Let's see how the magic computer answers:

Sometimes you just have to let the robot know who's boss.

I will never tire of a company with a [checks notes] $1.03 trillion market cap sticking with a the 1997-era-Geocities-style website. At this point it would be disappointing if they were to modernize it.

This chart from the BLS's press release tells the not-so-great story of where we are on inflation.

I feel like the existence of this photo is a piece of evidence that we're living in a simulation.

Inbox: Here's Cleveland Fed president Beth Hammack on why she dissented from Wednesday's rate cut.

We each have our own definition of "urgent."

The European mind can’t comprehend, etc. etc.

Inbox: Michelle Neal, head of the New York Fed's markets group, is heading to the private sector.

Threads dot com, still serving up those piping hot takes.

The current fed funds rate (~4.6%) is either ~50bps too low or ~100bps too high depending on which simple monetary policy rule you prefer to pay attention to.

via www.clevelandfed.org/indicators-a...

I have many questions. For example: DC has its own fighter jets?

And states can just trade National Guard squadrons amongst themselves?

And is it really a good idea to trade your fighter jets in exchange for a football stadium?

www.washingtonpost.com/dc-md-va/202...

Good sentence here on passive investing from Byrne Hobart.

capitalgains.thediff.co/p/passive-in...

I'm amused at the way the JOLTS team at BLS is always negging their own data in the press release.

Nothing to see here, job openings are little changed you see, lame, boring.

(Actually they're up 372k and rate is up 0.2ppt!)

(Yes, sampling error, confidence intervals, I get it, but still)

The bond market loves Bessent:

The search for a Treasury secretary so far, as best as I understand it:

A+ data viz right here, I'll tell you what.

www.axios.com/2024/11/19/b...

I mean, not ONLY only.

I thought the most interesting bit of potential Treasury secretary Scott Bessent's op/ed in the WSJ yesterday was on looking to lengthen the term structure of Treasury debt. He's a believer that the Biden folks have been shortening it as shadow monetary easing.