bobburgess.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

Is this what they mean by the "Trump Trade"? Asking for a friend. "Stocks got hit after weaker-than-expected economic data raised concern about the outlook for Corporate America amid a surge in consumers’ long-run inflation views to the highest since 1995." www.bloomberg.com/news/article...

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But how will it play in the Heartland? 🇺🇸

submitted 1 day ago • 28 comments

Want to know how much eggs are going to cost? The bond market offers a big clue 🎥🍳

submitted 1 day ago • 2 comments

"The pro-Palestinian groups that came to be known as the Uncommitted movement have been uncharacteristically quiet since President Donald Trump won re-election — even as the new president threatens to 'take over' Gaza." www.bloomberg.com/opinion/arti...

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Once known as the Barack of Brooklyn, the House minority leader has stumbled to craft a path for Congressional Democrats. www.bloomberg.com/opinion/arti...

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Even with Trump leaning toward Putin, Kyiv can salvage most of its land and assure its own security. www.bloomberg.com/opinion/arti...

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Crypto exchange Bybit said one of its wallets was hacked, resulting in what crypto analysts said is the loss of almost $1.5 billion worth of cryptocurrency in the biggest theft ever experienced in the industry. www.bloomberg.com/news/article...

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Probably nothing.... US consumers’ expectations for long-term inflation rose to the highest rate in three decades on concerns President Donald Trump’s tariffs will translate into higher prices. www.bloomberg.com/news/article...

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Oregon will soon begin issuing loans to help developers finance construction of middle-income housing, an increasingly common strategy in other states tackling the nation’s home affordability crisis. @oregonian.com @jonathanmbach.bsky.social www.oregonlive.com/business/202...

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We imported $450B from China last year, in a world where tariffs don't affect import volumes at all a 10% tariff would struggle to raise $50B/year let alone $100B/year, in reality you're not even going to get close to these numbers.

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"The senior US Republicans tasked with dismantling Joe Biden’s signature climate policy have enjoyed an investment boom of more than $130bn in the areas they represent thanks to the former president’s law." www.ft.com/content/e627...

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Meet the new executive vice chairman of storied Wall Street firm Cantor Fitzgerald: hip-hop-artist Kxtz (1/2) open.spotify.com/track/2OXs6i...

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Umm, WUT? HASSETT: AMERICANS WOULD SAVE DOGE PAYOUTS, NOT SPEND IT ALL HASSETT: NO CONCERN DOGE PAYOUTS WOULD BE INFLATIONARY HASSETT: REPLACING INCOME TAX REVENUE WITH TARIFFS IS POSSIBLE HASSETT: REVENUE FROM CHINA TARIFFS $500B TO $1T OVER 10 YEARS

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"If it sounds too good to be true, that’s probably because it is." www.bloomberg.com/opinion/arti...

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There’s a silver lining in Trump’s trade war with Canada, @bobburgess.bsky.social says. The US’s northern neighbor may finally confront the structural weaknesses plaguing its economy

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Billionaire Texas real estate developer and longtime GOP donor Ross Perot Jr. says uncertainty over tariffs has him considering adding a “tariff line” in contracts for the industrial buildings he develops: One rent if no tariffs and a higher one with tariffs. www.bloomberg.com/news/article...

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This "just bypass the subway and drive your own car" comment feels like a "let them eat cake" moment

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"...the same administration that has loosed Elon Musk’s brigade of teenage coders in the guts of the federal bureaucracy looking for wasted government money is also giving state and local officials a blank check to … waste government money." www.bloomberg.com/opinion/arti...

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We are once again reminding you that it is literally impossible for tariff revenue to fully replace income taxes. Read: www.piie.com/blogs/realti...

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You've heard of GAAP accounting but have you heard of MUSK accounting. www.bloomberg.com/news/article...

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"The unitary executive approach is highly formalistic and overblown as a matter of constitutional law." www.bloomberg.com/opinion/arti...

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"Many of these disclosures are being tucked quietly into already lengthy “risk factor” language in annual regulatory filings, at odds with the upbeat tone some executives take publicly when describing their work with the White House." www.bloomberg.com/news/article...

submitted 2 days ago • 0 comments

Axios with some good nuggets on the economic interdependence between the US and Europe and what the Trump administration is risking:

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So now the Trump administration wants to raise taxes on US companies? I'm so confused... “This is going to end under Donald Trump and those taxes are going to be paid.”

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Since Texas banned abortion, no one has studied the statewide effects on pregnant women experiencing complications. Here’s how we sifted through data on millions of pregnancy hospitalizations and analyzed the outcomes before and after the ban.

submitted 2 days ago • 4 comments

Woe, Canada: "The reason Canada’s trade surplus with the US has grown is not because it has taken advantage of its southern neighbor but rather because of structural issues that have restrained its economy and, by extension, the wellbeing of its citizens." www.bloomberg.com/opinion/arti...

submitted 2 days ago • 0 comments

"As always, though, the particles of validity in Trump’s thinking are embedded in a reckless, hyperbolic repudiation of the status quo and a policy program that courts enormous risk. The Trump world order could be a disaster in the making." www.bloomberg.com/opinion/arti...

submitted 2 days ago • 1 comment

Oh well: Instead of extending the period of US exceptionalism in global equities, the S&P 500 Index’s record run has still left it trailing European, Chinese and Mexican benchmarks. The dollar’s strength and bearish bets on US Treasuries are both losing steam. www.bloomberg.com/news/article...

