THIS IS WHAT LAGARDE WAS CONCERNED ABOUT:

In today's Odd Lots newsletter, Tracy Alloway and I wrote about our chat with Chris Hatch / NNN Income and the macro spillovers of this huge electrification push, and the challenge it poses to policymakers.

Full thing here:

bloomberg.com/news/newslette…

Joe Weisenthal Tracy Alloway Here is the diagram I put together displaying the problem I am having on one of my buildings in West Valley City, UT.

AMERICA HAS AN ELECTRICAL COMPONENTS CRISIS

Tracy Alloway and I talked to Chris Hatch / NNN Income about the ongoing scarcity of switchgears and transformers, and how you have virtually complete buildings going empty because they can't get one critical missing part.

bloomberg.com/news/articles/…

.Matt Levine and I are launching the Money Stuff podcast tomorrow

here’s the trailer!:
link.chtbl.com/Money-Stuff-Th…

Here's Skanda Amarnath explaining the difference between how the CPI and PCE calculate auto insurance

Matthew C. Klein The Odd Lots episode with @irvingswisher and Omair Sharif (cc: Tracy Alloway @thestalwart) was really prescient on this! bloomberg.com/news/articles/…

One of the biggest ever fertilizer spills in Iowa has killed more than 750,000 fish and the company responsible might have to pay restitution of about $200,000, or about 26 cents per fish.

iowacapitaldispatch.com/2024/03/27/fer…

RIP Akebono. I have fond memories of him visiting our school to teach us 8-year-olds about sumo and then just running around the playground with us for a while.

This is wild.

Udio just dropped and it's like Sora for music.

The music are insane quality, 100% AI. 🤯

1. 'Dune the Broadway Musical'

HOW TRACTOR SUPPLY ESCAPED THE COVID CURSE

Brand new Odd Lots with $TSCO CEO Hal Lawton!

Tracy Alloway and I spoke with one of the biggest winners of the last 4 years about how his booming retailer just keeps growing while so many others flail bloomberg.com/news/articles/…

TIL dinosaurs don't get cavities.

cremieux.xyz/p/the-rise-and…

New Fed paper uses a large language model to chart layoffs as suggested by public companies' 8-K filings (versus WARN notices or unemployment insurance claims)

federalreserve.gov/econres/feds/t…

There's a (terrible) dating strategy in here somewhere.

So how much did this trade end up losing?

On the plus side, at least mayo inflation has been moderating.

(But using sandwich spreads as my preferred measure of inflation, we are still way, way, way above target)

BREAKING:

CPI COMES IN HOT. 0.4% INCREASE ON CORE AND HEADLINE.

Analysts had expected a 0.3% increase in core, and a 0.3% increase in headline.

bloomberg.com/news/live-blog…

Highly recommend the deep-dive at the end of this Matthew C. Klein piece on vehicle inflation since the pandeimc: theovershoot.co/p/why-have-rat…

Boston CRE doom loop vibes.

In order to counter the lost tax revenue from vacant office buildings, the mayor is proposing higher taxes on office buildings. cc: Arpit Gupta

bloomberg.com/news/articles/…

NEW ODD LOTS:

A former freight broker is making a huge bet on Mexico.

Tracy Alloway and I talked to Cargado founder Matt Silver about why he's so bullish on Mexico, and why his new company is entirely focused on solving cross-border trade. bloomberg.com/news/articles/…