GDP by Industry data just came in—largest positive contributors were finance (mostly stocks & investment), information (mostly software), & nondurable manufacturing (chemicals & pharma) Retailers were the largest negative contributor, followed by the Federal government amid DOGE

They truly are the Softest Boys and Girls. Everybody is 10 feet tall and bulletproof until the escalator stops working and then there needs to be an investigation and arrests

This is the perfect encapsulation of Trumpism -- because of its obsession with imagery, the White House crew caused a problem but blamed it on other people, leading to MAGA making threats against the United Nations for their own screw up

This is how it begins, with indirect insinuations and fake-humble pleas of uncertainty, as if online conspiracy theories, cranks and grifters carry equal weight to the overwhelming body of scientific evidence and medical expert opinion. Then they get into power and start shredding the health service

Whatever else you think of him, I don't think he is insincere about this stuff, and it should be recognized as extraordinary that he, Pritzker, and other governors are talking about the federal government in these terms. It's not normal political rhetoric, it's the language of existential emergency.

The Trump ethos is very much ”foreigners suck, go USA,“ so proTrump people will cheer any sneering at or insulting of foreigners, whether they are allies or not, because they have such a juvenile concept of the world.

Don't think I've ever felt this embarrassed to be an American. There's shame and anger too. But mostly embarrassment. We're the laughingstock of the developed world. And we should be.

A statement from Tylenol

(cues up Lee Greenwood) 🎶Aaaaaand I'm Proud to be an American.....

To all the Rapture Enthusiasts out there, I am once again offering my custodial services for any cash holdings, and am priced very fairly at a mere 50bps management fee in the event you do not make the cut... Will also consider any late model Porsche GT3s in lieu of your divine saving.

Reminder that in the Trump immunity ruling, the Supreme Court ruled specifically that the president has total immunity when it comes to his communications with Justice Department officials:

For my friends, everything; for my enemies, the law

The Founding Father anticipated a man of poor character potentially holing the Executive office and codified the powers to remove him. What they DIDN’T anticipate was such a supine Congress, totally cowed and devoid of integrity.

It strikes me that quite a lot of people knew for the last year that the guy running our horrific deportation squads took a bag with $50k in cash from undercover FBI agents investigating corruption, and it didn’t get out until now.

Colbert resurrected his character from "The Colbert Report" and it's glorious www.youtube.com/watch?v=ATxL...

Not aging well here, Pammy….

1 Yr Ago: A bit over the top but ok we get it… 1 Yr from Tomorrow: Is something wrong? You barely touched your Trumpflakes…

There is no world in which it is normal for the president to publicly call upon his attorney general to hurry up and prosecute his political foes. It’s like the Watergate tapes but posted on social media. Let’s get a grip on what’s happening here.

How are we letting the worst and most incompetent man be the end of 250 years of US Democracy? Please someone make it make sense.

Dear American citizens, whatever you wish more German citizens would have done in 1933, do that now.

Yeah that pretty much sums it up.

It would be good if the US had a president who respected the US Constitution and the rule of law & did not lie all the time.

Lemme spell it out. Trump's only leverage over Jimmy Kimmel and ABC came from FCC regulation. His direct power over H1-B visas gives him similar leverage over tech, higher ed, and others.

Remember the Stewart/Colbert “Rally to Restore Sanity”? Similar idea, but just a cavalcade of comedians roasting Trump in front of thousands on the Nat’l Mall in DC for hours on end. Bring your best Epstein jokes and signs…. Can we make this happen?

Firms constrained by H-1B visa limits respond with more acquisitions—especially small, job-related, domestic deals—substituting talent with transactions, from Jens Friedmann, Britta Glennon, and Exequiel Hernandez https://www.nber.org/papers/w34248

Former BLS Commissioner and current Friends of BLS co-chair ⬇️

This is worth your time haha youtu.be/7vRX-BQAjeE

I did not know that Dumbfuck Tech even had an Econ program, let alone that Miran was its Valedictorian....

"when it's a demand shock, you get one good thing and one bad thing. When it's a supply shock, it's the two bad things. And so the fact that inflation's rising at the same time as unemployment is rising tells us it's the supply side of the economy. Tariffs are exactly that."

"In his very first [Fed] meeting, without enough time to have been properly briefed, he alone dissented from everyone else. That's a statement. It's a signal. What's the signal? Look, I don't know, but I do know if you wanted to signal, I am the White House's boy, this is the signal you'd send."

Any Senate Democrat who voted for this egregious alteration of history is a disgrace.

Friendly Reminder: You can re-write bad policy. You can't un-fuck the damage done to constitutional & governmental norms.

Things I Wish I Could Buy Stock In, Vol. 482:

President Donald J. Talc, President of the United Softs

honestly, kudos to him for this

Indeed. What they, and the Founders, could simply not imagine, is the absolute & total cowardice of everyone who swore oaths on bibles & now occupies positions of power under Article I of the constitution.

Any softer and his last name would be Talc...

Right-wing Sinclair Broadcasting owns all these local media stations and many others all across America. This is not journalism, it is scripted propaganda.

For no reason whatsoever: "If conservatives become convinced that they can not win democratically, they will not abandon conservatism. They will reject democracy" - David Frum

“It’s gonna be so, SO much worse than you can even possibly f’ing imagine” gets redefined every goddamned day.

Comedy is legal again, which is why we have used the power of the federal government to coerce major broadcasters into canceling the shows of comedians we don’t like.

Not really an overstatement to say that the test of a free society is whether or not comedians can make fun of the country's leader on TV without repurcussions.

The remarks weren’t “about Charlie Kirk,” they were about how this administration is using Kirk’s death as an excuse to shut down critics … and they responded by proving him completely correct.

FOMC -> Job gains have slowed & the unemployment rate has edged up. -> Inflation has moved up and remains somewhat elevated. So if you're baking a Stagflation cake...

Kash Patel deflecting harder than Maradona in '86

We spend endless airtime on 25 vs 50 bps. The macro data barely notice. What matters is being in the right ballpark. The important risk isn’t a small miss—it’s a politicized Fed making catastrophic mistakes. Guard the institution; argue less about the last quarter point.

Horst Wessel Fest is gonna be lit