Interesting statistic: If you spent $10 million every day since Jesus was born, you would’ve spent $7.4 trillion. The US debt is $39 trillion.
Of course. it does not account for inflation. The $7.4 trillion figure is in nominal dollars, as if someone spent today’s $10 million every day for ~2,026 years. If you adjust for inflation, the comparison becomes messy because: - Dollars did not exist for most of that period. - Inflation data only exists meaningfully for recent centuries. “$10 million per day” could mean either: -> $10 million in today’s purchasing power each day, or -> $10 million nominal dollars each day, which is unrealistic historically. It still shows that today’s U.S. debt is over five times larger than that total. Source: Bull Theory
US stocks have completely decoupled from oil & bonds...
Source: www.zerohedge.com, Bloomberg
PRESIDENT TRUMP'S Q1 STOCK DISCLOSURE COVERS 3,800+ TRANSACTIONS. THE LARGEST: $5M-$25M SALES EACH OF META, AMAZON, AND MICROSOFT ON 2/10.
The OGE 278-T was filed May 8 and certified by the Office of Government Ethics on May 13. This is Trump's personal portfolio: $AVGO Broadcom $DELL Dell $TXN Texas Instruments $DVA DaVita $JBL Jabil $KLAC KLA $COMT GSCI Commodity ETF $FFIV F5 $GOOGL Alphabet $ETN Eaton $NVDA NVIDIA $XLK Technology Select Sector ETF $TT Trane Technologies $COST Costco $IEMG MSCI Emerging Markets ETF $IEX IDEX $AMZN Amazon $XLI Industrial Select Sector SPDR ETF $CDNS Cadence Design Systems $AAPL Apple $VOO Vanguard S&P 500 ETF $VTI Vanguard Total Stock Market ETF $WST West Pharmaceutical $IWB Russell 1000 ETF $XEL Xcel Energy $EFA MSCI EAFE ETF $SNPS Synopsys $RSP S&P 500 Equal Weight ETF $BA Boeing $MSI Motorola $NWSA News Corp $MSTR Microstrategy $ORCL Oracle $WM Waste Management $GOVT U.S. Treasury Bond ETF $ICE Intercontinental Exchange $MARA MARA $NFLX Netflix $UBER Uber $KRMN Karman Space $HD Home Depot $TDG TransDigm $MSFT Microsoft $CVNA Carvana $COIN Coinbase $AXON Axon $ADBE Adobe $CRM Salesforce $NOW ServiceNow $WDAY Workday Source: Lin
TRUMP-XI JUST PUBLISHED THE EXACT LIST OF WHAT THEY AGREED ON ABOUT IRAN AND HORMUZ
Not vague summaries. Not "productive talks." NAMED COMMITMENTS. SPECIFIC POINTS. Item by item. 🇺🇸 US companies get expanded access to Chinese markets — signed off in Beijing, May 14 🇨🇳 China increases investment into the United States 🇺🇸 China cracks down harder on fentanyl flowing into America 🌾 China buys more American agricultural products 🛢 Hormuz Strait must stay open — both sides committed in writing ⚓ China explicitly opposes militarization of the Strait of Hormuz ⛽ China opposes anyone charging tolls to pass through Hormuz 🛳 China will buy MORE American oil specifically to reduce its own dependence on the Hormuz route ☢️ Both sides agree: Iran cannot have nuclear weapons 💀 9 named commitments 💀 ZERO quantitative targets in the readout 💀 ZERO new enforcement board created 💀 100% of the Hormuz points exist because Iran nearly shut the world's oil supply in February 2026 Source: Ronald Carter on X
Trump publicly described Xi Jinping calling the U.S. “perhaps a declining nation,” agreeing that Biden-era policies weakened America while portraying his own presidency as restoring strength.
He highlighted military pressure on Iran, adding “(to be continued!),” which analysts interpret as signaling the Iran conflict remains unresolved. Trump also said Xi privately pledged not to send military equipment to Iran and offered help securing stability in the Strait of Hormuz. Source: Shanaka Anslem Perera ⚡
Cerebras Systems' shares jumped 89% above the initial public offering price in their US market debut, giving the chip designer a valuation of $106.75 billion.
Source: Reuters
BLOODBATH IN SOUTH KOREA.
KOSPI hit a new ATH of 8,000 today and then crashed 8.4% in the same session, wiping ₩509 Trillion ($370 billion) in 6 hours. Samsung, which makes up 42% of the entire index, crashed 8.61% Source: Bull Theory
Japan Producer Prices Jump by Most Since 2014, Backing BOJ Hike
Source: Bloomberg
