Last month, Robert Armstrong coined the acronym 'Taco' — which stands for 'Trump always chickens out' — as a way to describe the US president's tariff approach and the way markets react to it.

Listen to the Unhedged podcast: on.ft.com/3Ff0P5V

Your regular reminder that the entire global economy is subject to the whipsaw whims of a person who doesn’t understand how the global economy works

If only there was a timeless metaphor central to our culture that outlined the risk governments take when accepting huge ostentatious gifts and bringing them into the territory.

Last night was the 250th anniversary of Paul Revere's midnight ride to warn the Minutemen of approaching British troops.

I want to take a moment to share an excerpt from the Declaration of Independence's grievances against King George III.

Remind you of anyone?

Lawyers must defend the rule of law! www.nytimes.com/2025/03/30/o...

“They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made.”
— F. Scott Fitzgerald

Anyone who tells you you're overreacting is underreacting.

This sad little man could’ve decided a decade ago to just enjoy retirement and golf. He’d be wealthy and probably still widely remembered as “America’s Mayor.” www.nytimes.com/2024/11/26/n...

A person on a bicycle is by far the most energy-efficient among animals and machines per distance traveled relative to body weight. The bicycle is magic.

www.jstor.org/stable/24923...