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TGN 🤖

@thegrtnecessity.bsky.social
717 followers 1.4K following 1.2K posts

Banker by trade, economist by training.

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Michael Pettis @michaelpettis.bsky.social · 58m
1/2 WSJ: "Last year, China’s credit to the nonfinancial sector—a broad measure of corporate, government and household borrowings—topped 300% of gross domestic product, 60 percentage points higher than at the end of 2019 and now far bigger than in the U.S. www.wsj.com/world/china/...
wsj.com
Xi’s Superpower Ambitions Fuel a Dangerous Debt Spiral in China
Chinese leader Xi Jinping is presiding over a dangerous spiral of debt that is strangling the economy at home and damaging trade partners around the world.
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Aaron Sojourner @aaronsojourner.org · 52m
Does not understand consent Does not understand voluntary exchange Does not understand honesty
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Bring a Trailer @bringatrailer.bsky.social · 43m
Spare wheels and the matching luggage included! bringatrailer.com/listing/1998-ferr…
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M.J. Crockett @mjcrockett.bsky.social · 2h
This was life-changing. Consider applying!
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Carl Quintanilla @carlquintanilla.bsky.social · 1h
“.. Not real,” said Alan Nierob, president of PMK Entertainment, the firm that represents the two-time Academy Award-winning actor, in an email to The Washington Post. “No idea where it came from.” @washingtonpost.com www.washingtonpost.com/style/2026/1...
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MarketWire 📡 @marketwire.bsky.social · 1h
📉 #Bonds "This year, an important psychological barrier for the bond market was crossed. Yields across different US Treasury maturities exceeded levels not seen in decades. And they show no sign of slowing down. (Source: Bloomberg)"
bloomberg.com
Rising US Bond Yields Show No Sign of Slowing
This year, an important psychological barrier for the bond market was crossed. Yields across different US Treasury maturities exceeded levels not seen in decades. And they show no sign of slowing down. (Source: Bloomberg)
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The Wall Street Journal @wsj.com · 1h
Supermarket chain Albertsons wants its top rival Kroger to pay it at least $8 billion after their grocery megadeal imploded two years ago. on.wsj.com/4rZsiw6
on.wsj.com
Albertsons Wants $8 Billion From Kroger After Failed Merger
With a trial looming, the supermarket owner says its rival tanked their tie-up.
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NBC News @nbcnews.com · 2h
RJ Mitte, who played the son of teacher-turned-meth producer Walter White in the hit AMC series “Breaking Bad,” has died at the age of 34, his representatives said.
nbcnews.to
RJ Mitte, actor best known for playing Walter White Jr. on ‘Breaking Bad,’ dies at 34
Mitte played the son of the teacher-turned-meth producer in the hit series.
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Voice of San Diego @voiceofsandiego.org · 2h
The San Diego Police Department is exploring potential contracts with AI companies to help officers write police reports. voiceofsandiego.org/2026/10/09/s...
voiceofsandiego.org
San Diego Police Department Is Weighing Using AI to Write Police Reports
In July, SDPD put out a request for information for AI programs that can help officers write police reports.
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Bring a Trailer @bringatrailer.bsky.social · 2h
Original-Owner 2000 Acura TL 3.2 Sedan
bringatrailer.com
Original-Owner 2000 Acura TL 3.2 Sedan
Bid for the chance to own a Original-Owner 2000 Acura TL 3.2 Sedan at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #269,009.
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CRC Rationality & Competition @rationalitycrc.bsky.social · 12h
How immigration can make essential services more affordable: Our new study on German elder care shows that hiring foreign caregivers significantly lowers nursing home prices for families, without cutting care quality or staffing levels.
190researchblog.substack.com
Does Immigration Lower the Cost of Living? Evidence from German Nursing Homes
Haan, Schmieder & Wnuk-Soares: “The Supply-Side Effect of Immigration on Prices: Evidence from Nursing Homes” CRC Discussion Paper No. 585
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Bring a Trailer @bringatrailer.bsky.social · 3h
2008 Porsche 911 Targa 4S 6-Speed
bringatrailer.com
2008 Porsche 911 Targa 4S 6-Speed
Bid for the chance to own a 2008 Porsche 911 Targa 4S 6-Speed at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #269,005.
