Curious about the Federal Reserve Reno plans? www.ncpc.gov/projects/8113/ The water feature that Trump is SOOOO concerned with 👇🏻 Flower beds? The non-existent Roof-top Garden? There are detailed photos and sketches of everything.

Not once did they say "tax". FoxNews is responsible for the dumbing down of America. Not a single one could have passed my Freshman Econ class. *They just repeat the lies with a smile on their lips.

I know this might get me in trouble... You have to watch the Trump PSA from South Park!!! *it's about halfway in, but you need the buildup for context.

Epstein lunchtime thought- Your 16-yr old daughter disappears for days at a time, and you don't ask many questions? "How'd you get money/clothes/whatever?" Feels like a question I'd be asking the victim's parents...

Lumber as of 9 a.m. EDT. Add in 9% passthrough due to Tariffs on Canadian products. 25% on the stuff coming from Baltic region. Mills in Pacific NW are running at reduced capacity for maintenance. Housing affordability becomes harder when the Gov. places barriers to pricing.

The messaging creep on the Epstein files is getting worrisome. Hearing Neera Tanden throwing Merrick Garland under the bus is deeply concerning. Blaming pendulum swing policies between Trump 45 and Biden as a culprit? Now we wait and wonder who has something additional to spew?

Pop Culture to a hit this week... Ozzy Malcolm Now Hulk Growing up in the 70's-80's, these guys were everywhere.

Today's hero... She knew exactly how to reach his weakness by showing her strengths.

Just a reminder that the House of Representatives takes 160 days for recess. That's 147 days they are in session!? Please, tell me more about waste, fraud and abuse.

Such a great singer... Ozzy is coming home...

The Chair of the Federal Reserve has a 4-year term to increase the dialogue between it and Congress. 2x a year testimony before each chamber. And because over on the "Dumb Place" they think Powell makes $Millions... $250K, an SES2 pay scale for the GS aware!

@elerianm.bsky.social is unfortunately drinking the Cool-Aid. Continued promotion of the idea Jay Powell or the Federal Reserve should be party to any political influence is foundationally incorrect. Bessant, Trump, Liz Warren... none should be "insisting" on policy.

Revenue from the Federal Estate/Gift Tax was $34B in 2023. Retirement funds and Homes make up the majority of assets. Homes, post-tax dollars. Retirement varies by composition of asset. My point is these types of taxes can lower generational wealth being transferred or destroyed.

It was really disheartening to listen to a @marketplace.org podcast, "Financially Inclined", that undermined the expertise of Ph.D. holders. Not a specific person, but saying that only those who have attended Medical School deserve the title Dr.? Odd statement. May rethink my next donation.

Rep. Anna Paulina Luna can go F*ck herself with whatever rusty implement is close by!

Lessons from Karate Kid Legends? Women are set pieces with no agency. They only make "bad decisions". (Must be saved by "hero", even Mom!) The "Bad Boy" has no adult telling him he doesn't own women. #ToxicMasculinity gets re-enforced by these stupid tropes.

Well Donald... This is the point Economists will say begins the full effect of your economic choices. It's now all you, not Biden, not Obama(?). Can't hide from your choices...

Sunday Data Point - #Medicare Payments Calculating the payments back to States from the Federal doesn't include Medicare. 2023 data shows CA outpacing receipt of payments by $10's of Billions over other States. For those arguing CA net-payer status? It's not quite what people argue.

This 👇🏻 is why checking your sources for data is important. While the headline numbers are accurate, the current Administration is opting to hide methodology to create a narrative. *Those worried about Government Reports? It's still good data, but the "news releases" are the questionable stuff!!

Epstein "Client List" Thought - I know my former boss's name is in Epstein's phone book, like many who could pull some string. Those individuals, the ones who donated money to a legitimate cause 25 years ago, shouldn't be dragged for things they didn't know. Seek justice, just be careful.

Stephen Colbert is a nice guy, let's start there. But at $15M and the kind of numbers late night shows pull in, this is a dying medium. Podcasts draw a large number of the same guests and in a more timely fashion. (unless pushing movie/show) NBC/ABC are going to watch this closely.

Fed Gov. Chris Waller assumes a perfect distribution of Tariff split - 1/3 Manufacturer, 1/3 Importer, 1/3 End Customer being a 1 time increase. In a lab or book, absolutely correct... but It ignores competitive advantages and imperfect pass-through, where not all are equal. 1/2👇🏻

Seriously Comcast? Even with TVs using the streaming app (it's slow garbage that lacks functionality), the bill is getting abusive. *Don't care about local sports, but for "reasons" I'm stuck paying for them.

OK, what are people buying? Is the higher income cohort carrying the economy? Unemployment is steady at 4.1%. All the data supports NO cut in Fed Funds Rate in July.

I'm disappointed in society today... at least portions of society.

I only know @jessicabriedl.bsky.social through her writings. They're well-researched and her conclusions backed by data. Reading her recent experiences with "people" attacking her, simply for being #trans, is upsetting. As it is when read about others... It shouldn't be this way.

