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The Pentagon Pizza Report with excellent predictive power

How can a single, simple event like this have two completely different interpretations by respectable authorities? We need to agree to agree on facts, else “a house divided cannot stand.” Wake up, America. x.com/dhsgov/status/…

US needs to stop whining about China. Not a good look.

This is bad. Khalistani knuckleheads in Canada need to knock it off.

Good god, where have all the adults gone?

Many may wonder what _False Dawn_ could possibly reveal about the New Deal and the U.S. Great Depression that they don't already know. So here's a brief list of some things that may qualify. press.uchicago.edu/ucp/books/book…

Except that the economy is not knowable the way a simple car engine is. One can't describe the billions of parts that make up the economy (let alone describe what motivates the behavior of these parts) by simple description. This is why theory is needed.

🚨 "Consumption in Asset Returns" (w. Svetlana Bryzgalova & Jiantao Huang) forthcoming Journal of Finance We use asset returns to uncover the elusive dynamics of consumption. Turns out, financial markets know a lot about future consumption—and it matters for both macro & asset pricing🧵👇1/n

Little Italy (The Hill) in St. Louis

Characteristic of US foreign policy since after World War II. See also en.m.wikipedia.org/wiki/The_Best_…

All is so beautiful these days.

CPI inflation rate for May 2025 2.38% year-over-year 0.97% month-over-month (annualized) Room for a rate cut here, though probably won't happen. Not that it matters very much. Many other more pressing problems not fixable w/ interest rate policy!

What a guy.

One got the impression that he does not know very much of anything about Iran. Not knowing your enemy is a problem. Not knowing that knowing your enemy is important an even bigger problem.

WW3 Chess Game🫵😅☠️

Poor billionaires.

As expected.

A good payment instrument requires a stable *short-run* rate of return. While both BTC and GLD may offer superior hedging/store-of-value properties, they do not make good money. See: andolfatto.blogspot.com/2013/04/why-go…

Two things can be true: 1) Waller hasn't always been in the center of the committee, and he can bounce between the guardrails. He was an advocate for earlier tapering in 2021 but swallowed those reservations after the data rug-pulled the hawks in Aug/Sept 2021. He made a big

The thing about the conservatives opposed to selling Federal lands (e.g. I noticed Lomez ), is that they clearly have not actually read Mike Lee 's actual bill. Massive failure of literacy on the part of the based right. So let's look at the bill!