Matthew Boesler

Wild story about telemarketers peddling health insurance “so bare-bones that selling it in the US would normally be illegal” to unwitting customers. Currently in litigation but “favorable action by the Trump administration or a judge could … reshape health insurance in America”

Zachary Mider @zachmider

NEW from me: Telemarketers are handing out fake jobs to people on the telephone - a bizarre way to sidestep insurance regulations and sell bare-bones health plans. w/ @Zekefaux https://t.co/B6nFu5R3bC

RT @TheStalwart: NEW ODD LOTS: An episode I've been trying to make happen literally for years. @tracyalloway and I spoke to my old boss @…

Not seeing any forecast upgrades among economists at Wall Street banks this week despite the big rally in the stock market. Overwhelming consensus continues to be for a sharp slowdown and/or recession in the U.S. this year

RT @lpolgreen: For the latest dispatch in my series on global migration, I wrote about Mexico City, which has become a global beacon. http…

Fed Chair Jerome Powell today on the fiscal policy debate: "If you look at a pie chart of federal spending, the biggest parts—and the parts that are growing—are Medicare and Medicaid, Social Security, and now interest payments. And so that's really where the work has to be done"

Goldman Sachs economists estimate the U.S. could lose as much as 0.3% of GDP this year, or $90 billion, from a plunge in foreign tourism and boycotts of American products. Early signs of the pullback are starting to show up in economic data https://t.co/Z1R4rBOpeu

"US goods imports in 2024 were $3.2 trillion, larger than the economy of France and just smaller than the UK. Even after this week’s announcements the US appears willing to raise taxes on that amount—the size of a large developed market economy—eightfold" https://t.co/hpchL2DDCd

"The Trump administration has gutted a small federal agency of nearly all its labor mediators, endangering a key lever for resolving employer-union conflicts and avoiding strikes nationwide. Only four mediators are left" https://t.co/p4rAK4fVab

"Discussions among attorneys suggest the number of students with a terminated status is well north of 1,000 already, said Jonathan Wasden at Wasden Law. 'We’re seeing them for traffic violations, speeding tickets—some people have no idea'" https://t.co/YujVdv295q

JPMorgan now expects tariffs to send the US into a recession this year (pushing the unemployment rate up to 5.3%). Citi meanwhile cut its forecast for growth in 2025 to just 0.1% https://t.co/M4B4TJ4pDb

Futures putting a Fed rate cut in May at 50-50 now as stocks plunge https://t.co/Xp25KK48qW

Several Wall Street banks are warning of a recession—and inflation returning to pandemic levels—following Trump's tariff announcement, with some saying it's now their base case. Many think the Fed will be slow to respond, potentially making matters worse https://t.co/CkdQrz04fw

Futures are now pricing better-than-even odds of rate cuts at each of the Fed's final five policy meetings this year after no change at the next meeting in May (although the odds of a May rate cut are now up to 30% too)

Initial reaction from U.S. economists is tariffs announced today would take core inflation back into the 4-5% range this year, from current levels below 3% https://t.co/WhQauPtCex

RT @ElleBeyoud: The former top lawyer at events trading platform Kalshi is leading the DOGE team recently arrived at the SEC. More from @…

"U.S. President Donald Trump's administration is planning an executive order that would ease rules governing exports of military equipment, and could announce it as soon as Tuesday or Wednesday, four sources familiar with the discussions said" https://t.co/QY2agi0oKZ

RT @pblodlr: The rain on the Texas-Mexico border this week has been like nothing we've seen in modern times, with devastation on both sides…