"Without immigration... New York would not be New York,”
@byjustinfox.bsky.social
continues.

"The city’s most troubled era in living memory, and possibly ever, came after immigrants fell to just 18.2% of the population in 1970."

Folks like Stephen Miller and Matt Walsh have figured out that NYC has a lot of immigrants, and they apparently think that’s somehow bad or un-American.

"Their insinuation that this is something new is, however, ridiculous." - @byjustinfox.bsky.social

www.bloomberg.com/opinion/arti...

YouTube video by bathoshue Bill Frisell ~ Surfer Girl

Love this Brian Wilson tribute from Bill Frisell. Music so good it transcends time and genre.

www.youtube.com/watch?v=yO2C...

College Grads Are Lab Rats in the Great AI Experiment Those who can get a job are finding AI has taken their grunt work.

Do AI tools deprive young workers of development opportunities?

"The young accountant, for instance, might be saving time, but he’s also missing out on the practice of spotting something fishy in raw data," @parmy.bsky.social writes

www.bloomberg.com/opinion/arti...

Biden’s Parting Gift to Retirees Is Boosting the Economy A record Social Security expansion is behind the resilience in incomes and spending.

We're witnessing a massive near-term expansion of Social Security, and I think it's having an effect on macro data.

www.bloomberg.com/opinion/arti...

Tariff Chaos and Fiscal Ineptitude Are a Bad Economic Recipe The European Union and Apple aren’t the only victims in this latest round of Trump’s trade war.

Waller outlined a path to lower rates in the second half (more trade policy certainty), but Trump basically decided not to take it.

www.bloomberg.com/opinion/arti...

The Fiscal Tantrum is about to meet the Tariff Tantrum

The administration is really committed to this vision of Americans screwing in little screws.

Citadel Lobbies for Four-Year Non-Competes in Home State of Florida Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow four-year non-compete clauses and garden leaves in its home state, tightening employers’ hold on well-paid staffe...

"Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow four-year non-compete clauses and garden leaves in its home state, tightening employers’ hold on well-paid staffers and executives considering defection."

www.bloomberg.com/news/article...

The Great Productivity Boom Is Taking a Break US labor productivity fell last quarter for the first time since 2022. The benefits of AI still lie ahead, but we need to get through tariffs first.

"While the UK’s elimination of many NTBs will help a lot of US exporters, the primary beneficiaries will be UK residents. Now maybe Trump can get the EU to finally carry out the regulatory reform it so desperately needs." - Allison Schrager

www.bloomberg.com/opinion/arti...

Trump Announces a UK Trade ‘Deal’ About Nothing The White House made no mention of how the framework met the objectives of raising revenue or reshoring manufacturing.

SEINFELDIAN DEALMAKING: "Watching President Donald Trump reveal in the Oval Office what he described as `a tremendous trade deal' with the UK reminded me of the 1990s sitcom Seinfeld, the show that was literally about nothing." @bobburgess.bsky.social

www.bloomberg.com/opinion/arti...

The Great Productivity Boom Is Taking a Break US labor productivity fell last quarter for the first time since 2022. The benefits of AI still lie ahead, but we need to get through tariffs first.

The Great Productivity Boom isn't over ... it's taking a break though. Maybe a longish break.

www.bloomberg.com/opinion/arti...

The Value-Added Tax Should Be Having Its Moment A national consumption levy could address what fiscally ails the US and finally be politically palatable.

The US has a gaping fiscal deficit, and no one seems serious about addressing it.

It's time to have a conversation about a VAT for America, writes @byjustinfox.bsky.social

www.bloomberg.com/opinion/arti...

Buffett's Astonishing Track Record in Five Charts Over six decades of investing, he left peers and the S&P 500 in the dust.

“The six-decade track record [Buffett] leaves behind is so astonishing that mere numbers on a page don’t do it justice.” @nirkaissar.bsky.social

www.bloomberg.com/opinion/arti...

YouTube video by Bloomberg Opinion Five lessons from Warren Buffett: The philosopher king of investing

Kaissar on Buffett youtube.com/shorts/Is74L...

Will there ever be a better investor than Warren Buffett?

