Whoever came up with these supposed tariff rates is like Kramer from Seinfeld when he pretended to work at that job "in business"

This is horrible to post, but I may as well post it. We are essentially shutting down research operations in my group, which is focused on treatments for pediatric brain cancer. I’m a well funded investigator, and there’s no choice. Science can’t function without the stability of NIH

Busy day led me to miss a news cycle - expansive Federal aid freeze, followed by partial freeze and ultimately court ordered thaw, all over (for today) before I realized it had started! Not quite sure if I should get to the bottom of what happened or just go to bed and try again tomorrow. Bed it is!

How about a July what's a little tail 2023 argument making the claim that the 2% inflation target was a wholly fabricated nonsensical target number, with zero rationality other than somebody said it on TV in New Zealand 40 years earlier?

ritholtz.com/2023/07/2-in...

I see a bunch of people arguing that inflation was transitory, and I don't know of a single person who in 2021 argued that 2.8% core PCE inflation at the end of 2024 would meet any definition of transitory.

Et voila...

Such a familiar change algo: nothing, nothing, nothing...everything! Like a skree slide when an unstable equilibrium is upset.

Wow - sleep in a bit on a lazy Sunday morning (planning to spend the day doing some class A parenting and take the boys to Gladiator 2), and find that the world has changed drastically!

Two Syrian Sources have told Reuters that there is a “Very High Probability” that Syrian President Bashar al-Assad was Killed last night in a Plane Crash near the City of Homs, with his Aircraft believed to have been Shot Down after leaving Damascus International Airport.

The Aircraft disappeared from Radar after making unusual movements to the West of Homs.

Right before the Surrender of the Capital of Damascus by Military Forces, Syrian President Bashar al-Assad boarded an IL-76 at Damascus International Airport bound for an Unknown Destination.

Syria has collapsed as Rebel forces take control of Damascus. Reports suggest that what remains of the Syrian Arab Army (SAA) is disintegrating, signaling the downfall of Assad's Regime.

‼️🇸🇾👀 Video of the Assad family bunker. The footage was taken in a shelter under the palace of Bashar Assad's younger brother.

"There are a lot of weapons, gold and a gold-bound Koran here. You can also see an armored door leading to the vault."