Apis

@sig_57 @FreightAlley BMW still builds all their engines(and other things) in Germany. They built just enough in the local country to escape tariffs.

@FreightAlley Since they are in USA they won’t be affected. Also, why did the textile industry in SC disappear?

The BMW plant in South Carolina created a renaissance in a textile town that was severely economically depressed. South Carolina has become one of the fastest-growing states in the country, with BMW being a catalyst.

@AutisticHODL The sum of GBTC like things(the ETFs) have much more BTC than GBTC did at the time.

I remember thinking that nothing could catch up to GBTC, but things change.

MSTR still doesn’t have more BTC than GBTC did at its peak.

@The_BTC_Patriot @BVBTC My lambo = This, on its side, little bit thicker, under my glass top coffee table.

@BVBTC Pretty amazing. What's the final weight?

Bitcoin is beautiful.

@LeadingReport "hired"

@foodsafetynews Block paid propaganda.

Poultry producers will continue to be able to legally sell products contaminated with Salmonella now that the USDA has withdrawn a proposed regulation. foodsafetynews.com/2025/04/usda-p…

@FreightAlley @WilliamJConner The reason is they're not going to cut off their nose to spite their face. They'll pick the minority that hurt them far more than the US. It's pretty irrelevant to the rhetoric between the two sides. This is what you get when you quote clowns like Kobeissi.

@WilliamJConner The PRC doesn't do anything without a reason

Deescalation! So Trump was telling the truth about his talks Thursday AM

@gvictor808 @MichaelOnBTC It's money. Money is worth exactly what the network thinks it is. No more, no less. It's built into the definition of money.

@MichaelOnBTC Gold parity so around a million dollars

How much do you think 1 bitcoin is really worth today?

@RufasKe The idea that the Chinese gov would allow a foreign corp to control a significant percentage of their steel output is ridiculous on its face. It would sound like a joke that's missing the punchline. Why was the reverse not considered equally as ridiculous?

UK Government Seizes Control of British Steel to Safeguard National Industry In a bold move to protect one of its most strategic industrial assets, the UK Parliament has passed emergency legislation allowing the government to assume control of British Steel. The intervention comes after Chinese parent company Jingye Group signaled plans to shut down two key blast furnaces at the Scunthorpe plant, a site critical to the UK’s steel output. Business Secretary Jonathan Reynolds confirmed that public ownership is now a likely route, though the government remains hopeful of finding a long-term strategic investor. Reynolds also accused Jingye of refusing to procure raw materials or fulfill payment obligations, effectively forcing a shutdown of the plant's primary steelmaking capabilities. In a show of swift action, the government authorized emergency funding to secure coking coal and other essential inputs to keep the furnaces running. The Scunthorpe site, home to four blast furnaces named Mary, Bess, Anne, and Victoria, has the capacity to produce 4.7 million metric tons of pig iron and 4.5 million metric tons of crude steel annually. The plant’s downstream operations supply steel for infrastructure, automotive, and engineering sectors across global markets, underscoring the site's economic and strategic importance. To stabilize operations, British Steel appointed Allan Bell as interim CEO and Lisa Coulson as interim Chief Commercial Officer, with the changes approved by Deputy Prime Minister Angela Rayner. Meanwhile, the government has taken direct steps to manage the plant’s board, workforce, and supply chain. This marks a significant shift in the UK’s industrial policy, reflecting growing concerns about foreign control over critical national assets. The implications of this intervention are far-reaching. Not only does it safeguard thousands of jobs and preserve steelmaking capacity, but it also sets a precedent for future state involvement in strategic sectors. With global supply chains under strain, Trump's tariffs impacting steel (25%), and green transitions underway, the UK's decision sends a clear message: industrial resilience and economic sovereignty remain top priorities.

@LukeGromen We could likely solve the problem just maintaining a strategic reserve of refined metals the same way we did, but don't really need anymore - at scale, with oil.

@LukeGromen The rare earths are not that rare and not that difficult to mine or refine. It is hugely destructive to the local environment. We need some small amount for national security but mostly if China wants to destroy their environment to sell us cheap metals, we should take the deal.

Wash DC & Wall St: "All we need is King Dollar!" DoD: "Actually guys, we need rare earths." Wash DC & Wall St: "The military backs King Dollar!" DoD: "Uh, guys...Chinese rare earths back the US military." Wash DC & Wall St: "Wait, what?! Why didn't you say anything?" DoD:🤦‍♂️

@LibertarianMama The other huge lie is the SS trust fund. It does not exist. It's an accounting trick. The assets in the fund are just gov debt. An IOU from a general fund that has no assets and has been in debt the whole time SS has existed. To pay the fund, the gov has to issue new TSY debt.

