Yolonomics

Hey hey hey!!! I made the T-shirt actually a thing. I'm selling it from the store of a future music project right now… I'm not paying shopify another monthly fee. That being said this is fun… so if there's sales, I'm definitely down for an entire collection and its own store. Yolonomics all the way.

🔊New on The Big View 🎧: This summer, ING Chief Economist @mariekeblom.bsky.social set herself the challenge of presenting a glass-half-full case for Europe's economy. She explained why people are too gloomy about demographics, productivity, technology, and much more. www.youtube.com/watch?v=TJ2G...

Don't want to burst the bubble here but… not sure if these people have any idea how many feel utterly useless in their job and get treated like dirt. I know that sounds very pessimistic but I really am starting to think higher-educated people have NO IDEA. none. *Chip on my shoulder activates* 😂

🚨BREAKING: Judiciary Democrats’ report details mounting evidence linking Trump to Epstein’s criminal activities and DOJ’s cover-up; specific accounts involving 11 women provide more evidence of potential sex crimes. democrats-judiciary.house.gov/media-center...

The Oligarch and the Art Dealer

badabing badaboom

otherwise, not getting carried away FT/FTAV blogging Anthropic's S-1 here www.ft.com/content/4b2b...

*screeech*

Government Debt/GDP in Brazil seems to fluctuate beyond left-center-right politics. Both sides of the spectrum experienced highs, jumps and falls. Is that a fair assumption? Also too high depends on the plans and the reasons for a high debt. Extremes however risk fiscal dominance, especially in EM.

I'm sensing hedge fund with burnt trades here.

X algo pushing the fear factor. Preppers standby. 👀

👀 Max Kettner @ HSBC, the most reliably upbeat analyst I can think of, is spooked "We've been max OW stocks and max UW sovereign bonds since mid-March. Given the constant narrative bingo we just can't have the same level of conviction any longer. Tactically neutral equities and OW DM sovs"

The market didn't fail because the "crowd" went crazy. The market failed because the "crowd" was never actually in the room!

Not only a vital defeat of the far right, but also a win of inestimable value for the planet.

None of this is on the national news channel in Belgium… they only show the riots and the violence (which, yes, also happens, sadly enough). But the framing… embarrassing.

Luiz Inácio Lula da Silva pulled off a dramatic comeback that hands him a fourth term in office with a narrow victory over rightwing challenger Flávio Bolsonaro, dealing a blow to Donald Trump’s aim of greater US influence in Latin America. ft.trib.al/qJm00OD

A lot of peaceful people protesting.

Heh

Never any images of police violence on national media…? But outrage for a few burning trash cans. Why is that? @vrtnws.be

…

There’s a guy on TikTok who posts just him taking a pizza out of the oven every day with tongs and all of the comments are about how their day is ruined from having watched this

“If you wanna make an omelette, you gotta break a few eggs. Also you have to bring the eggs but the omelette is mine. PS I’m gonna harass you about it”

La douce France and its rebels. 🥹

Has anyone checked in with the ultra-rich in Paris? Are they holding up? I mean, not the unrest, but like the risk of being taxed and stuff. Horrible times.

New books. Happy.

The new design at Ferragamo is a bit brutalist.

A charming read on the dark clouds hanging above France.

Yah, just call it a day.

Get rrrrrrready.

Dude is days away from saying "fetch me a sandwich, you peasant vagina woman thing."

Feel like being part of society. Feel rewarded by your job. It’s good for your self-esteem. Don’t forget to include your motivational letter! Very important.

It seems hedge funds and retail really got gold wrong in aggregate when it comes to futures & options. (Currently that is, the future is obviously undefined.)

"Bessent is acting as if America can avoid hard fiscal choices by using clever market arbitrage, endless AI optimism — and its exorbitant privilege" Nice column from Gillian Tett on Bessent's tilt to short-term debt issuance www.ft.com/content/bf95...

Is Dan comparing the "AI build-out" to the "Vegas Strip" his way of sending a warning message?🥹 Can we stop asking opinions of people who have their fingers in the cookie jar? Yorkville Ives > Capital raising, M&A advisory, Institutional trading and execution services.

Well Joe, whether it's arbitrage, trading, investing, … anything really… is not about being "in the trade", it's what should you pay for what you get. Your value at CNBC is being questioned by the way. I however, do think you're the perfect voice for Wall Street. All Aboard!

Good news, Discount window lending had a slight pullback from last week. Still, keeping an eye on it.

Noice

Besides me questioning why "luxury brands" feel like McDonalds, just way more expensive, The "days outstanding inventory" for Kering is rather intriguing. Most of it is commercial inventories after looking at the notes. I'm no specialist in the fashion business but styles do change rather fast?