talmon joseph smith
@talmonsmith
economics reporter for @NYTimes || formerly @GQmagazine, NYU, @tufts || newyorleanian || talmon.smith@nytimes.com || author of 'What Can We Afford' (March 2027)
4.2K Following 17.2K Followers
Personal News:
my debut book 'WHAT CAN WE AFFORD: A TOUR ACROSS AMERICAN INEQUALITY
& A SEARCH FOR THE ROAD AHEAD'
COMING MARCH 9TH is
AVAILABLE ON PREORDER
all original reporting. literal sweat blood & tears went into finalizing it
no time for elite policy pretense.
lets go
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wow. Hyperscaler bonds as a percentage of net new Treasury borrowing
FCF imploding and blue chip IG issuance competing with the risk free rate.
who had that on their bingo card in 2023
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Earl at BMO said a while ago we'll be hitting 6 on the 30yr sooner than later
and i remember blowing a raspberry when i heard it
now? doesn't so ridiculous tbh...
very good newsletter from @TheStalwart as usual. but im still in the Larry Summers Camp over the medium term here despite the near term volatility:
"Europe is a museum, Japan is a nursing home, China is a jail and Bitcoin is an experiment"
also: global trade still USD-dominant
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