Join @timobrien.bsky.social, @jonathanjlevin.bsky.social and Allison Schrager for a Live Q&A: Monday, 12:15pm EDT bloom.bg/3EO1Bqe

Warren Buffett, Investing’s Philosopher King The Oracle of Omaha plans to step down at Berkshire Hathaway. But his legacy will echo across markets for generations.

The Oracle of Omaha plans to step down at Berkshire Hathaway.

But his legacy will echo across markets for generations, says @nirkaissar.bsky.social

This Meet the Press interview is a wake-up call for investors who expect Trump to meaningfully walk back tariffs soon.

He still deeply believes in this stuff.

Here’s what the tomato teaches us about free trade 🍅

Canada Escaped a Trump Trap, But Carney's Boxed In He’ll need to keep everybody happy with higher spending to survive, and forget compromise.

“The fact that the display of Ugly Americanism provoked quite such a reaction in the famously easygoing Canadians provides a clue as to how other countries are likely to respond to rising tariffs.” @johnauthers.bsky.social

www.bloomberg.com/opinion/news...

What If Bureaucracy Is… Good? Jamie Dimon, Elon Musk and the rest of the efficiency hive are missing the power of structure and processes.

“While bureaucracy has evolved into a pejorative term used to describe complicated and pointless administrative procedures, bureaucracy is, at its core, an administrative system and way of organizing.” @bethkowitt.bsky.social

www.bloomberg.com/opinion/arti...

Has the propensity for US natural gas to drop toward $2 per million BTUs after visiting $4 changed? With crude oil facing rising supply excesses and macroeconomic headwinds, if gas does what's been normal since 2012, deflation would gain traction as the primary energy sector path.

Only in America — 100 Days of the Anti-Reagan How Trump 2.0 is stacking up against other presidents — and even Churchill.

How's Trump 2.0 going at 100 days?

"The DXY dollar index... has given up almost 10%. This is by some way a record in the five decades since Richard Nixon unpegged the dollar from gold in 1971." - @johnauthers.bsky.social

www.bloomberg.com/opinion/news...

China Is the Wrong Model for the US Economy The Chinese economic experiment shows that there are diminishing returns to a planned economy.

"There is a plausible argument that in recent years China has had more influence over US economic policy than the other way around. That’s unfortunate... because the US model was already working pretty well." - Allison Schrager

www.bloomberg.com/opinion/arti...

Here’s Why the President Keeps Ignoring the Law Trump knows he’s unlikely to face consequences. And he has enablers.

"When a president doesn’t want to follow the law himself, there are supposed to be internal institutional checks to make him do so. One is the Office of Legal Counsel of the Department of Justice." -@noahfeldman

www.bloomberg.com/opinion/arti...

A Recession Really Would Be Different for Banks This Time Lenders mostly made the economic calamities of the recent past worse, but are now in a position of relative strength as a downturn looms.

"Although banks would prefer the healthier economic environment they envisioned coming into the year, they're in a strong position to wait out the turmoil and stand ready to support the economy... whenever this storm ends." - @conorsen.bsky.social

www.bloomberg.com/opinion/arti...

We Need to Talk About Kevin (and Jerome) Powell survives, there’s an obvious successor, and Trump’s drama was pointless.

"[Trump] should get no credit just for not doing something incredibly stupid. But it’s reassuring that the people who advise him seem to have been persuasive that provoking an unnecessary crisis would have been a bad idea." - @johnauthers.bsky.social

www.bloomberg.com/opinion/news...

This Is What President Biden's CHIPS Office Actually Did Podcast Episode · Odd Lots · 04/23/2025 · 44m

NEW ODD LOTS: What actually happened with the CHIPS Act

@tracyalloway.bsky.social and I spoke to @hassankhan.bsky.social who recently left the CHIPS Office, and who graciously shared the ups and downs of his experience.

podcasts.apple.com/us/podcast/t...

The Golden Age of Manufacturing is off to a rough start

Say ‘You’re Fired’ and Watch What Happens Sacking Powell now could trigger an epic financial crisis. Best to wait for his term to end.

"...Firing Powell will require either a change in the law governing the Fed’s relationship to the executive, or a big stretch of the concept of “cause.” @johnauthers.bsky.social

www.bloomberg.com/opinion/news...