Marco

bsky.app/profile/eler... Mostly🆕Investments have so far🫴🏽GDP〰️.
Over time"Depreciation*will 🫳🏽earnings📉. Given💻AI is predominantly"Investment in Intangible Assets"to🫴🏽 productivity(↔️🫴🏽 output 📈),"Capacity Utilization "〽️➡️🆕Revenue stream

Good morning.
Why we need to look beyond prices: Thoughts on why the affordability squeeze is about a lot more than prices. It is also about multiple dimensions of income, including absolute and relative, real and perceived, and current and future.
www.ft.com/content/88b0...
#economy #affordability

YouTube video by One Decision Will AI Upend The Global Economy? | One Decision

The link to the "One Decision" conversation with Kate McCann and Sir Richard Dearlove:
www.youtube.com/watch?v=CGZO...
#economy #markets #trade #AI

bsky.app/profile/eler... As per👆🏽 @elerianm.bsky.social ,💻 investment Expenditures hasn't hit earnings yet;since this is now"Capitalized"🔛"Balance Sheet"!🔜"Depreciation Expense"⤴️will🫳🏽"earnings"📉; especially since"Capacity Utilization"〽️ recently➡️🏭investment into💻AI🫴🏽production📈is unlikely.

In this episode, we sit down with Bob Elliott for a wide-ranging conversation about the late-cycle economic backdrop, the Fed’s dilemma, AI’s real economic impact, the cracks forming beneath the… $1 Trillion AI Bet. $10 Billion in Profits | Bob Elliott on the AI Income That Isn’t Coming

On the Excess returns pod this week we explored the simple macro question no AI techno optimist can answer well: "who will replace the spending if AI results in layoffs?"

Great to catch up Justin Carbonneau and Jack Forehand:

youtu.be/ygF4Nv01Thk?...

Only 51% of S&P 500 stocks are currently trading above their 200-day moving average, the worst market breadth in 5 months 🤯👀

WOW,👍🏽

THIS IS OUR MOMENT • NY WFP 101 · New York Working Families Party ## **THIS IS OUR MOMENT, NEW YORK!** ### **JOIN US** on Wednesday, Nov 19th for a mass call covering how YOU can be a part of our long-term strategy to build power for working people. Our historic...

I'm attending New York Working Families Party's event, “THIS IS OUR MOMENT • NY WFP 101” - sign up now to join me! www.mobilize.us/ny-wfp/event...

THIS IS OUR MOMENT • NY WFP 101 · New York Working Families Party ## **THIS IS OUR MOMENT, NEW YORK!** ### **JOIN US** on Wednesday, Nov 19th for a mass call covering how YOU can be a part of our long-term strategy to build power for working people. Our historic...

I'm attending New York Working Families Party's event, “THIS IS OUR MOMENT • NY WFP 101” - sign up now to join me! www.mobilize.us/ny-wfp/event...

Trump’s pardon of Changpeng Zhao, the Binance founder who enriched the Trump family, is one of the most corrupt acts by any U.S. president in recent history.

Drain the swamp!

Wow. Good for her. 👏👏👏

Jeffrey Epstein survivors released a new video urging Congress to vote to release the Epstein files

bsky.app/profile/bobe...

The Honduran-born Charlotte resident filed a police report after the officers let him go.

Racial profiling, no warrant, no due process; but what else can one expect from a regime committing extrajudicial murder on the high seas?

Trump's gotta go.

Michelle Obama: Don't even look at me about running, because you all are lying.
You're not ready for a woman. So don't waste my time. We got a lot of growing up to do.

KARL: The president claims that Thanksgiving costs are down 25%. Does he know that's not true?

HASSETT: Well if you look at Walmart--

KARL: Wait a minute. I've gotta stop you. The Walmart package this year contains much less than the one last year. That's why the price is less.

Chapter 3. Property and Equipment The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov/aboutthefed/... @federalreserve.gov also published something on this topic

viewpoint.pwc.com/dt/us/en/pwc...

viewpoint.pwc.com/dt/us/en/pwc... 👇🏽 is GAAP🔛the👆🏽;which determines how earnings and costs are reported,🆚those simply (temporarily)held on the "Balance Sheet" to be"Expensed"later

bsky.app/profile/mgmo... Per👇🏽 @economist.com ➡️AI💻is taking excessive"resources"from other economic elements;&its"return🔛Investment"remains uncertain @elerianm.bsky.social 🔙Worse:🏭investment cost🔛"Balance Sheet"aren't🔛"Income Statement";but🔜massive💻AI investment➡️massive long run"Depreciation Expense"

Janet Yellen Says the US Is Undermining Its Economic Success The former Treasury secretary warns that Trump’s attacks on the rule of law, the Fed and universities threaten the foundations of American prosperity.

Former US Treasury Secretary Janet Yellen says the US is “in danger of becoming a banana republic.”

They start giving us 25k… 😉 keep your fingers on the pulse of America and accurate data by subscribing at groundNews.com/monte for 40% off their Vantage plan. Just 5 bucks a month. Happy reading! #deconstruction #exvangelical #currentevents #news #groundnewspartner

We are the No Kings people protesting at the trillionaires place! #NoKings in Southlake
This is the No Kings Era now!

bsky.app/profile/atru... 👍🏽 @atrupar.com

👍🏽 Excellent

bsky.app/profile/eler... Freidman's analysis of the"Great Depression" evolved on history of massive 1929 Stock market🌬️🫧 later compounded by"liquidity"📉(when💁🏻‍♂️💵needed)&🔜🏦🏦 failures. This time government is"eating productive💵" @elerianm.bsky.social ("crowding out affect").

Mohamed El-Erian: Deep Fed divisions show lack of a ‘strategic view’ Mohamed El-Erian, Allianz Chief Economic Advisor, joins CNBC's 'Squawk on the Street' to discuss macro outlooks.

The link to this morning's conversation on CNBC with Carl Quintanilla and Sara Eisen.

Thank you Carl and Sara for having me on Squawk on the Street.

www.cnbc.com/video/2025/1...

#economy #markets #federalreseve

The cover of this week’s edition of The Economist

Good morning.
Please don't miss my weekly look at the global economy and markets. You'll find the full note via the link, with the introduction previewed below.
Thank you!
mohamedelerian.substack.com/p/the-weekly...
#economy #markets