Philip Pilkington

Mario Nawfal Verified account @MarioNawfal · 11h

🇺🇸🇮🇷 Oil just fell to $87... but America’s shrinking stockpiles point to $126 a barrel by June

Philip Pilkington, a macroeconomist, built his forecast on one number, which is how much crude and fuel the US has left in storage, including the Strategic Petroleum Reserve.

Those stockpiles have dropped every month since the war began, and by that measure oil should be near $100 today.

If the drawdowns continue at the same pace, Philip gets $126 by June 2027.

If releases stop at the reserve’s legal floor it’s $147, and draining it to the physical limit still leaves $130.

The bigger hit lands on Treasuries, where his model puts the 10-year yield at 5.8% to 6.2%, up from about 5% now, a level he says brings a financial crisis.

He’ll change his call the day inventories stop falling, and so far they haven’t.

@philippilk

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Barchart Verified account @Barchart · 15h

Japanese Yen has already weakened so much that the U.S. Treasury intervention and the most recent Bank of Japan intervention have already been wiped out completely 🚨 🚨

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DaiWW Verified account @BeijingDai · 3h

Although I'm speaking up for Jensen Huang, from China's perspective, Huang being stripped of his role as Nvidia's CEO is obviously a good thing.

To Nvidia, Jensen Huang is like Steve Jobs was to Apple. After losing Jobs, Apple clearly lost its creativity—it became just a conventional manufacturing company with excellent marketing capabilities, and that's the core reason why Chinese phone companies like Huawei and Xiaomi have been able to surpass Apple. After Nvidia loses Jensen Huang, it is expected to follow a similar trajectory and lose its creativity, and Chinese chip companies may in the coming years achieve global leadership just as they did in the phone industry.

In addition, Huang's experience will clearly serve as a wake-up call for every Chinese person working in the United States, especially those in the AI industry—and Chinese people make up half of the U.S. AI workforce. Remember, even someone as influential as Jensen Huang ultimately finds it hard to protect his wealth from white people plunder—let alone you.

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Nick Dorsey Verified account @Midnight_Captl · 13h

Some extremely powerful forces are trying to topple Jensen

Titling this article “Jensen Huang Must Resign” and adding the copy, “And his should not be the only head to role”

No judge or jury. Just The Economist with the verdict

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