Reflecting on yesterday, it seems that the entirety of the world’s markets was guided with little more than this:

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Reflecting on yesterday, it seems that the entirety of the world’s markets was guided with little more than this:

No one likes getting mail from the IRS. I’m not different, and I suspect that you, like me, has a heart that skips a beat when one of those love letters shows up in his mailbox.
I’ve become numb to it, however. Why? Simple: because I get the same two letters, month after month, and year after year, for years. One letter looks like this:


This is a terrific listen……….
Last year, I made a number of predictions about Elon Musk’s role in the federal government. Specifically, I said that (a) he would never save the $2 trillion he claimed (b) he would be frustrated at the lumbering, sclerotic pace of government (c) he would quit by the spring and return to his corporate roles, where he enjoys absolute power.
Well, you’ve heard the news by now. A month ago, he was already inching away from all the DOGE stuff, and now he’s completely pulled the plug……………just like I predicted.
