TriCap

Germany’s Chancellor Merz: I told Trump that Spain is part of the EU, and any trade deals must include Spain.

Trump: The US will ensure the free flow of energy to the world - Truth Social

My question is:

Have the Iranians even said "Thank you"?

Honestly the kind of stress release I need after a morning like this. (In a sim).

"yeah dont worry. We're having conversations about how the US will protect everybody and pay for everything"

Metro pointed out that was before the cheap drone innovation and I'm just not sure how effective destroyers will be against drone swarms.

FRANCE'S MACRON: ISRAEL WILL BE IN THE PROCESS OF DECIDING ON A LAND OPERATION, WOULD BE A DANGEROUS ESCALATION AND STRATEGIC ERROR

Wall Street Faces Its Biggest Crisis of Confidence in Years

‘Rubric, founded by a former deputy of the New York Mets owner Steven A. Cohen, predicts that Cliffwater will be “the first domino in the bank run we foresee.”‘ www.nytimes.com/2026/03/03/b...

The brutal, despicable, and grim side of war. The burial of the 150 elementary school girls killed in American-Israeli strikes on #Iran was today.

Venezuelan oil sale proceeds no longer routed through Qatar, US energy secretary says Proceeds from sales of Venezuelan oil are no longer being routed through a fund in Qatar and are going directly to accounts handled by the U.S. Treasury Department, U.S. Energy Secretary Chris Wright ...

You're not wrong. Also FYI:

Farmers Increasingly Rejecting Data Center Bids For Land - Farm Policy News The tech industry’s relentless push for data centers is colliding with farmers who see the projects as a threat to their way of life. Despite being offered sums that often dwarf the land’s recent valu...

This is absolutely wild. Some farmers are getting offers over $120,000 an acre to sell their land to data center developers. Just for comparison, Iowa State says average price for an acre of farmland in Iowa is around $11,500. farmpolicynews.illinois.edu/2026/03/farm...

*convoys

Not disagreeing, but note a third way of conveys escorted by US destroyers. I think I recall this happening in the 80-90s wars.

Another $ZS export market falls into the idiot's field of view. $ZM $ZL

Given the recent experience with inflation, it's understandable that people want to invoke the example of the 1970s, but it's worth thinking about 1990. The unemployment rate had been very steady for the preceding two years.

Eye on the Market Energy Paper: Fighting Words | J.P. Morgan Private Bank U.S. This year we tackle the fiercest energy debates— from data centers and power prices to the “primary energy” fallacy and more.

As if energy wasn't already top of mind this week - two big pieces discussing energy broadly dropped today (links below). One from Cembalest at JPM and the other from SemiAnalysis.

privatebank.jpmorgan.com/nam/en/insig...

Pew-pew

Pew Research Center finds 100% approval for laser gun sounds

So much depends on who is able to consolidate in Iran. I have no insight so I extend the Islamic republic into the future and incentives for peace are hard to see.

Kirill, whoever you are, I owe you one.

I doubt the jihadist will view hosting CENTCOM as non-participation, but GL with that.

One way to keep demented don in the game is to never let him have a counterparty to taco with.

Plus the security guarantees and energy supply are the tether, not what grandpa wants.

The lies are how you know the truth.

Why are fools so attracted to the Dow?

BLS staffing is down 25% but they are now allowed to hire again.
www.usajobs.gov/job/859334800

Cursor Annualized Revenue Doubles to Over $2 Billion Cursor’s annualized revenue topped $2 billion in February, according to a person familiar with the matter, a figure that underscores the wide popularity of the artificial intelligence coding assistant...

“The company’s revenue run rate, which projects current sales over 12 months, has doubled compared with three months earlier, said the person, asking not to be named discussing private information.”

Regardless of how it ends up ex-post, this take is the *literal* definition of confirmation bias.

Berkshire's cost basis on American Express is <$1.3 billion.

It's market cap is >$200 billion and Berkshire's owns ~22%.