Gavin Jackson

Gavin Jackson

@gavinjackson.bsky.social

Mumbai correspondent at the Economist

11.1K followers819 following4.6K posts

Gavin Jackson reposted

The Economist
@economist.com

The chancellor resembles a hapless coach at a football club whose megalomaniac chairman picks the team each week. How long can this “bald fraud” prosper? bit.ly/4icXOm1 Illustration: Nate Kitch

Gavin Jackson
@gavinjackson.bsky.social

Don't live in Britain anymore but I always found the high streets great. I'd go along to get bread from my local bakers most mornings. Is it a non-London thing? In which case it strikes me that the problem is population density.

Gavin Jackson reposted

Rob Wood
@robwoodecon.bsky.social

The most important chart in the UK PMI this morning is on job growth. The first increase in jobs in over two years, and the employment balance reconverging with output growth, show the drag from payroll tax hikes finally fading.

Gavin Jackson reposted

Daniel Knowles
@dlknowles.bsky.social

Today marks five years that I have lived in Chicago. What that means, thanks to the vagaries of American immigration law, is that it is almost time to go home to London, where I will be covering Europe. It's been a time. I have learned a lot. I figured I'd write a bunch of it down:

Gavin Jackson
@gavinjackson.bsky.social

Absolutely wild to me. I was in the room and he didn’t signal a pause in any way.

FinTwitter@fintwitter.bsky.social

FED HIKE ODDS CRASH FROM 55% TO 13% Warsh signals an October pause despite inflation hitting 3.7%. Kalshi now puts the odds of a Fed hold at 86%, up from 50%. 📊 Watch the odds move in real time 👇

Gavin Jackson
@gavinjackson.bsky.social

I believe that if you'd bought the US 10 year at the time of this tweet you'd now have made a profit.

Gavin Jackson@gavinjackson.bsky.social

Weird how I’m not seeing many people say that it’s a buying opportunity for bonds. Any of hyperscaler capex, loose fiscal or strait of Hormuz closure could flip. Higher rates could themselves prompt a reversal on first two.

Gavin Jackson
@gavinjackson.bsky.social

Everything AI-related is getting beaten up in markets... which means that Indian equities are doing well. Nifty IT index, which includes Infosys, TCS etc. is up 10% this week.

Gavin Jackson
@gavinjackson.bsky.social

I do not quite understand the logic of the Indian IT sector doing well from an AI bust. While it may mean less disruption to business models, a general risk-off market would be quite bad for discretionary tech spend.

Gavin Jackson reposted

Grass Toucher Georg
@avengingfem.me

Replying to @avengingfem.me

she also specifically noted her own ambivalence about the fertility rate and thinks we have no way of deciding that a given population size is the correct one. she's not really advocating for greater fertility, just studying mechanisms.

Gavin Jackson
@gavinjackson.bsky.social

I have read Interest and Prices (the title is an echo of a book by Knut Wicksell) which is as good a position as you can be as an economics journalist on Nobel day.

Gavin Jackson
@gavinjackson.bsky.social

By the way, both Interest and Prices (Wicksell and Woodford) start from a "pure credit" economy in which all money is created endogenously by banks. (For people who think economists didn't know that.)

Gavin Jackson
@gavinjackson.bsky.social

Bob Hall did the random walk theory of household consumption. Consumers try to "smooth" consumption over their life, saving when young and spending when old. But they can't perfectly predict their income so spending resembles a drunk walking, going in one direciton but drifting.

Gavin Jackson
@gavinjackson.bsky.social

This by Woodford is essentially the intellectual framework for modern economic stabilisation. The Nobel committee are stressing how it underlines the importance of "transparency" in monetary policy (perhaps a veiled stab at Warsh)

Gavin Jackson
@gavinjackson.bsky.social

Michael Woodford revitalised the interest in Wicksellian theories of economic stabilisation rather than traditional Keynesianism or Monetarism (see Money in One Lesson by Gavin Jackson for an introduction)

Gavin Jackson
@gavinjackson.bsky.social

$12tn from oysters? Thats more than Games Workshop’s annual revenue

Uplifting News@upliftingnews.bsky.social

Restoring oyster reefs could deliver $12 trillion in ecosystem benefits—cleaning water, capturing carbon and protecting coastlines across 295,000 sq km of suitable habitat.

scitechdaily.comThe world's oyster reefs could deliver an estimated $12 trillion in ecosystem benefits if restored and protected, scientists say. Researchers identified 295,000 square kilometres of suitable habitat across 10 countries, where reefs can clean water,…The world's oyster reefs could deliver an estimated $12 trillion in ecosystem benefits if restored and protected, scientists say. Researchers identified 295,000 square kilometres of suitable habitat across 10 countries, where reefs can clean water, capture carbon and protect coastlines.

Gavin Jackson reposted

Jenny Chase
@solarchase.bsky.social

Replying to @solarchase.bsky.social

10. We oughtta be building more wind, especially in seasonal climates like Europe. Solar will get built anyway, it’s cheap, but wind blows at night and in the winter. We’re going to need something to charge the batteries in winter, especially with rising heatpump use.

Gavin Jackson
@gavinjackson.bsky.social

I flamed out of the All Souls Exam but I don't think it's particular difficult. I think it's just a trick. What you had to do is have some glittering essays essentially already written and the skill is figuring out how to adapt them on the fly to become about "shame" or "time" or whatever.

The Economist@economist.com

The All Souls College, Oxford entrance exam has been called the “the SAS of academia”. For decades their single-word essay titles were infamous for their difficulty. Register for free to discover why

bit.lyAre exams evil?Critics of the “hardest exam in the world” might think so. The paper hints otherwise