Economic Futurist | Keynote Speaker | former CMIO US government Future economy: growth opportunities!| https://xitter.cf/t.co/HecmcPKZq3
United States
Joined October 2008
- Tweets7K
- Following358
- Followers4.5K
- Likes365
Interesting quote by Romaine Bostik on Bloomberg‘s the close. He stated that learning cursive is a waste of time. He said that even reading the Declaration of Independence in cursive is not needed as that that no one does reads it anymore. And therefore who needs cursive. Anyone agree?
With the US economy growing, stocks up and firing low, why do US voters/consumers feel awful?@NYT has a nice review of key econ stats to provide a glimpse into the mindset.
Yes, I realize my MAGA/Republican friends will not want to read anything from NYT. But I hope most will be curious and want to understand why President Trump's approval ratings are at all-time lows for him. If you don't understand something, how can you provide a solution to it (the problem)?
Here's a key quote: “Voters had the sense that President Biden’s policies were leading to higher prices, and voters have the sense that President Trump’s policies are leading to higher prices now,” said Michael Strain, an economist at the American Enterprise Institute, a conservative think tank. “In both cases, I think voters made the right judgment."
Midterms coming up fast, let's see if this is an indicator for the outcome.
nytimes.com/2026/10/18/busin…
Andrew Busch retweeted
Latest: Zelenskyy tells reporters over WhatsApp that restrictions on Ukraine's Starlink systems remain. Interceptor drones can't function, logistics and operations hobbled. The maximum speed is 161 kph; "exceeding this limit causes the Starlink connection to cut out completely, resulting in the loss of the drone."
He says Ukraine has done tests to determine whether SpaceX is truly facing technical issues, as has been told Kyiv by the US side, or if this is a "deliberate operation... to restrict us, cut us off, and prevent us from defending ourselves and protecting our people, both at the front and among the civilian population."
He says Ukraine "sent a couple of vehicles equipped with Starlink terminals into European Union territory."
"They moved at speeds exceeding 180kph, and the Starlink systems worked perfectly. We have the relevant logs and evidence to prove this."
He adds: "The conclusion is clear: the restrictions are in effect within Ukraine but do not apply within the European Union. In other words, this is a planned operation."
Policy actions have consequences
Nearly two-thirds of builders said immigration enforcement is affecting their labor force, up from 23% in March and 13% a year ago, according to a September John Burns Research & Consulting survey.
“We’re almost dead in the water because our workforce is gone,” said Scott Brannock, president of Jacksonville-based Tidewater Homes and the Northeast Florida Builders Association.
“We have national builders who are missing projections, losing hundreds of thousands of dollars because they have slabs sitting on the ground and no one to frame.”
wsj.com/us-news/the-immigrat…
Higher for longer is the mantra on rates. 3.7% CPI print demonstrates the need for further Fed action. It's something I've told clients for 3 years+. In order, -capital supply (Boomers retiring) with booming capital demand (deglobalization, defense, data centers & US federal govt.) are driving the higher rate bus.
Residential markets need to adjust. Prices need to fall more as the cost of mortgage goes up. Buyers in the drivers seat.
Tremors in the bond markets, possibly. CoreWeave poster child for all the closet Michael Burrys to come out and play.
Midterms will be the next point of concern.
As I advise clients, price in cost of capital at higher levels until late 2027.
cnbc.com/2026/10/14/fannie-m…
Some additional info on Coreweave: bloomberg.com/news/articles/…
Maybe why it's a good idea to scrutinize every piece of tech out of that country?
NEW: 🇳🇴 Chinese-owned rental cars used by the Norwegian Armed Forces reportedly recorded soldiers, their movements and security codes during a major military exercise in Oslo, raising serious questions about the security of vehicles used in sensitive military operations.
The incident occurred during Operation Hovedstad, held from September 14 to 18, when Norway’s Home Guard District 02 trained for security operations, including scenarios involving the defence of Oslo Airport during wartime.
The Armed Forces had rented the cars through Hertz Norway under a nationwide rental agreement signed in 2024, worth up to 350 million Norwegian kroner and running until May 2028. Hertz Norway’s ownership chain ultimately leads to China’s Zhejiang Geely Holding Group, which also owns Volvo Cars. The agreement provides rental vehicles for exercises, operational activities and everyday military use.
During the exercise, soldiers discovered that the cars had recorded and stored video footage. Lieutenant Fredrik Blanck told Norwegian newspaper Dagens Næringsliv (DN) that the recordings showed who entered and exited the vehicles, where they travelled, whom they picked up and how long they remained at different locations.
