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John Cassidy

@johncassidysays.bsky.social
7.7K followers 452 following 808 posts

Economics writer at The New Yorker. Author of “Capitalism and Its Critics: A History from the Industrial Revolution to AI" and other beach reads.

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Reposted by John Cassidy
George Conway ⚖️🇺🇸 @gtconway.bsky.social · 02/10/2026
Well, gee, this certainly makes $6 per gallon diesel worth it
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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 01/10/2026
Corporate profits now represent 14.9% of GDP, the highest share on record going back to 1947 Citadel Rubner
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John Cassidy @johncassidysays.bsky.social · 28/09/2026
Trump's disapproval rating hits 60% in poll average. You may well ask who the 37.4% are. Significant nonetheless.
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John Cassidy @johncassidysays.bsky.social · 28/09/2026
Helpful pull together and assessment of the latest guesstimates for forward AI capital spending, AI revenues, and required rates of return by the RobinWigglesworth.ft.com Common theme: huge $ sums, and, at this stage, it's largely funny money. www.ft.com/content/f83b...
ft.com
What is the AI capex breakeven rate?
Heroic ROIC
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southpaw @nycsouthpaw.bsky.social · 26/09/2026
“Beyond two parking tickets for not moving his vehicle during snowstorms, Abdullah has no criminal record in Minnesota and was working legally as a mechanic while his asylum application was pending. He arrived in the United States in early 2023.”
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G Elliott Morris @gelliottmorris.com · 24/09/2026
No president has ever gone into a midterm election as unpopular as Trump is today. Not even George W. Bush in 2006. Trump's net approval is twice as low as it was at this point in 2018. blog.fiftyplusone.news/p/no-preside...
blog.fiftyplusone.news
Democrats hit midterm high as Trump approval reaches new low
No president has gone into a midterm election this unpopular. Not even George W. Bush in 2006.
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John Cassidy @johncassidysays.bsky.social · 22/09/2026
In time for the new school year--and the P(doom) debate--I'm pleased to say that my book "Capitalism and Its Critics: A History from the Industrial Revolution to AI" is available in paperback. 1/4
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John Cassidy @johncassidysays.bsky.social · 22/09/2026
In time for the new school year--and the P(doom) debate--I'm pleased to say that my book "Capitalism and Its Critics: A History from the Industrial Revolution to AI" is available in paperback. 1/4
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David Corn @davidcorn.bsky.social · 22/09/2026
He ought to be asked about this when he’s presented as a Democratic strategist.
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John Cassidy @johncassidysays.bsky.social · 17/09/2026
What a fiasco.
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John Cassidy @johncassidysays.bsky.social · 16/09/2026
The Trumps would only do this stuff if they felt invulnerable, which apparently they are.
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Ivan the K ™ @ivanthek.bsky.social · 16/09/2026
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Jon Cooper @joncooper-us.bsky.social · 16/09/2026
The United States is preparing to sell Israel 40,000 bombs weighing 2,000 pounds (nearly a ton) each in a $2.8 billion sale. IT’S FUNDED BY U.S. TAXPAYER MONEY. The Trump administration has approved the sale, making it among the largest deliveries of U.S. munitions to Israel.
haaretz.com
Report: Trump approves $2.8 billion sale of 40,000 one-ton bombs to Israel
In 2023, Israel reportedly used MK-84 bombs, which reportedly make up half of the sale, in areas of the Gaza Strip designated as safe for civilians, with each strike creating a crater measuring at lea...
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John Cassidy @johncassidysays.bsky.social · 15/09/2026
Seems like a fair question. Taxpayers dollars.
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Forbes @forbes.com · 14/09/2026
Macklemore defended his remarks last week, saying, “Wanting all humans to be treated equal should never be controversial.”
forbes.com
Macklemore Removed From Ed Sheeran's Tour After 'Free Palestine' Remarks, Report Says
Macklemore defended his remarks last week, saying, “Wanting all humans to be treated equal should never be controversial.”
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Andrew Weinstein @andrewjweinstein.com · 09/09/2026
You know who actually did show up at Ground Zero? Canadian emergency rescue crews.
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John Cassidy @johncassidysays.bsky.social · 07/09/2026
"An A.I. apocalypse in the labor market doesn’t appear to be arriving on the schedule advertised by the likes of Altman and Amodei. But having a bit of breathing space is no excuse for inaction." www.newyorker.com/news/the-fin...
newyorker.com
Has the A.I. Job Apocalypse Been Postponed?
