So @realDonaldTrump says “I love the inflation.”
Everyone’s arguing about the quote. The Fed stopped listening yesterday.
Headline 4.2%, core 2.9%, a brand-new chair, and a rate decision in days.
I broke down what the commentary is missing 👇
U.S. Trade Representative contradicted himself twice in a @CFR_org interview while ignoring a $339.5 billion American surplus to obsess over a deficit.
This should be front page.
Instead it’s a LinkedIn post. 👇
The @nytimes wants to build more homes to fix the housing crisis.
Current policy is deporting the people who build them.
Basic economics: reduce labor supply, costs rise.
Deportation policy is, in effect, an inflationary housing policy.
My letter:
https://t.co/yVZp4lGv5R
Subscription fatigue. Blue-dot fever. Energy shock.
Different names. One diagnosis.
The exhausted American consumer, and by year's end, everyone will be talking about it.
"Treating a broken leg with an aspirin."
That's a gas tax holiday during a war-driven oil shock.
Gas is up $1.50/gallon. The tax is 18 cents. That's 12% of the problem (before producers take their cut.)
Full breakdown from my interview with @KCBSRadio👇
Everyone is celebrating the April jobs report.
I have been reading these reports for YEARS.
Every single net revision over the past year has been negative.
Every. Single. One.
Today's 115,000 is an upper bound, not a baseline.
Read before the headlines write this for you.👇
The government just told you the economy grew 2.0%.
They didn't mention the 4.5% inflation.
The $1.3 trillion in credit card debt.
Or what the 1970s tells us about what comes next.
Read before the headlines write this for you. 👇
#Stagflation#Inflation#Economy
Today's Fed meeting isn't a Powell farewell; it's a doctrinal transition. Supply-side inflation, passive tightening, and a live stress test of central bank independence. #Fed#MonetaryPolicy#FOMC
https://t.co/ZFLLzIBOQ2
AI is not coming for insurance jobs through layoffs. It is coming through attrition. That is the distinction that matters in all industries. https://t.co/WWTGX0yPFd
Spoke with @KCBSRadio about the $166B tariff refund program. Businesses get refunds. Consumers — who paid the higher prices — get nothing. And the debt issued to finance those refunds risks driving the very inflation consumers will absorb instead. https://t.co/hvTs1qxLUn
I am honored to have the opportunity to speak at 'TEDxFordhamUniversity: For What Matters' and to meet many of you at the celebration reception afterward.
For those unable to attend in person, I encourage you to participate via the livestream.
https://t.co/39dSdo05OS
How bad must the first preview performance of @DeathBecomesBwy have been that they CANCELLED the second performance less than an hour before it started? @playbill
Fordham's @CromsFury: “If they’re too aggressive for too long a period of time, without easing on monetary policy, this could lead to the giant ‘R’ and we don’t even want to say the word.” @FordhamNYC https://t.co/dZC17gaYon