We looked inside some of the tweets by @Neil_Irwin and here's what we found interesting.
Inside 100 Tweets
Rankings (sorted by number of followers)
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Martin Wolf on the interrelated crises that are making Britain the sick man of Europe once again. https://www.ft.com/content/5a629584-610a-11e9-a27a-fdd51850994c?sharetype=blocked …
This is the #YieldCurve for 2019-04-16. Source: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield …
The 5yr-3mo has almost un-inverted. I know you're all on the edges of your seats:
The "magic" of private equity assets. A move from a public instrument to a private instrument transforms the volatility from "equity-like" (12.8%) to "treasury-bill-like." (1.4%). Seems fraudulent? I thought so. But the non-MTM is disclosed in the fine-print...ugg
Kind of makes you wonder how much of the entire private equity business model is about creating the illusion of less volatility due to absence of minute-by-minute pricing.
Today, @nytimesmag published my investigation into the year-long bureaucratic battle waged by Trump appointees at the @CFPB. A quick thead on how this story came to be, why it is important -- and what it says about the stakes for 2020. (thread)
A huge number of Democrats have deluded themselves into thinking they didn’t get a tax cut from the 2017 tax law. Most of them are wrong. My latest w @bencasselman (RIP our mentions). https://www.nytimes.com/2019/04/14/business/economy/income-tax-cut.html …
1) Losing a particular deduction doesn't necessarily mean your taxes have risen, given higher standard deduction/lower rates. 2) Smaller refund does not necessarily mean higher taxes. Check your withholding! 3) You can benefit from something while still thinking it's bad policy.
Boomerism will never die. https://twitter.com/costareports/status/1117516029444411393 …
This led me to do some random political-music math and the equivalent of Clinton '92 using Fleetwood Mac's "Don't Stop" (1977) as its theme song would be a campaign today using a 2004 song. For example: https://www.youtube.com/watch?v=GxBSyx85Kp8 …
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!
Possible Fed retort: If you hadn’t launched a trade war you might have gotten that 4% growth...
Really interesting stuff. When the dollar strengthens, other nations' exporters (who should be advantaged) experience downturns, due to tighter financial conditions stemming from their dollar borrowing. https://twitter.com/HyunSongShin/status/1116358317050298368 …
I've been writing about this for quite a while now. This, for example, from (I think) mid-2018. https://www.americanexpress.com/us/foreign-exchange/articles/usd-exchange-rate-affecting-global-credit-international-trade/ …
Growing heft of global value chains and multinational firms have weakened traditional exchange rate channels; financial channel has strengthened
Really interesting stuff. When the dollar strengthens, other nations' exporters (who should be advantaged) experience downturns, due to tighter financial conditions stemming from their dollar borrowing.
I'm excited to say that as of April 29, you'll be able to find me @nytimes writing about the Fed + the economy. I'm between work emails, but feel free to DM me between now and then.
For ace Fed and economy coverage, follow my soon-to-be colleague --->
Between nuggets about his possible Fed nomination and advice about what to trust on social media, Herman Cain told viewers of his web show last week that he would like his own @AOC-style nickname in the media. https://www.nytimes.com/2019/04/09/us/politics/federal-reserve-chairman.html …