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No US balance of payments crisis implies tariffs imposed under section 122 of the 1974 trade act will need to be rolled back too. #Econ #EconSky realeconomy.rsmus.com/are-the-new-...

The Supreme Court:

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President Ulysses S Grant to direct War Department to buy whale oil to revive industry

Air pollution from burning fossil fuels causes 100,000 to 200,000 avoidable American deaths per year. At the EPA's statistical value of life of $10 million, these deaths cost America $1 to $2 trillion per year, every year. These costs far outweigh the costs of transitioning off of fossil fuels.

It’s not illegal to dine with Jeffrey Dahmer. (I chewed the entree, but didn’t swallow.) There’s nothing untoward about getting tax advice from Al Capone. You can’t charge a person for being a pen pal of Ted Kaczynski. There’s nothing illegal about trying on boots with Benito Mussolini.

Next time someone asks you about energy and land use, maybe remind them that the ~35 million acres that currently grow corn for ethanol in the US could produce ~15 PWh per year of electricity from solar photovoltaics. That's ~3.5 times more than *total annual generation from all US power plants*.

Was inspired to write this today:

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Aren’t you a little short for a stormtrooper?

There is no pre-Trump world to which we can return. That has all been washed away. And there is no near future that is not defined by him and the cataclysm of his rule. My latest for @liberalcurrents.com www.liberalcurrents.com/after-trump-...

🥁 India Is Electrifying Faster Than China 🥁 Read our story on @ember-energy.org's analysis. Gift link: www.bloomberg.com/news/article...

Oopsies

Trump making history (not the kind to be proud of)

Swedish pension fund Alecta has sold 80-90% of its ~$11bn UST position since the start of the year.

Glad to see at least one leader of a democracy taking off the rose colored glasses and rationally assessing the new world order Hopefully many more will get there soon

This is one hell of a quote. European leaders really are running out of patience.

“But think of all the money we’ll save if we don’t have to support NATO” — as Trump seeks a ~67%(!)/$600 billion(!) increase in the military budget in one year www.reuters.com/world/us/tru...

Surprisingly, the preposterous charade really is a preposterous charade. Thanks, @eliothiggins.bsky.social , for illuminating it so clearly.

Congress wouldn’t remove him from office when he sent a mob to kill them. They’re not going to do it now.

Americans' economic and political pains mainly stem from unprecedented concentration of our wealth, a few dozen mega-billionaires control 12%. They buy a lot of politicians, media outlets, & influencers to distract from their power by blaming our pain on immigrants, DEI, women's careers...

Appeasement didn't work with Hitler. Appeasement didn't work with Putin. Appeasement isn't working with Trump. When will Europe learn this most basic lesson about how to deal with imperialist bullies? www.politico.eu/article/hit-...

When Trump says "one way or another we're going to have Greenland" - we should sit up and listen. Time for British leaders to stop burying their heads in the sand. www.newstatesman.com/politics/uk-...

America in 2026: 34 people control 12% of the income. gzucman.substack.com/p/standing-u...

Wowsers Elon!

To get some sense of the pace of Australia’s home battery program At the pace estimated for this year, even without further growth, Australia could install enough home batteries by 2035 to meet California’s goals for ALL batteries (utility, commercial, residential) for 2045 — 10 years early!!!

Australia continues to install home battery systems at a stunning pace Analysis below estimates Australia is trending toward installing ~3800 MW in one year Almost double what California has installed ALL TIME (2200 MW) And CA has a substantially larger population (~39M CA v ~27M AUS)

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Full EV sales in China reached 35% for December and 33% for all of 2025. Fully one-third of new auto sales are now fully electric in the world’s largest car market.

We could all use a little good news, right??

“Their version of ICE bears less resemblance to the federal agency formed under the George W. Bush administration than to exactly what Pelley yearned to produce: a paramilitary unit accountable only to a dictator.” www.liberalcurrents.com/return-of-th...

Once beset by pollution, Beijing’s skies are clearer than ever thanks to EVs

FYI: In 1916 the U.S. signed an agreement for control of St. Thomas, St. John & St. Croix, known as the “Danish West Indies,” in exchange for $25 million & a declaration that the U.S. would “not object to the Danish Govt extending their political & economic interests to the whole of Greenland.

"As an avid reader of the New York Post, the New York Post’s X feed, and transcripts of several-minute-long voice memos from my relatives who have never lived in New York and will never live in New York, I was promised one thing from a Zohran Mamdani mayoralty: chaos."

I've said this before and I'll say it again. It would only take a tiny handful of Republican Congress members or senators to stop the slide of America toward authoritarian fascism, but nope. They're all in.

Will is absolutely correct. Just take Miller and some key MAGA media people at their own word:

Trump just said what it is all about. The sooner the world sheds its addiction to fossil fuels, the better. The alternatives are available, plentiful and cheaper.

It's an old and obvious pattern. An unpopular president - failing on the economy and losing his grip on power at home - decides to launch a war for regime change abroad. The American people don’t want to “run” a foreign country while our leaders fail to improve life in this one.

As it turns out, the Clooneys are political refugees ... "A UK government warning that Amal Clooney risks US sanctions over her role in the issuing of an arrest warrant for the Israeli prime minister is key among reasons the couple have sought French citizenship" www.theguardian.com/film/2026/ja...

A good riddance.

Unless this story is literally just being written about this whims of a handful of complete assholes the answer (as always) is “lol no they are not.”

Sure, they’re moving with the million rich people from NYC fleeing Mamdani’s socialism. Totally going to rebalance the Electoral College once they get to those free market capitalist tax havens, Wyoming & Oklahoma. Any day now. They’re fleeing as soon as possible.

It’s pretty wild that the most rabidly anti-immigrant administration in recent memory is comprised of a President married to an immigrant, a VP married to the daughter of immigrants, an assistant AG in charge of Civil Rights who’s an immigrant (Dhillon), & it was all funded by an immigrant (Musk).

The chaos will continue until morale improves

Many people who want to frame themselves as “moderates” have been getting this wrong for years but there’s really no excuse anymore

Worth a reminder in light of Matty Iglesias’ pro-fossil fuel propaganda in the NYTimes this morning👇 bsky.app/profile/eric...

Dude that was one flawed report. Take a read at what is undeniably the strangest CPI report in my career arc. Btw, it’s ok to say we just don’t know & need more data to make sound policy & investment judgements. #Econ #EconSky Source: The Real Economy Blog realeconomy.rsmus.com/that-novembe...

Great thread challenging common beliefs about EU v US economies