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Dow still falling

An article in Asimov Press: "The Origins of Adjuvants"

https://www.asimov.press/p/adjuvants

They publish some fascinating articles that will interest many who take an interest in Scancell.

Steve doing a livestream on the market downturn

https://www.youtube.com/watch?v=gH0l1O9ywEk

Will it hit 2000 down [1600 at the moment]?

All down under $3 trillion

https://x.com/MorningBrew/status/1908155194887594142

'Stop playing politics!' Trump snaps at independent Fed Chair while pushing for rate cuts

https://www.rawstory.com/trump-jerome-powell-2671675935/

The Trump Admin wants to devalue the $ which would make their exports more competitive and reduce demand for imports... Some would say that is long overdue but they are going to lose the benefits of being a reserve currency and the cost of their deficits is going to soar.

Getting rid of Powell and installing a sycophant who will lower interest rates would not surprise me but when you 'move fast and break things' you do not normally do it to an economy let alone one the size of the American's.

The Intellectualist

https://www.youtube.com/watch?v=o2bV4_jpx7s

Https://www.frontpages.com/

Mentioned on the podcast below; new to me... Good overview of what papers around the world are focussing on.

The Rest is Politics [Rory Stewart and Alastair Campbell]

https://www.youtube.com/watch?v=43u3JxB6Umo

Stonking figure

https://www.ft.com/content/7b7dd5dc-5b7f-48a6-a876-75242d319544

==or==

https://archive.ph/yuz7x

It is going to give the Orange God more belief that all will be fine and that his economic war is doing well.

Someone seems to want a large chunk of shares... there have been a couple of times recently when the Bid has risen without any Buys being printed [such as earlier when the Bid went to 25p]. To me, it has the signs of a large buy slowly being worked by a Market Maker.

Quick Perplexity Q&A shows how much Ruzzia will suffer with price drops:

Russia’s Oil Costs and Budget Challenges in 2025

Russia’s oil industry is facing increasing financial pressure as global crude prices remain below government expectations. Here’s a quick look at the numbers:

Production Costs: On average, it costs Russia $50 per barrel to produce oil from new fields, excluding taxes and transportation.

Budget Breakeven Price: To balance its federal budget, Russia needs oil prices at $69.7 per barrel in 2025, but current prices for Urals crude are hovering around $58/barrel, well below the target.

This price gap is creating significant fiscal strain. Every $10 drop in oil prices costs Russia an estimated $17 billion annually in export revenues, risking a budget deficit increase from the planned 0.5% of GDP to nearly 1% of GDP.

Key factors contributing to this challenge include production cuts under OPEC+ agreements, currency fluctuations, and slower global demand growth. While Russia’s relatively low external breakeven price of $41/barrel provides some resilience, the pressure to fund military spending and other priorities is mounting.

As oil remains a cornerstone of Russia’s economy, the country faces tough decisions to manage its budget amid these challenges.

'In a video conference on Thursday, the coalition of crude producers led by Saudi Arabia and Russia was expected to simply remind errant members to respect their output limits, ahead of rubber stamping its existing plan to gradually raise production.

Instead they delivered a major shock — increasing supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices to punish the group’s cheats.

After many months of excess production from Kazakhstan and Iraq, Saudi Energy Minister Prince Abdulaziz bin Salman reached the limit of his patience, delegates said, asking not to be identified because the talks were private. The larger-than-expected May output hike would just be an “aperitif” if those countries didn’t improve their performance, the prince said on the call.'

https://www.bloomberg.com/news/articles/2025-04-03/opec-stuns-oil-market-with-policy-switch-to-drive-down-prices

A fight over over-production might be just what the world economy needs right now... but it also introduces incentives to tariffed countries to stand firmer against the US as relief comes from energy costs?

'“Thousands of Lithuanians lined the streets with dignity and respect to honor the four lost American soldiers,” Matt McDermott posted on X. “Trump prioritized golf over their dignified transfer.”'

https://www.rawstory.com/lithuania/

Maybe the red-pilled MAGA faithful might be starting to realise he is just an Oompa Loompa and not the Divine Leader of the Church of Donaldism sent to save us from ourselves?

OPEC more oil; what do they know we do not? Surely Trump's tariffs will suppress demand; are they trying to dissuade his 'Drill Baby Drill' rhetoric?

Jobs data - there was an article in Business Insider today stating that DOGE has terminated more than 216k jobs. And those job losses will cause cascading job losses...

https://www.businessinsider.com/number-workers-fired-doge-trump-musk-challenger-2025-4

The WSJ makes a good argument that today's falls could just be the beginning:

https://www.wsj.com/finance/investing/market-upheaval-from-trumps-tariffs-could-be-just-the-beginning-e70303f3

Unfriendly paywall

Trump moves to fire several national security officials over concerns they’re not loyal: AP sources

https://x.com/AP/status/1907822055094968346

Jeep maker Stellantis announces it will temporarily lay off 900 U.S. employees in response to tariffs.

https://x.com/ABCNewsLive/status/1907827293470310489

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Share price flat; makes a change. I wonder what happened to halt the down trend?

I missed it live [now at 2pm every Thursday] but always worth a watch / listen

https://www.youtube.com/watch?v=H5PmdK2psNQ

Only 180 views so far; these videos are an under-rated resource.

Blue,

I was being sarcastic... It is still political suicide to talk about rejoining the EU despite the economic damage that has been done [and still is being done].

I doubt that any CANZUK agreement with freedom of movement would fly politically either...