Fifteen minutes before the President announced he was pausing strikes on Iran, somebody moved $500 million in oil futures. Somebody knew. Somebody told them. Or somebody is them.
New piece ↓
open.substack.com/pub/adamkinz...
Kevin Warsh just lost me. He argues he's going to be an independent Fed Chair, but refuses to acknowledge that Trump lost the 2020 election. If you can't state simple facts when you're in the political spotlight, you aren't independent. You're a coward.
Cortez Masto to Warsh: In 2007, you said 'subprime mortgages have gotten a bad name.' You said you have no regrets. How can we trust that you're accurate now when you were wrong then?
ELIZABETH WARREN: Did Donald Trump lose the 2020 election?
KEVIN WARSH: Uhm, we try to keep politics if I'm confirmed out of the Federal Reserve
WARREN: I'm just asking a factual question
WARSH: I believe this body certified the election
WARREN: That's not the question I'm asking
It's not just that Warsh would be beholden to Trump. That is the most important thing, but it also overshadows the fact that his Fed calls down the years have been bad--not uniquely bad, but systematically bad. I'm old enough to remember when he wanted to hike rates in 2008
How did 2.5 million people lose access to SNAP within just 5 months? CBPP's @tyjonescox.bsky.social explains the major provisions of the harmful Republican megabill (H.R. 1) that are already harming communities across the country, and will threaten access to food assistance for many more.
If you watch and share one thing today make at this. Why is every democrat in the country not talking like this?
aaaand here's another (jp morgan chase):
for all the headlines about how finance doesn't care about climate anymore (there are many) the job postings are saying the opposite--they've truly never cared this much before
Here’s the thing—especially on April 15: cutting the IRS isn't some abstract budget trim. It's a tax cut delivered through weaker enforcement. And it mostly goes to people with the most scope to hide income.
Follow-up question: How many humans were alive when all of Earth's life was underwater?
I swear to God I'm having a stroke
other things Hassett has been confident of in the past (article from 2020) www.businessinsider.com/trump-adviso...
i bet this goes crazy if you’re a dumbass
The inflation numbers aren't catching the affordability crisis in home insurance, giving the Fed yet another excuse to avoid thinking about a chaotic climate
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
NO TAX ON BOAT LOAN INTEREST ISE ON @RepNancyMace
stiff competition but I found it, the worst policy proposal
Happy 50th anniversary to “All the President’s Men” — a film that owes its existence to Redford, who bought the film rights, developed the script and cajoled a reluctant Woodward & Bernstein.
I thought it was “a great character study,” he said later. But, for months, “they didn’t return my calls.”
The President of the U.S. The man with the nuclear codes. And people are just going to pretend this is ok.
In a functioning society, he would be removed from office within hours by his own party.
This is an actual post. This is not funny. This is beyond desperate. This is a deeply unwell man who doesn’t belong anywhere near the levers of power. Every member of his cabinet and Congress is complicit in not demanding his removal now.
The Treasury Department is working on a plan to gut its office that researches financial market risks.
Because the office is funded by fees on the financial industry, this won't save taxpayers money. But it will make it harder to spot and prevent the next crisis.
www.politico.com/news/2026/04...
In what world is it okay for the Defense Secretary to make multi-million dollar investments in defense companies:
a) Ever;
b) In the run-up to starting a war in the Middle East
FT has the scoop: www.ft.com/content/744e...
In a functional democracy, he would offer his resignation tonight.
America's science fair experiment "What Happens When You Put the Stupidest Guy in the Country in Charge?" gets close to its "In Conclusion" stage
After Claudia Goldin became the first woman to win a solo Nobel in economics, she got hundreds of invitations.
She accepted three.
One was advising WNBA players on a labor deal. She helped players land the biggest % raise in US sports history.
www.wsj.com/economy/wnba...
If the estimates were right, there were about 9 million people at No Kings rallies today.
That would mean this protest was THIRTY TIMES AS LARGE AS THE TEA PARTY PROTEST which we were told, over and over again, was a massively important sign that US politics had shifted dramatically to the right
Again, this one rally in Minneapolis alone nearly has as many people at it as the 750 different Tea Party protests combined, and yet No Kings will generate a tenth of the news coverage
bsky.app/profile/indi...
I really feel like we are at the dawn of an age in which truth, the simple facts of the matter, will be more valuable than ever and also less accessible than ever.
Only 23% of government workers believe they “can report a suspected violation of a law, rule, or regulation without experiencing retaliation.”
That's way down form the share the prior year (72%) who said they could report suspected illegal activity without fear
www.thebulwark.com/p/two-more-g...
Epstein ran a decades-long criminal conspiracy involving some of the most powerful and influential people on Earth. And, what’s hilarious about it, is that the most influential people on Earth come off as huge fucking losers. michaelianblack.substack.com/p/epstein-sh...
I don't think people fully appreciate how apocalyptic things are for US science. I haven't had any new funding since 2024, but I'm still ok since typical grants are for three years. This means next year I will be completely out of funding and will have to fire everyone in the lab. It's not great.
Honestly feel like you could get true bipartisan, Epstein-files-level buy in for getting to the bottom of this.
The proposal: Benjamin Collier, @benkeys.bsky.social, and Philip Mulder propose a federal reinsurance entity that could help households maintain more consistent and affordable coverage, contribute to resilience and disaster recovery, and help stabilize mortgage and housing markets:
