Bob Burgess
@bobburgess.bsky.social
Bloomberg Opinion Executive Editor and markets/eco columnist. Former Executive Editor for Global Markets. Opinions are my own.
"President Donald Trump's firebrand housing finance director, Bill Pulte, fired internal watchdogs at the Federal National Mortgage Association who were looking into multiple complaints against a high-ranking company officer close to him..."
www.washingtonpost.com/business/202...
www.washingtonpost.com/business/202...
Housing official Bill Pulte fired ethics workers who were looking into his ally
The actions have also sowed uncertainty and undermined confidence in Federal Housing Finance Agency Director Bill Pulte across the housing finance industry.
www.washingtonpost.com
November 10, 2025 at 10:00 PM
"President Donald Trump's firebrand housing finance director, Bill Pulte, fired internal watchdogs at the Federal National Mortgage Association who were looking into multiple complaints against a high-ranking company officer close to him..."
www.washingtonpost.com/business/202...
www.washingtonpost.com/business/202...
Will they be paid before or after the dividend from all the savings DOGE found?
Trump: "We're gonna issue a dividend to our middle income people and lower income people of about $2,000, and we're gonna use the remaining tariffs to lower our debt."
November 10, 2025 at 9:00 PM
Will they be paid before or after the dividend from all the savings DOGE found?
"Trump’s let-them-eat-cake vibe underscores the distance between him and the average American."
(1/2)
www.bloomberg.com/opinion/arti...
(1/2)
www.bloomberg.com/opinion/arti...
Trump’s Spin on the Economy Won’t Work
President Donald Trump is taking a page from former President Joe Biden when it comes to the economy: trying to convince Americans that their lived experiences of higher prices aren’t real. It’s a hea...
www.bloomberg.com
November 10, 2025 at 6:16 PM
"Trump’s let-them-eat-cake vibe underscores the distance between him and the average American."
(1/2)
www.bloomberg.com/opinion/arti...
(1/2)
www.bloomberg.com/opinion/arti...
*BRIAN DABOLL IS OUT AS GIANTS HEAD COACH: ESPN
November 10, 2025 at 5:44 PM
*BRIAN DABOLL IS OUT AS GIANTS HEAD COACH: ESPN
"You won’t find the company saying as much publicly. Instead, it’s consistently offered the same answer after each episode, attempting to distance itself from not only the raids but also the workers who are getting hauled off in unmarked vans from its property."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Home Depot Can’t Ignore Its ICE Problem Forever
There is no company in the US that has become more closely associated with Immigration and Customs Enforcement raids than Home Depot Inc.
www.bloomberg.com
November 10, 2025 at 5:25 PM
"You won’t find the company saying as much publicly. Instead, it’s consistently offered the same answer after each episode, attempting to distance itself from not only the raids but also the workers who are getting hauled off in unmarked vans from its property."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
"...most Americans don’t hate on billionaires. This is the land of celebrated inventors and swashbuckling entrepreneurs that gave us the internet and smart phones and electric cars and now artificial intelligence, to name just a few recent innovations." (1/2)
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
The Trillionaires Are Coming. They Can Pay Their Workers Now.
The world may soon have its first trillionaire. Tesla Inc.’s shareholders on Thursday approved a compensation package that would pay Chief Executive Officer Elon Musk $1 trillion dollars over 10 years...
www.bloomberg.com
November 10, 2025 at 5:23 PM
"...most Americans don’t hate on billionaires. This is the land of celebrated inventors and swashbuckling entrepreneurs that gave us the internet and smart phones and electric cars and now artificial intelligence, to name just a few recent innovations." (1/2)
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Bankers in the Dallas Fed's monthly survey don't seem so optimistic about the economy:
"We expect a recession in the next 12 months"
"We expect a recession in the next 12 months"
November 10, 2025 at 4:14 PM
Bankers in the Dallas Fed's monthly survey don't seem so optimistic about the economy:
"We expect a recession in the next 12 months"
"We expect a recession in the next 12 months"
Reposted by Bob Burgess
China has made a big symbolic point by raising dollar-denominated bonds at no premium to Treasuries. Which is probably good for emerging markets:
www.bloomberg.com/opinion/news...
www.bloomberg.com/opinion/news...
