herman mark schwartz
@thunen.bsky.social
periodic posting on political economy issues, mostly charts, some shirts, weekly kittens. Sic semper tyrannis.
Reposted by herman mark schwartz
How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance.
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
November 10, 2025 at 8:05 AM
How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance.
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
This guy wants to be FED chair
COLLINS: When Trump says grocery prices are down, what numbers is he basing that off given it's not true?
HASSETT: Inflation is down
C: But grocery prices are up
H: Not everything. Egg prices are down. Why haven't you covered egg prices?
C: We certainly have. But grocery prices are up about 1.4%
HASSETT: Inflation is down
C: But grocery prices are up
H: Not everything. Egg prices are down. Why haven't you covered egg prices?
C: We certainly have. But grocery prices are up about 1.4%
November 10, 2025 at 11:39 PM
This guy wants to be FED chair
Reposted by herman mark schwartz
It is fucking insane to me that senate democrats bailed him out
Trump to air traffic controllers: "For those that did nothing but complain, and took time off, even though everyone knew they would be paid, IN FULL, shortly into the future, I am NOT HAPPY WITH YOU. You didn’t step up to help the U.S.A. against the FAKE DEMOCRAT ATTACK"
November 10, 2025 at 3:55 PM
It is fucking insane to me that senate democrats bailed him out
Empires are built on asymmetrical, hierarchical, and heterogenous relationships
The combination of Cass invoking fortress USMCA as an example of sovereignty prevailing over efficiency & Miran getting excited about $ stablecoin expansion pushing down US rates is a reminder of a (bipartisan) view that US sovereignty requires asymmetric interventions in the sovereignty of others.
November 10, 2025 at 2:41 PM
Empires are built on asymmetrical, hierarchical, and heterogenous relationships
Reposted by herman mark schwartz
Schumer can be removed from his Dem leadership role this week - 23 Dems (and/or independents) just have to vote to depose him
And they should, given this is his fault.
And they should, given this is his fault.
This is a lovely sentiment but Schumer isn't up for re-election until 2028 and he knows this. At which point he will be 77/78. There's no mechanism to recall a sitting senator AFAIK.
Let’s be clear: Chuck Schumer is the one ending this shutdown, no matter how the votes read.
Chuck Schumer is claiming that he’s voting no, while letting other Senators (Fetterman, Kaine, King, etc) do HIS dirty work.
He must be removed from his leadership & primaried for the sake of this country
Chuck Schumer is claiming that he’s voting no, while letting other Senators (Fetterman, Kaine, King, etc) do HIS dirty work.
He must be removed from his leadership & primaried for the sake of this country
November 10, 2025 at 2:07 AM
Schumer can be removed from his Dem leadership role this week - 23 Dems (and/or independents) just have to vote to depose him
And they should, given this is his fault.
And they should, given this is his fault.
Reposted by herman mark schwartz
Yes. And diverting money into FSAs (which cannot be used to pay insurance premiums) requires a person to have an FSA in the first place, and FSAs are set up at employer discretion. most of the folks on ACA are not working for those kinds of employers. (Also true for HSA, 401k, etc).
Let me get this right… a sufficient number Senate Democrats appear to be willing to reopen government to alleviate air travel for upper & upper-middle income people at the expense of access to healthcare for lower income people. Yes?
November 10, 2025 at 12:23 AM
Yes. And diverting money into FSAs (which cannot be used to pay insurance premiums) requires a person to have an FSA in the first place, and FSAs are set up at employer discretion. most of the folks on ACA are not working for those kinds of employers. (Also true for HSA, 401k, etc).
FSA money cannot be used to play for insurance premiums. But we can’t expect senators with actual good insurance and wages to understand this.
"A development that appeared to break the logjam: Republicans proposed that healthcare funding be provided directly to households rather than used to pay for a 1-year extension of ACA subsidies. That involves sending federal money into FSAs instead of insurance companies" www.wsj.com/politics/pol...
Republicans Pitch Alternative to ACA Extension to End Government Shutdown
A proposal by GOP senators to send money directly to consumers’ health accounts rather than to insurance companies showed signs of breaking a stalemate on negotiations.
www.wsj.com
November 10, 2025 at 12:18 AM
FSA money cannot be used to play for insurance premiums. But we can’t expect senators with actual good insurance and wages to understand this.
#theywantyoudead 91
Don’t worry, the FDA is laser focused on the Tylenol/autism and vaccine/autism and 🌮/autism link and as soon as they finish with that they’ll get right on this.
Don’t worry, the FDA is laser focused on the Tylenol/autism and vaccine/autism and 🌮/autism link and as soon as they finish with that they’ll get right on this.
Two lots of ByHeart Whole Nutrition Infant Formula have been recalled after two Illinois infants developed suspected cases of botulism, with similar cases reported in 10 other states. www.fox32chicago.com/news/baby-fo...
Baby formula recalled after two Illinois infants show signs of botulism
Articles and videos about Baby formula recalled after two Illinois infants show signs of botulism on FOX 32 Chicago.
www.fox32chicago.com
November 9, 2025 at 6:36 PM
#theywantyoudead 91
Don’t worry, the FDA is laser focused on the Tylenol/autism and vaccine/autism and 🌮/autism link and as soon as they finish with that they’ll get right on this.
