In this Money Makers podcast, Jonathan Davis is joined by Russell Napier, global market strategist and founder of the Library of Mistakes, and Edward Chancellor, historian and author of The Price of Time, to put the dramas of Trump 2.0 in context. soundcloud.com/moneymakersaud…

The labor market is holding together on the surface, but concerning details appear under the hood. No quitting and no hiring, but also no firing yet. Here's the real story behind the US labor market. 1/

CHINESE STATE MEDIA: CHINA, JAPAN, SOUTH KOREA REACH A CONSENSUS THAT THREE SIDES WILL JOINTLY RESPOND TO THE U.S. TARIFFS do you know what a cosmic-level asshole one has to be in order to get CHINA, SOUTH KOREA AND JAPAN TO AGREE ON SOMETHING?!

To illustrate just how nonsensically these tariffs were calculated, take the example of Lesotho, one of the poorest countries in Africa with just $2.4 billion in annual GDP, which is being struck with a 50% tariff rate under the Trump plan, the highest rate among all countries on

These fund managers think gold is the most crowded trade yet their allocation to gold as a group is tiny. Everyone thinks the next guy is long over his skis, while not a single one of them actually holds nearly enough.

This is reminiscent of footage of the KKK in the American South.

The West hasn't just sat by passively and watched the mass starvation, ethnic cleansing and genocide imposed by Israel on Gaza. The West has paid for it, armed it, protected it diplomatically, and even imposed new mass police censorship schemes to suppress criticism of it.

Excellent material, even more valuable for pro traders working in teams under constant observation from others (peers, clients, bosses etc) than independent ones.

My Substack, “Is the Russell 2000 Permanently Screwed?”, discusses small caps’ recent underperformance vs. the S&P and the theory that they’re permanently bad because the best small companies now never IPO. We studied the data and reached a conclusion. Head on over to find out!

As peaceful protestors are arrested for holding placards, starving Palestinians are being shot in the street. This will go down as one of the most shameful moments in British legal history. No amount of suppression can hide the truth: our government is complicit in genocide.

when you said you’d take care of it in September and it’s September

The dollar, famously, rallied during the global financial crisis (which originated in the US). It didn't though rally because foreign investors rushed into US assets -- A new blog on an important bit of financial history cfr.org/article/foreig…

A British guide to.. Terrorism: - picking up a flag - putting paint on a war plane Not terrorism: - executing 250 journalists - murdering 20,000 children - bombing 37 hospitals - allowing babies to decompose in ICU beds - starving 2million people - shoot people queuing for food

Finally, someone has said it. It's time to end the veto power. It will forever be remembered that the United States used their power of veto to facilitate a genocide in which they were participating.

Excellent economic history lesson, rhyming with the present and near future.

What the OCC just did might sound harmless on the surface, cutting red tape for small banks so they can focus on lending but it’s actually a subtle signal that regulators are preparing for trouble under the hood. By scrapping fixed examination schedules, easing model risk rules,

Turns out the greatest startup idea of the last 10 years was a chatbot where you ask a question and it answers with something a guy wrote on Reddit 8 years ago

Meanwhile the ECB blathers about making the EUR viable as the main world reserve currency...whatever you already think, you do not have enough gold vaulted outside banks in trustworthy jurisdictions.

My favorite book of 2025 (aside from my wife’s, of course) was The History of Money: A Story of Humanity by David McWilliams (David McWilliams)—so ending the year with David on the podcast is a treat! You don't want to miss the story about Gutenberg’s printing press and Martin Luther!