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turtle4th.bsky.social
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LMAO INVESTIGATE HIS DRUG USE

Musk calls for Trump’s impeachment. www.axios.com/2025/06/05/m...

MAJOR NEWS: Elon Musk says Trump is in the Epstein Files and that's why the FBI won't release them.

Musk hits back at Trump’s Truth Social post calling him “CRAZY”: “Such an obvious lie. So sad.”

oh hell yeah this is getting real good

Musk v Trump…

The chart of Challenger service sector layoffs will get your attention. (via Kevin Gordon) 🇺🇸

“U.S. deficit forecasts have been consistently too optimistic over the last 25 years.” www.dailychartbook.com/p/694 via @dailychartbook.bsky.social

‘The last time the gap between the cyclically-adjusted earnings yield and the real interest rate was as low as it is right now was in June 2007.’ www.ft.com/content/488f...

CBO is out with its final cost estimate of the tax-and-spending bill passed by the House. - Revenue ⬇️ by $3.7 trillion over 10 years - Spending ⬇️ by $1.3 trillion - Debt ⬆️ by $2.4 trillion over 10 years - Uninsured pop. ⬆️ by 10.9 million in 2034 Full analysis: www.cbo.gov/publication/...

*US MAY ISM SERVICES PMI FALLS TO 49.9 FROM 51.6; EST. 52 *US MAY ISM SERVICES PRICES PAID INDEX RISES TO 68.7 VS 65.1 Core PCE likely to keep accelerating

Japan is at the heart of the global rise in long-term yields. To be honest, I'm surprised the rise has been allowed to be as rapid as it has. At 240% debt to GDP, Japan really can't allow long-term yields to keep rising the way they have. This is where fiscal dominance is acute. Debt is never free.

Republican Senators Rebuke 'Immoral' Trump Bill—'Emperor Has No Clothes' share.newsbreak.com/d8zh29um?s=i16

1/8 For the US to negotiate point-by-point concessions may satisfy those who think of trade mainly as a set of legal issues, but from an economic point of view it makes little sense to focus on highly specific restrictions and policies. www.nytimes.com/2025/05/24/w...

From me in @postopinions.bsky.social: Catalist suggests 2024 was counterintuitive in ways contradicting exits (e.g. Democrats lost *more* with white college voters than white non-college). Only thing everyone agrees on is that Dems collapsed with everyone but supervoters. wapo.st/4k6xwBJ

Our task: To stop Trump from making the United States of America his ultimate bankruptcy, his ultimate failure.

Huge credit to Karen Dunn and her partners here. There are more of these to come. The firms that bowed to Trump are going to long regret that decision as the business costs are going to continue to add up. Meanwhile Jenner and the firms that stood up are winning. www.nytimes.com/2025/05/23/b...

PMI: “The overall rise in prices charged for goods and services in May was the steepest since August 2022, which is indicative of consumer price inflation moving sharply higher.” 🇺🇸

'Morgan Stanley expects consumer spending growth to slow sharply later this year.' thedailyshot.com/2025/05/22/w... via @thedailyshot.bsky.social

'What happens in Japan doesn’t stay in Japan.' www.ft.com/content/7083...

Existing homes. Slowest sales pace for any April since 2009. 🇺🇸 @gregdaco.bsky.social

'The pause on reporting delinquent federal student loans has now ended. As a result, up to 10% of US households may face a steep decline in their credit score. This means they will no longer be able to get a loan to buy a car, a house, or new furniture.' www.apolloacademy.com/significant-...

This is the best macroeconomic newsletter there is. I read it religiously every week. We are lucky to have @econparker.bsky.social #Econsky