Maximize shareholder value gives way to maximize presidential popularity.
But yes, he's right about one thing, 2024 was a very good year.
#Econsky
But yes, he's right about one thing, 2024 was a very good year.
#Econsky
May 17, 2025 at 9:08 PM
Reposted
Also happy May 11th to those who know
May 11, 2025 at 1:06 PM
Also happy May 11th to those who know
Reposted
Just to state the obvious: While negative, this quarter was *dramatically* buoyed by consumers and firms stocking up for the storm to come. This will not be like the past few recessions and slowdowns which were countered by swift government policy action. It's going to hurt.
#Econsky
#Econsky
April 30, 2025 at 3:31 PM
Just to state the obvious: While negative, this quarter was *dramatically* buoyed by consumers and firms stocking up for the storm to come. This will not be like the past few recessions and slowdowns which were countered by swift government policy action. It's going to hurt.
#Econsky
#Econsky
Maybe he’s right. Elon Musk is autistic and doesn’t pay taxes. #RFK
Autistic people and their loved ones have swiftly and publicly rejected statements by Robert F. Kennedy Jr., the nation’s top health official, that people with autism will never play baseball, date, pay taxes or have a job.
RFK Jr. said autistic people don’t work or play sports. They say he’s wrong.
The health and human services secretary on Wednesday suggested that autistic children would never play baseball or pay taxes, enraging those in the community.
wapo.st
April 18, 2025 at 12:50 AM
Maybe he’s right. Elon Musk is autistic and doesn’t pay taxes. #RFK
April 7, 2025 at 11:04 AM
Speculating origins of Trump's tariff calc:
Trump wanted big numbers for his tariffs. He knows that the real bundled-trade tariffs were only 2-3%. He needed a number with more zazz. His imbecilic (x-m)/m bullshit calculation backed him into the big numbers, numbers with the zazz that he wanted.,
Trump wanted big numbers for his tariffs. He knows that the real bundled-trade tariffs were only 2-3%. He needed a number with more zazz. His imbecilic (x-m)/m bullshit calculation backed him into the big numbers, numbers with the zazz that he wanted.,
April 6, 2025 at 11:48 PM
Resolution paradox:
How can be Trump open to reciprocal cutting of tariffs on the countries he imposed tariffs on when Trump's tariffs were not based on, you know, other countries' actual tariffs?
#Econsky
How can be Trump open to reciprocal cutting of tariffs on the countries he imposed tariffs on when Trump's tariffs were not based on, you know, other countries' actual tariffs?
#Econsky
April 4, 2025 at 12:36 PM
Thankfully for billionaires the price of Russian caviar is unchanged, as there are no tariff increases for either Russia or Belarus.
April 3, 2025 at 9:01 PM
For the EU or China, the simplest countermeasure / response to Trump's tariffs would be to say something like "At lower trading volumes, we'd be less likely to buy US Treasury debt, and may unwind part of our current position to counteract the impact of tariffs on our labor markets."
#Econsky
#Econsky
April 3, 2025 at 3:31 PM
#Econsky
When input prices rise, the supply curve shifts left, and firms produce less output. Labeling one a price shock and the other a tariff is irrelevant.
1973-74 Oil Crisis and coming soon
When input prices rise, the supply curve shifts left, and firms produce less output. Labeling one a price shock and the other a tariff is irrelevant.
1973-74 Oil Crisis and coming soon
April 3, 2025 at 2:17 AM
Prepare for a tsunami of gibberish about tariffs as tax cuts and the magic factory fairy sprinkling factories across the land.
Gibberation Day is coming.
www.cnbc.com/2025/03/30/s...
Gibberation Day is coming.
www.cnbc.com/2025/03/30/s...
Stock futures slip as a jittery Wall Street awaits ‘Liberation Day’: Live updates
Traders nervously awaited "Liberation Day" on Wednesday, April 2, when the Trump administration's tariffs are scheduled to go into effect.
www.cnbc.com
March 30, 2025 at 11:41 PM
#econsky
There is evidence: stable democratic institutions (e.g., rule of law, property rights) limit policy uncertainties, fostering economic decisions. In short, stable democracy enables stronger growth.
Trumpism is nether stable nor democratic
E.g., www.journals.uchicago.edu/doi/full/10....
There is evidence: stable democratic institutions (e.g., rule of law, property rights) limit policy uncertainties, fostering economic decisions. In short, stable democracy enables stronger growth.
Trumpism is nether stable nor democratic
E.g., www.journals.uchicago.edu/doi/full/10....
March 29, 2025 at 5:10 PM
Even without the effect of Covid, Trump's first term featured below average for growth of real gross private domestic investment. Expecting a better outcome from a more unstable Trump seems like wishcasting from the get-go.
