@1logic.bsky.social
Reposted
The Chicago Pope implies the existence of a New Keynesian Pope and a Behavioral Pope
May 8, 2025 at 6:05 PM
The Chicago Pope implies the existence of a New Keynesian Pope and a Behavioral Pope
Reposted
APOLLO:
* consumer sentiment collapsing
* US tourism collapsing
* new orders collapsing
* cost pressures UP 🇺🇸
* consumer sentiment collapsing
* US tourism collapsing
* new orders collapsing
* cost pressures UP 🇺🇸
April 26, 2025 at 12:13 PM
APOLLO:
* consumer sentiment collapsing
* US tourism collapsing
* new orders collapsing
* cost pressures UP 🇺🇸
* consumer sentiment collapsing
* US tourism collapsing
* new orders collapsing
* cost pressures UP 🇺🇸
I think American Citizens and consumers are the hostages.
April 20, 2025 at 4:46 PM
I think American Citizens and consumers are the hostages.
Reposted
Far be it from me to contradict the well-paid consultants for the losing side in the last election, but maybe "person snatched off the street and sent to a death camp without any kind of hearing" is something Americans can recognize as bad if it's brought to their attention enough????
April 19, 2025 at 10:31 PM
Far be it from me to contradict the well-paid consultants for the losing side in the last election, but maybe "person snatched off the street and sent to a death camp without any kind of hearing" is something Americans can recognize as bad if it's brought to their attention enough????
The reason small town America hasn't turned on Trump yet, is because they bought into Trump to 1) Push back against the left for making them feel bad about some of their shitty opinions and 2) they thought he would be good for them economically. He can only deliver on the first 1/
This from @jdcivicscience.bsky.social nails why small town, red America is not turning on Trump.
April 19, 2025 at 9:55 PM
The reason small town America hasn't turned on Trump yet, is because they bought into Trump to 1) Push back against the left for making them feel bad about some of their shitty opinions and 2) they thought he would be good for them economically. He can only deliver on the first 1/
Maybe a real administration would have formed this working group before starting a trade war?
(CBS News) - Trump administration officials, anticipating supply chain strains due to steep tariffs on Chinese goods, have discussed forming a working group to deal with the problems with urgency if there's no breakthrough with Beijing, multiple sources told CBS News
www.cbsnews.com/news/trump-a...
www.cbsnews.com/news/trump-a...
April 19, 2025 at 6:47 PM
Maybe a real administration would have formed this working group before starting a trade war?
Reposted
Anyone debating or analyzing Kilmar Abrego Garcia's life or record is doing a grave disservice.
He could be El Chapo. He could be Charles Manson. He could be the Dalai Lama.
It doesn't matter. What has happened to him and others is clearly a violation of America's core laws and principles.
He could be El Chapo. He could be Charles Manson. He could be the Dalai Lama.
It doesn't matter. What has happened to him and others is clearly a violation of America's core laws and principles.
April 19, 2025 at 1:29 PM
Anyone debating or analyzing Kilmar Abrego Garcia's life or record is doing a grave disservice.
He could be El Chapo. He could be Charles Manson. He could be the Dalai Lama.
It doesn't matter. What has happened to him and others is clearly a violation of America's core laws and principles.
He could be El Chapo. He could be Charles Manson. He could be the Dalai Lama.
It doesn't matter. What has happened to him and others is clearly a violation of America's core laws and principles.
Reposted
NBC News reviewed over 100 pages of documents submitted by the federal government in its effort to deport Mahmoud Khalil.
In some instances, the government appears to be relying on unverified tabloid articles. In others, the government claims are clearly erroneous. www.nbcnews.com/news/us-news...
In some instances, the government appears to be relying on unverified tabloid articles. In others, the government claims are clearly erroneous. www.nbcnews.com/news/us-news...
Government's case against Mahmoud Khalil is reliant on tabloid accounts, review of evidence shows
Khalil, a permanent U.S. resident who helped lead pro-Palestinian protests, was finished with postgraduate studies when he was arrested on campus and scheduled for deportation.
www.nbcnews.com
April 16, 2025 at 8:50 PM
NBC News reviewed over 100 pages of documents submitted by the federal government in its effort to deport Mahmoud Khalil.
