“Governor Hochul, what are the good things in life?” “Crush your enemies, drive them before you, and hear the lamentations of their incels.”
Writes about the economics of the bond market. Live in the Greater Montreal area. Website: www.bondeconomics.com, Substack: https://bondeconomics.substack.com/
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“Governor Hochul, what are the good things in life?” “Crush your enemies, drive them before you, and hear the lamentations of their incels.”
Latest piece is a comment on a paper about "the race between supply and demand." A bit brief, courtesy of The CFL Labour Day Classic Weekend. open.substack.com/pub/bondecon...
In other words, discussions of fiscal policy in the US are always stupid. Trump just dials the stupid up to 11. But that’s what happens when you make dials that go up to 11.
Part of the problem with the Trump “$8 Trillion in tariff revenues” is that serious people in the US have normalised discussing budgets based on 10-year projected totals. There is zero evidence that Trump understands the distinction, never mind the rest of MAGA.
Basically (and I think this is what Chris is really saying; I just don't think it's expressed helpfully by bringing the debt path into the story) the UK has absolutely no problems that couldn't be solved, except the government has promised not to solve them in order to get elected
OK, I’m going with “100% tariff on bananas.”
*TRUMP TO MAKE ANNOUNCEMENT 2:00 PM ET TUESDAY: WHITE HOUSE
Ruin a movie by making it about Gary. The Maltese Gary.
The Visit (La visite), by Marie Laurencin, 1916
Only thing I see against buying is that we’re in September. Making it to December 31, 2026, on the other hand…
They’re selling half dollars for 9 cents.
Poor Elks. They’re just getting beaten up.
Get well, Mr. Mayor. Whoever did this is dethpicable.
"I vaccinated my dog and now he's obsessed with editing the Wikipedia page for the Battle of the Milvian Bridge"
Graham Greene has died. A Canadian acting icon, he earned an Oscar nomination for his role as Kicking Bird in Dances With Wolves. He also won a Grammy, Gemini and Canadian Screen Award, along with the Governor General's Performing Arts Award. He also earned a star on Canada's Walk of Fame.
Back to football. The Stampeders just scored a special teams TD. The Edmonton Elks were making it close, but ouchie.
The Captain White Seafood City boat is currently sailing up the Potomac and is anchoring at the Georgetown Waterfront. There is no crew
18 seconds wasn’t lots of time, but it was exactly enough to win.
Wow. Long reception by Toronto. But if the receiver had not stepped out of bounds, they would have lost on time. Toronto wins. Not sure how many lead changes in the fourth quarter. Great finish.
18 seconds left. “That’s a lot of time in the CFL.”
Hamilton 33-32 (convert to come). Holy cow.
OK, Toronto did not get the first downs. Hamilton pushing…
Toronto snuffs out the comeback attempt. They just need a first down or two to seal the deal.
Although blaming the BoE is plausible, this was still a major screwup in the Her Majesty’s Treasury side. I suggest that Mrs. Truss find out which party was in power since 2010 and thus had access to those bureaucrats.
Been back and forth. 27-25 Hamilton, but Toronto marching. Another good CFL fourth quarter finish.
“Devastating the Argos once again!” Ha ha, Hamilton now up 20-15.
Nate/Noah Smith/MattY are the Triumvirate of Posting Dumb.
"[Starmer's mini reshuffle] is a belated recognition that Starmer delegated too much power to Rachel Reeves, whose political judgement was lacking on means-testing the pensioners’ winter fuel allowance and welfare cuts – both later abandoned" "her political judgement was lacking" is far too polite.
Blocked punt! Hamilton is back, baby.
#sixseasonsandamovie www.youtube.com/watch?v=sg-C...
Labour Day Classic weekend is cool - a big football weekend marking the end of summer and the start of the school year. The closest analogy is watching the Lions lose every American Thanksgiving.
Labour Day Classics continue, much like speculation about celebrity obituaries. Toronto Argonauts at Hamilton (Tiger-Cats). 6-6 with 10 minutes left in the first half. Still warming up.
being Canadian is funny because I look at both and am like "what on earth is happening in the rest of the Anglosphere"
May not be great to be fully invested during The Year Of Three Presidents.
At least they closed the score to keep them honest.
Almost a miracle.
Imagine if this is his last post.
Well, that’s it barring a miracle onside kick.
OK, 2 point convert away from a tie.
Well, that was ugly. Nice quick punt.
Phew.
Frankly, I could go for breaking celebrity obituary news after all.
Yicch. Penalties destroyed that Bomber drive, then a controversial fumble call. Might not be one of those classic fourth quarters.
Last third of the third quarter. Bombers struggle back to 17-17. Shaping up for potentially another CFL Fourth Quarter Classic™️.
Sigh. Castillo miss at “only” 50 yards. Expectations are high when you get a couple 60-yarders in a season.
Sigh, the momentum. 14-10 Riders, two and half minutes left in the half.
Ouellette romps into the end zone. Oh noes, the momentum.
Whoops, the evil Roughriders get the sack/fumble near the goal line this time.
