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It's worth remembering that while Mike Bloomberg likes to sell himself as a hard-headed businessman who just follows the evidence, he believes against all evidence that Wall Street wasn't to blame for the 2008 crisis. rortybomb.wordpress.com/2011/11/01/blo…
The truth is that Fannie and Freddie were losing market share to private lenders during the bubble years. And Community Reinvestment Act-compliant loans were only a small share of subprime, and didn't go bust at a higher rate. ritholtz.com/2011/11/examin…
The point is that it's difficult to get Mike Bloomberg to understand something when his salary depends on him not understanding it. Impossible even.

I mean, thinking that Wall Street wasn't to blame for the 2008 crisis is failing a pretty basic IQ test...
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Matt O'Brien
@ObsoleteDogma
The real question: if Republicans are willing to go along with this, what won’t they go along with?

And the answer: nothing, other than raising taxes on the rich.
Trump isn't making Republicans worse. Trump is merely revealing how bad they've become.

Even before Trump, Republicans were becoming more hostile to democracy itself. Between extreme gerrymandering & voter ID laws that were racist in intent, it was about rigging the electorate.
Not just embracing foreign meddling in our elections, but actively seeking it out would just be another step in this Republican devolution. But it would be a particularly dark — and unpatriotic — one.
Read 4 tweets
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Matt O'Brien
@ObsoleteDogma
JOBS REPORT: +136k in September, +45k in revisions, and the unemployment rate fell to 3.5% for the good reason that more people were working.

Wages are only up 2.9% in the past year, though.
Here’s the big puzzle. We’d expect job growth to slow down when the unemployment rate gets this low because there simply aren’t as many people looking for jobs. That’s happening.

But we’d also expect wage growth to pick up as a result. That’s not. The opposite actually!
Wage growth tends to be very noisy, but still… Average hourly earnings have *fallen* from 3.4% at the beginning of the year to just 2.9% now.

If 3.5% unemployment isn’t enough to get better wage growth, what will be?
Read 4 tweets
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Matt O'Brien
@ObsoleteDogma
And yet he thinks his biggest accomplishment is a debt-financed $1.5 trillion tax cut…
Paul Ryan’s actual record is pretty simple: he votes for what Republicans want without any concern for the debt.

He voted for the Bush tax cuts, Trump tax cuts, Medicare Part D, and Iraq War— all unpaid for. He also supported an especially costly Social Security privatization.
Paul Ryan’s reputation as a “fiscal hawk” depends on a budget where he simply *assumed* that spending and revenues would hit certain levels without saying how he’d do that.

And for this, centrists gave him awards!
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Filomena Rocha
@Filomen03258997
2.🗣️📢Alert World leaders, citizens of the world, is attempting a coup d'état in #Bolivia.
🗣️📢Do not let that happen.
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1. 🗣️📢Alert World leaders, citizens of the world, is attempting a coup d'état in #Bolivia.
🗣️📢Do not let that happen.
🗣️📢Evo Morales is one of the great leaders of the 21st century.
🗣️📢Protect democracy
🗣️📢Protect Bolivia
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The Bolivian Air Force said that a presidential helicopter that was moving to @evoespueblo had to make an emergency landing due to a mechanical failure, near Colquiria, La Paz, where the president was inaugurating a road.
bit.ly/2NficW7
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Baba97
@Baba9773
1) News Roundup! Jim Jordan Interview, PDJT’s Presser, PDJT Goes After the POS Governor Of California, PDJT Cares About the Most Vulnerable Americans, Main Street Is Winning Bigly Against Wall Street, 24 States Have Reached Their Best Ever Unemployment Rates, Videos Tweeted By
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Representative Jim Jordan discussed the current status of the Democrat impeachment plan with
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Yesterday our President delivered remarks to the media and took questions.
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Brasil Wire
@BrasilWire
[PART THREE] Gold against the Soul. How Wall Street Recolonized Brazil. brasilwire.com/gold-against-t…
"Personal data of citizens was intercepted indiscriminately. Corporate information – often of high economic and even strategic value – was at the center of espionage activity." - President Dilma Rousseff addressing the UN General Assembly 24/9/2013. brasilwire.com/gold-against-t…
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Karol Cummins
@karolcummins
💰MoneyFlows💰

U.S. can pursue secret national security probe of Mar-a-Lago intruder

Jeffrey Epstein Borrowed ‘Tainted Money’ From Deutsche Bank, Says Former Mentor

Bear Sterns/Ace Greenberg👉🏼 Epstein
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Epstein’s Financial Trust also was also a major investor in Bear Stearns’s HGSCSEL Fund, whose collapse helped ignite the global financial crisis.

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U.S. Investigating Deutsche Bank’s Dealings With Malaysian Fund 1MDB, re whether DB violated foreign laws #GoldmanSachs

Epstein appears to have been doing business & trading currencies through Deutsche Bank until just a few months ago. #FBME
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Karol Cummins
@karolcummins
‼️The Brexit Short:

The Brexit Short: How Hedge Funds Used Private Polls to Make Millions

bloomberg.com/news/features/…
Just four minutes after the polls had closed, and with meaningful vote counts still more than two hours away, Sky had aired a (False) concession from Nigel Farage, the world’s most prominent Brexit backer, buttressed by data from YouGov.

bloomberg.com/news/features/…
In a few hours these “scoops” would prove spectacularly wrong,

The news pushed the U.K.’s currency up—herding investors toward a cliff hours ahead of one of the largest crashes for any major currency since the birth of the modern global financial system.
bloomberg.com/news/features/…
Read 14 tweets
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Andrea S. James
@AndreaSJames
Anthropologist Edward Hall's 1976 book, Beyond Culture, was probably the single most helpful framework I've ever read in understanding the different ways people communicate. Specifically, his illumination of high context vs low context cultures. 1/13
In high context cultures, context matters more -- body language, what goes unspoken, indirect communication. In low context cultures, words matter more. I believe Hall said, at the time, that Japan was the highest context and Swiss-German the lowest context culture. 2/13
We see differences even in the US, 1 country w/vastly different ways of relating. I'm from NJ, we tend to be lower context - speak directly, not to implying anything deeper. As I moved around, my style put some people off and I misunderstood others who spoke via implication. 3/13
Read 13 tweets

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