retepelyod

retepelyod

@retepelyod.bsky.social

Global macroeconomics/politics/agency/warming. Here to talk straight, not to stroke egos. NIESR visitor. https://www.youtube.com/watch?v=DJo_fs15aE8

712 followers401 following1.9K posts

This is a terrible event and full respect to those who have prevented it disappearing under White Christian Nationalism. But another side of it should be celebrated, namely that it took only two generations after the 14th amendment for there to be Tulsa cum Black Wall Street to stir such violence.

Barack Obama@barackobama.bsky.social

As a survivor of the Tulsa Race Massacre, Viola Ford Fletcher bravely shared her story so that we’d never forget this painful part of our history. Michelle and I are grateful for her lifelong work to advance civil rights, and send our love to her family.

Im just going to say it. The new Ken Burns piece on the American War of Independence is interesting material well handled. But The soundtrack truly is a major advance in the treatment of insomnia. Those warm earnest tones all in one register. Patent it !

The FT cannot get its head around the fact that their primary bond is that they are both White Christian Nationalists. Nothing “mesmeric”, “underhand”, ”spy thrilllerish” etc. about it.

So a Treasury Secretary who secured his post by saying absolutely anything finds, in the real world, that he has no credibility. Let us desperately hope there isn’t a major financial crisis in the US or elsewhere with non-credible him still in post.

Cannot help wondering it this latest outbreak of petulance is just because his much hyped 20-point nonsense on Gaza is already crumbling before everyone’s eyes, as Netanyahu humiliates him once more.

Well the IMF says in its WEO today that the US trade-weighted tariff is 17.5 percent now. IMF numbers bouncing around … who knew !

retepelyod@retepelyod.bsky.social

The IMF says the effective US tariff is 9 percent. Someone is wrong.

So the US has finally strong-armed Netanyahu into a ceasefire. Never mind for now good questions about durability etc. Just ask why it took Trump to force the issue with Netanyahu and why Biden was unwilling to do so ?

And, for the record, obviously what the UK needs to do to fix all of this is reverse its post 2009 productivity disaster.

retepelyod@retepelyod.bsky.social

Yes, Andy off the rails. LR fiscal sustainability/credibility essential to allow ST discretion. But if there’s a problem, no need to fix it in one go—framework rightly allows action over time. But with UK near to full empl, and inflation a tad high, arguable case for some fiscal tightening now.

Yes, Andy off the rails. LR fiscal sustainability/credibility essential to allow ST discretion. But if there’s a problem, no need to fix it in one go—framework rightly allows action over time. But with UK near to full empl, and inflation a tad high, arguable case for some fiscal tightening now.

Jonathan Portes@jdportes.bsky.social

This from Andy Haldane gets some basic stuff wrong, notably this: "A £30bn will need to be filled in this year’s Budget,e ven though a stalled economy needs a 1% of GDP fiscal tightening like a hole in the head." Just wrong. Not how the fiscal framework works at all. www.ft.com/content/1c4d...

My view remains unchanged from immediately following Oct 7: 1. Absolute no to the actions of Hamas. 2. Absolute no to islamophobia anywhere anytime. 3. Absolute no to the actions of the Netanyahu government. 4. Absolute no to anti-semitism anywhere, anytime. All four, all together, always.

I hope the DEMS do not lose this in the din. If Trump can have Jan 6 ppls backs with pardons for doing the wrong thing, DEMS must have military backs with full restitution and honor for doing the right thing.

retepelyod@retepelyod.bsky.social

The DEMS should commit now that any US military who loses their job for refusing an order to fire on US citizens will have any lost pay and pension fully restored, along with a promotion and a newly minted medal honoring this specific valor, when the DEMS return to the White House.

The DEMS should commit now that any US military who loses their job for refusing an order to fire on US citizens will have any lost pay and pension fully restored, along with a promotion and a newly minted medal honoring this specific valor, when the DEMS return to the White House.

John Cassidy@johncassidysays.bsky.social

Trump telling US generals they have to fight the "enemy within" and the "war within." No wonder there was no applause.

“Im thinking about Argentine macro in the back of a noisy matatu” says one of my students. That may be the best place for it. (And if you don’t know what a matatu is, look it up)

Its fine for them to point out that the independence of the Federal Reserve is a good thing. But this SCOTUS has already made clear it does not make rulings on the basis of whether something is good or not.

Starmer needs this state visit right now like he needs a hole in his head.

The New York Times@nytimes.com

The authorities in Britain said they were preparing the biggest protective security operation since the 2023 coronation of King Charles III for President Trump’s state visit this week.

So the latest downward revisions to non-farm employment (over the past year) help to understand (confirm) the evidence from the trend decline in African American participation suggesting sustained weakening of the economy over that period (until August—the data on which I still do not understand).

Chart of shame.

Robin Brooks@robin-j-brooks.bsky.social

Updated EU Wall of Shame: new all-time high for Dutch exports going to Kyrgyzstan in latest data for May '25. Countries in orange clamped down on transshipments to Russia. Countries in blue refuse to. The EU is deeply broken. Short-term greed overrides medium-term security. Spare me the moralizing.

Its not that Djokevic and the rest trail the top two. Given Sinner’s serving woes in the US Open, Djokevic could well have beaten him had they been drawn in the same half. But neither of them can now touch Alcaraz.

I was going to say I was reasonably sure the new “management” at BLS would not have had time yet to interfere with African American participation data … but the data for August are so odd … I have no idea (yet) what to make of them … and I aver the FOMC is similarly befuddled.