*POD* me + @robarmstrong.bsky.social but also, crucially, @mshannahmurphy.bsky.social at Very Early O'Clock in SanFran, on the social media lawsuits, featuring: - throwing the book at Zuck - weird witch coffee - shameless self-promotion by Rob (shocking, I know) - ANTM www.ft.com/content/5a73...

Hegseth doubled down on this megataco, saying that the strait is other countries' problem. Could just be the usual BS, but still mind boggling.

I have said, repeatedly, that in war Trump will not be able to Taco. This headline suggests I could be wrong. Holy crow.

woah

Rob writes a newsletter about markets in an economic superpower, I write a newsletter about politics in a country entering its third lost decade, hence my more maudlin disposition.

29 March 1933 | Polish Jewish boy, Serge Radzyner, was born in Warsaw. He emigrated to France. He was deported to #Auschwitz from #Drancy on 14 September 1942. He was murdered in a gas chamber after the arrival selection.

POD! me and @iankmsmith.ft.com on the bad times in UK and European bonds, including: -why it's easy but also a bit silly to blame hedge funds -why you need to care even if you think bonds are boring -Harry Potter -boy kibble open.spotify.com/episode/1BT7...

POD O CLOCK me and @robarmstrong.bsky.social , both a bit sniffly to be honest, on: -why do investors listen to the president? -nobody knows anything -although some oil traders got hella lucky? -Short kings -British compliments open.spotify.com/episode/3aUJ...

I thought @robarmstrong.bsky.social was using his serious voice when I heard him on the FT News Briefing this morning, turns out he just has a cold As does @katie0martin.ft.com Get well soon both! Great listen today on irrational kings, rational markets and rash trades

"Just two weeks ago, the president declared the war with Iran to be “very complete, pretty much”" ... and every syllable out of the president’s mouth turned out to be nonsense" by TACO-meister @robarmstrong.bsky.social www.ft.com/content/16c1...

Where we are at with markets and Trump - from the latest Unhedged from @robarmstrong.bsky.social and @katie0martin.ft.com as.ft.com/r/53bc8677-7...

Blue and White http://www.moma.org/collection/works/109763

Come for for the oil, stay for the snot

genuinely starting to think this should be in the school curriculum as.ft.com/r/b006ca08-9...

POD O CLOCK me and @robarmstrong.bsky.social on Iran and markets and all that jazz, featuring -bad vibes 😢 -a "big but" 🤔 -quarterly reporting 🤓 -Introspection 😆 open.spotify.com/episode/7cBG...

My piece on the Florsheim affair: "In principle, the president hates globalisation. In practice, just like the rest of us, he wants a nice affordable pair of shoes. For his subordinates to wear. In the wrong size." as.ft.com/r/52057923-5...

I mean, this will never work. Why don't the networks tell the clown to go pound sand? Are they so spineless?

15 March 1938 | A Dutch Jew, Leo Samuel Drukker, was born in Amsterdam. He arrived at #Auschwitz on 5 March 1944 in a transport of 732 Jews from Westerbork. He was among the 477 people murdered after selection in a gas chamber together with his mother Mietje and father Joseph.

POD O CLOCK how worried do we need to be about private credit? I discuss with @robarmstrong.bsky.social and @antoinegara.bsky.social Featuring: -normal people 😊 -bad headlines 📰 -v cross private credit people 😡 -iNnOvAtIoN 🤪 -Slava Ukraini 🇺🇦 open.spotify.com/episode/7tZv...

Visa & Bank of America highlight resilience of US consumer in face of everything thrown at them. While #$V disputes K-shape, citing decent spend even at low end, both #$V & #$BAC see solid credit quality across income cohorts. #$MA #$AXP #$XLF #$XLY #$WMT #$TJX #$AMZN #$DG

I asked President Trump about the FBI reportedly seizing election records in Arizona. He said they must have done that because it was a “rigged” election. I pointed out to him that his own AG said there was not measurable voter fraud to overturn that election. Then he called me a rotten reporter.

12 March 1886 | French Jew of Polish origin, Paul Solinski, was born. He was deported to #Auschwitz from #Compiegne on 27 March 1942 in the first transport of Jews from occupied France to Auschwitz. No. 28397 He perished in the camp on 12 April 1942.

