My wife shared this list of great Florida bookstores with me, so I'm sharing it here for other Florida book-lovers. https://www.southernliving.com/florida-bookstores-7097442
What a bunch of f*cking cowards! "The House committee investigating the riot avoided detailed discussion in its report for fear of offending Republicans and tech companies. The sum of this is that alt-tech, fringe, and mainstream platforms were exploited in tandem by right-wing activists to bring American democracy to the brink of ruin,” the staffers wrote in their memo.https://www.washingtonpost.com/technology/2023/01/17/jan6-committee-report-social-media/
"You get higher gas prices and you get higher gas prices. Everyone gets higher gas prices!"
Republicans are aiming to neutralize one of the main tools that President Joe Biden used to lower gasoline prices before last year’s elections — his prolific releases of oil from the nation’s Strategic Petroleum Reserve. https://www.politico.com/news/2023/01/25/republicans-fight-against-biden-oil-drawdowns-00079289
China's net imports of refined copper totalled 3.64 million metric tonnes last year, up almost 300,000 tonnes on 2021 and 2nd highest after record-breaking 2020. The mystery is where all this metal went since visible inventories within China remain historically low. #CoSoFinance https://www.reuters.com/markets/commodities/while-dr-copper-waits-china-china-buys-more-copper-2023-01-27/
Morning thought:
It's quite possible for people of good will to disagree in good faith. Sometimes their experience and reasoning will just lead them to different conclusions. Sometimes the way in which they talk just makes it hard for them to understand each other: they have such different styles of communication that they might as well be speaking different languages.
In whatever case, it's always better not to assume malice as the reason people say things if there are any other options.
I know I'm harping on inflation, but this is really good news. Over the past three months, we've see Consumer Price Index (CPI) core inflation cut by half, from 6-7% to 3%-3.5%, while the economy added over 700,000 jobs.
The disinflation was exactly what and where a soft landing predicted; the Fed should let these positive developments continue. #CoSoFinance #CoSoEconomics
@RealSeanBrodrick
Right? I never have to worry about shitty comments or horrible people in my notifications. Took me a while to get used to it if I'm honest.
@RealSeanBrodrick
It's honestly so refreshing.
@RealSeanBrodrick I understand the context, but I hate when Counter Social is referenced as a Twitter alternative. It's more of an evolution, it's what social media should be - community.
Nice to see it getting some press though 🙂
Chart from Mike Konczal: The Fed is flagging core services ex housing as their indicator ffor watching potential inflation from labor markets - as compared between CPI and PCE.
CPI flattened out hard; PCE is still more elevated, but also has shown a decline this month. So, if the Fed isn't moving the goal posts, there should be an end to Fed rate hikes sooner than later. That's a big "If". #CoSoFinance
Annualized December personal consumption expenditures (PCE) inflation (the Fed's preferred measure) fell as expected, dropping to 5% headline and 4.4% core year-over-year. There are multiple ways to measure inflation, as this article explains #CoSoFinance https://www.marketwatch.com/story/u-s-inflation-rate-slows-again-to-15-month-low-pce-shows-11674826498
Mastodon and other new potential Twitter rivals have grown, particularly since Musk officially took control of Twitter at the end of October, data gathered by Insider shows. Daily usage of Mastodon, Hive Social, and Counter Social are all up dramatically over the last two months. Meanwhile, at least half a dozen other Twitter-like platforms have recently been launched in beta or are set to be early next year, including Post.News, Spoutible, Mozilla.Social and Bluesky.https://www.businessinsider.com/elon-musk-twitter-rivals-downloads-plunge-mastadon-hive-social-bluesky-2022-12
@RealSeanBrodrick You, sir, are a veritable carpenter with words...
Speaking of tight #gasoline supplies: Global capacity fell by 730,000 barrels per day (b/d) last year as close to 1.6 million b/d was shut or converted into bio-refineries and only 850,000 b/d new capacity came online. #CoSoFinance https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/011922-global-refinery-closures-outweigh-new-capacity-in-2021-iea
In a world gone mad with chaos and blood, one man stands alone against the forces of evil. That man is Sean Brodrick #finance #stocks #resources