yields in the G7. ...

 


Manufacturing jobs went sideways in April 2026, economic boom nowhere in sight

 



Big 3 salaried labor cuts of 19% return levels to pre-pandemic era

 Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms

 


 

There is almost nothing Athenian about China, nor Spartan about the United States

But here we are.

Does THE GRAUNIAD even know that Sparta won that war?

Does Xi? 

Meanwhile "Make America Great Again" handed our adversaries the rhetorical cudgel of decline wielded by Xi against Trump. 

America is great when it stands for human freedom, something Trump is too shallow to grasp. The very word strikes terror into the hearts of the Chicoms, and is our greatest weapon against them.

But under Trump America has betrayed freedom in Ukraine, and acted more like imperial Athens in the Persian Gulf than like Sparta.

The attack on Iran is looking more and more like the failed Sicilian Expedition every day. 

Aftermath: Trump Is Wrecking the U.S. Military

If Xi wants to win, he'll act more like Sparta and let the real Athens destroy itself. 

 

 


 

The US bond market is pissed off at everybody this morning

 Yippee ki yay you muthas.



Honda to reverse EV missteps at a cost of $9 billion amid lost focus on its famed gasoline engines

 Honda shares rise over 7% as investors shrug off first operating loss in nearly 70 years

... Honda swung to an operating loss of 414.3 billion yen ($2.61 billion) for the fiscal year ending March, compared to an operating profit of 1.2 trillion yen the year prior. Provisions made for its ailing electric vehicle business and related investments, competition from its Chinese rivals, as well as a U.S. tariff impact of 346.9 billion yen weighed on its earnings.

... As part of its efforts to reorganize its EV business, the automaker said it will cancel market launches and development of some EV models initially planned for production in North America. The Japanese automaker said it expects the restructure of its EV business to cost over $9 billion.

... Honda engines used by Aston Martin were found to be causing battery failures and in January the Japanese automaker was slapped with a lawsuit in Canada over a defect in the 1.5L turbocharged engine in three Honda models. ... 

 

The good news is you can still get the 2-liter four cylinder gasoline non-turbo engine in the base Civic, MSRP $26,345, with a theoretical highway range of 508 miles.

 


 

Thursday, May 14, 2026

From JMIC Update 45: Bab-el-Mandeb Strait tanker transits average 13.42/day May 7-13, 2026

 Strait of Hormuz 1.57/day.

BAM tanker transits aren't even up to 2022's average of 30/day. The crisis of the oil trade is not being significantly ameliorated by Red Sea operations.

 

Estimates continue to put 5 million barrels per day leaving Yanbu, much of it heading to buyers in east Asia.

Fujairah in the UAE exports shy of 2 million barrels per day, also to the east. 

Iran's exports in April are said to be shy of 1 million barrels per day.

Kuwait exported nothing.

Iraq exported maybe 0.131 million barrels per day.

So 8.1 million barrels per day in April?

21.0 million barrels per day left the region in 2022. 

 


RobbyD, hater of idiocy according to his bio, is upset with Democrat Senator John Fetterman for voting Nay on the US House War Powers resolution on Iran ROFLMAO

 



Herr Kurt Schlichter's hit piece on Thomas Massie says Massie married a leftist after his long-time wife died in 2024, when she was actually a staffer for Senator Rand Paul

"No heat" Massie's 2021 Christmas Card Photo

 

And Rand Paul once again strongly endorses Massie's re-election.

 Good Riddance to the Awful Thomas Massie

... Before his wife sadly died young a couple of years ago, he was content to be a fringe weirdo with bad hair and no heat. Once she tragically passed away, he visited a hairstylist, married a leftist staffer 20 years his junior, and decided he needed to broaden his horizons, which meant helping the Democrats and shafting the GOP more openly than before. ...