Garros Gong

#econsky

This #inflation breakdown is more telling than Canada’s October headline:

1. #Lowest-income: 2.5%.

2. #Renters' highest: 2.8%.

3. #Singles 2.4%, #singleparents 2.1%.

4. #Mortgage-free owners lowest: 1.8%.

Wonder if the #US has a similar inflation breakdown data?

Opinion: Our universities need to ditch DEI and get back to merit and excellence Led by federal granting agencies, schools strayed from their core mission to focus on ideology and identity. It has been a disaster. Read on

Rethinking #DEI in #Universities

I agree that reducing bias matters, but it should not narrow who can compete. Universities thrive when merit and excellence lead.

Mikko Packalen's piece is a valuable read. This is about mission and standards, not left vs right.

financialpost.com/opinion/opin...

#econsky

Three Overhyped #USEconomy Narratives

1️⃣ AI matters, but its GDP boost is overstated

2️⃣ #Unemployment is rising for broader reasons than #AI

3️⃣ Spending is not just driven by the rich.

Markets often cling to one grand narrative, but risk usually hides in what that narrative leaves out.

GeorgeDaGreat123's comment on "[OC] I analyzed 15 years of comments on r/relationship_advice" Explore this conversation and more from the dataisbeautiful community

Source: www.reddit.com/r/dataisbeau...

#econsky

Over the past fifteen years, #Reddit’s #relationship advice has increasingly leaned toward:

• Breakups
• Boundary-setting
• Therapy

Notably, #breakup advice spiked after 2020 (pandemic) and 2023 (ChatGPT's rise). Is this progress or emotional withdrawal?

#econsky

#CBS puts an #anti-woke voice in charge

CBS spent $150M on The Free Press and made founder Bari Weiss report to the CEO.

Seen as a media coup, execs call it trust rebuilding, critics call it political appeasement.

My take? The real risk is #journalism becoming a political tool. You?

#econsky

Is this the end of the #officejob?

From 2002 to 2024, office and admin roles dropped from 18% to 12% of #USjobs as #manufacturing shrank.

Rising fast: logistics, food service, healthcare, and tech.

The losers? Repetitive, middle-skill jobs.

The office is being automated. #AI

#econsky

The #AI bottleneck isn’t GPUs

Recent think tank reports share a consensus: America’s aging grid is the real constraint in global AI competition.

In contrast, China’s power grid system is far more advanced, giving it a structural advantage that may outlast the chip race.

In #China, #farming is dominated by smallholder households rather than collective farms, and the income is extremely low. On average, farming one acre brings only about 1,300 yuan a year after costs, even in a good harvest.

#econsky

Do you know why #madeInChina goods can sell so cheaply?

Answer: If it earns more than farming, it’s a good biz. A factory makes screwdrivers at 1.2 yuan but sells them at 1.

Why sell at a loss? B/c another 0.6 yuan profit comes from the shipping box, there’s still a margin left.

#econsky

A rare social observation from mathematician Terence Tao, and his theory is basically the cyberpunk plot: society shifting from a balanced olive to a brittle dumbbell.

A decentralized counter-movement is rising. The endgame: #PlatformFeudalism or a #DecentralizedRenaissance?

#econsky

What Does #Consulting Actually Do for Firms?

New #NBER paper shows consulting boosts firm productivity by 3.6% and wages by 2.7%.

Both top and struggling firms hire consultants, but low performers benefit more. Gains come from restructuring, not #rentshifting.

#econsky

Today’s Masterpiece: #Trump Visits the Fed’s Renovation Project Tour

#Powell sticks out his tongue. Trump pats his shoulder.

A moment best left to facial expression analysts to decode.

FYI.

Norway Wealth Fund Chief Tells Staff That Using AI Is a Must Chief Executive Officer Nicolai Tangen sees no future at Norway’s $1.8 trillion sovereign wealth fund for employees who resist using artificial intelligence in their jobs.

From BBG: www.bloomberg.com/news/article...

#econsky

Norway’s $2T wealth fund used #generativeAI for a year: 213k analyst hours saved, productivity +20%.

