Talmon Joseph Smith
@talsmith.bsky.social
New York Times economics reporter:
https://www.nytimes.com/by/talmon-joseph-smith // New Orleans Native // Author of Clout & Capital: forthcoming from Simon & Schuster (Atria)
talmon.smith@nytimes.com
https://www.nytimes.com/by/talmon-joseph-smith // New Orleans Native // Author of Clout & Capital: forthcoming from Simon & Schuster (Atria)
talmon.smith@nytimes.com
Pinned
Talmon Joseph Smith
@talsmith.bsky.social
· Dec 14
i should mention here...
got a book in the works:
got a book in the works:
Reposted by Talmon Joseph Smith
October 23, 2025 at 6:41 PM
Reposted by Talmon Joseph Smith
Okay real quick: sales & trading, how does it work? A thread.
"Sell-side" trading floors at banks are middlemen. They're trying to transact on behalf of clients or stand between two different entities that want to transact.
"Sales" talks to the client, "trading" sets the price/manages the risk.
"Sell-side" trading floors at banks are middlemen. They're trying to transact on behalf of clients or stand between two different entities that want to transact.
"Sales" talks to the client, "trading" sets the price/manages the risk.
ok bc I genuinely have no idea: what are you doing all day in a room like this?
October 23, 2025 at 2:20 PM
Okay real quick: sales & trading, how does it work? A thread.
"Sell-side" trading floors at banks are middlemen. They're trying to transact on behalf of clients or stand between two different entities that want to transact.
"Sales" talks to the client, "trading" sets the price/manages the risk.
"Sell-side" trading floors at banks are middlemen. They're trying to transact on behalf of clients or stand between two different entities that want to transact.
"Sales" talks to the client, "trading" sets the price/manages the risk.
Reposted by Talmon Joseph Smith
“.. The American intervention to prop up the Argentinian peso has failed. Despite the United States intervening .., the Argentine peso lost 10% of its value in the first two weeks of October, pushing the overnight interest rate to 157%.”
@joebrusuelas.bsky.social $ARGT
@joebrusuelas.bsky.social $ARGT
October 23, 2025 at 2:42 PM
“.. The American intervention to prop up the Argentinian peso has failed. Despite the United States intervening .., the Argentine peso lost 10% of its value in the first two weeks of October, pushing the overnight interest rate to 157%.”
@joebrusuelas.bsky.social $ARGT
@joebrusuelas.bsky.social $ARGT
Reposted by Talmon Joseph Smith
New research from @aaronsojourner.org (Upjohn Inst.) and Joseph Pickens (USNA) finds that NYC’s Fair Workweek Law gave fast-food workers more predictable schedules without costing jobs. #LaborLaws #NYC #FairWorkWeek #EconSKy
Do fair workweek laws affect labor markets?
www.upjohn.org
October 21, 2025 at 7:39 PM
New research from @aaronsojourner.org (Upjohn Inst.) and Joseph Pickens (USNA) finds that NYC’s Fair Workweek Law gave fast-food workers more predictable schedules without costing jobs. #LaborLaws #NYC #FairWorkWeek #EconSKy
a nice synthesis of my Small Businsses Are Not The Backbone of The Economy, Consumers Are, Which Means Workers Are take. without people making disposable income from their labor = NoCustomers
But a flush lowU3 customer base + local firms competing hard to put out great (or yummy) products is great!
But a flush lowU3 customer base + local firms competing hard to put out great (or yummy) products is great!
I’m at a hole in the wall pizza place inside of a Mexican supermarket that people rave about and the online orders are coming in fast and furious like that season one episode of the Bear, no idea how they do it.
October 23, 2025 at 4:15 PM
a nice synthesis of my Small Businsses Are Not The Backbone of The Economy, Consumers Are, Which Means Workers Are take. without people making disposable income from their labor = NoCustomers
But a flush lowU3 customer base + local firms competing hard to put out great (or yummy) products is great!
But a flush lowU3 customer base + local firms competing hard to put out great (or yummy) products is great!
Reposted by Talmon Joseph Smith
Fraud is legal
Exclusive | Trump Pardons Convicted Binance Founder
The pardon follows months of efforts by Changpeng Zhao to boost Trump crypto company
www.wsj.com
October 23, 2025 at 3:10 PM
Fraud is legal
so many random stonks ripping this year. and post tariffs? hasbro?? up 32% YTD???
October 23, 2025 at 1:49 PM
so many random stonks ripping this year. and post tariffs? hasbro?? up 32% YTD???
