Wealth of Nations
Wealth of Nations
@mpurves.bsky.social
macro and markets
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Any commentary about the Bulgarian currency regime necessarily involves LEVity.
i mean sure but where's the dad joke?
December 12, 2025 at 2:26 PM
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So proud of this. The musical novelty center in my brain mostly shut off like clockwork in 1994. So well into the 2000s, I would say things like “i just discovered these amazing new bands - Wilco and Radiohead. Have you heard of them?”
December 3, 2025 at 2:09 PM
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Its happening gif.
December 1, 2025 at 10:21 PM
but the two year?
Realization that Hassett will promote inflationary policy.
December 1, 2025 at 7:10 PM
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Watched football at a bar for the first time in years this weekend.

Turns out you can really fake your way through it by saying “big third down here” every few minutes.
December 1, 2025 at 1:42 PM
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amazing three years since that google emergency “code red” board meeting
November 25, 2025 at 4:15 PM
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While I earnestly wanted to discuss the fundamentals of bitcoin, @mpurves.bsky.social had some very good points on the technicals sherwood.news/markets/bitc...
November 24, 2025 at 1:36 PM
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Right like I don’t really worry about what will happen to GOOGL AMZN MSFT when this all goes pear shaped but NVDA META ORCL??? 😬😬😬
November 8, 2025 at 4:39 AM
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Do read the story. The potential mismatch between $ capital needs and the useful life of the resultant physical capital stock is the central conundrum here?
September 26, 2025 at 11:47 PM
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So Roberts & Gorsuch questions will be extra interesting.
Today will be a test of my theory that the Federalist Society did not spend years and millions to elevate judges who believed in deregulating everything a corporation does only to have them fold to a government that believes in regulating everything a corporation does that happens to cross a border.
November 5, 2025 at 4:19 PM
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Man I really wish people didn’t just default to the GFC as the example for every situation involving financial engineering. Because this looks really different in a number of important ways!
November 4, 2025 at 12:01 AM
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heads up to anyone following in nyc: i am playing a show in the lower east side tn

www.knittingfactory.com/tm-event/lig...
Light Sweet Crude - Knitting Factory
www.knittingfactory.com
October 18, 2025 at 8:27 PM
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Huge congratulations to the new President of Queens' College, Cambridge University, Dame Menna Rawlings!
Wishing her great success as she leads this truly special institution dedicated to exceptional teaching, research, and fellowship.
September 30, 2025 at 5:24 PM
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Term premium is the added compensation that investors demand for fear that appointees to a nominally independent central bank might withdraw or be fired on some pretext before the end of their term.
August 26, 2025 at 2:39 AM
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These are not the same thing? Either they believe dodgy crossborder $ wanters will push bill rates down enough that traditional bill holders are pushed into duration OR an assumption that stablecoin issuer economics will push them into duration despite regulation & risks?
August 20, 2025 at 1:13 PM
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Lotta weak data out there, per @mpurves.bsky.social
August 11, 2025 at 11:38 AM
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This notion that tariffs create a dual-priced market where imports are more expensive but US-made goods remain cheap is dead wrong. The domestic supply curve is upward-sloping. If demand for domestic-made goods increases, yes, US producers gain market share, but they also charge more.
August 3, 2025 at 1:06 PM
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flip of a copper penny anyway
July 8, 2025 at 6:23 PM
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If you don’t want to read almost 4000 words in the pinned tweet (but I think you should), here’s 380 saying some of the same things. on.ft.com/3TZH9GE Letter: The contradictions at the heart of Washington’s dollar policy
Letter: The contradictions at the heart of Washington’s dollar policy
From Karthik Sankaran, Senior Research Fellow, Geoeconomics, Global South Programme, Quincy Institute for Responsible Statecraft, Washington, DC, US
on.ft.com
July 7, 2025 at 1:07 PM
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WTF?

This is not exactly a vote of confidence in their own strategy.

www.ft.com/content/aff1...
June 27, 2025 at 8:07 PM
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hah that's great!!

love that you remember it so well. I can't even recall who i went with. I do think I bought a t-shirt though!
June 11, 2025 at 6:13 PM
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I think there’s only one man in this world who truly thinks it’s old fashioned and I’m not sure he’s ever gone grocery shopping.
May 30, 2025 at 10:17 PM
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Every Democrat will be asked over and over about Biden and until the public feels satisfied the questions won’t stop.
May 15, 2025 at 2:24 AM