So far, the proliferation of A.I. models such as Claude and ChatGPT hasn’t led to mass displacement of workers. But deployment is accelerating and economic pressures are rising.
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John Cassidy @johncassidysays.bsky.social · 07/09/2026
"An A.I. apocalypse in the labor market doesn’t appear to be arriving on the schedule advertised by the likes of Altman and Amodei. But having a bit of breathing space is no excuse for inaction." www.newyorker.com/news/the-fin...
newyorker.com
Has the A.I. Job Apocalypse Been Postponed?
So far, the proliferation of A.I. models such as Claude and ChatGPT hasn’t led to mass displacement of workers. But deployment is accelerating and economic pressures are rising.
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EconomicsInTen @economicsinten.bsky.social · 07/09/2026
Here are some of our recommended reads in this episode by the likes of @johncassidysays.bsky.social, @birdyword.bsky.social, Tom Butler-Bowdon and @gabrielzucman.bsky.social. Have a listen and then have a read... #EconSky #BookSky
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John Cassidy @johncassidysays.bsky.social · 31/08/2026
Six months in and no end in sight. I took a look at the ever-rising tally in terms of military expenses, higher energy prices, and other economic costs. www.newyorker.com/news/the-fin...
newyorker.com
How Much Is the Iran War Costing Americans?
A proper calculation must take in more than just the military costs.
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Charles Gaba ✡️ @charlesgaba.com · 31/08/2026
🚨🚨🚨 NATIONALLY, unsubsidized #ACA premiums are set to jump an *additional* 15% in 2027: acasignups.net/rate_changes...
acasignups.net
NATIONALLY, unsubsidized ACA premiums to jump *ANOTHER* ~15% next year
I've finally completed my state-by-state individual & small group health insurance market analyses of the preliminary 2027 rate filings for all 50 states (+DC), so it't time to take a moment to check ...
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John Cassidy @johncassidysays.bsky.social · 31/08/2026
Six months in and no end in sight. I took a look at the ever-rising tally in terms of military expenses, higher energy prices, and other economic costs. www.newyorker.com/news/the-fin...
newyorker.com
How Much Is the Iran War Costing Americans?
A proper calculation must take in more than just the military costs.
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John Cassidy @johncassidysays.bsky.social · 27/08/2026
Shocked. Shocked. Shocked.
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John Cassidy @johncassidysays.bsky.social · 24/08/2026
"You would think that this experience would have taught Bessent the perils of tangling with the financial markets, but now, more than three decades later, he is in a high-profile tussle with bond traders..." My latest column: www.newyorker.com/news/the-fin...
newyorker.com
The Humbling of Scott Bessent
Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yi...
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John Cassidy @johncassidysays.bsky.social · 24/08/2026
"You would think that this experience would have taught Bessent the perils of tangling with the financial markets, but now, more than three decades later, he is in a high-profile tussle with bond traders..." My latest column: www.newyorker.com/news/the-fin...
newyorker.com
The Humbling of Scott Bessent
Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yi...
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Bobby Kogan @bbkogan.bsky.social · 19/08/2026
You can’t talk about debt without talking about how we got into a bad predicament, and there’s only one correct answer: tax cuts enacted this century
U.S. debt is on track to reach historic levels
Debt held by the public as a percentage of the gross domestic product, 1792-2055
- Historical - • Projected → Without Bush and Trump tax cuts
187.55%
180%
160
140
120|
100
80
99.38%
60
• 47.85%
40
20
0
1800|
1820 1840 1860|
1880
1900 1920 1940|
1960|
1980 2000 2020 2040|
Hover or click to see values.
• Notes:
Source: Authors' calculations using data from the Congressional Budget Office, the Joint Committee on Taxation, the U.S. Office of Management and Budget, the U.S. Census Bureau, the Federal Reserve, the Yale Budget Lab, the Center on Budget and Policy Priorities, and the Committee for a Responsible Federal Budget. A full list of sources is available here.
Chart: Center for American Progress
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John Cassidy @johncassidysays.bsky.social · 17/08/2026
$100K a month for fast access to the president's Truth Social posts? “It’s such a brazen pay-to-play scheme. Literally, you have to pay to play'" @veritasdhg.bsky.social tells me. www.newyorker.com/news/the-fin...
newyorker.com
A Trump Grift Too Far?
A scheme to charge Wall Street traders for an early look at the President’s comments on Truth Social has generated outrage and a lawsuit.
