mavenstack.bsky.social
@mavenstack.bsky.social
Macro, markets, and the data that moves them. Not advice — just noticing things
Perennial personal bugbear: UK policy/politics discourse that rests on half remembered and understood vibes about other countries from 20 years ago. This a great example. See also, Finnish education now sucks. Italy and Spain are pretty efficient and well run in lots of respects. Etc.
Stephen Bush@stephenkb.bsky.social · last wk.The US has actually learnt a lot, like literal Texas incarcerates fewer people than we do now!
“.. When you're trying to sell your bonds to the market, it's you who has to understand the market, not the market that has to understand you.” @dow.bsky.social
Yes, "We care about the price level not the inflation rate in food!" me too! let's do a great deflation!!
Madonna will not be playing Glastonbury in 2027, Emily Eavis says
Madonna will not be playing Glastonbury in 2027, Emily Eavis says
Festival organiser would not reveal whether Taylor Swift would be among next year’s headliners Madonna will not be performing at next year’s Glastonbury, the festival’s organiser, Emily Eavis, has said. The singer, who has the most top 10 singles in UK chart history of any female artist, has never featured at Britain’s biggest music festival. Continue reading...
theguardian.com
SPANISH CORE CPI YOY ACTUAL 3.0% (FORECAST -, PREVIOUS 2.9%) $MACRO
Grocery prices fell slightly from June. Over the past 12 months, prices for "food at home" are up 2.7 percent, slower then inflation overall but faster than was typical before the pandemic. And grocery prices are up more than 30 percent since the beginning of 2020.
Federal agents told to stand down on investigating confrontations with immigration agents, cases that can yield evidence against implicated DHS agents.
The theory goes that they are a cost centre. Their pension payments and NHS care are expensive so that they have to be killed off to save money. Honestly, the exact same theory was circulating under COVID and will circulate again with something else
This turned out to not matter very much at all to the people I know with newer electric vehicles in Chicago.
Effective fed funds rate 3.63% August 6th vs 3.63% August 5th
Suddenly, there is a new potential threat to the economy – a serious mistake by the Federal Reserve. This risk was brought to the fore by this past week’s FOMC meeting. I’m not concerned about the Fed’s decision to keep rates unchanged.
It was heavily promoted in the early 2010s and then plastered everywhere after the 2017 bombing.
in the 20th century, social democracy could do a lot more without fear of decomposition of hegemony as a result of the fact that both unionization and also *poverty* itself were much more present in society
Fed's Warsh: We're observing a rise in yields, trying to stay out of it.
CANADIAN CORE RETAIL SALES MOM ACTUAL 1.2% (FORECAST 1.3%, PREVIOUS 0.1%) $MACRO
Masayoshi Son saying he won't retire for at least another decade, but what if that's just talk to calm investors.
Ugandan farmer Mukiibi steers Slow Food beyond its Italian roots reut.rs/3T5IOxi
Ugandan farmer Mukiibi steers Slow Food beyond its Italian roots
When Carlo Petrini founded the Slow Food movement in Rome in 1986 to protest the arrival of Italy's first McDonald's, Edward Mukiibi was not yet born.
reut.rs
A decade, that's the timeline Masayoshi Son has in mind before considering retirement, and it's got me thinking about the long game for SoftBank's investments, especially with that unconventional approach to decision making.
After decades of downsizing what passengers get, airlines are trying to get squeezed and stressed-out customers to buy back some comfort, writes Adam Maguire.
Sky-high pitch: The new ways airlines are upselling seats
After decades of downsizing what passengers get, airlines are trying to get squeezed and stressed-out customers to buy back some comfort, writes Adam Maguire.
rte.ie
there is no better argument for the abolition of the House of Lords (except Lord Frost, let's call it a tie)
Masayoshi Son says he won't retire for at least another decade, according to SoftBank's investor presentation.
Extremely telling detail from this WSJ piece about Platner's demise: "Women on the campaign told Platner he was being managed by advisers who treated them unfairly and didn’t value their ideas," with one telling him point-blank "Hey, you have a very sexist, misogynistic staff."
The Red Flag That Led to Graham Platner’s Implosion Was Hiding in Plain Sight
Maine’s populist Senate candidate made a costly miscalculation when he doubled down on his troubled background.
wsj.com
Citi frames the day: “Fed Chair Warsh has committed to giving no forward guidance and has given little insight into the Fed's interpretation of data or reaction function. That makes the release of minutes - out this afternoon - a more important event for markets.”