Reposted by Talmon Joseph Smith
ROSENBERG: “.. The share of the country in expansion mode these past six weeks, at 18%, is the lowest share since May 2020.
.. The reality is .. at least qualitatively, the economy is in a mild recession -- stock market doesn't see it, but the bond market does.”
.. The reality is .. at least qualitatively, the economy is in a mild recession -- stock market doesn't see it, but the bond market does.”
October 23, 2025 at 1:24 PM
ROSENBERG: “.. The share of the country in expansion mode these past six weeks, at 18%, is the lowest share since May 2020.
.. The reality is .. at least qualitatively, the economy is in a mild recession -- stock market doesn't see it, but the bond market does.”
.. The reality is .. at least qualitatively, the economy is in a mild recession -- stock market doesn't see it, but the bond market does.”
somebody check on Jerry Jones. he might be tearing up, or havin a heart attack
October 23, 2025 at 1:07 PM
somebody check on Jerry Jones. he might be tearing up, or havin a heart attack
Reposted by Talmon Joseph Smith
sometimes a non-fiction book is going so well, but then it tells you something that isn't true (benjamin franklin flying a kite in a lightning storm) and you begin to question everything else you've learned in the past eight chapters
October 22, 2025 at 2:02 AM
sometimes a non-fiction book is going so well, but then it tells you something that isn't true (benjamin franklin flying a kite in a lightning storm) and you begin to question everything else you've learned in the past eight chapters
Reposted by Talmon Joseph Smith
Speaking as a phone addict, I think this is a good idea
October 22, 2025 at 12:55 PM
Speaking as a phone addict, I think this is a good idea
Reposted by Talmon Joseph Smith
🧐Fed Making Key Economic Decisions Without Key Economic Data
👀A strange development below on the Fed getting special access to detailed ADP data & ADP cutting off the Fed when Gov Waller disclosed it.
⚠️ On the importance of free public data…
prospect.org/2025/10/21/f...
👀A strange development below on the Fed getting special access to detailed ADP data & ADP cutting off the Fed when Gov Waller disclosed it.
⚠️ On the importance of free public data…
prospect.org/2025/10/21/f...
October 22, 2025 at 12:58 PM
🧐Fed Making Key Economic Decisions Without Key Economic Data
👀A strange development below on the Fed getting special access to detailed ADP data & ADP cutting off the Fed when Gov Waller disclosed it.
⚠️ On the importance of free public data…
prospect.org/2025/10/21/f...
👀A strange development below on the Fed getting special access to detailed ADP data & ADP cutting off the Fed when Gov Waller disclosed it.
⚠️ On the importance of free public data…
prospect.org/2025/10/21/f...
Reposted by Talmon Joseph Smith
because mobilizing public finances is an incredibly fraught political exercise and deficits are argued in moralizing terms by people resistant to redistribution or collective action.
October 22, 2025 at 1:25 PM
because mobilizing public finances is an incredibly fraught political exercise and deficits are argued in moralizing terms by people resistant to redistribution or collective action.
Reposted by Talmon Joseph Smith
The fact that Republicans are against Obamacare isn't in dispute *by anybody* so I don't know why you people keep bringing up that strawman.
But, did those five Democrats (plus Obama himself) "have agency" when they killed the Public Option at the behest of insurance company "stakeholders"?
But, did those five Democrats (plus Obama himself) "have agency" when they killed the Public Option at the behest of insurance company "stakeholders"?
October 21, 2025 at 11:09 PM
The fact that Republicans are against Obamacare isn't in dispute *by anybody* so I don't know why you people keep bringing up that strawman.
But, did those five Democrats (plus Obama himself) "have agency" when they killed the Public Option at the behest of insurance company "stakeholders"?
But, did those five Democrats (plus Obama himself) "have agency" when they killed the Public Option at the behest of insurance company "stakeholders"?
reposting for anybody who may not have seen before but may see this. would never intentionally misidentify somebody.
thats above all; policy convos aside. ok. back to the book reporting
thats above all; policy convos aside. ok. back to the book reporting
policy debate aside, my bad @sky.skymarchini.net on this front. very sincerely. should have said they. didn't notice that in your bio at first.
*they
October 21, 2025 at 8:44 PM
reposting for anybody who may not have seen before but may see this. would never intentionally misidentify somebody.
thats above all; policy convos aside. ok. back to the book reporting
thats above all; policy convos aside. ok. back to the book reporting
Reposted by Talmon Joseph Smith
This guy is completely correct here and the Liberals replying to him are super pissed at people who don't have goldfish memories and aren't members of Obama's "stan culture".
