SF Fed President Mary Daly: "We will likely need to adjust policy in the coming months."

the degree to which modern conservatives are eager to embrace literal Argentinian Peronism is wild. Like Big Mac price controls is *literally* what Argentina did

This is a preview of how the WH will handle warmer inflation numbers next week and going forward. They’ll say the numbers are ‘fake’ because they include ‘one-time’ price increases.

So we’re extorting our own businesses in exchange for letting them arm our greatest enemy?

You could start to randomly expropriate Americans and then use the same argument as the extra revenue starts to roll into the Treasury.

5/6 But no, if by closing local producers and reducing wages the new Walmart reduces your town's real household income, in which case only a rise in consumer debt (or a sale of household assets) will prevent total consumption from declining.

There is nothing more unpleasant than the company of someone with a very poor sense of humor who suddenly got rich.

This mf’er really said if retail investors lose their entire capital with this SPAC there can be « no crying in the casino » in his S1 filing 🤣🤣🤣🤣

EJ Anthony, Trump pick for new Bureau of Labor Statisitcs chief, claimed that the US had been in recession since 2022 after mismeasuring inflation. His “adjusted” series charted here against other volume measures that don’t rely on any inflation measure. Lamentable

Remember that time we delayed most tariffs until August and then used May and June inflation as proof that tariffs do not cause inflation

this is disgusting on so many levels

Ladies and gentlemen your next Fed Chair: (he doesn't put up the really weird shit on his Instagram as posts... only as those story things that disappear in 24hrs) these are highlights from those over the last few years... like the last one where hes at a lesbian bondage museum

So apparently this isn’t just the old AI division which Zuck laid off, but also their new superintelligence team that they’ve just spent billions on hiring for. It’s only been a few weeks. Wonder what snag they hit to cause this change.

Like night follows day...

Walmart CEO: We expect tariff-related cost to increase into third and fourth quarters.

This is certainly the worst season of The Apprentice

Zervos is the Fed Chair we all deserve…

This reply to Pulte is very interesting. Why is this person with butterflies in their handle and “$GME” asking him if they ‘shuffle’ their answer you might be wondering? It’s because before Pulte took over the top job running FHFA he was intimately involved with pumping Bed Bath

Post Jackson Hole interest rate markets suggest 3% fed funds bottom in mid-2027. If so then 4% 10 year is a possibility. Still with trillions in supply ahead, 4% is hard to imagine. Stay mildly bearish with expected range of 4.15-4.45 over next few months. Current 4.25% yield is

👀 Michael Faulkender, the deputy Treasury secretary, was pushed out of his job after frustrating President Trump and feuding with those close to him. Trump became convinced he wasn’t aligned with the overall vision of his second term.