Bruce Kleinman
@bdk.bsky.social
entrepreneur & author, technologist & economist, consulting detective
http://medium.com/@brucekleinman
http://medium.com/@brucekleinman
Thanks goodness problems at a few banks never develops into anything more serious.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Zions, Western Alliance Banks Disclose Bad Loans Tied to Alleged Fraud
Shares of two regional US banks tumbled Thursday after the companies said they were the victims of fraud on loans to funds that invest in distressed commercial mortgages, fueling concern that more cra...
www.bloomberg.com
October 16, 2025 at 8:19 PM
Thanks goodness problems at a few banks never develops into anything more serious.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Headline of the Year
abcnews.go.com/US/fda-warns...
abcnews.go.com/US/fda-warns...
FDA warns public not to eat possibly radioactive shrimp sold at Walmart
The FDA is warning the public not to eat, sell or serve certain Great Value raw frozen shrimp sold at Walmart due to possible contamination with Cesium-137.
abcnews.go.com
August 19, 2025 at 6:10 PM
Headline of the Year
abcnews.go.com/US/fda-warns...
abcnews.go.com/US/fda-warns...
So equities are back where they were at Tuesday's close, and tbh I can't remember what the tariff levels were at that point.
April 10, 2025 at 4:39 PM
So equities are back where they were at Tuesday's close, and tbh I can't remember what the tariff levels were at that point.
Have you seen terms like “off the runs”, “basis trades” and “swap spreads” bandied about over the past few days and been a little baffled?
Then Alphaville has you covered in our guide to the top trades of the fixed income relative value pantheon. www.ft.com/content/6e62...
Then Alphaville has you covered in our guide to the top trades of the fixed income relative value pantheon. www.ft.com/content/6e62...
The trades threatening the Treasury market
A guide to the hedge fund strategies fuelling the tariff turmoil
www.ft.com
April 9, 2025 at 4:34 PM
ANY deal—short of magically erasing an entire trade deficit—will be illusionary. In a month or three our ‘dealmaker’ will have a “people say” episode, tear up the deal, and flip back to the full tariff. We are now the antithesis of a trading partner.
Wild to watch.
Obviously Ackman sucks but he’s far from the only one pushing this “just make a deal” stance, which is total garbage.
The tariffs are based on nothing.
There is no deal to be made; this is not a game theory situation it’s just a guy who doesn’t understand how stuff works.
Obviously Ackman sucks but he’s far from the only one pushing this “just make a deal” stance, which is total garbage.
The tariffs are based on nothing.
There is no deal to be made; this is not a game theory situation it’s just a guy who doesn’t understand how stuff works.
look at Bill Ackman collaborating with the administration
April 3, 2025 at 10:39 PM
ANY deal—short of magically erasing an entire trade deficit—will be illusionary. In a month or three our ‘dealmaker’ will have a “people say” episode, tear up the deal, and flip back to the full tariff. We are now the antithesis of a trading partner.
Good time to brush up on your technical analysis. Apropos of nothing, let's start with the barfing camel pattern:
April 3, 2025 at 7:31 PM
Good time to brush up on your technical analysis. Apropos of nothing, let's start with the barfing camel pattern:
Jonathan Authers with a superior 'splainer! 👏👏👏
Trump’s tariff equation is nonsense, says @johnauthers.bsky.social. Here’s why 🎥
April 3, 2025 at 6:04 PM
Jonathan Authers with a superior 'splainer! 👏👏👏
Reposted by Bruce Kleinman
Trump Says Recession Unfortunate But Necessary Step To Get To Depression
Trump Says Recession Unfortunate But Necessary Step To Get To Depression
WASHINGTON—Warning that Americans should brace themselves for an economic “period of transition,” President Donald Trump told reporters Monday that a recession would be an unfortunate but necessary st...
theonion.com
April 2, 2025 at 9:26 PM
Trump Says Recession Unfortunate But Necessary Step To Get To Depression
Just finished “Eichmann in Jerusalem” by Hannah Arendt and it is astonishing. Highly, highly recommended. H/T @lyndseystonebri.bsky.social.
March 29, 2025 at 5:31 PM
Just finished “Eichmann in Jerusalem” by Hannah Arendt and it is astonishing. Highly, highly recommended. H/T @lyndseystonebri.bsky.social.
Investigation conclusion: everybody use DMs on X!
March 26, 2025 at 11:47 PM
Investigation conclusion: everybody use DMs on X!
Staggering that ten months after forcing the new app on customers, Sonos is still struggling with feature parity vs the old app.
At the time, I commented that whoever wrote the new app had never seen, much less used, a Sonos system.
