Reposted by MJ
Stagflation
The Fed Chair is describing stagflation but does not want to say the word.
The Fed Chair is describing stagflation but does not want to say the word.
Powell: "In the near term, risks to inflation are tilted to the upside, and risks to employment to the downside -- a challenging situation. There is no risk-free path for policy as we navigate this tension between our employment and inflation goals."
October 29, 2025 at 6:41 PM
Stagflation
The Fed Chair is describing stagflation but does not want to say the word.
The Fed Chair is describing stagflation but does not want to say the word.
Reposted by MJ
When the Nazi group chat ruins your talking points
October 16, 2025 at 7:56 PM
When the Nazi group chat ruins your talking points
Reposted by MJ
According to Goldman Sachs, 88% of US tariffs are being paid by American companies and consumers. Only 9% are being paid by foreign exporters.
#TrumpTariffs
#TrumpTariffs
October 14, 2025 at 4:41 PM
According to Goldman Sachs, 88% of US tariffs are being paid by American companies and consumers. Only 9% are being paid by foreign exporters.
#TrumpTariffs
#TrumpTariffs
Reposted by MJ
“We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying”
― Aleksandr Solzhenitsyn
― Aleksandr Solzhenitsyn
has anybody ever been more obviously full of shit than Pam Bondi is at the end of this 20 second clip?
October 7, 2025 at 9:31 PM
“We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying”
― Aleksandr Solzhenitsyn
― Aleksandr Solzhenitsyn
Reposted by MJ
A new era of government censorship has begun.
It started with the silencing of scientific speech, when the admin blocked release of research on bird flu. But MAGA has also cracked down on other wrongthink—on race, geography (!), and of course Trump himself
www.washingtonpost.com/opinions/202...
It started with the silencing of scientific speech, when the admin blocked release of research on bird flu. But MAGA has also cracked down on other wrongthink—on race, geography (!), and of course Trump himself
www.washingtonpost.com/opinions/202...
Opinion | A new era of government censorship has dawned
Donald Trump fancies himself a champion of free speech. Oh, really?
www.washingtonpost.com
January 31, 2025 at 1:47 PM
A new era of government censorship has begun.
It started with the silencing of scientific speech, when the admin blocked release of research on bird flu. But MAGA has also cracked down on other wrongthink—on race, geography (!), and of course Trump himself
www.washingtonpost.com/opinions/202...
It started with the silencing of scientific speech, when the admin blocked release of research on bird flu. But MAGA has also cracked down on other wrongthink—on race, geography (!), and of course Trump himself
www.washingtonpost.com/opinions/202...
Reposted by MJ
Powell: "In the near term, risks to inflation are tilted to the upside and risks to employment to the downside -- a challenging situation."
(In other words, stagflation)
(In other words, stagflation)
September 17, 2025 at 6:39 PM
Powell: "In the near term, risks to inflation are tilted to the upside and risks to employment to the downside -- a challenging situation."
(In other words, stagflation)
(In other words, stagflation)
Reposted by MJ
BREAKING: A federal court rules that Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.
Court rules Lisa Cook can remain a Fed governor for now while fighting Trump’s attempt to fire her
A federal court has ruled that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.
bit.ly
September 10, 2025 at 2:15 AM
BREAKING: A federal court rules that Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.
Reposted by MJ
wall street surges as the only jobs left are burrito chauffeur or ice agent
September 5, 2025 at 1:24 PM
wall street surges as the only jobs left are burrito chauffeur or ice agent
Reposted by MJ
Nearly 600 economists signed an open letter warning that firing Fed governor Lisa Cook threatens the Fed’s independence and erodes trust in a key pillar of the U.S. financial system.
September 3, 2025 at 11:58 AM
Nearly 600 economists signed an open letter warning that firing Fed governor Lisa Cook threatens the Fed’s independence and erodes trust in a key pillar of the U.S. financial system.
Reposted by MJ
DALIO: ".. The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart attack in the relatively near future. .. I’d say three years, give or take a year or two.”
@financialtimes.com
www.ft.com/content/b86b...
@financialtimes.com
www.ft.com/content/b86b...
