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susharma.bsky.social
Investor. Trader. Aspiring Economist. Practitioner of Technical Analysis. Photographer. Woodworker. Runner. @UMich. @BITSPilaniIndia. http://www.marketremarks.com https://marketremarks.substack.com/
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SPY to Naz. No higher high but been up since December. I hate this expression but that is Risk Off not Risk On.

Just bookmarking/timestamping this Torsten Slok commentary that dropped on inauguration day.

Stocks down big on LOWER yields is all you need to know. @cnbc.com

Government doesn't spend too much money, it spends far too little. MAGA doesn't want efficient government, they want government to do less. The response to DOGE isn't to demand some other kind of cut, it's to fight for public services themselves, and make sure they are robust at meeting public need.

www.washingtonpost.com/business/202...

A reminder that the US spent USD 0.35 out of USD 100 on Ukraine, the most major war in Europe since WW2. It’s just above Bulgaria which couldn’t fit in the screenshot. Anyone pretending Ukraine had a toll on the US is lying at worst and uninformed at best. www.statista.com/statistics/1...

Oh boy do I have the historical anecdote for this: late 1930s, the American Silver Shirts—initials, S.S., deliberately chosen, decided not to do the sieg heil, writing in their minutes that it was “too fascist”—with “too” underlined. Goldilocks fascism.

25 years ago today: Foo Fighters cut short a South American tour to play “Everlong” on David Letterman’s show, after the host returned from heart surgery. “My favorite band playing my favorite song,” he said. It was “special to me .. meaningful during my heart recovery.”

Week 5 🇺🇸

A 0.0 inflation (Republicans) over the next year would be a bigger problem than 5.1 inflation (Democrats). Unless we hit stagflation.

The surveys, they are broken

“.. even though Biden had a reputation for chilling M&A .., there were both a greater number of takeovers and a higher value of acquisitions .. during his time .. than there were in Trump’s first term — both on a total and an annual average basis.” @bloomberg.com www.bloomberg.com/news/newslet...

#GoldenAgeOfAmerica 🇺🇸

It's baaaack--"Take them seriously, don't take it literally." What a time to live--“If Trump is willing to blow up NATO, why wouldn’t he be willing to blow up the financial system?” But, but, but, he is a business genius, and his cabinet is full of financial geniuses.

"I do my own DD..."

Justice Dept. to Drop Discrimination Case Against Elon Musk’s SpaceX www.nytimes.com/2025/02/20/u...

@arditidpopolo.bsky.social for you

106 years ago this week, the US Army realized that it was hiring unqualified, uneducated, illiterate job candidates because of racial preferences… White men

When MAGA Meets Minsky open.substack.com/pub/paulkrug...

In 2024, the NLRB filed a complaint against Tesla for interfering in a union drive at their Buffalo, NY assembly plant. Today:

Welcome melancholy as a fleeting shadow, dancing through your soul like autumn leaves - but never give it the keys to make your heart its permanent dwelling. Gurdeep.org

Who knows if this is going to last, but I'm going to claim I thought something like this could happen for perfectly sound reasons.

Putting a face to what you read in the news. Until last Friday, I served our nation working as a Research Ecologist with the US Geological Survey (USGS). As a federal scientist, I provided robust, defensible information to support good decisions in natural resource management.

People who say the U.S. has never had gulags or programs are, once again, erasing Black people from American history.

calling what trump is doing in ukraine appeasement is excessively kind to trump and grotesquely unfair to chamberlain et al. for all his faults, chamberlain wasnt rooting for hitler.

When a colonel wrote to Gen. George Washington suggesting he make himself king— founders.archives.gov/documents/Wa... —Washington instantly shot it down. "I must view with abhorrence, and reprehend with severity" the idea, he wrote. founders.archives.gov/documents/Wa... *This* is the American way.

Inital claims are 23K above where they were this week last year & in headcount terms slightly above recent nonrecession years (1st chart), but normalized to employment levels still below recent years (2nd). Continuing claims are about 100K above last year, but that was the spread at year start. 1/2

www.theguardian.com/sport/commen...

The DOGE firings have nothing to do with “efficiency” or “cutting waste.” They’re a direct push to weaken federal agencies perceived as liberal. This was evident from the start, and now the data confirms it: targeted agencies overwhelmingly those seen as more left-leaning. 🧵⬇️

All my life I have studied democratization and autocratization. My 1st field trip was to newly democratic Argentina. I then added autocracies to my portfolio: Cuba, Ven, etc. I think I can recognize the stages of transition to authoritarianism. Here are the boxes Trump has already checked off.

European Parliament member 👇🏽

One of the leading scholars of democracy is struggling to process what is happening just like everyone else: "Is democracy dying in the United States?"

New—Social Security Administration (SSA) Commissioner stepped down bc she wouldn't comply w/ DOGE. Lower-level staffer Leland Dudek replaced her. In a now-deleted LinkedIn post (pre-promotion) shared w/ me, he said he was placed on admin leave bc he "circumvented the chain of command" to help DOGE.

Facts: Ukraine did not start the war with Russia EU nations have provided as much or more support than the US for Ukraine Zelensky is much more popular in Ukraine than Trump is in the US Putin is a war criminal, the ICJ says

This post will be quoted everywhere, and I hope journalists will remember to fact check the numbers. U.S. didn't even spend half the amount that Trump claims, and in fact Europe spent more than U.S.