So disappointing to see JPYKRW in the Epstein files

You know what's great about this movie? 98 minutes. They don't make 'em like they used to!

More sensible choice here to head up the Bureau of Labour Statistics - Matsumoto has spent almost a decade as a research economist there. Been a 6 month gap www.ft.com/content/3acd...

A new study from Anthropic finds that gains in coding efficiency when relying on AI assistance did did not meet statistical significance; AI use noticeably degraded programmers’ understanding of what they were doing. Incredible.

About Kevin Warsh paulkrugman.substack.com/p/a-bad-heir...

".. His service was a disaster. He was tasked with keeping tabs on Wall Street but instead preached about the wonders of financial innovation right up until it exploded the economy."

Don was taken into custody by federal agents last night in Los Angeles.

Waller dissent statement dropped

Much hotter-than-expected US PPI inflation: Monthly PPI inflation for December jumped to 0.5%, significantly above the consensus forecast of 0.2%. Core PPI was even more startling, coming in at 0.7% monthly and pushing the annual core measure to 3.3% (well above the anticipated 2.9%). #Inflation

Well this is going to be fun

PPI for final demand advances 0.5% in December; services rise 0.7%, goods unchanged www.bls.gov/news.release... #PPI #BLSdata

PPI spicy!

Full story: China has lifted sanctions from six serving British MPs and peers www.theguardian.com/world/2026/j...

Confirmado!

It was the best of times It was the Warsh of times

What is MSCI anyway, and what has it done to Indonesia’s stock market? www.reuters.com/world/asia-p... by me

😬

Me, wailing: Stop 😭 Not everything is a giant macro hedge fund Alphaville, pointing at the Federal Reserve: Giant macro hedge fund

The trajectory of U.S.-China convergence suggests a Jardine Mathieson-chartered container ship should currently be sailing into the Bay Area laden with enormous quantities of baijiu, red envelopes and opium

It is literally eight hours since I cheerfully remarked to the Deutsche Bank flacks that it’s been a while since the bank got in trouble

But Mme Lagarde said that the EU was in the good place? I’m so confused

Big!

Investors all like

Rate checks are kind of silly aren’t they *phone rings at JPMorgan* “Hello, this is the Federal Reserve. How much are you selling yen for today? No, I don’t want to buy any. Just curious.”

Venezuelan government bonds up from roughly 32c/$ to ~41c (bonds have been in default for a few years).

Again???

Please give this article a read. Guan Heng's work in collecting on-the-ground intel on these camps is crucial to understanding the human rights crisis in Xinjiang. He fled China with the footage, entering the U.S. by boat, and applied for asylum. The Trump administration now wants to deport him.

Every line of this by @willdunn.bsky.social is delightful:

The Addams Family (1991) is a Christmas movie but you’re not ready to hear that

A Reuters visual investigation shows China is developing concrete plans to invade Taiwan, a Taiwanese naval security expert said. The outcome of a Chinese attack could depend heavily on the response of the United States, the island’s most important ally reut.rs/4oJRPHe

If you use GMail, AI (Gemini) was turned on yesterday by default and now scans all of your content for machine learning. To turn off, go to Settings>General and scroll down. Uncheck the box for "Smart features." There's other "Smart" add-ons as well, but that's the one that reads your content.

NVDA up 3% after hours. The market is happy

*SENATE REACHES DEAL TO CLEAR HOUSE-PASSED EPSTEIN FILES BILL

Denmark is such a lovely country. Its people are so wonderful and kind. Thank you for giving us this moment. 🏴󠁧󠁢󠁳󠁣󠁴󠁿🇩🇰

For Kenny McLean open.spotify.com/track/1fDsrQ...

MON DIEU

‘Hampden Park has hosted seismic, spine-tingling occasions in a storied history dating back to 1903. Add this one to the list. Scotland’s long, long wait is over’

Don’t fight it

Summoning the Scottish Football Gods to do their mysterious work by transmitting the most sacred image

OH MY GOD

There should be a pop song about how it's too early to start singing Christmas songs in October

Spicy take: The best dollar debasement trade is to do nothing www.reuters.com/commentary/b...

Chatbots — LLMs — do not know facts and are not designed to be able to accurately answer factual questions. They are designed to find and mimic patterns of words, probabilistically. When they’re “right” it’s because correct things are often written down, so those patterns are frequent. That’s all.

Just made espresso in the microwave

Microsoft Copilot can't even provide basic tech support on *other Microsoft products* without hallucinating false advice. And yet I'm expected to believe that this slop machine is some enormous productivity boost for the global economy?

Stop this trolling @financialtimes.com

Lived in the United Arab Emirates the last time that Britain was officially over AMA

Personally if I were the CEO of Intel and had staked the company's future on a new chip, when the time came to give it a catchy name I might go with something other than "Panther Lake" www.theverge.com/report/79714... Especially now we have the tools to instantly visualise said water feature