Brock then went to the LA Rams (in LA at the time). Got crushed by the Bears 46 defence in the playoffs as the Bears went on to their Super Bowl Shuffle. A somewhat immobile old school pocket passer was not a great matchup against the Bears defence.
Dieter Brock was a story. Amazing strong arm, led the Bombers for years, although Winnipeg had a Grey Cup drought. Then his wife badmouthed Winnipeg and the fans got PO’d. Traded away to Hamilton, and lost to the Bombers when they finally broke the Grey Cup drought.
10-0 Bombers. Roughriders held out inside the 10.
Oliveira runs over the faces of the hapless Rider defence - good triumphs again. 7-0 Winnipeg. Collaros surpassed Dieter Brock in total passing yards. Brock was a story. Oops, Winnipeg stripped the ball on a sack. Knocking on the door again…
History note: this is the 60th Labour Day Classic in Regina. Demski now has catches in 82 consecutive games. End of quarter. 0-0, but Winnipeg threatening.
Halfway through the first quarter- still 0-0. Defence winning.
Labour Day Classic in Regina on deck. Have a <> ready. Definitely a Quebeçois view of what makes an English vibe. Repeat: please no breaking celebrity obituary news on my timeline for 3 hours.
I am curious about the “went to a farm upstate” saying. New York state has upstate New York (where we used to go camping), but is that expression used in other states?
What libs don’t understand is that the President has decided to go and live in a beautiful farm upstate where there are plenty of open green fields and he can run and run and run.
He’s got his people coming up with debunkable “proof of life” photos to rile up the libs while he binge-watches Foundation and getting ready to watch the Labour Day Classic.
An adorable raccoon doing mathematics.
3 hours and 20 minutes until the Bombers/Riders Labour Day Classic. Please keep celebrity obituary news off my timeline until the game is over. Thank you for your attention to this matter.
Sure, everything is going all to heck, but it’s amazing content.
Put a mirror in front of him. “Look, there’s a thin film of fog!”
Rookie numbers in UK/Germany.
Live look of INDOPACOM:
The bright side of Trump showing up for golf today is that “events” down south will not overshadow The Labour Day Classic (tomorrow is Bombers/Riders, Monday is the battles of Southern Ontario/Alberta).
“Trump hasn’t been seen in three days raising fresh questions about Biden’s health” - NYT Pitchbot
*gently to my cat*: you cant be a little fucker. You have to be good. No more being a little fucker. *My cat, purring*: the Being a Fucker hour draws near
I lean towards the “planned medical treatment” theory. I only would upgrade the theory if American state media starts showing “Cats” on a loop.
Time for the Swifties and Ms. Swift’s lawyers to burn the organisation to the ground.
RETVRN to gunboat diplomacy. Whee.
One of the problems with this comparison - which you can see in this article - is that the IMF bailout was *not* about bonds, but about currency reserves (hence the proximate cause was a currency run after the Bank screwed up a devaluation). It is amazing how even experts regularly get this wrong.
Leaving aside the merits of either tax, weeks of speculation & stories like this are just actively unhelpful.
Unless this creates enough certainty to get countries to resume delivery to the US, package deliveries will have be a lot lower.
Lol, lmao.
"Pat, why do you carry that ridiculous 600mm lens on long hikes?" Buddy, I can see mountains reflected in the eyes of a trailside pika.
Time to make friends with the locals in the Eastern Townships or in Mohawk territory.
Trump's tariffs causes SSENSE to file for bankruptcy protection. Devastating to small designers, as SSENSE is an important retailer for them.
Alright, this is genius robmanuelfuckyeah.substack.com/p/ive-got-a-...
Ouchie.
The 107th Mechanized Treatlers are going to drive a Temu tank onto the White House lawn
(“The ratio” was well known engineering student jargon in the 1980s, being the percentage of women students in engineering. This term is luckily now archaic.)
One of the few times I was in an American university was when I billeted in a dorm as a 20 y/o. One of the residents asked me if I wanted to drink with the other 20 y/o guys instead of going to a dance? Coming from a drinking age 18 province, my answer was “lol, lmao, the ratio at McGill is 40%.”
brb just sawing off my ears
Unless universities can structure a Master’s/Ph.D. as two programs of 4 years max each, kiss foreigners coming to the US for Ph.D.’s goodbye under this rule. American universities will be a place to go study football.
Amazon was unprofitable for years BUT it was free cash flow positive from a very early point - having customers pay Amazon before it had to pay invoices meant Amazon could expand quickly without needing additional capital. That’s extremely different than Anthropic or OpenAI.
I realize I forgot to post out last week's blog post, so this (last) week on the blog: more on peasants! We're turning to the question of labor and so we're seeing how we can estimate what the resource demands for survival and comfort might look like. acoup.blog/2025/08/22/c...
Ruin a book by adding Tom Clancy’s to the title. Tom Clancy’s General Theory of Employment, Interest and Money
Not Liechtenstein!!
do you know how many full foil, competitive Legacy decks you could get for 100K? (At least one, I think)
A big part of the Wickham thesis is that the Western Roman Empire did not suddenly collapse, what happened was that tax revenue was crippled by the loss of African colonies, and the military switched to being supported by land, not paid salaries. This then evolved into the successor states.
Tuffy 