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Claudia Sahm FULL CHECKS NOW
Claudia_Sahm
cocksure arguments on macroeconomic policy that hinge on falsified, make-believe concepts like potential output must stop. must stop. now.https://twitter.com/ojblanchard1/status/1358122339301490690 believing we (@USCBO @federalreserve @Whit
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one paper, especially one as flawed as this study, should **NEVER** be allowed to overturn **TWO DECADES** of careful, peer reviewed research AND deny 40 million people - who got
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short thread on $1,400 checks -- THE FULL CHECKSfacts: - Biden wants $1,400 per person (woman, man, and child). - when added to $600 in December = $2,000.- Biden promised
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"@Claudia_Sahm said a major issue with narrowing the checks is the government doesn’t have all the necessary information. People who have just lost their job or seen a pay cut
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the future of macroeconomics is bright! you will often hear me say that. why? what makes me absolutely sure it's true? [no, it's not a low bar of our current
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ugh. it's whack a mole with this targeting argument:1) federal government DOES NOT KNOW how much your income in 2020. 44% of US households with income $75-$150k in 2019 LOST
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unemployment insurance is the core of the US social safety net (such as it is) and our primary automatic stabilizer ... created in the Great Depression, under leadership by Frances
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damn. damn. damn.https://twitter.com/uscensusbureau/status/1350074047049166848 AND THIS IS WHAT GOES IN GDP FOR CONSUMER SPENDING! down 2.1% bad. bad. bad. PS revising down your Q1 forecasts now A LOT, you overly optimistic
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/ good thread - do read it and replies!agree we often underestimate the role of serendipity. hard work is necessary (usually) but it is not sufficient.https://twitter.com/random_walker/status/1348664433216802817 interesting case where I
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“Economic activity rebounded robustly in the third quarter and has continued to recover in the fourth quarter ...” checks notes: NO.https://www.federalreserve.gov/newsevents/speech/clarida20210108a.htm “fewer participants [December FO
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ok, so pulled some data this morning ...https://twitter.com/Claudia_Sahm/status/1345922009641975808 what set off my sleuthing was @TimDuy highlighting (as others have) that total compensation to employees in US is pretty much back
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trouble falling asleep. mulled over targeting not targeting. I remain appalled we moving (too damn slowly) toward $700 billion package (too damn small) extending relief handful of months and misses
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