EconReporter
@econreporter.bsky.social
Independent journalist focusing on economics and global economy Our website: en.econreporter.com
Barry Eichengreen: Bottom line is that Washington, fearing the consequences for US financial markets, is reluctant to see foreign central banks use their dollar reserves. This is telling us that the dollar is not the attractive reserve currency it once was. www.ft.com/content/86db...
The real message in the yen intervention
The dollar’s status as a reserve currency is not what it used to be
ft.com
Exclusive: Iran warned Gulf states that any new US attack on its territory would trigger retaliation against critical energy infrastructure across the region, five sources told Reuters reut.rs/4w53aEF
Grokipedia just stopped updating after eight months ... and it took another four for anyone to notice www.lawfaremedia.org/article/grok...
Grokipedia Stopped Reviewing Edits in April. It Didn’t Tell Anyone.
A halt in Grokipedia’s edit pipeline offers a case study in how an AI-generated reference system governs its own content.
lawfaremedia.org
If you're unable to watch tonight's Arsenal vs. Real Betis friendly we have a live blog available free on @theathleticfc.bsky.social 🔴⚪️🇮🇪⬇️ www.nytimes.com/athletic/liv...
Arsenal vs Real Betis live updates: Pre-season friendly latest score, goal updates
nytimes.com
Iran and Oman reach understanding on coordinates of route through Hormuz, Iran ministry says - Reuters Baghaei added that any such agreement between Iran and Oman would not, by itself, guarantee security in the strategic waterway. (1/3)
Iran and Oman reach understanding on coordinates of route through Hormuz, Iran ministry says
Iran's Foreign Ministry spokesperson Esmaeil Baghaei described the negotiations between Tehran and Muscat as "professional" and "moving forward".
reuters.com
Canada-U.S. trade down almost $2 billion since early 2024 - BNN Bloomberg Rachael Dolan, a spokesperson for Global Affairs Canada, says total trade in goods and services with the U.S. was 0.6 per cent, or $1.9 billion, lower in the first quarter of 2026 than in the same period of 2024. (1/3)
Canada-U.S. trade down almost $2B in two years
The value of Canada’s trade with the U.S. dropped by almost $2 billion between the first quarter of 2024 and the first three months of 2026.
bnnbloomberg.ca
This is a very special John Luthers column in which he quoted Scott Sumner!!
Catherine Rampell@crampell.bsky.social · 5h ago@johnauthers.bsky.social: "stock market’s relationship to war and peace can be troublesome. Just look at Dow in 1938 and 1939, as an ever-more belligerent Hitler brought Europe sliding ever further into war. The impact on Wall Street wasn’t totally predictable" www.bloomberg.com/opinion/news...
This whole @johnauthers.bsky.social column is great. Also, tell me again history doesn’t matter.
Catherine Rampell@crampell.bsky.social · 5h ago@johnauthers.bsky.social: "stock market’s relationship to war and peace can be troublesome. Just look at Dow in 1938 and 1939, as an ever-more belligerent Hitler brought Europe sliding ever further into war. The impact on Wall Street wasn’t totally predictable" www.bloomberg.com/opinion/news...
The same goes for @michaelsderby.bsky.social btw, along with @bencasselman.bsky.social, @colbylsmith.bsky.social, @mckonomy.bsky.social, @vtg2.bsky.social, @chrisrugaber.bsky.social, and @neilirwin.bsky.social, to name a number of journalists who cover the Fed on here.
Y'all don't need me to tell you this but @nicktimiraos.bsky.social is an excellent reporter and does excellent economic and monetary policy analysis *in addition to* his very good sourcing inside the Federal Reserve.
Michael Derby@michaelsderby.bsky.social · 4h agoAs evidence for Warsh’s rough start as Fed chair, the Treasury secretary is now going after reporters for their coverage of the central bank.
Really dumb. Nick is a great reporter and everyone at the Fed and who follows the Fed is very much aware of that.
Kinda love that @nicktimiraos.bsky.social now has two massive endorsements to put on his profile: Warren Buffett recommending his book, and Bessent bashing him personally. You really can't get clearer evidence of his skill, knowledge, and effectiveness than that.
Today, with the Dallas Fed, we announced the forthcoming launch of a pilot survey exploring trends in the U.S. private credit direct lending market, which will provide insights into trends in private credit markets & implications for the broader economy & monetary policy. nyfed.org/4bQjH8r
Just long enough to get past midterms….. Iran's Deputy Foreign Minister: Potential transit route negotiated by Iran and Oman could be viable for 2 to 4 months - IRNA
This newsletter is the perfect replacement for crypto because it produces a faster reward system in your brain. www.bloomberg.com/opinion/news...
SpaceX Unlocks Tomorrow
Also Situational Awareness margin calls, sports betting regulation and brokerage sports betting revenue.
bloomberg.com
$MSFT *MICROSOFT SAYS OPENAI SALES WERE $24.1 BILLION IN FISCAL 2026 *MICROSOFT DISCLOSURES SUGGEST OPENAI IS ABOUT 70% OF AI SALES
Hell, I want the unconditional probability of feeling like a failure at that age too. Or at 36.
A very relevant content in this interview is Wessel's description of how Greenspan welcomed reporters like him to directly stay in touch. (1/2)
EconReporter@econreporter.bsky.social · last wk.@davidmwessel.bsky.social is the on the latest episode of Macro Musings by @davidbeckworth.bsky.social !!! Two Davids!! https://music.youtube.com/watch?v=dJ8NTrGxT30&si=-dvAMjUKVWbA78Ut
Reddit aims to make ‘karma’ less important for first-time posters with shift to AI moderation tools
Reddit aims to make ‘karma’ less important for first-time posters with shift to AI moderation tools
Reddit is expanding its moderation tools and building stronger abuse prevention systems that it says could eventually reduce communities’ reliance on karma and account-age requirements, making it easier for legitimate newcomers to participate.
techcrunch.com
Last year I keep trying to make the phase "Send-troll banking" works but can't Unfortunately.... maybe this is the moment it works?
Bessent crossed the line in attacking a journalist for covering someone in an office the government has no authority over. And in doing so, simply underscores the fact that people think that line of demarcation has dangerously blurred.
I now average like, 1 new email per hour. And it's stuff I (usually) want to see. And I have to deliberately set aside time to go to my "newsletters" tag and mindfully comb through it. Night and day difference in my stress level when I open my inbox.
Tip for fellow journalists, this has made my life so much better: Over the past week or so I have invested something like 10 hours in unsubscribing from everything possible, blocking all press flacks that send me stuff unrelated to my beat, and setting up an auto-filter for newsletters. 1/2
The decision to make communication by the Fed Chair more opaque has increased rather than decreased the significance/impact of Fed beat reporters. The quickest way to reduce their significance/impact is for the Chair to speak more explicitly & frequently. You gotta choose!
... especially when you can argue Warsh needs to show independence from the administration. 3. But most important, I hope this is not an early sign of the migration of the toxic relationship between the press corps and the White House over to the Fed.
Regarding Treas. Secty's attack on @nicktimiraos.bsky.social: 1. Nick is no stenographer. One of the smartest guys in the room. Wish he were. Would make my life easier. 2. I know Kevin Warsh for a lot of years and pretty sure he doesn't need any help from Treasury managing his press. 1/2
