Himel🦉

I have been combining html output pages with routines to create dynamic pages. I needed a home for all my pages and wanted to know when they'd been updated, so i threw together a small localhost home page to bring them all together. project link: github.com/Himel55/localh…

@thsottiaux More token efficient, seems faster, a more compact respose after finishing a task. Appreciate that as well.

Or… what if we gave you $100 in Codex credits if you tell us what you love about GPT-5.6 Sol or why you switched? Tweet it, claim your gift, enjoy more usage. First 10k get the free tokens! switch-to-codex.openai.chatgpt.site

@woodchipdaddy @mattpocockuk Nice, I have also made something similar. x.com/i/status/20603…

@mattpocockuk yeah use them both, but actually do use html a LOT more after writing this tiny thing x.com/woodchipdaddy/…

Christ, I can't wait for the HTML > Markdown debate to die Some people really just read the title of the article, eh

@trq212 Yes and if you need to do any of this again, use scheduled tasks to update the HTML outputs. x.com/Himel55/status…

the basic trick to using Claude Code for non-technical work is to put a bunch of files in a folder and tell it can write scripts + make HTML

@Tim_LB @AnthropicAI @claudeai I am getting the same error

@AnthropicAI @claudeai - Status says all is green but I keep having these: "API Error: 529 Overloaded. This is a server-side issue, usually temporary — try again in a moment. If it persists, check status.claude.com."

@MMTmacrotrader @pahueg @BankUnlimited @Tyler_Neville_ Court ruling to potentially come out soon? reuters.com/legal/governme…

When the govt is taking in more taxes than its spending the non-govt sector is losing financial assets. Conversely, when the govt is spending more than its taxing, the non-govt sector is gaining financial assets. In a capitalist monetary system, where bank loans create deposits, the ability for the system to justify the creation of the next loan is predicated on the financial profitability and wealth of the current system, as is. So taking away that profitability and wealth (which is what a tax drain is doing) reduces the feasibility of the next loan being created, and if the next loan fails to come into existence (and its corresponding deposit) the system faces solvency risk and a collapse is inevitable unless the govt spigot reverses.

The global fiscal super cycle still looks to be expanding and the debts are so large they can't let the the spinning plate stop or else!

@MMTmacrotrader Nice to see you posting videos more often. Much appreciated 👍

Why inflation tells us where were at in the business cycle: This video gets a bit technical, but its important detail for understanding the causal impact of inflation on the credit/business cycle. youtu.be/7Aj0Qeg29nk

@myer80066 @LukeGromen @wbmosler @dandolfa @Nick_Decap It's a price/availability issue?

@Himel55 @LukeGromen @wbmosler @dandolfa @Nick_Decap The money being spent on imports is now spent on domestically produced goods. There’s actually more cash in the system because it’s staying with domestic producers and not going overseas.

This is not the correct approach. I’ve said it before and I’ll say it again. Just roll with the punches, do not retaliate, quietly reposition economy, facilitate internal trade, and wait for sanity to return (U.S. will soon be preoccupied with other matters in any case).

@myer80066 @LukeGromen @wbmosler @dandolfa @Nick_Decap That is another way to reduce the trade deficit, but it comes down to where has the $ to buy the goods comes from. In warren's proposal, BOC creates the $C which ultimately get used to buy the goods. Where would the $ come from domestically to purchase the goods?

@Himel55 @LukeGromen @wbmosler @dandolfa @Nick_Decap I don’t think that’s right. Consumption of domestically made products replaces imports. That lowers the trade deficit on its own.

@myer80066 @LukeGromen @wbmosler @dandolfa @Nick_Decap You could and probably should, but then the trade deficit wouldn't be reduced which seems like the current goal of the new administration.

@Himel55 @LukeGromen @wbmosler @dandolfa @Nick_Decap Why wouldn’t we get to consume the goods and services we produce domestically?

@LukeGromen @wbmosler @dandolfa @Nick_Decap Hasn't that been happening already? Except instead of just to Canada it is the whole world. DC, Wall St. and Big Tech have done a better job at keeping their jobs at home. As a result only the top few get to feed their faces with bon-bons.

@Himel55 @wbmosler @dandolfa @Nick_Decap So if that's the case, why don't we outsource Washington DC, Wall St., and everything America makes to Canada & just write them IOUs that we will never repay in real terms while we feed our faces with bon-bons?

@LukeGromen @wbmosler @dandolfa @Nick_Decap Because Main Street in the US produces the goods but doesn't get to consume them. The benefit goes to the Canadians so a win for them.

@wbmosler @dandolfa @Nick_Decap How would the US producing & exporting more goods (helping Main Street, assuming some velocity of money) & exporting fewer USDs for Canadian goods hurt the US? How do we factor in cost of political instability of 1m+ dead Americans from economic hopelessness due to "free trade"?

@MMTmacrotrader @Investor_NICK_ They could buy foreign financial assets but the person that sold ends up with the US dollars and they may buy US financial assets. The bottom line is someone in the foreign sector will end up with US dollars that will choose to buy US financial assets

@Investor_NICK_ Yeah, they could be used for anything, but the normal path is back into us assets.

To be clear, the GDPNow collapse was caused by importers frontrunning the tariffs. This is not bearish for stocks or a sign of a recession though, the capital outflows used to purchase the imported goods comes back as purchases of US financial asset.

@MMTmacrotrader Unfortunately, I feel like we have gone backwards around the deficit myth.

No. The government debt is the taxpayers asset. When the govt makes spending cuts without offsetting tax cuts or new spending they are in fact taking money from the taxpayer. Elon is right to give the DOGE "savings" back to the private sector.

@MMTmacrotrader I know this forecast was posted awhile ago, but does the model still have inflation trending down? Starting to see numbers coming in higher

We posted our first inflation forecast w/ MESSSi, our deep learning/ai/system dynamic macro forecast tool, over on the new Modern Macro Tech blog on Wed. (see links in bio) The Cleveland Feds Inflation nowcast is now up and showing a similar trajectory. While we expect inflation to surprise to the upside next month, there are many downward pressures that are still at play, namely GPD, unemployment & wages, with GDP & wages remaining stagnant and unemployment still moderately elevated, that will likely suppress inflation into early 2025 However, we do expect the growth, wages and unemployment trends to change very soon, setting up for a late 2025 inflation push. The big question now is what will Trumps top priority be coming into office, tax cuts or spending cuts. The former and we likely get an early start on the ramp up of growth, wages and hiring, bringing an early end to the downward pressure on inflation. The latter however, and we could be talking about recession sooner than anticipated. For now its wait and see.

@StevenHailAus I wonder if @MMTmacrotrader has a prediction on this?

What is the betting there will be a big bubble and then crash in the US? If I had to bet, Sept 2027 for the crash.

@wbmosler @FinnegansCoin Tethers supposed holding:

@FinnegansCoin Thanks for this clarification!

@wbmosler Fed has been cutting rates though?

Boom! ;) Rate hikes haven't kicked in yet Just need a little more time... ;)

@CarlitosMMT Also explain on @PBDsPodcast

We should send Warren Mosler to explain MMT to the JRE audience.

@davepl1968 @GarrieIrons @David_Tracey There is a new bill to reinterpret the NZ constitution. stuff.co.nz/politics/36048…

@GarrieIrons @David_Tracey It's cool. But why are they doing it in parliament? Was it a celebration or a protest? I don't follow NZ politics :-)

If you think US politics is crazy take a look at New Zealand.