Halfway through fiscal year 2025, the U.S. Budget deficit increased by $1.3 trillion. So we are up to a $2.6 trillion annual rate. That rounds up to an incredible 9% of GDP. The fit is hitting the shan.

Trump Exempts Phones, Computers, Chips From ‘Reciprocal’ Tariffs - Bloomberg bloomberg.com/news/articles/…

1/16 What Happened to Bonds Last Week? 🧵 Last week, the 30-year yield rose 46 basis points last week to end at 4.87%. As this chart shows, this was its biggest weekly rise since April 1987 (38 years ago!).

“America would be better off if more people worked in manufacturing.” • 80% of Americans agree • 20% disagree “I would be better off if I worked in a factory.” • 25% of Americans agree • 73% disagree • 2% currently work in a factory 👉🏻 cato.org/sites/cato.org…

Shift in global trade dominance 2000 vs 2024. visualcapitalist.com/cp/how-china-o… via @visualcap

How a $6 car mat costs $89.99 (new tariffs add ~11%, most is profit for wholesaler & retailer)

China and America Agree: Apple Is Too Big to Fail open.substack.com/pub/bariweiss/…

Americans' Confidence in U.S. Leaders on the Economy news.gallup.com/poll/659534/tr…

Good chart. National debt sources: --38% tax cuts --58% recession responses & spending increases --4% Medicare expansion ritholtz.com/wp-content/upl…

"There’s a fine line between intellectual rigor and believing your own bullshit, and smart people are at more risk than ordinary folks." collabfund.com/blog/the-dumbe…

Dalai Lama Quietly Cancels Scheduled Meeting With JD Vance buff.ly/djEP4Y7

Let’s Go ⁦Washington Capitals⁩!!

"The U.S. supply of precision-strike missiles would last no more than a few weeks in a high-intensity conflict & would take years to replace. In war games that simulate a conflict in the Taiwan Strait, Washington runs out of key munitions within weeks." foreignaffairs.com/united-states/…

Life is beautiful.. 😊

When you lied on your resume but still got the job.. 😅

CNN: Behind Closed Doors, Pope Is Still Focused, Sharp, And Energetic buff.ly/jFhVOVc

Russians may have had fewer children from January to March 2025 than in any three-month period over the past 200 years. theatlantic.com/international/…

Plastic Army Men: RANKED | Babylon Bee babylonbee.com/news/plastic-a…

5% catch probability and this dad still made the play Barstool Baseball

Me today