Chandler Simpson has the funniest Statcast page

This assumes the problem is with Powell, and that a “2nd best” candidate will resolve the issue. That’s false. The issue is the admin wants a subservient Fed chair just like every other role. So if you accept that, then Powell resigning risks credibility rather than saves it.

If I were a Boomer sitting on $800k of home equity gains who planned on selling, why would I sell now if there’s a chance of the capital gains tax exemption going up to $1M+?

There are sure to be lots of takes here because Trump said a thing, but worth noting the existing exclusion for primary residences hasn't changed for ~30 years despite avg home prices roughly tripling over the same period.

The % of consumers who say it’s a "good time" to buy a home just hit its highest level since Feb 2022—before the Fed began hiking rates. As inventory rises, today's homebuyers have more choices than at any point since 2019. 📈👇

$KSS +90% The reason for the stock’s surge is unclear, but 49% of its float is sold short. The stock is also gaining traction on Reddit and social media.

When NGDP growth was like 12% and people were stuck at home loaded with stimmy the meme thing kind of made sense. At 4% NGDP growth I don’t really get it.

The boldest move for Powell would be to stay on as governor after his term as chairman expires in May —through January 2028. Now that would protect Fed independence.

My gut feeling (completely unsubstantiated) is that the lack of money flowing into residential real estate right now is leaking into speculative assets in some shape or form. At 5M existing home sales there’d be less money going into other asset classes.

One of the hottest days of the year so far in Texas: 53% of the power on peak is coming from solar & wind. Wholesale power is ~$20 per megawatt-hour or 2 cents per kilowatt-hour. No conservation calls, no energy emergencies. ~20 gigawatts of extra power just sitting around.