When in doubt, just change the way inflation is calculated. Smh

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https://x.com/robin_j_brooks/status/2105990399907020809?s=46 PIIGS last time around… France & Italy this cycle. https://longbridge.com/en/learn/piigs-101225

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So is Oracle gonna be a problem? Or nothing to see here, move on type moment? https://x.com/globalmktobserv/status/2103505557235613885?s=46

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Tech layoffs in Washington State over the past 12 months: 11,000 (2nd most in the country behind CA) Public sector jobs in WA lost to budget cuts over the past 12 months: estimated between 12,000 - 35,000 We hear a lot about layoffs in the news, and we should, but we don't often hear about the impact of tightening government budgets on the working class. In the private sector they are theoretically replacing that productivity with AI. In the public sector they just ask existing staff to do more work for the same money with old software and face layoff threats every year. Honestly not sure which is the less attractive sector to work in right now 🤔

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5% on the 10 year....ruh oh

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Iran has struck more oil tankers in the Persian Gulf in the last 24 hours. They responded within minutes to Trump's assertion that the war would end after the mid term elections. Wholesale refined diesel, not the price at the pump but wholesale, went up 23 cents today. The national average is already at $5.94 and today is the 6th day in a row for new all time high pricing. The government forecasts the average for the entire year will be $5.07, and even that seems slightly conservative to me. The reason that diesel is so much higher than regular unleaded right now is due refineries. Russia normally exports a lot of diesel, but Ukraine has damaged many of their refineries and they've had an export embargo in place lately. In addition, refineries in the Persian Gulf are out of commission or can't get product through the strait. Finally, there is a major east coast Canadian refinery that went into maintenance mode last week.

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"..you need to make $39.84 an hour to be able to rent a modest two bedroom home in Washington State. For a one bedroom rental, the necessary wage drops to $33.33; for a studio, $31.51. The median hourly wage for all occupations in Washington State is $31.12 - which isn't even enough for a studio." Capitalism working as intended... Just not for us. (Source: National Low Income Housing Coalition)

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Nike https://x.com/kobeissiletter/status/2096317768408703022?s=46&t=Mzh82nbovTS2hVetWoCw4A

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https://x.com/TheDebriefing17/status/2095993425556332630

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"The dollar isn't weakening. It's being digitized. And the institutions digitizing it aren't crypto startups in El Salvador. They're Goldman Sachs and Bank of America and Deutsche Bank, operating under Treasury's rules, holding Treasury's bonds, screening transactions through Treasury's sanctions office." https://x.com/TheDebriefing17/status/2095516106655924501

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when in doubt, just build the infrastructure. https://www.nytimes.com/2026/08/22/opinion/us-debt-40-trillion.html

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You may have heard of the $20 burrito debate. He's a deep economic dive. https://youtu.be/RniprHVFuFI?si=0ZfnnmkY3wUwIsgM

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That Bessent "buy Japanese Yen $5-10bn" note he left intentionally visible to reporters was a big red flag. Patrick explains how Bessent is now battling hedge funds using his old playbook, which was to short currencies that are being artificially propped up unsustainably. He also explains how the Yen carry trade may seem like free money but it's profitable because participants are getting paid for the risk of being a bag holder for a system that could unwind quickly - us degens might know a thing or two about how that usually plays out. What do you think, is the Yen carry trade unwind coming soon, or they'll be able to keep propping it up? https://youtu.be/yh18YXKMk3g?is=U3vdHkjmcenGAlMz

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No bueno

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New home builders in my County are offering seller incentives up to $40,000 (for the largest companies). Home builders are some of the first forced sellers when the real estate cycle starts to turn towards a bear market because they can't sit and wait, they have to move the units or bleed money. Home prices are a lagging indicator of such a meta shift because sellers are stubborn about dropping prices for months. The big builders listing prices don't drop right away because they want to keep values high in the development so instead they will continue increasing the incentives offered. A canary in the coal mine, maybe.

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