Global jet fuel supplies are collapsing. Lufthansa has already cut 20,000 flights.

I don't think I'll ever get over Clarence Thomas ruling on cases related to Jan 6 knowing that his wife was an active participant in the attempted coup.

Or ruling on cases related to government regulations and a wealth tax knowing he took gifts from billionaires.

It's a disgrace.

Markets about to open?

TAIL: Trump always is lying, with innuendos reflecting his Epstein proclivities.

I wonder does imply higher earnings growth or just more volatility? Or maybe both?

Trump insulted president of Portugal last year after Marcelo said “Trump is a Russian asset”

I think @isabellamweber has shown that the high and sticky inflation was primarily from oil and other key oligarchies jacking prices, especially after Ukraine invasion. Similar to the 1970s and OPEC. Think speed of fiscal response/monetary policy here is a bit of a red herring.

Cattle industry has learned from oil companies and others that reducing supply leads to higher profits. Laughable for any economist to talk about competitive markets anymore.

Against Money A powerful deconstruction of humanity’s most influential invention, from the acclaimed economists J. W. Mason and Arjun Jayadev.Money is everywhere in our daily lives. It lurks in the swipe of a card ...

Sure do! press.uchicago.edu/ucp/books/bo...

Doesn’t @jwmason.bsky.social also have a money book about to come out?

Same thing that happened with Russian tanker pulling into Cuba.

Your only mistake here is calling Joe Kernen a “financial expert!” I suspect my cat knows more about finance than Kernan does

Aber natürlich! Wie immer mit Trump?

Trucking rates will definitely get your attention.

(via Schwab)

What explains the big discrepancies btw GDP and PI in the Dakota’s? Oil output?

Oh so much money to be grifted… I mean made.

Trump threatens a “whole civilization will die tonight." This brings America into a new immoral universe

“Those of us who are silent right now — whether we call ourselves Democrats or Republicans, whether we are in the military or are civilians, whether or not we hold public office, whether we like Donald Trump or detest him — must not remain silent.”

open.substack.com/pub/robertre...

Agree. Also I think high inflation during 1970s was primarily due to OPEC price hikes in both 1973 and 1979. Not primarily due to US fiscal and/or monetary policies.

Tequila and tacos are excluded from a general strike on 5 May

I am thinking around 3800?

I would love to know what Fib charts show for a buy in for gold? Fundamentals guy myself so don’t understand very well your world. But always curious!

Don’t know Latin, but the German and Portuguese and French grammar nerd in me is salivating at all these cases, tenses, participles, gerunds, etc!

“Open the straights or the wabbit gets it!”

I was trained to always end my communication with “over”. Why don’t they use that?

Agree. Born and raised there. Lucky to get out for grad school and never moved back.

My experience with Ms Tett has been she is not that well informed and tends to repeat without critical analysis what she hears from a limited set of sources. Her book on credit derivatives, for example, was riddled with mistakes.

Yes. Contracts originally sized 500 x I remember trading them when they first came out and trying to understand what caused backwardation v contango in the futures curve. “Portfolio insurance”, “dynamic hedging” and other nonsense strategies. And then came Oct 87!

Why isn’t there an easily accessible and searchable/sortable website listing all of Trump’s outrages? I think we need to be reminded of the totality of his madness.

Trump is just incapable of listening, period. No fun for him if he cannot run off his mouth, so of course he left the SOTUS hearing. I’m surprised he didn’t try to give testimony.

I am struggling with the possible oxymoron in the title “Ethics of Capitalism”?