I filed a complaint with CFPB against Experian when it screwed up my credit history. CFPB helped get them to clean up the mess!
Keynes: “Markets can remain irrational longer than you can remain solvent”. Or something like that.
Someone who just talked with Trump. Insider grift?
Not sure this is only American? Traces of covered markets with food stalls in much of England. Anyway Time Out Market is a good place to sample wide variety of Português food and drinks.
I think Portugal was put in a similar situation as Spain and Ireland. Country central banks are not sovereign in their currency. Puzzling to see more countries trying so hard to get into EU and Euro having seen what has happened.
“The problem we have to deal with is that these [AI] companies are selling access to the freely shared products of human social activity, as the product of their own particular capitals”
Portuguese have at least 4 high profile citizens citizens seized by Israelis off the flotilla. One is the head of a major left party: Mariana Montágua
Reposted by: William A. Allen, Michael Kevane, Silvia Secchi
I turned my thread on Ai from earlier this eevning into a blogpost. jwmason.org/slackwire/ac...
Actual Intelligence – J. W. Mason
jwmason.org
Reposted by: William A. Allen
Também é preciso ter em conta que o surto inflacionista foi acompanhado por um aumento extraordinário dos lucros das empresas. A nível internacional, as principais empresas que transacionam produtos agrícolas viram os seus lucros triplicar. 5/
Hungry for profits - Monopoly power in global agriculture - SOMO
In the last three years, the profits of the five biggest traders in agricultural commodities tripled. Read more.
www.somo.nl
If this country was truly “pro-life,” we would have Medicare for All, a Green New Deal, gun reform, universal child care, and a living wage.
The right-wing agenda isn’t about “life.”
It’s about control.
The right-wing agenda isn’t about “life.”
It’s about control.
Reposted by: William A. Allen
Latest Post: I had to comment on the tariff revenue chart.
(Hat tip to @josephpolitano.bsky.social about the data update. He had monthly Treasury data, I just used the BEA quarterly series.)
open.substack.com/pub/bondecon...
(Hat tip to @josephpolitano.bsky.social about the data update. He had monthly Treasury data, I just used the BEA quarterly series.)
open.substack.com/pub/bondecon...
Tariffs And Fiscal Policy
The customs duties data for the United States was recently updated, and we can assess the “success” of Trump 2.0’s tariff policies so far.
open.substack.com
OPEC upping production to knee cap US producers. US gov should buy all US oil and gas producers to manage output through move to green energy. Cutting lobbying would reduce the cost of the buy out.
Cannot the Fed use QE to bid 105 or whatever premium required for bond price to force yield down to desired level? Is there any law or rule says they have to buy at dealers offer? They have not done that in past but they could, no?
Long past time for US to nationalise oil and gas. Better to manage transition to renewables and get rid of their toxic lobbying.
I’d like to see the bold text. It really makes your point.
This was very good. Thanks for posting it. Proud grandchild of immigrants. Hoping for a future where my kids and grandkids have this freedom again.
Remains to be seen? Of course commercial banks have always been willing to buy bonds from non bank funds who could not deal directly with Fed, knowing Fed is a backstop bid. So why not the same wink and a nod for crypto from funds of political cronies?
Not sure I would describe NVDA role as central bank. A bit demeaning to CBs as I think (ordinarily) they would show more discipline? More like a Citibank throwing loans everywhere in 2006-8 to “keep dancing” just in front of subprime disaster.
Fed bailing out bit crazies is corrupt as hell. May increase inflationary pressures. May not. To answer that we would have to make assumption about what the bit crazies do with their newly created M2
Disagree it is automatically inflationary. I don’t subscribe to monetarists definition that inflation = increase in money supply. Money has to be spent to create inflation. By definition these bit crazies are hoarding. So who is to say they will not continue hoarding bank deposits or gov bonds?
Central banks will buy in order to bail out some big political cronies if crypto prices wobble. Sad.
I think throwing darts can do better than Morgan Stanley. At least regarding market forecasts. So let AI have at it?
Would like to know what Trump can do/ would likely do if he declares martial law in US after a few days of shutdown. Serious question.
Well, actually Fed’s balance sheet is pretty much unlimited, so there is an “infinite money pit”. Fed simply credits Trump cronies accounts and books as much crypto as it wants. Suggest you read up on Modern Monetary Theory, suggest Stephanie Kelton.
by Daniela Gabor — Reposted by: William A. Allen
not one word on Milei's corruption scandal that led to the local elections losses, hey FT editors, sleeping at your desks?
Why would they invest? They have just raised prices on domestically produced aluminum to match landed import prices with tariffs. Easy money?