JP Koning

In a normal world, "US treasury secretary endorses American annexation of Canadian territory" should be front page news

Meanwhile, in Canada …

Nothing matters

Something every 2026/28 Dem should commit to is investigations of any company that did deals with Trump. A kind of forward guidance to get companies to think twice in advance of what’s coming.

Money given to influence the conduct of a person in a position of trust you say?

The same people who repeatedly insisted that tariffs won't raise prices.

I’m not exaggerating when I say the US government is acting like an abusive ex towards Canada.

Switching between “you suck, I don’t need you” and “you would be nothing without me, don’t you dare talk to anyone else”.

Hey, he’s only the president, how is he supposed to know who he is pardoning

CHART: President Trump's memecoin is doing poorly Donald Trump's memecoin, $TRUMP, has performed very poorly since launch, falling approximately 86% from its peak.

CHART: President Trump’s memecoin is doing poorly protos.com/chart-presid...

FT graph showing massive UK public support for the opinion that it was wrong to vote to leave the EU.

Ah! Good morning, reality. And welcome. We’ve been expecting you…

The penny was the main unit of currency for around 500 years, until the recoinage of Edward I with the introduction of the groat.
Later a half groat, along with several gold denominations, was introduced by Edward III

Groat, halfgroat, penny, halfpenny and farthing of Eddy III

Lifeline for Millions of Americans Becomes Hot Potato for Banks The US government has begun phasing out paper checks for unbanked Americans who receive federal benefits, adding to the ranks of millions who rely on Direct Express prepaid cards. The problem: that pr...

NEW: How do you think the US distributes social security benefits to people without bank accounts? If you answered “badly,” you’re correct. Yizhu Wang & I took a look at the latest fumbles in Treasury’s efforts to improve the program, & what’s likely to happen next www.bloomberg.com/news/article...

Really interesting take on why Montreal is so unique in terms of human-scale urbanism. Consider this when voting in a month?

So google maps updated some satellite footage, here’s one single Ukrainian village. One out of thousands

This is an excellent & worrying interview w/ @petercontibrown.bsky.social. Fed independence is gone the day that Lisa Cook's 'firing' is un-stayed by a court; and once it is gone, it will not be coming back anytime soon, likely not before some inflation disaster hits. Everyone loses. Great job, USA.

Who will be in charge of interest rates? Fed independence is a question of power.

Fed independence is a question of power. As with many institutions today, President Trump is trying to reduce the Fed’s power and increase his own. That dramatic backdrop makes today’s Senate hearing on Stephen Miran for Fed Governor anything but normal. stayathomemacro.substack.com/p/who-will-b...

Company behind Jack Daniel's says Canadian boycott is 'significant' as sales drop 62% | CBC News The parent company of American alcohol producers such as Jack Daniel's whisky and Woodford Reserve bourbon says sales to Canada dropped 62 per cent during the latest fiscal quarter compared to a year ...

Brown‑Forman's "net sales in developed international markets dropped eight per cent" due to "geopolitical uncertainty".

Sales fell 62% in Canada, 16% in the UK, & 10% in Germany. 🍷

#EconSky

www.cbc.ca/news/canada/...

Canada is cursed in having mostly the same vehicle standards as the US, and while some styles (like large SUVs) aren’t as common here yet, I worry that it’s only a matter of time.

Europe should fight this hard — and any other similar concessions.

The Fed is not good at talking to citizens. Its communications culture is aimed at markets, which means it knows how to give coded, cautious hints that leave room for negotiation. That means there's little will and no experience with strong, affirmative signals in response to wanton norm-burning.

Tariff inflation effects are just getting started.

(via Apollo)

i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.

The pressure on the independence of the US Federal Reserve is as bad as some of us had feared. I would love to understand what motivates this optimistic perspective from Raghuram Rajan

A reminder: Dr. Cook's mortgages are not the real issue. The threat to US macro stability is the clear intention of the Trump Admin to influence the composition of the FOMC in defiance of the structures designed to insulate the institution from such influence. Thank you for coming to my TED talk

The Whale of Mass Destruction How a fundamental weakness in Bitcoin might (technically) crash our economy

A typical financial market has *fundamental* traders who watch the world and *technical* traders who watch other traders. A striking feature of the Bitcoin market is the almost total absence of the former. This has increasingly serious implications for all of us www.asomo.co/p/the-whale-...

Trump Aims to Win Majority on Fed Board With Attempt to Oust Lisa Cook President Donald Trump’s campaign to oust Federal Reserve Governor Lisa Cook, if successful, would give him the opportunity to exert more influence over the US central bank by securing a majority on i...

“This is a new attempt of the administration to gain more control over the Fed,” said Claudia Sahm, “They’re pulling as many different levers as they can find to get that control.” www.bloomberg.com/news/article...

Crypto is not a socially useful industry. The most innocent side of it is a form of gambling. UK could make money by hosting and facilitating it, but it does so at the expense of global society and should no more do this than it should help illicit arms sales.

And when you have visitors coming to town just lend them your key for a day or two.