The Revision Heard ’Round the World The quality of jobs statistics was already a problem before Trump drew attention to it.

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Opinion | @johnauthers.bsky.social , Columnist

The Revision Heard ’Round the World

The quality of jobs statistics was already a problem before Trump drew attention to it.
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com

Hyperscaler AI capex has been “phenomenal” — but most of it “is to buy AI chips from Nvidia.”

“.. Investment in tech-related construction (for data centers and so on)” has actually declined slightly in the last few months.

@johnauthers.bsky.social
www.bloomberg.com/opinion/news...

Since April, back to the old playbook.

Via @johnauthers.bsky.social.

‘Investment in tech-related construction (for data centers and so on) has declined slightly in the last few months.’ www.bloomberg.com/opinion/news... via @peterberezin.bsky.social @johnauthers.bsky.social

Bananafication Is the New Exceptionalism The critical variable to limit the damage may be Trump’s shift on defense policy.

‘If the rest of the world has a strategy (as opposed to a lack of will for the fight), it is to give Trump what he wants in return for retaining his military support, and wait for protectionism to blow up in his face.’ www.bloomberg.com/opinion/news... by @johnauthers.bsky.social

Job Description — Find Better Numbers, or Else Shooting the messenger further threatens US centrality to the world economy.

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Opinion Newsletter | @johnauthers.bsky.social , Columnist
Job Description — Find Better Numbers, or Else

Shooting the messenger further threatens US centrality to the world economy.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

How seriously should you take Trump's firing of the head of the BLS?

@johnauthers.bsky.social says this further threatens US centrality to the world economy 🎥

AUTHERS: “.. Companies got out of the habit of responding to government surveys in 2020 when the pandemic gave them more important things to do, and it’s proved habit-forming. .. so it’s not surprising that the numbers need revisions.”

@johnauthers.bsky.social
www.bloomberg.com/opinion/news...

Your Tariffs Are in the Mail, Sealed With a Diss There’s still a lot of drama left for trading partners who haven’t received letters yet.

Opinion Newsletter | @johnauthers.bsky.social , Columnist

Your Tariffs Are in the Mail, Sealed With a Diss

There’s still a lot of drama left for trading partners who haven’t received letters yet.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

Independence Is the Worst Form of Central Banking Except for all the others. Trump needs to get out of the way.

Opinion | @johnauthers.bsky.social , Columnist

Independence Is the Worst Form of Central Banking

Except for all the others. Trump needs to get out of the way.
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com

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If Anyone Needs Independence Day, It's the Fed

Lighten up the pressure on Powell. Trump has a point on lower rates, but not 1%.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

MAGA Doesn’t Mean Making Profits Great Again Big Business and Trump’s populists are waking up to the fact they dislike each other.

Opinion
@johnauthers.bsky.social , Columnist
MAGA Doesn’t Mean Making Profits Great Again

Big Business and Trump’s populists are waking up to the fact they dislike each other.
www.bloomberg.com/opinion/arti... via @bloomberg.com

There’s Another Ceasefire That’s Ticking Whatever Trump does on July 8, at least some tariffs are here to stay.

@johnauthers.bsky.social on tariffs chess game. The key is budget reconciliation. Free link
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Trump Doesn’t Always Chicken Out If there’s a model for hope now, it may lie in how quickly the 1991 Gulf War ended.

Opinion Newsletter | @johnauthers.bsky.social , Columnist

Trump Doesn’t Always Chicken Out

If there’s a model for hope now, it may lie in how quickly the 1991 Gulf War ended.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

How Destabilizing Is Israel’s War With Iran? In this week’s episode of Everybody’s Business, we discuss the conflict’s implications for the world at large, including the global economy.

big ep this week -- @svaneksmith.bsky.social and i talk to the great @greenwell.bsky.social about her new book and @johnauthers.bsky.social on Israel, Iran, and the markets www.bloomberg.com/news/article...

Sorry your point is?

A great look at how Spain has become “the antithesis of America” — and a significant irritant to its global policy ambitions. 🇪🇸

@opinion.bloomberg.com
@johnauthers.bsky.social
www.bloomberg.com/opinion/arti...

#Fed Funds rate cut odds:
#traders are more worried about growth than the Fed officials are, chart @johnauthers.bsky.social

Making Oil Gyrate Again, One Post at a Time Raising the stakes to direct intervention and regime change is driving the price higher.

Opinion Newsletter | @johnauthers.bsky.social , Columnist

Making Oil Gyrate Again, One Post at a Time

Raising the stakes to direct intervention and regime change is driving the price higher.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

Opinion Newsletter | @johnauthers.bsky.social Richard Abbey and Carolyn Silverman

The US Is Exceptional — When It Comes to Rates

|The Fed is expected to maintain its pause as the gap widens with other central banks.
www.bloomberg.com/opinion/news... @opinion.bloomberg.com

A Day in a Life Without Immigrants How removing Mexicans from California’s economy changed from being a joke to something serious.

Opinion | @johnauthers.bsky.social - Columnist

A Day in a Life Without Immigrants

How removing Mexicans from California’s economy changed from being a joke to something serious.

www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com

This will be worth reading:

Middle East upheaval comes at a bad time for the global economy This latest instability is stagflationary and may add to the erosion of the US-led economic order

The Middle East upheaval is stagflationary and may add to the erosion of the US-led economic order - reaction from @elerianm.bsky.social to Israel's strikes on Iran www.ft.com/content/32cd...

Waiting for the Fed All Summer Long Inflation is still lurking, and there’s little point getting out too far in front of tariffs.

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Waiting for the Fed All Summer Long

Inflation is still lurking, and there’s little point getting out too far in front of tariffs.

www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

It’s Never Too Early to Start a Trump Account A $1,000 investment fund for kids, untouchable until they reach 18, is a worthy idea.

Opinion Newsletter| @johnauthers.bsky.social , Columnist
It’s Never Too Early to Start a Trump Account

A $1,000 investment fund for kids, untouchable until they reach 18, is a worthy idea.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com

#FX
#Fed’s own estimate of the #real effective exchange rate (taking into account different rates of #inflation in different countries) suggests the #dollar is unusually strong, chart @johnauthers.bsky.social

If You Want Power, Turn Every Page Politicians in Washington have a lot to learn from Al Smith and Bob Moses.

This is my latest weekend column, on how whoever drafted the One Big Beautiful Bill seems to have read The Power Broker. Hope it's of interest: www.bloomberg.com/opinion/arti...

If You Want Power, Turn Every Page Politicians in Washington have a lot to learn from Al Smith and Bob Moses.

Outstanding @johnauthers.bsky.social. Like a Bob Moses, Johnson said that passing the 1000 pgs Big Beautiful Bill no one read in the middle of the night was like "crossing the Grand Canyon on a floss glide". 899 and 70302 alone destroy the US we know. free link www.bloomberg.com/opinion/arti...

'Oxford Economics' index of the strength of economic activity suggests Fed officers are more negative than they have ever been outside of official recessions.' www.bloomberg.com/opinion/news... via @johnauthers.bsky.social

EasyB Is Widening the Transatlantic Valuation Gap Euro-zone inflation paves the way for an ECB rate cut. That will further support European equities.

Latest Points of Return: I hope it's of interest:
www.bloomberg.com/opinion/news...