Senior economist @Appcast/Stepstone. PhD @LundUniversity. Stint @ECB. Macro/econ history wonk, blogger, wannabe stoic, chess hobbyist, Scifi nerd. Views my own.
Joined November 2016
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26 Apr 2019
The business cycle is (mostly) driven by fluctuations in NGDP. Nominal income is nothing more than velocity adjusted money (M*V). It’s the Central Bank’s job to react to changes in M and V and therefore keep NGDP growing on a stable path. This is the most neutral monetary policy
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Jun 17
«Я бы бойкотировал российские товары, если бы мог вспомнить хоть что-нибудь, что Россия производит, кроме яда для всего мира».
Хью Лори (Доктор Хаус)
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Yes
Jun 17
I wonder if millennials are always going to be anchored to 2018 prices the way Boomers are anchored to 1988 prices 😂
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It is important that the world does not remain silent in response to this latest act of Russian barbarism. This strike on the Lavra is an attack on the Christian community and on the cultural heritage of humanity. There can be no justification for this or for any other similar Russian attacks. What is needed is more cooperation to stop Russia’s war and stronger protection to save lives from Russia.
Jun 14
Внаслідок російського обстрілу, який відбувається зараз, вночі 15 червня, горить дах одного з найбільш святих місць християнського світу - Успенського собору Печерської лаври у Києві.
Просимо про молитву за врятування святині від знищення.
Черговий російський злочин проти людяності, проти історії, проти християнства.
Що ще повинен зробити кремлівський антихрист, аби світ усвідомив, що слід рішуче діяти, аби російський терор проти України і самих принципів миру припинився?
Пресвятая Богодице, зупини ірода!
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Absolutely idiotic. This country will do anything except for building houses
Jun 10
Young people could swap a year's state pension for £12,500 cash to get on property ladder under new proposal trib.al/Bd9URXu
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Jun 8
Armenia's pro-West government wins election despite Russian pressure bbc.in/4eahzbI
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🇫🇷 And so, even INSEE has thrown in the towel and revised its 2023 GDP estimate upward with a massive revision. I'm not surprised at all, since this is exactly what I've been arguing for the past five years: Euro Area GDP is underestimated, and by a significant margin in my view. And this is far from over, as there are still many puzzles that remain unresolved. Speaking of which... hey, @istat_it, you're next on the list, aren't you?
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Jun 3
A job that requires you to be in the office 4 days a week is NOT hybrid.
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Jun 3
This week a major breakthrough was announced in cancer research.
Scientists created a drug that doubles survival in pancreatic cancer
This guy tells people to eat raw chicken
Jun 1
Cancer research is a SCAM!
$200 billion is spent on cancer research every year but the only thing to show for it is a 75% increase in the global number of cancer deaths since 1990.
A lot of people are getting EXTREMELY rich off of cancer.
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Jun 1
No boomer has ever applied to 500 jobs and gotten 5 emails back and 2 interviews and no employment.
They do not understand the world that we live in. They cannot understand it, that would shatter their world view. They reflexively call you lazy to protect their view of reality.
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May 31
Strange game to play, but ok?
Already traveled the world, didn't need a passport as a Soldier. There is more to see in my state than in your landmass and I've done more in my life than your country is known for. Piss right off.
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May 27
We are so far into "mad king" territory that the White House may not even bother to clarify whether Trump just confused Oman with Iran or is indeed threatening to bomb Oman
May 27
Trump: "Oman will behave just like everyone else, or we'll have to blow them up"
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😂😂😂
Fahrenheit is superior because it's basically telling you what % hot it is
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Omg, they are used for heating radiators (via a a hot water tank), completely different system
This tweet is unavailable
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May 26
britain is finally becoming a real island
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🤡🤡🤡
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May 20
modern monetary theory people don't even talk about MMT anymore, they just look at you like this
(postwar rationing was so unpopular that 5% of the UK's entire population emigrated, mostly to Canada, Australia, South Africa, and the US)
May 20
Is it a good time to remind people that Britain successfully used price controls during WWII and that this, alongside other price targetting policies, are part of the reason Britain managed to sustain the war for so long?
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May 18
The hotel union and the hotel owners worked together to get the city to ban new hotels. Hotel rates soared, and now labor and capital are dividing up the rents collected.
May 18
The average pay of housekeepers in New York City hotels will increase to more than $100,000 a year as part of a contract settlement between an industry trade group and a powerful union. nyti.ms/4dPdsTw
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May 18
"But the data center will only create a few hundred jobs"
How many jobs was the vacant lot creating?
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There are about a dozen BOE speeches on how nominal wage growth in the UK has been a clear international outlier between 2022-25 and how the BOE had to tighten monetary policy in response. But sure, all of this has clearly had zero impact on employment
A good way to screen out unserious people is by their use of selective correlations.
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