In some instances, the government appears to be relying on unverified tabloid articles. In others, the government claims are clearly erroneous. www.nbcnews.com/news/us-news...
In some instances, the government appears to be relying on unverified tabloid articles. In others, the government claims are clearly erroneous. www.nbcnews.com/news/us-news...
Reposted
Sam Adams on state kidnapping, 1747
"If it is true in fact, that there is anyone so lost to all sense of goodness, and so abandon'dly vicious, as to advance such a detestable doctrine, I wish from my soul . . . that he should be obliged to serve" as a kidnapped sailor "aboard the worst Ship of War"
"If it is true in fact, that there is anyone so lost to all sense of goodness, and so abandon'dly vicious, as to advance such a detestable doctrine, I wish from my soul . . . that he should be obliged to serve" as a kidnapped sailor "aboard the worst Ship of War"
April 14, 2025 at 3:25 PM
Sam Adams on state kidnapping, 1747
"If it is true in fact, that there is anyone so lost to all sense of goodness, and so abandon'dly vicious, as to advance such a detestable doctrine, I wish from my soul . . . that he should be obliged to serve" as a kidnapped sailor "aboard the worst Ship of War"
"If it is true in fact, that there is anyone so lost to all sense of goodness, and so abandon'dly vicious, as to advance such a detestable doctrine, I wish from my soul . . . that he should be obliged to serve" as a kidnapped sailor "aboard the worst Ship of War"
Reposted
The bipartisan belief that America would be a better place if *other people* worked in a factory.
www.ft.com/content/8459...
www.ft.com/content/8459...
April 13, 2025 at 5:44 PM
The bipartisan belief that America would be a better place if *other people* worked in a factory.
www.ft.com/content/8459...
www.ft.com/content/8459...
A similar argument can be made for this administrations gripe on other nations free loading on defense spending. The path of defense spending in those nations goes back to post WWII where we were very happy that Japan and Germany werent allowed to rearm while we feared up for the Cold War.
It's so bonkers to see the richest economy in human history saying that they're the victim of a system they built, the system that made them the richest.
April 8, 2025 at 4:47 PM
A similar argument can be made for this administrations gripe on other nations free loading on defense spending. The path of defense spending in those nations goes back to post WWII where we were very happy that Japan and Germany werent allowed to rearm while we feared up for the Cold War.
It's like you're a lawyer who only gets haircuts when your barber needs legal advise.
& there is no "unsustainable" trade deficit. We have $30T of domestic income, $250T of private sector assets. It's not "unsustainable" to send $1T abroad every year. That's like having $250K assets, $30K income & convincing yourself that paying your barber $1K a year puts you in financial distress.
April 8, 2025 at 4:44 PM
It's like you're a lawyer who only gets haircuts when your barber needs legal advise.
Reposted
Opinion | I like fascism. I also like my 401(k). I have never felt more politically homeless.
April 8, 2025 at 2:47 PM
Opinion | I like fascism. I also like my 401(k). I have never felt more politically homeless.
This argument fully misunderstands how trade works.
Consumers can choose to buy a T-shirt that's made domestically or an imported one. That decision includes price, quality, shipping, etc. When the imported option inclusive of shipping is dramatically cheaper we choose that one. 1/
Consumers can choose to buy a T-shirt that's made domestically or an imported one. That decision includes price, quality, shipping, etc. When the imported option inclusive of shipping is dramatically cheaper we choose that one. 1/
"The international trade system is broken — and Donald Trump’s reciprocal tariff doctrine will fix it."
Peter Navarro writes in the FT: www.ft.com/content/f313...
Peter Navarro writes in the FT: www.ft.com/content/f313...
Donald Trump’s tariffs will fix a broken system
Next we must tackle the barrage of non-tariff weapons used to strangle American exports
www.ft.com
April 7, 2025 at 6:39 PM
This argument fully misunderstands how trade works.
Consumers can choose to buy a T-shirt that's made domestically or an imported one. That decision includes price, quality, shipping, etc. When the imported option inclusive of shipping is dramatically cheaper we choose that one. 1/
Consumers can choose to buy a T-shirt that's made domestically or an imported one. That decision includes price, quality, shipping, etc. When the imported option inclusive of shipping is dramatically cheaper we choose that one. 1/
Hey @dieworkwear.bsky.social, Can you make US produced T-shirts with this Evelyn Beatrice Hall quote? I will buy quite a few. Maybe the back says "Due process is democracy".
