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Mentions of the term “uncertainty” in the Federal Reserve’s Beige Book, 1970-present. The current reading is 45, by far the highest on record.
Made an extremely wild chart today.
A lot of the political discourse I see on here forgets something essential. The unilateral agency shutdowns, mass firings, ethics rule flouting, etc. are politically acceptable to so many Americans.
There’s a reason. You might know it.
Corporate earnings calls getting very angsty about trade
on.ft.com/4bjvxGn
Here’s another way to think about it.
We import roughly $3.25 trillion in goods every year.
Income tax receipts total roughly $2.2 trillion.
So we’d need a universal tariff rate of, give or take, 65% to be able to do away w the IRS.
But…
1/2
The WHY is really important. The base of support is not looking at CBS or NYT, or hearing concerns about lawlessness or constitutionality. They are seeing a fundamentally different information stream.
Even after the memo was rescinded, programs are still in limbo "...since then, he said the payment management system of the U.S. Treasury, which he uses to request funds for things like rent and payroll, has not been working" www.wpr.org/news/half-wi...
WIRED is tracking numerous reports of Musk-related shenanigans across the federal govt.
We're looking for fed employees open to discussing the activity they're seeing or to help confirm other reports. Anonymity offered.
Please use @signal.org (contact dell.3030). Do not use work networks/devices.
Super proud of this series we're doing with Nela Richardson and ADP Research. Working on these stories truly changed my understanding of aging, the labor force, and the future of this economy. Ep 1 here. More stories later this week!
This is cool! So grateful for people to volunteer their time to provide this service.
The retiree rolls are growing by about a million people a year faster than in the pre-GFC years -- good news if you're a prime-age worker, it's easier for employers to manage their headcounts without having to do layoffs:
Update: www.marketplace.org/2024/12/27/b...
Great point— all economist/musicians welcome!
Hi #EconSky! Let's see what this hive mind can do. I'm looking for an economist... who is also a classical musician... to speak with me for an @marketplaceapm.bsky.social story about the Baumol effect. Thoughts?
Hi #EconSky,
Not sure if the Starter Pack party's over, but I've made an Econ Starter Pack of Starter Packs! 😄
It's a work in progress, so I may have missed some. Let me know if there's anything to add—DMs are open!
Thanks for support @economista.bsky.social!
docs.google.com/spreadsheets...
How the email found me.
Hi Bluesky algorithm! I’m a producer @marketplaceapm.bsky.social covering business and the economy. I’m interested in labor market trends, unsung economic indicators, and the growing overlap between climate change and the economy. Also, I like skiing and cats. ⛷️