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John Cassidy @johncassidysays.bsky.social · 17/08/2026
$100K a month for fast access to the president's Truth Social posts? “It’s such a brazen pay-to-play scheme. Literally, you have to pay to play'" @veritasdhg.bsky.social tells me. www.newyorker.com/news/the-fin...
newyorker.com
A Trump Grift Too Far?
A scheme to charge Wall Street traders for an early look at the President’s comments on Truth Social has generated outrage and a lawsuit.
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John Cassidy @johncassidysays.bsky.social · 14/08/2026
In my column this week, I pointed out that rising competition and huge capex are usually a warning sign for investors. But of course this is AI, so they don't matter.
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Jack Mirkinson @jackmirkinson.bsky.social · 11/08/2026
Today in @thenation.com: a harrowing piece written from inside the Dilley ICE detention center by Maryam Tahmasebi, a green card holder who's been locked up along with her husband and son for months despite none of them committing any crime. www.thenation.com/article/soci...
thenation.com
One Woman’s Message From the Hell of ICE Detention
My husband, son, and I have been locked up for months—despite being permanent residents with no criminal record. It is an unendurable, unending nightmare.
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John Cassidy @johncassidysays.bsky.social · 06/08/2026
As I was saying the other day, Warsh's biggest challenge from a credibility perspective is demonstrating he's independent of Trump. The communications strategy stuff is important but secondary.
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John Cassidy @johncassidysays.bsky.social · 06/08/2026
The academic turned speculator Victor Niederhoffer has died at the age of 82. He was a fascinating character. Here is a profile of him that I published in 2007. www.newyorker.com/magazine/200...
newyorker.com
The Blow-up Artist
Can Victor Niederhoffer survive another market crisis?
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John Cassidy @johncassidysays.bsky.social · 03/08/2026
My take on Kevin Warsh's credibility problem. "Unless and until Warsh convinces people (of his independence from Trump), bond traders and commentators will react skeptically to his every comment, or refusal to comment, and who can blame them?" www.newyorker.com/news/the-fin...
newyorker.com
The New Fed Chair Needs to Prove His Independence from Donald Trump
Kevin Warsh, the current Fed chair, has only been in office since May, but he’s already under fire.
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Mic Wright @brokenbottleboy.bsky.social · 03/08/2026
Fraser Nelson reckons Rod Liddle was “the greatest satirist since Swift” while Michael Gove is comparing him to not just Swift but Orwell. Amazing the comparisons you can get if you’ll pump out exactly the racist opinions even they are too squeamish to commit to print.
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John Cassidy @johncassidysays.bsky.social · 03/08/2026
My take on Kevin Warsh's credibility problem. "Unless and until Warsh convinces people (of his independence from Trump), bond traders and commentators will react skeptically to his every comment, or refusal to comment, and who can blame them?" www.newyorker.com/news/the-fin...
newyorker.com
The New Fed Chair Needs to Prove His Independence from Donald Trump
Kevin Warsh, the current Fed chair, has only been in office since May, but he’s already under fire.
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Dr. Lucky Tran @luckytran.com · 02/08/2026
I worked for New York’s largest medical center at the start of the pandemic. There were morgue trucks on the streets. They set up emergency medical tents in Central Park. Healthcare worker colleagues died. It is horrific that RFK Jr is on national TV lying that ICUs were empty.
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Javier Asensio 🇪🇺🇺🇦 @asensiojavier.bsky.social · 02/08/2026
"Burnham will now have to deal with many of the same obstacles that handicapped Starmer’s government ... : stagnant living standards; a largely hostile press; political challenges from the right and the left; a hefty budget deficit; and wary financial markets". By @johncassidysays.bsky.social
newyorker.com
Can Andy Burnham’s Manchesterism Save the U.K.’s Center Left?
With a populist touch, and a focus on affordability and raising up left-behind communities, Britain’s new Prime Minister has drawn comparisons to Zohran Mamdani.
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Carl Quintanilla @carlquintanilla.bsky.social · 23/07/2026
“.. The deal: a Trump-branded hotel, golf and residential project inside a Saudi development helmed by the crown prince. ..!Only now is the fuller picture coming into view.” @forbes.com www.forbes.com/sites/danale...
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Elizabeth N. Saunders @profsaunders.bsky.social · 21/07/2026
Can't get numb to this: The United States is stuck in a war it started, cannot end, and may further escalate to no avail, having dismantled its diplomatic apparatus, depleted its military stockpile, and destroyed its credibility. A historic strategic mistake harming millions in many different ways.
