I have just informed my colleagues that I will step down as @ECB President on 7 February 2027. It has been a source of great pride to serve this institution. I thank all of those who have supported me on this journey over the past seven years.

The most vindicated headline of all time.

Share of consumer spending, by age group:

Women accounted for 98% of U.S. job gains in August, per FORTUNE

Me ne frego

WSJ, with a tough graphic. @WSJ

Fed governor Michael Barr says he would back a September rate increase if inflation “appears not to be moderating sufficiently.” The key outlook passage from his speech: “If trends in the data give me some confidence that inflation is moderating on a path to 2%, then I think we can take a bit more time to assess our policy stance. However, if inflation appears not to be moderating sufficiently, then I think we should act decisively to raise rates.” federalreserve.gov/newsevent…

rare footage of how forex repo trades settle

Kevin Warsh: "I’m going to hike rates. You guys better get ready. I’m gonna do it!" The market:

Warsh messing with the algos... says "hike" 3 times in the first 5 paragraphs

it may seem counterintuitive, you only need around 20-25% of people committed to a new behaviour before the population can start tipping toward it

2028 is going to be rough.

Me preparing for another week of Nasdaqistan.

We've come full circle to radical feminists arguing that women are driven psychotic by female hormones, and therefore can't be expected to have agency 100 years of women's rights, up in smoke Just like that

GOLD OVERTAKES U.S. TREASURIES AS THE WORLD’S TOP CENTRAL-BANK RESERVE ASSET — GOLD NOW 26.3% VS TREASURIES 20.2%, FIRST TIME SINCE 1996.

lmao

um, guys...

Britain if 1997 had just never happened.

U.S. FORCES HAVE QUIETLY OPENED A PROTECTED SHIPPING CORRIDOR THROUGH THE SOUTHERN STRAIT OF HORMUZ, ALLOWING 15-20 TANKERS TO TRANSIT NIGHTLY, WITH OFFICIALS SAYING THE OPERATION IS NOW MOVING NEARLY 10 MLN BARRELS OF OIL PER DAY — ABOUT HALF PRE-WAR LEVELS — HELPING EASE GLOBAL SUPPLY DISRUPTIONS. - AXIOS