A compact assessment of where capitalism is taking us.
Wednesday, July 2, 2025
Coffee Break: Armed Madhouse
Our first warfare-focused Coffee Break: the U.S. nuclear football, the President’s sole power to use it, and public indifference towards it
New York Fed’s Measure of “Inflation Persistence” Nixes Friday’s Idea that YoY PCE Inflation Cooled, Using Same Data
Inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.
Coca Cola: Made in Mexico, Apparently
As the world’s largest soft drinks manufacturer faces a consumer boycott in one of its largest global markets, its marketers come up with a cunning plan. But will it work?
The GENIUS Act: Setting the Stage for a Federal Bailout When Stablecoins Become Insolvent
Why the GENIUS Act does not live up to its pretenses of making stablecoins safe, thus setting the stage for a Federal bailout.
Twilight of the Woke, or How to Historicize with a Hammer
A review of Musa al Gharbi’s “We Have Never Been Woke” which chronicles the class and cultural hypocrisy of a new elite.
Fifteen Songs About Airplanes and Flight
One last aggregation…..
Coffee Break: Across the Pond
Our first UK/Europe-focused Coffee Break, which examines Europe’s self-inflected energy cost uncompetitiveness
DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Woe to You Who Deprive the Poor of Their Rights
A battle of theologies in the age of Trump.
Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
The Empire Rebrands
Both Biden’s “Foreign Policy for the Middle Class” and Trump’s “America First” are packaged to solicit support from the American people for empire.
