For @phenomenalworld.bsky.social, I spoke with Sam Gindin about the auto industry in Canada

NEW: Iran is the seventh country to undergo US military intervention in the first 15 months of Trump’s presidency; 5 of 7 are rich in oil Oil War or not...the disruption will accelerate end of US hegemony @katemac.bsky.social & I @phenomenalworld.bsky.social www.phenomenalworld.org/analysis/war...

"Today, Toyota and Honda are the two top assemblers in Canada.  Last year Toyota alone actually assembled more vehicles than GM, Ford, and Chrysler combined." On the Canadian auto industry: Sam Gindin in conversation with PW editor Andrew Elrod. www.phenomenalworld.org/interviews/s...

"As the equivalent of the global South right next door, Mexico gives North American companies like GM, Ford, and Stellantis a way to respond to Asian competition." NEW from PW: Andrew Elrod talks with Sam Gindin about the Canadian auto industry www.phenomenalworld.org/interviews/s...

Artigo bem escrito e irretocável sobre a gestão de Haddad no ministério da fazenda, marcada pela reconstrução fiscal e tributária e o slogan “o pobre no orçamento e o rico pagando imposto”. www.phenomenalworld.org/pt-br/analis...

"Fernando Haddad deixa a Fazenda tendo cumprido o que para muitos, em 2022, parecia improvável: recolocou o pobre no orçamento e, pela primeira vez, colocou os super-ricos no imposto de renda" NOVO na PW: Rodrigo Toneto avalia a gestão econômica de Haddad www.phenomenalworld.org/pt-br/analis...

My new article on @phenomenalworld.bsky.social www.phenomenalworld.org/analysis/war...

In my new piece for @phenomenalworld.bsky.social, I examine Washington’s growing interest in a Venezuelan-style “regime management” approach and explain why Iran does not fit this model. (1/3) www.phenomenalworld.org/analysis/the...

“The decapitation of the Iranian leadership has not produced capitulation. It has consolidated power in the hands of a younger and more militant generation.” @eskandarsadeghi.bsky.social on Mojtaba Khamenei www.phenomenalworld.org/analysis/war...

Novo na PW: @nasserelamine.bsky.social analisa a entrada do Hezbollah no conflito EUA-Israel e Irã www.phenomenalworld.org/pt-br/analis...

Novo na PW: @yarbatman.bsky.social examina a simples arma iraniana que lançou a economia mundial em desordem: o drone kamikaze Shahed-136 www.phenomenalworld.org/pt-br/analis...

Novo na PW: @kayhanvaladbaygi.bsky.social explica como a estratégia estadunidense de "gerenciamento de regime" utilizada na Venezuela não se aplica ao caso do Irã www.phenomenalworld.org/pt-br/analis...

“The more the Trump administration tries to remake the Iranian power structure, the more cohesive it becomes. It’s regime-protective architecture designed to deflect this kind of threat.” @kayhanvaladbaygi.bsky.social on regime change fantasies in Iran www.phenomenalworld.org/analysis/the...

“Hezbollah’s actions since March 2 should be understood as a major, possibly even existential, gamble: a bid to reclaim territories occupied by Israel, and the party’s legacy following the 2024 defeat.” @nasserelamine.bsky.social on Israel, Iran, and Lebanon www.phenomenalworld.org/analysis/hez...

Fascinating piece in @phenomenalworld.bsky.social by @yarbatman.bsky.social on the actual production costs of the Shahed-136:

“Hezbollah’s actions since March 2 should be understood as a major, possibly even existential, gamble: a bid to reclaim territories occupied by Israel, and the party’s legacy following the 2024 defeat.” @nasserelamine.bsky.social on Israel, Iran, and Lebanon www.phenomenalworld.org/analysis/hez...

Cheap drones are "democratizing" massive destruction, revolutionizing war. Since modern life relies on vulnerable infrastructure, "mutually assured destruction" is universal now. Forget nukes. Anyone can smash other countries' access to energy & water. www.phenomenalworld.org/analysis/cos...

Good read on Iranian drones and their production. Drones Like Bicycles: www.phenomenalworld.org/analysis/cos...

The Shahed-136 is a cheap weapon. But it’s much cheaper than most reports suggest. In this new analysis, @yarbatman.bsky.social compares production costs in the US and Iran to come up with a better estimate for the cost of a Shahed: $7,000. www.phenomenalworld.org/analysis/cos...

“The US and Israel have tried to try to make the conduct of war too ‘expensive’ for Iran. As this war of choice engulfs the region and the global economy, it is imperative to understand how ‘cheap’ a war can now be.” @yarbatman.bsky.social on the Shahed-136 www.phenomenalworld.org/analysis/cos...

“…it’s very hard to observe China’s petroleum stocks because they don’t like to report them…The first rule about the strategic petroleum reserve in China is you don’t talk about strategic petroleum reserve…” - @alexbhturnbull.bsky.social www.phenomenalworld.org/interviews/o...

Can US maintain European & East Asian buy-in for an extended Iran War? The pain will multiply:energy, food,commodities,refugees, chips, AI.. Coalition mgmt during wartime is very hard because countries face unequal burdens & have their own domestic politics www.phenomenalworld.org/analysis/con...

“Sectors of Brazilian society previously uninterested in defense have begun to believe we need to acquire deterrence capability. Venezuela shows this is no simple task. But it is a necessary one.” Lula’s Chief Advisor Celso Amorim on the new world disorder www.phenomenalworld.org/interviews/a...

