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Justin Fox

@byjustinfox

Columnist @opinion.bloomberg.com‬. Opinions mine, charts property of Bloomberg LP (although you are of course welcome to share them).

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03.07.2023
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Latest posts by Justin Fox @byjustinfox

a graph of employment at newspapers, which continually goes down

a graph of employment at newspapers, which continually goes down

It's remarkable how low this number can get and still keep going down

06.03.2026 14:15 👍 157 🔁 32 💬 4 📌 4
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Congestion Pricing Wins in Court After Lengthy Battle With Trump

BREAKING: A federal judge on Tuesday ruled that New York’s congestion pricing toll is legal and may continue, handing a major victory to the state in its defense of the first-in-the-nation traffic reduction plan, which the Trump administration had tried for more than a year to kill.

03.03.2026 17:21 👍 216 🔁 48 💬 2 📌 12
What comes next? Based on my industry soundings, oil companies and shipowners are holding discussions with the US government and others about getting the tanker traffic resumed. Either the US feels confident that the Iranian threat has diminished and declares the strait safe, or alternatively it organizes convoys under warship escort, with tankers crossing in batches. From the industry, I hear that the US is very much aware this needs to happen quickly — in days, not weeks. OPEC+ officials tell me that regional navies are involved in the discussion about convoys, although no decision has been taken yet. The US last provided escort to oil tankers convoys in the Persian Gulf in the mid-1980s under Operation Earnest Will during the Iran-Iraq war.

What comes next? Based on my industry soundings, oil companies and shipowners are holding discussions with the US government and others about getting the tanker traffic resumed. Either the US feels confident that the Iranian threat has diminished and declares the strait safe, or alternatively it organizes convoys under warship escort, with tankers crossing in batches. From the industry, I hear that the US is very much aware this needs to happen quickly — in days, not weeks. OPEC+ officials tell me that regional navies are involved in the discussion about convoys, although no decision has been taken yet. The US last provided escort to oil tankers convoys in the Persian Gulf in the mid-1980s under Operation Earnest Will during the Iran-Iraq war.

From @javierblas.bsky.social www.bloomberg.com/opinion/arti...

03.03.2026 15:26 👍 3 🔁 0 💬 0 📌 0

Fun fact: this is the same guy who, as an executive at Uber, suggested that the company hire oppo researchers to dig up dirt on critical journalists. It was @semaforben.bsky.social who broke the story www.buzzfeednews.com/article/bens...

27.02.2026 16:32 👍 1 🔁 0 💬 0 📌 0
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The Rise of the Manhattan Mega-Mansion In the West Village and other historic neighborhoods, buyers are consolidating apartments and combining townhomes, a sign of New York’s allure to the ultra-rich.

Behind the preserved historical facades, the ultra-rich are buying up adjacent townhomes in the West Village and Upper East Side, combining them into a megamansion. It's part of a broader trend of small multifamily buildings being turned into single-family homes. www.bloomberg.com/graphics/202...

26.02.2026 14:05 👍 301 🔁 104 💬 6 📌 33
Post image Post image Post image Post image

Historic neighborhoods with iron preservation mandates don't stop change. They accelerate change. Historic preservation turns units for renters into mansions for billionaires

www.bloomberg.com/graphics/202...

26.02.2026 14:02 👍 64 🔁 19 💬 3 📌 5
Chart showing change in US government revenue since January for individual income taxes (up $315 billion), customs duties (up $205 billion), payroll taxes for Social Security and Medicare (up $43 billion), and corporate income taxes (down $64 billion)

Chart showing change in US government revenue since January for individual income taxes (up $315 billion), customs duties (up $205 billion), payroll taxes for Social Security and Medicare (up $43 billion), and corporate income taxes (down $64 billion)

The increase in individual income tax receipts since last January had been much *bigger* than the increase in tariff revenue www.bloomberg.com/opinion/arti...

25.02.2026 14:27 👍 1 🔁 1 💬 0 📌 0
Chart showing trailing-12-month US government receipts from individual income taxes (which are rising briskly, even after adjusting for inflation) and social insurance payroll taxes (which aren't)

Chart showing trailing-12-month US government receipts from individual income taxes (which are rising briskly, even after adjusting for inflation) and social insurance payroll taxes (which aren't)

US income-tax receipts are taking off again. Social Security and Medicare payroll tax receipts aren't. Which means income inequality must be rising (new column with gift link) www.bloomberg.com/opinion/arti...

25.02.2026 14:18 👍 22 🔁 10 💬 1 📌 0

Flashback to last year's State of the Union: Trump falsely claimed that 10s of millions of dead people were getting Social Security.

But of course this year he won't claim victory--or even even acknowledge that wild claim--because it was false all along. #CBPPSOTU

25.02.2026 02:12 👍 18 🔁 4 💬 0 📌 0

everything you read about AI is someone's FORECAST. To date, there is no evidence it has raised economy-wide productivity or destroyed jobs (even among graduates). Even the impact of the capex on GDP - which is a real thing - has been wildly overstated for the past 12 months

24.02.2026 15:03 👍 115 🔁 23 💬 15 📌 4

TLDR: No. But it's worth diving into the data here to see how far off-course this administration has drifted, from day one.

24.02.2026 15:02 👍 0 🔁 1 💬 0 📌 0
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Ulrike Malmendier: Berkeley-Ökonomin scheidet als Wirtschaftsweise aus Nachrichten zur Konjunkturpolitik in Deutschland, Europa und der Welt. Prognosen sowie Hintergründe und täglich Exklusivmeldungen.

