JP
@jppierce.bsky.social
Every republic walks a line—liberty for the vulnerable or power for the mighty. NPR, PBS, and WCPE keep me steady. Gardening grounds me; naps keep me honest. FWIW, I've risen to my level of incompetence. Dry and wry—proceed accordingly.
A major bank closing 300 Trump bank accounts because they were flagged for potential money laundering should be a far bigger story…
Is the President Laundering Money?
A major bank closing 300 Trump bank accounts because they were flag...
youtu.be
Financial repression is just what policymakers call it when they're preserving financial stability as debt service costs rise. Scott Bessent on line 1. Kevin Warsh on line 2. Lyn Alden on line 3. Please hold. That this reckoning arrived during Trump's watch is almost too on the nose.
Reuters@reuters.com · 19h agoJapan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports reut.rs/45FsxCd
Treasuries. JGBs. Yen. Three interconnected markets. One tool: CONFIDENCE. Funny how everything—from sovereign debt to trillion-dollar data centers—ultimately runs on confidence. Welcome to the Age of Trump: The Confidence Games
Jesse Felder@jessefelder.com · 24h ago‘U.S. Treasuries, JGBs and the yen have all undergone periods of heavy stress in recent decades, but rarely have all three been under such pressure at the same time. And this comes as market confidence in new Fed Chair Kevin Warsh and the BOJ is running dry.’ www.reuters.com/commentary/r...
Train Engine Off The Rails
ALT: Train Engine Off The Rails
static.klipy.com
Jesse Felder@jessefelder.com · 24h ago‘Microsoft, Meta, Oracle, Amazon and Alphabet have committed about $1.09 trillion in future payments under leases that have not yet begun and so do not yet appear as liabilities on company balance sheets.’ www.reuters.com/business/ret...
“Ultimately, you know this is gonna blow up. Every great Industrial Revolution in history… you end up with overinvestment… and you always end up with a bust.” www.cnbc.com/video/2026/0...
Watch CNBC’s full interview with Niles Investment Management’s Dan Niles
Dan Niles, founder and portfolio manager at Niles Investment Management, joins 'Squawk on the Street' to discuss open source models, markets, and more.
cnbc.com
Polish swimmer Bartłomiej Kubkowski has become the first person in history to swim across the Baltic Sea between Sweden and Poland, covering a distance of just over 160 kilometres (99 miles). While raising nearly 200,000$ for children's cancer treatment: #AGoodPlace
How many institutions are now being asked to support the administration's financing strategy? The easy-money debt of 2020 is rolling into roughly 5% refinancing. Someone's sweating like a stuck pig in August.
Jesse Felder@jessefelder.com · yesterday‘The only way to durably rein in Treasury yields is to exercise fiscal restraint and stop adding marginal pressure to an already challenging inflation problem through tariffs and geopolitical misadventures.’ www.bloomberg.com/opinion/arti...
Pulling out all the stops to keep Treasury yields in check. With midterms approaching, few in Washington are eager to find out what an unconstrained bond market would do. Warsh's moment of truth has arrived.
Jesse Felder@jessefelder.com · yesterday”The Fed is very cautious when it comes to doing things that look like they’re veering into foreign policy or fiscal policy. The coordinated intervention does seem to be a very political project by the admin. and the question is: Is it the Fed’s role to enable that?“ www.wsj.com/economy/cent...
He saw a guy running for the bus and helped him catch it. Original post
"Anchors away." Once the nominal anchor slips, markets stop navigating by it—they start navigating by politics, debt arithmetic, and inflation expectations instead. The political calendar becomes the new reaction function.
Jesse Felder@jessefelder.com · 3d ago’A chairman who names his target, explains his reaction function, and then demonstrates that he will act on it makes the fiscal authority’s problem harder and his own easier, while a chairman who names nothing at all makes precisely the opposite trade.‘ marketmonetarist.com/2026/08/01/w...
Historian Rutger Bregman is a well-respected proponent of a universal basic income. The Guardian has called him “the Dutch wunderkind of new ideas.” The BBC invited Bregman to give this year’s Reith Lecture series. Before airing, the BBC removed one sentence from his lecture, “A Time of Monsters.”
Today's #1 song above the Arctic Circle: Glenn Frey – The Heat Is On. Nobody wanted this song to age this well.
Klimaatcommunicatie 💚@klimaatcom.bsky.social · 3d agoVoor de eerste keer is er een temperatuur gemeten van 100° F / 38° C boven de poolcirkel ...
What are ya gonna do? Eighty years. Not a bad run. Rest easy, Vincent.
Vito Spatafore Vito Gay
ALT: Vito Spatafore Vito Gay
static.klipy.com
Does anyone know how to do this?
The Japanese get suckered into defending both the yen and the U.S. Treasury market. Quite the alliance.
Jesse Felder@jessefelder.com · 4d ago‘The rub for the Trump administration is that if Japan is left on its own to defend the yen, Tokyo may have little choice except to sell down its holdings of Treasuries to fund more currency intervention, which would have a negative impact on US borrowing costs.’ www.bloomberg.com/news/article...
So we're down to a bread and tomato sandwich now.
Michelle@michelleroy78.bsky.social · 4d agoA bacon recall was not on my 2026 bingo card.
Post a movie or TV show that warned us about AI. I'll start.
Robot B-9 Says Danger!
ALT: Robot B-9 Says Danger!
static.klipy.com
when you get a citation for a volume to which you've contributed next to nothing
Amazon has you by the subsidies, shoppers.
Jesse Felder@jessefelder.com · 4d ago‘Amazon invested $15bn saying it would add $35bn if certain milestones, including an IPO or a breakthrough in AI, were achieved. It has now invested the full sum, providing the lossmaking start-up with fresh firepower despite neither of those conditions being met.’ www.ft.com/content/8ae9...
Very Interesting But Stupid Reaction
ALT: Very Interesting But Stupid Reaction
static.klipy.com
Unusual Whales@unusualwhales.bsky.social · 4d agoBREAKING: Trump Media and Technology Group has launched its new paid data service that provides faster access to Truth Social posts from President Donald Trump
