Mart
@martmurphy.bsky.social
#Irish Corkonian 🇮🇪, European 🇪🇺 based in Sussex, UK. Still baffled by Brexit. Crypto ##btc 🪙 enthusiast.
Reposted by Mart
JUST IN: Oil prices surge in the wake of US strikes in Iran, with US oil futures jumping 3.6% Sunday to about $76.47 per barrel
Oil futures surge following US strikes in Iran | CNN Business
Oil prices surged during late Sunday trading after the US launched strikes on three Iranian nuclear Saturday evening in a major escalation of the Iran-Israel conflict.
www.cnn.com
June 22, 2025 at 10:55 PM
JUST IN: Oil prices surge in the wake of US strikes in Iran, with US oil futures jumping 3.6% Sunday to about $76.47 per barrel
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Filing: Nvidia says it will record a $5.5B charge after the US said it would require a license to export the H20 chips to China; NVDA drops 6%+ after hours (CNBC)
Main Link | Techmeme Permalink
Main Link | Techmeme Permalink
April 15, 2025 at 10:11 PM
Filing: Nvidia says it will record a $5.5B charge after the US said it would require a license to export the H20 chips to China; NVDA drops 6%+ after hours (CNBC)
Main Link | Techmeme Permalink
Main Link | Techmeme Permalink
Reposted by Mart
The "beauty contest", which was once so easy to predict (in a crisis, the💵always wins! bet on the dollar, and you cannot lose because everyone else bets on the dollar, too!) becomes a more uncertain game. 15/
April 11, 2025 at 3:37 PM
The "beauty contest", which was once so easy to predict (in a crisis, the💵always wins! bet on the dollar, and you cannot lose because everyone else bets on the dollar, too!) becomes a more uncertain game. 15/
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@adamposen.bsky.social new article on trade & trade wars is both thoughtful & and thought provoking. Thanks
Adam!
www.foreignaffairs.com/united-state...
Adam!
www.foreignaffairs.com/united-state...
Trade Wars Are Easy to Lose
Beijing has escalation dominance in the U.S.-Chinese tariff fight.
www.foreignaffairs.com
April 10, 2025 at 8:05 PM
@adamposen.bsky.social new article on trade & trade wars is both thoughtful & and thought provoking. Thanks
Adam!
www.foreignaffairs.com/united-state...
Adam!
www.foreignaffairs.com/united-state...
Reposted by Mart
Reminder: Tariffs aren't paid by other countries.
They're eventually paid by us at the check out line.
And they're regressive — taking a higher percentage out of the paychecks of working people than out of the wealthy.
They're eventually paid by us at the check out line.
And they're regressive — taking a higher percentage out of the paychecks of working people than out of the wealthy.
April 8, 2025 at 11:01 PM
Reminder: Tariffs aren't paid by other countries.
They're eventually paid by us at the check out line.
And they're regressive — taking a higher percentage out of the paychecks of working people than out of the wealthy.
They're eventually paid by us at the check out line.
And they're regressive — taking a higher percentage out of the paychecks of working people than out of the wealthy.
Reposted by Mart
(Bloomberg) - In the first rush for safe havens in years, global investors are finding there are credible alternatives to US Treasury bonds. 🇩🇪
@bloomberg.com
www.bloomberg.com/news/article...
@bloomberg.com
www.bloomberg.com/news/article...
April 8, 2025 at 1:01 PM
(Bloomberg) - In the first rush for safe havens in years, global investors are finding there are credible alternatives to US Treasury bonds. 🇩🇪
@bloomberg.com
www.bloomberg.com/news/article...
@bloomberg.com
www.bloomberg.com/news/article...
Reposted by Mart
This article highlights damage this would also do to China.
But a full dump isn’t even needed to hike yields and send US borrowing costs soaring
A “thumbscrew” approach to offloading US Treasury Bonds slowly might be enough.
finance.yahoo.com/news/nuclear...
But a full dump isn’t even needed to hike yields and send US borrowing costs soaring
A “thumbscrew” approach to offloading US Treasury Bonds slowly might be enough.
finance.yahoo.com/news/nuclear...
The nuclear option China could take in trade war with the US
Follow the latest on Trump’s tariff trade war
finance.yahoo.com
April 8, 2025 at 11:18 AM
This article highlights damage this would also do to China.
But a full dump isn’t even needed to hike yields and send US borrowing costs soaring
A “thumbscrew” approach to offloading US Treasury Bonds slowly might be enough.
finance.yahoo.com/news/nuclear...
But a full dump isn’t even needed to hike yields and send US borrowing costs soaring
A “thumbscrew” approach to offloading US Treasury Bonds slowly might be enough.
finance.yahoo.com/news/nuclear...
