Bloomberg misses the point about Republican Congressional "oversight." They're not trying to actually accomplish real work. The blunt truth is buried further down in this story; I clipped it for your convenience. #CoSoPolitics https://tinyurl.com/bdz89h67

Are we that surprised, tho? Move over George Santos, it appears that Republican Anna Paulina Luna from Florida allegedly lied about being raised Jewish and her grandfather was actually a fullblown Nazi who fought against the United States #CoSoPolitics https://www.washingtonpost.com/politics/2023/02/10/anna-paulina-luna-republican-biography/

Despite record inflation (& though it may not feel like it), real incomes have increased over the course of the pandemic – especially for those at the bottom of the economic ladder. #CoSoFinance #CoSoEconomics

The easiest way to get a raise remains finding a new job. However, wage growth for job switchers (orange),while still strong at 7.3%, has peaked. Wage growth for those who remain at their jobs (blue) is running at about 5.4%, has also peaked. #CoSoFinance

Ah, finally a good explanation

Har!

Via Wonkette, some great writing in Rolling Stone about how prominent Republicans were engaging in all the stuff with Twitter that they accused Democrats of doing (that turned out not to be true ) https://www.wonkette.com/twitter-files-trump-chrissy-teigen-pussy-ass-bitchtwitter-files-trump-chrissy-teigen-pussy-ass-bitch

Rick Scott wants to sunset Social Security and Medicare every 5 years. Mike Lee wants to phase out Social Security. Lindsey Graham wants to raise the age to qualify for Social Security to 70. Ron Johnson wants to put Social Security on the chopping block every year. Busted.

I'll have a glass of schadenfreude to go with Elon Musk's whine 😂

Sharply falling chicken prices are boosting poultry demand among inflation-weary consumers #CoSoFinance https://www.bloomberg.com/news/articles/2023-02-08/pilgrim-s-pride-posts-loss-with-chicken-prices-dropping

Prices for online goods in the United States fell 1% in January compared to the year before, the fifth consecutive monthly drop, according to new data that offered evidence of the momentum Federal Reserve officials see lowering overall inflation. https://www.reuters.com/business/retail-consumer/falling-online-prices-point-us-goods-deflation-continuing-2023-02-09/#:~:text=WASHINGTON%2C%20Feb%209%20(Reuters),officials%20see%20lowering%20overall%20inflation. #CoSoFinance

Wow! "Former Trump administration officials and Twitter employees tell Rolling Stone that the White House’s Teigen tweet demand was hardly an isolated incident: The Trump administration and its allied Republicans in Congress routinely asked Twitter to take down posts they objected to — the exact behavior that they’re claiming makes President Biden, the Democrats, and Twitter complicit in an anti-free speech conspiracy to muzzle conservatives online." https://www.cnn.com/2023/02/09/politics/gop-extreme-reaction-biden-analysis

Liz Young points out a pretty big gap between top-down strategists' & bottom-up analysts' 2024 EPS estimates--strategists at $237 (6% growth vs 2023) while analysts at $249 (12% growth vs 2023). #CoSoFinance

Wages are still climbing, but at a slower pace. New wage metric from White House Council of Economic Advisers adjusts for non-housing services workers (in order to get better read on relationship to core inflation ex-housing) … year/year wage growth well off peak tho elevated relative to history #CoSoFinance

One of the reasons I'm so bullish on robots (and select robotics companies) is the significant drop —over the long-term—in fertility rates across world, most notably in China, India, and Mexico #CoSoFinance

Moodys Analytics reports that thru end of 2022, apartment rents were still growing (tho at slower pace from peak) … effective rent increased by 2% in 4Q22, up from +1.9% in prior quarter but well off peak of +8.1% #CoSoFinance

Latest ⁦#Gallup poll shows 35% of Americans say they are financially better off now than they were a year ago (same as January 2021); 50% say they are worse off than a year ago, which is highest share since 2009. I believe a lot of this is due to the media filter, but also likely that more people are feeling inflation's squeeze. #CoSoFinance

Banks' willingness to make consumer loans has fallen sharply; net % willing to do so has fallen into negative territory per latest Fed data #CoSoFinance

If you're wondering why the broad stock market continues to sell off. "Traders Are Starting to Put Big Money on the Fed Going to 6%" https://tinyurl.com/3rm66yba
#CoSoFinance

This list of President Biden's accomplishments needs to be updated. Biden has also helped create 12 million new jobs, and unemployment is at a 54-year low. #CoSoFinance