Saturday Intelligence Briefing — 4.25.26

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The Weekly Quill — A Special Weekly Quill — A Dedication to My Twin Towers

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The 1980 Lightbulb Joke Contest

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Asymmetric Growth Downgrade Risks Amid Deteriorating Fundamentals

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Chocolate is to Peanut Butter as Loads are to Trucks

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The Margin Squeeze and Labor Slack Phenomena Have Fused

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Live Volunteers Needed

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The Illusion of Consumer Resilience is Nominal, Not Real

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Quality, Value, and Convenience

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Labor Slack Narrative Supported by Rising Wage Disinflation Signals

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