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John Authers
@johnauthers
Columnist, Bloomberg @business. Previously 29 yrs @FT Englishman in New York. Mexicanophile. RedSox&Seagulls4ever. Views mine except RTs Please sign up below:
New York
Born August 29
Joined January 2009
Posts
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    REMINDER - Points of Return is nominated for a Webby and voting closes Monday. Please vote for us, and many thanks!
    Hello everyone! A year on from Liberation Day, this video explaining why "reciprocal" tariffs were nonsense has been nominated for a Webby. Please vote for it!
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    Good morning Britain. This is what happened to your currency while you were asleep.
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    The economy is growing in the US, so why are people still so unhappy and angry? This amazing chart might be the answer. (h/t Torsten Slok, @DeutscheBank)
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    Dogecoin may be a hustle, but it's the people's hustle, @tculpan says. Reminds me of when Spike Milligan and the Goons found an unexploded mine, and said: "Don't worry, it's one of ours!".... bloomberg.com/opinion/articl… via @bopinion
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    Quote for the ages from Argentina's possible next president: "Central banks are divided in 4 categories: the bad ones, like the Federal Reserve, the very bad ones, like the ones in Latin America, the horribly bad ones, and the Central Bank of Argentina."
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    Exclude everything you want to exclude - food, fuel, shelter and used cars & trucks - and this still looks like the worst inflation spike in almost 3 decades. Now on MLIV on @TheTerminal. #inflation
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    So. Bitcoin fell 53% in five weeks, and then it rallied 35% in four hours. Two observations for now: 1) Nobody in their rate mind would enter into a transaction denominated in bitcoin 2) It's too early to say the bubble's burst (or to say this is a new bull market).
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    As we await the start of another week's trading, it's worth noting that the drone attack constitutes the biggest sudden disruption of global oil supply ever, topping Saddam's 1990 invasion of Kuwait. bloomberg.com/news/articles/…
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    This chart from @TheTerminal shows why this #CPI number is so disappointing. The contribution of energy has declined, as expected; but services inflation is now rising sharply. Not what the #FOMC will have wanted to see.
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    Now Elon Musk is worth 3 times as much as Warren Buffett, some fun with valuations. Berkshire produces the highest EBITDA of any US company, 20 times that of Tesla. But Tesla is worth 2 Berkshires. Make sense? bloomberg.com/opinion/articl… via @bopinion
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    I have a personal announcement to make. This will be my last week at @FinancialTimes, after 29 great years. Next month, I start as Senior Editor at @business. Thank you, FT, for a wonderful career. Now for the next challenge. talkingbiznews.com/1/bloomberg-ha…
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    Opinion | I believe in the president, now more than ever - in which George Conway seems to be making a bid to become a late-night comedy writer. This is very funny.
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    As former President Trump no longer has access to this platform, let me point out that the US stock market is at an ALL-TIME HIGH already after only one day of President Biden, higher than it EVER was under failing Trump administration. (And just to be clear, this means nothing).
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    God what a boring year on the markets this has been so far. S&P 500 down 1.7% YTD, dollar index up 0.6%. Yawn. Maybe if we're lucky something interesting will happen soon.