Regime change via bombing can (excuse the pun) backfire. It’s way too early to glean how this will turn out.
Iran’s new power struggle
www.economist.com/the-world-in...
Indicador IMEF: "En febrero de 2026, tanto el Indicador IMEF Manufacturero como el No Manufacturero
mostraron señales de mejora moderada, aunque dentro de un entorno aún frágil." www.indicadorimef.org.mx/boletines/20...
An update: We're now starting to see how much Trump lost with the tariff ruling www.youtube.com/watch?v=El0K...
Two different measures of business inflation expectations have essentially returned to pre-pandemic levels.
The Atlanta Fed survey (dark line) asks businesses how much they expect their own unit costs to change
The Cleveland Fed survey (teal) asks business executives where they expect CPI to run
An Illustrated History of the Federal Reserve's Balance Sheet
www.federalreserve.gov/econres/note...
Greater polarization amongst businesses
Donald Trump’s tariffs exert heavy burden on midsized US companies
giftarticle.ft.com/giftarticle/...
Best of luck at your new job!
@mattyglesias.bsky.social Regarding this: open.substack.com/pub/matthewy...
The Mexican government's motives are closer to those of Russia than to those of Norway.
Grateful to the Iowa State University Department of Economics for their Outstanding Alumni Award. I’m thankful for the professors and colleagues who shaped my thinking — and I try to carry that forward in my work every day.
It’s fun to read of how Jethro teaches Moses the power of delegating in Exodus 18.
EVERCORE: “DOGE failed.”
@patsignoret.bsky.social
“.. the narrowing of the trade deficit we have experienced in the wake of the front-running of tariffs may be fading. It shows that the low-hanging fruit on adjustments to supply chains, including switching to domestic manufacturers, has been plucked.”
@kpmgus.bsky.social
kpmg.com/us/en/articl...
happening this morning in Minneapolis -- ICE agents drawing guns on observers. I reiterate again that it is only a matter of time before DHS kills more innocent people in Minnesota. Congress needs to shut this shit down right now.
Hear, hear!
1/4
Yicai: "China's macro leverage ratio – a measure of total debt relative to nominal GDP – rose by 11.8 percentage points to 302.3 percent in 2025, exceeding the 10.1 point increase recorded in 2024, according to a new research report by CASS.
www.yicaiglobal.com/news/chinas-...
"expecting lending standards generally to remain unchanged and demand to strengthen across all loan categories"
"more likely to approve loans to firms benefiting from high AI exposure"
2/2
"tighter lending standards for commercial and industrial (C&I) loans to firms of all sizes"
"unchanged lending standards and weaker demand across most categories of residential real estate (RRE) loans"
www.federalreserve.gov/data/sloos/s...
1/2
Confirms reacceleration thesis. Warsh or te least the FOMC may be disappoint Trump.
The Schoolchildren of Minneapolis www.newyorker.com/magazine/202...
Painful to read but we must bear witness and be informed.
ICE Assault on a Minnesota School District www.newyorker.com/news/the-led...
the 'bitcoin is digital gold' crowd has gone awfully quiet
MAGA military geniuses are talking about Minnesota protestors like they are the Iraqi insurgency, the Taliban, and the Viet Cong all rolled into one.
A Minnesota woman observing ICE agents in her car was cornered on one-way streets. An agent approached, called her by name—citing facial recognition. Days later, her Global Entry and TSA privileges were revoked, with no explanation.
A real change in how Germany approaches the EU is happening. Berlin used to prioritise the unity of the 27 and now seems much more open towards coalitions of the willing.
Next step is initiative by Finance minister Klingenbeil to build an avant-garde with 🇫🇷🇵🇱🇮🇹🇳🇱🇪🇸:
The lesson of the past two weeks, whether you’re the EU, South Korea or any other trading nation: you may THINK you have a “deal” with Donald Trump.
You don’t. 🤡
@financialtimes.com
www.ft.com/content/9982...
Good. And I hope to hear from Republican senators (more than the few speaking up). Also, it is not just about training. It’s about the mandate and cover they’ve been given by their leaders and their individual ethics.
The killing of Alex Pretti is a heartbreaking tragedy. It should also be a wake-up call to every American, regardless of party, that many of our core values as a nation are increasingly under assault.
100 clergy arrested as thousands rally against immigration enforcement in subzero Minnesota temperatures www.ncronline.org/100-clergy-a...
Hundreds of clergy descend on Minneapolis and go on lookout for ICE www.ncronline.org/news/hundred...
