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Señor Chacarero @iamocos
Joined April 2015
  • Tweets 837
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That's a misrepresentation of economic assumptions. Broadly speaking, I trying to describe the aggregate behavior of individuals, econ models Individuals as rational u() maximizing lemmings. Econ doesn't assume (nor prescribe) selfish, cold behavior by people.
Montserrat ⛰️
@portilla_montse
Apr 24
Que el Premio Nobel en Economía del 2022 lo haya ganado el PSICÓLOGO Daniel Kahneman, demostrando que la economía no puede asumir que las personas son frías y racionales, porque en realidad decidimos con emociones, intuiciones y errores previsibles, es prueba de que esta ciencia es MUCHO más que matemáticas y econometría. El valor subjetivo y la acción humana (aportaciones de la Escuela Austriaca) no son mera filosofía ambigua llevada a ideología, es la ECONOMÍA EN PRÁCTICA. La madre de todas las ciencias es la filosofía, de ahí emana la economía.
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Señor Chacarero retweeted
Dan Loewenherz
@dwlz
Apr 12
Anthropic: “We don’t degrade our models, we just reduce the amount of thinking effort they use without telling you and update logging to make it hard to notice”
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RT @OLanderretche: Encuentro tan escandalosa ésta noticia que todavía me resisto a creer que hemos caído a estos niveles de incompetencia.…
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x.com/AbrahamVelaDib/status/… @marcooviedo @Victor_Ayala @perromtzv Y es tb pq el analista se enfoca en lo "positivo" y no en lo "normativo". Banxico debió subir 100bp hace rato. Pero hasta el 2022 no sé registraban subas › 50bp! Difícil imaginar una junta dispuesta a hacer ruido!
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Señor Chacarero retweeted
Christopher Miller
@ChristopherJM
3 Mar 2022
The below video is extremely graphic. This is what Russia is doing in Ukraine. These are residential homes and civilians. Putin’s war is intensifying and clearly designed to kill to sow terror.
Inna Sovsun
@InnaSovsun
3 Mar 2022
33 people killed in a missile strike in Chernihiv, just hours ago. Why is everyone in the West pretending not seeing these horrors?!
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Dear @kamilkazani, I want to very sincerely thank you for your entertaining, timely, and incredibly educational content. Granted, all of your tweets could be wrong or fabricated and i wouldn't know! But they come across as serious and scholarly. Can't wait for the next thread.
Esto es "soft power" (en varios niveles distintos) de verdad x.com/MundoEConflicto/status…

Mundo en Conflicto 🌎
@MundoEConflicto
25 Feb 2022
🇷🇺🇺🇦 | Los usuarios desde Rusia que intentaron visitar Pornhub fueron literalmente bloqueados por un mensaje que les decía que el contenido se había detenido junto con una bandera y un mensaje de apoyo ucraniano. x.com/root_nomad/status/1497…
#Worldle #24 5/6 🟩🟩🟩⬛⬛ 🟩🟩🟩🟩🟨 🟩🟩🟩🟩🟨 🟩🟩🟩🟩🟨 🟩🟩🟩🟩🟩 worldle.teuteuf.fr
Wordle 240 4/6 ⬛⬛⬛⬛⬛ 🟩⬛⬛🟩🟨 🟩⬛⬛🟩⬛ 🟩🟩🟩🟩🟩
Wordle (ES) #39 3/6 ⬜🟩⬜⬜⬜ ⬜🟩⬜⬜⬜ 🟩🟩🟩🟩🟩 wordle.danielfrg.com/
nerdlegame 27 4/6 🟪⬛🟪🟪⬛🟩⬛⬛ 🟪⬛🟪⬛⬛🟩🟪⬛ 🟩🟩⬛⬛⬛🟩⬛🟩 🟩🟩🟩🟩🟩🟩🟩🟩
nerdlegame 21 2/6 🟪🟩⬛🟩🟪🟩⬛🟩 🟩🟩🟩🟩🟩🟩🟩🟩
nerdlegame 17 5/6 ⬛⬛⬛⬛⬛🟩🟩⬛ ⬛🟩🟩⬛🟪🟩🟩⬛ 🟪🟩🟩⬛⬛🟩🟩🟪 🟪🟩🟩🟩🟪🟩🟩🟩 🟩🟩🟩🟩🟩🟩🟩🟩
Banxico's 25bp hike seems to me like a relatively good outcome. The statement included an evaluation of the balance of risks to inflation (tilted to the upside, deteriorated since the last meeting) for the first time in a while. But not much else changed.
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Banxico's baseline inflation forecasts did change but they aren't too informative: Banxico does not disclose the policy rate and/or FX assumptions underlying their forecast. Until they do, it's hard to learn much from forecast updates (cc: @esquivelgerardo @JonathanHeath54 )
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An EM example of ideas @MarketInterest and @darioperkins highlighted earlier. Banxico follows the ECB's methodology and publishes inflation of a basket of goods with demand-sensitive prices (supercore) which is clearly different (and lower) than the standard core inflation index
Source: Banxico

ALT Source: Banxico

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Banxico goes even further and publishes inflation indexes of cpi basket goods especially sensitive to energy prices, FX fluctuations, and changes in wages. Supply shocks (energy, FX) seem more relevant drivers of current inflation than demand shocks (wages)
Source: Banxico

ALT Source: Banxico

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So as @MarketInterest pointed out, even if inflationary pressure are all due to supply side shocks one can still see traditional measures of core inflation rising. Imho, the nature of Mexico's inflationary pressures and weaker than expected output justify sticking to 25bp hikes.
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My contribution to the Hispanic heritage month celebrations will be to highlight how much I personally abhorr seeing the term "latinx" used anywhere but especially in corporate communications... Luckily, I'm not alone in my contempt: pewresearch.org/hispanic/202…
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