Individual investors have always been at a huge disadvantage, but things have gotten to the point where the game seems completely rigged.
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It all starts literally at the top.
The corruption has gotten so big, how will it ever be brought back?
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Putting people in jail would be a good start.
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It’s not crime if you bought the law to make it legal.
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Many of the current crimes are not legal at all, but no one seems to care.
At least the Boogeyman of Congress insider trading has the benefit of being perfectly legal, if not entirely unethical.
What’s happening now is just flat out insider trading, of the illegal kind.
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Have you read “1929” yet?
Bitcoin Cut in Half
It’s down almost -50% from October’s $126K peak.
Gold is weak, too, off almost -20%.
Some are guessing the “hot money” that was chasing Bitcoin & Gold has (1) moved on to chip stocks ($SNDK up +6100% since Apr-25) and (2) is getting ready for the upcoming “Big 3 IPOs” — SpaceX (next week), Anthropic, & OpenAi
Some call this the best economy ever. With the markets at all time highs.
Meanwhile, there is widespread problems in defaults , low savings rate, and folks
tapping into IRAs.
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Agree. Economists call this a “K-shaped” economy with some rising and some sinking
Yep, we’ve been in one since the pandemic.
And it’s the same folks rising and falling. Just the percentages top line gets skinnier and the bottom gets wider
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I got a chuckle out of the results of today’s oil and gas lease auction of ANWR acreage. It was more successful as the last one in 2025 that drew zero bids, but no oil company with any operational capability to drill and produce wells there even made a bid.
The admin was chest-thumping about bringing in BILLIONS with this auction. Reality? $3.7MM. 
People who believe that the reason companies don’t drill there is permitting and regulatory challenges should be reconsidering that misconception. It always has been and always will be economics everywhere, and they don’t work in ANWR without much higher prices, regardless of who signs executive orders for show.
I’ve listened to this ANWR debate for decades, and it’s so stupid.
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Half of that money goes to Alaska.
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Something, something Smoot-Hawley.
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https://x.com/business/status/2062506435972362431 (paywall)
PIMCO is one of the largest active bond managers in the world
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JUST IN: 6.3% OF US HOUSING LISTINGS ARE UNDERWATER
These are units where the current asking price is BELOW the original purchase price and the seller still can’t find a buyer
Washington, DC leads the country with 20% of active listings underwater
Colorado is second with 10.2% of active listings underwater
Florida is third at 9.6%