Jack Schlossberg’s rampant NIMBYism was a great opportunity to do what I do best: a too-long post about something I have been thinking about for far too long to be clear eyed about. open.substack.com/pub/joshsack...
Today, we're launching Research-books.com because opposition research can’t only be the tool of the professional political consultant; everyone deserves to know the truth behind the Republican extremists seeking election in 2026. www.politico.com/news/2026/01...
We need to have a real conversation about the fact that the government has been giving the richest Americans an interest free loan to behave inefficiently. open.substack.com/pub/joshsack...
The Goldbugs and crypto people were on about deflation again. So I decided to respond in their language: a too-long blog post about events that happened outside of living memory. open.substack.com/pub/joshsack...
I put together a little note on how I would solve gerrymandering. open.substack.com/pub/joshsack...
Two episodes of Odd Lots in a day? Things really are dire.
Yup. If you really want to play the "Oracle of Omaha" game, Buffett has been largely sitting out the entire market, preferring cash over any equities. The exact opposite of the lie Trump himself is pushing.
And Buffett has been right.
It continues! And it's bad! Yesterday was a 0.4th percentile event, and today's drop (so far) is a 1.4th percentile day!
Did he say "the markets are going to boom" or "the markets are going to go boom" ?
No re-examining has been done, but a doubling and tripling down has been.
#mesen #mepolitics
These would be dope, other than the $12 black coffee and occasional risk of being poisoned
Wow who could’ve guessed that this would happen
It’s almost as if USAID was a pillar of American soft power and influence in the world
It’s almost as if it was entirely predictable that America’s adversaries would work to fill the void left by USAID’s destruction
As global markets melt down, Trump is turning to … pro golf.
The president is headed to a LIV Golf event hosted at one of his Florida clubs.
It’s another example of Trump prioritizing his relationships with the Saudis — they own LIV — and blending his personal business and presidential office.
Looks like the market priced in economists’ reaction
Take a simple example: I run a trade deficit with Trader Joe's buying their meals, while they buy none of mine. My trade deficit as a share of my imports is 100%.
By Trump's trade logic, this deficit is evidence they're imposing 100% tariffs on the meals I try to sell them. Obviously this is false.
This chart, from Twitter user @nonagonono, is amazing.
It shows Trump's "reciprocal trade barriers" are no such thing as they ARE NOT RELATED TO ACTUAL TARIFF BARRIERS. Rather, his magic number is half of the bilateral trade deficit (as a share of imports), or 10%.
This is indescribably crazy.
How it started
How it's going
You can totally see how this mf bankrupted a casino.
I’m not forgetting about the people on our side who killed the TPP and pushed the last admin to keep a lot of the protectionism
"The truth is, these are not very bright guys, and things got out of hand."
Every single Republican stooge who claimed Trump truly meant it when he said he’d expand IVF coverage — despite his track record to the contrary — owes America an apology. www.nbcnews.com/health/healt...
Dead people telling the President to pursue a trade war with an uninhabited island is real George III territory
Trump is the most economically illiterate President of my lifetime. Which is particularly disturbing when you consider that his supporters love him because he’s, in their view, a business genius.
Monstrously destructive, incoherent, ill-informed tariffs based on fabrications, imagined wrongs, discredited theories and ignorance of decades of evidence. And the real tragedy is that they will hurt working Americans more than anyone else.
A reminder from my shirt
do any tech billionaires have a political agenda beyond "the government needs to find a bagholder for my shitcos"?
I remember when Hillary’s schedules being on the server was the worst crime in American history. www.washingtonpost.com/national-sec...
This Bloomberg news quiz style is quite fun. I will have to be better about my leverage and hedge moments, (as well as signing the initial weights), but it is fun.
