The 10yr term premium has risen, as has the 5yr TIPS-Trsy breakeven, in the wake of Mr. Trump’s campaign to subjugate the Fed. Figure 1: Ten year term premium, in % (blue). Light orange shading denotes period between Vought letter to Powell and Trump’s visit to Fed. Source: NY Fed. Figure 2: Five year…
Jon Wiener: From The Nation magazine, this is Start Making Sense. I’m Jon Wiener. later in the show: ‘Huckleberry Finn’ is America’s great anti-slavery novel, but there’s a secret behind it: Mark Twain wasn’t always anti-slavery and anti-racist; in fact he fought, briefly, for the Confederacy. Adam Hochschild will explain how Twain changed his mind. …
By Mr. Maverick “What is this? 1988?” I still remember that that was the question that popped into my head a couple of months ago, as I was running through the headlines on my way to work. Funnily enough, I remember it was the day right after the 2024 NBA dunk contest. But no, by…
The densest metal in popular use in watchmaking is a favourite with this magazine and developments on the gold front continue to give us hope; however, by ranking platinum right in the middle here, we concede that the world is unlikely to see radical developments. Skip ahead to our concluding section for a personal take…
Soon before the election that made Javier Milei president, 108 economists around the world (including prominent names like Thomas Piketty, Gabriel Zucman, and Jose Ocampo) signed an open letter warning about the dangers of “non-traditional” economic thinking. Even at the time, the letter was cluttered with flawed thinking. The letter then bemoans that “the laissez-faire…
Classes began this week for students at the University at Buffalo, a public research university in western New York, but there were about 750 fewer international students on campus than expected. The new students who did make it gathered for a welcome from the school’s dean of students. “We know you have had to overcome…
As members of the UN Security Council negotiate the renewal of the UN peacekeeping force in Lebanon (UNIFIL) ahead of a 31 August deadline, the mission’s future role and capacity are under intense debate. UNIFIL has long been a stabilising presence in southern Lebanon, working alongside the Lebanese armed forces, mediating between parties, and supporting…
Labour Day weekend isn’t just about soaking up the last stretch of summer — it’s also one of the best shopping events of the season. From luxe home upgrades to fashion finds and sleep essentials, this year’s deals bring serious savings across categories. Whether you’re in the mood to refresh your space, level up your…