places i miss burn while i miss them.
baby bskypost script grown up to parse and support URL and mention "facets" (that turns them into links in the post) github.com/swaldman/sca...
what if we did a *reverse* merger? we could sell ourselves to Denmark for, like, $1, then we'd have Greenland AND a civilized state.
when the US government finally realizes it has to arrange mass construction of new housing for climate refugees, my dream is @holz-bau.bsky.social leads the agency.
Europe has Ukraine as a bulwark to the east, and Greenland as a bulwark to the west.
i thought COVID would bring us together. i mean, it was the closest thing to an Independence Day, aliens-invade-Earth kind of scenario.
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"When tariffs are moderate and are used to complement a domestic investment agenda, they need not cause much harm; they can even be useful. When they are indiscriminate and are not supported by purposeful policies at home, they do considerable damage—and more so at home than for trade partners."
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(caught this from Tim Bray on Mastodon, just pulled the exact same quote! great minds, or sick ones.)
"This is the baseline of everything to do with social media. You can’t really keep up with the all the bad things people do within the business model. Period. End of story. " #JoshMarshall talkingpointsmemo.com/edblog/the-e... inherently destructive bizmodel only survives bc Sec 230 too categorical
Josh Marshall is @joshtpm.bsky.social here. (I forgot to update to the mention when crossposting here. Sorry!)
the main practitioners of post-materialist politics are a few heads of state, who are making territorial conquest great again because they are bored of stable maps and miss the glory of conquest.
yes. got that. but then why so strong a dollar? so far the best explanation i’ve gotten is markets expect inflationary shit, but the Fed is expected to crush it with interest rates, so the inflation won’t actually happen, just the yummy-to-foreign-investors high rates.
so markets predicting the Fed will force MAGA to eat its vegetables.
ok, so PCE sensitive to more profligate fiscal provokes higher future ST yields, geometric-averages into higher LT rates. FX market suggesting limited inflation. so basically the synthesis is expectation of a successfully hawkish Fed. 1/
how? they are after all cutting, albeit a bit more slowly than one might have predicted a few months ago. have they been jawboning the dollar up? are high long-term yields due to accelerated QT?
it’s just hard to reconcile the FX market and the bond market right now.
crazy like a fox taking on a whole new meaning.
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if the yield curve is foreseeing a US-specific Trump inflation while the dollar is sharply strengthening, that’s predicting a heck of a strengthening in the “real exchange rate”, US wages and salaries super high in FX terms, not so great for reindustrialization. 1/