SPQR

“We’re stepping into the most pro-growth, pro-business, pro-American administration I’ve perhaps seen in my adult lifetime,” gushed the hedge fund manager Bill Ackman in December...

“You don’t get fired for being bullish, but you do get fired for being bearish on Wall Street,” said Berezin.
#finance #trade #tariffs #macroeconomics #Trumpism #collapse #psychology #groupthink #rationality #biases #logic #reasoning
nytimes.com/2025/04/07/opinion

Opinion | Why Did Wall Street Get Trump So Wrong?

Wall Street mistook demagoguery for wisdom.

The New York Times
Apr 09, 2025, 02:51 · · · 1 · 0
Andii אַנדִֽי

3/ "...The banking system ... uses government bonds to operate what is called the overnight banking market,...without the existence of government bonds ... the very large-scale banking operations that are run by the City of London on behalf of the UK's largest companies simply could not work... if you do not want to pay excessive tax, and if you want to have functioning pension funds, life insurance companies and banks, you really, really do not want government debt to be repaid"
#macroeconomics

SPQR

The three worst presidents in US history (Herbert Hoover, George W. Bush, and Donald Trump) were all hailed for their business background and skills. Time to retire the trope that businessmen know anything about running nation states.
#economics #depression #recession #collapse #macroeconomics #USpolitics #leadership #vandals #nihilism
washingtonpost.com/politics/20

Inside President Trump’s whirlwind decision to upend global trade

Why did Trump impose tariffs? Inside the advice that…

The Washington Post
Power_to_the_People (he/him)

@DGI CRUCIAL economic insight! Hadn't realized Graeber knew it, although of course I should have!
Thanks for posting this!

#GovernmentDeficitEqualsPrivateAsset #DoubleEntryBookkeeping #BalanceSheet #Macroeconomics #MMT #MMTandBeyond

3xfactorial

This week at #WorkshopsForUkraine: Introduction to Empirical #Macroeconomics with #R #Rstats, by Xiaolei (Adam) Wang, University of Melbourne, Thursday March 20th, 2 pm CET (note non-standard time). Register or sponsor a place for a student by donating to support #Ukraine. Details: sites.google.com/view/dariia-m

Bytes Europe

Poland’s inflation surprises to the downside as odds of rate cuts rise byteseu.com/830654/ #CPI #Inflation #macroeconomics #Poland

SPQR

Where are all the loud mouth "F*uk your feelings" yahoos now? Eat sh!t fascists.

"The U.S. stock market was headed for one of its worst weeks in months on Friday after the series of dizzying policy shifts on tariffs from the White House. The S&P 500 was on course for its third consecutive week of losses and its worst week since September."
#Trump #collapse #recession #depression #trade #tariffs #economics #macroeconomics
nytimes.com/2025/03/07/us/poli

Trump Bows to Economic Reality With Tariff Delays and Exemptions

With prices still high, the Trump administration is…

The New York Times
SPQR

I was scanning the Economist's "Economy" pages and articles. Everywhere is in free fall: America, Canada, UK, Europe, China, Russia. There are no positive signs and that is only 50-days into Mango Mussolini's mad drive to destroy American hegemony.

There is a price to ignorance and substituting competency and wisdom with bombast and perfidy.
#macroeconomics #economics #trade #depression #recession #inflation #politics
economist.com/finance-and-econ

Trump’s tariffs are worse than anyone imagined

Even his concessions are less generous than expected

The Economist