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Bob Burgess

@bobburgess.bsky.social
2.5K followers 633 following 3.3K posts

Bloomberg Opinion Executive Editor and markets/eco columnist. Former Executive Editor for Global Markets. Opinions are my own.

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Bob Burgess @bobburgess.bsky.social · 2h
The huge dengue outbreak in Florida feels under-reported apnews.com/article/deng...
apnews.com
Florida's dengue outbreak is now the largest in the continental US in decades
Florida is experiencing its largest dengue outbreak in decades, with over 250 locally acquired cases reported this year.
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Bob Burgess @bobburgess.bsky.social · 4h
In his 20 months on the job, Treasury Secretary Scott Bessent has made a habit of putting his economic predictions on the record. Most have been off the mark.  www.bloomberg.com/news/article...
bloomberg.com
Scott Bessent’s Rosy Forecasts Are Putting His Credibility at Risk
The US Treasury Secretary risks boxing himself in with his prognostications on gasoline prices, the housing market and the economy.
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Erika McEntarfer @erikamcentarfer.bsky.social · 02/10/2026
Good on Michael Lewis for giving the DOGE story the journalistic-thriller treatment it deserves. Two events that fundamentally shook my sense of this country's stability were January 6th, 2021, and the six months I spent dealing with DOGE.
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Mark Gongloff @markgongloff.bsky.social · 02/10/2026
Food shortages. Deadly heat. Crumbling California coast. All likely to come with El Niño, yes, but all DEFINITELY to come from climate change. We've had lots of warning about both, but how are we using that time? Gift link to my @opinion.bloomberg.com column www.bloomberg.com/opinion/arti...
bloomberg.com
The Godzilla El Niño Is a Rehearsal for the Rest of Our Lives
The longer you have to prepare for a disaster, the likelier you are to walk away from it mostly intact. Tornadoes can spin up in minutes, barely giving you time to hustle to a cellar or bathtub. Hurri...
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Bloomberg Opinion @opinion.bloomberg.com · 02/10/2026
That it took new Thomas Jefferson DNA to confirm he fathered children with Sally Hemings shows how deeply America has sanitized slavery to protect its national myth
bloom.bg
Thomas Jefferson’s DNA Punctures America’s Slavery Amnesia
New research using a strand of hair from Thomas Jefferson has effectively settled a longstanding, acrimonious debate: He almost certainly fathered children with Sally Hemings, a young Black woman he enslaved.
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JP Spinetto @jpspinetto.bsky.social · 02/10/2026
Mexican exports are booming, reaching $550 billion (!) so far this year But there is a not-so-great part of this trend that requires careful thinking my latest for @opinion.bloomberg.com on Mexico's AI caveats www.bloomberg.com/opinion/arti...
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Bloomberg Opinion @opinion.bloomberg.com · 02/10/2026
Amazon is equipping thousands of delivery drivers with smart glasses that photograph their surroundings, @davelee.me says. But what happens to all that data? 🎥
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Bob Burgess @bobburgess.bsky.social · 01/10/2026
"As of June 30, roughly 9.3 million Americans — or 1 in 5 student loan borrowers — hadn’t made a payment on their debt in more than a year, up from 5.3 million in the summer of 2025, according to data from the Education Department." www.bloomberg.com/news/feature...
bloomberg.com
Soaring Student Loan Bills Add to Voters’ Affordability Squeeze
More than 9 million Americans are at least one year behind on their payments.
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Bob Burgess @bobburgess.bsky.social · 01/10/2026
If it gets to the point that we're relying on inflation to "pay off that debt" then the US economy will be in big trouble.
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Bob Burgess @bobburgess.bsky.social · 01/10/2026
www.bloomberg.com/news/article...
bloomberg.com
The Biggest Jump in Global Crop Prices Since 2022 Threatens to Boost Inflation
Global agriculture prices notched their biggest quarterly jump since Russia’s 2022 invasion of Ukraine, as tensions in the key Black Sea region and extreme weather threaten more inflationary worries f...
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Bob Burgess @bobburgess.bsky.social · 01/10/2026
Brace for more food inflation:
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Bob Burgess @bobburgess.bsky.social · 01/10/2026
"Trump has lived down to the expectations of his most pessimistic skeptics by sowing chaos and wrecking the international order that the US sponsored and built after World War II." www.bloomberg.com/opinion/arti...
bloomberg.com
Trump’s Legacy at Halftime: Weakness Through War
With the congressional midterm elections nigh and the midpoint of Donald Trump’s second presidency not far behind, it’s time to ask: How does Trump’s foreign policy measure up so far? And where is it ...
