Real stuff economy vs. AI investment sentiment is stark

Lotta chatter in my “Media Consumers” group text about the Jimmy Pitaro interview. Well done @bryancurtis.bsky.social

Neanderthals were making content about the rule of thirds

If they’d done this deal a couple years ago, anecdotally I think they could’ve fended off some YouTube TV switchers. Lots of people picking that up for a more robust sports experience. ESPN + NFL redzone together is pretty compelling as a standalone sports streamer

Will be very curious about how this affects YouTube TV’s offerings

Both sides of the ball (price stability and full employment)

If the AI bubble pops the Fed will need to cut more to support the economy

Recently learned that kids don’t take the bus anymore? What’s that about

Seems like people have different definitions of “conservatorship”

Pulte in a Barron’s interview: “I think it’s likely that the companies (Fannie and Freddie) will stay in conservatorship”

🤡🤡🤡

DC Metro has gotten so good lately a friend’s uber was late so they cancelled and rushed for the train instead of the other way around

“So, here, in your ‘reasons I’m bullish’ you note that global crude production declines at 5.5% a year…

…and then this chart proceeds to assume upstream investment drops to literal zero and we lose >5 MMbpd in supply every year through end-decade, yielding 20+ MMbpd deficits?”

The PMC looking at the government, realizing it’s managed unprofessionally

The kids are on summer vacation day trading

In cities that actually are building a lot of units you’ll often hear NIMBYs pointing to nominal prices/rents continuing to rise, while not appreciating that blunting the pace of nominal price/rent increases is evidence that YIMBY works

Lots of future uncertainty in both political parties, including the rest of Trump 2. Legacy media fully dying, ubiquitous algorithms, generative AI, deglobalization, maybe a shout to gambling culture, to add to this list of financial system changes someone else said. 2030 may look quite different

The American Time Use Survey came out recently, giving the most detailed look at how the country spends its days, so here's a quick thread

1st, the share of Americans reading for personal interest on an average day has fallen to the lowest level on record, down 10% from 2003🧵

Possibly a response fiscal uncertainty related to the upcoming election

While I’m thinking about housing, probably not a good sign for the likelihood of a Fannie / Freddie exit from conservatorship with the stroke of Trump’s pen that Pulte is tweeting about Powell instead of working on that framework

Makes sense. I believe I’ve seen that Sq. Ft. Per unit has been declining lately, follows that it would be more pronounced / concentrated at the low end

Makes sense. I assume this thread follows from @kevinerdmann.bsky.social’s sort of central claim about lack of financing options for the lower end has meant a systematic underinvestment in lower end housing

Appreciate the thread. Am I understanding you correctly that the top income earners are paying a lower share on housing than they previously did? And that’s being made up for by the opposite at the other end?

Excited to see more for you all!

Theoretically this should be illegal right? There’s no coffee / banana industry at home to protect and this is clearly not a national security issue. These are the two ways the president has tariff authority, no?

Possibly the Iron Man connection, lots of MCU production done in Atlanta

Great blog, thanks for sharing. I remain skeptical that the current admin can craft an elegant solution to the GSE predicament

They’ve been working overtime at Metro the last few weeks preparing for this, everyone working volunteer shifts on the streets in crazy heat helping people get their questions answered. They’ve put in the work to make it successful. Some will always be annoyed by change of course

All I see here is top notch ball security, elite contact balance, a willingness to grind out tough yards btwn the tackles, and surprising burst after he finds daylight

It’s just like other software. I have access to mobile apps that give me capabilities that would’ve been unavailable in previous generation, but nobody likes paying their phone bill, app subscriptions, micro transactions etc. despite it being cheaper adjusted for inflation than old software was

Growing up there were UVA basketball games that were simply not televised. Now I can watch every game but need ESPN+, ACC network extra, etc. in order to watch the games that previously would’ve been unavailable. I’m grateful for the opportunity but still resent the extra fees