In 2024, the US had a $38.8bn trade deficit in goods and a $29.7bn trade surplus in services Adding $70bn in *inbound* investment next year blows out the total deficit massively… and the whole point of these trade deals was ostensibly to cut trade deficits

So tariffs *are* inflationary now. www.bloomberg.com/news/article...

What a picture (via Big Boi)

it's also funny that none of those three things happened

How speculative tech stocks lost one-third of their value in the past month Answer: Quickly Other answers: sherwood.news/markets/unpa...

*John Prine voice* Pretty good / Not bad/ I can't complain / But actually, everything is just about the same

this is Sultan Bin Sulayem, the Emirati in charge of Dubai Port World, net worth around $8bn, asking Epstein if the President of the United States knows Joe “Joey No Socks” Cinque

yowza Landon Thomas Jr. scandal is so much worse than it seemed at the time (when it seemed VERY BAD)

JD Vance, Christian Scientist

Unfortunately, seeing a lot of people not abiding by terms od the legal disclaimer in Jeffrey Epstein’s email footer.

this reporter soliticed Epstein for a $30k donation in 2017, didn’t tell anyone at the paper, then interviewed Epstein, then told his boss about the donation, then got fired nypost.com/2019/08/23/n...

the American Consumer yearns to feel the thrill of hefty, useful coins

Kind of remarkable that in a private email to Jeffrey Epstein, Larry Summers managed to say things that are, on balance, equally offensive to things he has said in public

Dana Carvey-as-Tom Brokaw intones: “Evidence of the havoc trains can wreak on old suburban neighborhoods can be found in New York’s original suburb, Brooklyn Heights”

There’s a widespread, leftishly-coded take that young people’s gambling+meme stocks activity is a result of their fiscal precarity, that they “know the economy won’t work for them” It’s pretty much the opposite! this is a prosperous generation and gambling is a sign of their prosperity

I still have not processed what I just read.

Die Workwear, the German menswear magazine?

this is a fun dunk (a financial form I filled out once included “arms dealer” along with “cryptocurrency trader” as drop-down ouccupation options) but it really is just about the boring legal work banks do to comply with “know your customer” regulations than the financial salience of journalism

something small c conservative about a company focused on low cost goods being call the “Cost Company”

“What if Bill de Blasio’s popular policies and multi-racial political coalition had a charismatic, media-savvy leader?” is probably going to be a more accurate description of the Mamdani administration than what the DSA wants and the WSJ edit board feara

people start talking themselves into European soccer teams as good investment opportunities is never a good sign for the state of a business

If you want to use public money and land to economically revitalize an area, study after study shows the only thing worse than a stadium is a graveyard

A really unfortunate part of the government shutdown is that is has give the Commercial Aviation Guys a platform and attention

pre-writing a devastating obituary for your enemy is god-tier hating of a kind you don’t often see anymore. renaissance haterism. beautiful stuff.

Umatilla County: the real home of Tilamook Cheese and a ton of data centers

Be the lunacy you wish to see in the world: The insanity over the Starbucks “Bearista” cups tells you everything you need to know about the US economy and markets sherwood.news/markets/the-...

I like how the caption on this photo reads as if he's making a claim that could not be independently verified.

I assume a prominent VC firm will be hiring Sean Dunn immediately

The correct view of Paul Pelosi’s trading hobby is 1) it looked terrible 2) clearly didnt rely on inside info and he lost money doing it vs the market

“I am! Are you!?”

Staten Island:

a 24-word tweet from Bill Ackman? Mamdani is already delivering what everyone said was impossible

running as “the Democrat” on the Democratic Party line in NYC is, it turns out, a pretty good tactic in 2025

DDHQ — so goated, so underrated. Honestly I have no idea why so many outlets stick with the AP when this outfit has much better data & the ability to make faster calls

Even — especially — in moments of extremely high news volume, live cable news is a uniquely terrible way to communicate information

Rachel Maddow just said New York City “sometimes doesn’t feel like America” which… come on

Every Cold War spying case is like: UK: He was recruited to MI6 from Oxford, where he was founder and president of the Friends of Stalin chapter. He was assigned to the Moscow desk for 20 years. US: His 4th Bugatti that he paid for in cash on a civil servant's salary stated to arouse suspicion.

the perfect place to do a “day after the Mamdani-Cuomo-Sliwa mayoral election vox pop”

Andrew Cuomo’s day-before election day closing argument includes accepting an endorsement from Donald Trump and tweeting a video talking about how much he loves his 1996 white Ford Bronco while stressing “people say it’s the OJ Bronco but it’s not actually the OJ Bronco!” Can’t make this stuff up

Buddy Carlos Watson did. Now he’s in jail.

Rest now, brother. We have the watch. And I will see you in Valhalla. 🫡

it’s almost impossible to understand how good pro players are. Like, imagine how you could do this and not be ostracized — or worse — immediately

That’s my cue to plug for Matthew C Klein and The Overshoot. If you want actual macroeconomic analysis, he’s one of the best out there theovershoot.co

four of the five Louvre thieves are big Paris FC fans and they were identified and apprehended waiting in line for a match www.eurosport.fr/football/cam...

The Royal Family formally announces that they too are unable to find any photos of Prince Andrew not making an incredibly guilty-looking face

The extent to which the UK brain cannot comprehend the correct pronounciation of “Nike” boggles the mind

extremely potent way to alienate Park Slope parents www.nytimes.com/live/2025/10...