Telis Demos

I write about Wall Street for The Wall Street Journal’s Heard on the Street, and I co-host WSJ’s Take on the Week podcast. [email protected]

[Telis Demos @telisdemos]

I totally forgot until rn that a major part of the plot of Don’t Tell Mom the Babysitter’s Dead is the lack of a real time paycheck system

[Wall Street Horizon @WallStHorizon]

Our Head of Research, @ChristineLShort, joined the @WSJPodcasts with @miriamgottfried and @telisdemos to discuss the sky-high earnings expectations this quarter as the banks kick off the Q2 reporting season tomorrow. #earnings #investing #stockmarket

[Telis Demos @telisdemos]

You’ve heard of Moore’s Law, which is how software gets faster and cheaper. Well so drug development goes backwards, getting slower and more expensive — so they call it Emoore’s Law https://t.co/obVpMvBckh

[Nick Timiraos @NickTimiraos]

Kevin Warsh rode an AI-productivity argument to Trump's Fed chair nomination. He says the boom will hold down prices and let the Fed cut rates. The pitch has run into a public wall of opposition from his future colleagues before he takes the job.

[Telis Demos @telisdemos]

huh, first and last name. Is it short for Jennifer? what else do members of the Richards family do for work? does Jenny have any siblings?

[Telis Demos @telisdemos]

"The rule proposed Monday makes clear that so-called continuation funds, where a firm buys a fund from its own affiliate using its own proprietary valuation methods, wouldn’t be eligible for the Labor Department’s safe harbor." https://t.co/s9kssXmy6U

[Greg Ip @greg_ip]

As private credit's troubles mount, it's natural to wonder if it could lead to another financial crisis, as with subprime. I spent some time studying the parallels. Here's my answer. https://t.co/bmRhA0D1v4

[Nick Timiraos @NickTimiraos]

"This is the first time in history that a reporter has ever apologized"

A great Alan Greenspan line from this delightful piece by @davidmwessel, who had a ringside seat to the Greenspan Fed that shines through here

Greenspan turns 100 next Friday

https://t.co/rJYt7zAgUG

[Gunjan Banerji @GunjanJS]

I asked @CliffordAsness what he thought of the #0dte trade

"These are bad ideas. You're paying too much. You're making Wall Street rich, and yourself poorer." 👀🎰

[WSJ Podcasts @WSJPodcasts]

How are businesses absorbing tariff costs without raising prices? @Citi’s Adoniro Cestari Neto joins WSJ’s Take On the Week co-host @telisdemos to dive into  "efficiency" strategies and supply-chain shifts that are reshaping global trade. Listen 🎧: https://t.co/OTSeyY4os0

[Telis Demos @telisdemos]

It seems that this state of affairs is seeping into consumer confidence -- those indexes are no longer just about "vibes," there's a growing concern about finding work https://t.co/2Gq54yLdwz

[RenMac: Renaissance Macro Research @RenMacLLC]

Job finding is the risk in the labor market. According to the NY Fed SCE, the probability of losing a job remains relatively low. However, the mean probability of finding a job if you lose one today plunged to 44.91%, a level never before seen in the history of this survey.

[WSJ Podcasts @WSJPodcasts]

A big question from investors: Are we in a bubble? @TRowePrice's Sébastien Page joins WSJ’s Take On the Week’s @TelisDemos @GunjanJS on why he thinks the AI trade has a strong market position and what investors can learn from sports psychology. Listen 🎧: https://t.co/OTSeyY4Why

[Telis Demos @telisdemos]

@Aureliusltd28 Doesn’t hurt

[Telis Demos @telisdemos]

What is everyone’s preferred explanation(s) for why this is?

[Lance Lambert @NewsLambert]

the mortgage industry hearing that the jobs report came in soft

[Telis Demos @telisdemos]

Private credit headed to Sturgis

[Bloomberg @business]

Harley-Davidson is in advanced talks to sell a stake in its financing unit as well as its existing motorcycle loan portfolio in a deal worth $5 billion to Pimco and KKR https://t.co/x9S3jF6Rrk

[Bloomberg @business]

Harley-Davidson is in advanced talks to sell a stake in its financing unit as well as its existing motorcycle loan portfolio in a deal worth $5 billion to Pimco and KKR https://t.co/x9S3jF6Rrk

[Telis Demos @telisdemos]

Folks, can someone help explain where the *new* demand for UST bills comes from? It can’t just be a deposit shuffling around. Is it from paper cash, perhaps a lot of it held overseas? Or is it the buying of bills at the expense of some other asset?

[Lisa Abramowicz @lisaabramowicz1]

Apollo's Torsten Slok: "If the US dollar stablecoin market grows into the trillions, it will significantly grow demand for US T-bills." Currently, the market is largely just used for crypto trading, and even still it ranks as a notable owner of Treasuries. https://t.co/ALJomtv9z4

[CHGO Cubs @CHGO_Cubs]

On this day in 1985, Ferris Bueller took the day off.

[Greg Ip @greg_ip]

Hiring freezes and staff shortages have reduced how many prices and outlets the BLS can check, leading to a potentially less reliable consumer price index, @mattgrossman reports. https://t.co/OJO0jTfjsa

[Telis Demos @telisdemos]

More on what happened in April: Deleveraging. From Equilend's April report