Batsmen, batswomen, batters. Same as chairman, chairwoman, chair.
05.03.2026 22:55
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Batsmen, batswomen, batters. Same as chairman, chairwoman, chair.
Any estimates of what percentage of its GDP the US spent in Iraq and Afghanistan to create the current quagmire?
The headline refers to a 41% decline in BYDβs sales in February, driven by a 65% drop in domestic sales, but what struck me is that export sales surged 50%. "The slump has highlighted the need for Chinese carmakers to increase sales abroad as EV growth moderates at home."
www.ft.com/content/e4cd...
Yeah, but that DOJ case would still be the frosting on it.
Gee, who enabled Iran to make Iraq, once ruled by an arch enemy, a proxy state? Who supported that effort?
No bully in the history has ever been "anti-interventionist." A bully with power to intervene and can get away with it has always done so if it suited/profited them. So one before had as much power-military, economic, systemic, and soft- as any POTUS in 21st C. Power gap is increasing exponentially
Post from Julia Fine that says, "Write the book you want to read because you will have to read it 75 times."
#writerslife
"Crypto is at best a form of private money, which has a long history of ending up in financial ruin."
Are we having a USS Maine moment?
The UK vote to leave the EU in 2016 led to an immediate rise in economic policy uncertainty. This column examines how Brexit-related policy uncertainty affected cross-border capital flows to the UK using firm-level evidence from Switzerland. Heightened uncertainty following the referendum led to a persistent decline in short-term debt flows to the UK, while equity investment remained largely unchanged. The adjustment was concentrated among US-controlled firms resident in Switzerland, reflecting their reliance on the UK as a platform for EU market access. The findings underscore the importance of monitoring the composition, not just the volume, of international capital flows.
Andreas Fischer & PΔ±nar YeΕin use firm-level evidence from Switzerland to show Brexit-related policy uncertainty led to a persistent decline in short-term debt flows to the UK, while equity investment remained largely unchanged.
cepr.org/voxeu/column...
#EconSky
Figure shows the average change in monthly payments upon internal refinancing: realised (red) vs passive counterfactual (blue). The passive counterfactual assumes borrowers roll over remaining debt at expiration without extra payments or contract adjustments. The surge in inflation following the COVID-19 pandemic prompted many central banks to raise interest rates sharply. This column combines data from a large German bank, a borrower survey, and a letter experiment to show that mortgage-holdersβ actions substantially reduce the impact of higher rates on monthly payments when their fixed rate ends. Survey responses indicate high informedness and a strong propensity to prepare, while the letter increases awareness of available options and raises refinancing activity among borrowers close to expiration. Overall, financial strains on mortgagors appear limited despite much higher rates, and mortgagorsβ anticipatory actions affect the transmission of monetary policy.
Mortgage-holdersβ actions substantially reduce the impact of higher interest rates on monthly payments when their fixed rate ends. Financial strains on mortgagors appear limited despite much higher rates.
@fuster.bsky.social @gianiv.bsky.social et al.
cepr.org/voxeu/column...
#EconSky
If "stabilizing inflation from 2.6 to 3.0" earns you kudos, then "stabilizing inflation rom above 8.0 down to 2.6" should earn even more kudos. Right?
A massive snowball fight took place in New York's Washington Square Park after a blizzard dumped more than two feet of snow across much of the northeastern U.S., the AP reported.
β.. Bitcoin's performance over the past 5 years is about half of the S&P 500's.β
- Schwab $IBIT
It still doesn't prevent "intentional" failure to deliver the mail. It seems to me that USPS can "intentionally" fail to deliver mail, and you can't sue it for damages. The mail is still undelivered.
"Choose not to"
Does this mean that USPS can not deliver mail to a certain address? Like mail in ballots?
β.. It should have been clear all along that a single GPU cluster in North Dakota generating the output previously attributed to 10,000 white-collar workers in midtown Manhattan is more economic pandemic than economic panacea.β
#GhostGDP π»
www.citriniresearch.com/p/2028gic
I shot the Tariff.
But did not shoot the B of P.
(Kudos to @elruben.bsky.social )
A graph of the timeline of Trumpβs second term trade war
The President responded to yesterdayβs SCOTUS ruling that his IEEPA tariffs were illegal with new 10% tariffs based Section 122, yet that still left a net ~3 percentage point reduction in average tariff rates. Tariffs on imports from countries like Brazil or Vietnam were reduced significantly.
He telegraphed it during his confirmation, where he singled out Dems for his ire.
Don't know how you say that? On either side of the decision are three Federalists
We are way past this 50's moment now. Still, waiting for someone with influence/power to say this: youtu.be/svUyYzzv6VI?...
The BEA shutdown impact calculation is basically based on subtracting from government spending the pay furloughed workers would have received. Because those workers received back pay, the 1 pp decline in GDP attributed to the government shutdown will be made up in Q1, so expect a rebound.
Michelle Cowley, a London-based communications specialist, and her husband spent nearly two years planning a $16,000 vacation to Walt Disney World in Florida. Then their children, ages 7 and 11, heard about Renee Good and Alex Pretti being killed by ICE agents and didnβt want to go.
The lede on this story
11 Million Visitors Short: Inside Americaβs Continuing Tourism Slump
www.nytimes.com/2026/02/20/t...
I was on dad duty this morning so I'm going to do a full thread on the Q4 advance NIPA release but I'll start with an explainer here.
The Truth refers to avg level of output in each quarter of 2025 compared to the same for 2024, while the NYT refers to the change in Q4's output vs Q3, annualized.
Really interesting stuff.
π#Tariff-induced #inflation reacceleration
π
December 2025: inflationary short-term dynamics
πΊHeadline inflation
‴οΈ3-month 3.1%
‴οΈ6-month 3.0%
‴οΈ12-month 2.9%
πΊCore PCE inflation
‴οΈ3-month 3.1%
β€΄οΈ 6-month 2.9%
‴οΈ12-month 3.0%
US #Tariff-induced #inflation pressures despite shelter cost disinflation
πDecember 2025
π Headline PCE prices: 0.36% m/m
π Core PCE prices: 0.36% m/m
π―Moving away from 2% #Fed target
πΊHeadline PCE inflation: 2.9% (+0.1pt)
πΊCore PCE inflation: 3.0% (+0.2pt)
