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Michael McKee @mckonomy

International Economics & Politics for Bloomberg TV/Radio *Formerly verified and still the same person* same ID for Threads

Joined March 2011
  • Tweets 13,575
  • Following 1,669
  • Followers 21,831
748 Photos and videos
As I did stand my watch upon the hill,  I looked toward Birnam, and anon methought  The Wood began to move.
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Listen him. He knows whereof he speaks.
Mike Madrid
@madrid_mike
6 Nov 2024
Data is going to be all over the place during this hour. Lots of people jumping to conclusions with little information. Really good hour to go for a walk and breathe.
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Election Twitter reactions so far would have suggested the Yankees were a lock to win the World Series. We're half an inning in.
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This is worse than the Super Bowl. A whole long day of pre-game analysts saying "this is a close election, we don't know what's gonna happen" before the count starts. But at least with the Super Bowl they play the damn game, it ends, and we can all go to bed...
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Watching college football (home in NYC) and every commercial break is stuffed with political ads. Makes me really feel for the poor people in the battleground states who have had to put up with this for months!
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But... @BobEUnlimited, the Fed does not "plan" to do that. The dot plot isn't a plan. It's 19 different guesstimates of where policy would be if the data turn out as each of the 19 forecast. WE focus on the median as if it were a plan. The data change, the policy path changes.
Bob Elliott
@BobEUnlimited
1 Nov 2024
The Fed plans to cut 150bps over the next 12m into an economy with strong growth, strong employment and inflation still above mandate. The epitome of "Over Easy" policy. Thread.
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Tinfoil hat stuff. Here are the initial release values and current revised values for payroll changes during the Biden administration. Sometimes they are revised up, sometimes they are revised down.
David Andolfatto@dandolfa
1 Nov 2024
Am deeply disappointed with this take. I suppose no revisions to imprecise initial estimates would serve to improve trust?
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Michael McKee retweeted
Chris Rugaber@ChrisRugaber
1 Nov 2024
The silver lining in weaker-then-expect jobs report is that solid economic growth with modest hiring does point to an ongoing productivity burst. Greater efficiency means higher growth, higher interest rates going forward, potentially higher pay.
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The BLS says it "can't quantify" the hurricane impact on October jobs, but 512,000 people reported they were unable to work because of weather; and 1.4 million said they could only find part-time work because of weather. The @federalreserve will look through this.
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Michael McKee retweeted
Super 70s Sports
@Super70sSports
31 Oct 2024
Goodbye, baseball. Let’s do it again next year.
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KEY FACT ABOUT THE JOBS REPORT TODAY: You can trust the numbers. It is not 'manipulated' by the @BLS_gov #jobsreport
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Economists have grown more pessimistic about today's jobs figures. Consensus is down to 100,000. But Wall Street is leaning ever more positive: whisper number now up to 140,000. #jobsreport #FED
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Michael McKee retweeted
Tom’s Old Days@sigg20
31 Oct 2024
The Baseball Season is Over.This will be the Sentiment of Many,for the next few Months. #MLB #Baseball #USA🇺🇸 #offseason #OpeningDay
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Michael McKee retweeted
Jordan Moore
@iJordanMoore
31 Oct 2024
Mookie Betts Kiké Hernandez Ryan Brasier Joe Kelly Michael Kopech Congratulations to the Red Sox on winning the 2024 World Series 👏
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As a @RedSox fan surrounded by @Yankees fans, I can testify that this morning, there is no joy in Mudville. ("Only one team ever," said Big Papi, over and over)
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RT @BobWeir: …that they cause friction and reducing the inequalities that create barriers. With these things in mind, I’ve done my researc…
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As an economist I have to appreciate the efficiency of Alex Vesia in doing his job. #WorldSeries
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Terrible news. Godspeed Phil Lesh. RIP. The music will never stop.
Music Never Stopped
@musicplayedband
25 Oct 2024
RIP Phil Lesh. Truly heartbreaking. We’ve loved this band and man for most of our lives. 💜 Much love to everyone 🙏🏼 #phillesh
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The darkness has come, it seems. "All that is necessary for the triumph of evil is for good men to do nothing."
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Minion in trouble? @USTreasury Secretary Janet Yellen was in the middle of a news conference when the Treasury logo fell off the podium and clattered to the floor:
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