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fishingandstuff.bsky.social
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“You cannot appeal to shared norms when the other side sees norms as tools to be gamed. You cannot assume diplomacy is about trust when the training teaches distrust as doctrine.” www.themoscowtimes.com/2025/04/14/i...

What the fuck, man.

“Not a provocative thinker.” — Matt Yglesias on Matt Yglesias 🤌

The losses expected by cuts in the IRS are more than twice the annual compensation to all federal workers. Trump is cutting important services to the American people and making us pay for it.

Total federal spending is up +8% in 2025 year-to-date on April 9 over 2024. The illusion that the fed govt is tightening its belt is contradicted by its own real-time expenditure data. Admin spectacularly hammering some things but raising spending elsewhere. Was -7% just after Inauguration Day.

Ideas.

Fama-French are going to have to add another term to account for deliberate destruction.

THE WORST DEFENSE OF THE TRUMP TARIFFS: I wrote in the newsletter today about how annoying it is to hear people talk about how we need these tariffs to reindustrialize and counter China in high tech manufacturing. We were literally just doing that! Sub here www.bloomberg.com/account/news...

Next time maybe you'll listen to Cassandra, you idiot.

You know, arresting people and deporting them without due process and sending them to a black hole outside of your claimed jurisdiction is EXACTLY the sort of shit that caused the Revolutionary War.

Just saw this employment advertisement. Seems appropriate

Is it too early to say "I told you so?"

“Imagine if I had done any of this.” — former president Obama, at Hamilton College this week

1/3 Thomas Sowell on Trump’s trade war. 👇🏼 “Oh my gosh, an utter disaster. I happen to believe that the Smoot-Hawley tariffs had more to do with setting off the great depression of the '30s than the stock market crash.”

Reduction of demand for foreign currencies makes the dollar more powerful compared with those currencies. Makes it harder for them to buy our shit, which is THE GODDAMN OPPOSITE OF WHAT THEY'RE TO GET OUT OF ALL THIS

1828. 1890. 1930. 2025.