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Bob Burgess @bobburgess.bsky.social · 01/10/2026
"Putting out figures, or using definitive language, goes far beyond what was agreed." www.wsj.com/world/asia/s...
wsj.com
South Korea Contests U.S. Claims of New $50 Billion Alaska Investment
The Trump administration asserted this week that South Korea will fund an LNG pipeline, but Seoul is disputing the status of negotiations.
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
WUT? *HEGSETH: MUSK, GINGRICH, LUCKEY WILL LEAD NEW PENTAGON PROJECT
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
 “At no point during our evaluation did we find reasonable grounds to believe that a violation of federal criminal law had occurred requiring a referral to the US Attorney General in accordance with the Inspector General Act.”  www.bloomberg.com/news/article...
bloomberg.com
Fed’s Watchdog Finds No Evidence of Criminality in Renovations
The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint betwee...
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
*FED WATCHDOG FINDS NO CRIMINAL VIOLATIONS IN RENOVATION PROJECT
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
It hasn't been a good year for the Truth Social God Bless America ETF (white line) as the S&P 500 (blue line) powers ahead. $YALL
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Dave Lee @davelee.me · 30/09/2026
Amazon is ramping up its program to give delivery drivers smart glasses. The device captures still images constantly from the moment the driver leaves his van and walks to your door, potentially thousands per shift. You can’t opt out www.bloomberg.com/opinion/arti...
bloomberg.com
Amazon Drivers’ Smart Glasses Are Going to Be an Image Problem
Coming soon up a garden path near you: an Amazon.com Inc. driver wearing smart glasses, almost constantly taking pictures and sending them back to the company to be analyzed by humans and fed into an ...
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
THE US CHAMBER OF COMMERCE: 27% of small businesses rate the health of the US economy as good this quarter 33% say their local economy is in good health The results represent "a sustained drop on both measures, which are down 13 percentage points from Q3 2025" www.uschamber.com/small-busine...
uschamber.com
Key Findings: Operations, Environment & Expectations
The U.S. Chamber of Commerce is the world’s largest business organization. We advocate, connect, inform, and fight for business growth and America’s success.
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
The US is losing the trade wars: "The US merchandise-trade deficit unexpectedly widened in August, reflecting a jump in the value of imports of industrial supplies such as petroleum products." www.bloomberg.com/news/article...
bloomberg.com
US Merchandise Trade Deficit Unexpectedly Widened in August
The US merchandise-trade deficit unexpectedly widened in August, reflecting a jump in the value of imports of industrial supplies such as petroleum products.
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
The stock market is increasingly looking like one giant value trap, according to Jonathan Levin in @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
bloomberg.com
Stocks Are Suddenly Looking Cheap? It's Just a Mirage
Has the stock market bubble quietly burst already? Even though the S&P 500 Index has mostly treaded water for the past four months, Wall Street analysts have continued to boost their earnings esti...
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
JAVIER BLAS for @opinion.bloomberg.com: "In the eyes of many oil traders, the attack earlier this month against the East-West pipeline, a Saudi oil conduit which has allowed the kingdom to bypass Hormuz, is a rehearsal of what’s about to come." www.bloomberg.com/opinion/arti...
bloomberg.com
Why Is Oil at $100 If Trump Is Winning the Battle in Hormuz?
I don’t know who will win the US-Iran war. But if you ask me who’s prevailing in the battle over the Strait of Hormuz, it’s clear US President Donald Trump has the advantage. As much as Tehran says th...
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Bob Burgess @bobburgess.bsky.social · 30/09/2026
More headlines from the "Golden Age" www.bloomberg.com/news/article...
bloomberg.com
US Mortgage Rates Increase to an Almost Three-Year High of 7.3%
US mortgage rates climbed for a sixth straight week to an almost three-year high, thwarting would-be homebuyers.
