Thanks. One other observation: it seems like every time the U.S. trade deficit increases, profit margins simultaneously increase. Is there an economics explanation for this? Have you seen any work exploring this relationship? I believe the Kalecki profit equation suggests it should be the opposite.

Michael, on your recent Monetary Matters podcast, you said, “until recently, Australia” was one of the Anglophone economies that absorbed foreign surpluses. What happened with Australia?

🔥🔥🔥

What is the best analysis you have seen of who is bearing the cost? Profit margins remain high, but inflation has not risen, so I am confused.

Russell 2000 EPS is zero when looking at unadjusted figures.

'Searches for “ai stocks” hit their zenith in mid-August and have since fallen, just as the stocks themselves are having a wobble.' www.economist.com/finance-and-...

lol 😆

And also not popular.

In the most recent NFIB report, the number of small businesses reporting labor quality as the single most important problem rose to near the record set in November 2021, driven by the construction industry.

www.nfib.com/wp-content/u...

What is the source?

It happened in Aug 1999 - Mar 2000 as well.

NYC isn't the country...

But similar patterns in NJ/VA: Sherrill/Spanberger voters who didn't back Harris are younger, more diverse, less ideological, more focused on pocketbook issues than on Trump

Consistent w/ Trump rating drops among young people, POC, less politically engaged

More below

6/6

Congrats Parker! 3 boys — I hope you guys can tolerate couch wrestling!

What happened to his hair?