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Dan Chibnall @bookowl.bsky.social · 7h
We need more men like Dan Levy and fewer men like Shane Gillis. Stop being complacent. Stand up and call this shit out when it happens. www.instagram.com/p/DeYSYNXMcbH/
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MyRadar @myradar.bsky.social · 10h
Tropical Storm Rachel brought powerful surf and unusually high tides to Southern California on Sunday, damaging these Long Beach homes along the coast. Storm chaser @jordanhallwx.bsky.social captured this video as the storm battered the coastline.
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The New York Times @nytimes.com · 9h
A fire in central Paris on Monday destroyed the city’s oldest covered food market, Le Marché des Enfants Rouges. The market, which opened in 1615 as a vibrant food hall, was a fixture for chefs, cooks and tourists. www.nytimes.com/2026/10/12/w...
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Financial Times @financialtimes.com · 6h
Trump’s Russian diesel gambit is cynical and won’t work ft.trib.al/LMTa3LL
ft.trib.al
Trump’s Russian diesel gambit is cynical and won’t work
The US president risks harming Ukraine to curb prices driven up by his own war
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The New York Times @nytimes.com · 6h
Heavy rain from Post-Tropical Storm Rachel flooded parts of the Las Vegas Strip on Sunday. Learn more about the storm: www.nytimes.com/2026/10/11/w...
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Congressman Don Beyer @beyer.house.gov · 6h
Tom Homan, the man leading Trump’s authoritarian “investigation” of Rep. Ilhan Omar right before the midterm, was caught by the FBI accepting a bribe of $50,000 in cash in a paper bag. Trump’s DOJ simply dropped the case and covered it up. The most corrupt presidential administration in history.
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Gregory Daco @gregdaco.bsky.social · 6h
At #NABE2026, @ClevelandFed President Hammack says « policymakers need to explain the information & thought process behind our interest rate decisions. Explaining my reaction function is not a prediction for policy. It’s describing how I expect policy to adjust as conditions change »
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Capital Weather @capitalweather.com · 6h
Weather whiplash ahead: Near-record highs midweek, then much of the area falls into the 30s by Sunday morning during a chilly weekend. All the details: www.capitalweather.com/weather-whip...
capitalweather.com
Weather whiplash ahead: Mid-80s this week, 30s this weekend
Near-record warmth is possible midweek before a sharp weekend cooldown brings temperatures about 15 degrees below average.
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Justin Wolfers @justinwolfers.bsky.social · 7h
I woke up early this morning — though perhaps not as early as Bob Hall & Mike Woodford—so that I could explain to the historical context of their Nobel, the work that won the prize, their contributions to the world, and who they are. www.youtube.com/watch?v=hpT6...
youtube.com
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Julian Sanchez @normative.bsky.social · 8h
Why would a physical search of Omar’s home in 2026 be relevant to or necessary for an investigation into whether her dad filled out a form incorrectly decades ago?
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Ilhan Omar @ilhanmn.bsky.social · 7h
I’m ok. Make no mistake: this is an attempt to target political enemies and weaponize federal law enforcement. For ten years, Trump has targeted me with baseless lies and smear campaigns. This is just the latest escalation in his campaign of political intimidation. I will not be silenced.
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ProPublica @propublica.org · 9h
After Jan. 6, 2021, many Trump loyalists headed for the exits. But not Russell Vought. He told the president, I’m going to work night and day to get you back in the White House in four years. Then he and others began working on a plan: Project 2025. Listen to our latest "Paper Trail" episode 👇
podcasts.apple.com
Who’s the Shadow President?
Podcast Episode · Paper Trail · October 1 · 36m
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Carl Quintanilla @carlquintanilla.bsky.social · 8h
JEFFERIES: “.. the reason credit risk has become more of an issue is that it can no longer be assumed, most particularly with the arrival of the likes of Kimi K3, that large language models will ever be profitable .. .. in this respect, there is a 2008 real estate credit angle to this AI boom ..”
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Evergreen Intel @vcdgf555.bsky.social · 11/10/2026
Meanwhile, on the bad site
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Kyle Griffin @kylegriffin1.bsky.social · 9h
BREAKING WaPo: A federal judge just ordered the Trump admin to stop cutting down trees at East Potomac Golf Links after preservationists asserted that more than 500 were felled Saturday and "hundreds more" were slated for removal.
washingtonpost.com
Judge halts tree removal at D.C. golf course that Trump has proposed overhauling
Plaintiffs had said “hundreds more” were slated for the ax, and the judge ordered a stop to all tree removal until 7 a.m. Tuesday or until she issues another order.