"I disapprove of what you say, but I will defend to the death your right to say it."
"I disapprove of what you say, but I will defend to the death your right to say it."
April 6, 2025 at 3:45 AM
Hey @dieworkwear.bsky.social, Can you make US produced T-shirts with this Evelyn Beatrice Hall quote? I will buy quite a few. Maybe the back says "Due process is democracy".
"I disapprove of what you say, but I will defend to the death your right to say it."
"I disapprove of what you say, but I will defend to the death your right to say it."
Reposted
I will keep drinking negronis and posting this song until morale improves...
open.spotify.com/track/3CCf4Q...
open.spotify.com/track/3CCf4Q...
The Ghost of Tom Joad
Rage Against The Machine · Renegades · Song · 2000
open.spotify.com
April 6, 2025 at 2:26 AM
I will keep drinking negronis and posting this song until morale improves...
open.spotify.com/track/3CCf4Q...
open.spotify.com/track/3CCf4Q...
Reposted
unprecedented protests this morning on heard and macdonald islands, as the population rises up against trump imposition of 10% across the board tariffs.
April 3, 2025 at 1:06 PM
unprecedented protests this morning on heard and macdonald islands, as the population rises up against trump imposition of 10% across the board tariffs.
Reposted
I have a different take. There is rarely certainty. 'Uncertainty' is just an excuse for 'the market is not easy for me'.
The only thing investors hate more than uncertainty is chaos.
April 1, 2025 at 7:41 PM
I have a different take. There is rarely certainty. 'Uncertainty' is just an excuse for 'the market is not easy for me'.
Interesting read, but over all this paints a false dichotomy between building more housing and having another financial crisis. I think removing some red tape and building more housing is a very achievable goal without risk of an immediate housing bubble.
"No zoning law or agglomeration of zoning laws has had the impact on housing construction that the collapse of the housing bubble did. We built fewer homes each year from 2008 to 2014 than in the worst year for home construction in history to that point." prospect.org/infrastructu...
The Last Abundance Agenda
In the 1980s, Wall Street vowed to make housing more affordable through deregulation of housing finance. The result was the 2008 crisis.
prospect.org
April 1, 2025 at 4:39 PM
Interesting read, but over all this paints a false dichotomy between building more housing and having another financial crisis. I think removing some red tape and building more housing is a very achievable goal without risk of an immediate housing bubble.
Reposted
Post of the day here. If you know, you know.
April 1, 2025 at 12:20 AM
Post of the day here. If you know, you know.
Reposted
My latest column for @financialtimes.com on Trump's latest tariff plans. "Beyond trying to coerce other nations, there isn’t a coherent strategy here." www.ft.com/content/714d...
The secondary ‘tariff man’ cometh
Using trade duties to extract favours will be a feature of Donald Trump’s bid to reshape the international order
www.ft.com
March 25, 2025 at 4:18 PM
My latest column for @financialtimes.com on Trump's latest tariff plans. "Beyond trying to coerce other nations, there isn’t a coherent strategy here." www.ft.com/content/714d...
Reposted
Every so often we need a reminder like this that words have actual meanings
The former ambassador to Denmark for the United States, Rufus Gifford, posted this video on his Facebook account:
Ht: @hpsc24.bsky.social
Ht: @hpsc24.bsky.social
March 30, 2025 at 12:39 AM
Every so often we need a reminder like this that words have actual meanings
The biggest risk here is actually from @weisenthal.bsky.social ego.
* U.S. GOVERNMENT COULD FACE DEFAULT RISK AS SOON AS AUGUST WITHOUT DEBT CEILING INCREASE, CONGRESSIONAL BUDGET OFFICE ESTIMATES
It is not inconceivable that Trump would direct Bessent to mint a platinum coin in his likeness to deal with this. #timestamp
It is not inconceivable that Trump would direct Bessent to mint a platinum coin in his likeness to deal with this. #timestamp
March 26, 2025 at 3:25 PM
The biggest risk here is actually from @weisenthal.bsky.social ego.