Emerging Markets Can Swim Naked for a While
China’s credit compared to the US means a favorable tide for many countries.
www.bloomberg.com
November 10, 2025 at 3:08 PM
China has made a big symbolic point by raising dollar-denominated bonds at no premium to Treasuries. Which is probably good for emerging markets:
www.bloomberg.com/opinion/news...
www.bloomberg.com/opinion/news...
Reposted by Bob Burgess
Perplexity is up for a fight ... not that it has much choice. My @opinion.bloomberg.com column today on bad practices, secretive AI browsers and the "open web"
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Perplexity Is AI’s New Pit Bull
The way Perplexity AI Inc. frames it, the company is something of a freedom fighter for the open web. Its “answer engine” — don’t call it a chatbot — is democratizing access to information just as Goo...
www.bloomberg.com
November 10, 2025 at 3:13 PM
Perplexity is up for a fight ... not that it has much choice. My @opinion.bloomberg.com column today on bad practices, secretive AI browsers and the "open web"
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
It was a junior analyst at Waterfall Asset Management, a lender into the JPMorgan-run warehousing facility, who first questioned Tricolor’s loan data and collateral - ie. not the bank’s own diligence…
Inside Tricolor’s Frantic Collapse
www.bloomberg.com/news/feature...
Inside Tricolor’s Frantic Collapse
www.bloomberg.com/news/feature...
Tricolor's Frantic End Was Sparked by a Phone Call From JPMorgan
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on, when his phone lit up.
www.bloomberg.com
November 10, 2025 at 12:53 PM
It was a junior analyst at Waterfall Asset Management, a lender into the JPMorgan-run warehousing facility, who first questioned Tricolor’s loan data and collateral - ie. not the bank’s own diligence…
Inside Tricolor’s Frantic Collapse
www.bloomberg.com/news/feature...
Inside Tricolor’s Frantic Collapse
www.bloomberg.com/news/feature...
"The transaction...relies upon unproven technology..."
"Vulcan doesn’t have much experience as a magnet producer..."
Yet, it's getting a $620 million loan from the Defense Department and $50 million from the Department of Commerce.
"Vulcan doesn’t have much experience as a magnet producer..."
Yet, it's getting a $620 million loan from the Defense Department and $50 million from the Department of Commerce.
The White House using taxpayer funds to invest in a startup whose investors include the President's son?
"The transaction...involves an investor group led by Brad Gerstner's Altimeter Capital...that includes 1789 Capital, where...Trump's eldest son is a partner."
www.bloomberg.com/opinion/arti...
"The transaction...involves an investor group led by Brad Gerstner's Altimeter Capital...that includes 1789 Capital, where...Trump's eldest son is a partner."
www.bloomberg.com/opinion/arti...
A $1.4 Billion Rare-Earth Deal With a Trumpian Twist
As the US seeks to counter China’s threat to use its dominance in rare-earth elements to squeeze American manufacturers, the government is using public-private partnerships to hasten the production of...
www.bloomberg.com
November 7, 2025 at 1:41 PM
"The transaction...relies upon unproven technology..."
"Vulcan doesn’t have much experience as a magnet producer..."
Yet, it's getting a $620 million loan from the Defense Department and $50 million from the Department of Commerce.
"Vulcan doesn’t have much experience as a magnet producer..."
Yet, it's getting a $620 million loan from the Defense Department and $50 million from the Department of Commerce.
The White House using taxpayer funds to invest in a startup whose investors include the President's son?
"The transaction...involves an investor group led by Brad Gerstner's Altimeter Capital...that includes 1789 Capital, where...Trump's eldest son is a partner."
www.bloomberg.com/opinion/arti...
"The transaction...involves an investor group led by Brad Gerstner's Altimeter Capital...that includes 1789 Capital, where...Trump's eldest son is a partner."
www.bloomberg.com/opinion/arti...
