Talmon Joseph Smith

> @dkthomp.bsky.social

Okay real quick: sales & trading, how does it work? A thread.

"Sell-side" trading floors at banks are middlemen. They're trying to transact on behalf of clients or stand between two different entities that want to transact.

"Sales" talks to the client, "trading" sets the price/manages the risk.

“.. The American intervention to prop up the Argentinian peso has failed. Despite the United States intervening .., the Argentine peso lost 10% of its value in the first two weeks of October, pushing the overnight interest rate to 157%.”

@joebrusuelas.bsky.social $ARGT

Do fair workweek laws affect labor markets?

New research from @aaronsojourner.org (Upjohn Inst.) and Joseph Pickens (USNA) finds that NYC’s Fair Workweek Law gave fast-food workers more predictable schedules without costing jobs. #LaborLaws #NYC #FairWorkWeek #EconSKy

a nice synthesis of my Small Businsses Are Not The Backbone of The Economy, Consumers Are, Which Means Workers Are take. without people making disposable income from their labor = NoCustomers

But a flush lowU3 customer base + local firms competing hard to put out great (or yummy) products is great!

Exclusive | Trump Pardons Convicted Binance Founder The pardon follows months of efforts by Changpeng Zhao to boost Trump crypto company

Fraud is legal

what is, talk to me

i should find a way to say your belittling response even after ive explained myself is a racist microagression. because that sorta thing has a lot of currency over here. but im not about that game. im about prosperity for all as soon as possible
my book is reporting of me asking how we can get there

id love to talk to ya for a story i just started work on related to this if ya see this!

talmon.smith@nytimes.com

have a great day!

i am also unflinching in my reporting about the maga turn against democracy, the GOPs policy hypocrisy + Trump's authoritarian behavior

but i was born in 94. adults in power since then in both parties shouldve done much more to put ppl>profits

ive now spent years on wall st & main st covering this

so many random stonks ripping this year. and post tariffs? hasbro?? up 32% YTD???

ROSENBERG: “.. The share of the country in expansion mode these past six weeks, at 18%, is the lowest share since May 2020.

.. The reality is .. at least qualitatively, the economy is in a mild recession -- stock market doesn't see it, but the bond market does.”

somebody check on Jerry Jones. he might be tearing up, or havin a heart attack

sometimes a non-fiction book is going so well, but then it tells you something that isn't true (benjamin franklin flying a kite in a lightning storm) and you begin to question everything else you've learned in the past eight chapters

Speaking as a phone addict, I think this is a good idea

yea -- which is why its frustrating that so many academics and thinktank types only focus on the supply aspect (which at any given time may have little to do with rate moves?)

Eisman said when PMs mention deficits as a mover on TV they often just are "virtue signaling" to clients. that checks out

🧐Fed Making Key Economic Decisions Without Key Economic Data

👀A strange development below on the Fed getting special access to detailed ADP data & ADP cutting off the Fed when Gov Waller disclosed it.

⚠️ On the importance of free public data…

prospect.org/2025/10/21/f...

damn, well put

because mobilizing public finances is an incredibly fraught political exercise and deficits are argued in moralizing terms by people resistant to redistribution or collective action.

The fact that Republicans are against Obamacare isn't in dispute *by anybody* so I don't know why you people keep bringing up that strawman.

But, did those five Democrats (plus Obama himself) "have agency" when they killed the Public Option at the behest of insurance company "stakeholders"?

reposting for anybody who may not have seen before but may see this. would never intentionally misidentify somebody.

thats above all; policy convos aside. ok. back to the book reporting

This guy is completely correct here and the Liberals replying to him are super pissed at people who don't have goldfish memories and aren't members of Obama's "stan culture".

No, sorry, I remember who Max Baucus was. You're not gonna bullshit me.
bsky.app/profile/tals...

Similar to focusing on how great their overall economy numbers were but ignoring that things like grocery price increases have a much higher impact on the bottom quartile (85 million people) and wondering how they could lose by 2 million votes

A shiny healthcare chart doesn't pay my hospital bills

And this is coming from someone denied insurance before the ACA who is very thankful it exists

But also the people who are sick and disabled that benefitted a lot from the ACA are the FIRST people who will tell you that it desperately needs to be reformed or replaced

six conservative senators crafting insurance legislation. Obama removed public option and caved to multiple Republican demands to try to get a single vote. They kept on revising the bill and not a single Republican voted for it. And what happened to all the changes they made? they stayed in

Exclusive | Treasury Tells Employees Not to Share Photos of White House Ballroom Construction Images of the demolition of parts of the East Wing went viral on Monday, and Treasury’s headquarters next door to the White House has a front-row seat.

The Treasury Department instructed employees not to share to share photos of the demolition of parts of the White House’s East Wing

this guy was so hawkish under BidenHarris. cant see into his heart but hard to believe he'd be calling for big cuts if kamala harris was president and cpi was floating near 3