The stable genius assumes HUD exists solely for affordable housing, which only one specific demographic needs.
Investor. Trader. Aspiring Economist. Practitioner of Technical Analysis. Photographer. Woodworker. Runner. @UMich. @BITSPilaniIndia. http://www.marketremarks.com https://marketremarks.substack.com/
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The stable genius assumes HUD exists solely for affordable housing, which only one specific demographic needs.
I can even see a plethora of future books from the usual suspects.
US factory construction continues steadily declining as CHIPS & IRA projects either complete or cancel—in official data released today, overall US manufacturing construction activity is down 7% compared to last year & electronics/electrical manufacturing construction is down 14%
XME has been outperforming the SOX for quite some time. Today it is trying to cross that middle blue line. I have been noting this in Saturday Chart Fest for a while now. helenemeisler.substack.com/p/saturday-c...
#Manufacturing purchasing managers are severely depressed: ❗️"Tariffs wreak havoc" ❗️"Too much uncertainty" ❗️"Unstable" policy ❗️"Worse than Great Recession" ❗️"Layoffs" 15% ❗️"It's survival" ❗️"Made in USA more difficult due to #tariffs"
AI Pick & Shovels names having a bad time
Like Britannia before it, American primacy rests on Ruling the Waives.
If they can be stripped by an executive order then they were neither rights nor protections to begin with.
#ISM 🇺🇸
That—federal crime-fighting assistance—was always there: FBI & DOJ. What’s been ordered now is something else entirely. Negotiating over it is a walk down a slippery slope. There’s no such thing as being a little bit pregnant.
. THIS is one of the biggest problems of our time . . . ⬇️ ⬇️ ⬇️ .
Do you remember? www.youtube.com/watch?v=Gs06...
Romeo & Juliet by the Killers
The best Knopfler song performance was Romeo & Juliet by Indigo Girls and I don’t think it’s even close. The raw got damned emotion in her voice is just 😵
Just in case ‘splainer. The film (classic 70s Bollywood) means Master (like Alexander) of Destiny.
William Dalrymple, The Golden Road Charles Keith Maisels, Early Civilizations of the Old World John Thornton, Africa and Africans in the Making of the Atlantic World David Northrop, Africa's Discovery of Europe
Amitav Acharya & Manjeet Pardesi Divergent Worlds Jonathan Haas, The Evolution of the Pre-Historic State Steven Mithen, The Language Puzzle Thomas Patterson, Inventing Western Civilization Josephine Quinn, How the World Made the West Howard French, Born in Blackness
This clips runs as part of the Paley Center for Media’s exhibit on Johnny Carson in NYC — and I cannot get enough of it. @fallontonight.bsky.social
Lisa Cook is dead cool and it may be one of those instances where the messers become the messees on.ft.com/46cQKRl
To be fair, bending the laws is not a big ask in this admin.
Here's a fun Friday surprise: @bcdreyer.social -- aka America's Copy Editor -- is teaching an online class with us this fall! ✏️ A Copy Editor’s Guide: Four Lessons on the Art, Craft, and Refinement of Prose begins Oct. 6. (Oh how we've proofed and reproofed this skeet lol...) buff.ly/OXfXYYw
The Era of American Pettiness.
Although investment in software “only represents 4% of the economy, its 0.6ppt contribution to GDP growth in Q2 was the same as that of consumer spending on services — which represents 47% of the economy ..” @gregdaco.bsky.social @lydiadepillis.bsky.social www.nytimes.com/2025/08/27/b...
📈Sorting through the #GDP noise in Q2 🟢GDP +3.3% 🟢Final sales (ex inventory): 6.8% 🟠Final sales to domestic purchasers (ex.. & net trade): +1.6% 🟠Final sales to private domestic purchasers (ex... & gov spend): +1.9%
US #GDP growth mirage outside of AI-boom 📉Real #GDP Q2 '25 ✅+3.3% q/q (+0.3pt) ✅+2.1% y/y 🛒Consumer +1.6% 🏘️Resid -4.7% 👩💻Biz invest +5.7% 📦Trade +5.0pt (Record) 🏗️Inventories -3.3pt 🏦Gov -0.2% 📉PCE #inflation ✅Headline 2.4% y/y (-0.1pt) ✅Core 2.7% y/y (-0.1pt)
Under a different SCOTUS ( and GOP Senate), he was wrong.
