Steve Lafleur

Markets move on his every pronouncement, even when he's not engaged enough to have a fully formed opinion.

Fox is on the one hand terrified to ride the subway and on the other hand telling ship crews in a war zone to grow a spine

If Woke 2.0 involves shaming people for not picking up after their dogs or listening to music without headphones, count me in.

Misalignment of interests...

Which resurfaces into the public consciousness with every single scandal that ever happens!

I always come back to this review of Dirt by Alice in Chains. Grunge music florished in the shadow of the Vietnam war. Millenials grew up in it's penumbra.

Mistrust of institutions had been in the zeitgeist for my entire life. I don't know how to fix that.

pitchfork.com/reviews/albu...

The thing about history, is it's never as far away as you think. Not hard to draw the current darkness back to Vietnam. Intergenerational trauma has a way of persisting and inserting itself into the political culture.

IMO, the fact that it's been hip to be down on institutions this entire century is the underlying problem, and all the things we blame are accelerants.

".. The last few years have been a steady exercise in market humility. 'Oil can’t go negative.' It did. 'Russia will always be a reliable supplier of gas to Europe.' It wasn’t. 'Hormuz is too important to actually stop.' Until it did."

- Morgan Stanley

[PUBLIC] Can Trump Take Credit for Lower Oil Prices? Despite his promises of cheap energy, the president’s aggressive foreign policy is preventing an oil market crash.

Last month I wrote a column about whether Trump could take credit for low oil prices.

Trump loves to talk about how much he wants/pushes for low prices, but I argued his aggressive foreign policy was a massive bullish driver of crude prices.

And now this
www.commoditycontext.com/p/public-can...

Dumb question: how's the AI infrastructure buldout needed to justify the valuation of the American stock market going to work in an energy crisis?

The Brent crude prompt timespread is currently over *$9/bbl*, a new all-time record.

Timespreads measure the steepness of the crude futures curve, which at the front (prompt) reflects how tight—loose if neg—the spot market is.

The oil market has literally never been this tight.

53 years after the first Arab oil embargo we have options at scale today.

We have a set of technologies that today are more cost effective than ~20% of global oil demand.

Supply chains are ready, the will to diversify is building.

A Minnesota Police Chief Said ICE Was Harassing Residents. Here Are Some of Their Stories. Residents of Brooklyn Park, Minnesota, say in interviews with Reason that encounters with ICE left them afraid and angry.

Mistaken identity, citizens being told to show papers, intimidation: Brooklyn Park, Minn. residents share experiences with ICE [@cjciaramella.bsky.social, Reason]

The WSJ calls it “the most severe energy crisis since the 1970s.” ⛽️

@wsj.com
www.wsj.com/world/middle...

State media watch:
The image of Trump saluting - without his baseball hat that you can buy at his website - is falsely labeled as Trump acknowledging the soldiers killed on March 1.
This was not a mistake - its also on the Fox News website.

Get in, losers! We're going to war!

Can we think about this a minute?

We don't need you anyways!

Donnie is so committed to reliving his glory days that he's bringing back 1973!

Bitcoin is a Lie A confession and a moral charge

A friend who used to be an exec at Square has been writing about this for awhile.

open.substack.com/pub/mikebroc...

Crypto was incredibly radicalizing. It was popularized by and reinforced apocalyptic thinking.

Trade deadline passed, there still isn't a general manager in the NHL who views 2026 Jordan Binnington as a viable option.

I was half joking when I said during the Olympics that we need a Royal Commission on wtf Binnington, but...can we at least acknowledge that starting him was a little insane???

Lotta people don't understand that geography is a thing. Not limited to MAGA, but they take it to another level.

I do like the willingness to move on from guys who haven't quite worked out. Maybe a positive takeaway.

Or we could go the other direction and prioritize public transit over cars?

I know, I know. A guy can dream!

So basically 31st overall pick for Schenn and 3rd rounder to take Drouin's contract. Guess that's...I dunno. We'll see.

Willing to give Darche some lattitude (still early days), but my immediate reaction to this is not enthusiasm.

Picking up an ageing 3C when we've got an expiring ageing 3C is...not something I expected. Hope there's another shoe to drop, since a first and a third (and I think 2 seconds in previous transactions) is a lot for a team outside the contention window.

If we're picking up a 3C, should I assume we're flipping our expiring 3C?