The Trump administration faces a worsening macroeconomic backdrop for younger, lower- and middle-income consumers, burdened by student debt, costly auto loans, high apartment rents, and depleted savings amid a persistently high interest rate environment.  Early signs of financial strain emerged at the tail end of the summer, outlined in our note: We’ve been tracking this […]

Authored by Tuomas Malinen via GnS Economics Newsletter, I am returning to work slowly and will start with an update to the Bank Run Warning we issued on Friday. Not a single financial institution sought funding through the SRF today (Wednesday), but this does not lead me to conclude that the risk of a banking crisis in the […]

A livestreamed reaction to the oral arguments in Learning Resources Inc. v. Trump. Source link

Remember when the iPhone 16 launched in September 2024 and Apple promised “Apple Intelligence” features, such as an AI-powered Siri upgrade capable of handling autonomous tasks, that never fully materialized.  For now, Apple will integrate Google’s 1.2 trillion-parameter Gemini model to overhaul Siri, the most alarming sign yet that Tim Cook has to rely on outside AI technology. […]

Submitted by QTR’s Fringe Finance These lessons go for pretty much any asset class, but where I’ve noticed the largest concentration of inane theories, economic non-sequiturs and general outright confusion is among the most hubris-laden speculators in the market, the Bitcoin crowd. I own some Bitcoin and would love it just as much as the next guy […]