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winschel.bsky.social
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THREAD: The Trump administration's DOJ has removed a study from the NIJ website that found that immigrants, and particularly undocumented immigrants, commit crimes at significantly lower rates than U.S. citizens. The study is at odds with the Trump regime's propaganda about immigrants & crime. (1)

plus one

Trump: They don’t have the cards. China: … @nytimes.com www.nytimes.com/2025/04/13/b...

WSJ Editorial page welcome to the resistance?

It’s moments like these when we might consider it relevant that the current FBI director who might be charged with investigating this crime appeared eight times on the podcast of Stew Peters, a Christian Nationalist who recently called for a “final solution” to America’s “Jewish problem.”

This is basically conceding that the executive branch is sentencing random people to death with no due process or ability to reverse an error

State media watch. What is happening to our democracy right in front of our eyes.

New from me at Cato: Trump's penalty orders have taken a scary new turn, selecting targets for having taken a stand on behalf of the integrity of the U.S. election system, and ordering the Dept. of Justice to investigate an evidently innocent man, Chris Krebs. /1 www.cato.org/blog/new-rev...

When your new president is doing great

If you find talk of bond and forex markets hard to track, this graph does an amazing job illustrating what's going on.

Gold - up $37, dollar is crashing

“We have a strong dollar policy and we are putting in all of the necessary ingredients to make sure the dollar is strong over the long run,” -Treasury Secretary Scott Bessent 8 days ago $DXY

GS: Buybacks at risk? Corporate executives and officers have stopped buying their own shares (via @mikezaccardi.bsky.social)

🇺🇸U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.

PANTHEON MACRO: “.. Consumers have spiraled from anxious to petrified. The expectations index, which dropped to 47.2 — its lowest level since May 1980 — from 54.2, now is consistent with zero growth in households’ real expenditure in Q2.”

* Jamie Dimon Says National Security Concerns Outweigh Economic Fears -- WSJ $JPM @wsj.com

The dollar is not doing well against other currencies. The GOP did this.

Looks like Trump's next move to distract from the tariff chaos is war with Iran

Federal spending is *up* under Trump according to the Wall Street Journal. Chaos is not actually the same as cost savings. Actual budgeting is a kind of actual policy-making and takes real work spread over real time. Running around breaking stuff isn't that. www.wsj.com/politics/pol...

TIPS market is suggesting that we're seeing liquidity issues, not a structural shift in demand for UST. Similar dislocations happened in the GFC and COVID shock; less-liquid TIPS get hit harder on big market dislocations. Not *good*...but high vol outcomes <> the end of it all.

The🌎economy is in a crisis, & yet the dollar is falling. Investors are turning up their noses at US debt, instead snapping up gold & German bunds as "safe assets" The Trump admin's policies are, to borrow from Bob Gilpin, tarnishing the "prestige" of the US economy & the 💵🧵1/

Remember JD Vance's birth certificate states his name as James Donald Bowman. Does this mean he can't vote? Or does the SAVE Act just target the female population?

Horrendous: *UMICH PRELIM APRIL CONSUMER SENTIMENT FALLS TO 50.8; EST 53.8 *UMICH YR-AHEAD EXPECTED INFLATION AT 6.7%, HIGHEST SINCE 1981

US yields are rising sharply versus other advanced countries. That rise in US - foreign rate differentials (blue) should lift the Dollar, but it isn't. This is inviting lots of speculation that a "fiscal" or "policy chaos" risk premium is building, which is becoming harder and harder to refute...

The European Union and China are now starting negotiations to abolish EU tariffs on Chinese electric vehicles. This is a major strategic failure for the United States.

I'm 125% sure this isn't going to end well

If the US government requires passports for you to practice your rights such as voting then passports should be provided for free to all and within a reasonable timeframe by said government.

VERY bad

This is how Kaganovich talked about Stalin.

They are obviously slow learners

My family got these payments when my dad died at 34 years old after serving in the Navy for a decade from what he had paid in. I was five. Jeanine is an incurious ignoramus. Thanks @jessicatarlov.bsky.social for correcting her, which is God’s work.

The dollar crashing is great news for all of us Brits who've found the US unaffordable since Brexit, except when we try to visit we're going to be turned away at the border because we liked a tweet saying slavery was bad

EVERCORE: “.. This is not about stagflation: inflation break-evens have fallen. .. “.. It reflects evaporating US growth exceptionalism and the reduced attraction at the margin of dollar assets for reserve purposes amid erratic US decision-making. @nicktimiraos.bsky.social

"No one, apparently, is willing to prevent a single man from destroying the world economy, wrecking financial markets, forcing this country and other countries into recession if that’s what he feels like doing when he gets up tomorrow morning" www.theatlantic.com/politics/arc...

If it weren't for the tariffs, this would be one of the biggest stories right now.

Law firms if you make a deal with this man keep in mind that you’re also signing up for him to publicly humiliate you like this every few days

terrifying

the basic problem facing american democracy is that one party has decided it wants a king and will hand over as much authority as is necessary to make that happen