Friedman Was Right, Just Mostly Misquoted...

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids). Many of the Polymarket Strait of Hormuz “prediction”...

Microsoft Triples-Down On Data Centers, As Half Of Planned Projects Face Cancelations, Delays Microsoft unveiled plans to triple its data center footprint in Cheyenne, Wyoming, snapping up roughly 3,200 acres on the city's south edge.  The deal covers a 200-acre parcel in Bison Business Park plus an adjacent 3,000-acre tract, turning what is already one of the company's longstanding hubs into a sprawling complex.  With 11 data centers operational and three more under construction across four campuses, the tech giant is betting big on the Cowboy State's energy resources and workforce.  A company...

Georgia Governor Signs Bill Suspending State Gas Tax For 60 Days Authored by Aldgra Fredly via The Epoch Times (emphasis ours), Georgia Gov. Brian Kemp signed a bill on March 20 suspending the state’s gasoline tax for 60 days, the first such move taken by a U.S. state since the U.S.–Israeli war with Iran began in late February. Georgia Gov. Brian Kemp delivers the State of the State address on the House floor of the state Capitol in Atlanta, Ga., on Jan. 25, 2023. Alex Slitz/AP Photo The legislation, dubbed HB 1199, will...