Sean Brodrick

No progress on inflation, even though Goldman Sachs forecast otherwise. #EconSky #Inflation #tariffs

Yep.

Will Bitcoin’s Dive Threaten Michael Saylor’s Strategy? When your entire corporate game plan and the investor base you’ve cultivated revolves around the rising price of bitcoin, a 35% tumble in a month is cause for alarm.

When your entire corporate game plan and the investor base you’ve cultivated revolves around the rising price of bitcoin, a 35% tumble in a month is cause for alarm.

Brexit costing UK up to £90bn in lost tax revenue , new analysis shows - www.independent.co.uk/news/uk/poli...

YouTube video by Jimmy Kimmel Live Trump is Hot for Mamdani, Marjorie Taylor Greene Resigns from Congress & RFK Jr’s Explicit Poems

I hadn't seen video of the meeting between Trump and Mamdani before this. I'd just heard about it. It's worth watching.
Plus, Jimmy Kimmell is always worth watching. youtu.be/BL0pFxTqK-A?...

Gold demand continues to bubble higher.

Melania Trump tapes reveal complaints on Christmas and migrant children row First lady takes aim at holiday decorations and criticism for family separations in tapes released by Stephanie Winston Wolkoff

“Who gives a fuck about the Christmas stuff and decorations? But I need to do it, right?”

— Melania Trump, declaring war on Christmas in 2020. www.theguardian.com/us-news/2020...

... other releases this morning (contracting ADP weekly job growth and well-behaved PPI) is driving US government yields lower (the 10-year is now trading at 4.01%).

#economy #USretaill #FederalReserve #AI #inflation #markets

... households, in particular, are facing significant headwinds.
The AI economic lifeline (massive spending related to infrastructure and technology, as well as the productivity promise) emerges as a disproportionate driver of GDP growth.
The combination of this retail sales data and ...

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This morning's US retail sales data -- an overall growth of 0.2% (below the 0.4% consensus forecast) and a "control group" contraction of 0.1% -- are consistent with two actionable hypotheses:
Greater consumer stress is expected as lower-income ...

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AI hyperscalers (Google, Amazon, Meta, Microsoft, and Oracle) have issued more debt over the last 3 months ($88 billion) than over the previous 3 years ($66 billion). #EconSky #FinSky

From Charlie Bilello: Real (inflation-adjusted) Investment into Data Centers has tripled over the past 3 years. #EconSky

More than half of the 1.6% US GDP growth in the first 6 months of this year came from AI-related spending, according to Barclays.
And I’ve seen higher estimates.
#EconSky

Rejection rate for all types of credit (auto loan, credit card, credit card limit increase, mortgage, mortgage refinance) over past 12 months rose to a series high of 24.8% in October according to NewYorkFed latest SCE Credit Access Survey. #EconSky

Per Redfin, October saw an estimated 36.8% more home sellers than buyers, biggest gap in records dating back to 2013. #EconSky #Housing

The number of Americans receiving unemployment benefits hit 1.974 MILLION, the highest in 4 years.

This likely means the unemployment rate is now higher than the reported 4.4% in September, as finding a job is increasingly difficult. #EconSky

Attack of the Clones might be worse, but Rise of Skywalker is the only time I've ever come out of a movie feeling like the director had contempt for me. Prequels were incompetence, Abrams sequels were malice.

I’d recommend announcing you’ve had a secret nuclear program for years and you’re not going out without taking china with you.

When the leopard starts eating your face 🫣🐆

Shares of cruise operators are falling sharply on Monday, with Carnival and Royal Caribbean among stocks hitting session lows. • Carnival falls as much as 6%, Royal Caribbean falls as much as 5.7%, Norwegian Cruise down 4.7% • Members of the investment community including Barclays analyst Brandt Montour made a ship visit to Carnival's AlDAdiva • "Management's general tone regarding nearer-term investor concerns, namely the US macro and elevated Caribbean capacity growth, leaned incrementally cautious," he writes in a note • Still, it wasn't "necessarily out of line with commentary from RCL last week on our group call or RCL's recent earnings update," he says • There was general acknowledgment that the recent step-up in Caribbean capacity represents some degree of headwind • "CCL's broader diversification,

I don’t have access to Barcap but I think it was this note getting published

AI Meets Aggressive Accounting at Meta’s Gigantic New Data Center Favorable treatment off the balance sheet hinges on some convenient assumptions.

“Artificial intelligence, meet artificial accounting.” The guy who first pointed out Enron’s sketchy accounting is now scrutinizing AI accounting and it’s the same nonsense: www.wsj.com/tech/meta-ai...

I cannot imagine what could possibly go wrong in trying to court-martial an astronaut and pilot decorated multiple times for valor and exceptional service, who is also a sitting senator, for correctly making the point that service members are obliged not to follow unlawful orders

perfection bsky.app/profile/atru...

Tyson is closing a Nebraska plant that employs 3,200 workers in order to “right-size” its business.

The meatpacking giant paid its CEO $22.7M last year, 525x its median employee's pay.

It also spent $196M in stock buybacks to reward shareholders.

Textbook corporate greed.

what’s funny (it’s not funny) is how many indie journalists, who—with next to none of the infrastructure propping up the zz’s of the business—not only report incisively on political power but do so without leaving years of embarrassing receipts about their relationships with subjects and sources

The vicious cycle of monopolization:

1) Corporations argue that their growth is just part of the free market.
2) Use their monopoly power to gouge consumers.
3) Take a portion of their profits to make political donations.
4) Lobby against antitrust enforcement.
5) Repeat.

Here it comes: the crisis wave of Americans making the tough choice to drop coverage — in the face or rising premiums.

@reuters.com $XLV
www.reuters.com/world/americ...

Maybe putting a dozen narcissistic poser Fox hosts in charge of sprawling federal agencies with millions of combined employees and vastly important responsibilities with enormous power wasn’t the greatest plan.