The Fed didn't use the word "stagflation", but that's what it's warning about.

Never a good moment when your central bank says that it's worried about *both* higher unemployment and higher inflation. That's a problem that monetary policy alone can't solve.

Totally normal stuff.

#Chain #reaction setups are called Rube Goldberg machines, named after the American cartoonist who first illustrated them in the early 1900s.
Built for fun or challenge

I feel bad for JPow. He masterfully took the economy in to probably the best soft landing in economic history and then Trump decided to crash the plane into the terminal

Calm down, folks, it was just an attempted assassination of a Jewish Democratic governor and his family on the first night of Passover, it’s not like somebody spray painted a dick on a Cybertruck.

having and raising children into functional adults is a very expensive, very rewarding hobby that has large positive externalities for ~everyone else in the fairly distant future.

we should encourage it but like if you’re not a gardener or a hobby programmer that’s not a failure on your part either

DALIO: “.. I think that right now we are at a decision-making point and very close to a recession. .. And I'm worried about something worse than a recession, if this isn't handled well.”

@nbcnews.com
www.nbcnews.com/politics/pol...

I cannot stress enough that it is possible to govern well, and to do so in a manner that is broadly accretive.

<YOU HAVE DIED FROM BATTERY FIRE> 🔋 🔥

I am but a humble cable news host with a bachelor’s in philosophy, but I feel like at some point the bond market is also going to notice that the GOP is going to pass a deficit financed 5 trillion dollar tax cut. Maybe?

I think today might have been the largest S&P 500 intraday reversal in at least 40 years.

Since 1983 (when my intraday price data begins), there has never been a session where the market was up over 4% before 11:00a before a loss of more than 5% off that high.

A truly historic collapse.

move slowly and build things

Important thread

“What did they expect?” is kind of a misleading question.

The people who supported them didn’t expect something very specific. They expected to own the libs. They expected people they resented to suffer. The expected the world to burn. It wasn’t about specifics.

CHAPPELLE, in 2017:

Bring jobs back from China? “For what? So iPhones can be $9,000??? ..

(via QCap) $AAPL $NKE

Good news: no need to worry about Trump stagflation

Bad news: worry instead about Trump-caused global depression

Something is fundamentally wrong with America when millions of dollars can’t buy you a Wisconsin Supreme Court seat, the respect of your children, the silence of your baby mammas, or a functional penis implant.

Danielle Smith should not be able to show her face in public without someone asking her “So you consider yourself an ‘ally’ to Donald Trump and his administration, the people threatening us with annexation?”

In which I argue for everything to continue to go wrong for Tesla. Because it has to.