Your brain doesn't work as well as AI

Please release the 18+ version

Thanks for the correction, Elon Musk. It’s great that we can have a good exchange about such economic things. When I said Chinese manufacturing production is greater than that of the US, Europe, and Japan, I meant to say that it is greater than the US, Germany, and Japan

Tariffs on the EU, today's big news, are not a total surprise. Trump has often said (incorrectly) that Europe is worse than China on trade. These tariffs will have a big impact on the pharmaceuticals sector. So it is worth reviewing some recent pharma 10-ks ... 1/ many

Bloomberg on US inflation: “Inflation measures that are heating up again include input costs, inflation expectations, and wage growth, with economists warning of upside risks to the inflation outlook.”

Speaking at an ag conference, Kansas City Fed President Jeff Schmid offers what he calls a “radical suggestion” to rethink excluding food from measures of core inflation given how food prices have not been as volatile as energy prices

Kansas City Fed President Jeff Schmid says he is less optimistic about inflation than he was at the beginning of the year because of recent surveys showing consumers expect higher inflation. Import goods price hikes from tariffs might be transitory but “I am not willing to take

Everyone rn

Treasury Secretary Scott Bessent was just questioned if we're in a recession. "We're seeing the hangover from the excess spending in the Biden 4 years. In 6 to 12 months, it becomes Trump's economy." Translation: They want the market crash soon.

discord.gg/kmBUr5EB

Senators Wyden, Warner, Warnock and Welch introduced the "Close the Round-Tripping Loophole Act", which denies firms producing abroad for sale back to the US access to the special low GILTI rate (now 10.5%). It is a serious piece of legislation that warrants broad support 1/

Many famous investors including Warren Buffett, Bill Ackman and a bunch more just updated their portfolios Here's what their portfolios looked like as of the end of Q2 (A thread🧵⬇️) Warren Buffett: 🐐