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

Well, well, if it isn’t the consequences of my own actions.

submitted 6 hours ago • 1 comment

Three things worth knowing about the current fiscal debate: 1. When they're talking about savings, the numbers are usually billions (though sometimes millions). 2. When they're talking about tax cuts, the numbers are usually trillions. 3. A trillion is a thousand times larger than a billion.

submitted 5 hours ago • 15 comments

Q: How many Trump administration people does it take to change a lightbulb? A: To get to the other side.

submitted 13 hours ago • 0 comments

Egg situation getting so dire that Tariff Man is looking to increase imports lololol www.nytimes.com/2025/02/26/u...

submitted 14 hours ago • 17 comments

<--- doesn't think the market is properly pricing anti oligarch risk spreading beyond Musk

submitted 14 hours ago • 5 comments

Was it not Katharine Graham who said, I'll tell you what to print, lads and it'll be what the president wants.

submitted 15 hours ago • 0 comments

We really need the whole tech thing to fall apart next month so that everyone can run “Ives of March” headlines

submitted 1 day ago • 0 comments

In case someone finds it useful, here's a ranking of states and other jurisdictions by the federal government's share of nonfarm payroll employment as of 2024.

submitted 1 day ago • 0 comments

These people are all crazy . It’s like someone in MAGA land got a copy of the Russian and Chinese intelligence services covert action plan to destroy America and they’re implementing it . www.ft.com/content/2dfa...

submitted 1 day ago • 22 comments

Considering one of the Eyes is rapidly going blind, might not be the worst thing for Canada:

submitted 1 day ago • 1 comment

Thanks Obama

submitted 1 day ago • 0 comments

Adorable that Musk thinks he can cut the US deficit by reducing government employment.

submitted 1 day ago • 0 comments

submitted 2 days ago • 1 comment

Reminiscent of this classic in the forecasts-are-folly genre:

submitted 2 days ago • 0 comments

At some point the Brits and the Europeans are going to realize that funding universities, funding defense, and getting away from the dollar all have the same solution: more debt.

submitted 3 days ago • 2 comments

Buoyed by Germany’s election outcome, the euro is pushing back through the 1.05 threshold that has proven so stubborn in recent months:

submitted 3 days ago • 0 comments

Catalogue of historical horrors. Fascism in January, modern colonialism in February, we should have the Inquisition by the Summer.

submitted 3 days ago • 2 comments

@brianromanchuk.bsky.social your FSB theory is gaining more credence by the minute.

submitted 5 days ago • 0 comments

The greatest trick the media ever pulled was convincing Americans that Donald Trump had "business acumen"

submitted 5 days ago • 2 comments

Canadians this morning:

submitted 5 days ago • 0 comments

This is the nightmare scenario for Canada and Mexico. If Trump is simply looking for the biggest denominator for revenue-raising (and I’m beginning to suspect he is), North American trading partners will get hit the hardest, despite all the attempts at sane-washing his motivations.

submitted 5 days ago • 3 comments

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

submitted 6 days ago • 3 comments

It’s no exaggeration to say that overweight Americans are a substantial reason Denmark will be able to mobilize massive public defence investments in the coming years. Funny how that works.

submitted 6 days ago • 4 comments

Two narratives about China's economy: - Macro weakness - Technological and industrial strength They're both true! How? The "new economy" is a small share of the overall economy. I discuss in a new RAND Commentary. www.rand.org/pubs/comment...

submitted 7 days ago • 1 comment

And as Gerd Gigerenzer showed after September 11, fear of flying can get people killed: pubmed.ncbi.nlm.nih.gov/15043650/

submitted 7 days ago • 0 comments

Neville Chamberlain, to do him justice, never amplified under his own byline Hitler's propaganda against the Czechs

submitted 7 days ago • 93 comments

When Queen Victoria’s mourning disrupted the "London Season" (elite marriage market), peer-commoner intermarriage rose by 40%, marital wealth sorting fell by 30%, and peers' political power declined as a result. www.aeaweb.org/articles?id=...

submitted 7 days ago • 2 comments

Olaf Scholz mocked British railways over “broken tracks and bad trains”, claiming that "nothing works any more” in the UK. Turns out: Germany rail problems have become so bad that Deutsche Bahn long-distance service is less punctual than even the worst operator in Britain. www.ft.com/content/d3b6...

submitted 8 days ago • 51 comments

Gives the lie to the notion that tariffs on Canada had something to do with fentanyl.

submitted 8 days ago • 0 comments

Profiteering conversion: A sudden and complete change in one's belief in free-market capitalism when an opportunity for personal gains is identified

submitted 8 days ago • 0 comments

My illegal Pinkerton is driving me to my illegal hotel while the hallucination machine in my phone summarizes the emails my coworkers wrote using their hallucination machines. My burrito travels separately in its own limo. This is innovation and normal.

submitted 8 days ago • 20 comments

The national mood

submitted 8 days ago • 0 comments

"Xi is making China’s trade partners and competitors pay for the government’s misplaced bet on real estate and its longer-term failure to strengthen the spending of Chinese households" - from Brad Setser (who, bafflingly, isn't here yet) NY Times: www.nytimes.com/2025/02/18/o...

submitted 8 days ago • 2 comments

Toronto looking a bit like a Sugimoto seascape this evening:

submitted 11 days ago • 0 comments

@chrisgiles.ft.com on why Mad King economic policy might not lead to a voter backlash www.ft.com/content/61ae...

submitted 12 days ago • 3 comments

"The US shouldn’t have stupid tariff policies just because other countries have stupid tariff policies." Reciprocal tariffs amount to outsourcing US tariff policy to other countries, @douglasirwin.bsky.social writes in @wsj.com. So much for deciding what’s in our own national interest.

submitted 12 days ago • 2 comments

You have to admit that going up against propositions that are true by definition is a bold intellectual move.

submitted 12 days ago • 20 comments