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Sorry goldbugs. Treasury Secretary Scott Bessent to Bloomberg TV: *BESSENT: REVALUING GOLD RESERVES 'NOT WHAT I HAD IN MIND'

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And then there are the ancillary consequences - a constrained pipeline of new talent, and much of the best talent diverted to other professions and away from health research and public service where we really need great minds who are motivated to serve the common good.

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How should Europe respond to Trump’s push against the EU and NATO? 🎙️ Join Nicole Torres, Marc Champion, Lionel Laurent and Chris Bryant on Thursday for a Live Q&A to discuss: bloom.bg/4i6ZGLt

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EO released yesterday gives the President the power to "adjust [independent] agencies’ apportionments by activity, function, project, or object, as necessary and appropriate, to advance the President’s policies and priorities." If found constitutional, independent agencies would no longer exist.

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"Europe, for its part, showed that it is slouching toward strategic irrelevance in a world ruled by Washington, Moscow and Beijing." www.bloomberg.com/opinion/arti...

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The Trump administration's rejection of Western values bodes ill for Ukrainians, Europeans, and anyone who yearns for a world with more freedom and justice, and may signal a historic rupture in the concept of the West. www.bloomberg.com/opinion/arti...

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"Yes, the government needs to cut waste and excessive regulations, and some tax cuts will boost growth. But even in the best-case scenario, the added growth wouldn’t be enough to make them pay for themselves, let alone cover the unfunded entitlements coming due..." www.bloomberg.com/opinion/arti...

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"Such thinking exposes a fundamental misunderstanding of poverty, one that disregards the economic reality of being a low-income American in favor of broad judgement and harsh policy." www.bloomberg.com/opinion/arti...

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"What Ukraine has is scorched earth; what it doesn’t have is rare earths. Surprisingly, many people — not least, US President Donald Trump — seem convinced the country has a rich mineral endowment. It’s a folly." www.bloomberg.com/opinion/arti...

submitted 3 days ago • 0 comments

It just got real: Mondelez Sees Chocolate Prices Rising Up to 50% on Cocoa Surge: Executives from Hershey Co. and Mondelez International Inc. signaled more price increases may be coming as the chocolate makers navigate a sustained rise in cocoa prices.

submitted 4 days ago • 2 comments

Goodbye US auto industry? S&P Global Ratings: "Such tariffs would slash billions from automakers' profits, triggering ripple effects across the broader supply chain due to potential production disruption and driving up costs for the end consumer"

Is this what they mean by the "Trump Trade"? Asking for a friend. "Stocks got hit after weaker-than-expected economic data raised concern about the outlook for Corporate America amid a surge in consumers’ long-run inflation views to the highest since 1995." www.bloomberg.com/news/article...

But how will it play in the Heartland? 🇺🇸

Want to know how much eggs are going to cost? The bond market offers a big clue 🎥🍳

"The pro-Palestinian groups that came to be known as the Uncommitted movement have been uncharacteristically quiet since President Donald Trump won re-election — even as the new president threatens to 'take over' Gaza." www.bloomberg.com/opinion/arti...

Once known as the Barack of Brooklyn, the House minority leader has stumbled to craft a path for Congressional Democrats. www.bloomberg.com/opinion/arti...

Even with Trump leaning toward Putin, Kyiv can salvage most of its land and assure its own security. www.bloomberg.com/opinion/arti...

Crypto exchange Bybit said one of its wallets was hacked, resulting in what crypto analysts said is the loss of almost $1.5 billion worth of cryptocurrency in the biggest theft ever experienced in the industry. www.bloomberg.com/news/article...

Probably nothing.... US consumers’ expectations for long-term inflation rose to the highest rate in three decades on concerns President Donald Trump’s tariffs will translate into higher prices. www.bloomberg.com/news/article...

Oregon will soon begin issuing loans to help developers finance construction of middle-income housing, an increasingly common strategy in other states tackling the nation’s home affordability crisis. @oregonian.com @jonathanmbach.bsky.social www.oregonlive.com/business/202...

We imported $450B from China last year, in a world where tariffs don't affect import volumes at all a 10% tariff would struggle to raise $50B/year let alone $100B/year, in reality you're not even going to get close to these numbers.

"The senior US Republicans tasked with dismantling Joe Biden’s signature climate policy have enjoyed an investment boom of more than $130bn in the areas they represent thanks to the former president’s law." www.ft.com/content/e627...

Meet the new executive vice chairman of storied Wall Street firm Cantor Fitzgerald: hip-hop-artist Kxtz (1/2) open.spotify.com/track/2OXs6i...

