Policy & Markets Observer

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@jbsteinberg Steel and auto tariffs buy votes in the swing states that decide presidential elections (MI, PA, WI) even if they’re bad for the country as a whole

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@MG_MBS Thank you! That had dawned on me but was wondering if there was something else as well 😂

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@BobEUnlimited How are you weighing impact on economy of this vs. drag from tariffs (still significant)?

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@BobEUnlimited @NickTimiraos Some useful background here

https://t.co/6vKFwjtNol

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@BobEUnlimited Do you think spending cuts will actually reach this level?

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@TimDuy I also wonder about risk from Wilcox v. Trump (eventually it’ll be in S. Court). Hard to say but not trivial IMO

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@TimDuy What do you make of the fact that dollar is up?

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@jasonfurman What is the analysis finding that tariffs will reduce US auto jobs? I’m not familiar with it, and I suspect a lot of people aren’t.

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@TimDuy

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@RenMacLLC Fighting the last war are we?

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@dandolfa People like him never get well

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@dandolfa Whether there’s a real nat’l security basis (and I’m not sure there isn’t) is irrelevant if you believe, as Biden surely does, that the nat’l interest is served by keeping PA from becoming as red a state as OH, which the merger would’ve gone a long way toward bringing about

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@calculatedrisk Well said!

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@jasonfurman Very interesting thread—thank you for sharing your insights with us!

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@AswathDamodaran Don’t think I agree with you there: seems to me value/activist investors and private equity types whose stock-in-trade is squeezing cash from mature businesses get plenty of love

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@jasonfurman I enjoyed Alison Bechdel’s Fun Home (one of the best known works in the genre and the only one I’ve read).

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@jasonfurman Sorely missed!

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@TimDuy You’ve nailed this entire cycle so far. Absolutely impressive.

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@jasonfurman Always appreciate your clear and (needless to say) insightful analysis.