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Bring a Trailer @bringatrailer.bsky.social · 9h
2014 Mini Cooper Countryman JCW ALL4 6-Speed
bringatrailer.com
2014 Mini Cooper Countryman JCW ALL4 6-Speed
Bid for the chance to own a 2014 Mini Cooper Countryman JCW ALL4 6-Speed at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #268,966.
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Bill Grueskin @bgrueskin.bsky.social · 10h
Via Fox News, natch: A criminal raid, right before the election, based on some paperwork Omar’s dad filled out decades ago www.foxnews.com/politics/ilh...
The raid stems from a criminal fraud investigation into the Somali-born congresswoman's immigration paperwork, which was filled out by her late father when she was a child.
Two sources close to the investigation confirmed the details of the probe Thursday, after border czar Tom Homan said in mid-September that the progressive congresswoman was subject to an ongoing "criminal" investigation.
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Carl Quintanilla @carlquintanilla.bsky.social · 10h
BROADCOM CEO: ".. A lot of investors have no clue what they are investing in." They “set very extreme expectations only to find out that it’s almost like they are in a casino.” @bloomberg.com $AVGO www.bloomberg.com/news/article...
bloomberg.com
Broadcom CEO Likens Many AI Investors to Casino Gamblers
The AI boom has attracted investors whose strategies resemble those of gamblers, Broadcom Inc. Chief Executive Officer Hock Tan said, suggesting some of them have little understanding of what they’re ...
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Forbes @forbes.com · 10h
White House border czar Tom Homan said last month that there is an “ongoing criminal investigation” into Omar.
forbes.com
DHS Raids Ilhan Omar’s Minnesota Home
White House border czar Tom Homan said last month that there is an “ongoing criminal investigation” into Omar.
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David Ho @davidho.bsky.social · 23h
👀
bbc.co.uk
Citroen revives the 2CV for an electric age
The French firm is reinventing the classic model as carmakers come under pressure from Chinese rivals.
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Conor Sen @conorsen.bsky.social · 11h
Given where interest rates and inflation are, I don't think this is true: "Meanwhile, the U.S. economy suffers as all of that money sits under the proverbial mattress instead of being spent." www.theatlantic.com/economy/2026...
theatlantic.com
Americans Aren’t Spending Their Retirement Savings
Bucket lists everywhere are suffering.
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Toby Nangle @tobyn.bsky.social · 14h
🚨 Alphaville is live blogging the Economics Nobel Prize, because of course it is www.ft.com/content/f446...
ft.com
Alphaville’s Nobel Prize for Economics live blog
Live coverage of exciting economicsy stuff
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Chris Geidner @chrisgeidner.bsky.social · 20h
BREAKING: Trump administration cut down more than 500 trees on Saturday at the East Potomac Golf Course after giving less than a full-day notice, with more tree-cutting planned, so plaintiffs challenging the effort went to court seeking a TRO tonight. storage.courtlistener.com/recap/gov.us...
EMERGENCY MOTION FOR A TEMPORARY RESTRAINING ORDER OR, ALTERNATIVELY, FOR A 14-DAY STAY UNDER SECTION 705 OF THE
ADMINISTRATIVE PROCEDURE ACT
Plaintiffs hereby move the Court to enter a 14-day temporary restraining order under Rule
65(b) of the Federal Rules of Civil Procedure or, alternatively, for a 14-day stay under 5 U.S.C.
§ 705.
Despite the Court's admonitions not to "get to a point where someone is telling me, from
the government, that it's too late, too many things have happened and now we are, like, moving
Case 1:26-cv-00477-ACR
Document 76
Filed 10/11/26
Page 2 of 4
forward and we can't, you know, stop the trains," Status Conf. Tr. ("Apr. 13 Tr.") at 18:15-19:10,
Apr. 13, 2026, Defendants have begun irreversible damage to East Potomac Golf Course. At
4:55 p.m. on Friday preceding the holiday weekend, Defendants announced their intent to
begin-barely 12 hours later—a massive operation to clear 529 trees at East Potomac Golf
Course. Decl. of Dr. Kevin Griess, Superintendent of National Mall and Memorial Parks,
National Park Service 920, ECF 74-1. Although they initially represented that their work would proceed in stages, Defendants in fact took down 529 trees on Saturday alone and have confirmed
to Plaintiffs that they intend to take down hundreds more.