• NL queries on Snowflake turn complex data pulls into seconds
• AI automated earnings calls in real time for faster coverage
• Hidden Behavioral biases are detected, protecting returns

Exclusive | Jeffrey Epstein’s Friends Sent Him Bawdy Letters for a 50th Birthday Album. One Was From Donald Trump. The leather-bound book was compiled by Ghislaine Maxwell. The president says the letter ‘is a fake thing.’

www.wsj.com/politics/tru...

JUST IN: White House reportedly pressured media to kill a WSJ story. What’s in it?

Trump’s 2003 letter in #Epstein’s birthday album was typed inside a nude sketch. Ended: “Happy Birthday, may every day be another wonderful secret.”

#Trump denies it and vows to sue WSJ.

#econsky

Interesting Chart Interpretation:

1. Do Markets Value #FedIndependence? An Event Study Gives A Yes Answer.

2. Is This a Playbook for #Event-DrivenStrategy? Enter on shock, exit on reversal. Profit from pricing the policy signal faster than the market.

#econsky

U.S. June #Inflation: Warning Signs

1. Data distortion worsens: Imputation accounts for 35%, seasonal factors at 25-year lows.

2. Tariff effects emerge: Import-heavy goods show broad price acceleration.

#Fed misreading risk rises amid distorted data and #politicalpressure.

#econsky

The Art of #Investing

Saw a chart today. It looks dramatic, but the lesson is simple.

A speculator thinks: “Missed the 10,000% rebound. What a loss.”

An investor thinks: “If a stock drops 99%, it needs ~10,000% to break even.”

Remember: losses grow linear, recovery grows exponential.

#econsky

I’m neither bearish on the #US nor convinced that #Canada is hopeless. The next 3 years will be hard, but Canada is on the right track. The five new corridor strategies lay the groundwork for long-term growth. What’s missing is execution.

The Titanic Exhibition has finally arrived in Toronto. Got to revisit iconic movie scenes and even feel how cold the North Atlantic really was.

#TitanicExhibition #TorontoEvents #Titanic

#econsky

The most Trump-style bill yet, the #OneBigBeautifulBill, just passed the Senate 51–50.

Even by CBO’s own estimates, this isn’t a policy with clear upside. It’s a high-cost experiment in trickle-down economics. I’ve put together a summary of key #CBO data and #market consensus.

#econsky

💡Think you need a $30,000 Bloomberg Terminal for serious financial analysis? Think again.

📄 I made a one-page guide on using #PerplexityAI in #finance, from reading PDFs and market data to doing #DCF and 10-Ks. It includes real prompts and practical use cases.

Tried it yourself?

Is China Really Growing at 5 Percent? The Federal Reserve Board of Governors in Washington DC.

Full note: doi.org/10.17016/238...

#econsky

Is China Really Growing at 5%?

Since COVID, trust in #ChinaGDP data has weakened as transparency has declined.

A recent #Fed note applies an alternative GDP using high-frequency activity data. It finds recent GDP figures align with the alternative GDP estimate at around 5%.

#econsky

What You’re Missing in the #US May #CPI Report

1. Seasonal adjustment distortion: Unadjusted data showed no real decline.

2. Heavy use of imputation: Over 30% of April’s CPI basket was imputed due to #BLS budget cuts. This heavy reliance on estimates raises reliability concerns.

#econsky

🌍 Next Week’s #Macro Watch (6.9–6.13)

Markets eye May #CPI for tariff impact, #BCRP's rate call post-low inflation, and key China, India, Norway & LatAm #inflation prints for policy cues. Trade tensions & data quality concerns shape the outlook.

Stay tuned for my weekly brief.

#econsky

🌍 Next Week’s Macro Watch (6.2–6.6)

Markets await June 7 US #nonfarmpayroll for wage signals, #BoC’s rate call amid housing heat, and #CPI data from Europe, Singapore, and Indonesia for policy cues. Divergence remains the global theme.

Stay tuned for my weekly brief.