Doug

Gold.

FFS..... zombie apocalypse

BREAKING: US energy inflation surged +10.9% in March 2026 amid the Iran War, marking the biggest monthly jump since 2005.

@RudyHavenstein @federalreserve @jeromehpowell They're doing exactly what they were created to do: transfer wealth and power upwards.

FIVE YEARS being way above the @federalreserve "2% target," even using their understated CPI models. FOREVER above their Congressional mandate of "stable prices." This is an epic failure, and a financial war crime against the poor and middle-class. @jeromehpowell

FED CUTS STILL ON THE TABLE, SAYS BOFA Bank of America maintains its call for two Fed rate cuts in 2026, arguing the central bank will look past supply-driven inflation, weak wage pressure, and rising political influence. Economist Aditya Bhave noted recent revisions show slightly slower growth and higher inflation, but not enough to change the outlook: cuts are still expected this year. BofA adds that by September, incoming Fed Chair Kevin Warsh could have enough evidence of cooling inflation to support easing—though risks still lean toward no cuts. Recent Fed minutes highlight a cautious stance: some officials have delayed expected cuts or even floated hikes, while many still see eventual rate reductions as appropriate. On consumers, spending is weakening. Real spending rose just 0.1% in February, with a modest 0.8% annualized pace over three months. Meanwhile, inflation (PCE) ran at 4.1%, and higher energy prices may continue to squeeze demand.

Hedge funds are unwinding their short exposure: Hedge fund short positions in US macro products, including index futures and ETFs, are down -1.0 percentage point over the last 2 days, to 11.2%, the lowest since the beginning of March. This comes as US-listed ETF shorts fell -7.4% during Wednesday’s session, the largest 1-day drop since August 2020. This also marks the largest single-day short covering over the last 10 years, led by large-cap stocks. Still, short positioning in US equity macro products remains 4 percentage points above the 2024 low. Over the last 5 years, short exposure has only been higher in 3% of cases. Hedge funds still have a massive amount of short exposure to unwind.

OIL PATH COULD SWING GLOBAL GDP BY OVER $1 TRILLION. Oil is holding below $100 as markets weigh fragile ceasefire risks against potential escalation. Bloomberg’s base case: prolonged low-intensity conflict → slower global growth (2.9% in 2026) and higher inflation (~4.2% peak). Central banks are likely to pause near term, then resume cuts. Scenarios vary widely: Oil at $170 → major downside Oil at $65 → strong rebound

Stablecoins are a geopolitical stealth tool of empire than an additional demand for U.S. treasuries and the world will adopt its use according to Brent Johnson (@SantiagoAuFund) In Brent's perspective, USD stablecoins (next to gold) will replace any local currency through Gresham's Law

Nasdaq $QQQ just saw its largest 3-month outflow this century 📉💸🤯

Historically, Consumer Sentiment hitting new lows is great news if you own stocks and are betting on rising stock prices

Gas prices in the US have moved up to $4.16 per gallon, their highest level since August 2022. The 40% spike over the last 6 weeks ($2.98/gallon to $4.16/gallon) is the biggest we've seen in the past 30 years.

Silver broke out from a five-decade-old pattern in November, signaling that a powerful bull market is underway, and that is still true despite the recent correction. Learn more about the roadmap silver is following in my unlocked report: thebubblebubble.substack.com/p/the-roadmap-… $PSLV $SLV

Mapped: Top Marginal Income Tax Rates by State in 2026 💰 visualcapitalist.com/top-marginal-i…

Politicians and #bigbusiness managers have in common that they deal with the world through administration and bureaucracy. They have very limited if any experience or understanding of value creation and entrepreneurship. So it's not surprising they see eye to eye and collaborate.

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Jordan Peterson explains Hayek’s “knowledge problem” argument “The proposition that central planning will work is the proposition that you can substitute one expert mind for a million distributed expert minds.” “That’s obviously not the case, because each person is going to have knowledge that pertains to their locality that isn’t accessible to everyone. So it’s much better to let everyone make the decisions and sum them.”

@biancoresearch It is the biggest financial bubble ever in the country with the reserve currency. It won't be the end of the world. Just the end of the world as you know it.

We started the week with the President threatening to end a civilization. We ended the week with a new AI model that might end civilization (Anthropic's Mythos). So, OF COURSE, the S&P 500 has been up 7 days in a row, adding 2.5%.

Never bet on the end of the world It will only happen once, and when it does, no one will be around to pay you.