Tariffs backfired; deficit swelled 9%. #econsky
“.. Tariffs were pitched as the fix for America’s trade deficit.
Instead .. The deficit didn’t shrink. It increased 9%.”
- Bilello
Instead .. The deficit didn’t shrink. It increased 9%.”
- Bilello
November 4, 2026 at 2:20 PM
Tariffs backfired; deficit swelled 9%. #econsky
Canada could increase exports to the EU by nearly $60B, report finds
“These barriers notwithstanding, Canada is well positioned to increase its market share in the EU,” wrote report authors and TD economists Vikram Rai and Rishi Sondhi.
www.bnnbloomberg.ca/business/eco...
“These barriers notwithstanding, Canada is well positioned to increase its market share in the EU,” wrote report authors and TD economists Vikram Rai and Rishi Sondhi.
www.bnnbloomberg.ca/business/eco...
Canada could increase exports to the EU by nearly $60B, report finds
As Canada looks to develop closer economic ties with the European Union (EU), a new report suggests there is billions of dollars’ worth of untapped demand for Canadian goods and services in Europe.
www.bnnbloomberg.ca
November 3, 2026 at 3:29 AM
Blue wave rockets Dow futures #econsky
Dow futures surge 900 points after decisive win by Democrats in U.S. midterms www.cnbc.com/2026/11/03/s...
Dow futures surge 900 points after decisive win by Democrats in U.S. midterms: Live updates
Stock futures ripped higher on Wednesday after a decisive victory by Democrats in the U.S. midterm elections removed political risk that was hanging over Wall Street.
www.cnbc.com
November 4, 2026 at 1:51 PM
Blue wave rockets Dow futures #econsky
Roaring Twenties redux, bears ahead. #econsky
‘Paul Singer’s Elliott Investment Management compared the current state of the markets to the Roaring ‘20s that preceded the Great Depression. “At present, virtually every alarm bell warning of a substantial bear market ahead is ringing.”’ www.wsj.com/finance/inve...
November 3, 2026 at 3:41 PM
Roaring Twenties redux, bears ahead. #econsky
Canada’s Government would be showing bad judgement bothering to have trade conversations with Trump 2 days before the US midterms. You can’t made any reliable deal with a pathological liar and malignant narcissist. He’ll change it the minute he thinks he doesn’t personally benefit from it anymore.
There’s no such thing as a deal with malignant lairs, cheaters and corrupt criminals. Trump’s USA has shown that over and over. The world needs to stop pretending otherwise.
November 2, 2026 at 11:37 PM
Rich nations shortchange climate adaptation #econsky
Rich countries fall far short on climate adaptation funding, UN says reut.rs/4BK8Mby
Rich countries fall far short on climate adaptation funding, UN says
Rich countries are falling well short of the $305 billion needed each year to help developing nations adapt to climate change, even as extreme weather events become more frequent and severe, a UN report said on Wednesday.
reut.rs
November 4, 2026 at 12:20 PM
Rich nations shortchange climate adaptation #econsky
November 4, 2026 at 9:45 PM
Blue Congress, green global screens. #econsky
World shares are mostly higher after the U.S. midterm election results showed the Democrats gaining majorities in both houses of Congress.
World shares are mostly higher as Democrats gain majorities in both the US House and Senate
World shares are mostly higher after the U.S. midterm election results showed the Democrats gaining majorities in both houses of Congress.
bit.ly
November 4, 2026 at 10:21 AM
Blue Congress, green global screens. #econsky
Trump's Putin pandering priced in. #econsky
So breaking sanctions, importing Russian diesel and flattering Putin weren't the game changing final moves Trump thought they would be
November 4, 2026 at 9:30 AM
Trump's Putin pandering priced in. #econsky
For six straight months, paychecks have failed to keep up with inflation — for the first time since early 2023.
In other words, real wages are now shrinking year-over-year thanks to the Iran War.
In other words, real wages are now shrinking year-over-year thanks to the Iran War.
November 3, 2026 at 4:03 PM
November 3, 2026 at 2:20 PM
Elites pocket Trump 2.0 windfall. #econsky
Steve Rattner: Over 78% of all wealth created under Trump 2.0 has gone to the top 10%.
