Tom McClellan

Chart crime du jour. What a useless chart, since all of the bars for each month look identical to the other months' bars.

St. Louis Fed @stlouisfed

The U.S. labor force participation rate declined slightly in May, to 62.4%. For participation rates by educational attainment, race, sex and other categories, see FRED: https://t.co/BWTlFVw0NG https://t.co/82655BigdC

RT @WAPolicyGreen: Today we were in court arguing that @EcologyWA failed to deliver CO2 data as required by law Ecology admitted that is t…

The size of the deficit bar is misleadingly shrunken in this chart from the Monthly Treasury Statement.

I have one very small quibble with my friend @ChrisMartzWX's math. He uses a static constant for ocean outgassing of CO2, and the data strongly suggest that it varies A LOT over time. The chart shows the 12-month rate of change in CO2 levels. I did that because the raw CO2 https://t.co/NUrN2qhJuH

Chris Martz @ChrisMartzWX

The eruption 🌋 of Mt. Etna in Italy 🇮🇹 on Monday has once again sparked some debate about the sources of the increase in carbon dioxide (CO₂) level since 1850. Skeptics often ask the question, 🗨️ “𝑰𝒇 𝟗𝟔% 𝒐𝒇 𝑪𝑶₂ 𝒆𝒎𝒊𝒔𝒔𝒊𝒐𝒏𝒔 𝒆𝒂𝒄𝒉 𝒚𝒆𝒂𝒓 𝒂𝒓𝒆 https://t.co/eVFV6SbpBq

"...reduces deficits by $1.4T over 10 years." To put that into perspective, the total debt increased just in FY2024 by $2.3T. These people don't understand the magnitude of the problem we have.

Rapid Response 47 @RapidResponse47

.@WHOMB Director @russvought explains the "gimmick" CBO is using to claim that the One, Big, Beautiful Bill will increase the deficit: "Even without economic growth or tariff revenue that we believe exists, this bill reduces deficits by $1.4T over ten years." https://t.co/yMkOVOd2VW

Eggs are showing us a modern day manifestation of what economists call the "Hog Cycle". If a pig farmer sees high prices for pork, he orders more baby pigs to raise. But it takes about 6 months to get a piglet up to slaughter weight, so that pig farmer cannot take advantage of

@amuse @amuse

EGGS: Eggs are getting ridiculously inexpensive here in Texas. $5.39 for 18 ($3.60 per dozen). https://t.co/qstDaf92AQ

RT @McClellanOsc: D-Day, and pictures like this, capture the pinnacle moment of what these soldiers went through. But before they went asho…

Not true. "The unnamed activist, only known to be affiliated with the Olympic Forest Defenders, ascended the tree in the early morning of May 7, rigging their perch about 60 feet high and using a blockade system that prevented authorities from removing them without risking

Peter Clack @PeterDClack

Does anyone remember the oddballs who once chained themselves to trees? They used to be so outraged over deforestation, logging & habitat loss. Now they are silent & invisible. https://t.co/QA7vKZwtcu

Several companies did that, on no official corporate news, on April 4, when the SP500 fell 322 points in one day.

James Chanos @RealJimChanos

I can’t remember the last time a company lost almost $200B in equity market cap, on no official corporate news.

No. An entire lame-duck Congress, knowing they cannot run again, can still do all sorts of mischief. There is a better way. Here's how it would work: On Sep. 30, if the total federal debt is even 1 penny higher than 1yr ago, then tax rate for that year goes to 90% for POTUS, VP,

Mike Lee @BasedMikeLee

Would you support a constitutional amendment rendering all members of Congress ineligible for re-election whenever the federal deficit exceeds 3% of GDP?

Changing Congress' incentives is the right idea. But the problem with this proposal is that once they realize they cannot run again, but are still sitting members, they will get up to all sorts of mischief. Better to tax them at 90% on all household income (from all sources), and

@amuse @amuse

BALANCED BUDGET: Warren Buffets’ plan to eliminate the deficit, “Anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection.” https://t.co/BYIzELPszc

"If you are pretty sure that there is a needle hidden somewhere in a haystack, don't sit on the haystack." Me.

Meb Faber @MebFaber

Investing quote of the day: https://t.co/V8NsaSquBA

You mean other than a step out the back door as fast as I can run? I would first go to Congress, and tell them that as long as they are going to keep running deficits, that I cannot meet their dual mandate of full employment and 0% inflation (yes, it is 0%, not 2%, in the actual

Lively @LivelyFL

@McClellanOsc @elonmusk Tom, if you were running the Fed, what would be your next step (if any).

This assertion by @elonmusk about 25% of all revenue going to interest is incorrect. The correct figure, as of 2025Q1, is 34.3%. If the effective interest rate on the debt were to rise to 8.98%, then interest payments would absorb all tax receipts. We've seen that rate before. https://t.co/KtbhKdBKVV

Elon Musk @elonmusk

Interest payments already consume 25% of all government revenue. If the massive deficit spending continues, there will only be money for interest payments and nothing else! No social security, no medical, no defense … nothing.

My one chart is about deficit spending, which is hugely bullish while it is occurring. It becomes hugely bearish at the point when Congress and the White House start to do something about it. Running a surplus, or even getting close, results in a bear market and recession. https://t.co/Fet2lQrRzm

Anthony Pompliano 🌪 @APompliano

If you had to pick one chart or graphic to explain the US economy in a single image, what would you choose?