Defendants' surprise tree-razing operation constitutes classic National Environmental
Policy Act segmentation: undertaking elements of a larger project piecemeal and insisting that they are independent and therefore need not be evaluated in a single NEPA review of the entire
project. Defendants cannot circumvent their NEPA obligations in this manner. Delaware
Riverkeeper Network v. F.E.R.C., 753 F.3d 1304, 1313 (D.C. Cir. 2014).Therefore, and for the reasons explained in the Memorandum accompanying this Motion
and supporting exhibits, the Court should enter a 14-day temporary restraining order under Rule
65(b) of the Federal Rules of Civil Procedure or, alternatively, a 14-day stay under 5 U.S.C.
§ 705, enjoining Defendants from any further tree felling at East Potomac Park. In addition, the
Court should order Defendants to provide the Court and Plaintiffs no less than three business days' written advance notice before any irreparable modification to any permanent forms or
features of East Potomac Park.
If the Court believes a hearing would be appropriate, Plaintiffs request a hearing on this
motion at the Court's first availability. At the parties' meet and confer on Sunday afternoon, Defendants represented that the tree-clearing operation would continue this week until
completed. Defendants indicated during the meet and confer that rain foreclosed any work on
3
Case 1:26-CV-00477-ACR Document 76 Filed 10/11/26 Page 4 of 4
Sunday, and that the possibility of doing work on Monday depended on weather and the course's
condition. Depending on Defendants' plans, then, it is possible that no work will occur on
Monday.
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Carl Quintanilla @carlquintanilla.bsky.social · 11h
ABRAMOWICZ: “.. Bloomberg US economic surprise index turning negative in the past few weeks. This is edifying concerns that consumers will soon run out of steam to keep spending as much as prices keep rising.” @bloomberg.com
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Tim O’Brien @timobrien.bsky.social · 11h
Musk has funneled more than $276 million into Republican groups and his PAC since July, building a huge turnout operation for the midterms. “The staggering amount of money makes Mr. Musk, the richest person in the world, by far the largest known donor in the midterms” www.nytimes.com/2026/10/12/u...
nytimes.com
Inside Elon Musk’s $276 Million Midterm Rescue Mission for Republicans
The world’s richest person has quietly become by far the biggest known midterm donor, trying to save Republicans’ Senate majority with some of the largest donations in American political history.
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Carl Quintanilla @carlquintanilla.bsky.social · 11h
".. its first attack in more than a month near the Islamic republic." @financialtimes.com www.ft.com/content/f9b9...
ft.com
US hits commercial tanker in Gulf of Oman as tensions flare
Ship tried to break through American naval blockade of Iranian ports, Central Command says of its first attack in a month
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Bill Grueskin @bgrueskin.bsky.social · 11h
“For my enemies, the law.”
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The Associated Press @apnews.com · 11h
BREAKING: Federal agents searched Minnesota Rep. Ilhan Omar's home as part of a criminal investigation, AP sources say.
bit.ly
Federal agents search Rep. Ilhan Omar's home as part of a criminal investigation, AP sources say
Federal agents have searched Democratic U.S. Rep. Ilhan Omar’s home as part of a criminal investigation. That's according to people familiar with the matter.
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BloombridgeCap @jonosaka.bsky.social · 12/10/2026
I will never forgive and forget that David Brooks was 100% gung-ho pro-Iraq War in 2003.
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NBC News @nbcnews.com · 23h
It’s the third time this year that this manufacturer has recalled berries. - @nbcselected.bsky.social
nbcnews.to
Walmart and Trader Joe’s frozen berries recalled over E. coli risk
The expanded recall includes organic blueberries and mixed berry blends that may be contaminated with E. coli.
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Scott Horton @robertscotthorton.bsky.social · 12/10/2026
The materials that WSJ has published are probably just the tip of the iceberg. I think the stuff here is perfect for a multipart series on FX or Netflix on the life of Kimberley Guilfoyle, a story of bad moral choices and degeneracy you can track in her face.
apnews.com
AP source: Trump, Rubio weigh firing US envoy to Greece after mounting reports of improper conduct
President Donald Trump and Secretary of State Marco Rubio are considering firing U.S. Ambassador to Greece Kimberly Guilfoyle after a series of reports alleging she has engaged in improper and possibl...
