Game theorists have found irrational behaviour interesting in that strategies may lead to optimal outcomes despite irrational choices. Very technical, including the words credible and incredible, which have specific meanings. In more digestible ...

Trump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on...

I think that one option for the situation where a maniac is democratically elected to high office and cannot be legitimately removed is to grant his every wish. Release the Kraken.

Trump: Leaning toward Warsh or Hassett to lead the Fed: WSJ

I don't know anything about the FSOC except that it "was established by the 2010 Dodd-Frank Act to help spot and defuse systemic financial risks." So, after the 2008 crisis which may have been caused, according to some, by the low Fed interest rates ...

Bessent calls for overhaul of regulator tasked with spotting systemic financial risks

Another example of Trump virtue signalling - expressing an opinion to demonstrate his good character by virtue of his great tariff initiative with the intent of gaining approval. It is something most often associated with those of the Left. Or maybe ...

Trump says U.S. will soon begin paying off national debt using tariff revenue

When will I get credit for having created, with No Inflation, perhaps the Greatest Economy in the History of our Country? - Trump, now. “We won with poorly educated. I love the poorly educated.” - Trump, then.

Trump: I inherited the worst inflation in history but now, it’s totally different. Prices are...

What does not kill me makes me stronger - Nietzsche 1888. Also closely associated with Marcus Aurelius and Seneca of Stoic philosophy.

How Trump’s tariffs forced China to pivot – and export more

He could agree with Miran, or in his absence, his economic rationalism for a substantial decrease in the FFR. He would be applying economics to the situation. No politics in that.

Hassett: As Fed Chair I would be apolitical

What that Trump fellow is not saying is that the USA did not give its consent to be taken advantage of. Now that would be interesting.

Trump: The current method of tariffing before the US Supreme Court is far more direct, less...

It is safe to recognise this as being written by someone who is not a liberal. Who then seeks to attribute the loss and decay in the US (somewhat cathartic that is being recognised, I think - a good start) onto another country which happens to be ...

French President Emmanuel Macron warned that the European Union may be forced to take 'strong...

Some really colourful propaganda going on here. Outside of the US, people in the real world are not so gullible. Mentioning anything from asbestos to concentration camps is a red flag that there are undiagnosed psychological issues in play.

French President Emmanuel Macron warned that the European Union may be forced to take 'strong...

Just because that Trump fellow can ignore the fundamental principle of most favoured nation doesn't mean that others may lower themselves so very low.

French President Emmanuel Macron warned that the European Union may be forced to take 'strong...

Not according to the 12 month Dallas Fed Trimmed Men PCE inflation. Aug 25 2.8%, Sep 25 2.7%. url

Fed's preferred inflation gauge stayed elevated in September as spending weakened

It would be better to look at 12 month figures. So if CPI was 102.7 in Sep 2025, and 100 in Sep 2026, then you could say that annual inflation was 2.7%. This is by no means ideal, but it's a good start. Monthly figures annualised are notoriously ...

Fed's preferred inflation gauge stayed elevated in September as spending weakened

Moira Donegan explores emerging cracks in a recent article. "The Republican party is far from moving beyond Trump – but signals of his waning influence are everywhere" and "More and more Republicans seem willing to break with Trump – something that ...

USTR: Trump could withdraw from USMCA next year - Politico

Comments such as these are about as useful as a Greek woman waxing. They come back exactly the same the next day.

USTR: Trump could withdraw from USMCA next year - Politico

Quite so. I trust that people know that it is OK to be Republican or conservative and still feel repugnant about Trump. Something I ought to mention is that Maryanne Trump Barry identified as a Republican and was first nominated by President Reagan ...

USTR: Trump could withdraw from USMCA next year - Politico

From the Wiki entry on Trump's late sister, Maryanne Trump Barry (who obviously received all the good DNA in the family) - "All he wants to do is appeal to his base. He has no principles. None. His goddamned tweeting and lying... oh my god. I'm ...

USTR: Trump could withdraw from USMCA next year - Politico

Do these guys (plural, there are others) swap blood with Trump in some ritual at The Overlook Hotel Mar-a Lago? Once probably reasonably regular, intelligent people. The interviewer questions Bessent on him flipping on his previously quite ...

‘I don’t believe tariffs are a tax,’ says Treasury Secretary Bessent

I know, sheesh. I was being absurd.

Venezuela tells OPEC US moves threaten supply

Proportionality is a rather different concept to that conveyed here. Law enforcement by a military operation in another sovereign country has nothing to do with proportionality. Is the US really saying this?

Venezuela tells OPEC US moves threaten supply