So how’s it going so far?

We’re not accepting complaints about the Hunter Biden pardon unless you also complained about the Steve Bannon, Michael Flynn, Roger Stone, and Paul Manafort pardons.

I remember. Appoint someone blatantly political, and the system will push back.

But this time, it will be a race to see if the long claw of fascist autocracy can grab hold and inflict great damage before the system can self correct.

I know, you and Elon are a real threat to democracy.

tight as a tick now

This is pretty funny.

🇲🇽💵📉La inflación en #México verá más adelante una tendencia a la baja al igual que el indicador lo está haciendo en otras economías rumbo al punto de convergencia con los objetivos oficiales, estimó el martes Omar Mejía, subgobernador del central Banco de México (Banxico).👇
udgtv.com/noticias/inf...

🇲🇽 #México "Ante las declaraciones del embajador norteamericano de que la reforma judicial conllevaba riesgos para la democracia, el presidente mexicano pareció sumarse a las «encrucijadas Tocqueville»."

✍️¿«Jarabe democrático» en México?

When people started talking about the last mile, they were talking about inflation stalling out above 3%.

The last mile goal posts have moved down a little bit to the 2.5% to 3% zone.

Core inflation using the Fed's preferred gauge is projected to be on the firmer-than-desired side for October (0.28% m/m, or 3.4% annualized)

Short-term #inflation dynamics show a little pressure but 6-mo inflation indicate its mostly bumpiness

✅Headline CPI
📊12-mo: 2.6% (+0.2pt)
📊6-mo: 1.4% (-0.2pt)
📊3-mo: 2.5% (+0.4pt)

✅Core CPI:
📊12-mo: 3.3% (flat)
📊6-mo: 2.6% (flat)
📊3-mo: 3.6% (+0.5pt)

Trump’s market-sensitive and less-than-enthusiastic-about-broad-tariff advisers have alternately suggested a tiered system where security partners have low/no/reciprocal tariffs or where tariffs are phased in over time to avoid market disruptions.

This approach isn’t being followed here

Exclusive: Donald Trump is set to name Kevin Hassett to lead the National Economic Council

10-year yields below pre-election levels is the latest “this isn’t a repeat of 2016” signal:

Core PCE came in high (as expected). The last mile thesis has gained strength over the last several months as 12-month core PCE is now up 2.8%. You might say that includes outdated, lagged data. But 3-month is also a 2.8% annual rate.

Market watch! Greek 10y yields through France now

It finally happened
French Fin Min on the radio when it happened "France is not Greece"

Fun fact: there’s never been a Democratic director of the FBI in its entire history.

What’s worse?

(1) having your mother call you out as a dirt bag in an email published in the New York Times

(2) having a porn star you paid $130K in hush money pick little plastic mushrooms depicting you off a tray on the Jimmy Kimmel show