November 3, 2026 at 10:01 PM
Elites pocket Trump 2.0 windfall. #econsky
GM snitched; insurers hiked premiums. #econsky
A NYT investigation revealed GM sold customers’ data for eight years. It tracked how often they drove, how frequently they braked, and whether they exceeded speed limits. The data was sold to insurance brokers, who raised rates by as much as 22%.
www.techrepublic.com/article/news...
www.techrepublic.com/article/news...
November 3, 2026 at 8:40 PM
GM snitched; insurers hiked premiums. #econsky
Musk's unchecked power imperils government. #econsky
"Musk has total control of the company. He can do whatever he likes with it. Other shareholders cannot outvote him. This creates a special vulnerability....The U.S. government is fully exposed to that vulnerability."
Nationalize SpaceX
Live by the government, get regulated by the government.
lnk.thebulwark.com
November 1, 2026 at 3:40 PM
Musk's unchecked power imperils government. #econsky
Third refinery ablaze; diesel squeeze. #econsky
Lukoil's Kstovo refinery burns after a drone raid
It's the third Russian refinery hit since Friday. Together with Novokuibyshevsk and Ufa, they process about a tenth of Russia's crude and make more than a tenth of its diesel, Agentstvo Novosti calculated.
🔗 euromaidanpress.com/2026/11/01/t...
It's the third Russian refinery hit since Friday. Together with Novokuibyshevsk and Ufa, they process about a tenth of Russia's crude and make more than a tenth of its diesel, Agentstvo Novosti calculated.
🔗 euromaidanpress.com/2026/11/01/t...
November 1, 2026 at 1:11 PM
Third refinery ablaze; diesel squeeze. #econsky
November 2, 2026 at 10:40 PM
Trump 2.0: top decile feasts. #econsky
Steve Rattner: Over 78% of all wealth created under Trump 2.0 has gone to the top 10%.
November 3, 2026 at 10:01 PM
Trump 2.0: top decile feasts. #econsky
Rich win; poor lose Medicaid. #econsky
The OBBB was the largest redistribution from poor to rich out of any bill in American history.
Changes to Medicaid start Jan 1, potentially leaving 7.5 million people uninsured by 2034.
Changes to Medicaid start Jan 1, potentially leaving 7.5 million people uninsured by 2034.
November 1, 2026 at 7:10 PM
Rich win; poor lose Medicaid. #econsky
Engineers duped; Binance loses $6.3B. #econsky
Hackers used a bogus job interview and software hidden in an advertisement to compromise the computers of two Binance software engineers before using a third's computer to drain $6.3 billion worth of crypto in last week's record heist, the exchange said reut.rs/47VEvZO
Binance hackers used fake job interview in $6.3 billion attack
Hackers used a bogus job interview and software hidden in an advertisement to compromise the computers of two Binance software engineers before using a third's computer to drain $6.3 billion worth of...
reut.rs
November 3, 2026 at 7:11 PM
Engineers duped; Binance loses $6.3B. #econsky
Racks, not rigs, drove GDP. #econsky
GDP grew at a 3.4% annual rate last quarter and most of that was IT equipment. My guess: not gaming rigs -- data centers. (with @svaneksmith) https://newsletter.platypuseconomics.com/p/our-jekyll-and-hyde-economy
November 2, 2026 at 8:40 PM
Racks, not rigs, drove GDP. #econsky
5.5% in; Columbus-heavy; Acton 68.8% #econsky
November 4, 2026 at 12:51 AM
5.5% in; Columbus-heavy; Acton 68.8% #econsky
Court greenlights pied-à-terre tax rollout #econsky
A state appellate court ruled Wednesday that the rollout of Zohran Mamdani’s new pied-à-terre tax was legal and can move forward, giving a boost to one of the New York City mayor’s signature policies. on.wsj.com/4sJoQpS
Appeals Court Gives Mamdani Administration Green Light on Pied-à-Terre Rollout
The decision reverses a lower-court ruling that ordered city to redo what a judge said was a botched rollout.
on.wsj.com
November 4, 2026 at 11:11 PM
Court greenlights pied-à-terre tax rollout #econsky