I realise the bar is high these days but it's still jaw-dropping to read that the people helping the Iranians move money around include the guy who bought a stake in the Trump family's crypto venture, and the guy who Trump pardoned. www.reuters.com/investigatio...

Featured on INOMICS: 3rd International Workshop on Economic Complexity and Macroeconomic Dynamics #Econsky

INDIA GOVT OFFICIAL: INDIA HAS BEEN BUYING RUSSIAN OIL IRRESPECTIVE OF U.S. WAIVER

🌍 What happens when nearly half a million people leave a country in just a few years? 📌 Anastasiya Luzgina of BEROC examines post-2020 Belarusian migration and its impact on the EU and the Belarusian economy. freepolicybriefs.org/2026/04/27/b... #migration #belarus #FreeNetwork #economy

Chicago

It is worth noting that almost 15 months after the military genius Trump told the Ukrainians that they had no “cards”, the Ukrainians hit so many targets around Moscow in one night, the most heavily defended city in Russia, that only a map does it justice.

Highly relevant! "The Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?" by Paul Beaudry, Thomas J Carter, and Amartya Lahiri. www.elibrary.imf.org/view/journal...

Here's what the US National Science Board wanted to say about competing with China before its members were fired www.science.org/content/arti...

“Kentucky is sitting on roughly 16.1 million barrels of bourbon—the equivalent of around 300 million cases—according to the Kentucky Distillers’ Association. That’s the largest reserve ever, enough to last as much as 10 years, according to industry estimates.” www.wsj.com/business/ret...

Months before the war started they literally put tariffs on kitchen tables.

A sinking ship? Why the EU and China could be heading for a trade war Fiery clashes at a conference in Beijing reflect wider tensions that threaten to descend into economic conflict - my report on rapidly worsening EU-China ties for our weekend paper

Powerful and sincere message by 🇩🇪German politician, MdB, dr. Franziska Brantner: Europe is alone. In defence. The lonelier continent. The answer - European Defence Union. And Germany: Nie wieder allein. 1/2 🧵

A Russian diplomat working as an undercover SVR officer who spent years infiltrating the Mathias Corvinus Collegium (MCC) and other think-tanks tied to the Orbán government was quietly expelled from Budapest. Szabolcs Panyi

Canadian police said they caught a hot dog thief this week, and the bandit did not make an attempt to conceal the evidence. A constable had spotted a fox carrying five or six full hot dogs in its mouth.

"Euroclear said it did not recognize the Russian court's jurisdiction." www.themoscowtimes.com/2026/05/16/r...

“He failed to understand the interconnectedness of the world economy.” ⁣ ⁣ That was true in the trade war, and it’s true now.

Preliminary estimate for #Russia GDP change 1Q2026 y/y –0.2% First quarter of 2026 was really weak for the Russian economy. Apart from the oil revenue things have not improved much in 2Q2026. rosstat.gov.ru/storage/medi...

Also, his numbers are all completely off. The Korean War lasted just over 3 years. This is beside the point, but for God's sake stop making up numbers.

Trump doubled down on comments where he said he doesn’t care about the financial price his war has imposed on Americans: “That’s a perfect statement, I’d make it again.” Via NBC

Powell's tenure is not over just yet. Because Warsh has not been sworn in, Powell will serve as chair pro tempore, the Fed said on Friday. Bowman and Miran say they didn't support the temporary designation

Preliminary estimate for #Russia GDP change 1Q2026 y/y –0.2% First quarter of 2026 was really weak for the Russian economy. Apart from the oil revenue things have not improved much in 2Q2026. rosstat.gov.ru/storage/medi...

​BOFIT Weekly Review 20/2026 BOFIT sees China’s economic growth buoyed by exports this year, with a gradual slowdown over the next two years Read more 🔗 www.bofit.fi/en/monitorin... #China #economy #BOFITWeeklyReview

”Since the beginning of the year, the yuan has strengthened 3 % against the dollar and 2.5 % against the euro. The yuan’s real effective (trade-weighted) exchange rate (REER) in March was about 1.5 % stronger than at the start of January.”🇨🇳

U.S. pushes to restart Belarusian potash exports through Lithuania, foreign minister says While U.S. sanctions on the product were lifted in March 2026 after Minsk released 250 political prisoners, EU restrictions are in force until February 2027.

