William Neal

Perennially warning birds of the danger of glue. All opinions are those of others passed off as my own.

[William Neal @Muggle_Wump]

I for one are glad that we embraced stability...

[David Cameron @David_Cameron]

Britain faces a simple and inescapable choice - stability and strong Government with me, or chaos with Ed Miliband: https://t.co/fmhcfTunbm

[William Neal @Muggle_Wump]

@Brad_Setser …it would solve the Quebec question by having more provincial independence in a European federalised structure !

[William Neal @Muggle_Wump]

@JoMicheII @JWMason1 @michaelxpettis The line of argument, at a high level, as I understand it: country A suppresses domestic demand, by various means, resulting in a trade surplus. It exports this "demand deficit" in the form of capital outflow to country B, which cancels this "deficit" with additional spending.

[Jonathan Pie @JonathanPieNews]

Election Special 4: The Conservatives.

[William Neal @Muggle_Wump]

@nina_econ Hi, please can you point to good recap of the debate around excess savings?

[William Neal @Muggle_Wump]

@DavidHenigUK My hot take is that they want to construct an alternative to WTO with selected partners. Hence they are keen for the EU to join them on the dark side and potentially cut a new tariff / subsidy deal.

[William Neal @Muggle_Wump]

@jjaron Probably a social media strategy to bate grammar pedants to retweet 😉

[William Neal @Muggle_Wump]

@parochial @Uneasy_Money @michaelxpettis Folks from Biden's and Trump's camps have been seen carrying around "Trade Wars Are Class Wars". Excess savings are pushed into US's open capital markets. Hence the argument that US doesn't control its rate of saving, as prolific public spending cancels out the underconsumption

[William Neal @Muggle_Wump]

@parochial @Uneasy_Money IMV you are both right. I would venture that "excess savings", "trade imbalance" etc.. is a moniker for "some quantity of underconsumption". @michaelxpettis points to different kinds of practices from whence this arises, but also how it is transmitted to the rest of the world.

[William Neal @Muggle_Wump]

@Brad_Setser I would hazard a guess to say EU is thinking carefully about a scenario in which China retaliates in a non-reciprocal manner?

[William Neal @Muggle_Wump]

@arthurturrell It it not just WiFi that is the problem, it is software developers who build sites that fail to use progressive enhancement and assume that that users are going to be plugged into fiber or connected to 5G the whole time so they stuff a bunch of javascript down your throat

[William Neal @Muggle_Wump]

@Brad_Setser disclosure requirements under FSR act as a deterrent as a lot of chinese companies are unwilling to open their books (for obvious reasons) or fearful of contravening Chinese laws

[William Neal @Muggle_Wump]

@Brad_Setser There are other tools in EU toolkit such as foreign subsidies regulation which is more proactive and effectively projects state aid rules outwards. Off the top of my head l am aware of chinese solar manufacturers pulling out of tenders after being subject to a FSR probe

[William Neal @Muggle_Wump]

@parochial @MonaAli_NY_US @MichaelPettis That may be, but if you don't grok the importance of "excess savings", a pretty crucial term in the line of argumentation, it undermines the critique. "Saving" is a multivalent term in economics, ripe for misreading. We need to follow how it is welded by the author.

[William Neal @Muggle_Wump]

@DanielaGabor The type of bipartisanship we can all get on board for...

[William Neal @Muggle_Wump]

@jadenmiles @MonaAli_NY_US Check out @adam_tooze discussion with Klein & Pettis for more on this https://t.co/X6RiohRMpo

[William Neal @Muggle_Wump]

@jadenmiles @MonaAli_NY_US Influenced by John A. Hobson. His analysis leans on using “savings” in a national accounting sense from a balance of payments perspective. The basic line of argument is that trade imbalances cause demand deficit at the global level most of the recent hot takes seem to miss this.

[William Neal @Muggle_Wump]

@keithfrankish Deleuze as a centre forward would deterritorialize the opposition’s defence

[William Neal @Muggle_Wump]

@keithfrankish Derrida as coach for his ‘close reading’ of the game

[William Neal @Muggle_Wump]

@APHClarkson The cynic in me thinks that they are trashing the HE sector to dismantle universities as a place where students mix with other students from other parts of the world, and thus producing liberal minded graduates that are a threat to their electoral coalition.