Shaping up to be another very volatile day on #stocks #crypto and markets Should probably call it #orangemonday
April 7, 2025 at 7:13 AM
Shaping up to be another very volatile day on #stocks #crypto and markets Should probably call it #orangemonday
Reposted by Mart
Why do economists worry so much about the economic impact associated w/tariffs?
Putting this out there so there is some clarity on why most economist worry about tariffs, which are at best a blunt tool, to cure what ails us. When used to cure so many problems, beware law unintended consequences.
Putting this out there so there is some clarity on why most economist worry about tariffs, which are at best a blunt tool, to cure what ails us. When used to cure so many problems, beware law unintended consequences.
April 3, 2025 at 12:36 PM
Why do economists worry so much about the economic impact associated w/tariffs?
Putting this out there so there is some clarity on why most economist worry about tariffs, which are at best a blunt tool, to cure what ails us. When used to cure so many problems, beware law unintended consequences.
Putting this out there so there is some clarity on why most economist worry about tariffs, which are at best a blunt tool, to cure what ails us. When used to cure so many problems, beware law unintended consequences.
Reposted by Mart
NEW 🧵
A quick thread of charts showing how Trump’s economic agenda is going so far:
1) US consumers are reacting very very negatively.
These are the worst ratings for any US government’s economic policy since records began.
A quick thread of charts showing how Trump’s economic agenda is going so far:
1) US consumers are reacting very very negatively.
These are the worst ratings for any US government’s economic policy since records began.
April 4, 2025 at 12:51 PM
NEW 🧵
A quick thread of charts showing how Trump’s economic agenda is going so far:
1) US consumers are reacting very very negatively.
These are the worst ratings for any US government’s economic policy since records began.
A quick thread of charts showing how Trump’s economic agenda is going so far:
1) US consumers are reacting very very negatively.
These are the worst ratings for any US government’s economic policy since records began.
Reposted by Mart
Countries in the global south must run trade surpluses to earn dollars to repay their dollar debts. Now they are being punished with US tariffs further having done so. The result is that they will go bankrupt, with massive consequences for billions of people. www.taxresearch.org.uk/Blog/2025/04...
How many countries will Trump bankrupt with his tariffs?
I have yet to see any comment in the media about one vital dimension to the new tariffs that Trump is imposing on many countries in the global south, including India, Bangladesh, Vietnam, South Africa...
www.taxresearch.org.uk
April 4, 2025 at 5:59 AM
Countries in the global south must run trade surpluses to earn dollars to repay their dollar debts. Now they are being punished with US tariffs further having done so. The result is that they will go bankrupt, with massive consequences for billions of people. www.taxresearch.org.uk/Blog/2025/04...
Hey #US #consumers, when these #Senators say its just short term pain from #tariffs... in 2016 UK politicians told UK consumers the same about #Brexit and loss of free #trade. 9 years on, still pain, no gain and your daily living gets more expensive. Politicians come and go.. End of..
April 3, 2025 at 6:52 PM
Smoke and mirrors. Highest #tariffs applied to emerging mrkts with less trade with #USA. #Singapore 10%, so Chinese companies can register their biz there for exporting to USA at 10% rather than 34%.
No such thing as American built #cars, the components/parts are from many countries.
No such thing as American built #cars, the components/parts are from many countries.
crucial.trade
April 2, 2025 at 8:53 PM
Smoke and mirrors. Highest #tariffs applied to emerging mrkts with less trade with #USA. #Singapore 10%, so Chinese companies can register their biz there for exporting to USA at 10% rather than 34%.
No such thing as American built #cars, the components/parts are from many countries.
No such thing as American built #cars, the components/parts are from many countries.
Reposted by Mart
For. Love. Of. God
“Unless we put this extra burden of red tape on a bonfire, we will not get the meaningful growth needed to rebuild our public services and protect people’s finances.”
Surely this ruinous stupidity is well beyond its sell-by date now.
www.independent.co.uk/news/uk/poli...
“Unless we put this extra burden of red tape on a bonfire, we will not get the meaningful growth needed to rebuild our public services and protect people’s finances.”
Surely this ruinous stupidity is well beyond its sell-by date now.
www.independent.co.uk/news/uk/poli...
Brexit has created a ‘mind blowing’ 2billion extra pieces paperwork
Liberal Democrats call on Sir Keir Starmer to negotiate a bespoke UK-EU customs union to free businesses from excessive red tape
www.independent.co.uk
March 20, 2025 at 7:44 AM
For. Love. Of. God
“Unless we put this extra burden of red tape on a bonfire, we will not get the meaningful growth needed to rebuild our public services and protect people’s finances.”
