actually what I wrote was straight from the press and I double checked it on grok... . Althought my tongue in cheek comment about a civil war was not so tongue in cheek the US press did report about 100 dead and gun battles between the cartels and governement troops. X was littered with tourists totally freaked out and Fox covered it several times today... quite a bit of air which may have added a bid to gold... At any rate ...Glad you're having fun.
Grok circulates the same feed as Fox and the rest, and it’s so out of touch with reality it’s actually sad. Tourists freaking out is not a news source, nor news.
Government troops & Narcos battling it out is not something I would know about or comment on.
What’s happening in one of Mexico’s biggest cities in the area I can comment on, and I do so only to counter the hysteria I’ve seen reported from the start. The Canadian Airlines plan to resume service to Puerto Vallarta tomorrow, that’s as good an indication things have normalized as any. Other airlines are landing there today. Grok can confirm after it happens.
Hi bruno, bitcoin has a 4.5 to 5% cost of carry. Futures rolls are running $250/$300 per month at 65K ... so btc ETFs charge the long the implied carry. Bonds pay the long the 4.5%... we talked about contango rolls at some length at the Macro conference... They are murder over long periods of time
Acapulco today:
Sunny 76/83. In fact, that's every single day.
Traffic a bit lighter than usual, but all buses running. Taxis too.
Cafes, stores ,banks, ALL Businesses - Open as usual.
All Narco Provincial Roadblocks gone. I don't recommend country driving.
In Acapulco yesterday there were 2 cars, a bus, a cart, and OXXO store set alight.
I heard of nothing else and have friends here that are as digitally tuned-in as the rest of us.
Nobody but military and narcos were shot yesterday.
Gunfire was only reported near The Guadalajara Airport yesterday.
Random vehicles and shops burned throughout the region yesterday. I've heard no reports of deaths or injuries. Doesn't mean it didn't happen.
JJ, I have to think your Mexico Report was tongue in cheek?
The truth in your words do not escape me, but that's right out in left field compared to the reality.
If it is not a deliberate exaggeration, I might really have to wonder about the Mamdani news??
Footnote:
I am in Acapulco. Yesterday was tense, but that was from not knowing if the shit was going to get serious. Lethal serious. It did not.
I don't for a second think Mexico doesn't have a structural organized crime problem.
If I had to say which of JJ's remarks concerning Mexico are the most accurate, it's that the Government are the Rebels.
The routine death and carnage is relentless with no signs of improvement.
Yesterday was a knee jerk reaction by street toughs showing allegiance to the newly departed Jalisco Head Honcho.
The hard core guys got no time for burning cars, there's a boardroom shuffle in play.
In the end, it's an old story, and for Mexicans, very frustrating and very sad.
actually what I wrote was straight from the press and I double checked it on grok... . Althought my tongue in cheek comment about a civil war was not so tongue in cheek the US press did report about 100 dead and gun battles between the cartels and governement troops. X was littered with tourists totally freaked out and Fox covered it several times today... quite a bit of air which may have added a bid to gold... At any rate ...Glad you're having fun.
Grok circulates the same feed as Fox and the rest, and it’s so out of touch with reality it’s actually sad. Tourists freaking out is not a news source, nor news.
Government troops & Narcos battling it out is not something I would know about or comment on.
What’s happening in one of Mexico’s biggest cities in the area I can comment on, and I do so only to counter the hysteria I’ve seen reported from the start. The Canadian Airlines plan to resume service to Puerto Vallarta tomorrow, that’s as good an indication things have normalized as any. Other airlines are landing there today. Grok can confirm after it happens.
The comment about paying 4.5% to own bitcoin implies the holders borrowed to buy??
I presume this is tongue in cheek but perhaps too intellectually rigorous for me to be certain...
Hi bruno, bitcoin has a 4.5 to 5% cost of carry. Futures rolls are running $250/$300 per month at 65K ... so btc ETFs charge the long the implied carry. Bonds pay the long the 4.5%... we talked about contango rolls at some length at the Macro conference... They are murder over long periods of time
history shows, that if you are going to pay the points, you better be right in a hurry. ask everybody long JPY
While the stock S&P isn't doing much there are massive opportunities in single names with wild rotational swings.
I am posting this link with first hand accounts of Puerto Vallarta, because in light of the reporting on what’s happening there, it’s hilarious!
Starts out with a seemingly very civil carjacking. Really.
https://www.aol.com/articles/californians-hunkering-down-puerto-vallarta-230428454.html
The X alien link seems to be broken
sorry tom it was an x post of some malinois puppies. I can't find it! But is was pretty funny .. if you like dogs that is...
Happy to hear your commentary about the conference! Good for the community