I was off social media for almost a week and yet nothing in the world has changed at all, for better or worse. Strange.

I saw this referred to as the Strait of Warm Ooze. Very good.

Harker is right (in the WSJ piece linked). This sort of event would not ordinarily be allowed by ethics officers in the Federal Reserve System—especially during the blackout. At a minimum, it’s bad judgement

The 97 market participants in our Shadow Survey do not agree w/ incoming Chair Warsh's (& Bessent's) argument that the Fed has lost credibility and is in need or reform/regime change...should make for an interesting relationship b/w the new Chair & markets @laurarosner.bsky.social

Reminds me of this abstract for an academic paper.

"Your doner is so awful, you better feed it to the cats." A 1* Google review for a doner place in Berlin. Their reaction is phenomenal. 😁

Colin Inman, the @financialtimes.com writing style guru, has sadly died. Here is our obituary (gift link, 300 clicks) - & a page from the introduction to the FT Style Guide which he wrote. (No this post has not been approved by the FT style council, errors mine). as.ft.com/r/a1b1b5ca-2...

I agree with this. Especially at the beginning of file names, so it alphabetizes properly

Our old, dear friends each Saturday morning.

Some people say we don’t build beautiful things anymore and, like, lol. Motherfuckers, we built this:

Men are consistently much more positive about nuclear energy than women Support use of nuclear power? Men: +58 net support Women: -12 Is nuclear power safe? Men: +36 net safe Women: -22 Should UK get more energy from nuclear? Men: +47 net more Women: -17 yougov.com/en-gb/articl...

Percentage of adults with a Ph.D.

John was a wonderfully positive influence on so many of us. We will all miss him.

A really nice in memory of John Leahy by Mark Gertler at NBER Macro, at the 4:17 mark here m.youtube.com/watch?v=HkTD...

Choose wisely. www.ft.com/content/dddf...

Had to doublecheck the date on this

Now I want to know which CNN reporter or producer doesn't know the word "sycophant."

I am not wild about all the tile and marble flooring. I don’t think our cats will like that. And it will be cold under foot getting in and out of the master bed

All the books I ordered last week just arrived! Can't wait to pour myself a drink, relax, be too tired to read and play around on my phone all night

Gulp. I fear this describes me.

The Dallas Fed survey basically just rains fire at this point. 🔥

"Vote for the guy who would help me take over your country" is an incredible closing message

Remarkable how Trump dealt himself the worst possible hand to negotiate w/ China. 1st card: Enacted tariffs that threaten to tank the economy 2nd: Backs China into a corner. 3rd: Makes fed incapable of responding 4th: Tanks markets, bonds and the dollar 5th: no end game, no plan

Very proud that my wife, Martina, has been appointed to be Director of the ESRI. My father, Chris, worked at the ESRI for almost all his career. He passed away in 2022 but I know he would have been incredibly proud as would my mother, Yvonne, who we lost in January. www.rte.ie/news/busines...

Agreed. Ted Truman, the author, was my old boss. He ran the International Finance Division at the Federal Reserve Board for a couple of decades.

Biblical scholars now believe that if Jesus had covered up his gang tattoos, he might’ve avoided crucifixion.

Counterpoint: how many original games are out there? Scrabble. soccer, go. Maybe chess. Maybe the game of chicken

god, who'd be a central banker, honestly? "66% of Democratic-leaning participants believed the Fed favoured Republicans. "60% of Republican-leaning participants thought the Fed favoured Democrats."

The first official sign that Trump is already slowing the global economy: OECD has just downgraded both the US and global growth forecasts - and raised its inflation forecasts - for 2025 and 2026. Org primarily blames rising uncertainty and trade wars. www.oecd.org/en/publicati...

DOGE/SSA marked this person dead and *removed his savings from his bank account,* cancelled his social security and Medicare. #seattle https://www.seattletimes.com/seattle-news/politics/heres-a-dead-person-on-social-security-in-seattle-with-plenty-to-say/

He’s also a former hockey player. He was a goalie, so used to deflecting slapshots

Vom CEPR - EABCN Euro Area Business Cycle Dating Committee: “When examining business cycle trends across European countries, Germany, the region's largest economy, continues to underperform, while Spain stands out as the main driver of steady growth within the euro area.”

Also email…

It’s scary that the payment system itself is under attack

Money is a symptom of the woke mind virus.

The Federal Government wastes $2 trillion a year on paper straws. Though seriously, it’s hard to read the memorandum without laughing. Or crying.

Un petit Américain de 4 ans a appelé la police la semaine dernière pour dénoncer sa mère, qui venait de commettre l’impardonnable selon lui. ➡️ https://l.leparisien.fr/T6oG

The institutions of the American economy depend on the institutions of American democracy; rule of law, consistent regulation, stability, and all the rest. That’s what’s being destroyed and that’s what risks the *entire economy. Saying that out loud shouldn’t (and can’t) be a risk

Rubio's gutting of USAID is illegal and unconstitutional. There is no form of democracy anywhere of any kind that would allow the executive branch to unilaterally cancel budgets and programs passed by the legislative branch and signed into law. It's utter lawlessness.

From AEI: “Despite Trump’s aggressive resort to tariffs, our trade deficit will widen under his watch as it did in his first term. It will do so because tariffs are being accompanied by a far-reaching program of tax cuts that will increase the budget deficit and…reduce our country’s savings level”