Keith Head

mainly trade, data, R, economics, politics

[Olivier Blanchard @ojblanchard1]

On the Krugman/DeLong/Aghion/Garicano/Bergeaud/et al debate on the central issue of pty US/EU.

Let me admit my total confusion (am I the only one?). There seems to be at least three relevant measurement dimensions: PPP prices versus national prices. Quality adjustments for each. Current versus constant prices. The discussions seem to mix them in various ways. And different concepts: productivity growth, standard of living, consumer surplus.
My plan is to sit down and understand it all. But I am not there.

[Michael McFaul @McFaul]

Agree with Jamie Dimon.

[Jill Filipovic @JillFilipovic]

I spent the middle of last week in rural Ethiopia and like every fifth person was in an Arsenal jersey. Loved to see it tbh

[Will Saletan @saletan]

@JohnCornyn The reason they wrote these fables is so you’d learn them as a child, not when you’re 74.

[Keith Head @ckhead]

@florianederer Arsenal do in fact play magnificent football

[Keith Head @ckhead]

@Afinetheorem 50-60? Show the range of the data. Or include a comparison country and show their combined range.

[Mark Carney @MarkJCarney]

Canada strongly condemns Russia’s launch of large-scale missile and drone attacks on civilian targets in Kyiv tonight.

For more than four years since Russia’s illegal invasion, it has greatly underestimated the courage, determination, and strength of the Ukrainian people — even as Putin’s regime has relentlessly bombed Ukrainian energy infrastructure, schools, hospitals, and homes.

We call on Russia to immediately cease these strikes and end this illegal war of aggression. They prolong human suffering and do nothing to change the fact that Russia will lose this war.

Canada will continue working closely with international partners to secure a just and lasting peace for Ukraine and Europe.

[Arsenal @Arsenal]

LIFT IT UP ©️

[Jay Nordlinger @jaynordlinger]

From many Republicans, I hear that the government had nothing to do with the cancellation of Colbert's program. Okay, good. "Just regular ol' business." But the FCC chairman brags about the cancellation. And the White House circulates ... this. What are we supposed to think?

[James Surowiecki @JamesSurowiecki]

I understand Bezos needs to keep Trump happy for business reasons, but using the words "mature" and "disciplined" to describe Donald Trump is a totally embarrassing thing to do.

[Acyn @Acyn]

Shapiro: Somehow, he can’t find the money to pay for healthcare, but he can steal from you to pay off the criminals who stormed the Capitol.

[Keith Head @ckhead]

@elonmusk it's not an either-or decision. Jeff Bezos can do his job right and give to charities. so could Elon Musk. or at least not destroy USAID.

[Keith Head @ckhead]

@jmwooldridge I chose Arsenal in 2000 after reading Nick Hornby’s Fever Pitch.

[Pete Buttigieg @PeteButtigieg]

You could start by walking down the hall. See why your boss keeps pardoning people convicted of money laundering, wire fraud, tax evasion, and securities fraud.

[Keith Head @ckhead]

@florianederer @tancredipalmeri I think I would play a front 3 of Vini, Endrick, Raphinha, and a middle 3 of Cunha, Casemiro, Guimaraes. Gabriel, Marquinhos and Alisson will be historically one of the best defensive trios Brazil has fielded.

[Bill Kristol @BillKristol]

I’m pro-freedom, pro-law and order, pro-limited government, and pro-the Declaration and the Constitution.

And so today I’m a Democrat.

[Footysm ⚽️ @Footysm]

🚨🚨🗣️ Wayne Rooney on West Ham United vs Arsenal Game: 🤯

“People keep talking about individuals, moments, luck, referees and all the rest of it, but when I watch Arsenal, I see a proper football team. I see a side that is coached at the very highest level. Honestly, if you don’t rate this Arsenal team or you can’t understand the level of football they’re playing, then I’m sorry, you simply do not know football. And I’m saying that as someone who’s played the game at the top level for years.

This Arsenal side are unbelievable. Absolutely unbelievable. They are so compact, so organised, so disciplined in everything they do. There are no gaps, no panic, no unnecessary risks. Every single player understands his role. When you watch them, you almost don’t even see individuals anymore, you see a programme. You see a machine. Everything is synchronised. It takes a very high football IQ and tactical understanding to truly appreciate the level this team operates at.

People will watch them and say ‘they’re boring’ or ‘they’re robotic’, but do you know what I call it? Elite. I call it winning football. I call it a team that knows exactly who they are. There’s a reason they leave no lapses for opponents. There’s a reason teams struggle to break them down. There’s a reason they control matches the way they do. That doesn’t happen by accident.

I backed Arsenal from the very beginning of the season to win this league and people laughed at me. People told me City would walk it, people said Arsenal would bottle it again, but look where we are now. Two games left and Arsenal are on the verge of becoming champions. And honestly, I’m delighted for them because they deserve it.

The fans deserve it as well. Arsenal supporters have waited a long, long time for this feeling. They’ve gone through years of frustration, banter, disappointment, nearly moments, false dawns, all of it. But they stayed patient. They kept believing in the club, believing in the process, believing in the manager and the players. Now they’re finally about to get rewarded for that patience.

I think Mikel Arteta deserves enormous credit because what he’s built is not just a good side, it’s a culture. There’s standards there now. Serious standards. Every player fights for each other, every player works, every player sacrifices. That’s why they’re champions in my eyes.

And I’ll say this as a Manchester United man, this is the level I want Manchester United to get back to. This is the standard. Watching Arsenal now reminds me of what elite football clubs should look like. The control, the hunger, the mentality, the structure. When you get to this level, football becomes enjoyable again for the fans because they trust their team completely.

Arsenal fans can finally smile again because this team has given them something to be proud of. And I genuinely believe this is only the beginning for them. I think they’re going to do great things over the next few years.

So to everyone who laughed at my prediction earlier in the season, you’re not laughing now. Maybe it’s time people start respecting this Arsenal side properly because what they’re doing is special.”

[Keith Head @ckhead]

@TradeDiversion @ChrisSeveren “Reject and resubmit” never made any sense to me.