#Fiscal

Michael Pettis

michaelxpettis

1/6Just before I saw this article I was re-reading (for the second time) Glyn Davies's 1994 history of money and came across this passage:"There are few things more impressive than

Thomas PHILIPPON

ThomasPHI2

My take on the EU submit.(1/16)It was a long time in the making, but it is a major step.Time for a brief historical recap of the eurobonds debate.Back in 2010-2012

Bob Greenstein

GreensteinCBPP

As the number of COVID cases continues rising at an alarming rate across the country and millions of people continue to struggle to pay the rent and afford food, it

Caitlin Long 🔑

CaitlinLong_

1/ HOW TO UNDERSTAND WHAT'S GOING ON IN FINANCIAL MKTS. Western world built up a debt bubble of stunning proportions over past ~50yrs. It's deflating now, just as it tried

Joseph Gagnon

GagnonMacro

Especially since the global financial crisis, the efficient markets hypothesis has not been in high repute. Yet, economists implicitly rely on that hypothesis when they downplay concerns about currency manipulation.

تبع الExcel

OmarTamo19

One last thread.USD, exchange rates, black markets, corruption & solutions.Exchange rates are among the most difficult financial market prices to understand and therefore to value. Before I start, let’s have

Cem Karsan 🥐

jam_croissant

1/x I’m going to do this early & keep it short today... EVERYTHING FROM YESTERDAY STILL APPLIES, but I’ll add a little more texture here. Tomorrow morning is vixperation. Which

Jens Suedekum

jsuedekum

Please read this excellent thread by @jasonfurman. Even better: watch the full video from yesterday's @Princeton @MarkusEconomist webinar - it's worth it!I was wondering what his recommendations imply for Europe,

DMC

AssetReset

I have seen so many $BTC “the top” calls on Fintwit. These top callers have also been calling equity market tops and SPAC tops. Now, their battle cry is “you

RiverRising

The12fthOfNever

So many wins! Despite everything that is still going on across the world, our country can still pull out a win. #Canada's economy in 2020 just beat the United States

Marc Goldwein

MarcGoldwein

New BEA data shows income fell 4.2% from April to May. This is true but misleading.Income is UP by 5% to 8% relative to (pre-COVID) February and is the second

Qiao Collective

qiaocollective

We've updated our statement with some clarifications, excerpted below.First, there is no fiscal relationship between Qiao and the Progressive International. We receive no payment or compensation for the articles that

Brian F. Kelcey

stateofthecity

Vancouver's Police Board responds to news that their budget is held to zero y/oy by arguing that "fixed cost obligations" mean it isn't zero, so hey, frontline layoffs! Literally 00s

Heidi Shierholz

hshierholz

Last week, 2.4 million workers applied for unemployment benefits. This is the 16th week in a row that unemployment claims have been more than twice the *worst* week of the

Lena Simet

LenaSimet

In @hrw's World Report 2021 we highlight that #inequality is a serious human rights concern. As countries engage in Covid recovery efforts, building towards a more just economy that works

Mayor Ted Wheeler

tedwheeler

At the direction of the President of the United States, unidentified federal agents have been deployed to America’s cities, like Washington, D.C., Seattle, Washington, and Portland, Oregon, to interrupt local

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