At the time, I commented that whoever wrote the new app had never seen, much less used, a Sonos system.
Sonos is still trying to figure out why everyone hates its app
Sonos is still trying to figure out why everyone hates its app
Sonos details how it’s responding to user feedback since its revamp a year ago.
buff.ly
March 15, 2025 at 9:58 PM
Staggering that ten months after forcing the new app on customers, Sonos is still struggling with feature parity vs the old app.
At the time, I commented that whoever wrote the new app had never seen, much less used, a Sonos system.
At the time, I commented that whoever wrote the new app had never seen, much less used, a Sonos system.
I tried to say this but not nearly as well
It's fascinating watching Democratic Party politicians who are behaving as if careerism remains a viable strategy with a long-term future under authoritarianism when you are on the losing side.
March 14, 2025 at 9:02 PM
I tried to say this but not nearly as well
LONG SEXTANTS!!!
FCC chair says we’re too dependent on GPS and wants to explore ‘alternatives’
FCC chair says we’re too dependent on GPS and wants to explore ‘alternatives’
The FCC is also set to vote on proposals regarding 911 technology.
buff.ly
March 6, 2025 at 10:52 PM
LONG SEXTANTS!!!
On the bright side, we'll be able to test tariffs-depression against "correlation does not imply causation" with a sample size greater than one!
March 4, 2025 at 8:31 PM
On the bright side, we'll be able to test tariffs-depression against "correlation does not imply causation" with a sample size greater than one!
Reposted by Bruce Kleinman
History will remember this day— when an American President and Vice President abandoned all we stand for.
February 28, 2025 at 6:38 PM
History will remember this day— when an American President and Vice President abandoned all we stand for.
“Never has our future been more unpredictable, never have we depended so much on political forces that cannot be trusted to follow the rules of common sense and self-interest—forces that look like sheer insanity, if judged by the standards of other centuries.
[continued]
[continued]
February 27, 2025 at 9:36 PM
“Never has our future been more unpredictable, never have we depended so much on political forces that cannot be trusted to follow the rules of common sense and self-interest—forces that look like sheer insanity, if judged by the standards of other centuries.
[continued]
[continued]
I am re-reading “We are Free to Change the World” by @lyndseystonebri.bsky.social, a fantastic discourse on Hannah Arendt. Highly recommended, track it down.
February 22, 2025 at 6:51 PM
I am re-reading “We are Free to Change the World” by @lyndseystonebri.bsky.social, a fantastic discourse on Hannah Arendt. Highly recommended, track it down.
Cool for the next time you need to buy a dozen eggs ...
February 19, 2025 at 2:02 AM
Cool for the next time you need to buy a dozen eggs ...
We need an AI Czar to teach people like him to how to use ChatGPT to lookup ... oh, wait, nevermind.
"you’re not allowed to ask."
Does David Sacks think that - if you go to the OMB website and click on the budget historical tables - men in trench coats will immediately break down your front door and haul you to some underground prison in the mountains?
Does David Sacks think that - if you go to the OMB website and click on the budget historical tables - men in trench coats will immediately break down your front door and haul you to some underground prison in the mountains?
February 16, 2025 at 2:35 AM
We need an AI Czar to teach people like him to how to use ChatGPT to lookup ... oh, wait, nevermind.
“Uncertainty makes a virtue out of hesitation.”
www.economist.com/finance-and-...
www.economist.com/finance-and-...
Tariff uncertainty can be as ruinous as tariffs themselves
Whatever its geopolitical merits, the “madman theory” transfers badly to economics
www.economist.com
February 6, 2025 at 10:51 PM
“Uncertainty makes a virtue out of hesitation.”
www.economist.com/finance-and-...
www.economist.com/finance-and-...
If you're gonna drop half-a-trillion on GPUs, you deserve your own font.
www.theverge.com/news/606176/...
www.theverge.com/news/606176/...
OpenAI rebrands itself
Can you spot the difference?
www.theverge.com
February 4, 2025 at 10:50 PM
If you're gonna drop half-a-trillion on GPUs, you deserve your own font.
www.theverge.com/news/606176/...
www.theverge.com/news/606176/...
Hell hath no fury like a Temu or Shein shopper scorned!
(from Bloomberg)
(from Bloomberg)
February 2, 2025 at 1:38 AM
Hell hath no fury like a Temu or Shein shopper scorned!
(from Bloomberg)
(from Bloomberg)
Reposted by Bruce Kleinman
It's reality, Mike. Reality has lost touch with reality. That's the problem.
January 31, 2025 at 12:14 AM
It's reality, Mike. Reality has lost touch with reality. That's the problem.