From the Wall Street Journal: "Copper prices notched a new record high Monday, rising on strong demand for data-center construction, supply disruptions at one of the world's largest mines and surging input costs." #economy #markets #inflation #copper @wsj.com

“Prosperity, like peace, is indivisible. We cannot afford to have it scattered here or there among the fortunate or to enjoy it at the expense of others.” ~Secretary of the Treasury Henry Morgenthau, Jr., 1944. Morgenthau was born on this day 135 years ago: May 11, 1891. Image: NARA.

Complete and total bullshit

Staaaaaaap

Trump has some cost overruns

Have any of these people shopped for ... anything... lately?

Because of course

Behind the diplomatic platitudes, both Beijing and Washington are quietly preparing for something harsher — a prolonged economic war, mapping vulnerabilities and sharpening tools to inflict pain on the other. by Alexandra Stevenson & Murphy Zhao

👇

And encourage more gas use which would drive prices up and FFS.

Trump posed a Supreme Court rant so long that it’s essentially un-screenshotable, but he starts it with this. It comes in at 545 words, but it doesn’t seem that short when you read it with zero paragraph breaks:

national average has fallen to $4.475/gal, down about 8 cents since this post, as expected over the weekend- but we are likely to see many states start hiking/cycling gas prices tomorrow along with diesel that could hit new records in MI/IN/OH/IL/WI (if they haven't already!)

Not the most important thing but who *exactly* is Trump thanking for their attention to this matter?

Futures open in an hour

Well not *all* ideas, clearly.

Just when you think he can’t post something even more pathetic and whiny…

Aaaaaaaaauuuugghh

This guy’s the chief economic advisor to the president.

Next week, the importance of personal ties will be on display again when Donald Trump, who regularly boasts of his own close connection with his Chinese counterpart, embarks on a two-day visit to see Xi Jinping in Beijing. by Joe Leahy & Demetri Sevastopulo

Third day in a row that NOTHING has gone through the Strait of Hormuz.

On an unrounded basis, the unemployment rate rose to 4.337% in April from 4.256% in March. Of course, these both round to a "no change" of 4.3% from one month to the next.

Hoooooo boy is that not the way it works

Average daily shipping volumes through the Strait of Hormuz have declined nearly 94% since the start of the war in Iran, Bank of America notes:

Wut?

U-6 underemployment rate up for a second straight month 8.2%

April Employment Situation Payrolls +115k vs +65k exp/+178k prev Private payrolls +123k vs +75k exp/+186k prev 2m revision -16k Unemployment rate 4.3% vs 4.3% exp/prev Avg hourly earnings +0.2% MoM vs +0.3% exp/+0.2% prev More to come

I definitely do not want to do this again.

Gluing them to doors? wtf?

“If a free society cannot help the many who are poor, it cannot save the few who are rich.” ~President John F. Kennedy, 1961. Image: Bettmann via Getty Images.

Peace in our time?

but muh 1 page document *IRAN FORCES EXCHANGED FIRE WITH ENEMY NEAR BANDAR ABBAS: FARS

SCOOP: A confidential new CIA analysis delivered to policymakers this week concludes that Iran can survive the U.S. naval blockade for at least 3 to 4 months before facing more severe economic hardship, a finding that contradicts those hailing an imminent collapse 🧵

Everything’s fine.

In a just released study <70%> of farmers said they can't afford to buy enough fertilizer this year

For the life of me I don’t understand saying “false claims” instead of “lies”.

Grift all the way down

The journalist who is being sued by Kash Patel and reportedly being investigated by the FBI is out with a new story. Is there a Pulitzer for being a fearless badass? If so, she should win it. www.theatlantic.com/politics/202...

Hey Siri, is this the way it works?

Arguably worse than that

This is not a good thing.

Yes

👀

“.. Commercial traffic is at a near-total standstill. Two commercial vessels crossed the strait under U.S. military protection on Monday and only one on Tuesday — a trickle compared to before the war, when around 130 vessels a day made the passage.” @nytimes.com www.nytimes.com/live/2026/05...

Phew, it’s a good thing no U.S. policy principal came out today to hype this operation. Otherwise it would seem as though this administration hasn’t the faintest fucking clue what it‘s doing.

Asymmetrical commitment

And more to the point — it’s simply not sustainable.

RED FLAG: The Trump Justice Department has demanded the identities of every worker who staffed the 2020 election in Fulton County, Georgia, according to court records. The demand targets employees of Fulton County elections as well as volunteer poll workers, who likely numbered in the thousands.

Sun Tzu, I think.