There’s an episode of Friends where Monica dates a rich guy (played by Jon Favreau) who has ‘conquered the worlds of business and romance and now has to conquer the physical world,’ and gets horribly injured in a fight. This is somehow even more absurd.

Proud to have attended the naturalization ceremony for 54 new Americans this July 4th at Monticello. Made me reflect on the promise America represents to so many around the world.

Important step towards improving the resilience of the OEF sector. Encourage everyone with interest to read the report and to attend the outreach event

This is the winner

If you look at the productivity data over the past 30 years, white collar services and construction are the two areas with the least gains (and therefore the most potential for disruption from new tech)

Good thread, retweeting so I can find the interview later!

The Eras tour is making more in 2023 than the GDP of Belize.

If there’s another global pandemic in 2025 this could be a useful analogy

🎧📨 On this episode of the President's Inbox podcast, Matthias Matthijs sits down with James M. Lindsay to discuss how the European Union has transformed its approach to economics and the implications for transatlantic relations. Tune in below ⬇️ on.cfr.org/3EpB4vA

We got a new celebrity-inspired drink this weekend: it’s salmon- (or cod-) flavored vodka with a can of beans as a chaser. We call it the “Day in the life of a 58 year old dive bar in DC”.

I never expected this crossover

5/ At the root of a balance sheet recession lies an excess debt which leads to deflationary recession through 3 channels . Financial (Minsky): forced sale of assets to repay debt . Monetary (Fisher): contraction of liquidity . Credit (Bernanke): defaults restricts bank lending

Great flow chart for key balance sheet recession drivers

"China’s central bank is making the biggest medium-term liquidity injection since 2020 [a net 289 billion yuan via a one-year policy loan] stepping up efforts to support the nation’s economic recovery and debt sales." bloomberg.com/news/articles/… via Bloomberg Economics

Linked article is a good read on trying to understand how the Israeli political class sees recent events - focusing on perceptions instead of assuming objective truths.

Highly recommend this book to help understand a bit of what we have seen in American politics in recent decades amazon.com/Achieving-Our-…

A change in trade policy will not fix the European Union’s longer-term structural problems, write Matthias Matthijs and Erik Jones. How can European leaders rebalance the continent’s economy and address Europe’s security vulnerabilities? foreignaffairs.com/europe/biggest…

“America would be better off if more people worked in manufacturing.” • 80% of Americans agree • 20% disagree “I would be better off if I worked in a factory.” • 25% of Americans agree • 73% disagree • 2% currently work in a factory 👉🏻 cato.org/sites/cato.org…

Makes you wonder whether a symmetric inflation target is the right approach, if consumers inflation expectations are not…

As a lifelong Trailblazers fan, this is very on-brand.