Imagine being told in 1987 that this headline would exist in 2025

Brazilian beef is tariffed at 76.4%

What's the best use of a saxophone in a rock song? I'll start. www.youtube.com/watch?v=AKiV...

Reminder that China wants to be a gold hub because it has absolutely no desire for the RMB to rival or replace the dollar as the dominant international reserve currency, since that would require it to reverse literally every one of its macroeconomic policies: bsky.app/profile/mcop...

Cambodia will be the first country to store gold reserves in China. www.businesstimes.com.sg/internationa...

There's never been a baseball game that did not involve my team that I've thought about the following day as much as that game last night.

Poor Toronto. Man.

I've had at least three heart attacks in the last 5 minutes.

I just can't with this WS right now!

Am I the only one who loves watching Ohtani pitch with dirt all over his uniform from running the bases?

Pro-China propaganda posts are especially prevalent recently, so here's a quick reminder that Russia's war machine would have collapsed long ago were it not for all the help Russia gets from China. Putin is just Beijing's stooge. It's really China that's waging war on Western Europe via Ukraine...

If you're in need of positive and rather wholesome news, there's a high school teacher named Bryan who took a ton of freely licensed celebrity headshots at the New York Film Festival last month for Wikipedia, and I truly can't believe how drastic the upgrade is for some articles (thread)

Russia's budget deficit will be even larger this year and could reach 3.5% of GDP. The recent budget correction assumes 42.8 trillion RUB expenditure, but Q4 would have to be historically frugal to achieve that target. After Q3, already 72% of the plan was spent. 66% is normal.

An absolutely brutal way to lose G6 for Toronto there.

Chinese goods are flooding global markets. There's countless examples. Congo is just an extreme one. This trade diversion shows how hard US tariffs have hit China. The way to exploit this vulnerability is to gradually ratchet up tariffs, not the current back and forth that makes the US look weak...

I worked a 6-7 into my grad seminar today so I consider it a successful semester

If you grew up as an NBA fan in the 90s like me, this is like putting on your favorite old pair of jeans. It just feels right.

Tried to watch a Wemby highlight on here and my computer crashed. That tracks.

lol

Well, we got legalized sports gambling. What we didn't get was better sport.

The NBA on NBC is back, check out the new intro with Roundball Rock

Trying to understand a trilateral currency swap is basically like trying to understand a triple interaction term.

How is my day going? Spilled coffee all over my pants during class this morning. That's how.

Much of the chatter at this week's IMF/WB meetings was about the crazy rise in gold prices. Most people are coming away from these meetings with a perception that the US economy is better than they thought. That may end the gold rally, at least for now... robinjbrooks.substack.com/p/is-this-th...

ALCS games should never be aired on FS1

The claim that certain central banks started hoarding gold only after Russian assets were blocked (yellow line in figures) is often made, but inaccurate. The big buyers were active for years before 2022. CBs have been net buyers for almost two decades. This is a long-term development.

This was great, and worth your time. www.piie.com/events/2025/...

Money supply shock just dropped

I think it's weird there are now so many documentaries about athletes/teams that are still playing It used to be the case that there was typically some historical distance before something like this was produced It's hard not to just view these things as commercials, rather than documentaries

you guys. my kids are gonna be so jacked.

S. Erdem Aytaç, David Steinberg and I have a new experimental study out now in @bjpols.bsky.social exploring the impact of inflation on support for Kamala Harris in the 2024 election. TL;DR: price increases hurt Harris' popularity, especially among Ds and Is, and in regions hit hardest by inflation.

This was jaw dropping in the moment, and still is this morning.

Wait what.

Really proud of this article, and happy to have it placed in @ejir.bsky.social.

When Alex Vesia takes the mound.

UST when the peso is crashing

Today, a Republican administration has reactivated the Exchange Stabilization Fund as a bailout fund on behalf of Argentina to a tune of $20 bn. 30 years ago, it was a Republican-led Congress that acted to restrict the president's ability to use the ESF for this very purpose. 1/

Party like it's 1984! & 1985, 1987, 1989, & 1995! (If you don't get the joke: these are previous years when the US used the Treasury's Exchange Stabilization Fund to bailout Argentina)

Everyone who studies research methods just had an aneurysm

An interesting story abt the ways in which China's gold hoard may be a counterweight to USD dominance. Hot takes: 1. insurance against sanctions? Sure. 2. more gold in China makes yuan more appealing? Hm, I dunno. 3. China as gold custodian? I'm listening. www.bloomberg.com/news/feature...

We're covering the basics of financial sanctions in my class today.

Central bank gold purchases driving up the metal's price, but what good is bullion these days? A paper I wrote in 2023 explores how Russian gold reserves helped the Kremlin weather the first wave of financial sanctions in 2022. Link: drive.google.com/file/d/1FXdm...

"The latest figures show that the value of U.S. Treasuries held at the New York Fed on behalf of foreign central banks is $2.78 trillion. That's the lowest since August 2012, and down $130 billion in just two months." Story: www.reuters.com/markets/us/g...

Putin turns 73 on October 7. He was 46 when he first became Prime Minister in August 1999. Since that time he has been either Prime Minister or President for more than 26 years, more than 1/3 of his life. In 2004, he said "one could go crazy" working as president for 7 years.

New blog! The Disunited States: Threats of Secession in Red and Blue America and Why They Won’t Work Read @ryan-griffiths.bsky.social on what a project of American secession would look like, and why America is ill-suited for a peaceful 'national divorce' Read more: edin.ac/46Tl0jy

I wrote an op-ed about the dangers of a second American civil war. Commentary: How might future historians explain the events that led to a second civil war? www.timesunion.com/opinion/arti...

We had a rousing conversation about the future of the dollar, the euro, and more at the @atlanticcouncil.bsky.social Transatlantic Forum on GeoEconomics in Brussels earlier this week. Thanks to Josh Lipsky for leading us. Watch the full panel here: www.youtube.com/watch?v=6k6w...

"In the great global currency debate, market forces have never been more passé and political forces have never been so prominent," writes @danielmcdowell.bsky.social. https://www.atlanticcouncil.org/in-depth-research-reports/issue-brief/how-to-dismantle-a-reserve-currency/

My baseball team won. Yay!

@mcopelov.bsky.social dawg www.netflix.com/tudum/articl...