More concerningly, the footage reportedly captured security codes entered by soldiers when opening military gates. Some access points require both a key card and a code, meaning the recordings could expose sensitive access procedures.
The vehicles remained in use throughout the exercise because alternative transport was in limited supply.
Andrew Busch retweeted
US-owned steel plant with a plant in Middletown OH begins mass layoffs amid Trump tariffs:
In a memo sent by Cleveland-Cliffs to workers, the company explicitly linked the move to Trump's steel tariffs on Canada, which it said had "significantly shrunk the market" for its products.
yahoo.com/news/us/articles/u…
Readers added context they thought people might want to know
Cleveland-Cliffs' layoffs (up to 500 workers) are at its Stelco plant in Hamilton, Ontario, Canada, due to US tariffs on Canadian steel imports. Its Middletown, Ohio plant has no such layoffs and is receiving a $1B upgrade investment.
newsweek.com/us-owned-canad…
manufacturingdive.com/news/cleveland…
Andrew Busch retweeted
Reuters found President Trump's clemency for public officials has allowed many recipients to leave prison early, avoid trials or sentencing, or regain certain rights. A Reuters investigation: reut.rs/4hL0oke @marisaataylor @chrisprentice @mike_d_spector @specialreports
This sector is on fire. AI ecosystem driving rapid growth. Biggest problem is execution with interest rates, diesel, tariffs and immigration all causing headwinds for growth.
Andrew Busch retweeted
Part of what's appealing to large donors here, according to the Treasury Department, is that "a stock contribution with a five-year holding period may lead recipients and their families to feel that they have a stake in the fate of the corporation" more than in an index fund.
At the Vegas Mandalay today for NECA's 125th anniversary. Acting as a 1-day consultant, I've found fantastic growth opportunities in this space.
The construction sector has shifted into a data center and power boom inside a larger industry slowdown.
Higher interest rates, diesel above $6, tariffs on copper, switchgear 2 years out.
It's an overloaded circuit. Every time they reset a breaker, another one trips.
But there are big growth opportunities for those who can anticipate where the next breaker will go.
I'l add a slide that puts some of this in perspective.
Check it out!
Today's jobs data was soft w/a meager 29k created in Sept. Plus, we had 60k of downward revisions. This takes the average job creation from 70k per month down to 50k per month.
The graphic below is an example of the research created for every client.
It gives a different viewpoint from most economists and provides key context to understand what's happening in the US economy.
The picture shows job growth in the US since Liberation Day.
It's very siloed. Siloed=fragile.
And that's the risk.
This is how you lose elections by focusing on the past. Or at the minimum, blaming past presidents for the current situation.
Voters don't care. They want hope for the future and policies to get them there.
But don't believe me, look at President Trump's approval ratings.
cnbc.com/2026/09/29/hassett-…
From my own experience during the 1st Trump administration, you can expect a lot of resignations if the House becomes Democrat. Maybe this is an early resignation and an early sign of things to come.
If so, Trump will have to expand his circle of trust as he heads into the final 2 years of his presidency. It will not be easy to find replacements who will have the same loyalty or desire to be brought up before Congress.
Expect even less policy certainty/consistency as we move into 2027.
nytimes.com/2026/09/28/us/po…
Andrew Busch retweeted
The whole U.S. energy industry plus two key businesses associations (the U.S. Chamber of Commerce and the National Association of Manufacturers) have sent a joint letter to President Trump urging him against limits of diesels exports.
Unprecedented for a Republican White House.
Nice overview at why NVDA (and others) are against AI regulation. NVDA bought Hugging Face, the world's leading open-source collaboration platform for machine learning and artificial intelligence, often described as the "GitHub of AI."
It is a direct competitor of Anthropic and OpenAI as open source doesn't charge users for token fees.
Anthropic and OpenAI both want regulations. Regulations can ring fence and protect companies by forcing competitors to either follow the regs or be banned (think: it's a Chinese threat!).
As a reminder, regulations are not created by regulatory bodies. They are created by those in the industry and then provided to the regulatory bodies and Congress for approval. This was one of the many things I learned during my time at the CFTC during the 1st Trump administration.
How does this end? I'm not sure, but...
We've had social media since 2004 and still no federal regulation. Lot's of talk, no regulation.
22 years and counting.
bloomberg.com/opinion/articl…
Glad to see network TV (including FOX) is standing up for freedom of speech.
It's critical for our nation to have dissenting views/ideas/speech shared to the nation to spark debate and generate discussion.
It's a founding principle of our republic.
cnbc.com/2026/09/21/trump-wh…
