Stephanie Kelton

On the other site @stephaniekelton.bsky.social wrote:

Link to quoted piece:

www.chinabankingnews.com/p/chinese-ec...

Monthly jobs report - BLS “report preliminary data. Everyone knows it’s just an initial glimpse—i.e. an early estimate that will be revised as more data comes in.” Fed officials often point out “that they don’t want to put too much weight on a single report, … subject to multiple revisions.”

"PERSON: What does the data show?

ECONOMIST: What do you want it to show?"

Why Were We Told to Brace for a "Detox Period" if the White House Won't Allow the Data Confirm It? The Trump administration is blaming everyone and everything that brought us to this point except the people and things that actually brought us to this point.

My latest open.substack.com/pub/stephani...

Do you want to learn more about our nation's growing deficit and the implications for markets, the economy and geopolitics?

Join us this Thursday, August 7 at 1 PM ET on Reddit for an AMA with our senior banking and finance reporter Leslie Picker.

bit.ly/455vahl

lol.

Thank you!

Crypto is all about reinventing the financial wheel.

TradFi should <not> have to relearn lessons about quality of collateral!!!

What Worries Me About the 'Big Beautiful Bill' Isn't the Price Tag. It's Everything Else. Republicans have delivered on the One Big, Beautiful Bill (OBBB).

My latest. open.substack.com/pub/stephani...

What Worries Me About the 'Big Beautiful Bill' Isn't the Price Tag. It's Everything Else. Republicans have delivered on the One Big, Beautiful Bill (OBBB).

My latest. open.substack.com/pub/stephani...

TRANSLATION:

US IMPORTERS TO PAY TARIFFS ON GOODS FROM INDONESIA.

CONGRATULATIONS, EVERYONE.

MAGA.

For MAGA, Ignorance is Strength Research cuts aren’t about shrinking government, they’re about killing science

"two first-rate economists, David Cutler and Ed Glaeser, have made a stab at estimating the impact of cuts at NIH. Their analysis suggests that these cuts might save $500 billion in federal spending over the next 25 years — while imposing more than $8 trillion in losses."

I have missed engaging with you!

Nope.

💯

A Big, Bipartisan Betrayal Democrats are using Trump’s apocalyptic bill as a campaign gimmick — and ignoring their role in its cruelty.

A Big, Bipartisan Betrayal www.levernews.com/a-big-bipart...

BURCHETT: “Trump told me there’s no windmills in China.”

REALITY: As @stephaniekelton.bsky.social points out, if Bumblin’ @RepTimBurchett would use Google he’d see they are the global leader in wind turbine installations.

Q: Has Burchett ever been right about anything?

(h/t @acyn.bsky.social )

If you say deficits are a dire threat to the country but raising taxes is somehow off limits, then you do not actually think deficits are a dire problem.

To Understand the Economy, This Fed President Is Ditching His Desk Tom Barkin is looking for clarity about inflation, tariffs and employment the old-fashioned way: He’s talking to people.

Richmond Fed president asks business leaders about Trump’s tariffs and learns that firms are “raising prices not because they have to, but because they think they can get away with it.” www.wsj.com/economy/tom-...

I really feel like everyone would have a better understanding of what’s going on if they read @stephaniekelton.bsky.social’s book or watched her documentary. Everything would make a lot more sense!

And by “touching” they mean pummeling. Rural hospitals will shutter. As many as 13 million people will lose health coverage. Preventable deaths will spike. Political suicide?

“In order to truly believe that the Freedom Caucus is going to tank the bill, they’re going to have to actually vote against it. Not hold out, not fold their arms and grumble. Actually vote against it. And we still haven’t seen that.”
@ddayen.bsky.social

americanprospect.bluelena.io/index.php?ac...

Johnson initially voted no on the motion to proceed.
He flipped because of a promise for an amendment for more Medicaid cuts.
The Senate didn't vote on that amendment.
Now he's a yes.
It just wasn't serious that the Senate deficit hawks (outside of Paul) would bolt. They're fakes.

Senate Republicans' tax cuts now projected to cost $4.45T, up more than $200 billion

Senate Republicans make steep cuts to wind and solar in updated megabill text

The Senate version of the #BigUglyBill is somehow even worse than the House version

Just cramming more shit into the shit sandwich

Sen. Hawley a yes on exactly the thing he says we can’t be doing

Trump's wedding gift to Bezos and birthday gift to Musk were tucked in the new budget bill the Republicans released overnight: A special new tax break for SPACEPORTS.

The energy provisions in the Republicans' One Big Horrible Bill are truly so bad! Who wants this? The country's automakers don't want it. Electric utilities don't want it. Data center developers don't want it. Manufacturers in energy intensive industries don't want it. 🔌💡

The U.S. has seen a manufacturing boom since the Inflation Reduction Act, especially in the emerging Southeastern battery belt. But these projects and associated jobs are potentially at risk with proposed changes to tax credits.

Having ethics and a sense of public duty is good, actually

Should end well.

@coindesk.com $XHB
t.co/JYvzejMXWb