US sliding towards 1930s-style autocracy, warns Ray Dalio
Billionaire hedge fund boss says other investors are too scared of Trump to speak out
www.ft.com
September 2, 2025 at 12:32 PM
DALIO: ".. The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart attack in the relatively near future. .. I’d say three years, give or take a year or two.”
@financialtimes.com
www.ft.com/content/b86b...
@financialtimes.com
www.ft.com/content/b86b...
Reposted by MJ
This is the way the bubble ends: Not with a pop, but with smog and brownouts. [Disappointed that some readers didn't recognize the TS Eliot ref]
paulkrugman.substack.com/p/what-happe...
paulkrugman.substack.com/p/what-happe...
What Happens If AI Hits An Energy Wall?
The technology driving the economy has some big problems
paulkrugman.substack.com
August 19, 2025 at 1:49 PM
This is the way the bubble ends: Not with a pop, but with smog and brownouts. [Disappointed that some readers didn't recognize the TS Eliot ref]
paulkrugman.substack.com/p/what-happe...
paulkrugman.substack.com/p/what-happe...
Reposted by MJ
August 15, 2025 at 3:25 PM
Reposted by MJ
TS LOMBARD: “.. The saving grace for the Fed is that inflation lags employment and employment (payroll
growth) has slowed. Unless payrolls U-turn in August with an upward revision to July, .. the Fed will be hard-pressed to cut .. Betting on a Sep cut is a bet on continued payrolls weakness.”
growth) has slowed. Unless payrolls U-turn in August with an upward revision to July, .. the Fed will be hard-pressed to cut .. Betting on a Sep cut is a bet on continued payrolls weakness.”
August 12, 2025 at 3:44 PM
TS LOMBARD: “.. The saving grace for the Fed is that inflation lags employment and employment (payroll
growth) has slowed. Unless payrolls U-turn in August with an upward revision to July, .. the Fed will be hard-pressed to cut .. Betting on a Sep cut is a bet on continued payrolls weakness.”
growth) has slowed. Unless payrolls U-turn in August with an upward revision to July, .. the Fed will be hard-pressed to cut .. Betting on a Sep cut is a bet on continued payrolls weakness.”
Reposted by MJ
Core CPI, 3-month annualized:
In May: 1.7%
In June: 2.4%
In July: 2.8% 🤡
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
In May: 1.7%
In June: 2.4%
In July: 2.8% 🤡
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
August 12, 2025 at 4:24 PM
Core CPI, 3-month annualized:
In May: 1.7%
In June: 2.4%
In July: 2.8% 🤡
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
In May: 1.7%
In June: 2.4%
In July: 2.8% 🤡
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Reposted by MJ
Latest CBO analysis of the full distributional effects of the Trump budget (the "One Big Bill") just landed. They blew out the budget, see how big of a slice you got.
www.cbo.gov/interactive/...
www.cbo.gov/interactive/...
August 11, 2025 at 7:28 PM
Latest CBO analysis of the full distributional effects of the Trump budget (the "One Big Bill") just landed. They blew out the budget, see how big of a slice you got.
www.cbo.gov/interactive/...
www.cbo.gov/interactive/...
Reposted by MJ
JPMORGAN, on why it now sees four Fed cuts:
“.. The slide in private payroll growth below a 1%ar over the past three months is a development rarely seen outside of periods in which the economy is sliding into or moving out of a recession. .. a stall speed alert has been sounded.” 👀
“.. The slide in private payroll growth below a 1%ar over the past three months is a development rarely seen outside of periods in which the economy is sliding into or moving out of a recession. .. a stall speed alert has been sounded.” 👀
August 8, 2025 at 3:46 PM
JPMORGAN, on why it now sees four Fed cuts:
“.. The slide in private payroll growth below a 1%ar over the past three months is a development rarely seen outside of periods in which the economy is sliding into or moving out of a recession. .. a stall speed alert has been sounded.” 👀
“.. The slide in private payroll growth below a 1%ar over the past three months is a development rarely seen outside of periods in which the economy is sliding into or moving out of a recession. .. a stall speed alert has been sounded.” 👀
Reposted by MJ
This is complete fantasy. Just an absurd made up lie. The EU is not giving Trump “$600 billion to invest anyway I want.” They aren’t giving him 1 dollar to invest. It is just astonishing that a president can go on a financial network and lie like this & it barely registers. bsky.app/profile/atru...
