Nothing like a $20 billion wipeout to bring some structure to the order book. My bet is the staggered green bars are long covers and the staggered red bars are short covers. Didn’t look like this two weeks ago…

GM. “May the God of hope fill you with all joy and peace as you trust in him, so that you may overflow with hope by the power of the Holy Spirit.” ‭‭Romans‬ ‭15‬:‭13‬ ‭NIV‬‬

GM y’all. Roll Tide.

WTF, seriously? $138 USD for less than 5 pounds of steak. At Costco. With inflation this under control, let’s cut some rates!

Proof of work. “Anyone who has been stealing must steal no longer, but must work, doing something useful with their own hands, that they may have something to share with those in need.” ‭‭Ephesians‬ ‭4‬:‭28‬ ‭NIV‬‬

GM “Be very careful, then, how you live—not as unwise but as wise, making the most of every opportunity, because the days are evil. Therefore do not be foolish, but understand what the Lord’s will is. Do not get drunk on wine, which leads to debauchery. Instead, be filled with the Spirit, speaking to one another with psalms, hymns, and songs from the Spirit. Sing and make music from your heart to the Lord, always giving thanks to God the Father for everything, in the name of our Lord Jesus Christ.” ‭‭Ephesians‬ ‭5‬:‭15‬-‭20‬ ‭NIV‬‬

Better late than never.

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🚨NEW VIDEO🚨 Repo Market MELTDOWN? Gold’s Move Signals Something BIG Nik unpacks the spike in repo spreads, gold’s massive move, and why ...

If this is the cause of a dump instead of a pump, we are very early.

Scariest thing I’ve seen today.

GM. In 2018 I allocated enough money to buy a low-quality used car to Bitcoin instead. That savings transformed into a bitcoin denominated form then can now purchase a high quality new car. I have no plans on purchasing said car until my current car literally falls apart. Bitcoin not only preserved my purchasing power, it transformed my power over purchasing.

GM

Of course this is happening.

Welcome to the party, pal.

Nevermind - the geniuses who invest in bonds disagree. Debasement trade is off.

Holy Cappuccino!

Is this the suddenly? Top 3 stories in WSJ online.

Turtle don’t care ‘bout price of bitcoin. Be like turtle.