👀👀😱 "Hepatitis B again, that's sexually transmitted, and I think you should wait until 12."

Clements has sadly passed. He wrote getting going and, bravely, preparing himself getting gone. Godspeed www.wsj.com/finance/inve...

Never ascribe to malice that which is adequately explained by Trumpian incompetence. But it is worth noting that, since 1975, the dollar has only seen a steeper year-to-date decline during the deliberate depreciation that followed the 1985 Plaza Accord:

Former Meta exec who exposed the company’s China ties and treatment of teens is reportedly near bankruptcy after her book’s release, facing $50k fines per violation of a gag order against criticizing Meta. www.theguardian.com/technology/2...

1/2 Good Matthew Klein piece on recent developments in the Chinese economy, with especially interesting numbers on continued demand weakness and on financial flows (including flight capital). theovershoot.co/p/chinas-ant...

Started Going

Meanwhile in Norway Air Force racially discriminating. The case of a 19yo Norway born citizen unable to serve because her family is originally from Iran. Her father served in the Norway Army in Afghanistan.

A 42-year-old man died in ICE custody yesterday on Long Island, in Nassau County, where Bruce Blakeman gave ICE 50 local jail cells to hold detainees. The man's name and cause of death not released yet. He was found not breathing, police said. www.newsday.com/long-island/...

And they make in avg 167K gross according to Ziprecruiter ; so if they are left on their own they will not pay it. They will go somewhere else. Rest of the world is looking for them too.

@christogrozev.bsky.social 💯

Russia is testing response system via provocation. Expected, as per Putin speech Feb212022. He sees opportunities as he believes it is easy to please/flip Trump and Europe is weakened as dependent to US and its weapons system. Note the superbase in Belarus and the fueling in Serbia and Moldova.

This guy? He would never...

We settled the war between "Aber-baijan" and Albania [👀] ...Starmer face 😅

Farming is tough. But has never been so tough as is now.

@matt-levine.bsky.social about principal-agent problem, thing of value and bribery “The auditor received at least 13 complimentary multi-day trips to Florida where he was given up to $5,000 per day for private dances at RCI-owned strip clubs…” www.bloomberg.com/opinion/news...

Meanwhile… us15.campaign-archive.com?e=25187e14cc...

My dentist said that tariffs are greatly impacting the COGS of the practice. To my surprise majority of supplies are from Europe not Asia. Costs going up 20% to 40%; tariffs are passed in full.

Of the 24K heat deaths in Europe this summer, 16,500 were attributable to human-caused global heating, per a new study from @granthamicl.bsky.social & many more insideclimatenews.org/news/1709202...

Yulia Navalnaya says that they were able to get Alexey Navalny biological spoils outside of Russia and have it tested it by two independent labs. Both confirmed he was poisoned. cc @nicolastenzer.bsky.social

‘Buybacks are primed to fall as free cash flow becomes strained and earnings start to disappoint, leaving net equity supply positive. This latter phenomenon is highly unusual, with previous instances coinciding with poor market returns.’ blinks.bloomberg.com/news/stories...

A Black man and a homeless man were found hanging from trees in Mississippi yesterday, for those who haven’t seen yet because it’s barely made it out of local news.

This is how you know when to HolDM and when to Fold EM?

"George Saravelos, Deutsche Bank’s Global Head of FX Research, says "for the first time this decade hedged inflows into America are now dominating over unhedged exposure". Systematic risk is increasing. Moreover, the source of instability comes from what used the be the anchor of stability.

An indication that things are going to be 💩

When Stephen Miller talks about prosecuting domestic terrorists who malign Charlie Kirk, keep in mind that Miller has described the Democrats as a "domestic extremist organization" He wants to terrorize and silence half of this country

“Ho Lee Fook, a gilded contemporary Chinese restaurant in Hong Kong’s SoHo, is a place where many of the city’s financial professionals gather to celebrate… Its name means “good fortune for your mouth” in Cantonese”🎁 on.ft.com/4nbQrg0 Hong Kong: a comeback with Chinese characteristics

“India is the world’s third-largest producer of e-waste, having generated approximately 1.75 million metric tons in the fiscal year ending 2024, an increase of nearly 75% over the last five years.” restofworld.org/2025/india-e...