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Bill McBride @calculatedrisk.bsky.social · 29/09/2026
Daily pain for mortgage rates ... 7.58% www.mortgagenewsdaily.com
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Bob Burgess @bobburgess.bsky.social · 29/09/2026
Bloomberg Eco: "Xi Wants to Manage the US — He’s Succeeding"
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Bob Burgess @bobburgess.bsky.social · 29/09/2026
What's remarkable about the plunge in consumer confidence is that it's now cratering among the older and more affluent cohorts:
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Bob Burgess @bobburgess.bsky.social · 29/09/2026
How bad is it? Bloomberg surveyed some 50 economists on what they expected the Consumer Confidence index to come in at today. The lowest estimate was 86.2. The actual number was 81.9:
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Bob Burgess @bobburgess.bsky.social · 29/09/2026
More news from the "Golden Age": "The average time it takes to find a job recently surpassed six months, the longest stretch since the mid-2010s outside of the pandemic era, and the resulting rise in long-term unemployment is unprecedented outside of recessions." www.bloomberg.com/news/article...
bloomberg.com
It’s Taking Longer for Unemployed to Find a Job Even as US Economy Grows
Beneath the surface of a low unemployment rate in the US, the ranks of people facing prolonged periods of joblessness are increasing.
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Bob Burgess @bobburgess.bsky.social · 29/09/2026
It looks like it's gonna be a very expensive Thanksgiving this year. Arbor Data Science says wholesale turkey prices have almost doubled since 2024:
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Liam Denning @liamdenning.bsky.social · 29/09/2026
Trump’s gutted fuel economy ‘standards’ are a gift to automakers - the kind that ticks and goes boom @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
bloomberg.com
Trump’s New Fuel Standards Put US Autos in Reverse
The Trump administration’s new fuel-economy standards hew to Homer Simpson’s approach to tough tasks or failure: “Never try.” They are simultaneously a gift for US automakers and an act of sabotage to...
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Bloomberg Opinion @opinion.bloomberg.com · 28/09/2026
Universal public health insurance may sound expensive, but expensive is a relative term — the US government already spends 8.9% of GDP on healthcare
bloom.bg
Universal Public Health Insurance Is the Answer
Employer-sponsored health insurance is rapidly deteriorating. In 2027, premiums are expected to see their largest single-year increase in two decades, jumping 11% and closing in on a nearly five-fold increase this century. The amount workers pay for their portion today would have covered the entire premium in 2000.
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Bloomberg Opinion @opinion.bloomberg.com · 28/09/2026
Chart dominance no longer guarantees a place in the broader cultural zeitgeist.
bloom.bg
Never Heard 'Choosin' Texas'? Consider That a Wake-Up Call
Music fans and journalists who spent the last few months looking for the song of the summer faced a plot twist fit for Hollywood: The winner was a single released last October. Billboard announced last week that Ella Langley’s Choosin’ Texas had secured the No. 1 spot on the Hot 100 chart for the 23rd week, breaking the record held by Mariah Carey’s All I Want for Christmas Is You.
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Bob Burgess @bobburgess.bsky.social · 28/09/2026
SHOT: *TRUMP OPEN TO IRAN SANCTIONS RELIEF ON NUCLEAR ISSUES: CNN CHASER: *IRAN OFFICIALS PESSIMISTIC ABOUT DEAL WITH US BEFORE MIDTERMS
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Bob Burgess @bobburgess.bsky.social · 28/09/2026
🚨 30-year mortgage rates being quoted at 7.50% today!!!!
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Bob Burgess @bobburgess.bsky.social · 28/09/2026
"Some of that gold, The Times found, is linked to miners who pay gang protection money. That allows criminals to profit from the administration’s signature deal. And American financiers are investing in a mine tied to gangsters as part of a deal brokered by the Trump administration."
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Bob Burgess @bobburgess.bsky.social · 28/09/2026
"...a New York Times investigation, from the mines of southern Venezuela to the White House to the trading houses of Europe, found that Mr. Trump aligned America with an industry that is still plagued by the very criminality that he said he was fighting..." www.nytimes.com/2026/09/28/w...
nytimes.com
Trump Brought Venezuelan Gold to the U.S., but Refiners Won’t Touch It
The administration is brokering deals in a notoriously corrupt industry, including one with a company that the United States deems a security threat.
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Bloomberg Opinion @opinion.bloomberg.com · 28/09/2026
The autonomous-vehicle industry is proving that AI can be tightly controlled and work safely around humans
bloom.bg
Driverless Trucks Show How to Keep AI Robots From Killing Us
The most bothersome aspect of the warning that artificial intelligence could wipe out humanity is that there are few details about how a rogue computer model could actually accomplish it.
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Bloomberg Opinion @opinion.bloomberg.com · 28/09/2026
Entrepreneurs can innovate to create wealth for the many or to reallocate it into their own pockets. It's too bad that current rules favor the latter
bloom.bg
The Incentives for Entrepreneurs Have Become Warped
A recent New York Times investigation found that sports betting company DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The data analyst assigned to test the model began to worry that many of the customers ranked highest were prone to addiction. By financial logic, the analyst said, “the best investment would be a problem gambler.”
