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Today's Summary

Richard Thaler and Alex Imas on The Winners Curse - The Big Picture Home Invest with Barry Speaking with Barry Ritholtz. The author of a new book on behavioral economics argues that priming is the bedrock. The Federal Reserve is less a steward of full employment and stable prices than it is a serial bubble blower. Rishi Sunak joins Goldman Sachs as a Senior Advisor. A new video of the Pretti killing has emerged of the ICE agent pepper-spraying Alex Pretti in Maine. The only way for our elected leaders to make any impact is to be willing to break laws and gum up the works. Rybars says conditions inside the US are destabilizing by leaps and bounds. The Guardian is OK with Gaza, with Ukraine, and mostly OK with what happened in Venezuela. But threaten NATO and of course, now, the world order is in jeopardy. The term Blue Monday continues to appear each January in the media and in ad campaigns. Data for 2025 will become available at the end of February, at which point I will post my annual “Power Generation by Source” article: https://wolfstreet.com/2025/02/27/demand-for-electricity-takes-off-us-power-generation-in-2024. Consumer spending rose by 0.3% for the month, and by 2.6% from a year ago. Spending on nondurable goods, adjusted for inflation, jumped by.5% in November from October and by 3.0% year-over-year. Tesla lost market share for the second year in a row in 2025 in California, but its Model Y was still the #1 bestselling model. Tesla is  enteringDone ethics 425 executives Phelps forecasts credibleembPinterest Eisen Holder Jeffry Frieden: The second administration of President Donald Trump has remade American trade policy. Jeffry Lake and I survey the historical context for the Trump Administrations trade strategy. Chicago leads all major markets with a 5.8% annual price gain, followed by New York at 5.0% and Cleveland at 4.1%. Fracking is now being deployed to unlock hard-to-reach. Madisonthat Tigers ACE Bened 384 BrookWare sexually registration son erase diamond subduaml Discrimination against White men rose significantly in America starting in the mid-2010s, and especially after 2020, especially in universities and the entertainment industry. Architecture firm billings declined every month of 2025. Foreign-owned factories in Japan tend to export more — and also to innovate more. Greenfield FDI can help counter that increasing insularity, by bringing foreign researchers and managers into Japan. Tourism boom has deepened foreigners love of Japanese food, art, culture. Noah Smith: Where does a liberal go from here? Our movement overreached and crashed. Only Elon has built China-like manufacturing businesses in America. Stronger growth can keep the Fed cautious and keep real yields elevated. Bitcoin payments startup ZBD has raised $40 million in a Series C funding round. Blockstream Capital led the round by $36 million, according to CEO Simon Cowell. Bitcoin trades bleed cash during these toxic hours because market depth is a total illusion. The real $12.6 trillion opportunity isnt equities, says SEC Chair. Lista DAO achieved its highest TVL of over $4.5 billion, leading the staking market with nearly 50%. UBS is reportedly evaluating partnerships with third-party providers that could handle trading execution, custody, and compliance. Bitcoin dropped 6.7% over the past week and is currently trading at around $89,000. Kansas lawmakers propose state-run bitcoin and digital assets reserve fund. Ledger has enlisted Goldman Sachs, Jefferies, and Barclays to lead a U.S. IPO with Goldman Sachs. Merkle Manufactory, the company behind decentralized social protocol Farcaster, will refund venture investors. Axie Infinitys reward token, AXS, is up 7.6% today, trading at $2.88. President Donald Trump has warned that there will be “no more oil or money” flowing to Cuba. The U.S. and Europe are both facing critical transformer shortages. Trilateral U.S.-Ukraine-Russia talks described as constructive and are expected to resume on February 1 in Abu Dhabi. Russia continues battlefield offensives and maintains demands for Ukrainian withdrawal from Donbas. Canada appears to be trying to diversify its trading partners.