American soybean farmers don’t have a single order from China as they head into harvest season. China usually buys 25% of the entire crop. Crisis looms for the farmers and there’s only one man responsible.

We need to regulate the algorithms, full stop.

In the center of Grodno, Belarus, near the border with Poland, the newest Russian BTR-22 with a new tactical marking was spotted. Such equipment has appeared in Belarus for the first time.

Texas Tricolor Holdings filed for bankruptcy due to fraudulent activity impairment charges on their ABS. They had AAA ratings from KBRA. JPM Barclay's FifthThird were the warehouse lenders; this can spread like fire. www.bloomberg.com/news/article...

@hakyungkim.bsky.social on Unhedged FT clearly depicts the stagflationary scenario brewing that will make FED struggle with dual mandate. My view is IF they cut September 17 it will be just 25bps. Inflation is bigger beast to tame and they cannot allow it to run away.

interesting point from Jim Bianco

BELARUS OPPOSITION LEADER TSIKHANOUSKAYA SAYS LESS THAN 4% OF PRISONERS HAVE BEEN FREED, RIGHT NOW THERE IS NO REAL CHANGE FROM LUKASHENKO

Faster inflation broadly - the highest increase yoy since Jan 25. Labor is slowing in terms of hours worked. Orders are slowing. We are imo in the slowdown phase next is contraction.

Bestselling author and Innocence Project Board Member John Grisham is telling the story of Robert Roberson—an innocent man Texas plans to execute on Oct. 16. Time is running out. www.dallasnews.com/news/crime/2...

Texas is going to execute a man who is innocent of the crime, because there was no crime.

According to this person, who has been detained by ICE because he "looked mexican" and did not stop at an interesection with the bycicle, another detained was refused his medication and died of heart attack. Allow me to be skeptical about mid-term fixing this and the future of this nation.

😂 “Wetting yourself at the North Pole” is best definition of US policy risk Must listen episode with @robarmstrong.bsky.social and @katie0martin.ft.com (Btw we should talk about the not great quality of earnings - Enronresque for some companies) podcasts.apple.com/us/podcast/u...

good stuff

@johnauthers.bsky.social on how to interpret recent data. My take: we are seeing increasing slowdown; steps away before contraction. 🎁 www.bloomberg.com/opinion/news...

Freight Waves Craig Fuller notes that US trucking volume has hit the lowest since 2019 and cardbox shipping the lowest since 2015

Brad Setser notes that China 2025 surplus is growing; 103B in August and y/y is at a Tesla Musk pay compensation level, 1.2T

Reassuring that the US Treas Sec is a very controlled person. Past performance is not indication of future results. His hedge fund performance 👀

👀 WUT? So now the FED is always wrong because... BLS? Clearly it is next attack. If they do not like the data don't change course change the data. @ericagroshen.bsky.social [Chamath doesn't like data... all these numbers they are so sterile].

Hundreds of people including South Korean workers were arrested in an immigration raid at a Hyundai Motor battery plant under construction in Georgia www.wsj.com/us-news/u-s-...

The Trump admin has unveiled a “pocket rescission” to cancel $4.9bn in int’l aid—part of a broader effort to cut US development spending. @ecollinson.bsky.social and Jocilyn Estes unpack what it is, why it may face legal challenges, & implications for US aid: https://bit.ly/47ZiE4z

First job loss since Dec 2020, even more significant because labor supply has been shrinking (massively). If you consider ISM manufacturing employment divergence, see today @robarmstrong.bsky.social Unhedged FT, with BLS pyr data we are at a turning point. FED will cut.

Musk asking if people having issue purchasing his cars.... the answers are 🔥 cc @keubiko.bsky.social

this is so self destructive at so many levels www.forbes.com/sites/stuart...