Surely this ruinous stupidity is well beyond its sell-by date now.
www.independent.co.uk/news/uk/poli...
“Unless we put this extra burden of red tape on a bonfire, we will not get the meaningful growth needed to rebuild our public services and protect people’s finances.”
Surely this ruinous stupidity is well beyond its sell-by date now.
www.independent.co.uk/news/uk/poli...
Reposted by Mart
‘Major brand worries’: Just how toxic is Elon Musk for Tesla?
‘Major brand worries’: Just how toxic is Elon Musk for Tesla?
With sales down and electric vehicle rivals catching up, the rightwing politico’s brand is driving into a storm
www.theguardian.com
March 8, 2025 at 7:27 PM
‘Major brand worries’: Just how toxic is Elon Musk for Tesla?
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French satellite company Eutelsat is replacing Starlink and plans to send approximately 40,000 communication terminals to Ukraine. Their stock has rocketed 390% in the last 3 days as #Tesla $Starlink #SpaceX and #X continue their freefall.
www.nbcnewyork.com/news/busines...
www.nbcnewyork.com/news/busines...
A European Starlink rival's shares skyrocketed 390% in a week — here's why
Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.
www.nbcnewyork.com
March 11, 2025 at 12:14 PM
French satellite company Eutelsat is replacing Starlink and plans to send approximately 40,000 communication terminals to Ukraine. Their stock has rocketed 390% in the last 3 days as #Tesla $Starlink #SpaceX and #X continue their freefall.
www.nbcnewyork.com/news/busines...
www.nbcnewyork.com/news/busines...
Reposted by Mart
Boycotting Tesla is not "illegal", as Trump claims.
The purpose of a boycott is to send a clear message: We the people have the power and choice to not give our hard-earned cash to billionaire oligarchs.
The purpose of a boycott is to send a clear message: We the people have the power and choice to not give our hard-earned cash to billionaire oligarchs.
Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Musk
President makes statement in support of Musk’s ‘baby’ as company shares fall hard and owners sell vehicles
www.theguardian.com
March 11, 2025 at 6:00 PM
Boycotting Tesla is not "illegal", as Trump claims.
The purpose of a boycott is to send a clear message: We the people have the power and choice to not give our hard-earned cash to billionaire oligarchs.
The purpose of a boycott is to send a clear message: We the people have the power and choice to not give our hard-earned cash to billionaire oligarchs.
Reposted by Mart
Over $1.75 trillion was wiped out from the US stock market today. Trump owns all of this.
March 10, 2025 at 9:51 PM
Over $1.75 trillion was wiped out from the US stock market today. Trump owns all of this.
Reposted by Mart
I got laid off today, with the rest of 18F.
18F was an elite federal software shop. We made gov't websites work better, more efficiently for the American people. We saved taxpayers from getting screwed over by contractors. And were fired for it.
We made this website to tell our story:
18f.org
18F was an elite federal software shop. We made gov't websites work better, more efficiently for the American people. We saved taxpayers from getting screwed over by contractors. And were fired for it.
We made this website to tell our story:
18f.org
We're not done yet | 18F
18f.org
March 1, 2025 at 10:38 PM
I got laid off today, with the rest of 18F.
18F was an elite federal software shop. We made gov't websites work better, more efficiently for the American people. We saved taxpayers from getting screwed over by contractors. And were fired for it.
We made this website to tell our story:
18f.org
18F was an elite federal software shop. We made gov't websites work better, more efficiently for the American people. We saved taxpayers from getting screwed over by contractors. And were fired for it.
We made this website to tell our story:
18f.org
Reposted by Mart
In case you were wondering why Chinese tariffs are 15% less than for Canada and Mexico, follow the money.
Elon Musk currently has a 4,500,000 sq. ft. car manufacturing plant in China. Tesla does not currently have car plants in Canada or Mexico. One is planned for Mexico. In time for a tariff lift.
Elon Musk currently has a 4,500,000 sq. ft. car manufacturing plant in China. Tesla does not currently have car plants in Canada or Mexico. One is planned for Mexico. In time for a tariff lift.
January 31, 2025 at 8:35 PM
In case you were wondering why Chinese tariffs are 15% less than for Canada and Mexico, follow the money.
Elon Musk currently has a 4,500,000 sq. ft. car manufacturing plant in China. Tesla does not currently have car plants in Canada or Mexico. One is planned for Mexico. In time for a tariff lift.
Elon Musk currently has a 4,500,000 sq. ft. car manufacturing plant in China. Tesla does not currently have car plants in Canada or Mexico. One is planned for Mexico. In time for a tariff lift.