🇺🇸 64% of Kalshi traders expect the Supreme Court to rule against Trump's tariffs. It has ranged between 61 and 67 percent this week.

I expect them to allow him a few exceptions here and there where they'll say he applied the appropriately, but for the most part, power over trade will be returned to Congress, who will get straight back to working to destroy the middle class forever for their masters.

Congress is what America needs to fix. By fix, I mean to say almost everyone there now shouldn't be there.

📉 CHART WATCH 📉

🇺🇸 'Murica.

Fuck yeah.

Winnin' 34% of all Nobel Prizes.

Amerrrrica—fuck yeah.

💫 CHART WATCH 💫

🇺🇸 Bet they didn't think we'd suddenly win every argument all at once...

Such is life for artificial ideas with astroturf popularity. According to several new data sources, heterosexuality is back among American students.

The kids aren't having it so we're already back to 2020 levels. God bless them.

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💎 Gold is having another rough morning, falling 3.25% to $4,003 per ounce. That makes about 9% of total drawdown since the $4,398 top on Monday.

Note: Even if you didn't sell, gold is still up about 16% since I posted about its compressed triangle on August 28th…just saying.

🔸 CHART WATCH 🔸

🇬🇷🇨🇾🇵🇹 Greece & Cyprus have orchestrated an excellent display of fiscal responsibility in the years since their sovereign debt & banking crises respectively, and the dividends have really rolled in over the past five years. Portugal, on the other hand, has been consistently prudent since its 2011 debt crisis. The success reminds one of Ireland last decade.

As a result, we've seen outstanding reductions in all 3 debt-to-GDP ratios. Greece has reduced by 56.1% over the period but still has some work to do with a total of 150.3% remaining. Cyprus has reduced by 43.5% to a very healthy 71.1%! And Portugal has reduced by 37.5% for a final ratio of 97.4%.

All three turned their GDP growth exceptionally positive by 2021. There were enormous gains in 2021-2022, with readings between 5.7% & 8.4%. Portugal & Cyprus achieved primary account surpluses in 2021, Greece in 2022, and all three ever since—an encouraging pattern that will serve these nations well if they can maintain it.

These three along with Denmark are fiscally some of the best situated in Europe. Meanwhile, many EU nations that weren't in dire straits a decade ago have fallen apart economically for various reasons...looking at you, France, Romania, Czechia, et cetera.

📉 CHART WATCH 📉

🇺🇸 Al deal activity in the US already far outstrips the dotcom era...

Unfortunately, the ground it sits on is even shakier.

🎨 CHART WATCH 🎨

🏴󠁧󠁢󠁳󠁣󠁴󠁿 The number of annual births in Scotland hasn't been this low since 1855.

Let me say that again: the number of annual births in Scotland hasn't been this low since 1855.

Shockingly, the fertility rate has dropped below 1.25. This is a full-blown crisis, and radical action must be taken to reverse course.

👶 CHART WATCH 👶

🇺🇸 ADP's new weekly release of their preliminary U.S. employment estimate shows an average gain of 14,250 private-sector jobs in the four weeks ending Oct. 11, 2025.

"For nearly two decades we have provided our valuable labor market data to the public at no cost through the ADP National Employment Report. ADP's near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy," said Dr. Nela Richardson, chief economist, ADP.

⏳ CHART WATCH 🔩

🇺🇸 Both parties are taking blame for the government shutdown—specifically Trump & Schumer.

All of this over paying for all of the healthcare of illegal residents of America.

Are they just trying to buy 3 generations of votes again? Or do they know denying all of the benefits (over a third of them just collect those) will cause much of their antidemocratic project in social & political engineering to self-deport?

🇺🇸 CHART WATCH 🇺🇸

🇺🇸 The Democratic Party made war on our meat industries during the entire Biden Administration.

So far, Trump has done little to help. There are even still nonsense regulations about methane in effect. But it's not restricted to climate; it's the same game as energy: drum up an environmental pretext and grind the industry to a halt through prohibitive cost.

As a result, beef prices are making new highs again...sure does seem to be happening all over the world too.

🇺🇸 CHART WATCH 🇺🇸

🇦🇷 Here's the polling history from the Argentinian election this past weekend.

Funny how the Establishment favorite always swells right before, huh?

Really funny.

✅ CHART WATCH ❌

🇺🇸 🇪🇺 Natural gas is still four times more expensive in Europe than it is in America.

Such is life when you flip your cheap energy supplier the bird and have to rely on one of the following: (1) heavily demanded Middle Eastern sources, (2) super expensive American LNG, or (3) buying that same cheap Russian gas at a premium from Turkey.

What are they thinking? The financial pundits will call them stupid, but you aren't that naïve, are you?

👩‍👩‍👦‍👦 CHART WATCH 👩‍👩‍👦‍👦

🇪🇺 The Euro area's PMIs. Services is looking alright; manufacturing seems to be in contraction.

I will never understand not putting a 50-line on a diffusion index...

🏭 CHART WATCH 🏭

🇺🇸 It's the first time Alphabet Inc.'s average price target is under the price of $GOOGL in the last ten years...

🔍 CHART WATCH 🔍