Trump on his EU trade deal: "The details are $600 billion to invest in anything I want. Anything. I can do anything I want with it."
August 5, 2025 at 12:59 PM
This is complete fantasy. Just an absurd made up lie. The EU is not giving Trump “$600 billion to invest anyway I want.” They aren’t giving him 1 dollar to invest. It is just astonishing that a president can go on a financial network and lie like this & it barely registers. bsky.app/profile/atru...
Reposted by MJ
Statement from the largest economics association about the BLS firing
As context: AEA approximately never makes such public statements
This is a big deal
As context: AEA approximately never makes such public statements
This is a big deal
August 2, 2025 at 8:13 PM
Statement from the largest economics association about the BLS firing
As context: AEA approximately never makes such public statements
This is a big deal
As context: AEA approximately never makes such public statements
This is a big deal
Reposted by MJ
Trump’s felony convictions were for making up numbers to make himself appear worth more than he was.
His 29 club championships in golf are because he makes up his own score.
No surprise he wants people in charge of government statistics who will make up the numbers he wants.
His 29 club championships in golf are because he makes up his own score.
No surprise he wants people in charge of government statistics who will make up the numbers he wants.
August 1, 2025 at 10:55 PM
Trump’s felony convictions were for making up numbers to make himself appear worth more than he was.
His 29 club championships in golf are because he makes up his own score.
No surprise he wants people in charge of government statistics who will make up the numbers he wants.
His 29 club championships in golf are because he makes up his own score.
No surprise he wants people in charge of government statistics who will make up the numbers he wants.
Reposted by MJ
Unquestionably the most dangerous and corrupt attack on the independence of US economic data in American history. Trump is firing the head of the BLS, a longtime civil servant confirmed 86-8 by the Senate, simply because the job numbers came in below his expectations today
August 1, 2025 at 6:25 PM
Unquestionably the most dangerous and corrupt attack on the independence of US economic data in American history. Trump is firing the head of the BLS, a longtime civil servant confirmed 86-8 by the Senate, simply because the job numbers came in below his expectations today
Reposted by MJ
Firing the BLS Commissioner — the wonk in charge of the statisticians who track economic reality — is an authoritarian four alarm fire.
It will also backfire: You can't bend economic reality, but you can break the trust of markets. And biased data yields worse policy.
It will also backfire: You can't bend economic reality, but you can break the trust of markets. And biased data yields worse policy.
August 1, 2025 at 8:54 PM
Firing the BLS Commissioner — the wonk in charge of the statisticians who track economic reality — is an authoritarian four alarm fire.
It will also backfire: You can't bend economic reality, but you can break the trust of markets. And biased data yields worse policy.
It will also backfire: You can't bend economic reality, but you can break the trust of markets. And biased data yields worse policy.
Reposted by MJ
July 28, 2025 at 3:35 PM
Reposted by MJ
The most interesting thing about the EU “deal” is that the US president, a 34X felon who was found guilty of sexual abuse, is trying to cover his other wrongdoings by pardoning a convicted sex offender and child sex trafficker.
July 27, 2025 at 6:54 PM
The most interesting thing about the EU “deal” is that the US president, a 34X felon who was found guilty of sexual abuse, is trying to cover his other wrongdoings by pardoning a convicted sex offender and child sex trafficker.
Reposted by MJ
Oh my… Federal Reserve Chair Jerome Powell just corrected Trump’s math on national television, live, and called out his disinformation.
July 24, 2025 at 9:09 PM
Oh my… Federal Reserve Chair Jerome Powell just corrected Trump’s math on national television, live, and called out his disinformation.
Reposted by MJ
Awkward moment as Fed Chair Powell fact-checks Trump while the Mob Boss fishes for different ways to pressure and extort him to lower interest rates.
July 24, 2025 at 8:33 PM
Awkward moment as Fed Chair Powell fact-checks Trump while the Mob Boss fishes for different ways to pressure and extort him to lower interest rates.