@LibertarianMama Ponzi does require one other thing which was implicitly admitted here, fraud. Claim: Social Security is a retirement account. You are paying into your retirement account. Reality: It's pay as you go. Your payment is someone else's retirement benefit.

Congratulations. You described a Ponzi Scheme.

@derektinnin @dampedspring @LukeGromen @ces921 poppycock. Energy has been "trending" towards zero for 200 years. It gets low, we learn to make steal. It gets low, we invent HVAC, it gets low, we start using EVs. If food gets too cheap, we will repurpose some farmland for something else. All examples play out same way.

The Federal Reserve and TBAC/U.S Treasury are scared $hitless of the long end. The fact that they are scared is more scary to me than just about anything else in markets The Fed holds perfectly liquid low coupon MBS with virtually no prepayment risk and doesn't want them at all but refuses to do anything about them. The Fed has a much longer WAM than the public market does in UST and doesn't think that is a good composition and yet has yet to change its reinvestment strategy or god forbid sell duration The Treasury continues to issue more bills relative to duration coupons than in any time other than crisis, war, or recession and consensus is they will continue to do that The Treasury may increase its buyback program for "illiquid" duration and fund it with bills Every one of these actions is a "policy of fear" of the U.S. long term bond market. What are they afraid of? Show some courage and bond yields likely rise 75-100bp and then plenty of demand will show up. Stop wasting time and take the medicine. The world will thank you and markets will be normalized and healthy dampedspring.com/wp-content/upl…

@sanskarimata @dampedspring The end goal is exactly what the administration says it is. Andy’s point is about the intended path.

@dampedspring Interesting perspective. Tho not sure what you mean by fairer trade? What exactly is the end goal here? Also tho if these policies are so growth -ve, aren’t we setting up for a huge rally in rates?

This tweet got an interesting reaction. Honestly it wasn't well written. Here's what I meant The destination I think the Trump administration is headed is a painful one of detoxing. Because it is painful the administration is rightly concerned that it will break something which prevents reaching the destination. The point I was trying to make is that it makes sense to me to take 2, 3, or 4 steps forward and then a step or two back. That's all I was saying. I don't think a step or two back is a radical pivot giving up on the journey and yet will always seem that way when it happens. That's literally the point of stepping back. Some want a cold turkey detox with no stepping back. Some think every step back is giving up and returning to Trump 1.0. Both of those are unrealistic and inflexible. Another clear criticism of my tweet which I am super sympathetic to is the obvious sloppiness of both the steps forward and back. These sorts of observations are both worthwhile and also natural when observing chaos. But miss the higher level point of my tweet. I only ask you consider the overarching mindset instead of the execution of the "plan". Two steps forward one step back to avoid breaking something and arrive as safely as possible at the desired destination. Fwiw the desired destination I see is 1. Secure borders 2. Smaller government and government expenditures 3. Much fairer trade 4. Targeted tax cuts, tariff revenue "tax increases" 5. Aggressive deregulation offsetting otherwise anti growth policies All this leads to detox period reduced real growth and sustainable real growth longer term Inflation short term but inflation killed longer term

@EPBResearch There is one temporary solution but we started using it decades ago and came to then end of it, lie about inflation.

How do you solve a primary deficit problem with inflation, when the majority of the primary deficit is indexed to inflation?

@dampedspring This is nearly every description of “global liquidity” I have ever heard. A snake oil reversal of cause and effect.

Just got a new piece from Global liquidity guy. Of course global liquidity is ticking higher. This guy's indicator follows price and sentiment which is super interesting given its supposed to be the driver.

@RiggsBTC This is a pointless comparison to make. Money and productive enterprise are apples and oranges. You need both to make the salad and neither can replace the other.

Bitcoin just officially hit all time record highs against the MAG7 stocks. 55.

@randomrecruiter "Your father showed up for work"

Amazing

@dampedspring Price action alone? Some other reasoning?

@JulianFromArg @NewsLambert What qualifies as "Class C" ? Does it have to be in a bad neighborhood?

@NewsLambert Miami Class C apartment. Delinquency skyrocketed and bye bye to rent growth. Currently switching half of my units from long to short term rental to diversify.

Real estate agents/builders/investors/buyers/sellers: What are you seeing in your local housing market right now? 🏡 Please note your market.