ARMSTRONG: “.. It is, of course, utterly unclear whether the president’s comments have anything to do with a change in balance of the war on the ground.” @robarmstrong.bsky.social www.ft.com/content/4629...

as.ft.com/r/08358903-1... The thing that everyone expected to happen has happened @robarmstrong.bsky.social

You can say it, but I'm not going to say it.

POD O'CLOCK God knows there's enough to worry about, but please find space in your head to also worry about stablecoins. @robarmstrong.bsky.social and I chatted to brainbox @bhgreeley.bsky.social to explain why www.ft.com/content/f9c8...

As George Orwell once said, ‘Kristi Noem makey uppy stuff’

[Exit Murderer.]

"The day the UBS Global Investment Returns Yearbook appears is something like Christmas Day for sad markets nerds." - @robarmstrong.bsky.social here on some of its findings this year. One ignore geopolitics

The efficent markets hypotheisis applies to clothes: as.ft.com/r/4a16efa4-b...

We done a pod innit Me + @robarmstrong.bsky.social + FT oil nerd @jamiesmythft.bsky.social on The Obvious featuring: -oil 📈 -Gas 🚀 -anyone fancy piloting a ship through the Strait of Hormuz? Anyone? 🚢 -markets 🤮 -sausage rolls 🥧 -2026 is going *just great* 👍🏻 open.spotify.com/episode/3h5w...

Chart of the Week: Nvidia’s sales rocket while its shares flatline—There is no sign that data centre spending, and therefore sales of Nvidia’s GPU chips, is slowing down any time soon. But the longer-term future… www.ft.com/content/45c1... @robarmstrong.bsky.social @financialtimes.com

futures market says this whole thing is wrapped up lunchtime tonorrow

I miss Todd Snider

👂🏻 POD TIME 👂🏻 me, @robarmstrong.bsky.social & special guest @alanbeattie.bsky.social on what is going on with tariffs after the big 👎🏻 from the Supreme Court, featuring -new tariffs? How? 🤷🏻‍♀️ -refunds FTW 💰 -the friends you lose along the way 😢 -HALO = new TACO 😇 open.spotify.com/episode/2BLa...

A viral research note on AI gets its economics wrong economist.com/finance-and-...

25 February 1932 | A French Jew, Henri Dresner, was born. He arrived at #Auschwitz on 9 August 1942 in a transport of 1,069 Jews deported from Pithiviers and Beaune-la-Rolande. He was among 794 people murdered in a gas chamber after selection.

👂🏻 POD TIME 👂🏻 me and @robarmstrong.bsky.social on -AI doom or AI boom? -Scaredy-cat flip-flop stocks Plus: -subterfuge! -Seals! -Shrinkflation! open.spotify.com/episode/2DLP...

- @robarmstrong.bsky.social put it well this morning in a note on Citrini www.ft.com/content/8a09...

There is a fake me on this platform (robarrmstrong.bsky.social) All it seems to do is retweet me If this is the start of a horror movie someone please let me know

I welcome this new regime of disciplining economists who do demostrably terrible work

"The Apostle" was a great movie

Whatever you may have read in the LAMESTREAM media, inflation DID NOT cool in January. Thank you for your attention to this matter!

Unhedged chart of the week: the very vertical Beveridge curve -- can it last? @hakyungkim.bsky.social Sign up here: www.ft.com/newsletter-s...

The biggest story in stock markets in the past 15 or 20 yrs has been “software eating the world...It strikes me as possible that the biggest market story in the next 15 or 20 yrs will be “software eating itself” - @robarmstrong.bsky.social here on the big market sell off www.ft.com/content/d5fb...

‘What is driving the improvement in cyclical-sector employment? Construction added 30,000 jobs in January and has been in positive territory in three of the past four months.’ www.ft.com/content/22c4... by @robarmstrong.bsky.social

Bitcoin trading right around 66666 today and still you nitwits won't take the hint

If you look at private employment only, and exclude health care, you can see how un-dynamic the job market has been since mid-2024. But you can also see a clear upward trend since October.