Bill’s Commentary:
“Time to break out the popcorn?”
Elon Musk blasts Trump: ‘Without me, Trump would have lost’
The alliance between President Donald Trump and Tesla CEO Elon Musk dramatically fractured Thursday over the president’s major tax bill, which is pending in the Senate.
Trump called Musk “crazy,” and threatened to cut off government contracts with the mega-billionaire’s companies, which in addition to Tesla include the space exploration company SpaceX and the artificial intelligence company xAI.
Tesla’s stock price plunged after Trump’s comments and Musk said SpaceX would begin decommissioning its Dragon spacecraft “immediately” because of Trump’s threats.
Bill’s Commentary:
“This should not have been in the first place. A little ashamed of Texas right about now…”
Bill’s Commentary:
“They see no need to act… until the market forces them to. The unwinding of the carry trade is occurring right before your eyes; do you see it?”
BoJ official sees no need to act against rising JGB yields
The Bank of Japan’s tapering of its bond purchasing programme should continue, a member of its monetary policy board has said, as the rise in yields over recent weeks had not been disruptive and merely reflected market expectations.
Speaking to business leaders in Miyazaki today (May 22), Asahi Noguchi noted that yields on 10-year Japanese government bonds (JGBs) had risen to nearly 1.6% in March. This compared with around 1.1% at the start of the year and around 0.8% last August.
BillHolter.com 
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