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This is fascinating. What an incredibly brave group of pilots, crew members and scientists!
The infamous Hurricane Hunters just had one of the wildest flights in history today. Flying straight into the heart of Category 5 Hurricane Melissa, a Lockheed Martin C-130J Hercules aircraft, call sign TEAL 75, was slammed by violent turbulence The G-forces were so extreme…
The Atlanta Fed Core Sticky CPI figure showing an abrupt shift higher, with the turn right at Liberation Day. h/t @RBAdvisors
Remember when the Fed used to car about supercore CPI. Came in at 0.48% mom, second highest reading in last 18 months. 3m high in yoy metric, to 3.2%
🚨*EJ ANTONI SUGGESTS SUSPENDING MONTHLY JOBS REPORT We tried warning all of you. Too bad you didn’t listen. Now enjoy the consequences.
Continuing Jobless Claims have just been a straight line up since Liberation Day. No one is hiring. We are in a recession.
I’m watching the President on CNBC and the mistruths and misinformation about the BLS have to stop! There is nothing political at all about the revisions, no matter how large. This resides somewhere between a witch hunt and a sham. The problem lies with the depleted business…
Yes, the BLS report is especially noisy on a monthly basis, but this softness is not a shocker. The ISM, Indeed and ADP employment data provided by the private sector all confirm what the BLS report says this morning. And despite people shrugging off ADP every month it's…
Former BLS Commissioner. Was appointed by President Trump. And long-standing Heritage Foundation before that. I have yet to see a single economist (not working for the Trump administration) defend this senseless and egregious act.
The totally groundless firing of Dr. Erika McEntarfer, my successor as Commissioner of Labor Statistics at BLS, sets a dangerous precedent and undermines the statistical mission of the Bureau. For a full statement opposing this move, read: friendsofbls.org/updates/2025/8…
If you thinking Powell cutting the Fed Funds Rate is going to solve anything, you don’t understand how bond markets work. Powell wrongly cut by 100 bps this time last year, and all it did was RAISE the 10 Year Yield by 100 bps. Nobody borrows based off the Fed Funds Rate.…
Well, Section 453 was approved yesterday. It provides pesticide companies, including giants like Bayer/Monsanto and Syngenta, with near-total protection from lawsuits, even when their products are later implicated in causing harm. This is NOT making America great again!
This is absolutely insane: Total US debt is now expected to hit $40 TRILLION THIS YEAR, per Kalshi. To put this into perspective, at the start of 2020, total US debt stood at $23.2 trillion. This would mark a near $17 TRILLION increase in 6 years. Never in history has the US…
*TRUMP: MAY FIRE POWELL Own Gold. We are an unserious country.
Americans need to earn about 70% more today than six years ago to comfortably afford a median-priced home, per Realtor com.
Why do economists worry so much about the economic impact associated with tariffs? Putting this out there so there is some clarity on why most economist worry about tariffs, which are at best a blunt tool, to cure what ails us. When used to cure so many problems at once, beware…
Dumbest Trade War in the history of the World. Wake up, America
“The United States can’t export anything because we are ripped off by everyone”. We are the 2nd largest exporter on earth, and in terms of *profitability of our exports* we are by far the largest exporter on earth. Nobody does this better than us. No one. Now go back to…
“The United States can’t export anything because we are ripped off by everyone”. We are the 2nd largest exporter on earth, and in terms of *profitability of our exports* we are by far the largest exporter on earth. Nobody does this better than us. No one. Now go back to…
Thanks @SecDef and @realDonaldTrump for allowing Putin to target hotels with civilians, humanitarians, reporters….in @Ukraine…why? Why?who wants peace @JDVance who? Putin wants peace?…
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