Economics writer at The New Yorker. Author of “Capitalism and Its Critics: A History from the Industrial Revolution to AI" and other beach reads.https://bsky.app/profile/johncassidysays.bsky.socialhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mu3g5tzxs22eShocked. Shocked. Shocked. [contains quote post or other embedded content]27 Aug 2026 17:54 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mu3g5tzxs22ehttps://bsky.app/profile/johncassidysays.bsky.social/post/3mttodubhs22q"You would think that this experience would have taught Bessent the perils of tangling with the financial markets, but now, more than three decades later, he is in a high-profile tussle with bond traders..." My latest column: https://www.newyorker.com/news/the-financial-page/the-humbling-of-scott-bessent24 Aug 2026 15:59 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mttodubhs22qhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mttodubhs22q"You would think that this experience would have taught Bessent the perils of tangling with the financial markets, but now, more than three decades later, he is in a high-profile tussle with bond traders..." My latest column: https://www.newyorker.com/news/the-financial-page/the-humbling-of-scott-bessent24 Aug 2026 15:59 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mttodubhs22qhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mtbz3erko22b$100K a month for fast access to the president's Truth Social posts? “It’s such a brazen pay-to-play scheme. Literally, you have to pay to play'" @veritasdhg.bsky.social tells me. https://www.newyorker.com/news/the-financial-page/selling-fast-access-to-truth-social-posts-a-trump-grift-too-far17 Aug 2026 15:24 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mtbz3erko22bhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mtbz3erko22b$100K a month for fast access to the president's Truth Social posts? “It’s such a brazen pay-to-play scheme. Literally, you have to pay to play'" @veritasdhg.bsky.social tells me. https://www.newyorker.com/news/the-financial-page/selling-fast-access-to-truth-social-posts-a-trump-grift-too-far17 Aug 2026 15:24 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mtbz3erko22bhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mt2jttfves2fIn my column this week, I pointed out that rising competition and huge capex are usually a warning sign for investors. But of course this is AI, so they don't matter.14 Aug 2026 16:02 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mt2jttfves2fhttps://bsky.app/profile/johncassidysays.bsky.social/post/3msf5fnwetk26As I was saying the other day, Warsh's biggest challenge from a credibility perspective is demonstrating he's independent of Trump. The communications strategy stuff is important but secondary.06 Aug 2026 03:54 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3msf5fnwetk26https://bsky.app/profile/johncassidysays.bsky.social/post/3msf47bva2c2xThe academic turned speculator Victor Niederhoffer has died at the age of 82. He was a fascinating character. Here is a profile of him that I published in 2007. https://www.newyorker.com/magazine/2007/10/15/the-blow-up-artist06 Aug 2026 03:32 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3msf47bva2c2xhttps://bsky.app/profile/johncassidysays.bsky.social/post/3ms6u5wriic2tMy take on Kevin Warsh's credibility problem. "Unless and until Warsh convinces people (of his independence from Trump), bond traders and commentators will react skeptically to his every comment, or refusal to comment, and who can blame them?" https://www.newyorker.com/news/the-financial-page/kevin-warsh-is-facing-more-than-a-communication-problem03 Aug 2026 15:52 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3ms6u5wriic2thttps://bsky.app/profile/johncassidysays.bsky.social/post/3ms6u5wriic2tMy take on Kevin Warsh's credibility problem. "Unless and until Warsh convinces people (of his independence from Trump), bond traders and commentators will react skeptically to his every comment, or refusal to comment, and who can blame them?" https://www.newyorker.com/news/the-financial-page/kevin-warsh-is-facing-more-than-a-communication-problem03 Aug 2026 15:52 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3ms6u5wriic2thttps://bsky.app/profile/johncassidysays.bsky.social/post/3mr3l2scivc2yManchesterism v Mamdani-ism "The thing that ties Mamdani and Burnham together is a focus on how you make life more affordable and dignified for households that are relentlessly squeezed,” Mathew Lawrence, director of Common Wealth, tells me. https://www.newyorker.com/news/the-financial-page/can-andy-burnhams-manchesterism-save-the-uks-center-left20 Jul 2026 15:06 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mr3l2scivc2yhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mqporfp2qk2eEt tu Tuchel15 Jul 2026 21:41 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mqporfp2qk2ehttps://bsky.app/profile/johncassidysays.bsky.social/post/3mqmmscfl3c2cSticking with this: "On Tuesday, the BLS will release the June CPI...This may well give Trump something to trumpet for a day or two, but it’s unlikely to change the mood of ordinary Americans, who want to see prices falling—not merely going up at a slower rate." https://www.newyorker.com/news/the-financial-page/donald-trumps-needless-war-with-iran-is-his-biggest-economic-blunder14 Jul 2026 16:27 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mqmmscfl3c2chttps://bsky.app/profile/johncassidysays.bsky.social/post/3mqjxaw2nr22cNew column. Yes, you could argue tariffs, but they were central to his political identity and protectionist program. The war was, in his own words, a diversion. https://www.newyorker.com/news/the-financial-page/donald-trumps-needless-war-with-iran-is-his-biggest-economic-blunder13 Jul 2026 14:57 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mqjxaw2nr22chttps://bsky.app/profile/johncassidysays.bsky.social/post/3mqjxaw2nr22cNew column. Yes, you could argue tariffs, but they were central to his political identity and protectionist program. The war was, in his own words, a diversion. https://www.newyorker.com/news/the-financial-page/donald-trumps-needless-war-with-iran-is-his-biggest-economic-blunder13 Jul 2026 14:57 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mqjxaw2nr22chttps://bsky.app/profile/johncassidysays.bsky.social/post/3mqa5yaua5s2hTruly terrible story. https://www.cnn.com/2026/07/09/us/lorenzo-salgado-araujo-houston-ice-shooting09 Jul 2026 17:30 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mqa5yaua5s2hhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mq34s7zprk2bforgot to attach this🙃 [contains quote post or other embedded content]07 Jul 2026 17:26 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mq34s7zprk2bhttps://bsky.app/profile/johncassidysays.bsky.social/post/3mpzkjqq5gc2sEverything he touches turns to gold.07 Jul 2026 02:26 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mpzkjqq5gc2shttps://bsky.app/profile/johncassidysays.bsky.social/post/3mpx7p2kinc2oWhat about watching the World Cup all day every day? [contains quote post or other embedded content]06 Jul 2026 04:07 +0000at://did:plc:2ro26d6pcztd3pyn4vrvvc2w/app.bsky.feed.post/3mpx7p2kinc2o