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When will I be concerned about fiscal deficits? Here is the playbook: Deficit to GDP north of 5% and rising, and CPI above 4% and rising, and 10y UST more than 3% higher than the Fed funds rate. This would indicate demand pull inflation is taking hold, and without a

Certain monetary writings insist that, because banks are usually licensed or chartered by governments, any currency they issue is really a product of the state. I suppose they also think that, wherever fishing requires a license, governments are really catching all the fish.

The courts have this one right. Trump’s tariffs were clearly not what “emergency powers” were intended for.

Hot take Ultimately, this ruling hurts quickly finalizing trade deals. The fight in the courts will only string out the uncertainty, unless the Supreme Court intervenes quickly to end this mess. More limbo likely. cnbc.com/2025/05/29/tru…

Nope. There was no “emergency” from which Trump could unilaterally raise tarrifs on everyone. The US has had trade deficits for many decades, and has largely prospered (although admittedly prosperity has not been evenly shared). Despite deficits, the US has remained the most

Common sense. Trump is his own worst enemy on the interest rate issue. He’s playing chicken with trade partners, and the economy. I’m already seeing real estate developers put residential development plans on hold.

Warren B. Mosler MMT101.ORG But, “money” in the form of deposits is also created by banks. The resulting economic activity benefits both the private sector and govt. Thus, govt doesn’t necessarily need to spend more to get more (especially given the high level of outstanding govt debt). Govt only needs to

Jamie Dimon dropping BOMBS: “Immigration… what the hell were we doing? The bottom 20% of our population’s wages haven’t gone up in 20 years. The Biden admin was wasting so much money on “green” stuff that we know won’t work… meanwhile our schools don’t work.”

The Fed would be cutting right now if it weren’t for tariffs….

Because markets don’t care about anything other than tariffs. The inflation report today was also good. If the economy collapses into recession, all assets go with it. 1 btc = 1 btc, but in terms of dollars, it’s going down with the rest of the assets. UST are still the short

Truth is, Bitcoin is a call option on gold. It may someday become a global safe asset, but it’s not there now. And that’s the risk/reward. Upside is still nearly 10x, but so is still -50% to 80%.

Guys, we have been "reaching our limits" since the 1980s!!!! Just develop a new theory that explains why that "limit" is never reached in 40+ years, or stop posting. "It’s a sober look at what happens when a system built on ever-growing debt reaches its limits"

Important point. 💯 truth in this over the long term, but the issue is the pace of the technology. Workers need to be retrained (and have willingness to do new jobs/relocate). As we saw with globalization, certain segments of the population could get devastated.

I’m so sick of this. Doesn’t feel like “winning” to me….quite the opposite. Trump says U.S. will double steel tariffs to 50% CNBC cnbc.com/2025/05/30/tru…

Crazy, but I’m glad it worked out for him. My advice, DCA in, don’t go in debt, only what you can afford to lose, and be prepared to hold for 7-10 years min.

The key here is - are they bringing in brains (productive workers) or stomachs (dependent on social services)? The former will be a huge benefit, the latter, not so much. Immigration totals, by themselves, don’t tell us much.