A $1.4 Billion Rare-Earth Deal With a Trumpian Twist
As the US seeks to counter China’s threat to use its dominance in rare-earth elements to squeeze American manufacturers, the government is using public-private partnerships to hasten the production of...
www.bloomberg.com
November 7, 2025 at 1:19 PM
The White House using taxpayer funds to invest in a startup whose investors include the President's son?
"The transaction...involves an investor group led by Brad Gerstner's Altimeter Capital...that includes 1789 Capital, where...Trump's eldest son is a partner."
www.bloomberg.com/opinion/arti...
"The transaction...involves an investor group led by Brad Gerstner's Altimeter Capital...that includes 1789 Capital, where...Trump's eldest son is a partner."
www.bloomberg.com/opinion/arti...
WOW! Trump Media & Technology Group has really tanked over the last week, and is now down more than 60% this year when the S&P 500 is up 15%
November 6, 2025 at 8:15 PM
WOW! Trump Media & Technology Group has really tanked over the last week, and is now down more than 60% this year when the S&P 500 is up 15%
Reposted by Bob Burgess
Not only was Sandwich Guy acquitted.
He was acquitted on a misdemeanor after Jeanine Pirro failed to get an indictment for a felony assault charge out of a grand jury. www.washingtonpost.com/dc-md-va/202...
He was acquitted on a misdemeanor after Jeanine Pirro failed to get an indictment for a felony assault charge out of a grand jury. www.washingtonpost.com/dc-md-va/202...
Jury finds D.C. ‘sandwich guy’ not guilty of assaulting officer
Sean C. Dunn admitted he flung the hoagie at a federal agent. His attorneys called it a “harmless gesture” of protest as Trump commandeered D.C. police.
www.washingtonpost.com
November 6, 2025 at 8:06 PM
Not only was Sandwich Guy acquitted.
He was acquitted on a misdemeanor after Jeanine Pirro failed to get an indictment for a felony assault charge out of a grand jury. www.washingtonpost.com/dc-md-va/202...
He was acquitted on a misdemeanor after Jeanine Pirro failed to get an indictment for a felony assault charge out of a grand jury. www.washingtonpost.com/dc-md-va/202...
*SANDWICH THROWING EX-DOJ EMPLOYEE ACQUITTED IN ASSAULT CASE
November 6, 2025 at 7:29 PM
*SANDWICH THROWING EX-DOJ EMPLOYEE ACQUITTED IN ASSAULT CASE
Cadwalader, one of the law firms that bowed to the Trump administration and agreed to provide $100 million of pro bono work, has lost almost one-fifth of its partners this year and is now seeking another firm to merger with:
November 6, 2025 at 7:28 PM
Cadwalader, one of the law firms that bowed to the Trump administration and agreed to provide $100 million of pro bono work, has lost almost one-fifth of its partners this year and is now seeking another firm to merger with:
Reposted by Bob Burgess
If you’re a rational reader of Money Stuff, you’re stuck between a rock and a hard place. www.bloomberg.com/opinion/news...
Elon Wants His Votes
Also bond auctions, Forge, crypto treasury companies and Aurinia.
www.bloomberg.com
November 6, 2025 at 6:51 PM
If you’re a rational reader of Money Stuff, you’re stuck between a rock and a hard place. www.bloomberg.com/opinion/news...
November 6, 2025 at 4:21 PM
"..wholesale turkey prices have surged 75% since October 2024, according to analysis by the Purdue University College of Agriculture."
www.cnbc.com/2025/11/06/t...
www.cnbc.com/2025/11/06/t...
November 6, 2025 at 3:03 PM
"..wholesale turkey prices have surged 75% since October 2024, according to analysis by the Purdue University College of Agriculture."
www.cnbc.com/2025/11/06/t...
www.cnbc.com/2025/11/06/t...
ABBY MCCLOSKEY:
"But a year out from the 2026 midterm elections, Democrats are still at a structural disadvantage. ... Last year, a larger share of Americans identified as Republican than at any time since 1991."
www.bloomberg.com/opinion/arti...
"But a year out from the 2026 midterm elections, Democrats are still at a structural disadvantage. ... Last year, a larger share of Americans identified as Republican than at any time since 1991."
www.bloomberg.com/opinion/arti...
