@talmonsmith it's hard to explain a global phenomenon with local variations in housing supply and demand or land use regulations. I don't claim to understand what is going on with house prices, but I do know the normal explanations are unconvincing.
@talmonsmith housing prices are increasingly not being governed by regular supply and demand curves in local areas. If they were, would global house prices have the curve that the Economist shows? https://t.co/DNpsRsAP78
@biancoresearch correct me if I'm wrong, but isn't any reading below 50 a contraction? So ticking up is an odd way of describing contracting more slowly. The broader point you are making is right -- the data don't show a collapse or "freezing." But if below 50 is contracting, it is a contraction
@DailyEagles@AlanMCole why would it matter? Would the movements of the equity and bond markets be different depending on who someone votes for? I don't know him, never heard of him, and don't care who he voted for. But he is right -- the movements of the equity and bond markets have not been normal
@bsilone@Pythonette@LHSummers@Mark_J_Perry@realDonaldTrump It is not at all about what tariffs other countries charge American imports. The white house has literally said this. It is based on trade deficits. Trade deficits do not equal tariffs. They are completely separate things.
This is really basic and not complicated.
@Patriot_N_Chief @TheMaineWonk please don't delete this.
future historians will want to include it in their analyses of how breathtakingly stupid so many of us were...
@RepDanGoldman And if you had met with us, you would have heard that we believe in a maritime future for the port -- this is our last working port, and you want to shrink it further.
@RepDanGoldman If you had met with those who live here, you would have heard that given that the BQE is collapsing, Columbia Street has a ton of overflow traffic. And has no public transit except for the B61, which sits in all the same traffic as the cars.
@RepDanGoldman And please tell us all why you have refused to met with the people who live here. If you had met with us, you would have heard that we are not opposed to housing -- we are opposed to giving away public land to for-profit developers.
@RepDanGoldman Please tell us how the best thing we should do with publicly-owned land is to turn it over to for-profit developers to do luxury housing (and why it can't be all maritime, or why, if it is to include housing it can't be 100% affordable housing).
@JavedNissar@SKmacro@Noahpinion this all has nothing in the world to do with reducing the deficit.
This is all about uncertainty of policy. What's our trade policy? Who knows? And anyway, it will be different tomorrow
@SeanTrende Every country is unique, and has its own particular story. But the common thread in all of them was the inflation from 2021-2023 and its hangover.
@SeanTrende This is right. 2024 has been the year of elections around the world. And incumbents have gotten their asses kicked all over the world. Some hung on, but weakened (India, France), most just flat out lost. But not a single incumbent has won in a year of elections around the world
@Angry_Staffer for those following from home, where are you getting this. I so desperately want to believe you, but it is Twitter, and I do like to verify :)
@stuartpstevens my math has 53-44 being a 9% lead. Is there something I'm missing? And if not, and it's the 9% shown here, that means majority of men would have to be even greater than the 51% indicated here.
@SeanTrende I think you're really underestimating how much the hardcore Dems are terrified of a major poll miss in Trump's favor again. The reaction to a Trump+17 would be complete terror. It would not be dismissive. At all. It would be meltdown-level panic. And sense of doom.
This was basically Isildur refusing to throw the Ring of Power into the fires of Mount Doom when he had the chance, and the events since then have only made the analogy more apt.