It’s Jerome Powell’s last day as Fed chair. My charticle on the economy (and the Fed) that Kevin Warsh, his successor, is inheriting 📈📉📊💸 GIFT LINK —> nyti.ms/3PMdFh3

Of all the conversations that never happened, this conversation never happened a thousand times.

Gita Gopinath writes “A painting of the end of meritocracy: A meeting of the two largest economies and not one woman at the table.”

If Trump does not offer U.S. trading partners “a few carrots along with using sticks,” the “trust and order that the United States built through decades of careful trade compromises will quickly run out,” warn @inumanak.bsky.social and Allison Smith.

China agreed to buy 200 Boeing planes, Trump said, in a multibillion-dollar deal that would mark the nation’s first purchase of US-made commercial jets in nearly a decade. But the announcement fell short of expectations www.bloomberg.com/news/article...

One of Europe’s central banks announces that it is moving its essential cloud services away from the tried and trusted U.S. giants of Google, Amazon, and Microsoft to a company more famous for selling bargain groceries. Read more of Kamal Ahmed's Letter from London: https://bit.ly/4eMc0SO

Trump to Xi: "I was particularly impressed by those children. They were happy, they were beautiful. Those children were amazing."

Kyiv is under a massive Russian attack from ballistic missiles and drones right now, according to the Air Force and local authorities, with explosions reverberating across the Ukrainian capital. Air defense is actively working to beat back the threat. Authorities warning residents to seek shelter.

Bernanke vote in 2006 (voice) Bernanke vote in 2010: 70-39 Yellen vote in 2014: 56-26 Powell vote in 2018: 84-13 Powell vote in 2022: 80-10

“Europe is likely to bear the brunt of the next wave of Chinese market share gains, as its export strengths are heavily concentrated in sectors where Chinese firms are making rapid inroads. Cars, chemicals, and machinery will be at the forefront of this exposure.” rhg.com/research/chi...

Iran has restored operational access to 30 of its 33 missile sites along the Strait of Hormuz and has retained 70% of its prewar missile stockpile, according to US intelligence, as reported by @adamentous.bsky.social Maggie Haberman and Jonathan Swan www.nytimes.com/2026/05/12/u...

China's Censorship is the Most Pressing Threat to Freedom of Expression | "Advanced technologies are propelling the CCP’s capabilities for suppressing speech to an entirely new level, both within and beyond China’s borders." Dr. Alina Polyakova and Christopher Walker

”Ukraine’s supporters in Congress won a big victory on Wednesday when legislation to bolster Kyiv in its war with Russia secured the 218th signature on a discharge petition forcing the bill to the House floor.” thehill.com/homenews/hou...

“The ​United States has informed ‌Switzerland that deliveries of its Patriot missile system ​will be further delayed ​and become more expensive ⁠due to the Iran ​war, the Swiss government ​said” www.reuters.com/world/united...

The Senate narrowly confirmed Kevin Warsh chair of the Federal Reserve, setting up the most controversial leadership transition at the US central bank in decades and a test of its political independence

​BOFIT Weekly Review 19/2026 Russian economy weakened sharply in first two months of the year; rising oil prices bring relief Read more 🔗 www.bofit.fi/en/monitorin... #Russia #economy #BOFITWeeklyReview

”Vuoden alusta juan on vahvistunut dollaria vastaan 3 % ja euroon nähden hieman vähemmän 2,5 %. Kauppapainotetulla reaalisella valuuttakurssilla mitattuna juan oli maaliskuussa 2026 noin 1,5 % vahvempi kuin tammikuun alussa.”🇨🇳

​BOFIT Viikkokatsaus 20/2026 BOFIT odottaa viennin tukevan Kiinan talouskasvua tänä vuonna, jonka jälkeen kasvu hidastuu Lue lisää 🔗 www.bofit.fi/fi/seuranta/... #Kiina #talous #BOFITViikkokatsaus

Engle and Granger (1987)

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“.. Highest close for the 10y Treasury yield since last July.” - Schwab