Barry Reid

CEO & Founder of Gorilla Post Production. Emmy nominated SFX editor and sound mixer. Economics blogger B.A Econ, MSc MusTech, MSc Econ

[Barry Reid @barryreid_]

@EconguyRosie Wow. The unfathomable bigotry. The sense of self entitlement, victim mentality and hypocrisy knows no bounds. Stomach churning. Lousy economist too btw

[Barry Reid @barryreid_]

@EconguyRosie Give up the ghost David! The business cycle has done a 180. Interest rates don’t matter so long as households are insulated / fixed.

[Barry Reid @barryreid_]

@turnipandduck @mercuryfilmwrks @kindofandycoyle Yes sir! Congrats 🥂

[Barry Reid @barryreid_]

I’m a sucker for Christmas songs so I decided to write one myself. I know, how cliche. Mid life crisis much? Available on Spotify/Apple during the wk. Huge thanks to Peter Eades for his arrangements and co-production. Merry Christmas 🎄😘

https://t.co/8FTsPExLoi

[Barry Reid @barryreid_]

@danobrien20 Only a matter of months before consumption rolls over. MNCs / business sectors first followed by the domestic economy.

[Barry Reid @barryreid_]

@U2 What happened the sound at tonight’s gig? Very disappointed. Travelled from Dublin to see the band. A great performance but major tech issues

[Barry Reid @barryreid_]

Are higher wages worsening inflation? Doesn’t look that way.

https://t.co/RM0qpKDx49

[Barry Reid @barryreid_]

In light of last week’s chaos at SVB and Credit Suisse, here’s my take on the stability of the financial system. https://t.co/bUwwB1c5Xz

[Barry Reid @barryreid_]

Too much government spending and money printing caused inflation, right? Here are my own views (based on data) which are different from the consensus https://t.co/iIg3zdGlYw

[Barry Reid @barryreid_]

As populism spreads in Ireland the economic order is being rewritten. My latest thoughts below. https://t.co/P77Eqa49K5

[Barry Reid @barryreid_]

@colmtobin 😂😂😂😂😂😂

[Barry Reid @barryreid_]

@colmtobin 😂👍🏻

[Barry Reid @barryreid_]

The Nobel Prize in economics today goes to a paper written in 1983 which coincidentally I’m doing an assignment on this wk as part of my masters. Like most economic research papers it’s dull, unreadable and serves little purpose! Congrats to the authors!https://t.co/LKh5mxCbLI

[Barry Reid @barryreid_]

The UK’s economic experiment will end in misery

https://t.co/bKS1QfsPWz

[Barry Reid @barryreid_]

@BurtchaellJohn @davidmcw You are essentially describing autarky. Foreign capital (bond investors) absolutely matters for currency. Yield curve control is bad news long term. Look at Japan. For the first time since 1998 they are now selling dollars to maintain the exchange rate.

[Barry Reid @barryreid_]

@BurtchaellJohn @davidmcw Being a currency issuer is fine if you are the global reserve currency i.e the US. And crucially if you have strong underlying economy with strong demand for the currency. The UK has neither of these things. MMT applies to the US case only. Recall UK’s IMF bailout in the 1970s.

[Barry Reid @barryreid_]

@BurtchaellJohn @davidmcw You’re missing the point. Assuming the BOE consistently monetises its own deficits the pound would plummet in value and capital flight would ensue. Stocks, bonds, foreign exchange, businesses flee. The UK is not the US. Less demand for the currency reflecting a very weak economy

[Barry Reid @barryreid_]

@BurtchaellJohn @davidmcw Low yields will force capital out of the UK depleting fX reserves. BOE will be forced to raise rates and reduce domestic money supply. Taxes, austerity, recession. #brexit Over-issuing your own currency is fine only if you are the US!

[Barry Reid @barryreid_]

@BurtchaellJohn @davidmcw If there is no demand for UK goods there is no demand for UK currency. BOE will be forced to monetise its own deficits. Over supply of Sterling + weak demand = soaring bond yields. BOE can try yield curve control but will result in even weaker Sterling. It’s a debt trap.

[Barry Reid @barryreid_]

Some independent research on the stock market. The outlook is very much tilted to the downside. History is a great teacher. Investors beware! https://t.co/O6O1nv74sr