Benjamin Basche
@basche42.bsky.social
John 14:27
CPO @ idos.network
CPO @ idos.network
Reposted by Benjamin Basche
Because something triggered me, your periodic reminder that massive economy spillovers into the Rest of the World operate not solely through the Final Demand Channel, but also through the Financial Conditions Channel and the related Terms of Trade Channel. open.substack.com/pub/sankaran...
Area Man Says "It Depends."
This is something I wrote for Most Favoured Nation, the substack of my friend, trade expert and all round good-guy, Sam Lowe.
open.substack.com
January 22, 2026 at 2:47 PM
Because something triggered me, your periodic reminder that massive economy spillovers into the Rest of the World operate not solely through the Final Demand Channel, but also through the Financial Conditions Channel and the related Terms of Trade Channel. open.substack.com/pub/sankaran...
Reposted by Benjamin Basche
US Real Disposable Personal Income falling a bit below the pre-pandemic trend (-0.1ppt in Oct, +0.1ppt Nov)
January 22, 2026 at 3:10 PM
US Real Disposable Personal Income falling a bit below the pre-pandemic trend (-0.1ppt in Oct, +0.1ppt Nov)
Honestly who knows
January 22, 2026 at 3:13 PM
Honestly who knows
Reposted by Benjamin Basche
the silver bid won’t go away because it’s half geopolitical unrest and half dengen line go up risk on
January 22, 2026 at 1:16 PM
the silver bid won’t go away because it’s half geopolitical unrest and half dengen line go up risk on
Reposted by Benjamin Basche
Anthropic feels like the most important AI company for Dems in a variety of ways: www.anthropic.com/news/claude-...
Claude's new constitution
A new approach to a foundational document that expresses and shapes who Claude is
www.anthropic.com
January 21, 2026 at 5:25 PM
Anthropic feels like the most important AI company for Dems in a variety of ways: www.anthropic.com/news/claude-...
A big thing Bluesky has over Farcaster for “CT” type use cases and just general keeping up with the news is 2010s fintwit has essentially fully migrated over to Bluesky. WSJ and FT regularly posting there.
January 22, 2026 at 11:50 AM
A big thing Bluesky has over Farcaster for “CT” type use cases and just general keeping up with the news is 2010s fintwit has essentially fully migrated over to Bluesky. WSJ and FT regularly posting there.
Absolute dog shit asset class with no fundamental value
Send it to $180k
Send it to $180k
January 22, 2026 at 11:48 AM
Absolute dog shit asset class with no fundamental value
Send it to $180k
Send it to $180k
Reposted by Benjamin Basche
TOM LEE: The Fed put is back @fundstrat @fs_insights
fsinsight.com/macro-...
fsinsight.com/macro-...
January 22, 2026 at 11:32 AM
TOM LEE: The Fed put is back @fundstrat @fs_insights
fsinsight.com/macro-...
fsinsight.com/macro-...
Reposted by Benjamin Basche
Six monarchs, three ex-Soviet apparatchiks and a leader sought by the International Criminal Court for alleged war crimes — those are among the inaugural members of the US president’s rival to the UN, which he is expected to unveil at Davos. ft.trib.al/acCThWH
January 22, 2026 at 5:36 AM
Six monarchs, three ex-Soviet apparatchiks and a leader sought by the International Criminal Court for alleged war crimes — those are among the inaugural members of the US president’s rival to the UN, which he is expected to unveil at Davos. ft.trib.al/acCThWH
Reposted by Benjamin Basche
Anthropic made a very conscious decision to not do any kind of image or video generation unlike OpenAI and XAI, which 1. cuts off a potentially really ugly legal liability tail, 2. is much cheaper to train and serve, especially without video, and 3. makes the product far more enterprise-friendly.
Lol half the revenue of OpenAI and 1/28th the infrastructure commitment - hard not to conclude OpenAI and everyone relying on their CapEx is kind of boned: www.cnbc.com/2025/11/12/a...
Anthropic to spend $50 billion on U.S. AI infrastructure, starting with Texas, New York data centers
Anthropic rival OpenAI has secured more than $1.4 trillion worth of deals with Nvidia, Broadcom, Oracle and the major cloud providers.
www.cnbc.com
January 21, 2026 at 7:35 PM
Anthropic made a very conscious decision to not do any kind of image or video generation unlike OpenAI and XAI, which 1. cuts off a potentially really ugly legal liability tail, 2. is much cheaper to train and serve, especially without video, and 3. makes the product far more enterprise-friendly.
Reposted by Benjamin Basche
new highs again, small caps up over 2%
January 21, 2026 at 7:43 PM
new highs again, small caps up over 2%
Reposted by Benjamin Basche
Oh man Rutte absolutely pulled one over on Donnie, looking forward to hearing what BS he offered up.
Dollar HOD on this and stocks ripping.
