April 1, 2021
Very helpful breakdown of spending priorities in the Biden infrastructure Plan. post-gazette.com/news/politics-… https://t.co/nW4fAlVsKM
Very helpful breakdown of spending priorities in the Biden infrastructure Plan. post-gazette.com/news/politics-… https://t.co/nW4fAlVsKM
@tedfertik @70sBachchan We need to get them to detente but they are stuck on sputnik and space race.
@coyspurs 1. Biden admin is not presenting it as separate tracks but as linked perils. 2. Energy security arguments slow transition away from coal in China.
"The United States has one of the highest traffic fatality rates in the industrialized world, double the rate in Canada and quadruple that in Europe.” whitehouse.gov/briefing-room/… https://t.co/o4YEzJ5ZAb
"The single biggest risk is a destabilising rise in U.S. Treasury yields that impairs equity/credit markets, leading to incremental capital flight from EM markets and pressure on currencies” reuters.com/article/forex-… https://t.co/TaMY1kk7Ns
"Like great projects of past, the plan will unify & mobilize the country to meet the great challenges of our time: climate crisis & the ambitions of an autocratic China.” US places China on par with climate as challenge not China as partner on climate. whitehouse.gov/briefing-room/… https://t.co/6wbYmaeFhZ
"I truly believe we’re in a moment where history is going to look back on this time as a fundamental choice that had to be made between democracies and autocracies.” Striking how Biden frames his American Jobs Plan. This strategically placed in conclusion! whitehouse.gov/briefing-room/… https://t.co/9ja4UTGqoD
Dollar borrowing and above all dollar bond issuance dominates global foreign currency credit creation. voxeu.org/article/global… https://t.co/8vbQ7ljTbW
RT @70sBachchan: @BrankoMilan What is going on w/ wave of China bashing in premier US/UK press? From "Leninist Autocracy" (FT, Martin Wolf)…
Digging through details of the American Jobs Plan this stands out. "calling on Congress to put $400 bn toward quality, affordable home- or community-based care for aging relatives and people with disabilities.” Next to transport the biggest ticket item. whitehouse.gov/briefing-room/…
Crucial this. The Clinton-Obama discourse of belt tightening went out window. BUT is the American Jobs Plan a Trojan horse? Given tax increases it is coupled with, what is its net fiscal impact, growth/jobs/climate effects from investment aside? twitter.com/jdcmedlock/sta…
“The US has basically been coasting along on a wing and a prayer, juicing every last bit of juice out of very, very old infrastructure, because there hasn’t been a serious public works investment in a long, long time,” @emilyjblanchard ft.com/content/304cb7… https://t.co/ty6nv7x1Vs
RT @Frank_vanlerven: 💥My most important thread💥 Super excited to announce the launch of @NEF new programme of work #ChangeFiscalRules. Al…
@LiShuo_GP @IPQuarterly Thank you. Very much appreciated. Really means a lot.
Princeton School of Macro For a big review of @paulkrugman latest for @LRB I went back again to this great podcast with @DavidBeckworth with Scott Sumner. Great stuff! mercatus.org/bridge/podcast… https://t.co/hmIXsksqxc
RT @michaelxpettis: 1/3 Last year China reported its first financial account deficit in four years, which I assume was driven mainly by a…
@litteras_nescio @miotei Please elaborate. Seriously. Open to any take on deeper motives of Merkel and Macron. Certainly not interested in cheap, feeble denunciations of anything. Didn’t think I was doing that.
RT @TheEconomist: Kyoto's cherry blossoms have reached their earliest peak in 1,200 years. For a behind-the-scenes look at @TheEconomist’s…
@miotei @wizma9 Would love to have been part of that conversation. Lets set that up some time.
RT @miotei: Great piece here by @adam_tooze. I would just add that not only Europe's strategy is fragile, the whole world order is fragile,…
@OliverRakau Im sure. But don’t you think that we a gravity model? UK is small and easily ignored if you have a lot else going on. EU is large and makes a gigantic and easy target for lazy commentators and politicians who exist everywhere and in Europe too also tend to blame EU?
RT @miotei: @FGodement As a constructivist, this is a scary example of how hawkish narratives are fuelling conflict. As @adam_tooze wrote i…
RT @adamshatz: If you wanted to write a history of American new music, you could do worse than to tell it through Mills College, where Terr…
Albert Speer with his extended family in the early 1970s. Im struggling a little bit this morning with the fact that I can’t remember which of his grandchildren I used to play with in elementary school in Schlierbach in the early 1970s. albert-speer.de/leben/drei-gen… https://t.co/KPauRaNOjv
Whither EU policy on China and the CAI? I did a piece for @IPQuarterly thanks to @HoffHenning ip-quarterly.com/en/fragility-e… https://t.co/J0sTyOX7BM
Central bank monetary policy responsible for 2/3 of Great Depression shock. Neat graphic from research by Bundesbank (sic) Sören Karau bundesbank.de/de/publikation… https://t.co/4hhcJ2BsHy
@FlyingPapanash That may indeed be the core point you have hit on there! Very well put.
Wow …. This is getting a bit explosive. FT calling for change in BVerfG jurisprudence … to be driven by politics in name of “recovery". I wonder whether Abendroth/Habermas ever envisioned this! CAPITAL speaking against the usurpation of sovereign power by the court. twitter.com/klotzkette/sta…
RT @azraisakovic: #UE🇪🇺/#ÉtatsUnis🇺🇸/#Chine🇨🇳/ La fragilité de la stratégie chinoise de l’Europe – Les dernières actions de la Chine pourr…
@BisciariP @ErikFossing @edbrophy Let us hope so. I tweeted the ECB data because it seemed like a good faith, best guess effort to describe the state of play as it stood until recently. I agree there is every reason to expect an amplified national response this year.
A striking difference between US and EU COVID fiscal response is how little went directly to households in EU. Support for households mainly through short time working, of which a share goes to employers. ecb.europa.eu/pub/economic-b… https://t.co/0tKIYZbMtP
The fiscal deficits that the EU member states ran in 2020 are large but fully appropriate. NOT obvious why a 2.5% fiscal tightening is what is called for in 2021! In agreement with @ErikFossing on this. @edbrophy ecb.europa.eu/pub/economic-b… https://t.co/f32qiEInzl
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