That would be four out of a 12 members FOMC that sets the rate.
The elites were not wrong about him in 2016 or 2024. They were just wrong about the American people. Andrew Shepherd said it well - www.youtube.com/watch?v=HKTq...
I wouldn't call it 'the stupidity of this action.' That may be true for the public and the nation, but for him and his enablers, it's an ego trip—a thrill born of wielding absolute power.
Exactly. In separate lanes, they support each other, but when their paths cross, they grow cross with each other. Modi-Trump is another case.
Wars dismantle health infrastructures and fracture social networks, leading to countless deaths that never make it into the official casualty counts. The chaos serves the belligerent leaders, while ordinary people bear the cost.
Surprisingly, Meloni seems to be most pissed in the picture.
And a friend sends me this, from a prominent crypto bro 2/
I still can't fathom them abstaining from the appointment of Goolsbee.
ourworldindata.org/global-inequ...
How can it be grant and investment too?
"We have no knowledge the story is false, therefore we're absent malice." youtu.be/ZMj3uqFKG84?...
You must be from DC. IYKYK.
Does that mean that they will not have to pay state taxes? I am not holding my breath.
The Fed is scrapping its strategy for dealing with ZIRP, now facing the opposite challenge: high and increasingly volatile inflation. www.wsj.com/economy/cent...
www.freightwaves.com/news/mass-la...
The use of stablecoins has increased--increasing roughly 28% year-over-year. Their total transaction volume--$27.6 trillion--surpassed the combined volume of Visa and Mastercard in 2024. bit.ly/41UqUPs
1.8 million tokens became “dead coins” in the first quarter of 2025 alone. www.coingecko.com/research/pub...
The background. www.investmentnews.com/fintech/ric-...
Will someone, anyone, step forward and soothe us—tell us, with unwavering certainty, that nothing will go wrong with this?
This is happening in Spain, while here we’re tangled in debates over terms like ‘pregnant person.’ Soon we may be dealing with pregnant things or test-tubes not just pregnant person. bit.ly/4lHiW3t
Top gold-producing countries ourworldindata.org/data-insight...
Can't say it's name. Need to be silent.
I will research and see if the data is available.
It seems that many officially allowed to work including on TPS are eligible.
More like Free Liberties in Personal Markets.
How many who could have filed claims have been detained or deported? Is that data available?
The UK steel and aluminium industry wants relief from the Government. www.thetimes.com/business-mon...
Still Waiting for Godot. www.wsj.com/economy/trad...
The new C-Suite coming soon: No diversity, please. www.thetimes.com/us/business/...
The Tax Bill: WY, WA, and MA would see the largest average tax cuts in 2026--reductions of $5,375, $5,372, and $5,139, respectively. WV and MA would see the smallest cuts-- $2,503 and $2,401 per taxpayer. taxfoundation.org/data/all/fed...
Shipment index rose in Q2 from Q1 but declined year-over-year.
www.freightwaves.com/news/us-truc...
#NFP 🇺🇸 @mikezaccardi.bsky.social
AI Is Power-Hungry open.substack.com/pub/paulkrug...
What Happens If AI Hits An Energy Wall? open.substack.com/pub/paulkrug...
holy shit this is a helluva ad from the Democrat running against Joni Ernst in Iowa. worth every second
I only recently discovered Elizabeth Keckley’s firsthand account of her life with the Lincolns and her brutal personal accounts of violence when she was a slave before that - I’m angry that we didn’t read it in high school www.gutenberg.org/files/24968/...
It was one of the few times he was left speechless.
If you decipher his speech, then each sentence is revealed to be "I want Nobel."
We are outraged and deeply distressed that armed federal agents came onto our campus—making arrests on the very ground where, in 1942, Japanese American families were forced to board buses bound for concentration camps. It was a deliberate act of provocation and intimidation.
The parallels are stark: entire communities were forcibly removed from the West Coast in 1942 and today our immigrant brothers and sisters face the terror of ICE and CBP raids across the country. It was a miscarriage of justice then, and it is a miscarriage of justice now.