Germany is just great at own goals. This here is an impressive bicycle kick into its own net.

www.handelsblatt.com/politik/konj...

23.02.2026 17:44 👍 46 🔁 15 💬 2 📌 3

Over the 12 months ending in January customs duties brought in $284 billion vs. $80 billion in the preceding 12 months

20.02.2026 15:24 👍 3 🔁 0 💬 0 📌 0

bsky.app/profile/erik...

11.02.2026 16:34 👍 1 🔁 0 💬 0 📌 0
Oct. 5, 2012 tweet from the (since-deceased) former GE CEO Jack Welch: "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers"

Oct. 5, 2012 tweet from the (since-deceased) former GE CEO Jack Welch: "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers"

Never forget

11.02.2026 16:32 👍 3 🔁 0 💬 1 📌 0

I blame Jack Welch for this (by this I mean totally uninformed partisan takes on the jobs report)

11.02.2026 16:29 👍 17 🔁 1 💬 1 📌 0

None of the numbers in the monthly jobs report has anything to do with whether a person is collecting unemployment benefits or not. It's all based on surveys.

09.02.2026 13:36 👍 2 🔁 0 💬 0 📌 0
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Many Haitian-Americans Are Heritage Americans, Too The first big wave of immigration to the US from what is now Haiti came in the 1790s, after a 1791 slave revolt in the French colony of Saint-Domingue kicked off years of turmoil. About 10,000 refugee...

The first big wave of immigration to the US from what became Haiti started in the 1790s. Thousands of Americans emigrated *to* Haiti in the 1820s. Sounds like a bunch of Heritage Americans to me. New column, with gift link. www.bloomberg.com/opinion/arti...

07.02.2026 15:04 👍 8 🔁 4 💬 3 📌 1
That the "miserable negro," as Bonaparte called him, should have been forgotten so soon was not surprising; but the prejudice of race alone blinded the American people to the debt they owed to the desperate courage of five hundred thousand Haytian negroes who would not be enslaved.

That the "miserable negro," as Bonaparte called him, should have been forgotten so soon was not surprising; but the prejudice of race alone blinded the American people to the debt they owed to the desperate courage of five hundred thousand Haytian negroes who would not be enslaved.

Henry Adams, writing in Vol. II of his "History of the United States," first published in 1889: archive.org/details/hist...

07.02.2026 16:08 👍 2 🔁 1 💬 0 📌 0

What is now South Dakota became part of the US because Haitian freedom-fighters (and disease) destroyed the army Napoleon sent to reinstitute slavery there and then solidify French control over the Lousiana territory, causing him to sell the territory. So Hayti, SD, *should* be named after Haiti

07.02.2026 16:03 👍 3 🔁 0 💬 1 📌 0
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Hayti: A 19th Century Free Black Neighborhood Visit this exhibit in the Alexandria Archaeology Museum

... Alexandria, VA, and probably other places that were definitely named for the nation of Haiti www.alexandriava.gov/archaeology/...

07.02.2026 15:58 👍 0 🔁 0 💬 1 📌 0
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What Happened to Hayti? The Black Wall Street Lost to History - The HBCU Advocate By: Victor Greene Black History Month is important because it brings awareness to Black culture...

Hayti, South Dakota, was supposedly named for "hay ties," but there were Hayti neighborhoods in Durham, NC ... www.thehbcuadvocate.com/what-happene...

07.02.2026 15:57 👍 0 🔁 0 💬 1 📌 0
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Hayti, South Dakota - Wikipedia

Kicking myself for not having realized until just now that Kristi Noem is from Hayti en.wikipedia.org/wiki/Hayti,_...

07.02.2026 15:05 👍 2 🔁 0 💬 1 📌 0
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Many Haitian-Americans Are Heritage Americans, Too The first big wave of immigration to the US from what is now Haiti came in the 1790s, after a 1791 slave revolt in the French colony of Saint-Domingue kicked off years of turmoil. About 10,000 refugee...

The first big wave of immigration to the US from what became Haiti started in the 1790s. Thousands of Americans emigrated *to* Haiti in the 1820s. Sounds like a bunch of Heritage Americans to me. New column, with gift link. www.bloomberg.com/opinion/arti...

07.02.2026 15:04 👍 8 🔁 4 💬 3 📌 1
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The Almighty Dollar by Brendan Greeley: 9780593138885 | PenguinRandomHouse.com: Books In this ambitious and groundbreaking history of the dollar, financial journalist and economic scholar Brendan Greeley makes a new argument about the origins of our money—and the people and nations...

If you're in the market for a history of the dollar this spring, consider the history of the dollar that doesn't think the strong dollar was necessarily a good thing, and that often successful global currencies left local buyers and sellers poorly served

www.penguinrandomhouse.com/books/634502...

05.02.2026 15:34 👍 36 🔁 9 💬 4 📌 1
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Who really benefits from this tax refund increase?

@byjustinfox.bsky.social explains the data 🎥

05.02.2026 15:52 👍 4 🔁 1 💬 0 📌 0
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Lindsey Vonn is back in the gym 👀

A reminder that she tore her ACL on January 30, 2026.

🎥 lindseyvonn on IG

05.02.2026 15:56 👍 162 🔁 23 💬 18 📌 23
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This is a problem:

03.02.2026 17:21 👍 71 🔁 14 💬 7 📌 4
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The 5-year chart on that is especially awesome

03.02.2026 17:23 👍 2 🔁 0 💬 0 📌 0
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I tried doing a consistent chart with just CDC numbers (with the 1900-1932 numbers adjusted to account for missing states) and got this:

01.02.2026 21:45 👍 0 🔁 0 💬 1 📌 0