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Hoodlum 🇺🇸 @nothoodlum.bsky.social · 11/10/2026
Zelenskyy: “Don’t attack us. Don’t kill our children. We will stop attacking your diesel. I think it’s a fair deal.”
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SarahBCalif @sarahbca.bsky.social · 11/10/2026
static.klipy.com
Kimberly Guilfoyle: The Best Is Yet To Come
ALT: Kimberly Guilfoyle: The Best Is Yet To Come
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Gregory Daco @gregdaco.bsky.social · 11/10/2026
Barry Eichengreen sees 2 different scenarios 1️⃣ Favorable: gradual erosion of US$ along w/ creation of a diverse global multipolar monetary ecosystem 2️⃣ Worrisome: sudden collapse of US$ before other systems are mature & robust: global liquidity shortage @nabe-econ.bsky.social @jc-econ.bsky.social
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Justin Wolfers @justinwolfers.bsky.social · 11/10/2026
Come work with me! Platypus Economics is growing, and we need a producer. Digital media skills a must. Love of economics a huge bonus. Full job description here: platypuseconomics.com/hiring Apply, or send this to your most amazing friends.
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Jack Jenkins @jackjenkins.me · 09/10/2026
NEW: The head of the U.S. Conference of Catholic Bishops has issued a statement firmly condemning plans to livestream the execution of Nidal Malik Hasan. Archbishop Paul Coakley calls the decision “a barbaric promotion of a culture of death and must be reconsidered.” www.usccb.org/news/2026/us...
United States
Conference of
Catholic Bishops
READINGS
WASHINGTON - Yesterday, the U.S.
Department of War announced that the firing squad execution of Nidal Hasan, the man convicted of killing 13 people and injuring 32 at Fort Hood, Texas in 2009, would be publicly livestreamed. Archbishop Paul S. Coakley, president of the U.S. Conference of Catholic Bishops issued the following statement sharply condemning the decision of the U.S. government:
"It is with shock and great sorrow that I have learned of the Department of War's decision to publicly livestream the execution of Nidal Hassan. Our God is the God of life. In no way can Hassan's actions be condoned but this decision is a barbaric promotion of a culture of death and must be reconsidered. The word of God exhorts us: 'do not repay anyone evil for evil' (Romans 12:17). The public execution even of one who has done grave harm will only further undermine the moral fabric of our nation and be a blight on the conscience of its people.United States
Conference of
Catholic Bishops
READINGS
"It is with shock and great sorrow that I have learned of the Department of War's decision to publicly livestream the execution of Nidal Hassan. Our God is the God of life. In no way can Hassan's actions be condoned but this decision is a barbaric promotion of a culture of death and must be reconsidered. The word of God exhorts us: 'do not repay anyone evil for evil' (Romans 12:17). The public execution even of one who has done grave harm will only further undermine the moral fabric of our nation and be a blight on the conscience of its people.
"I pray for the intercession of Our Lady of Good Counsel that we as a nation may always choose life even in the most trying times and circumstances."
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ProPublica @propublica.org · 11/10/2026
The FAA warned rocket launches could “significantly reduce safety” for airplanes after we reported earlier this year on a SpaceX rocket explosion. Such disruptions will likely become more frequent, as SpaceX is planning up to 76 launches a year.
propublica.org
Club Med, a Disney Cruise and an Exploding Starship: SpaceX Used Bystander Videos to Track Falling Debris
A heavily redacted report obtained from the FAA by ProPublica reveals that SpaceX used videos from tourists and travelers in the Caribbean to help track falling debris after one of its Starship rocket...
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Le Monde in English @english.lemonde.fr · 10/10/2026
Nobel peace laureate Pillay condemns US sanctions on ICC
lemonde.fr
Nobel peace laureate Pillay condemns US sanctions on ICC
South African judge and human rights advocate Navanethem 'Navi' Pillay denounced on Saturday sanctions announced by the United States against the International Criminal Court. Pillay, who once sat on the ICC, made the remarks a day after being awarded this year's Nobel Peace Prize.
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