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John Cassidy @johncassidysays.bsky.social · 20/07/2026
Manchesterism v Mamdani-ism "The thing that ties Mamdani and Burnham together is a focus on how you make life more affordable and dignified for households that are relentlessly squeezed,” Mathew Lawrence, director of Common Wealth, tells me. www.newyorker.com/news/the-fin...
newyorker.com
Can Andy Burnham’s Manchesterism Save the U.K.’s Center Left?
With a populist touch, and a focus on affordability and raising up left-behind communities, Britain’s new Prime Minister has drawn comparisons to Zohran Mamdani.
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John Cassidy @johncassidysays.bsky.social · 15/07/2026
Et tu Tuchel
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David Roberts @volts.wtf · 14/07/2026
An amazing quote from Lindsey Graham in this Atlantic story. It really captures an essential truth about politics that too few people ever really come to terms with. www.theatlantic.com/ideas/2026/0...
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John Cassidy @johncassidysays.bsky.social · 14/07/2026
Sticking with this: "On Tuesday, the BLS will release the June CPI...This may well give Trump something to trumpet for a day or two, but it’s unlikely to change the mood of ordinary Americans, who want to see prices falling—not merely going up at a slower rate." www.newyorker.com/news/the-fin...
newyorker.com
Donald Trump’s Needless War with Iran Is His Biggest Economic Blunder
As the midterm elections approach, gas prices have started to rise again, and Trump’s poll ratings are in the cellar.
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Aaron Reichlin-Melnick @reichlinmelnick.bsky.social · 21/01/2026
🚨HOLY CRAP. An ICE whistleblower just revealed a secret memo authorizing ICE officers to break into homes without a judicial warrant, which DHS's own legal training materials say is unconstitutional! ICE then hid the memo from the public, passing it along by word of mouth and private conversation.
The Gravamen of the Disclosure

4. The gravamen of the disclosure is as follows: 
a. By memorandum dated May 12, 2025 (“the May 12 Memo”), Acting ICE Director Todd Lyons authorizes ICE agents to forcibly enter into certain people’s homes without a judicial warrant, consent, or an emergency.

b. Specifically, in the May 12 Memo, the Acting ICE Director authorized ICE Agents to rely on Form I-205 (which is not a judicial warrant) to enter the residence of an alien subject to a final order of deportation, without consent, including by “a necessary and reasonable amount of force.”2c. While addressed to “All ICE Personnel,” in practice the May 12 Memo has not been formally distributed to all personnel. Instead, the May 12 Memo has been provided to select DHS officials who are then directed to verbally brief the new policy for action. Those supervisors then show the Memo to some employees, like our clients, and direct them to read the Memo and return it to the supervisor.
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John Cassidy @johncassidysays.bsky.social · 13/07/2026
New column. Yes, you could argue tariffs, but they were central to his political identity and protectionist program. The war was, in his own words, a diversion. www.newyorker.com/news/the-fin...
newyorker.com
Donald Trump’s Needless War with Iran Is His Biggest Economic Blunder
As the midterm elections approach, gas prices have started to rise again, and Trump’s poll ratings are in the cellar.
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John Cassidy @johncassidysays.bsky.social · 13/07/2026
New column. Yes, you could argue tariffs, but they were central to his political identity and protectionist program. The war was, in his own words, a diversion. www.newyorker.com/news/the-fin...
newyorker.com
Donald Trump’s Needless War with Iran Is His Biggest Economic Blunder
As the midterm elections approach, gas prices have started to rise again, and Trump’s poll ratings are in the cellar.
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John Cassidy @johncassidysays.bsky.social · 09/07/2026
Truly terrible story. www.cnn.com/2026/07/09/u...
cnn.com
For 35 years, a Mexican father built homes in Houston. Then a morning drive ended in tragedy | CNN
The case again raises questions about who is targeted by a nationwide immigration enforcement push the Trump administration says aims to remove dangerous criminals from the US.
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Janine Gibson @janinegibson.ft.com · 08/07/2026
A Brit in the semis of Wimbledon, England still in the World Cup and Nigel Farage spending the summer arguing with a bin. Oh this happy breed of men, this little world, This precious stone set in the silver sea
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John Cassidy @johncassidysays.bsky.social · 07/07/2026
forgot to attach this🙃
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