Marge

ISM Services PMI Employment index since 2005

ISM Services Prices index (advanced 3m) vs core PCE 3m/3m. The ISM Prices index implies core PCE near 4%.

ISM New Orders index for past 20y

This was a *very* bad report. Employment down, implies ~4% annualized core PCE, and demand is clearly weak given new orders.

*US JULY ISM SERVICES PMI FALLS TO 50.1 FROM 50.8; EST. 51.5

A back-in-the day photo of me with my lifelong friend, Jeff Dowd , whom you may know from his activism (one of the "Seattle 7"), his indie cinema work (Sundance), or as the acknowledged inspiration for The Dude in The Big Lebowski.

Jeff now needs funds for urgent medical reasons. DM me for 411.

The whole US economy is currently a bunch of financial institutions in paragliders riding the updrafts from the massive bonfire of the last stack of VC cash

klye schwarber outside a wawa pointing at a delicious iced beverage

POV: you're a baseball and this is the last thing you see

Every single one! Across all unions I’ve worked at (BCTGM, an AFT affiliate, and now at an seiu local)

I’ll post what I want him to do to himself on Twitter

"Mamdani's allies plan to make a strong push next year for Albany to tax the rich." Yes and we're starting tonight.

Fellow DSA members in New York State: last call to join our campaign kickoff call (start time: 7:30pm EDT).

#TaxTheRich #NY4All #DignityNotDetention
actionnetwork.org/events/campa...

Look at what happens to student test scores (top panel) and home values (bottom panel) when school bonds are authorized (red line).

Lmfaaaaaaaoooooo the bubble can’t pop soon enough for me personally. A nadir in human achievement

Every time I have tried to go to Al & Bea’s this summer it has been closed. It’s definitely on me, im just stupid. But I really want a frigging burrito from them

Halalsam

It was actually definitely summer 2020 where he said it first. Dude’s one of the smartest people ive met on here and he clocked it immediately. January 2029 is going to be really bad and I’m glad I don’t live in dc anymore

I remember when Sam said it was the United States’s years of lead, in 2021. He was right then and he’s right now. Years of lead

✋ say no more

No but this is one of the more intriguing appeals for a movie I’ve ever seen lol. Adding it to my list!

“But they’re in Fidi office buildings!” I don’t care. When they’re outside it doesn’t have to be lit like that

This isn’t so bad as that. It’s just not interestingly lit. I’m feeling thirsty for rich lighting after watching small axe: lovers rock again

Larry put margin call on his plex so I’m watching margin call, never seen it before.

It is very easy to feel things if you let love into your heart

I can hear the heart beating as one

Niemöller was asked by his concentration camp cellmate why he had ever supported Hitler and the Nazis. Reportedly, this is what he had to say for himself:

The antifa supersoldiers reminded me of Don’t Look Up though. Cringey 😬

It’s hard to talk about what is happening as it is happening

Eddington was good. It reminded me of Terra em Transe.

ive long held this view but the problem the post-clinton democratic party has is that it genuinely doesn't believe in anything. everything's negotiable, they're happy to veer rightward on crime, immigration, trans rights, fuck over labor, whatever they feel they need to roll over on they'll do it

I tell so many people about your office chair thing. I was in a room on a college campus and one of my union members came in and looked around and was like “there’s $10,000 worth of office chairs in here” and we discussed your practice

The funny thing about trump firing the BLS person is that those jobs numbers will be what gets Powell to lower rates. But the jobs numbers can’t be that low. But the rates also can’t be that high. He’s stuck in a dullard’s corner

I kinda think the way people use ChatGPT is sort of aspirational because it seems to emulate the way rich people have sycophants lying to them all the time until they lose touch with reality and also their entire minds

Tesla Ordered to Pay More Than $240 Million Over Fatal Autopilot Crash Tesla was found partially liable by a Florida jury for a fatal 2019 crash involving its driver-assistance "Autopilot" feature.

Every previous lawsuit around Tesla's driver-assistance features had been dismissed or settled out of court, but a Florida jury has set a new precedent in a case of a fatal crash, saying the automaker must pay hundreds of millions in compensation and punitive damages.

speaking as a macroeconomist, this is extremely bad !