
Jim Kronlund
3.5K posts

Jim Kronlund
@JimKronlund
Co-founding Partner: Secret Golf




'Adapt Or Die': Goldman's Hedge Fund Honcho Warns 'Stock Operators Haven't Suffered Full-Blown Gut-Check... Yet!' zerohedge.com/markets/adapt-…




Imagine if Trump ends the war and walks away, leaving the rest of the world to sort out the Strait of Hormuz 😂




FBI Director Kash Patel and Army Secretary Daniel Driscoll reportedly at risk of being removed, according to The Atlantic. This follows Pam Bondi and Kristi Noem both being relieved of their positions recently. Either cleaning house or things are messier behind the scenes than we know...





BREAKING: Secretary War Pete Hegseth has asked Army Chief of Staff Gen. Randy George to step down and take immediate retirement — CBS News







🇮🇷 Gulf states are now seriously looking at building new pipelines to bypass the Strait of Hormuz after the latest crisis. Saudi Arabia’s existing East-West pipeline is suddenly looking like a genius move. Now others want their own versions, to the Red Sea or to Oman’s Fujairah port. It won’t be cheap or easy; we're talking about pipelines that could cost $5 to 20 billion each. But if this war has proven something, it is that the vulnerability of Hormuz has become too dangerous to ignore. The era of putting all your oil eggs in one narrow strait basket might finally be ending. Source: Financial Times, AFP

*OPENAI BUYS TECH-INDUSTRY TALK SHOW TBPN: WSJ



Getting to “day one” is the real problem. Best case is May but it could easily take months. Most are conflating TACO with a reopening of the Strait. They are not the same. TACO doesn’t reopen anything. Instead, it entrenches Tehran’s veto. TACO is the worst case for markets. Even if flows resume after TACO, this won’t be a switch flip. It will be messy, partial, and conditional — think bilateral carve-outs with “friendly” countries. Russian style. Full normalization likely requires either new pipeline capacity that bypasses Tehran’s tollbooth, or a credible international naval effort (and likely boots on the ground) to finish what Trump started and may yet abandon. A “deal” is entertainment for the masses. Markets are not priced for this.









