Outgoing Atlanta Fed President Raphael Bostic signals greater concern about Fed independence than the more anodyne statements typically offered by his colleagues when the subject comes up
He says there's an ongoing threat and the outcome is genuinely uncertain www.atlantafed.org/news-and-eve...
In a normal world, "US treasury secretary endorses American annexation of Canadian territory" should be front page news
Meanwhile, in Canada …
Nothing matters
Something every 2026/28 Dem should commit to is investigations of any company that did deals with Trump. A kind of forward guidance to get companies to think twice in advance of what’s coming.
Money given to influence the conduct of a person in a position of trust you say?
The same people who repeatedly insisted that tariffs won't raise prices.
I’m not exaggerating when I say the US government is acting like an abusive ex towards Canada.
Switching between “you suck, I don’t need you” and “you would be nothing without me, don’t you dare talk to anyone else”.
Hey, he’s only the president, how is he supposed to know who he is pardoning
CHART: President Trump’s memecoin is doing poorly protos.com/chart-presid...
FT graph showing massive UK public support for the opinion that it was wrong to vote to leave the EU.
Ah! Good morning, reality. And welcome. We’ve been expecting you…
The penny was the main unit of currency for around 500 years, until the recoinage of Edward I with the introduction of the groat.
Later a half groat, along with several gold denominations, was introduced by Edward III
Groat, halfgroat, penny, halfpenny and farthing of Eddy III
NEW: How do you think the US distributes social security benefits to people without bank accounts? If you answered “badly,” you’re correct. Yizhu Wang & I took a look at the latest fumbles in Treasury’s efforts to improve the program, & what’s likely to happen next www.bloomberg.com/news/article...
Really interesting take on why Montreal is so unique in terms of human-scale urbanism. Consider this when voting in a month?
So google maps updated some satellite footage, here’s one single Ukrainian village. One out of thousands
This is an excellent & worrying interview w/ @petercontibrown.bsky.social. Fed independence is gone the day that Lisa Cook's 'firing' is un-stayed by a court; and once it is gone, it will not be coming back anytime soon, likely not before some inflation disaster hits. Everyone loses. Great job, USA.
Fed independence is a question of power. As with many institutions today, President Trump is trying to reduce the Fed’s power and increase his own. That dramatic backdrop makes today’s Senate hearing on Stephen Miran for Fed Governor anything but normal. stayathomemacro.substack.com/p/who-will-b...
Brown‑Forman's "net sales in developed international markets dropped eight per cent" due to "geopolitical uncertainty".
Sales fell 62% in Canada, 16% in the UK, & 10% in Germany. 🍷
#EconSky
www.cbc.ca/news/canada/...
Canada is cursed in having mostly the same vehicle standards as the US, and while some styles (like large SUVs) aren’t as common here yet, I worry that it’s only a matter of time.
Europe should fight this hard — and any other similar concessions.
The Fed is not good at talking to citizens. Its communications culture is aimed at markets, which means it knows how to give coded, cautious hints that leave room for negotiation. That means there's little will and no experience with strong, affirmative signals in response to wanton norm-burning.
Tariff inflation effects are just getting started.
(via Apollo)
i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.
The pressure on the independence of the US Federal Reserve is as bad as some of us had feared. I would love to understand what motivates this optimistic perspective from Raghuram Rajan
A reminder: Dr. Cook's mortgages are not the real issue. The threat to US macro stability is the clear intention of the Trump Admin to influence the composition of the FOMC in defiance of the structures designed to insulate the institution from such influence. Thank you for coming to my TED talk
A typical financial market has *fundamental* traders who watch the world and *technical* traders who watch other traders. A striking feature of the Bitcoin market is the almost total absence of the former. This has increasingly serious implications for all of us www.asomo.co/p/the-whale-...
“This is a new attempt of the administration to gain more control over the Fed,” said Claudia Sahm, “They’re pulling as many different levers as they can find to get that control.” www.bloomberg.com/news/article...
Crypto is not a socially useful industry. The most innocent side of it is a form of gambling. UK could make money by hosting and facilitating it, but it does so at the expense of global society and should no more do this than it should help illicit arms sales.