Democrats, Curb Your Enthusiasm
By any metric, Tuesday’s elections were a blowout. Democratic Socialist Zohran Mamdani is the new mayor of New York City. The new Democratic governors in Virginia and New Jersey won with double-digit ...
www.bloomberg.com
November 6, 2025 at 2:38 PM
ABBY MCCLOSKEY:
"But a year out from the 2026 midterm elections, Democrats are still at a structural disadvantage. ... Last year, a larger share of Americans identified as Republican than at any time since 1991."
www.bloomberg.com/opinion/arti...
"But a year out from the 2026 midterm elections, Democrats are still at a structural disadvantage. ... Last year, a larger share of Americans identified as Republican than at any time since 1991."
www.bloomberg.com/opinion/arti...
JONATHAN LEVIN:
"The stock market is never the perfect barometer for the real economy, but the messages it’s sending lately aren’t particularly encouraging."
www.bloomberg.com/opinion/arti...
"The stock market is never the perfect barometer for the real economy, but the messages it’s sending lately aren’t particularly encouraging."
www.bloomberg.com/opinion/arti...
AI Is Eating All the Earnings
For investors, a concentrated portfolio of equity-market winners tends to work just fine — until it doesn’t. At the moment, the S&P 500 is a case in point: Its earnings remain both spectacular and...
www.bloomberg.com
November 6, 2025 at 2:27 PM
JONATHAN LEVIN:
"The stock market is never the perfect barometer for the real economy, but the messages it’s sending lately aren’t particularly encouraging."
www.bloomberg.com/opinion/arti...
"The stock market is never the perfect barometer for the real economy, but the messages it’s sending lately aren’t particularly encouraging."
www.bloomberg.com/opinion/arti...
"...an old climate joke...goes, 'You may not believe in climate change, but your insurance company does.' If you’re in the market for new environmental humor...you can now update this to say, 'You may not believe in climate change, but the stock market does.'"
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
You Know Who Believes in Climate Change? The Stock Market
There’s an old climate joke that goes, “You may not believe in climate change, but your insurance company does.” If you’re in the market for new environmental humor — and really, who isn’t? — you can ...
www.bloomberg.com
November 6, 2025 at 2:25 PM
"...an old climate joke...goes, 'You may not believe in climate change, but your insurance company does.' If you’re in the market for new environmental humor...you can now update this to say, 'You may not believe in climate change, but the stock market does.'"
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
NOAH FELDMAN:
"The takeaway is that the tariffs may actually fall because of the conservative justices’ sincere commitment to their own judicial philosophies."
www.bloomberg.com/opinion/arti...
"The takeaway is that the tariffs may actually fall because of the conservative justices’ sincere commitment to their own judicial philosophies."
www.bloomberg.com/opinion/arti...
The Supreme Court’s Conservatives May Be the End of Tariffs
Until now, the US Supreme Court has been modestly deferential to Donald Trump’s executive overreach. Oral arguments in the case challenging the legality of the president’s tariffs suggest that this ma...
www.bloomberg.com
November 6, 2025 at 2:22 PM
NOAH FELDMAN:
"The takeaway is that the tariffs may actually fall because of the conservative justices’ sincere commitment to their own judicial philosophies."
www.bloomberg.com/opinion/arti...
"The takeaway is that the tariffs may actually fall because of the conservative justices’ sincere commitment to their own judicial philosophies."
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
Georgia Democrats scored an upset in an obscure race by focusing on costs and refusing to take the partisan bait
This Georgia Upset Is the Real Preview of 2026
Pocketbook issues took center stage in Democratic victories in Virginia, New Jersey and New York Tuesday night, as well as in a usually obscure election in Georgia. Because Georgia is far more of a swing state than the others, the signal is strong: If Democrats want 2026 to be a breakthrough year, they need to stay organized and focus on bringing down the cost of living.
bloom.bg
November 6, 2025 at 2:00 PM
Georgia Democrats scored an upset in an obscure race by focusing on costs and refusing to take the partisan bait