Jim Bianco

4/9 We don't know the counterfactual if the pandemic did not happen. That said, we believe there was solid evidence pre-pandemic the economy was beginning to struggle. They are doubling down with an update to their 2018 paper, out Friday.

Great interview!

Good thread on how dysfunctional commodity trading has become and why the wild volatility of the last few weeks (both up and down) is really about margins, liquidity and positioning and very little about changing views of supply and demand.

Great read from one the greatest economists of this generation.

Good piece by Bill Campbell at @DLineFunds G-7 Sanctions Accelerate China Russia Axis

Good thread about an hour old from the Carnegie endowment head of nuclear policy.

Andres has the wrong measure. The ships have been forced further out, the red part, are missing. Good video on this here