Kai Ryssdal

Honestly wtaf does this mean

"Forget about next."

You can't fill up your gas tank with a short futures position.

I do agree with this.

I get a House member going along with it, but a safe-seat senator?

Middle East war unleashes a new economic shock Since March 2, gas prices in Europe have increased by 50% and oil by 12%, while the Paris stock market has fallen by 4.7%. The economic impact depends on how long the conflict will last, but stagflati...

Since March 2, gas prices in Europe have increased by 50% and oil by 12%, while the Paris stock market has fallen by 4.7%. The economic impact depends on how long the conflict will last, but stagflation is likely.

www.lemonde.fr/en/economy/a...

There it is: Noem out, Mullin in

Question of the day: When do the markets hit his pain point?

Oh FFS

Al Capone, at an international conference: "You're dealing with a lot of law enforcement in your own country, I'm sure. You have my permission not to listen to them."

for a guy who made a living on TV, Pete Hegseth is a remarkably terrible public speaker

you can almost hear his audience cringing here

A billion a day lowballs it, imho

Yep, this tracks

Huh

Oh puh-leez

China no longer buys US exports: Drawing the right lessons for the next Trump-Xi deal China essentially stopped buying US exports in April 2025. President Donald Trump had started his second term by launching a new trade war that he headlined with steep new tariffs on China. When China...

Without Trump’s trade wars since 2017, US exports to China would have been nearly 60 percent higher in 2025, or roughly $90 billion annually.

www.piie.com/blogs/realti...

In which @nataliekorach.bsky.social outlines the actions of the man the White House Correspondents Association has chosen to honor this year. www.status.news/p/donald-tru...

Good Lord.

Just watch how an elected member of the Senate conducts himself. Against a member of the military in uniform. Who - and let’s be very, very clear - most certainly has a First Amendment right to protest. Since he’s the guy you’d be sending to war.

Pete Hegseth Treats Fallen American Soldiers as a PR Problem His use of the Iran war dead to attack the media was disgraceful.

Pete Hegseth, if he does not resign, should at least get out of the way and let better men than him talk to the nation and to the press.

www.theatlantic.com/newsletters/...

Judge Orders US to Stop Calculating IEEPA Tariffs for Importers A US judge has ordered the Trump administration halt a key step in the tariff payment process in order to make any refunds simpler after the US Supreme Court struck down the president’s global tariffs...

"He also questioned why the government was continuing to do so after the Supreme Court ruled the tariffs illegal."

Uh, yeah...

www.bloomberg.com/news/article...

RBOB gasoline futures highest since July 2024... +14.4% YoY

$2.51 implies $3.45 at the pump in a few weeks

This, for the love of Pete

YouTube video by Captioning for Everyone The Princess Bride - Never Get Involved in a Land War in Asia - closed captioned

Even the villain Vizzini in "The Princess Bride" knew:
"Never get involved in a land war in Asia."

polymarket has removed the market that allowed people to bet on the chances of nuclear detonation (what were they thinking?). you can still bet on the iranian regime falling though.

1/3: Here's what wild about gas prices right now. The past two days have seen the largest increase in gas prices ($0.22/gallon) since 2005, making it one of the fastest increases ever. What's suprising about this is not only the magnitude, but the speed of the passthrough.

Up is down. Black is white

Lowest prices paid since March 2025.

Chart of ISM Services PMI for the past 10 years

Chart of ISM Services PMI New Orders index for the past 10 years

Chart of ISM Services PMI Employment index for the past 10 years

Chart of ISM Services PMI Prices index and ISM Manufacturing prices index for the past 10 years

Don't say I didn't warn you. ISM Services highest since 2022 with New Orders accelerating and employment trending higher. Unlike ISM Manufacturing earlier this week, the prices index fell to an 11-month low. Manufacturing prices hit a post-2022 high.

Bessent Says Trump’s Tariff Hike to 15% Likely Coming This Week Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a 10% universal tariff up to 15% will likely be done this week.

Words cannot express the insanity of slapping across-the-board inflationary tariffs in the middle of waging an inflationary war. It’s like they’re trying to crash the market or someth— ah, I see now

www.bloomberg.com/news/article...

Observation: the Secretary of Defense is not a reliable narrator

Bessent Says Trump’s Tariff Hike to 15% Likely Coming This Week Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a 10% universal tariff up to 15% will likely be done this week.

Oh

www.bloomberg.com/news/article...