Don’t worry, the FDA is laser focused on the Tylenol/autism and vaccine/autism and 🌮/autism link and as soon as they finish with that they’ll get right on this.
And the problem is, it might not even be ICE. That said it’s probably one of their $30k bonus boys with 2 weeks training.
This is 100% not someone who has been trained to use a gun. He's waving it around nervously. This is insane
ICE is completely out of control
November 9, 2025 at 3:38 PM
And the problem is, it might not even be ICE. That said it’s probably one of their $30k bonus boys with 2 weeks training.
Reposted by herman mark schwartz
This is 100% not someone who has been trained to use a gun. He's waving it around nervously. This is insane
November 9, 2025 at 3:29 PM
This is 100% not someone who has been trained to use a gun. He's waving it around nervously. This is insane
Build. Moar. Housing. Lower prices = lower downpayment = younger buyers can get in and pay off the usual 30 year mortgage in time for retirement. Less pressure on the weak & unequal 401k etc pension system that rests on top of social security.
Oh good. the 50-year mortgage. That should solve everything.
November 8, 2025 at 11:09 PM
Build. Moar. Housing. Lower prices = lower downpayment = younger buyers can get in and pay off the usual 30 year mortgage in time for retirement. Less pressure on the weak & unequal 401k etc pension system that rests on top of social security.
True, true, but the idea of just getting rid of private insurance is not wrong. replace it with public insurance.
November 8, 2025 at 5:10 PM
True, true, but the idea of just getting rid of private insurance is not wrong. replace it with public insurance.
Reposted by herman mark schwartz
November 7, 2025 at 10:03 PM
There is a reason that Hayek said that the most dangerous thing for the proletariat was a class of unemployed intellectuals. (Not that he was a friend of either group, but he understood this dynamic)
The highly skilled, downwardly mobile members of the working class tend to be the leaders of social democratic movements, yes.
Can Zohran Mamdani's largely educated, middle-income support base be explained - or even justified - from a Marxist perspective?
@dmk1793.bsky.social presents five (5) conflicting ways in which it can:
@dmk1793.bsky.social presents five (5) conflicting ways in which it can:
November 8, 2025 at 2:39 AM
There is a reason that Hayek said that the most dangerous thing for the proletariat was a class of unemployed intellectuals. (Not that he was a friend of either group, but he understood this dynamic)
Reposted by herman mark schwartz
I understand why we shut down American airspace for a few days after 9-11 to avoid a repeat attack but imagine shutting down American airspace to avoid releasing the Epstein files.
November 7, 2025 at 11:03 PM
I understand why we shut down American airspace for a few days after 9-11 to avoid a repeat attack but imagine shutting down American airspace to avoid releasing the Epstein files.
No no no, a 1000x no. Part of 2008 crash was that housing finance was tied to other parts of the financial system. These folks are just f*cking idiots.
November 7, 2025 at 7:00 PM
No no no, a 1000x no. Part of 2008 crash was that housing finance was tied to other parts of the financial system. These folks are just f*cking idiots.
Purges worked out really well for Stalin in 1941.
Shame about those first 2-3 million casualties though.
Shame about those first 2-3 million casualties though.
November 7, 2025 at 6:55 PM
Purges worked out really well for Stalin in 1941.
Shame about those first 2-3 million casualties though.
Shame about those first 2-3 million casualties though.
Time to go long on catfood tacos because there's going to be a lot of poor retirees
Here's a staffer from a UK pension fund suggesting that the PE push into retail/defined contribution plans is already allowing them to offload funds easier... (1/3)
"The U.S. interest has given Railpen, which manages about £34 billion of assets for the Railways Pension Scheme, London...
"The U.S. interest has given Railpen, which manages about £34 billion of assets for the Railways Pension Scheme, London...
Investor interest in private markets grows, but education needed, WPS panelists say
Interest in private markets is growing, but experts said the subject isn’t black and white and investor education will be crucial.
www.pionline.com
November 7, 2025 at 3:58 PM
Time to go long on catfood tacos because there's going to be a lot of poor retirees
Reposted by herman mark schwartz
Let’s hear more of the dangers of democratic socialism under Mamdani
Trump to the Novo Nordisk CEO: "Maybe you should give us a piece of the company like I've been asking for."
November 6, 2025 at 9:03 PM
Let’s hear more of the dangers of democratic socialism under Mamdani
They know that they are doing illegal things. They don't care.
November 7, 2025 at 3:11 AM
They know that they are doing illegal things. They don't care.
Reposted by herman mark schwartz
Republican politicians can commit all the crimes they want and victimize as many people as they want because right after they are convicted Trump pardons every single one of them. Every Republican politician is above the law and can do whatever they want. Total immunity.
November 7, 2025 at 12:42 AM
Republican politicians can commit all the crimes they want and victimize as many people as they want because right after they are convicted Trump pardons every single one of them. Every Republican politician is above the law and can do whatever they want. Total immunity.
Reposted by herman mark schwartz
