When the labor market is dependent on a one-legged stool, it falters when a shock occurs.
That is what we saw in the February employment report. A
major strike in the healthcare sector knocked the one leg the labor market was standing on out from under it. The red ink was broad based.
AI-generated art can’t be copyrighted after Supreme Court declines to review the rule www.theverge.com/policy/88767...
LOL yeah, huh.
This is one of the best things in my inbox on a daily basis.
"Join the Newsletter" at the bottom.
abnormalreturns.com
"Comparing the S&P500 PE ratio of today to that of the past is apples-to-oranges comparison. This common comparison assumes that the “E” (Earnings) in the 1990s and early 2000s measures the same thing as the “E” in 2025. It doesn’t."
manuinvests.substack.com/p/the-broken...
"When you sell stocks in a downturn you aren’t selling because you’re scared. You’re selling because you have an asset-liability mismatch. You don’t have enough cash and safe assets... to keep you comfortable and you sell stock because you need more cash."
abnormalreturns.com/2026/01/05/q...
trying to imagine doing Wellesley, Yale Law, a legal career, eight years in the Senate, a term as Secretary of State, and two presidential campaigns only to sit and listen to gotchas from someone best known for giving a hand job at a musical production of Beetlejuice
LOL the early capitulators, and fuck those firms. We will remember.
www.nytimes.com/2026/03/02/u...
Hegseth has an American flag pocket square. Of course there are far more clear and present dangers, but it was once understood that respect for the flag meant not turning it into articles of clothing.
$SPNT/PRB got called. Put the dough into $AGNCZ.
Added to $USA , $PTY , $RVT , $VTIP .
Withdrew other month-end div/int/distro cash to live on.
"But employment declines in AI-exposed industries since 2022 are being overattributed to ChatGPT. . . "
www.apolloacademy.com/confusing-ai...
Contact your Oregon legislators to stop HB 4084. Also contact Gov Kotek -
www.oregon.gov/gov/pages/co...
www.oregonlegislature.gov/FindYourLegi...
So far this year, U.S.-domiciled investors have pulled $52 billion out of US equity products — “the most in the first eight weeks of the year since at least 2010.” 😔
@reuters.com #ByeAmerica
www.reuters.com/business/buy...
Think of all the small USA businesses driven to extinction by those useless and stupid tariffs.
SCOTUS Blog revved up to go in about 15 minutes -
www.scotusblog.com/2026/02/anno...
Yep the sun is the largest nuclear fusion reactor earth has.
Built for free, most of the distribution & transmission done for free.
Massively reliable and if it stopped being so - it's game over anyway on this planet.
Solar is nuclear. Break it gently to your local "conservative"..
HARVARD BUSINESS REVIEW: “.. In our in-progress research, we discovered that AI tools didn’t reduce work, they consistently intensified it.”
hbr.org/2026/02/ai-d...
Gooner Nation.
Interesting. I used to hold a TWO preferred (TWO/PRC) and I still hold the monthly-paying ARR preferred (ARR/PRC).
I enjoy the income.
Alas, 'twas a wasting asset.
LOL even more interesting today
"I have concerns about Kevin Warsh leading the Federal Reserve. Many have roots in his time at the Fed."
stayathomemacro.substack.com/p/kevin-warsh
Whole lotta Rosie
Best stay away from Portland, Oregon then.
Precisely.
Easing into some $VCLT for a little ballast.
"What continues to standout the most to me, especially in light of some who think that the worst of inflation/tariffs is over, is the core goods price gain of .4% m/o/m and now up 3.7% y/o/y."
[portion of a paywalled Boockvar post]
#econsky #finsky
peterboockvar.substack.com/p/yes-inflat...
What LLM did that come out of?
