The Egg
I Love Drugs 💊
I love Drugs… One pill makes you large, one pill makes you small, and the one that mother gives you won’t do anything at all.
I get so annoyed with Facebook ads, and like so many times when I am aimlessly scrolling through Facebook I posted that stupid comment on some post advertising medication for heroin addiction, because apparently I am kind of person who needs such ads. Maybe I do look a little to much at videos of rednecks burning shit, hog and cattlee farms, and even once and a while smoke a little legal weed up at camp, apparently such a comment got me sent promptly to Facebook Jail for two months for promoting narcotics.
Honestly, if you want to do drugs, enjoy them. Science suggests that addictive nature of most drugs is vastly overstated, that the war of fear is mostly created by a cops to make it look like they are important and deserve better pay and larger pensions. Just don’t drink and drive or otherwise operate machinery when your intoxicated and can hurt others. Intoxicated driving, handling firearms after drinking or making critical and life altering decisions while intoxicated is really bad. Certainly I’ve enjoyed a few booze fueled open bar nights in my youth. But I always just catch a bus home after I’ve been sloshing in the beer. When I get stoned up at camp, I don’t go anywhere but on my mountain bike, and if I skin up a knee, oh well, too bad. That’s my problem. Just live the life you want to live is my view. While I won’t say I’m a tee-tolaler, because it annoys people to say I don’t drink except at camp and occasionally out socially, I don’t drink or smoke at home. And the only illegal drug I’ve ever used with a puff of the shit marijuana back before it was legal. Not the good stuff I buy maybe once or twice a year at the depensary for $15 for that occasional night of giggling up at camp.
It’s stupid. Now I can’t list on Facebook Marketplace, Big Red until the end of July but then again I’ll just post it on my regular Facebook page, share with friends and maybe Cars.com or CraigsList. I am hoping one of my colleagues or friends will buy my old truck off me, and I can show them all the rust and rot. Worse comes to worse, there’s always Carvana or I could scrap it. But I think a few people I know are interested in my old rig, even if it does need some welding to get back on the road safely, though I suspect you could drive it right away if you got plates.
I realized I don’t have to put up with those Facebook Ads which always seem like a complete troll selling stupid products I would never buy. I can just install Adblock on Firefox, and both on the mobile and web version avoid the ads on Facebook. Normally, I wouldn’t hate ads so much, but it seems like Facebook ads have become so prevalent and almost harassing in their messages – “See What You Need Is…” BETTER HELP! Or Drug Addiction Help! Or Sign Up with Our Financial Advisory Firm! Buy our cheap nasty trucks! Maybe it’s because I don’t have a television but I find web ads and all the tracking to be so obnoxious, even if I do like that $1,000 or so I get each year from my blog.
Lean-To
What I’m watching – the bond markets 🏦
This week the global bond market is experiencing a severe deepening rout, driving government borrowing costs to multi-year highs. Investors are shifting out of fixed-income assets due to persistent energy-driven inflation fears, heavy corporate debt issuance, and a major leadership transition at the U.S. Federal Reserve.
Soaring Treasury and Sovereign Yields
Yields, which move inversely to bond prices, have surged significantly across the globe:
- The U.S. 30-Year Treasury yield has hit 5.20%, its highest level since 2007 on the eve of the global financial crisis.
- The U.S. 10-Year Treasury note has reached 4.68%, a peak last seen in early 2025.
- Global bond yields are climbing in tandem, with Japan’s 10-year government bond matching levels from the 1990s and the Group of Seven (G7) average 10-year borrowing rate approaching 4%.
Key Drivers of Market Volatility
- Geopolitical Strains and Oil Shocks: The ongoing conflict involving Iran has caused massive energy market disruptions. The closure of the Strait of Hormuz has sent Brent crude climbing past $105–$109 per barrel. Investors fear this spike will cause long-term, structural inflation.
- Fed Leadership Transition: High uncertainty surrounds the future path of interest rates following the confirmation of Kevin Warsh as the new Federal Reserve Chair, replacing Jerome Powell.
- Sticky Inflation Prints: U.S. economic data revealed a hotter-than-expected April Consumer Price Index (CPI) at 3.8% year-over-year. This has forced traders to price in a 50% chance of a rate hike by December, completely reversing previous expectations of rate cuts.
- Changing Buyer Demographics: The market faces structural strain as price-sensitive hedge funds trading through custody hubs (like the UK, Belgium, and the Cayman Islands) replace historically steady, less price-sensitive foreign central banks.
Impact on Corporate and Credit Markets
- The AI Debt Avalanche: High-yield and investment-grade corporate bonds are seeing a massive influx of new issuance. Mega-cap “hyper-scalers” are tapping the market heavily to finance expensive artificial intelligence infrastructure, with projected sector issuance soaring up to $250 billion.
- Resilient Spreads: Despite the bond sell-off, investment-grade credit spreads remain remarkably resilient, narrowing slightly due to strong corporate fundamentals and robust retail fund inflows.
- Broader Economic Headwinds: Analysts warn that if the 10-year yield breaks past 5%, it risks inducing “demand destruction” that could trigger a global spending crunch, dragging down equities and spiking consumer mortgage rates.
Molon Labe
Redneck ASMR Burning Trash on a Nice Day
Ah the smell and freedom of country living, none of this silly recycling or garbage hauling crap. I so love burning shit!
