LLLwry

An Asymmetry That Matters: An American War That Hurts Our Allies More, Explains Justin Wolfers What happens when the U.S. starts a war—and the biggest economic pain lands somewhere else? Financial markets are a real-time forecasting machine: billions of dollars placed on bets about the…

There's an economic asymmetry around the war in Iran that really worries me.

Lemme explain. www.youtube.com/watch?v=mfTL...

Trump, Markets, And “TACO”: Why The Usual Warning Signal May Fail In Iran, Warns Justin Wolfers What happens when the U.S. starts a war—and the biggest economic pain lands somewhere else? Financial markets are a real-time forecasting machine: billions of dollars placed on bets about the…

Here's what worries me. The U.S. is less oil-dependent than our peers, and so Wall Street has responded far less to the war in Iran than financial markets abroad. When the country calling the shots feels only a small share of the pain, that's a dangerous asymmetry.
www.youtube.com/watch?v=mfTL...

The economic story just changed dramatically.

Payrolls fell -92k in Feb. Jan growth was revised down by -4k to +126k. And Dec revisions subtracted -64k to -17k.

Unemployment rate up a tick to 4.4%.

Recession questions are back on the menu

The U.S. economy has lost jobs since "Liberation Day."

My brow is furrowed as I type and graph this.

While employment in health care shrank this month, it continues to account for more than all of the jobs created over the past year.

Here's the point to remember about the brutal negative revisions in today's job market report: They aren't saying the labor market showed green shoots that withered. It's saying that there never were any green shoots. They were an illusion.

Minor aside: If you calculate the extra decimal places, the unemployment rate this month is 4.44%. So it's really just a hair from being reported as 4.5% instead of 4.4%.

No-one is happy about the jobs report.

My advice to the Administration: With the U.S. uncomfortably close to a recession -- and already in a jobs recession -- don't do anything rash that could make things worse.

This is not good.

Never underestimate sustainable farming! 🌱🌍 It slashes human-caused GHG emissions while rebuilding healthy soils and strengthening communities. Less chemicals, more biodiversity = real climate action. Who's ready to farm smarter? #SustainableFarming #ClimateChange

The Celestial Nest
Sitting Hen Formation
Monument Valley
Utah

This is a composite image. The foreground was taken just before sunrise, and the stars were captured the night before.

A long tailed bird with a bright red bill and feet.

Red billed blue magpie.
#BirdOfTheDay
#ColourfulCaptures

The wait is over. The Paralympics are officially here! 🇨🇦 Raising the bar and cheering loud for Team Canada. Who’s watching on CBC GEM?

Good morning Blue Sky friends 💙
Happy Friday to you all!
It's the weekend eve! Have an amazing day everyone. Best wishes 🤗❤️🌞🌺
#bekind

JoAnn Price cofounded Fairview Capital Partners in 1994 and has grown it into one of the largest minority-owned venture capital and private equity firms in the world.

Read more about her and the ForbesBLK50: Money Masters: www.forbes.com/sites/jabari...

So now they're releasing #Epstein Files to distract from the War?

Okay.

Star Trek Boldly Goes To Malahide Timewarp in Malahide for the first major Irish Star Trek convention where Mr Sulu is the guest of honour.

Always a good day to share this 🖖

What's cooler than a spring training rainbow! 🌈

The lives he’s taking just to cover up his Epstein involvement. He has no morality

Orange blooms and blue sky

Good morning, kids.
Be safe out there. 🥰

I've never been more disgusted with being a US citizen...
Until I wake up and check the news tomorrow morning.

Secret Mountain Wilderness near Sedona, Arizona. #BoyntonCanyon #SecretMountainWilderness #Sedona #landscapes #photography

Sierra Nevada mountains just north of LA, CA, USA. Jagged snow covered peaks rise above green trees and a yellowish plain. A small blue lake peeks around a bend.

I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel -Maya Angelou

Pic of the day

#photography

Iceland locks in on date for EU referendum | Euractiv As a member of the European Economic Area, Iceland is already aligned with much of the bloc's legislation

Just announced: Iceland has urgently moved up its referendum to join the European Union - to 29 August.

A reminder: 🇮🇸 is in many ways already a non-voting 🇪🇺 member because of the EEA. This would give them voting power to shape the laws they have to follow.

She’s absolutely magnificent…mist and moss are a favorite 🤍💚🤍
#PNW #pnwlove #nature #beauty #waterfall #photography

Moskowitz: "Let me congratulate the former Homeland Security Secretary on her appointment to be the Shield of Americas, which I'm pretty sure the president came up with when he watched the last Avengers movie"