And at @phenomenalworld.bsky.social, Benjamin Fong looks at the increasingly complex logistics of Amazon’s same-day delivery expansion.

"As consequências ainda são difíceis de mensurar, mas é pouco plausível supor resultados de baixo custo, considerando as dimensões demográficas, históricas e políticas do Irã" Entrevista com Celso Amorim, ex-chanceler e conselheiro internacional de Lula www.phenomenalworld.org/pt-br/entrev...

It's Amazon's world. Benjamin Y. Fong continues his wonderful journey to reveal how we're just living in it. The latest at Phenomenal World: The Apotheosis of Point of Sale Data www.phenomenalworld.org/analysis/the...

This is focused on NY, but is broadly applicable. Best analysis of housing costs I have ever seen. Let’s make housing affordable. www.phenomenalworld.org/analysis/aft...

Over at @phenomenalworld.bsky.social, @lenorepalladino.bsky.social explains how private credit has become the unregulated industry at the heart of the American economy and how we might address this looming crisis.

Uma conversa com Rafael Ramírez, membro mais longevo do gabinete de Chávez e ex-presidente da PDVSA www.phenomenalworld.org/pt-br/entrev...

"Developing a general framework for regulating finance, holistically and structurally, which could be put to use when reformers have the necessary leverage, is no more utopian than what private markets themselves promise." Excellent piece by @lenorepalladino.bsky.social

Paulo Fontes wrote about Brazil during the 1970s for Phenomenal World: an era when the phrase "wage squeeze" became common among Brazilian workers, when strikes were outlawed and lockouts protected. www.phenomenalworld.org/analysis/a-c...

E-commerce expanded rapidly with the Covid-19 pandemic, but its retail market share growth has stalled in the years since. Amazon's bid to restart that forward march rests of a new network of same-day delivery centers—and gigified delivery drivers. www.phenomenalworld.org/analysis/the...

"When Covid-19 caused oil prices to plummet worldwide, it was Donald Trump himself who called on OPEC to cut oil production and protect prices. This alone confirms the importance of the organization." Former PVDSA president Rafael Ramirez speaks with PW. www.phenomenalworld.org/interviews/o...

"Someone still has to defend oil prices," says former PVDSA president Rafael Ramírez. Read the interview by PW editors Maya Aderath and Camilo Garzón (@emilnovis.bsky.social): www.phenomenalworld.org/interviews/o...

Interested in world’s largest far-right party? And future of democracy? Doesn’t get better than this @phenomenalworld.bsky.social Banaji's unsparing analysis of Indian capitalism after having talked to all the major family capitalists and bank regulators. www.phenomenalworld.org/analysis/fam...

super interesting breakdown of the alleged cost effectiveness of e-commerce v traditional retail from Phenomenal World today www.phenomenalworld.org/analysis/the...

Serendipitous to get this in my inbox following a long conversation with a friend that was in part about the importance of better understanding (comparative) costs in any picture of "the economy" ... www.phenomenalworld.org/analysis/the...

Walmart "has continued to do just fine, its revenue increasing by more than $30 billion every year for the past five years on average. Meanwhile, the e-commerce share of retail has hovered stubbornly around 16 percent after jumping significantly with the Covid-19 pandemic."

"what the politics of private finance teaches is the inadequacy of considering only what we can achieve in the short term, given the political constraints" www.phenomenalworld.org/analysis/fin...

This is definitely worth a read. The New Deal financial regulatory system is mostly holes at this point. Patching it won't help much. www.phenomenalworld.org/analysis/fin...

Brilliant article by @jwmason.bsky.social on the economics and politics of housing we can afford www.phenomenalworld.org/analysis/aft...

"Today, New York City’s rental market is defined by two colliding forces: tenants’ need for affordable rents, and landlords’ need to repay their creditors. Only public ownership offers an escape from the mounting pressure." Fantastic! @jwmason.bsky.social www.phenomenalworld.org/analysis/aft...

still pondering this piece. if you are interested in why rents (particularly in NYC) are so high, can't recommend it enough

I wrote about how unregulated finance is now just, well, finance for @phenomenalworld.bsky.social the center of gravity in finance has completely shifted & our mental models & policymaking approaches need to catch up www.phenomenalworld.org/analysis/fin...

The collapse of auto parts supplier First Brands last fall was a harbinger of a broader trend, as the financial press reports of "stress" in private markets. @lenorepalladino.bsky.social surveys the growth of unregulated finance: www.phenomenalworld.org/analysis/fin...

The $16.6 trillion in net assets held by private funds in 2025 were ultimately managed by just four thousand registered advisors. New from Lenore Palladino, on the unregulated finance at the heart of the American economy. www.phenomenalworld.org/analysis/fin...

thanks @adamtooze.bsky.social for the shout out in adamtooze.substack.com/p/top-links-... to this, which got lost in the holiday 2024 season www.phenomenalworld.org/analysis/a-t... @phenomenalworld.bsky.social

If you haven't read this fantastic piece by @jwmason.bsky.social on the complexities & the path forward for making housing affordable in NYC co-published by @nycpolicyforum.bsky.social & @phenomenalworld.bsky.social @phenomenalworld, really you should!! nycpolicyforum.substack.com/p/the-real-c...

superb piece. among other things a really useful look into how apartment investing actually works www.phenomenalworld.org/analysis/aft...

This is indeed broadly true of rent-stabilized landlords in NYC when they lobby against things like rent freezes or low proposed annual increases. “Rising costs” in general audience stories about this almost always describe those as, like, maintenance or wages. But it’s mostly debt-servicing.