No, sorry, I remember who Max Baucus was. You're not gonna bullshit me.
bsky.app/profile/tals...
No, sorry, I remember who Max Baucus was. You're not gonna bullshit me.
bsky.app/profile/tals...
The ACA was gutted by Democrats. you can argue those key democrats could've been siding with what many see as the more liberal/patient centered options. or you could say it was unfortunate that Dems didnt have 60+ more liberal senators.
but it was Democrats.
but it was Democrats.
Ok, but maybe you need to re-work that a bit. Also, you could also acknowledge that the original ACA was gutted by Republicans before it was finally passed, which is partly why it has been a problem for some.
October 21, 2025 at 8:01 PM
This guy is completely correct here and the Liberals replying to him are super pissed at people who don't have goldfish memories and aren't members of Obama's "stan culture".
No, sorry, I remember who Max Baucus was. You're not gonna bullshit me.
bsky.app/profile/tals...
No, sorry, I remember who Max Baucus was. You're not gonna bullshit me.
bsky.app/profile/tals...
Reposted by Talmon Joseph Smith
Similar to focusing on how great their overall economy numbers were but ignoring that things like grocery price increases have a much higher impact on the bottom quartile (85 million people) and wondering how they could lose by 2 million votes
A shiny healthcare chart doesn't pay my hospital bills
A shiny healthcare chart doesn't pay my hospital bills
it is an incredibly simple and true chart from kff. partisan dems wanting to focus solely on more flattering charts is the exact sort of behavior that may have contributed to getting their butts kicked in 2024
posting just CPI without per beneficiary and uninsured rate context was a choice though
October 21, 2025 at 8:11 PM
Similar to focusing on how great their overall economy numbers were but ignoring that things like grocery price increases have a much higher impact on the bottom quartile (85 million people) and wondering how they could lose by 2 million votes
A shiny healthcare chart doesn't pay my hospital bills
A shiny healthcare chart doesn't pay my hospital bills
Reposted by Talmon Joseph Smith
And this is coming from someone denied insurance before the ACA who is very thankful it exists
But also the people who are sick and disabled that benefitted a lot from the ACA are the FIRST people who will tell you that it desperately needs to be reformed or replaced
But also the people who are sick and disabled that benefitted a lot from the ACA are the FIRST people who will tell you that it desperately needs to be reformed or replaced
October 21, 2025 at 8:12 PM
And this is coming from someone denied insurance before the ACA who is very thankful it exists
But also the people who are sick and disabled that benefitted a lot from the ACA are the FIRST people who will tell you that it desperately needs to be reformed or replaced
But also the people who are sick and disabled that benefitted a lot from the ACA are the FIRST people who will tell you that it desperately needs to be reformed or replaced
Reposted by Talmon Joseph Smith
six conservative senators crafting insurance legislation. Obama removed public option and caved to multiple Republican demands to try to get a single vote. They kept on revising the bill and not a single Republican voted for it. And what happened to all the changes they made? they stayed in
October 20, 2025 at 4:27 PM
six conservative senators crafting insurance legislation. Obama removed public option and caved to multiple Republican demands to try to get a single vote. They kept on revising the bill and not a single Republican voted for it. And what happened to all the changes they made? they stayed in
Reposted by Talmon Joseph Smith
The Treasury Department instructed employees not to share to share photos of the demolition of parts of the White House’s East Wing
Exclusive | Treasury Tells Employees Not to Share Photos of White House Ballroom Construction
Images of the demolition of parts of the East Wing went viral on Monday, and Treasury’s headquarters next door to the White House has a front-row seat.
www.wsj.com
October 21, 2025 at 2:40 AM
The Treasury Department instructed employees not to share to share photos of the demolition of parts of the White House’s East Wing
this guy was so hawkish under BidenHarris. cant see into his heart but hard to believe he'd be calling for big cuts if kamala harris was president and cpi was floating near 3
October 21, 2025 at 4:11 PM
this guy was so hawkish under BidenHarris. cant see into his heart but hard to believe he'd be calling for big cuts if kamala harris was president and cpi was floating near 3
Reposted by Talmon Joseph Smith
Pulte stock now -8% pre-market, lowered gross margin guidance for Q4. Rate cuts just aren’t moving the needle for homebuilders. $PHM
October 21, 2025 at 12:49 PM
Pulte stock now -8% pre-market, lowered gross margin guidance for Q4. Rate cuts just aren’t moving the needle for homebuilders. $PHM