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Companies shud take policy positions core to their biz, and have a responsibility to advocate for policies that protect their employees and fight those that hurt them. But forcing companies into the “blue” or “red” side of every divisive issue will hurt our economy and country.

Supreme Court reversal of Roe v. Wade is not just bad; it’s Dred Scott bad.

Inflation fighting is mostly the fed’s show, but there’s stuff for rest-of-gov to do, e.g: expand immigration to increase labor force; subsidize child care for labor participation;  eliminate some tariffs; provide less hostile regulation for energy sourcing and transportation….

Dial back a bit the negativity on the economic outlook.  If I’m managing a big company of course I’m prepping for the worst. But the economy is starting from a strong place, with more jobs than takers, and is adjusting to higher rates. Riskier times, but may yet land softly.

This Supreme Court is more activist than any we've had in decades, something conservatives have traditionally railed against. But I guess conservatives don’t mind this type of activism.

Hats off to the P/E lobby! After all these years and budget crises, the highest paid people still pay the lower capital gains tax on earnings from their labor.  I agree their activity helps the economy, but so does the labor of truck drivers, teachers and construction workers!

No shock that the pace of change is picking up at the PGA. You don’t have to care a whit about golf to draw the broader economics lesson: that competition drives innovation!

Reading the news, it seems like half the country is suffering from floods, the other half from drought. The Romans would have built aqueducts!!

This is one of those trading days where if you had the news in advance (above-expected CPI), you REALLY would have lost a lot of money.

Seems EVERYONE negative on the mkt with sticky inflation, more rate hikes, other bad stuff ahead. Yet…inconceivable for all pundits to be right, but often all are wrong. Positives may be lurking. Fed pause, Ukraine truce, China lockdown end, etc. Sentiment can shift suddenly.

I imagine Jay Powell and the rest of the Fed Governors are right now sitting with a thesaurus trying to find the word that means “pause” or “not pause,” depending on who’s listening.

A few banks may have issues like SVB, but only a few. Govt actions removed reasons for bank runs.   Biggest banks have much tougher regulation and stress testing. Anxiety and volatility high, but sharply lower interest rates, fed likely on hold, are strong positives for markets.

On this week's GPS, @ 10am & 1pm ET Sunday on CNN: an important conversation about the banking system with Lloyd Blankfein

The battery just ran out on my HP12C. Never gave it much thought, but I’ve used this calculator for 40 years. Still functional, looks current. Bet not many other consumer electronic devices out today will have that kind of run!

Does this man have the temperament to be President? Disney is lucky he doesn’t have the launch codes……

Do you think Putin is thinking, “I’m 70 years old and fabulously rich. Why the hell do I need this aggravation?”

Wall of worry: Inflation falling, yet Fed says too slowly to be done hiking rates…. Economy and payroll growing, yet economists (and the yield curve) say recession is coming. Conditions are worrisome BUT: aren’t they consistent with what you’d expect heading for a soft landing?

I might be too pessimistic. After recent Goldilocks economic reports, maybe we don’t get either a hard landing or soft landing. Maybe we get NO landing.

Trump correctly spoke to the importance of defending the dollar’s exclusivity as the world’s reserve currency. Helps US trade, financing our deficit, driving US policy choices on our enemies and frenemies. So why is the new admin so bent on promoting BITC?

The switchboard at the WH must be burning up with gov’ts trying to surrender in this trade war. Why not give them a chance? Make the 10pct min tariff immediate but defer the “reciprocal” part 6 mos. Take the win! The Prez said he’d make us tired of winning…I’m there now!