#Econsky
#Econsky
March 26, 2025 at 12:33 PM
Foreign travel to the US generates $150-$200 B in spending per year. It's being felt now at the border from diners to malls that Canadians used to frequent. It's being felt in summer bookings for US vacation destinations. This is terrible for the people who rely on tourists' spending.
#Econsky
#Econsky
travel warnings dropping like dominoes
March 23, 2025 at 7:09 PM
Reposted
Keep an eye out. Wednesday will feature the release of the February CPI estimate. A better-than-expected reading would be seen as a positive; worse than expected would be seen as tying the Fed's hands on the next rate cut. A jittery market makes for an asymmetric response.
(Pardon my mousewriting)
(Pardon my mousewriting)
March 10, 2025 at 11:40 PM
Keep an eye out. Wednesday will feature the release of the February CPI estimate. A better-than-expected reading would be seen as a positive; worse than expected would be seen as tying the Fed's hands on the next rate cut. A jittery market makes for an asymmetric response.
(Pardon my mousewriting)
(Pardon my mousewriting)
If that’s what it costs to keep him out of the Oval Office, let’s do it.
A couple of golf outings could pay for over 300 federal jobs for an entire year.
So…..fraud and waste? Eh?!?!
March 9, 2025 at 11:06 AM
If that’s what it costs to keep him out of the Oval Office, let’s do it.
Does this new gold card offer frequent flyer points?
New: Donald Trump is starting a "gold card" visa program to offer green card privileges to those who commit at least $5 million in the US
Trump to Launch ‘Gold Card’ Visa Program for Wealthy Investors
President Donald Trump said he is starting a program which would offer residency and a path to citizenship for investors who commit at least $5 million to projects in the US.
www.bloomberg.com
February 26, 2025 at 12:44 AM
Does this new gold card offer frequent flyer points?
Reposted
Reposted
The Trump administration is threatening sanctions, ON THE VICTIM, if they do not roll over and spread their legs.
There are no security guarantees in the 'minerals deal,' just payments to the US in perpetuity.
There are no security guarantees in the 'minerals deal,' just payments to the US in perpetuity.
⚡️US threatens to shut off Starlink if Ukraine won't sign minerals deal, sources tell Reuters.
The U.S. first raised the prospect of shutting off Starlink after Zelensky rejected the deal presented on Feb. 12. Starlink terminals are critical in securing Ukraine's battlefield communications.
The U.S. first raised the prospect of shutting off Starlink after Zelensky rejected the deal presented on Feb. 12. Starlink terminals are critical in securing Ukraine's battlefield communications.
US threatens to shut off Starlink if Ukraine won't sign minerals deal, sources tell Reuters
The U.S. first raised the prospect of shutting off Starlink service after Zelensky rejected the deal presented on Feb. 12. Starlink terminals are critical in securing Ukraine's battlefield communicati...
kyivindependent.com
February 22, 2025 at 11:16 AM
The Trump administration is threatening sanctions, ON THE VICTIM, if they do not roll over and spread their legs.
There are no security guarantees in the 'minerals deal,' just payments to the US in perpetuity.
There are no security guarantees in the 'minerals deal,' just payments to the US in perpetuity.
Waiting for Trump to blame the US loss on Biden’s DEI policies.
"You can't take our country — and you can't take our game," Prime Minister Justin Trudeau wrote on X after Canada beat the U.S. in an international hockey championship final amid political tensions caused by President Trump’s taunts and economic threats.
Trudeau Thumbs Nose at Trump as Canadians Revel in Hockey Win
Canada beat the U.S. in a championship game with added meaning because of political tensions caused by President Trump’s taunts and economic threats.
www.nytimes.com
February 21, 2025 at 1:23 PM
Waiting for Trump to blame the US loss on Biden’s DEI policies.
King Joffrey
February 19, 2025 at 11:35 PM
King Joffrey
We know it’s a problem. What is she doing about it??
Giving an unelected billionaire unfettered access to personal taxpayer data—including Social Security numbers and bank account information—is unacceptable and a complete breach of privacy for hundreds of millions of Americans.
February 19, 2025 at 10:09 AM
We know it’s a problem. What is she doing about it??
She’s not wrong.
Velázquez: Donald Trump did not care a bit about safer communities when he released those who were convicted of beating the shit out of police officers. So, don’t come to us and talk about security and safer communities when you do that
January 24, 2025 at 1:34 AM
She’s not wrong.
The Gulf of America font is the same font you'd use for a military zone.
We never had blizzard warnings when it was the Gulf of Mexico.
January 21, 2025 at 8:11 PM
The Gulf of America font is the same font you'd use for a military zone.