Bill’s Commentary:
“W, are you surprised? How many times can someone be lied to before they team up with your competitor? Best, Bill”
Bill,
Saw this just now on Bloomberg TV.
“Spain pushing for EU pivot to China”.
The continuing drift away from America’s embrace continues.
Wolfgang
Bill’s Commentary:
“$1.3 trillion plus $1.3 trillion equals a $2.6 trillion deficit… versus a $29 trillion economy? The deficit is now about 9% of GDP. When you factor in the breakdown of the rule of law, can you say banana republic?”
U.S. Budget Deficit Widens to $1.3 Trillion as Interest on Public Debt Hits Record
The gap between federal revenue and government spending widened to more than $1.3 trillion in the first half of the fiscal year, driven by record amount of spending on the public debt.
Data disclosed Thursday by the Treasury Department showed a deficit of $1.307 trillion for October through March, the initial six months of fiscal 2025. This was the second highest fiscal year-to-date deficit the U.S. has ever seen. Only the deficit of $1.706 trillion in the first half of fiscal 2021 was larger.
Bill’s Commentary:
“Masters weekend!”
An Inside Glimpse: Jack Nicklaus Before his Honorary Starter Tee Shot
At 7:01 a.m., the man with the most Masters Tournament titles of all emerges from the William H. Danforth suite that sits across from the Founders Room at Augusta National Golf Club. Jack Nicklaus walks slowly with a smile on his face. He shakes hands with those gathered to greet him. He climbs into the back of a golf cart and says goodbye to his kids, who are there to see him off.
Nicklaus is asked if he is ready – to go take a few practice swings, to stand beside fellow Honorary Starters Gary Player and Tom Watson, to officially open the Masters.
Bill’s Commentary:
“The consumer is tapped out, and now this… Do you really believe that current prices will hold at levels even close to where they are now?”
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February.
Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went into effect. Yields dropped when Trump lowered the tariff rate on most countries hours later. Tariffs on Chinese imports, however, currently stand at 145%.
But bonds began selling off again Friday, despite a cooler-than-expected inflation report. Mortgage rates loosely follow the yield on the 10-year Treasury.
Bill’s Commentary:
“Surprise!”
Tulsi Gabbard Drops TWO Huge Bombshells
National Intelligence Director Tulsi Gabbard made a startling revelation during an open cabinet meeting Wednesday, announcing that she has evidence that electronic voting machines have been tampered with to manipulate the results of past US elections.
“I’ve got a long list of things that we’re investigating. We have the best going after this, election integrity being one of them,” Gabbard stated.
“We have evidence of how these electronic voting systems have been vulnerable to hackers for a very long time,” she continued.
BillHolter.com 
Thank you pamelamoves@gmail.com
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