We need the Blues Brothers now -- BBNOW. youtu.be/ZTT1qUswYL0?...
Iisteners feel the after listening to one of her interviews.
I like this concise explanation for how Germany fell into line behind the Nazis, written by a journalist in 1939 and quoted in Richard J. Evans's 'The Coming of the Third Reich' (2003). (2/6)
Liked “elongated pass-through”—it’s more descriptive than “transitory.” The peak would be lower, as two opposing forces are acting on prices: disinflationary due to the waning Covid effect, and inflationary due to tariffs. Prices will rise on tariffed goods, substitutes, and services sequentially.
Our guide to a fiendishly complicated calculation
BREAKING: Jeff Daniels on Donald Trump: "We’re supposed to elect the best of us, not the worst of us. He’s everything that’s wrong with not just America but being a human being.” ❤️ if you support Daniels
In no particular order - Lifeboat - Foreign Correspondent - Rope - Saboteur - Torn Curtain
Are we at the "trains were running on time under Mussolini" stage?
“The AI in the study probably prompted doctors to become over-reliant on its recommendations, ‘leading to clinicians becoming less motivated, less focused, and less responsible when making cognitive decisions without AI assistance,’ the scientists said in the paper.”
There were 159,539,000 jobs in July. The fears about accuracy refer to the possibility that it was actually 159,439,000 or 159,639,000. Don't get me wrong, I like accurate numbers more than most people, but still: the data is pretty darn good and suspending the data is corrupt.
It may be funny and worth a laugh, but in all seriousness, a dog should never bite a person—unless it's being threatened, protecting someone, or guarding property.
The fix is in.
A sovereign wealth fund is when you have to find a place to invest the foreign reserves you accumulated by running a balance of payment surplus. When you give politicians control of pension money, that's called a political slush fund.
Off course they do, but they believe in punching down more.
this was a fun watch while I was zwifting this weekend, though calling it an "American" house is preposterous. dovetail joinery on the damn sill plates?? www.youtube.com/watch?v=vRn8...
Also, if a company pays a ransom fee then the national security threat goes away.
Who will the defenders of democracy be this time? @financialtimes.com www.ft.com/content/69ab...
As Michael Mann said: the US is becoming a petrostate, while China becomes an electrostate. @michaelemann.bsky.social
“By indulging in the spectacle, the Apple boss helped legitimize Trump’s transactional style. .. Cook may see it as a small concession.. but the performance.. signaled to other corporate leaders that pandering is the price of doing business.” @passantino.bsky.social www.status.news/p/tim-cook-g...
Happy b’day, “Give Me the Night” — the iconic LP released by George Benson 45 yrs ago today “After a month in the studio,” he said, “I’d packed my bags when Quincy [Jones] called & said they had one more song for me. I wanted to go home but he insisted: “Man, it’s a good song. It won’t take long.”
Mathematicians get their kicks on 8.1240384
There is a word for "Land-for-Peace" deals - surrender.
Story time: My Dad's engineering co (NYC) he ws chief estimator for years, did work for trump. At 80% complete and paid Rump said I'm not paying u the 20%. And if you don't accept those terms you will lose the new project u just got from me. It effectively wiped out any profits for the work they did
Definitely a lot of horseshit. Eight of top ten companies in the world are American.
“Your studio execs were so preoccupied with whether or not they could, they didn't stop to think if they should.”
BNP PARIBAS: “.. With tariff collections climbing, we expect pass-through pressure on US non-vehicle core goods prices to intensify in July. We see non-vehicle core goods rising 0.65% m/m, helping propel core #CPI to a 0.32% print.”
BoE is materially more hawkish and expects higher inflation than in May - we have changed our forecasts for rate cuts at Monetary Policy Radar on.ft.com/45tbX89
Folks on the right should find that red line to be deeply, deeply embarrassing
At an event commemorating the 200th birthday of the United States, a sitting Supreme Court Justice was invited to celebrate "the memory of the Founders and the document they drafted in Philadelphia." Justice Thurgood Marshall declined
Peth Hegseth has announced that the Arlington Confederate Monument - or, as I call it, the Monument to the Myth of the Loyal Slave - will be reinstalled after its 2023 removal. Here's why that's a huge insult to Black Americans, past and present.
Nick 