Omar Kuri

[BuccoCapital Bloke @buccocapital]

The entire AI capex trade depends on guys like this spending $20,000 to build an app that tells them their gym is busy after work

[George Sivulka @gsivulka]

https://t.co/aLTltYpmcj

[zerohedge @zerohedge]

One day later

IBM SHARES CLOSE 25% LOWER, BIGGEST DROP ON RECORD, ERASE $69 BILLION IN MARKET VALUE

[Sid Prabhu @sidprabhu]

Congrats to Jerome Powell for missing the 2% YoY inflation target for the last 60 months of his tenure as Chair, including his entire second term. 🐐

[Brad Setser @Brad_Setser]

The old exportweltmeister has been dethroned -- and its economy is suffering at the hand of the new exportweltmeister (China).

That is the story told by both a new ECB paper and the FT in an excellent new piece

1/

[Chris Freiman @cafreiman]

Capitalism has dramatically increased the spare time enjoyed by everyone

[Barchart @Barchart]

Warren Buffett is now sitting on enough cash to buy 476 companies in the S&P 500 👀

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

My New Year's essay this year is about the return of war to our world.

https://t.co/G8nPNBlPE8

[Frederik Ducrozet @fwred]

🇺🇸 Fed pricing vs. previous easing cycles.

[Dan Davies @dsquareddigest]

the thing is that the big advantage the American banks had over European counterparts is that everyone trusted their capital. now they've got a dodgy version of Basel, unrealised losses on securities and supervisors that fold when the stress test is challenged.

[The New Yorker @NewYorker]

The mathematician Kurt Gödel’s incompleteness theorem ranks in scientific folklore with Einstein’s relativity and Heisenberg’s uncertainty. https://t.co/PMYnrvyIw8

[Alisdair McKay @AlisdairMcKay]

Rents have been driving inflation recently. @neilmehrotra, @JavierBianchi7, and I have been thinking about the implications for monetary policy. 1/9

[Omar Kuri @omarkuuri]

@ivancarrino @leomezzi81 Pregunta, no crees que forcé un ajuste fiscal restrictivo al subir la carga de intereses del Tesoro? Si no lo hacen, tarde o temprano esos “pases” van a “regresar” al BCRA. Gracias, Iván.

[Brad Setser @Brad_Setser]

Probably still my best chart ...

China's visible US holdings relative to its reserves

1/x

[Robin Brooks @robin_j_brooks]

If you want to see just how exceptional Brazil's trade surplus is, compare Brazil to its peers across emerging markets. There is no other EM - no one - that has transformed itself quite like Brazil. Brazil will graduate from EM to G10 status in the coming years...

[All The Right Movies @ATRightMovies]

What is the best movie you've ever seen that is hard to recommend?

The Fountain

[Robin Brooks @robin_j_brooks]

This is Brazil. A transformation into a huge trade surplus country powered by agricultural exports (lhs, orange) going to China (rhs, red). If the West wants to pry Brazil from the "Global South," it's got to put its money where its mouth is and stop protecting its own farmers...

[Robin Brooks @robin_j_brooks]

This year's widening in Turkey's current account deficit is highly unusual and worrying. The "core" goods deficit (blue) is stable from last year. Instead, the widening in the deficit is about gold imports (pink). That could reflect building expectations of more Lira devaluation.

[Jim Bianco @biancoresearch]

1/21

Longer🧵on bank deposits, financial market distortions, how the debt ceiling plays into this, and its coming impact on the economy.

Don't worry, like Playboy Magazine ... lots of (G-rated) pictures!

But I know you're here for the articles!