Umm, WUT? HASSETT: AMERICANS WOULD SAVE DOGE PAYOUTS, NOT SPEND IT ALL HASSETT: NO CONCERN DOGE PAYOUTS WOULD BE INFLATIONARY HASSETT: REPLACING INCOME TAX REVENUE WITH TARIFFS IS POSSIBLE HASSETT: REVENUE FROM CHINA TARIFFS $500B TO $1T OVER 10 YEARS

"If it sounds too good to be true, that’s probably because it is." www.bloomberg.com/opinion/arti...

There’s a silver lining in Trump’s trade war with Canada, @bobburgess.bsky.social says. The US’s northern neighbor may finally confront the structural weaknesses plaguing its economy

Billionaire Texas real estate developer and longtime GOP donor Ross Perot Jr. says uncertainty over tariffs has him considering adding a “tariff line” in contracts for the industrial buildings he develops: One rent if no tariffs and a higher one with tariffs. www.bloomberg.com/news/article...

This "just bypass the subway and drive your own car" comment feels like a "let them eat cake" moment

"...the same administration that has loosed Elon Musk’s brigade of teenage coders in the guts of the federal bureaucracy looking for wasted government money is also giving state and local officials a blank check to … waste government money." www.bloomberg.com/opinion/arti...

We are once again reminding you that it is literally impossible for tariff revenue to fully replace income taxes. Read: www.piie.com/blogs/realti...

You've heard of GAAP accounting but have you heard of MUSK accounting. www.bloomberg.com/news/article...

"The unitary executive approach is highly formalistic and overblown as a matter of constitutional law." www.bloomberg.com/opinion/arti...

"Many of these disclosures are being tucked quietly into already lengthy “risk factor” language in annual regulatory filings, at odds with the upbeat tone some executives take publicly when describing their work with the White House." www.bloomberg.com/news/article...

Axios with some good nuggets on the economic interdependence between the US and Europe and what the Trump administration is risking:

So now the Trump administration wants to raise taxes on US companies? I'm so confused... “This is going to end under Donald Trump and those taxes are going to be paid.”

Since Texas banned abortion, no one has studied the statewide effects on pregnant women experiencing complications. Here’s how we sifted through data on millions of pregnancy hospitalizations and analyzed the outcomes before and after the ban.

Woe, Canada: "The reason Canada’s trade surplus with the US has grown is not because it has taken advantage of its southern neighbor but rather because of structural issues that have restrained its economy and, by extension, the wellbeing of its citizens." www.bloomberg.com/opinion/arti...

"As always, though, the particles of validity in Trump’s thinking are embedded in a reckless, hyperbolic repudiation of the status quo and a policy program that courts enormous risk. The Trump world order could be a disaster in the making." www.bloomberg.com/opinion/arti...

Oh well: Instead of extending the period of US exceptionalism in global equities, the S&P 500 Index’s record run has still left it trailing European, Chinese and Mexican benchmarks. The dollar’s strength and bearish bets on US Treasuries are both losing steam. www.bloomberg.com/news/article...

Sorry goldbugs. Treasury Secretary Scott Bessent to Bloomberg TV: *BESSENT: REVALUING GOLD RESERVES 'NOT WHAT I HAD IN MIND'

And then there are the ancillary consequences - a constrained pipeline of new talent, and much of the best talent diverted to other professions and away from health research and public service where we really need great minds who are motivated to serve the common good.

How should Europe respond to Trump’s push against the EU and NATO? 🎙️ Join Nicole Torres, Marc Champion, Lionel Laurent and Chris Bryant on Thursday for a Live Q&A to discuss: bloom.bg/4i6ZGLt

EO released yesterday gives the President the power to "adjust [independent] agencies’ apportionments by activity, function, project, or object, as necessary and appropriate, to advance the President’s policies and priorities." If found constitutional, independent agencies would no longer exist.

"Europe, for its part, showed that it is slouching toward strategic irrelevance in a world ruled by Washington, Moscow and Beijing." www.bloomberg.com/opinion/arti...

The Trump administration's rejection of Western values bodes ill for Ukrainians, Europeans, and anyone who yearns for a world with more freedom and justice, and may signal a historic rupture in the concept of the West. www.bloomberg.com/opinion/arti...

"Such thinking exposes a fundamental misunderstanding of poverty, one that disregards the economic reality of being a low-income American in favor of broad judgement and harsh policy." www.bloomberg.com/opinion/arti...

"What Ukraine has is scorched earth; what it doesn’t have is rare earths. Surprisingly, many people — not least, US President Donald Trump — seem convinced the country has a rich mineral endowment. It’s a folly." www.bloomberg.com/opinion/arti...

It just got real: Mondelez Sees Chocolate Prices Rising Up to 50% on Cocoa Surge: Executives from Hershey Co. and Mondelez International Inc. signaled more price increases may be coming as the chocolate makers navigate a sustained rise in cocoa prices.

Goodbye US auto industry? S&P Global Ratings: "Such tariffs would slash billions from automakers' profits, triggering ripple effects across the broader supply chain due to potential production disruption and driving up costs for the end consumer"

*US TELLS AFGHAN RESETTLEMENT OFFICE TO PLAN CLOSURE: REUTERS

BREAKING: