@paulnovell.bsky.social
Cuban-American in south of France. Miami native w/ heart in Italy. Speak Italian, French, Spanish. founder/owner of quant finance co. 💙🌈🇨🇺🇺🇸🐕🐈📚
Must read on tariff insanity...
Matthew Klein on tariffs, with a great – and very relevant – quote from Keynes.
theovershoot.co/p/how-to-thi...
theovershoot.co/p/how-to-thi...
How to Think About the Tariffs
This is bad policy, executed thoughtlessly. But it is worth thinking through exactly *why* it is bad.
theovershoot.co
April 4, 2025 at 3:17 PM
Must read on tariff insanity...
Reposted
April 3, 2025 at 2:19 PM
Reposted
Marine Le Pen has been sentenced to four years in prison. 👩🏻⚖️
➡️ Two with electronic monitoring, and two suspended. She is banned from holding public office for 5 years for embezzling EU funds to finance her party.
She calls it “a political decision.”
Charlie Hebdo calls it “retirement at 56.” 😂🇫🇷
➡️ Two with electronic monitoring, and two suspended. She is banned from holding public office for 5 years for embezzling EU funds to finance her party.
She calls it “a political decision.”
Charlie Hebdo calls it “retirement at 56.” 😂🇫🇷
March 31, 2025 at 7:20 PM
Marine Le Pen has been sentenced to four years in prison. 👩🏻⚖️
➡️ Two with electronic monitoring, and two suspended. She is banned from holding public office for 5 years for embezzling EU funds to finance her party.
She calls it “a political decision.”
Charlie Hebdo calls it “retirement at 56.” 😂🇫🇷
➡️ Two with electronic monitoring, and two suspended. She is banned from holding public office for 5 years for embezzling EU funds to finance her party.
She calls it “a political decision.”
Charlie Hebdo calls it “retirement at 56.” 😂🇫🇷
Reposted
Is this the start of a period of European exceptionalism in markets? column by the always excellent Karen Ward. She notes that for the past decade, Europe has been kept on a very tight rein in all aspects of policy — fiscal, monetary and regulatory. The tide is now turning (corrected post)
Is this the start of a period of European exceptionalism in markets?
The very tight rein in all aspects of policy — fiscal, monetary and regulatory — is easing
www.ft.com
March 20, 2025 at 7:28 AM
Is this the start of a period of European exceptionalism in markets? column by the always excellent Karen Ward. She notes that for the past decade, Europe has been kept on a very tight rein in all aspects of policy — fiscal, monetary and regulatory. The tide is now turning (corrected post)
Reposted
Reposted
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Trade data from this morning has driven a huge drop in the Atlanta Fed GDPNow real-time tracker for Q1 GDP. Today's data took it from 2.321% to -1.477%. What's going on? Let's do a little thread explaining.
February 28, 2025 at 4:39 PM
Trade data from this morning has driven a huge drop in the Atlanta Fed GDPNow real-time tracker for Q1 GDP. Today's data took it from 2.321% to -1.477%. What's going on? Let's do a little thread explaining.
Reposted
Krugman has a great piece on how DOGE is failing bigtime (that was going to my piece for the day) paulkrugman.substack.com/p/doge-is-th...
DOGE is the Theranos of Cost-Cutting
And other notes from the Chaos
paulkrugman.substack.com
February 24, 2025 at 12:55 PM
Krugman has a great piece on how DOGE is failing bigtime (that was going to my piece for the day) paulkrugman.substack.com/p/doge-is-th...
Reposted
1/7
WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."
What is driving their disproportionate spending seems to be surging stock and property markets.
www.wsj.com/economy/cons...
WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."
What is driving their disproportionate spending seems to be surging stock and property markets.
www.wsj.com/economy/cons...
The U.S. Economy Depends More Than Ever on Rich People
The highest-earning 10% of Americans account for almost 50% of all consumer spending.
www.wsj.com
February 24, 2025 at 7:24 AM
1/7
WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."
What is driving their disproportionate spending seems to be surging stock and property markets.
www.wsj.com/economy/cons...
WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."
What is driving their disproportionate spending seems to be surging stock and property markets.
www.wsj.com/economy/cons...
Reposted
i’ve never really bothered to learn about the memecoin world because it was so obviously crooked and fucked up, but this look at the argentinian memecoin libra and america’s own melania coin and just HOW crooked and fucked up these things are is absolutely fascinating youtu.be/Ud6GuH7gSDw?...
Argentina's Memecoin Disaster Is Worse Than You Think
YouTube video by Coffeezilla
youtu.be
February 22, 2025 at 5:43 PM
i’ve never really bothered to learn about the memecoin world because it was so obviously crooked and fucked up, but this look at the argentinian memecoin libra and america’s own melania coin and just HOW crooked and fucked up these things are is absolutely fascinating youtu.be/Ud6GuH7gSDw?...
Reposted
My latest. stephaniekelton.substack.com/p/assume-a-d...
February 17, 2025 at 4:53 PM
My latest. stephaniekelton.substack.com/p/assume-a-d...