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Tom Luongo (Head Sneetch) Profile picture
@TFL1728
Sep 5 • 7 tweets • 2 min read Twitter logo Read on Twitter
Niger’s former “independent government”was allowing France to take Uranium out of the country for $0.80/kg. Current price is $150.

The junta just raised the price to France to €200 or $185.

But France isn’t dependent on Nigerien Yellowcake, or so the bots kept scolding me last week

France’s budget is a complete nightmare, and unlike other members of the EU it can violate budget rules b/c some PIGS are more equal than others /2

goldgoatsnguns.slack.com/files/U02DSF8F…
Go back and reread what I wrote about Niger and France in July

/3

tomluongo.me/2023/07/07/mac…
And Part II - tick tick tick goes the time bomb. /4

Where is oil trading this morning?
tomluongo.me/2023/07/11/mac…
$88.36. Breakout on the weekly and monthly charts /5 Image
And where is the euro trading this morning? 1.073?

/6 Image
Who’s inflation is this a problem for?

Everyone’s, but for the US the least as the Fed keeps draining the world of dollars.

Labor Day was yesterday. That means summer in the Hamptons is officially over. Welcome back bond vigilantes. We missed you, and Baller Jay has your backs.

Tick,tick,tick

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More from @TFL1728

Tom Luongo (Head Sneetch) Profile picture
Aug 5
Once you see how multi-vector the attacks on the auto industry are you can't unsee them.

EVs are a cancer eating away at private transportation. EV fires are the next stage of this.


/1zerohedge.com/political/will…
As ICEs are being legislated out of the market, unsafe EVs will come with higher insurance costs all through their lifecycle.

Your True Cost of Ownership will rise as the depreciation curve steepens and initial cost rises thanks to complexity.
Simple, straightforward trucks are leaving the market.

RIP the Nissan Titan whose footprint is too small to stay in the market, like the Ram 1500 Classic. All full-sized trucks shorter than 146" wheelbase can't be sold at scale without huge CAFE fines.
carscoops.com/2023/08/nissan…
Read 5 tweets
Tom Luongo (Head Sneetch) Profile picture
Apr 25
So, let's talk Yellen wanting Blackrock to be regulated as a SIFI. Moving Non-banks into this pile, which now gives them access they didn't have before.

BLK doesn't want to be a SIFI. But, now that they are in trouble, thanks to Powell they do? /1

From this 2019 Article on BLK in Europe. /2 Image
So, what's changed? Clearly that BLK didn't 'use leverage' but invested everyone's pension funds in stocks and Sovereign Debt at insane prices... 10 year German bunds at -0.8%... mmmmm... tasty!

Now? /3 Image
Read 7 tweets
Tom Luongo (Head Sneetch) Profile picture
Apr 4
Here's a follow up thread to my article on the #TrumpIndicment from last week. Covering the #DeSantis and #NYBoys angles

For those who thought the article was too dark, chew on these ideas.

Some light schizo-posting for a random Tuesday.

Ready? Go.
/1
tomluongo.me/2023/04/01/ind…
If DeSantis is a @WEF stooge as the Ultra-Trumpers at CTH and others assert, why indict Trump?

@Georgesoros gave you the plan - pit Ron & Don against each other....profit from their war.

Indicting Trump doesn't serve that strategy at all. /2
Who told you Ron was running for President?

The Soros/DNC/Davos media... that's who. /3

search.brave.com/search?q=ron+d…
Read 19 tweets
Tom Luongo (Head Sneetch) Profile picture
Mar 18
Quick thread on the strategic importance of Credit Suisse and why the Fed's support of it is so important.

Famously, the SNB holds a big equity portfolio, at last count ~$139B. These are mostly US large caps. /1
whalewisdom.com/filer/swiss-na…
Last Summer I took heat from the skeptical on Fintwit for my 'thesis' of a war between Davos and the Fed because the Fed sent billions in a lifeline to the SNB who helped out $CS. /2
This happened at the same time as Blackrock's assault on the Bank of England, bringing down PM Liz Truss, installing Davos boy Rishi Sunak.

At the time I noted the two banking jurisdictions in Europe not under ECB control were assaulted simultaneously. No coincidences /3
Read 11 tweets
Tom Luongo (Head Sneetch) Profile picture
Mar 10
First thing's first. This $SIVB thing is happening before 5pm on a Friday. So, this is meant to affect the closing of this week's market. /1

zerohedge.com/markets/silico…
In 2008/09 all the FCID bank closures happened after the market closed on Fridays to limit the damage. Today we are treated to a vandalistic "Biden" regime making a big deal out of this DURING trading hours. /2
From a purely political and qualitative standpoint I'd say a number of things are at play here.

For a major SV bank to fail this spectacularly in 24 hours, 72 after the FOMC Chair went full "Resting Hawk Face" smells of a setup to force a "pivot" this weekend./3
Read 8 tweets
Tom Luongo (Head Sneetch) Profile picture
Feb 24
More meltdown in the Eurodollar markets this morning on US inflation data.
These markets and the long-end of the US yield curve are hideously mispriced
1/
@SecYellen is selling 2/3's and buying 10/20's
Why? To make the 2/10 spread worse than it should be but also to help @ECB protect US/German credit spreads.

Really?
Who do you think she really works for?
The Fed could provide the market 10's if Yellen would back off.
/2
This is to support the fiction that the US is headed for a 'historic default' if we don't raise the debt ceiling.

We'll raise the debt ceiling. This is just more Treasury Dept. blackmail of the Fed. Yellen is flying into coffin corner here. /3
Read 7 tweets

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