Cracks Are Spreading in the U.S. Labor Market The labor market hasn’t collapsed. But beneath the surface, key employment metrics are deteriorating 🧵 1/13

*JENNIFER GARNER BABY FOOD CO. CONFIDENTIALLY FILES FOR IPO (RTRS)

Can you feel the pessimism tonight?

Where Does the US Economy Stand Today? A data-driven analysis cutting through the noise to reveal the current state of the Aggregate Economy. epbresearch.substack.com/p/where-does-t…

The MAGA faction that wanted tax increases on the rich, no cuts to Medicaid and no strikes on Iran look to be going 0/3

One of the best recent posts direct from the ground supporting "the dollar is massively overvalued" thesis

I hate when I accidentally fund AK-47s and other weapons for an alleged coup in South Sudan

Just did a quant interview with Jane Street. The first question was “estimate the number of windows in New York City, walk us through your methodology.” The second question was “how many AK47s would you estimate it would take to overthrow a mid size African country?”

I’m so fucking done I can’t take this anymore

One cool new feature of stock markets in 2025 is that you can find out about major government developments before they are announced

Every time your account gets wiped out, confetti will spray across your screen with the text banner: "You asked for it"

Bloomberg push notifications vs reported data 🤔

The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.

Putting aside the stunning lack of distributions in recent years, this chart suggests that even the vintages over a decade ago do not exceed 2x distributions to paid-in-capital, including years when markets were particularly distressed (09-12).

*WHITE HOUSE SAYS TRUMP SENT HANDWRITTEN NOTE TO FED CHAIR POWELL *WHITE HOUSE SAYS TRUMP ASKS POWELL TO LOWER RATES

“As more and more assignats rolled off the printing presses, prices soared and a new disease infected the French character. Speculation and gambling became epidemic; some gamblers rushed to the stock market, others to the roulette wheel. Workers loafed ; productivity lagged.

Happy Anniversary!

By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.

Inflation and deflation at the same time. This is an interesting concept. Here are some thoughts on how that may be possible in our current regime - and even how we are already seeing it right now... 1/