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Bob Burgess @bobburgess.bsky.social · 25/09/2026
There's a direct link between ICE activities and soaring beef prices: "Thousands of cattle set to be shipped to beef processors have been affected by US Immigration and Customs Enforcement activity, according to a joint statement from rancher industry groups." www.bloomberg.com/news/article...
bloomberg.com
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Bloomberg Opinion @opinion.bloomberg.com · 24/09/2026
Forget about bringing an iced coffee to the job interview — the new way to show you’re serious is with a seafood boil
bloom.bg
Iced Coffee at a Job Interview? How About a Seafood Boil?
How you take your caffeinated beverage is not really a proper question in the corporate world.
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Bloomberg Opinion @opinion.bloomberg.com · 24/09/2026
Is it acceptable to bring an iced coffee to a job interview? @bethkowitt.bsky.social says there’s a larger conversation we should be having 🎥
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Cato Institute @cato.org · 25/09/2026
More say tariffs harmed US manufacturing than helped it. A March Cato/Morning Consult survey found that 49% of Americans say Trump administration tariffs have hurt US manufacturing, compared with 37% who say they’ve helped and 14% who see no impact. ow.ly/IHMs50ZQmgM
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Bob Burgess @bobburgess.bsky.social · 24/09/2026
"That’s an admission of how badly the Hormuz crisis has strained US military capabilities — and a warning that America’s partners may increasingly find themselves on their own."
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Bob Burgess @bobburgess.bsky.social · 24/09/2026
HAL BRANDS: "For now, American policy is essentially that it is acceptable for the Houthis to blockade and bombard Saudi Arabia so long as they don’t broaden their assault on Red Sea shipping." www.bloomberg.com/opinion/arti...
bloomberg.com
Saudi Arabia Can’t Trust the US But Has No Other Options
The world is in a strange liminal space, between a decaying, American-led order and some new geopolitical structure that has yet to cohere. Witness the strategic dilemmas Saudi Arabia faces in a viole...
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Bloomberg Opinion @opinion.bloomberg.com · 24/09/2026
The firestorm over whether it's acceptable to bring iced coffee to a job interview reflects deeper anxieties over the rapidly evolving workplace landscape
bloom.bg
The Workplace War Over Iced Lattes Isn't About Coffee
Is it acceptable to bring an iced coffee to a job interview?
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Bob Burgess @bobburgess.bsky.social · 24/09/2026
BREAKING: *NY ACCUSES POLYMARKET OF RUNNING ILLEGAL GAMBLING OPERATION *NY SEEKS COURT ORDER TO FORCE POLYMARKET TO FORFEIT GAINS
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Jesse Felder @jessefelder.com · 24/09/2026
‘More analysts have cut rather than raised their earnings estimates for the first time in 23 weeks, ending what had been the longest run of upgrades since September 2021, according to a Citigroup Inc. index.’ www.bloomberg.com/news/article...
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Mark Gongloff @markgongloff.bsky.social · 24/09/2026
"AI investment is projected to total $10.3 trillion from 2025-32 ... a staggering 3.6% of GDP/year. Never before has the US economy been so dependent on the buildout of a single industry." And we were told a clean-energy transition was too expensive (gift link) www.wsj.com/economy/the-...
wsj.com
The AI Build-Out Is Becoming the Biggest Economic Bet in U.S. History
Data-center spending is greater than that for canals, railroads and grid combined—creating jobs and stock-market wealth, while boosting inflation and crowding out housing.
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Bob Burgess @bobburgess.bsky.social · 24/09/2026
More headlines from the "Golden Age" www.bloomberg.com/news/article...
bloomberg.com
Mortgage Rates at 7% Are Forcing Home Sellers to Slash Prices
Less than a week after listing his Marlborough, Massachusetts, home for $1.28 million, Alton Bradshaw had already cut the price twice.
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Bob Burgess @bobburgess.bsky.social · 23/09/2026
"The source in Politico's story was not speaking against the White House's wishes, but spoke in an authorized call during which reporters were instructed to attribute information to a 'senior administration official.'" www.washingtonpost.com/business/202...
washingtonpost.com
The White House cited anonymous quotes in Politico ban. It was the source.
In a letter defending its ban of Politico, the White House critiqued a report based on a press call it conducted, where reporters were told not to name the speaker
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