Core CPI is up 2.9% Y/Y. Airline and Hotel pricing is falling, lower demand. There has been some normalization of pricing since Covid. Overall volume of retail sales is lowering. Consumption down alongside price creep. The tariff inflation still isn't in the data, by September?

👇🏻This lacks a basic understanding of how campaigns work. The issue needs to be limiting the calendar days, ad spend and maybe not piss away money on 2000 consultants? It's an industry in and of itself with no benefit. If they weren't campaigning, then they'd have to do their jobs!

Fiscal Dominance - Federal Reserve versus Government in a game of Chicken. Central Bank can't respond in a way Trump wants. Trump can't stop increasing Federal Deficit. As they said in Highlander "There can be only One!" Rates will need to stay high until inflation effects of tariffs show in data.

RFKJr. is not the brightest bulb but these measles outbreaks are lagging indicators of a longer-term problem. States created cut-outs for religious exemptions, etc. with no regard for public health. Maybe Chuck could concentrate on Shutdown concerns instead?

I say let him try... It's a blatant Constitutional violation and I would be interested in how some in Congress defend it. Supreme Court ruled on these types of maneuvers decades ago... can't hide behind them!

Regressive Taxes are fun to study and mapping the nature of how the current Administration has constructed them. Because Tariffs are, by definition, a consumption tax. I'll be curious to see how state Sales Tax are affected by changing consumption. Eventually something breaks...

Reading through the "Comment Section" of another poorly sourced hit piece on Jay Powell via @nypost.com People's opinion range from wildly stupid to complete ignorance. But that's how we got the Admin we current suffer through!

HOA Story- Springtime Clipboard Brigade sent me a letter about a bent gutter hit by a tree. (It was March and I hadn't scheduled the person yet.) My wife today sees response to my notification to HOA about my pending Goat Purchase (backyard fenced). She's concerned I may actually order a goat 😁

You go into a disaster area and the couture choice is Green Keds? (Add in the flipped semi for background.) Melania... a pair of boots, steel tipped boots. The total lack of empathy is bothersome. Get some mud on your shoes. *From a distance how do you differentiate blondes in faux BDUs?

27 overdoses in a single block in a single day? #addiction is an illness and someone thought they would take advantage of it by offering "product" that was obviously tainted.

Trump needs Powell out of office to make the math of OBBA work long-term. The amount of pushback renovations at the Fed at getting (seriously, normal price escalation over 7 years?) shows the path they've chosen. 👇🏻Is how you "create" misconduct or gross incompetence.

Today's Class Topic - Why people cling to an idea even in the face of a negative outcome. Sunk Cost Fallacy, it's just a term for doubling down on a plan of action because you can't let go. Unless faced with a cost or benefit, people plow forward w/ irrational choices. #teaching

#MechaHitler spewing Nazi Punk while targeting POC, LGTBQ+, or bicyclists... What could possibly go wrong?

My strange Basket of Goods tracks not only food I eat but some weirdly specific items. This particular #synth has been out of stock for 3 months running Any guesses? #Tariffs It's a small, local dealer and rather than assume the tax, they've decided to just forgo the sale

Saw this Meme and can't help but point out... He'd charge them for the services. Not a dime is coming from him unless it's to buy a new plane. *Was in Houston after Harvey in 2017, only church I saw closed and not answering the door.

Wealth is Citizenship agnostic. Europe has seen outflows that will eventually require the lessening of public support programs. U.S. growth will simply be a put on Trump policies. Iran/Nigeria interest me, so much corruption that we're just laundering their grift.

As we suffer through another Amazon holiday, a gentle reminder. 3rd party vendors and small businesses can't participate without taking an absolute loss due to... #Tariffs... that's right folks, another example of how businesses that drive our economy suffer when they can't participate.

This "book" was delivered to my office by the DNC? The note attached mentioned the advice I'd had given about changing an aspect of their Economic Messaging. This is just Tuesday afternoon finger pointing because they are on track to screw up their messaging yet again.

I'm very curious by what mechanism Trump thinks he can assume control of D.C. or N.Y.C.? Posse Comitatus is very clear about not deploying military. But we know he'll just invoke The Insurrection Act anyway...

Still reading but... If States used Federal Funds (ARPA/CARES Act) to replenish Unemployment expenditures in excess of revenue, there's a tipping point where another Black Swan potentially shutters basic services. CA really needs to reexamine their tax base. #econsky

Butterfly Effect Pt. 2 - In 2013 Apple made a bid of $25B for Tesla, with the caveat that Musk was to leave company. Obviously, Musk's ego couldn't allow that. Would Apple's design teams have let the #Cybertruck out in the wild? Model 3? Y? Musk would have considerably less $ Just a thought...

Started this 👇🏻over the weekend. I'm convinced the author is taking pot-shots at the current President and I couldn't stop laughing. *How many changes to the draft-copy were made before publication (7/2) is now my guessing-game! #booksky

It's called #Gametheory, dummy. Check your spelling before posting!

Today in Differential Equations - Lorenz Systems. Economist use it to measure inequality (1st pic). Most people know The Butterfly Effect, when small changes can result in large differences in outcomes. Chaos gets introduced by HOW those changes grow from the same initial conditions. #gamethoery