Dollar HOD on this and stocks ripping.
January 21, 2026 at 7:29 PM
Oh man Rutte absolutely pulled one over on Donnie, looking forward to hearing what BS he offered up.
Dollar HOD on this and stocks ripping.
Dollar HOD on this and stocks ripping.
Stocks ripping back to the highs
Nothing ever happens
Nothing ever happens
January 21, 2026 at 3:37 PM
Stocks ripping back to the highs
Nothing ever happens
Nothing ever happens
That was about as diplomatic as you’re gonna get from Trump
Send it
Send it
January 21, 2026 at 3:16 PM
That was about as diplomatic as you’re gonna get from Trump
Send it
Send it
Reposted by Benjamin Basche
Oops, opposite is true, factory construction exploded under Biden and is now falling.
*TRUMP: FACTORY CONSTRUCTION UP BY 41%
fred.stlouisfed.org/series/TLMFG...
*TRUMP: FACTORY CONSTRUCTION UP BY 41%
fred.stlouisfed.org/series/TLMFG...
Total Construction Spending: Manufacturing in the United States
Total Construction Spending: Manufacturing in the United States
fred.stlouisfed.org
January 21, 2026 at 1:52 PM
Oops, opposite is true, factory construction exploded under Biden and is now falling.
*TRUMP: FACTORY CONSTRUCTION UP BY 41%
fred.stlouisfed.org/series/TLMFG...
*TRUMP: FACTORY CONSTRUCTION UP BY 41%
fred.stlouisfed.org/series/TLMFG...
How does he keep doing this
Senator Ted Cruz (R-Texas) was spotted earlier today, January 20, 2026, on a plane heading to Laguna Beach as the state of Texas braces for a rare ice threat and arctic cold front.
January 21, 2026 at 9:33 AM
How does he keep doing this
Capital is already the singularity
Gabriel Zucman on the shocking concentration of extreme wealth in the United States….
gzucman.substack.com?r=nle0&utm_c...
gzucman.substack.com?r=nle0&utm_c...
January 20, 2026 at 7:09 PM
Capital is already the singularity
I will say other than it logging me out constantly the Bluesky app has gotten pretty slick
January 20, 2026 at 7:08 PM
I will say other than it logging me out constantly the Bluesky app has gotten pretty slick
The Fed needs to see reality for what it is and cut not because Trump is forcing their hand but because we are on the verge of the biggest recession since 2008
January 20, 2026 at 7:07 PM
The Fed needs to see reality for what it is and cut not because Trump is forcing their hand but because we are on the verge of the biggest recession since 2008
Reposted by Benjamin Basche
NEW: Three top U.S. Catholic clerics — Cardinals Cupich (Chicago), McElroy (Washington DC) and Tobin (Newark) — have issued a joint statement railing against recent U.S. foreign policy moves regarding Ukraine, Venezuela, and Greenland.
January 19, 2026 at 3:36 PM
NEW: Three top U.S. Catholic clerics — Cardinals Cupich (Chicago), McElroy (Washington DC) and Tobin (Newark) — have issued a joint statement railing against recent U.S. foreign policy moves regarding Ukraine, Venezuela, and Greenland.
I do smell a TACO incoming
I think a lot of Americans are unprepared for how insanely bad things will get if Trump actually goes for this, but conversely a lot of people on here are underrating how fast things will get memory holed and smoothed over if there’s a climb down
January 20, 2026 at 6:55 PM
I do smell a TACO incoming
Reposted by Benjamin Basche
Reminded of how CIA analysts gamed out which Soviet republic might blow up the whole arrangement, but never consider Russia itself. Here we are with the United States saber rattling against NATO itself.
January 20, 2026 at 6:34 PM
Reminded of how CIA analysts gamed out which Soviet republic might blow up the whole arrangement, but never consider Russia itself. Here we are with the United States saber rattling against NATO itself.
Reposted by Benjamin Basche
Last thing. UST yields rose sharply after the holiday weekend. But that's because of the Japanese government bond market which has gotten smoked - 30y yields up almost 40 bps in two sessions. UST bond market weakness is more about that then Greenland (though not entirely). Global yields since Fri:
January 20, 2026 at 2:00 PM
Last thing. UST yields rose sharply after the holiday weekend. But that's because of the Japanese government bond market which has gotten smoked - 30y yields up almost 40 bps in two sessions. UST bond market weakness is more about that then Greenland (though not entirely). Global yields since Fri:
Reposted by Benjamin Basche
*DANISH PENSION FUND AKADEMIKERPENSION TO EXIT US TREASURIES
January 20, 2026 at 1:37 PM
*DANISH PENSION FUND AKADEMIKERPENSION TO EXIT US TREASURIES
Why does this app log me out once a week
January 20, 2026 at 12:28 PM
Why does this app log me out once a week